Trump tells Cuba to ‘make a deal, before it is too late’
The communist-run island near Florida has been a US foe and ally of Caracas for decades, but Trump has ramped...
Geostrategy
Some food preservatives linked to higher cancer, diabetes risk
Paris, France -- Eating some common food preservatives is linked to a slightly higher risk of eventually developing cancer and...
Research
Interview
RAKEZ powers Ras Al Khaimah’s growth: CEO Ramy Jallad
Jallad underscores the role played by RAK ruler Sheikh Saud in positioning the emirate as a magnet for SMEs and...
- Ras Al Khaimah is strategically located near several logistics’ routes, including shipping and aviation, says Jallad.
- RAKEZ has investors and companies from over 100 different countries, as well as 100 different industries and segments.
Geostrategy
Egypt says to support South Africa ICJ case against Israel
Pretoria brought its case to the ICJ in December, calling on the UN court to order Israel to suspend its...
- Egypt said its move to back the case comes "in light of the worsening severity and scope of Israeli attacks against Palestinian civilians in the Gaza Strip".
- It further pointed to Israel's systematic "targeting of civilians and destruction of infrastructure" and "pushing Palestinians into displacement and expulsion".
Business
QatarEnergy buys stake in Egypt blocks
It did not disclose the cost of the agreement.
- The Qatari state-owned hydrocarbon giant will receive stakes in the Cairo and Masry concessions off Egypt's north coast.
- Under the deal, the operator ExxonMobil retaining 60 percent, QatarEnergy said in a statement.
Business
TSMC’s April revenue up 60%
It capitalized on huge wave of demand for chips used in AI hardware.
- TSMC dominates the global chip industry, and the bulk of its fabrication plants are based in Taiwan, a self-ruled island that is claimed by neighboring China.
- TSMC announced plans in April for a third factory in the United States, raising its total investment in the United States to US$65 billion.
Geostrategy
UN votes symbolically in favor of Palestinian membership
"I have stood hundreds of times before at this podium, but never for a more significant vote than the one...
- Palestinians in April relaunched a request dating back to 2011 to become full members of the United Nations, where their current status is that of a "nonmember observer state."
- The vote lets Palestinians submit proposals and amendments directly, without having to go through another country, as is the case now.
Geostrategy
Hezbollah says fighters killed after Israeli strike on south Lebanon
The Lebanese security source, requesting anonymity as they were not authorized to speak to the media, said that "four Hezbollah...
- Hezbollah said it launched "an air attack with explosive drones" targeting an Israeli military base and its vicinity in retaliation.
- At least 399 people have been killed in Lebanon in seven months of cross-border violence, mostly militants but also including more than 70 civilians.
Business
Etihad reports record Q1 profit
Total revenue increased by $269 million in the same period.
- The airline said the revenue increase reflects an increase in network capacity and passenger numbers.
- The airline carried 4.2 million passengers over the quarter, up 41 per cent year-on-year.
Business
Emirates CEO Sheikh Al Maktoum ‘not happy’ over Boeing aircraft delays
Dubai, United Arab Emirates -- The head of Dubai's Emirates airline urged Boeing on Tuesday to "fix" its problems, warning the...
- Chairman and chief executive Sheikh Ahmed bin Saeed Al Maktoum said the delayed delivery was putting pressure on Emirates' existing fleet.
- Emirates, already the biggest operator of 777 planes, has 205 777X on order, including a major purchase of 55 777-9 and 35 777-8 announced in November.
Geostrategy
South Gaza hospitals have only three days’ fuel left: WHO
Despite international objections, Israel sent tanks into the overcrowded southern city of Rafah on Tuesday and seized the nearby crossing...
- "The closure of the border crossing continues to prevent the UN from bringing fuel. Without fuel all humanitarian operations will stop," said WHO chief Tedros Ghebreyesus.
- Tedros said Al-Najjar, one of the three hospitals in Rafah, was no longer functioning due to the ongoing hostilities in the vicinity and the military operation in Rafah.
Business
flynas UAE expansion plan to increase number of routes, flights
Dubai, UAE -- flynas, the Saudi budget carrier, has announced expansion plans for the UAE from September this year, which...
- The carrier unveiled expansion plans for the UAE on the sidelines of the Arabian Travel Market (ATM).
- Starting September 2024, flynas will expand its operations to include Abu Dhabi, Sharjah, and Al Maktoum International (DWC).
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Revenue from Saudi cinema may exceed $1bn by 2030KSA, UAE play well as e-gaming trends across GCCExclusive: Middle East’s retail sector rides on AR and hybrid shopping to become $600bn digital economyTECOM Group profit soars 13%UAE startups eye Saudi Arabia for growth, expansionSaudi Arabia leads GCC AI healthcare raceDisparity remains as Saudis, Emiratis see wealth gains
Trump tells Cuba to ‘make a deal, before it is too late’
The communist-run island near Florida has been a US foe and ally of Caracas for decades, but Trump has ramped...
Geostrategy
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ADNOC Drilling closes JV
Business
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Saudi PMI falls to 58.4 in Dec as non-oil private sector improves
Riyadh, Saudi Arabia -- The seasonally adjusted Riyad Bank Saudi Arabia Purchasing Managers’ Index (PMI), formerly S&P Global Saudi Arabia...
Business
Desert truffles: Saudi Arabia’s buried treasure
The 10-day Qassim Truffle Festival, currently in its fourth year, features 18 booths showcasing truffles, a dedicated auction area and...
Business
Israeli invasion destroys 90% of Gaza livestock, poultry farms
Gaza, Palestinian Territories - The Israeli forces have decimated 90 percent of 2,500 poultry and cattle farms in Gaza during...
Geostrategy
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Business
Emirates’ first A350 takes flight
The airline operated the inaugural flight from Dubai to Edinburgh.
- The aircraft, featuring Emirates' latest cabin products, is the first of 65 A350s joining the airline's fleet over the coming years.
- Emirates has configured its A350 to provide three cabin classes, accommodating 312 passengers in 32 next-generation Business Class lie-flat seat.
Geostrategy
Winter rains, flooding and limited aid worsen Gaza tragedy: IOM
"Vulnerable people, including at least seven infants, have died from hypothermia, and these tragic deaths underscore the urgent need for...
- As of mid-Dec, the Shelter Cluster, a coordination group of UN, international and local humanitarian, estimates at least 945,000 still urgently need winterization assistance.
- IOM has delivered nearly 180,000 emergency shelter items to partners inside Gaza since mid-November and has over 1.5 million more winter supplies.
Business
Oil extends gains on hopes of policy support for economic growth
Singapore - Oil prices extended gains on Friday after closing at their highest in more than two months in the...
- Brent crude futures rose 16 cents, or 0.2 percent, to $76.09 a barrel after settling at its highest since Oct. 25 on Thursday.
- Lower interest rates should spur more economic growth which would lead to higher fuel consumption.