Honda and Nissan expected to begin merger talks
Honda and Nissan were poised Monday to announce the start of talks on a merger to help the Japanese giants...
UAE says will not arm Sudan paramilitary RSF: White House
Washington, United States -- The United Arab Emirates has informed the United States that it will not arm paramilitaries in Sudan's...
Geostrategy
Business
Utilizing AI is only possible if skill gap is bridged, says expert
DUBAI, UAE - The Artificial Intelligence (AI) revolution is upon us, with AI becoming a pervasive force in our daily...
- As the rate of AI adoption increases, humans are essential to guiding the technology’s implementation and usage of these technologies.
- Executives estimate that up to 40 percent of their workforce may need to reskill as a result of implementing AI or automation over the next three years.
Geostrategy
Child among 8 killed in Syria clashes: monitor
The fighting pitted the army of Syrian President Bashar al-Assad against Hayat Tahrir al-Sham (HTS), a group led by Al-Qaeda's...
- War monitor said an elderly man, a woman and her young daughter were killed
- Syrian army retaliated by bombing residential areas of Darat Izza town in Aleppo
Geostrategy
Algerian ex-defence minister accused of torture dies
Nezzar was the commander of Algeria's ground forces and administrated the "state of siege" during the bloody October 1988 riots...
- Nezzar was defence minister during the military's 1992 overthrow of democratic politics and the early years of the decade-long civil war triggered by that decision
- In August he was indicted by the Swiss attorney general's office for crimes against humanity including coordinating torture and efforts to "exterminate" the Islamist opposition
Geostrategy
120 kilos of cocaine wash up on Australian beaches over Christmas
Sydney, Australia-- Australian police said Wednesday they were scouring beaches after mysterious packages believed to contain more than 120 kilograms (260...
- A first batch of 39 barnacle-encrusted, one-kilogram bricks of suspected cocaine was discovered on Friday near Magenta Beach, north of Sydney
- Since then, another 85 packages of the same size had been spotted along about 80 kilometers (50 miles) of the New South Wales coastline, state police said
Opinion
Acute hunger, healthcare collapse worsen Gaza crisis
The situation in Gaza is a humanitarian catastrophe, with hospitals like Al-Shifa and Al-Sahaba facing dire shortages of medical supplies...
- Once Gaza's largest hospital, Al-Shifa is now confined to providing only basic first aid, severely limited by ongoing hostilities.
- In Gaza, extreme hunger drives people to desperate measures, risking their safety in a relentless search for food to survive.
Ukraine says it shot down three Russian Su-34 fighters
Air force commander Mykola Oleshchuk said the Su-34 jets were downed around noon on Friday. In his announcement he noted...
- In his nightly address on Friday, President Volodymyr Zelensky thanked the soldiers who shot down the Russian fighters in the Kherson region
- The Kremlin has not commented on the Ukrainian claims but Russian war blogger Fighterbomber said there had been losses, likely due to the Patriot missile air-defence system
Economy
‘Private sector plays vital role in Gulf integration’
"The GCC has all the potential to become a strong economic alliance capable of asserting itself on the global economic...
- The GCC has all the potential to become a strong economic alliance capable of asserting itself on the global economic map.
- This potential is attributed to its natural resources, distinctive geographical location, and robust global alliances with nations.
Geostrategy
Music gives Gaza children respite from horrors
The United Nation says children make up half of the 1.9 million displaced Palestinians and a sizable number have been...
- Volunteer entertainer Ruaa Hassuna says that when her young audiences hear her musical instrument, they "no longer hear the hum of the drones"
- Many of the children in the troupe's audiences are hardened beyond their years, their innocence shattered by fear and bereavement
Geostrategy
Israel troops kill 3 hostages mistaking them for ‘threat’
The Israeli army said that it had mistakenly identified three Israeli hostages as a threat, and fired, killing three of...
- The army identified the hostages as Yotam Haim and Alon Shamriz and Samer El-Talalqa
- Its spokesman said the military "bears responsibility for everything that happened"
Business
stc’s Tawal secures $999m financing
Tawal signed Murabaha pacts with SNB and SA
- The 18-month financing is covered by a promissory note by TAWAL for the full amount, stc said in a statement to Tadawul, according to Argaam.
- The credit is intended to go towards refinancing the shareholders loan extended by stc to TAWAL.
Honda and Nissan expected to begin merger talks
Honda and Nissan were poised Monday to announce the start of talks on a merger to help the Japanese giants...
Company News
Latest News
Middle East renewable energy projects investments reach $75bn
London, UK -- The Middle East is moving towards investing $75.63 billion in renewable energy projects until 2030, according to...
Business
Europe’s Electric Vehicle troubles bubble up at Brussels Audi factory
Brussels, Belgium -- Outside an Audi factory in Brussels described by the German carmaker as the "cradle" of its electric drive,...
Business
TAQA launches new corporate identity
Abu Dhabi Energy Services will be renamed as TAQA Services.
Business
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Business
GACA and Volar to build UAE’s first Green Aviation Technology Center
Montreal, Canada -- The General Civil Aviation Authority (GACA) and Volar Air Mobility have signed a Memorandum of Understanding (MoU)...
- The Center aims to promote clean energy solutions, support research and development in sustainable aviation technologies.
- "The Centre will play a pivotal role in developing innovative solutions for a more growing, sustainable and greener future," said GACA director general Saif Al Suwaidi.
Business
Stock markets rise, gold hits record high as US rate cut nears
More data this week suggesting the Federal Reserve was winning the battle against inflation provided an extra kick for global...
- Investors are focused on the highly anticipated Fed meeting after data this week showed US consumer inflation slowed more than expected in August to 2.5 percent.
- The Fed cut rates early in the pandemic, then began hiking in 2022 as inflation rose, pushing rates to a 20-year high.
Business
Aramco Digital, Groq to build world’s largest AI inferencing data center
Riyadh, Saudi Arabia -- Aramco Digital Company and Groq, a leader in artificial-intelligence (AI) inference, have announced their partnership to...
- The announcement was made on the sidelines of the Global AI Summit (GAIN Summit), which concluded in Riyadh on Thursday.
- The facility will process 5.28 million tokens per second by the end of 2024 and 53 tokens per second by 2025.