In stabilization bid, Syria’s new ruler declares all weapons under state control, including Kurdish arms
Ahmed al-Sharaa announced all weapons, including those held by Kurdish-led forces, will come under state control, emphasizing unity and coexistence...
Biden cancels $4.28 bn more in student debt before leaving office
Washington, United States -- US President Joe Biden said Friday he was canceling student loans for an additional 55,000 Americans, which...
Geostrategy
Economy
Consumer Price Index in Qatar decreases by 0.10% in June
Doha, Qatar - The Consumer Price Index (CPI) in Qatar reached 105.71 points, showing a decrease of 0.10 percent when...
- In June 2023, the CPI experienced some notable changes when compared to May 2023
- An increase of 2.49 percent was recorded in the CPI of June 2023 when compared to that of June 2022
Business
Demand for Shariah-compliant financing in UAE grows 4.9% in 2022
Abu Dhabi, UAE - UAE Islamic banking sector assets witnessed steady growth in 2022, accounting for 23.0 percent of the...
- The UAE Islamic banking sector assets expanded 8.3 percent to $230.2 billion in 2022
- The UAE banking system comprises eight Islamic banks and 17 Islamic windows by conventional banks
Geostrategy
Finance minister quits in latest Kuwait political turmoil
Kuwait City, Kuwait - The finance minister of Kuwait, one of the world's biggest oil producers, has resigned only three months...
- Al-Hajeri was appointed as finance minister and state minister for economic and investment affairs in April
- He will be replaced by Saad Al-Barrak, who was named both oil minister and state minister for economic and investment affairs last month
Business
Arabs play huge role as Threads challenges Twitter’s dominance in social media space with rapid growth
The new app developed by Meta has attracted more than 100 million users just five days after its debut, indicating...
- The new app developed by Meta has attracted more than 100 million users just five days after its debut, indicating its potential to compete with Twitter
- However, the number of new sign-ups does not necessarily indicate active use or a complete shift from Twitter as Threads is still under development
Economy
UK to unveil new measures to support financial sector
Hunt, whose official title is chancellor of the exchequer, will lay out plans for an "entirely new kind of stock...
- Hunt will set out "how Britain's financial services will support the drive for long-term sustainable growth across the country", the UK Treasury said
- The new measures will in particular seek to make the UK stock market more attractive to firms looking to take their businesses public
Business
Gift purchases for MENA men to increase by 25% in 2023: study
Dubai, UAE - There will be a 25 percent increase in gift purchases for men in 2023 in the MENA...
- The rise in sales has been attributed to several factors such as the long-standing tradition of gift-giving as part of the celebrations, thereby driving the demand for gifts
- The introduction of new product categories specifically tailored to male recipients, including confectionery, live plants, perfume, and coffee also played a role
Business
Greater data access and control for users as EU modifies digital policy
"Once the data act enters into force, it will unlock the economic and societal potential of data and technologies and...
- Negotiators from the European Council, which represents the 27 member states, and the European Parliament struck a deal late on Tuesday on the data act.
- The new rules also include safeguards against unlawful data transfer by cloud service providers and make it easier to switch providers of data processing services.
Geostrategy
Wagner chief heads into Belarus exile, NATO vows to protect allies
In the Hague, NATO chief Jens Stoltenberg said it was still too early to draw conclusions from the move to...
- As the fallout unfolded from Prigozhin's brief mutiny, Russian President Vladimir Putin sought to shore up his authority by thanking regular troops for averting a civil war
- The feud between Wagner and the army had escalated for months, with Prigozhin making increasingly scathing statements against the generals' handling of the offensive in Ukraine
Business
Saudi Gamers8 with a $45m prize pool brings Razer back as gaming gear partner
Riyadh, Saudi Arabia - The Saudi Esports Federation (SEF) on Tuesday announced that Razer, the world’s leading lifestyle brand for...
- Razer will provide premium hardware from their range of gaming peripherals for VIPs and influencers during the esports festival
- Gamers8 has a prize pool of $45 million and the festival concludes with the Next World Forum, a gaming and esports forum
Business
OPEC chief anticipates a 23% rise in global oil demand by 2045
Kuala Lumpur, Malaysia - The Organization of the Petroleum Exporting Countries (OPEC) expects global oil demand to rise to 110...
- The CEO of Saudi oil company (Aramco) Amin Nasser predicted that the fundamentals of the global oil market will remain sound for the rest of this year
- Although China is facing some economic headwinds, the transport and petrochemical sectors are still showing signs of demand growth, Nasser noted
In stabilization bid, Syria’s new ruler declares all weapons under state control, including Kurdish arms
Ahmed al-Sharaa announced all weapons, including those held by Kurdish-led forces, will come under state control, emphasizing unity and coexistence...
Company News
Latest News
Israel agrees ‘humanitarian pauses’ in Gaza to allow polio vaccinations
"The way we discussed and agreed, the campaign will start on the first of September, in central Gaza, for three...
Geostrategy
Investors hold breath as Nvidia earnings loom, stock markets subdued
Paris, France -- US shares fell marginally and European stock markets mostly inched higher Wednesday as investors cautiously awaited the latest...
Business
SpaceX postpones historic mission featuring first private spacewalk
United States -- SpaceX postponed once more its attempt at launching a daring orbital expedition featuring an all-civilian crew that...
Geostrategy
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Geostrategy
Iraq issues arrest warrants against two persons for ‘heist of the century’
Baghdad, Iraq -- An Iraqi criminal court on Tuesday issued arrest warrants for a businessman and a former government official wanted...
- The scandal, dubbed the "heist of the century", sparked widespread anger in Iraq, which is ravaged by rampant corruption, unemployment and decaying infrastructure.
- The criminal court issued the warrants for businessman Nour Zuhair and Haitham al-Juburi, a former adviser to then prime minister Mustafa al-Kadhemi.
Geostrategy
Egypt says will not accept Israeli force on its Gaza border
Cairo, a key mediator in efforts to secure a ceasefire between Israel and Hamas in Gaza, "reiterated to all parties...
- "Egypt is managing the mediation" between Israel and Palestinian militant group Hamas "in accordance with its national security", the source told Al-Qahera News.
- The negotiations, also mediated by Qatar and the United States, have yielded little hope for a ceasefire, though Washington said Friday that some progress had been made.
Business
UAE national carriers fly to 606 destinations as travel demand rebounds
Abu Dhabi, UAE -- UAE national carriers continued to expand their destinations for passengers, supported by the UAE's leading position...
- The carriers reached about 586 destinations at the end of last year 2023. The national carriers' destinations currently include more than 144 Emirates destinations.
- flydubai flies to 125 destinations in 58 countries across Africa, Central Asia, Central and Southeast Europe, the GCC, the Middle East.