Paris, France -- US shares fell marginally and European stock markets mostly inched higher Wednesday as investors cautiously awaited the latest earnings results from US chip giant Nvidia, a bellwether for the tech sector. Traders are also waiting for key US economic data later this week that could provide clues about...

United States -- SpaceX postponed once more its attempt at launching a daring orbital expedition featuring an all-civilian crew that is aiming to carry out the first-ever spacewalk by private citizens. The Polaris Dawn mission, organized by billionaire entrepreneur Jared Isaacman, had been set to lift off from NASA's Kennedy...

Baghdad, Iraq -- An Iraqi criminal court on Tuesday issued arrest warrants for a businessman and a former government official wanted over their alleged involvement in stealing $2.5 billion of public funds. The scandal, dubbed the "heist of the century", sparked widespread anger in Iraq, which is ravaged by rampant corruption,...

New York, United States - Global oil demand is unlikely to fall by 2050 despite progress on renewable energy, the US oil and gas giant ExxonMobil said Monday, pointing to rising population and demand for energy worldwide. In a new report, ExxonMobil said it "sees a plateau in oil demand beyond...

Abu Dhabi, UAE -- UAE national carriers continued to expand their destinations for passengers, supported by the UAE's leading position as a preferred global destination for tourism and business, as well as the recovery in travel demand. National carriers are expected to continue to fly to new heights of growth...

London, United Kingdom - One of Britain's biggest mobile network operators said on Sunday it will warn parents they should not give smartphones to children under the age of 11. The new guidance comes after growing concern from parents about the potential pitfalls of smartphone access for young people. A recent...

Paris, France - French police arrested Telegram chief executive Pavel Durov on Saturday at an airport near Paris for alleged offences related to the popular messaging app, officials said. The Franco-Russian billionaire, 39, was detained at Le Bourget airport north of the French capital on Saturday evening, one of the officials...

Hong Kong, China -- Chinese e-commerce giant Alibaba said Friday it would upgrade its Hong Kong-listed shares to primary status, opening it up to China's huge army of investors that could potentially rake in billions of dollars for the firm. The decision by shareholders during its annual general meeting Thursday will...

Beijing, China - China dominates the market for electric vehicles. Now it's chasing in the race to build battery-powered humanoids expected to replace human workers building EVs on assembly lines, Reuters reports. At the World Robot Conference this week in Beijing, over two dozen Chinese companies showed off humanoid robots...

Jerusalem, Undefined - As their first birthday approaches, the triplets Gaza-native Hanane Bayouk gave birth to in Jerusalem before the war have seen their mother just once, and she fears she will "die without them". The 26-year-old had to return to the Palestinian territory alone after giving birth to Najoua, Nour...

New York, United States - Boeing has suspended flight testing of its new 777X wide-body jet after identifying the failure of a part connecting the engine to the body of the aircraft, the latest in a long line of quality control issues for the troubled US aerospace giant. "During scheduled maintenance,...

Abu Dhabi, UAE-- Abu Dhabi Airports has expanded its existing collaboration with Paris Airports Group (ACG) to focus on collaborating on the creation of the ground infrastructure needed to provide advanced air transport applications in Abu Dhabi. Based on the agreement signed between the two parties on the sidelines of...

Paris, France -- The world's largest video game trade show, Gamescom, opens its doors on Tuesday in Germany at a sensitive moment for an industry battered by layoffs and studio closures. Organizers expect the event, which runs until Sunday in the western city of Cologne, to welcome more than 300,000 people as...

Washington, United States - Donald Trump has never lacked for self-confidence, but his presidential campaign has been sent into a tailspin by the extraordinary events of the past month, and suddenly he appears older, more awkward and grasping for direction. An assassination attempt, the shock withdrawal of Joe Biden from the...

Geneva, Switzerland -- The United Nations on Friday said a deadly Israeli settler attack on a Palestinian village in the occupied West Bank was "horrific" and that Israel had to end impunity. The UN human rights office said deadly violence in the Palestinian territory, that has increased since the start of...

Los Angeles, United States - Five people who allegedly supplied ketamine to "Friends" star Matthew Perry in a bid to exploit his drug addiction for profit have been charged in relation to his overdose death, US officials said Thursday. The actor died at his luxury Los Angeles home last year, sparking...

Palestinian Territories -- With Gaza largely in ruins after more than 10 months of war, the Hamas-run territory's health ministry has struggled to count the death toll, which on Thursday surpassed 40,000. Israel has repeatedly questioned the credibility of the daily figures put out by the ministry and US President...

Advanced blockchain analysis tools, such as those provided by Chainalysis, are empowering law enforcement agencies and enterprises to counter the threat ever more effectively

Dubai, UAE - Dubai's real estate market reached a new peak in July, with sales hitting an all-time high of AED50.1 billion ($13.6 billion). Although the market continued to grow, the year-on-year increase slowed to 33% from 53% in June, reflecting a high base effect from the same period in...

Geneva, Switzerland – A recent report by the World Economic Forum (WEF) highlights the growing concern that unequal access to green financing and technologies could worsen existing economic inequalities. The report, Accelerating an Equitable Transition: A Data-Driven Approach, stresses the urgent need for an institutional response to ensure that the...

Abu Dhabi, UAE -- The IPO market in the Middle East and North Africa (MENA) region remained resilient during the second quarter of this year, with 14 IPOs registering total proceeds of US$2.64 billion, up 45.3 percent compared to the same period last year. According to the Ernst & Young...

San Francisco, United States - US credit rating agency Fitch downgraded Israel a notch on Monday, warning that its ongoing conflict against Hamas in Gaza could last "well into 2025" and weigh on economic activity. Fitch lowered Israel's rating from "A+" to "A". "The conflict in Gaza could last well into...

Paris, France -- Uncertainty about Chinese economic growth is weighing on global oil demand this year, OPEC said on Monday, leading the producers cartel to slightly revise down the robust projections it made in July. "The world oil demand growth forecast for 2024 is revised down slightly by 135,00 barrels a...

San Francisco, United States - Tech pioneer and former YouTube chief Susan Wojcicki, who played an instrumental role in the rise of Google, has died at the age of 56 after battling lung cancer, her husband announced Friday. Wojcicki, one of the most prominent women in Silicon Valley, spent nearly two...

Paris, France - An infographic of a rat with a preposterously large penis. Another showing human legs with way too many bones. An introduction that starts: "Certainly, here is a possible introduction for your topic". These are a few of the most egregious examples of artificial intelligence that have recently made...

Washington, United States -- Flying can be a nerve-wracking experience for many people -- but a new study out Thursday finds commercial air travel keeps getting safer, with the risk of death halving every decade. The fatality rate fell to 1 per every 13.7 million passenger boardings globally in the 2018-2022...

Sydney, Australia - Australian airline Qantas scrapped its non-stop Perth to London flight Thursday, saying the decision was taken as a "precaution" due to tensions in the Middle East. The flight, usually a non-stop 17-and-a-half hour journey, will now refuel in Singapore, allowing it to carry a full load of passengers...

Kuwait: -- The oil and gas sector in Arab countries attracted 610 projects implemented by 356 foreign and Arab companies, with a total investment cost of US$ 406 billion between January 2003 and May 2024. The Arab Investment and Export Credit Guarantee Corporation (Dhaman) stated in its first sectoral report...

Cambridge, United Kingdom - Quantum computing promises society-changing breakthroughs in drug development and tackling climate change, and on an unassuming English high street, the race to unleash the latest tech revolution is gathering pace. The founder of Cambridge-based Riverlane, Steve Brierley, predicts that the technology will have its "Sputnik" breakthrough within...

Dhaka, Bangladesh -- Bangladesh Nobel winner Muhammad Yunus said Tuesday he is ready to head a caretaker government, a day after the military took control as mass protests forced longtime ruler Sheikh Hasina to flee. Microfinance pioneer Yunus, 84, is credited with lifting millions out of poverty -- earning the enmity...

Abu Dhabi, UAE -- The Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) and Miral will host Loop CEE, a luxury travel fair, for the first time in the Middle East. Titled “Loop Beyond Borders”, the event will be held from 15th-17th September 2024 at Saadiyat Rotana...

Rome, Italy -- G7 foreign ministers met by videoconference Sunday to discuss the Middle East and expressed "strong concern" over the threat of escalation, Italy's Foreign Minister Antonio Tajani said. "Together with our partners, we have expressed strong concern about recent events that threaten to determine a regionalization of the crisis,...

Geneva, Switzerland - The United Nations Satellite Centre (UNOSAT) has identified 46,223 destroyed structures, 18,478 severely damaged structures, 55,954 moderately damaged structures, and 35,754 possibly damaged structures, totalling 156,409 structures in the Gaza Strip. The large-scale infrastructure damage is the result of continuous Israeli attacks on the Strip, which have...

Riyadh, Saudi Arabia - Wego, the leading travel app and largest online travel marketplace in the Middle East and North Africa (MENA), has reported a significant increase in travel interest to India in the first half of 2024. Data from January to June 2024 shows a 40.71% year-on-year rise in...

Baghdad, Iraq -- Iraq signed an agreement with British energy giant British Petroleum on Thursday to develop four oil and gas fields in the northern province of Kirkuk. A memorandum of understanding was signed by Iraq's Oil Minister Hayan Abdel Ghani and BP's CEO Murray Auchincloss, Prime Minister Mohamed Shia al-Sudani's media...

Jerusalem, Undefined - The killing of Palestinian militant group Hamas's political leader Ismail Haniyeh in Iran could embolden hardliners in the Islamist movement and risks retaliations against Israel, analysts say. Almost 10 months into the latest Gaza war, with no ceasefire deal in sight, here is what to expect. Who will...

Paris, France -- World Rally Championship announced Wednesday that it will add races in Saudi Arabia, the Canary Islands and Paraguay to its calendar next year. Rally Saudi Arabia will end the season on November 27-30 with the event in the Spanish archipelago on April 24-27 and the race in South...

Dubai, UAE - Dubai has reinforced its position as a global tourism leader by welcoming a record 9.31 million international overnight visitors in the first half of 2024, marking a 9 percent increase from the 8.55 million visitors during the same period in 2023. The achievement is aligned with the...

Dubai, Saudi Arabia - Dubai Financial Market (DFM) today announced its consolidated financial results for the period ended June 30, 2024, with net profit before tax growing to AED 195.4 million (USD 53.2 million), marking a significant 74 percent increase over the same period in 2023. The first half of...

Riyadh, Saudi Arabia -- The Saudi Red Sea Authority (SRSA), in collaboration with the Ministry of Tourism, has implemented two pioneering initiatives that focused on training human resources in working in luxury coastal resorts and travel agencies according to the best international practices.One of the initiatives targeted 1,059 trainees working...

Beirut, Lebanon -- Air France and the German airline group Lufthansa said Monday they were suspending flights to Beirut after Israel threatened reprisals for a deadly rocket strike launched from Lebanon. Lufthansa services would be halted up to and including August 5 due to "current developments in the Middle East", a...

Amman, Jordan - Jordan's Umm al-Jimal village has been added to UNESCO's World Heritage List, in a move hailed on Sunday by the country's tourism and antiquities minister as a "great achievement". UNESCO, which is hosting a meeting of its World Heritage Committee in New Delhi, said on X on Friday...

Washington, United States -- It's the case of the vanishing startup: some of Silicon Valley's most promising names in the fast-developing generative AI space are being gobbled up by or tied to the hip of US tech giants. Short on funds, in the past few months promising companies like Inflection AI...

New Delhi, UAE - The number of Indians living in the Gulf Cooperation Council (GCC) countries has crossed nine million, India's Minister of State for External Affairs, Kirti Vardhan Singh, told Parliament yesterday. Indians are employed in a wide range of professions from highly qualified fintech, healthcare, information technology, engineering...

Led by GACA President, the meeting featured the British Ministry of Transport, the SBJBC, and key aviation industry leaders.

Paris, France - The world's richest one percent increased their fortunes by a total of $42 trillion over the past decade, Oxfam said Thursday, ahead of a G20 summit in Brazil where taxing the super-rich tops the agenda. Despite this windfall, taxes on the rich had plummeted to "historic lows", the...

Riyadh, Saudi Arabia -- For Hamed al-Rafidain, a Saudi human resources worker, an electric vehicle offers welcome savings, especially since his other car is a fuel-guzzling four-wheel drive favored by motorists in the desert kingdom. The 39-year-old is part of a small but growing EV consumer base in Saudi Arabia, which...

Riyadh, Saudi Arabia -- The Saudi Red Sea Authority, in cooperation with the Ministry of Tourism, has launched the "Seas of Excellence" training program to improve the quality of tourism services and adopt international best practices to deliver a luxurious coastal tourism experience.Minister of Tourism Ahmed Al-Khateeb attended the launch...

Skopje – Islamic Union President and Republic of North Macedonia Mufti Sheikh Hafiz Şakir Fetahu stressed that Saudi Arabia has become a center for promoting the values of moderate Islam worldwide and serves as a model, especially in eastern European countries. In a press statement, he noted that the signing...

New York, US -- Luxury hospitality group Equinox Hotels has announced plans for the opening of Equinox Resort Treyam, one of Magna's twelve destinations, located on the coast of the Gulf of Aqaba. Magna's destinations, including Treyam, are part of NEOM, the evolving regional development, taking shape in northwest Saudi...