Dubai, UAE -- KPMG Lower Gulf has been ordered by a Dubai court to pay more than $231 million to a group of investors who claim they lost money because of poor-quality audit work by the firm on a fund they were invested in. The judgment, issued late last month,...

The PKK, which Ankara and its Western allies classify as a "terrorist" organisation, operates rear bases in Iraq's north. Since 1984 the PKK has waged an insurgency in Turkey that has claimed tens of thousands of lives, and Ankara has long maintained military positions inside northern Iraq where it regularly...

The 15th consecutive week of protest came after Prime Minister Benjamin Netanyahu on March 27 announced a "pause" to allow for dialogue on the reforms which were moving through parliament and split the nation. "Let's save democracy" read signs in a sea of Israeli flags waved by demonstrators. AFP journalists...

Brussels, Belgium--Depending on which side you're on, tech giant Microsoft is either the hero fighting to bring some of the most popular video games to more people, or the villain on the brink of killing competition in the sector. The Xbox-owner has embarked on a campaign to convince all three EU,...

BERLIN, GERMANY - Germany will switch off its last three nuclear reactors on Saturday, exiting atomic power even as it seeks to wean itself off fossil fuels and manage an energy crisis caused by the war in Ukraine. While many Western countries are upping their investments in atomic energy to reduce...

Sapporo, Japan--G7 allies kicked off two days of "difficult" climate talks in northern Japan on Saturday, facing pressure to show progress on key fossil fuel commitments in an example to other major economies including China. Campaigners have warned climate and environment ministers from the group of developed countries against backsliding on...

Tripoli, Libya -- Libyan security forces said Thursday they had arrested a second US citizen for alleged Christian proselytizing in the North African Muslim nation. The arrest came a day after another US citizen, who was also teaching at the same private language school in the capital Tripoli, was detained...

ABU DHABI, UAE - ADNOC Logistics & Services (ADNOC L&S), the shipping and maritime logistics arm of ADNOC, announced on Thursday the deployment of five new-build Very Large Gas Carriers (VLGC). The gas carriers were built at Jiangnan Shipyard in Shanghai, China, and will be owned and operated by AW...

Even before the roasting summer months, the soil is dry and dusty in the small Mediterranean country, whose water resources are steadily depleting as climate change intensifies. With some Tunisian water reservoirs almost completely dry, authorities imposed emergency measures last month, rationing household supplies and banning water use for washing...

Tunisia's Saied had said last month he planned to restore diplomatic relations with Syria. Tunisia expelled Syria's ambassador in 2012 over the government's repression of peaceful protesters that triggered more than a decade of civil war which has killed around half a million people and displaced millions more since 2011.

RAS AL KHAIMAH, UAE - Ras Al Khaimah Economic Zone (RAKEZ) received the 'Best RPA Excellence Award' during the Future Data Summit 2023 for its outstanding implementation of robotic process automation (RPA) in visa-related services offered by its government services department. In a bid to enhance the speed of services...

The Republican real estate magnate, who is facing 34 felony counts in New York over alleged hush money paid to an adult film actress, told Fox News anchor Tucker Carlson that nothing would prevent him from running -- even a conviction. The interview, part two of which is expected to...

Musk has bought thousands of powerful, costly computing processors and hired AI engineering talent, Insider reported, while another tech-focused outlet, the Information, said the entrepreneur has floated the idea of starting a rival to ChatGPT. Meanwhile, Musk has slashed staff at Twitter as part of dramatic cost cutting since his...

Jerusalem, Undefined - Israeli forces killed two Palestinians in the occupied West Bank on Tuesday, Israel's defense minister Yoav Gallant said. "I commend the actions of the soldiers who eliminated two terrorists who opened fire on them near Elon Moreh" an illegal Jewish settlement near the West Bank city of Nablus,...

At a time when many Western countries are ramping up nuclear power in their transition to greener energy sources, Europe's biggest economy is resolutely sticking to its plans -- though not everyone is in agreement. Germany has been looking to phase out nuclear power since 2002, but the decision was...

During this week's session, lawmakers will have to endorse the guarantees, but the vote is only symbolic, said Samuel Bendahan, a National Council member and an economics professor at the University of Lausanne's business school. Parliament cannot cancel the government's decision taken under emergency law, and "the money has already...

BAGHDAD, IRAQ - The World Health Organization (WHO) affirmed it is likely to support Iraq in the localization of its pharmaceutical industry, local media reports say.WHO official Ahmed Zueiten, said, “I spoke with Prime Minister Muhammad Shia al-Sudani about the partnership between Iraq and global health.” He said, "The organization...

ABU DHABI, UAE - The Environment Agency - Abu Dhabi (EAD) has introduced the Strategic Environmental Assessment (SEA) planning program in line with UAE's Year of Sustainability. SEA will aid in evaluating environmental impacts and guiding the investigation of alternatives and potential mitigation and monitoring efforts associated with strategic projects,...

Careem’s ride hailing business will remain fully owned by Uber and continue to be available with all other Careem services on the existing app for customers.

Shopping online at Temu, Laurie Silva paid just $1.25 for earrings and $15 for a cardigan -- she is among millions of US consumers the Chinese platform is wooing with low-cost bargains and a dizzying array of products. Temu topped US app download rankings in early April, a spot it...

Cairo, Egypt-- Egypt's financial inclusion has widened as total ownership of transactional accounts reached 64.8 percent of the total 65.4 million eligible adult population at the end of 2022. The financial inclusion, according to the country's central bank, increased 147 percent between 2016 and 2022 to 42.3 million citizens who...

Washington, United States-- The World Bank and International Monetary Fund's spring meetings get underway later this week with an ambitious reform and fundraising agenda likely to be overshadowed by concerns over high inflation, rising geopolitical tension and financial stability. "Growth remains historically weak -— now and in the medium term," IMF...

MUSCAT, OMAN  -   Oman Ministry of Commerce, Industry and Investment Promotion on Sunday  issued an order to regulate the activities of consumer cooperatives. The order aims at promoting Omani products, establishing new supply chains, supporting national industries, developing governorates and providing new investment opportunities. The regulation consummates the "National Product...

Federal data shows that some depositors at small banks did head for the exits, moving some $120 billion in a single week into larger banks sometimes viewed as too big to fail. But minnows like Leader Bank of Massachusetts and Heritage Bank of Minnesota also have a solution to the...

Swiss Finance Minister said that the government had acted in the country's best interests in swiftly arranging the takeover of Switzerland's second-biggest bank by its larger domestic rival UBS. Amid fears of a global banking crisis last month, investor confidence in Credit Suisse collapsed on March 15, with the government...

Tehran, Iran--Police in Iran said on Saturday they plan to use "smart" technology in public places to identify and then penalise women who violate the country's strict Islamic dress code. A statement said the force would "take action to identify norm-breaking people by using tools and smart cameras in public places...

Doha, Qatar-- Qatar Central Bank has reported an increase in international reserves and foreign currency liquidity in March to $65 billion, an increase of 11.7 percent, compared to $58 billion in the same month last year. The figures issued by the Qatar Central Bank today showed an increase in its...

Ajman, UAE – The industrial sector contributes approximately 20 percent to Ajman's GDP and is one of the sectors that the emirate is focused on developing through various partnerships, including strategic collaboration with the Ministry of Industry and Advanced Technology, Director-General of Ajman Department of Economic Development (DED) Abdullah Ahmed...

Abu Dhabi, UAE - The UAE and Vietnam signed Thursday a declaration of intent to start negotiations for a comprehensive economic partnership agreement (CEPA). The document was signed by Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, and Nguyen Hong Dien, Minister of Industry and Trade of...

ByteDance's success in China's highly competitive internet sector has been largely thanks to its popular short video app Douyin.

Shareholders of both banks had no say in the mega-merger, which was engineered by the Swiss government, the central bank and the financial regulators FINMA. The UBS annual general meeting comes the day after Credit Suisse held its stormy final AGM.

Paris, France--Earth had its second-warmest March on record with Antarctic sea ice shrinking to its second-lowest extent, the EU's climate monitoring agency said on Thursday. "The month was jointly the second warmest March globally," said a report from the Copernicus Climate Change Service. The report is based on computer-generated analyses...

Beijing, China--French and EU leaders will on Thursday seek to make Europe's case for bringing an end to the conflict in Ukraine in a Beijing meeting with Xi Jinping, a close ally of Vladimir Putin. French President Emmanuel Macron and European Commission chief Ursula von der Leyen will be greeted late...

Meta is accused of exploiting its dominant position in the market "by asking SIAE to accept an inadequate economic offer, but without providing the appropriate information to assess its actual fairness," the watchdog said.

Products like the hugely successful iPhone meant Apple presided over a "wide-ranging digital ecosystem which is of great importance to competition" in Germany and worldwide, Federal Cartel Office chief Andreas Mundt said in a statement.

All eyes are on whether Apple will commit to releasing long-rumored VR or augmented reality (AR) "goggles" at its annual Worldwide Developers Conference in June, with programmers and software companies eager to get a jump start on providing content. Apple chief Tim Cook fueled the speculation this week in a...

Paris, France--French energy giant TotalEnergies announced Wednesday an agreement with Iraq on a $10 billion project that had been delayed due to disagreements over the terms of a deal aimed at improving the country's electricity supply. The contract, originally signed in 2021, includes investments in oil, gas and solar production. But...

New York, United States--US pharmaceutical giant Johnson & Johnson on Tuesday proposed an $8.9 billion settlement to resolve years-old lawsuits claiming that its talcum powder products caused cancer. The New Jersey-based company said the proposed settlement, which still needs the approval of a bankruptcy court, "will equitably and efficiently resolve all...

Damascus, Syria - An Israeli air strike on Tuesday killed two Syrian civilians, state media reported, the fourth such attack on government-held areas of the war-torn country in less than a week. During more than a decade of civil war in Syria, Israel has launched hundreds of air strikes on its...

The deal, thrashed out in talks between federal and regional officials, spells the end of independent oil exports by the Kurdish regional government and marks a clear limit to its autonomy.

Hong Kong, China--Chinese property developer Evergrande said it has entered into a restructuring agreement with a group of international creditors, in what could be a breakthrough deal toward easing the developer's massive debt. Once China's largest real estate company, Evergrande was found in 2021 to be drowning in more than $300...

Sunday's attack comes amid increased Israeli air strikes on Syria. The air strike near the western Syrian city of Homs was Israel's third since early Thursday, after the capital Damascus was targeted that morning and early Friday.

As part of the Artemis program, NASA aims to send astronauts to the Moon in 2025 -- more than five decades after the historic Apollo missions ended in 1972. Besides putting the first woman and first person of color on the Moon, the US space agency hopes to establish a...

Tokyo, Japan--Japan's largest manufacturers feel less optimistic about business conditions with confidence falling to its lowest level in more than two years, a key survey showed Monday. The Bank of Japan's closely watched quarterly Tankan survey is considered the broadest indicator of how Japanese businesses are faring. It reports the...

Cairo. Egypt - The Egyptian President Abdel Fattah al-Sisi is planning to hold a meeting with his Syrian counterpart Bashar Al-Assad towards the end of April, Wall Street Journal reported on Sunday.  Cairo and Damascus are in the process of restoring diplomatic ties and the high-level meeting is expected to...

On Sunday, his attorney Joe Tacopina bluntly dismissed the anticipated charges -- related to a hush-money payment to an adult film star in 2016 -- as "some twilight zone sort of scenario" in an "upside down world."

DUBAI, UAE - A UAE group highlighted its technological programs and initiatives aimed at boosting the educational system and reviewed cutting-edge educational technology (EdTech) solutions in UK. The group took part in the education technology exhibition and conference – the British Educational Training and Technology Show – (Bett) held in...

Sustainable aviation fuels are being made from different sources such as municipal waste, leftovers from the agricultural and forestry industry, crops and plants, and even hydrogen.

The Syrian Observatory for Human Rights, a Britain-based war monitor, said the strikes targeted several military positions of Syrian government forces and pro-Iran groups in Homs. The NGO said explosions rocked the city and a fire broke out in a research centre, with ambulances heading to the scene of the...

GENEVA, SWITZERLAND - The WTO’s annual Public Forum 2023 will focus this year on how trade can contribute to a greener, more sustainable future. The Forum will examine in particular how the services sector, digitalization and inclusive trade policies can support global environmental goals and help combat the climate crisis....