Saudi launches Damascus area reconstruction project
Damascus, Syria -- Saudi Arabia announced on Sunday humanitarian projects for Syria including the removal of wartime rubble around Damascus, weeks after inking investment deals worth billions to help rebuild the country's infrastructure. The oil-rich Gulf kingdom has been a major backer of the new Syrian government, which came to...
Is Musk’s million-dollar US voter lottery legal?
Donald Trump surrogate Elon Musk's offer of a million dollars to one registered voter in a swing state every day until the US Election Day on November 5 has raised questions about the legality of such a moveWealthy Israelis offer rewards for release of Gaza hostages
Jerusalem, Undefined - Frustrated with the dwindling prospect of reaching a ceasefire deal in the year-long Gaza war, some Israeli entrepreneurs have sought a different avenue to release hostages -- offering a financial reward for those who choose to free them.Former SodaStream CEO Daniel Birnbaum told AFP Monday he had received...Microsoft unveils autonomous AI agents for business tasks
San Francisco, United States - Microsoft on Monday said it was enhancing its AI offerings with new autonomous agent capabilities as the tech titan aims to accelerate business adoption of artificial intelligence.AI agents are specialized programs designed to perform routine tasks autonomously, such as sifting through sales leads or handling customer...Updates: Israel hits more targets in Lebanon as Blinken travels to Middle East to push for truce
Lebanon says four people were killed including a child in the latest Israeli strikes as Tehran says the United States will bear "full responsibility" if Israel attacks Iran.ADNEC to acquire ‘Royal Catering’
Royal Catering has more than 2.500 employees.In escalation, Israel bombs Hezbollah-linked finance group
-Israel began bombing Lebanese branches of an association accused of financing the Iran-backed Hezbollah movement, Lebanese state media reported late Sunday, a further escalation of Israel's nearly month-long war against the militantsBRICS integral to Arab trade diversification strategy
The UAE and Saudi Arabia’s trade with China and India far exceeds their trade with the US and UK. This shift highlights the growing importance of BRICS partners in the Arab economic strategy, signaling a rebalancing of trade priorities to ensure sustainable growth, economic resilience, and diversified global partnerships.China’s central bank cuts two key rates to boost economy
Beijing, China - China's central bank on Monday said it had cut two key interest rates to historic lows, in the latest move by Beijing to boost sluggish spending and kickstart the world's second-largest economy.The cuts come just days after the country posted its slowest quarterly growth in a year and...Oil-rich Iraqi Kurdistan votes, shadowed by economic struggles
The KDP is the largest party in the outgoing parliament, with 45 seats against 21 for the PUK. The KDP's majority was assured by an alliance with deputies elected via a quota reserved for Turkmen, Armenian and Christian minorities. Iraqi court rulings have reduced the number of seats in the Kurdish...Putin thanks UAE president for positive role in prisoner exchange with Ukraine
UAE President Sheikh Mohamed meets his Russian counterpart Vladimir Putin to discuss bilateral ties and Middle East. Sheikh Mohamed will also attend BRICS Summit in the Russian city of Kazan.PIF sets up sarcc company
The new entity will address growing staff accommodation demand.UN biodiversity conference in Colombia: what’s at stake?
Paris, France - The world's pledges to halt humankind's destruction of nature will be put to the test when the 16th UN conference on biodiversity opens Monday in Colombia.The COP16, held in the city of Cali through November 1, is the first meeting of the international community since the adoption two...Israeli attack kills 73 in north Gaza as Netanyahu says Hezbollah tried to kill him
War in the Middle East continues as Israeli attack kills 73 in northern Gaza while Israeli Prime Minister Netanyahu says that Hezbollah tried to kill him.Updates: Israeli attack kills 33 people in Gaza refugee camp as Hamas mourns Sinwar
As Israel continues to pound Gaza, Lebanon, and West Bank, Turkey's Erdogan conveys his condolences to Hamas officials over Sinwar's death and in a rare gesture Lebanon's caretaker PM Mikati rebukes Iran.States helping Israel’s occupation may be ‘complicit’: UN experts
"Israel's internationally wrongful acts give rise to state responsibility, not only for Israel, but for all states," said Navi Pillay, head of the United Nations Independent International Commission of Inquiry. The commission has published a new legal position paper spelling out specific actions required following a recent advisory opinion from...Drought forces Big Tech to rethink thirsty LatAm data centers
A prolonged drought in much of South America has forced tech giants Google and Amazon to rethink their plans for water-guzzling data centersGold breaks above $2,700 to record high as geopolitical uncertainty heightens
Hong Kong, China - Gold prices hit a record high above $2,700 on Friday as traders piled into the safe-haven commodity at a time of heightened geopolitical uncertainty, including in the Middle East after Israel said it killed Hamas chief Yahya Sinwar.Bullion hit an all-time high of $2,704.89 in early Asian...Netflix adds millions of subscribers but growth slows
San Francisco, United States - Netflix on Thursday said it added more than five million subscribers in the recently ended quarter but signaled slowing growth.The streaming juggernaut said it ended September with 282.7 million subscribers, reporting a profit of $2.4 billion on revenue that jumped 15 percent compared with the same...‘Starvation tactics’ being used against 25 million people in Sudan
UN experts on Thursday accused the two sides in Sudan's civil war of using "starvation tactics" against 25 million civilians, leaving 97 percent of the population facing " "severe levels of hunger". Expert said: "Never in modern history have so many people faced starvation and famine as in Sudan today."Hamas leader Yahya Sinwar killed in Gaza as Iran issues fresh warning over Israeli retaliation
Israel and the US government officials express "relief" at the death of Hamas leader Yahya Sinwar. He became the militant group's overall leader in August after the killing of political chief Ismail Haniyeh in Iranian capital city Tehran on July 31, 2024.Major tech companies turn to nuclear energy to power data centers and AI initiatives
Firms such as Amazon, Microsoft, and Google are now looking to outgun each other to tap atomic energy, while Goldman Sachs says that data centers will consume eight percent of the US power by 2030, up from three percent in 2022.“Sextortion” of teens puts Instagram in trouble; Meta announces new combat measures
Instagram and Facebook's parent company Meta accepts the rise of child/teen predators on Instagram and subsequently announces measures to battle criminals.UN report says 1.1 billion people in acute poverty
More than one billion people are living in acute poverty across the globe, a UN Development Program report said Thursday, with children accounting for over half of those affected. The index uses indicators such as inadequate housing, sanitation, electricity, cooking fuel, nutrition and school attendance.Escalating Conflict: Israel strikes Hezbollah in Lebanon killing mayor war
Hezbollah claimed it destroyed an Israeli tank using a guided missile, while Israel reported killing Hezbollah leader Jalal Mustafa Hariri in Qana, heightening regional tensions.Asian markets track Wall Street losses on worries over tech rally
Hong Kong, China- Asian markets mostly fell on Wednesday after a tech-led sell-off on Wall Street fueled by worries about the sustainability of the AI rally, while oil prices clawed back some of the previous two days' hefty losses.Traders were keeping tabs on China after Beijing said its housing minister would...Netanyahu rejects ceasefire’ in Lebanon, Hezbollah threatens to expand the scope of its missile strikes across Israel
In a call with French President Emmanuel Macron, Netanyahu said he was "opposed to a unilateral ceasefire, which does not change the security situation in Lebanon, and which will only return it to the way it was", according to a statement from his office.Deals worth $4.26 billion signed at inaugural Global Logistics Forum
Riyadh, Saudi Arabia -- More than 65 agreements and Memoranda of Understanding worth SAR 16 billion were signed at the inaugural edition of the Global Logistics Forum 2024 that was held in Riyadh from October 12 to 14.The forum, inaugurated by Minister of Transport and Logistic Services Saleh Al-Jasser, was...WEF Global Future Councils meet in Dubai to tackle pressing global issues
More than 500 experts are expected to attend the meeting. Amid a rapidly shifting global landscape of geopolitical tensions, climate emergency and economic inequality, the meeting will provide a crucial space for collaborative, innovative thinking.Netanyahu assures Biden, Iran counterstrike will only target military sites as war spreads to Lebanon and Gaza
US officials, citing Netanyahu’s pledge, reported relief in Washington as Israel’s counterstrike on Iran will not target oil or nuclear sites, easing fears of an energy crisis and broader conflictIsrael strikes Lebanon after Netanyahu vows no mercy for Hezbollah
srael's military launched strikes Tuesday on eastern Lebanon, as Hezbollah fought Israeli soldiers after Prime Minister Benjamin Netanyahu vowed no mercy for the militant group saying "We will continue to mercilessly strike Hezbollah in all parts of Lebanon"Can biodiversity credits unlock billions for nature?
Paris, France - For supporters, biodiversity credits could unlock billions in much-needed funding for nature, but critics fear a repeat of scandals that have dogged other financial approaches to protecting the environment.Paying to safeguard tropical rainforests or compensate for habitat destruction is an area of growing interest, and trading credits in...Trio wins economics Nobel for insights into income inequality
By examining the various political and economic systems introduced by European colonizers, the three have demonstrated a relationship between societal institutions and prosperity, the jury said. "Reducing the vast differences in income between countries is one of our time's greatest challenges," Jakob Svensson, chair of the Committee for the Prize...OPEC lowers 2024 oil demand forecast, citing robust non-OECD activity
According to the organization's October report, the total world oil demand is anticipated to reach 105.6 mb/d in 4Q-24, to average 104.1 mb/d in 2024, bolstered by strong air travel demand and road mobility, including trucking, as well as healthy industrial, construction and agricultural activities, primarily in non-OECD countries, added...Tech helps Singapore economy top forecasts in third quarter
Singapore's economy grew more than expected in the third quarter as a rush for everything related to artificial intelligence drove up demand for computer chipsHezbollah drone strike kills four, wounds dozens at Israeli base, US sending more air-defences
Hezbollah announced late Sunday that it launched a "squadron of attack drones" at the Binyamina camp, 30 kilometers south of Haifa, in retaliation for Israeli strikes, including Thursday's air raids that killed at least 22 people in central Beirut.UN raises alarm over catastrophe amid ongoing Israeli strikes on Gaza, Lebanon
With Israel ramping up strikes on Lebanon and Gaza, the UN warns of a potentially catastrophic regional conflict, highlighting the rising civilian toll and displacement.China unveils major bond plan to revive economy and property market
The plan is part of a series of actions undertaken by Beijing to draw a line under a years-long property sector crisis and chronically low consumption that has plagued the world's second biggest economy.Boeing to cut 10% of workforce
The aviation giant has projected a large third-quarter loss.World merchandise trade to rise by 2.7% in 2024: Global Trade Outlook
There was a 2.3% year-on-year increase in the first half of 2024 and WTO economists anticipate the volume will increase by 2.7% in 2024 and 3 percent in 2025. Asia’s exports will grow faster than those of any other region this year, rising by as much as 7.4 percent. It...Blinken says US wants Lebanon solution, not ‘broader conflict’
"So Israel has a clear and very legitimate interest in doing that. The people of Lebanon want the same thing. We believe that the best way to get there is through a diplomatic understanding, one that we've been working on for some time, and one that we focus on right...Boeing to cut 10% of workforce
The company has projected a large third-quarter loss.Japanese group wins peace Nobel, says Gaza like Japan 80 years ago
Nihon Hidankyo, a grassroots movement of atomic bomb survivors from Hiroshima and Nagasaki, also known as Hibakusha, received the honor "for its efforts to achieve a world free of nuclear weapons and for demonstrating through witness testimony that nuclear weapons must never be used again.European Mediterranean states to discuss Middle East, migration
Leaders from nine European countries around the Mediterranean Sea are set to meet in Cyprus on Friday October 11 to discuss the ongoing wars in the Middle East, which they are affected by but have limited ability to influence.Riyadh Season 2024 signs sponsorship agreements with local, global partners
Riyadh, Saudi Arabia-- A signing ceremony for Riyadh Season 2024 sponsorships was held on Thursday at Via Riyadh.General Entertainment Authority (GEA) Chairman Turki bin Abdulmohsen AlalShikh and Minister of Tourism Ahmed Al-Khateeb signed a sponsorship agreement with the Saudi Tourism Authority as an official partner of the season. AlalShikh also...Erdogan says Gaza ‘shame of humanity’, calls for permanent ceasefire
Tirana, Albania - Turkey's President Recep Tayyip Erdogan renewed his attacks on Israel as he arrived in Tirana Thursday, the first stop of a Balkans tour that will also take him to Serbia.Repeating his claim that Israel's actions in Gaza constituted "genocide", he branded it the "shame of humanity", at a...Details: Fresh Israeli attacks kill more Lebanese as Europe flays Netanyahu over strike against UN
Israel attacks Lebanon killing dozens and injuring more than 100 people, while Joe Biden calls Netanyahu a "liar" and Amnesty says Israel evacuation orders are "misleading" and "inadequate".UN probe accuses Israel of seeking to ‘destroy’ Gaza healthcare
"Israel has perpetrated a concerted policy to destroy Gaza's healthcare system as part of a broader assault on Gaza," the United Nations Independent International Commission of Inquiry said in a statement.WTO predicts modest trade growth for 2024-25 amid geopolitical risks
In 2024 and 2025, inflation is expected to gradually abate, allowing real incomes to grow again in advanced economies, boosting consumption of manufactured goods. “A recovery of demand for tradable goods in 2024 is already evident. This is related to an increase in household consumption linked to improved income prospects.,"...Asia-Pacific markets gain ahead of US inflation data
Asia-Pacific markets traded higher on Thursday, following gains on Wall Street that saw the S&P 500 and Dow Jones Industrial Average reach new records as investors shrugged off geopolitical concerns, according to a media report.US warns Israel not to repeat Gaza destruction in Lebanon
Netanyahu said in a video address addressed to the people of Lebanon on Tuesday: "You have an opportunity to save Lebanon before it falls into the abyss of a long war that will lead to destruction and suffering like we see in Gaza." He added: "Free your country from Hezbollah...