Algeria’s Tebboune re-elected president for second term
That year, Tebboune became president after widely boycotted elections and mass pro-democracy protests from 2019 that died out under his tenure as policing ramped up and hundreds were put in jail. More than 24 million Algerians were registered to vote, but ANIE didn't say how many people in total had...Iran’s president to visit Iraq on first foreign trip, sign MoU on security
Tehran, Iran -- Iran's President Masoud Pezeshkian will visit neighboring Iraq on Wednesday, state media reported Sunday, in what will be his first trip abroad since he took office in July. Pezeshkian will head a high-ranking Iranians delegation to Baghdad to meet senior Iraqi officials. The visit comes at the invitation...Saudi surpasses Vision 2030 tourism target, says IMF report
Tourism is a major contributor to the Kingdom's economic diversification efforts, the IMF notes in its 2024 Article IV Consultation report. Tourism revenues reached $36 billion in 2023.‘Beautiful thing’: hijab-wearing singer looks to inspire
Dubai, United Arab Emirates - In a Dubai recording studio, hijab-clad Ghaliaa Chaker tunes her guitar and belts out original songs as she builds a career that is turning heads for more than just her music. The 26-year-old Syrian, who was raised in the United Arab Emirates, has become a social...UAE’s Etihad finds ‘no issues’ with engines of A350 fleet: statement
Rolls-Royce said on Thursday it was launching "a one-time precautionary engine inspection programme" which may apply "to a portion of the A350 fleet". The first A350 was delivered to Qatar Airways at the end of 2014. A total of 87 A350-1000 aircraft are currently in service worldwide.Domestic worker visa applications in UAE up 66% in June 2024, says a report
The UAE, relying on domestic workers (5% of the population), invests $3 billion annually, highlighting the rising demand for domestic help among local and expatriate families.Market capitalization of 20 UAE listed firms reaches $762 billion
Abu Dhabi, UAE -- The market capitalization of the top 20 listed companies in the local stock markets by market capitalization reached AED 2.8 trillion ($762.44 billion) by the end of this week, while further growth is expected in line with the markets' plans to double their market capitalization to...Global stock markets wobble as investors weigh US jobs data
Since US Federal Reserve Chairman Jerome Powell stated last month that the time for interest rates to begin coming down and the pace would depend on economic data, investors have been keenly awaiting the latest jobs numbers. Dismal July job figures caused markets to panic last month.Iraqi date farmers fight drought to protect national treasure
Janājah, Iraq - Bare feet pressed against the rough trunk of a palm tree, his back supported by a metal and fabric harness, Ali Abed begins the climb to the dates above. In Iraq, the date palm and its bounty are national icons, but they are being battered by drought. Once...Hamas urges US pressure on Israel over Gaza truce
Palestinian Territories - Hamas called on the United States Thursday to "exert real pressure" on Israel to reach a Gaza ceasefire agreement as Prime Minister Benjamin Netanyahu said there was no deal in the making. The two sides have traded blame over stalling talks for a ceasefire and hostage exchange...China’s Xi promises US$50 billion for Africa over next three years
China, the world's number two economy, is Africa's largest trading partnerUAE launches national strategy to combat money laundering, terror financing
The strategy focuses on risk-based compliance, international cooperation, effective supervision, and disrupting illicit financial activities through improved data collection, analysis, and regulation updates.How Pakistan is becoming a top tech hub in the GCC
Pakistan's IT sector is thriving, with growing exports and recognition as a tech hub, driven by government support, skilled talent, and strategic GCC collaborations.Pressure piles on Israel’s Netanyahu over Gaza
Israeli Prime Minister Benjamin Netanyahu faces mounting international and domestic pressure after the killing in Gaza of six captives, with US President Joe Biden saying he is not doing enough to secure the release of hostages. Britain said Monday it would suspend some arms exports to Israel, citing a "clear...In the heart of Beirut, one family upholds a unique dessert tradition
Beirut, Lebanon - At a shop nestled in a busy, crowded Beirut district, Hasan El-Makary is weighing out containers of warm, fragrant mufataka, a traditional sweet in the Lebanese capital that is rarely found in stores. "I've been in this shop for 50 years, but we started specialising in mufataka 30...Two ships hit off rebel-held Yemeni region: maritime agencies
The Houthis said in a statement they had targeted the Blue Lagoon with "missiles and drones, and it was directly hit". The JMIC, run by a 45-member international naval coalition, said the tanker "was subject to three ballistic missile attacks. All crew on board are safe (no injury reported)".Biden, unions pile pressure on Netanyahu for hostage release deal
Jerusalem -- Pressure mounted Monday on Israeli Prime Minister Benjamin Netanyahu as a major strike was held and US President Joe Biden said he was not doing enough to secure the release of Gaza hostages, following the killing of six captives. Israelis were gripped by grief and fury after the...Bahrain to introduce minimum tax for large multinationals
Beginning in January 2025, the measure will place a minimum tax of 15 percent on revenues over 750 million euros ($830 million) generated in the country, the Bahrain News Agency (BNA) reported. The move aligns Bahrain with the standards of the Organization for Economic Co-operation and Development (OECD) which spearheaded the global...Saudi Business Council established to strengthen Eastern European partnerships
The council aims to align its focus with Saudi Arabia’s Vision 2030 and the economic agendas of Eastern European countries, promising significant prospects for Saudi investorsIsrael set for general strike after Gaza hostages found dead
A nationwide strike aimed at ramping up pressure on Israel's government to secure the release of the remaining hostages in Gaza was set to begin Monday. The call by Israel's largest union to paralyse the economy follows a night of massive demonstrations, with tens of thousands of protesters taking to...Real-time carbon footprint data crucial for effective actions, reducing emissions
AI-powered tools are crucial for measuring emissions accurately, enhancing accountability in achieving climate goals, Naim Yazbeck, the General Manager of Microsoft UAE, told TRENDS in an exclusive interview.Major Qatari plant to double solar capacity by 2030: Energyminister
Doha, Qatar -- A large new solar plant planned in Qatar will double the Gulf emirate's previously projected renewable energy capacity by 2030, Qatari Energy Minister Saad al-Kaabi announced on Sunday. The photovoltaic farm, which will be built in the Dukhan area some 80 kilometers (50 miles) west of the capital...Israel set for general strike after Gaza hostages found dead
"I have come to the conclusion that only our intervention can shake those who need to be shaken," Arnon bar David, chairman of Israel's powerful Histadrut trade union said in a statement. "Starting tomorrow at six in the morning, the entire Israeli economy will go on complete strike."Bosnia and Egypt clinch crucial wins in Paralympic sitting volleyball
Since first qualifying for the Paralympics in 2000, Bosnia have never finished outside of the podium and they made a big move to maintaining that record when they sealed their second Pool A win in as many matches. "We hoped this was going to be much easier," said Bosnia's Stevan...COP29 finance draft: Arab nations ask developed nations to commit $441bn
Paris, France -- The UN has published a draft on climate financing due to be presented at the COP29 in November, laying out the conflicting positions from which the main country blocs will try to clinch the next climate deal. The document, which AFP consulted Friday, is the basis for negotiating...West Bank city ‘cut off from the world’ as Israeli assault drags on
Jenin governor Kamal Abu al-Rub told AFP that even he does not know exactly what is happening inside the camp, where the latest fighting appeared to be concentrated. "The Israelis are besieging the hospitals and cutting off the city from the refugee camp, which has become a military zone with...China manufacturing contracts for fourth straight month
While some sectors have largely regained their strength -- including tourism and the auto industry -- others are struggling, particularly real estate, a key growth driver. The non-manufacturing PMI, which includes services, was in positive territory in August at 50.3 points compared with 50.2 a month earlier.UN draft on climate finance highlights deep divisions ahead of COP29
Paris, France - The UN has published a draft on climate financing due to be presented at the COP29 in November, laying out the conflicting positions from which the main country blocs will try to clinch the next climate deal. The document, which AFP consulted Friday, is the basis for negotiating...Yemen’s Houthis blew up stranded oil tanker: video
Rebel chief Abdul Malik al-Houthi on Thursday said his forces had "stormed" the tanker earlier this week. He added in a speech that the Sounion had violated the Houthis' "embargo" on shipping to Israeli ports. The vessel had departed from Iraq and was destined for a port near Athens, carrying...Apple in talks to invest in OpenAI, creator of ChatGPT: report
Washington, United States - iPhone juggernaut Apple is in talks to invest in OpenAI, the creator of ChatGPT and the biggest name in generative artificial intelligence, a news report said Thursday. According to the Wall Street Journal, the company founded by Steve Jobs is at the funding table as OpenAI raises...Telegram boss Durov free but charged and held in France
Paris, France -- Telegram chief Pavel Durov was spending Thursday out on bail after four days of detention in France, banned from leaving the country as he faces a possible trial related to illegal content carried on his messaging app. Russian-born Durov, dressed in black and wearing dark glasses, walked briskly...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 days, and there will be a humanitarian pause during the vaccination," said Rik Peeperkorn, the agency's representative for Palestinian territories.2024 Crypto Crime Update Part 2: China-based cybercrime networks on the rise
In part 1 of our mid-year crime update, we discussed trends related to ransomware and stolen funds. While aggregate illicit on-chain activity declined by nearly 20% year-to-date (YTD), inflows from stolen funds nearly doubled, and annual ransomware payments are on track to be the largest ever in a single year....Nvidia’s forecast dampens AI enthusiasm in other tech stocks
Shares of Nvidia and other technology heavyweights fell late on Wednesday, a discouraging sign for investors betting that a strong forecast from the dominant seller of AI chips would fuel fresh gains in Wall Street's most valuable companies, Reuters reported. Nasdaq futures fell about 1% following Nvidia's quarterly, suggesting traders...Durov: Father of 100 children is a mysterious and controversial Telegram founder
Paris, France - Russian-born tech entrepreneur Pavel Durov has founded wildly popular social networks, cryptocurrencies, amassed a multi-billion-dollar fortune and locked horns with authorities, in Russia and around the world. Still a few months shy of his 40th birthday, the man once dubbed the "Russian Zuckerberg" after Facebook founder Mark Zuckerberg...Yemen’s Houthis agree to temporary truce to secure stranded oil tanker
The vessel had departed from Iraq and was destined for a port near Athens, carrying 150,000 metric tons of crude oil, according to the European Union's Red Sea naval mission, Aspides. The EU naval force, formed in February to protect merchant vessels from attacks by the Houthis, warned last week...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 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...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 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...Turkey, Azerbaijan hope for ‘lasting peace’ in South Caucasus
Years of diplomacy between the Caucasus rivals Azerbaijan and Armenia had failed to reach a breakthrough, but negotiations have resumed after Baku last year won a decisive victory in seizing the breakaway region of Nagorno-Karabakh. Turkey, a close ally of Azerbaijan, backed its campaign to drive ethnic Armenian forces from...Iran former top diplomat Zarif returns to VP post
"After the follow-ups and consultations conducted by the president and with his written order, I will continue to exercise my duties as Strategic Vice President," Zarif said in a post on X. Zarif -- who attended on Tuesday the new cabinet's first meeting with Iran's supreme leader Ayatollah Ali Khamenei...UAE seeks consular services for arrested Telegram boss
"The UAE is closely following the case of its citizen Pavel Durov, founder of Telegram, who was arrested by the French authorities in Paris–Le Bourget Airport," UAE foreign ministry said in a statement. Durov, the 39-year-old billionaire founder of the messaging platform, was arrested at the Paris airport late on...Qatar strikes new 15-year 3 mtpa LNG supply deal with Kuwait
Qatar agreed on Monday to supply Kuwait with 3 million tons per annum (mtpa) of liquefied natural gas (LNG) for 15 years, the second such deal since 2020 as Kuwait imports the fuel to help meet rising demand for power generation, Asharq Al-Awsat online daily reported. The state-owned QatarEnergy and...Egypt says will not accept Israeli force on its Gaza border: state-linked media
Cairo, a key mediator in efforts to secure a ceasefire between Israel and Hamas in Gaza, "reiterated to all parties that it will not accept any Israeli presence" along the strategic Philadelphi Corridor, state-linked Al-Qahera News said, citing a high-level source.ExxonMobil expects global oil demand near current levels in 2050
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...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 that it will not accept any Israeli presence" along the strategic Philadelphi Corridor, state-linked Al-Qahera News said, citing a high-level source. A key sticking point in the ceasefire talks have...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 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...Asia shares edge up and dollar down; oil gains
Asian shares crept cautiously higher on Monday, while the dollar and bond yields were on the wane ahead of inflation data that investors hope will pave the way for rate cuts in the U.S. and Europe, Reuters reported Oil prices climbed 0.8% after Israel and Hezabollah traded rocket salvos and...Israel strikes Lebanon, says thwarted large-scale Hizbollah attack
The result was perhaps the biggest exchange of fire in 10 months of a war which began with a Hamas attack launched from Gaza and has triggered both new violence on the Lebanon-Israel border and fears of a broader conflagration in the Middle East.Don’t give smartphones to kids under 11, UK mobile phone firm says
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...Telegram chief Pavel Durov arrested at French airport: officials
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...



















































