• Audi’s sustainable Middle East luxury drive

    The Arab countries are experiencing a significant surge in the adoption of electric vehicles (EVs), particularly favoring premium models, says Rene Koneberg, MD Audi Middle East.
  • Saudi Arabia sets ambitious goals for mining sector

    "We have begun discussions with 80 countries participating in the mining sector. ... An international platform has been established in Riyadh to support the development of the mining sector in the region, ensuring investment flow and aiding African and Central Asian countries in bringing more minerals to the market," he...
  • Blinken ends marathon tour warning ‘more needs to be done’ on Gaza

    New Delhi, India - US Secretary of State Antony Blinken wrapped up a marathon diplomatic push on Friday in India after a whirlwind Middle East trip and G7 talks, saying Israel's pauses in its Gaza offensive would "save lives" but more was needed. "Far too many Palestinians have been killed," Blinken...
  • US won’t hesitate to defend its troops in Middle East: Pentagon

    Washington, United States - Over the last three weeks, Iran-backed militia groups have attacked US bases and facilities in Iraq and Syria 41 times. The US has defended itself against those attacks and will continue to do so, the deputy assistant secretary of defense for the Middle East said. Following...
  • Iran rejects G7 calls to stop supporting Hamas

    Tehran, Iran - Iran on Thursday rejected a G7 statement which called on Tehran to stop supporting Hamas members and taking actions that "destabilize" the Middle East. Tehran's comment came a day after foreign ministers from the G7 group of advanced economies, meeting in Tokyo, expressed support for "humanitarian pauses and...
  • Arab and Iranian leaders likely to attend Saudi’s dual event on Gaza

    The emergency meetings of the Arab League and the Organization of Islamic Cooperation come after over one month of Israeli bombardment has killed more than 10,000 people in Gaza, many of them children, according to the Hamas-run health ministry. With Israel's leaders rebuffing talk of a ceasefire until the captives...
  • Middle East companies moving towards cloud adoption

    Adoption is driven by government initiatives, global cloud providers, and the need for agility and scalability in the region.
  • G7 supports ‘pause’ in Gaza war but stops short of calling for ceasefire

    "We stress the need for urgent action to address the deteriorating humanitarian crisis in Gaza... we support humanitarian pauses and corridors to facilitate urgently needed assistance, civilian movement, and the release of hostages," the ministers said in a joint statement after talks in Japan.
  • Batelco launches mobile peering service in MENA region

    Manama, Bahrain - Batelco, part of the Beyon Group, announces its latest service “Mobile Peering” for members of the platform. Batelco is the first in the MENA region to offer a Mobile Peering service, which is an open interconnecting solution, enabling mobile operators and Internet Packet Exchange (IPX) providers to...
  • Stocks extend global rally as US jobs data cements rate hopes

    Hong Kong, China - Markets rallied again Monday following another strong performance on Wall Street, as below-forecast US jobs data fanned optimism that the Federal Reserve had reached the end of its interest rate hiking cycle. After a tough year for traders, the bank's decision last week to pause on monetary...
  • Anti-west boycott waves sweep across Middle East in Gaza solidarity

    Manama, Bahrain - In a convenience store in Bahrain, 14-year-old Jana Abdullah carries a tablet as she shops, checking a list of Western brands to avoid as Israel pounds Gaza in its campaign to destroy Hamas. Jana and her 10-year-old brother, Ali, used to eat at McDonald's nearly daily but they...
  • Russia calls for collective action to end fighting between Israel, Hamas

    Russia called for "collective action" to end fighting between Israel and Hamas, including an international conference, almost a month into the war that has left thousands dead. Russia, which has been waging a large-scale military operation in Ukraine for over 20 months, has also repeatedly criticized Western policies in the...
  • Don’t pause Mideast de-escalation over war, says UAE official

    Dubai, UAE - Middle East powers should maintain their push to de-escalate the region through trade and economic ties despite the Israel-Hamas war, a senior United Arab Emirates official said on Saturday. The sudden flare-up in Gaza, after a deadly attack by Hamas, follows a period of fence-mending in the region including...
  • Iraq event on ‘regional stability’ adjourned over Gaza war

    Baghdad, Iraq - An international summit in Baghdad on "regional stability" planned for late November has been postponed due to the ongoing Israel-Hamas war, an Iraqi official told AFP on Thursday. The third edition of the Baghdad conference "for economic integration and regional stability", co-organised by France, "is postponed until further...
  • Shell reports rise in profits

    The company announces a buyback of shares worth $3.5bn.
  • Americana Restaurants reports $1,897m revenue

    The company's adjusted EBITDA reaching $446.5 million.
  • Iran urges Muslim nations to suspend trade with Israel

    The bombing campaign by Israel in Gaza has killed more than 8,500 people, two-thirds of them women and children, according to the Hamas-run health ministry.
  • Saudi Arabia emerges as only bidder for 2034 World Cup

    The Saudi bid comes one year after neighboring Qatar hosted the first World Cup in the Middle East, where the kingdom's national team scored a surprse group stage victory over eventual winners Argentina. It is set to take over from a tri-continental line-up for the 2030 event to be shared...
  • Investors eye gold as safe haven amid Gaza tensions

    The ongoing Gaza conflict has driven gold prices over $2,000/oz, highlighting the deep connection between geopolitical tensions and global financial market reactions.
  • Politics in fashion: Luxury brands react to Gaza crisis

    From L'Oréal's controversy involving model Amena Khan to Chanel's significant financial pledge, the fashion industry is deeply entwined in political discourse amid Gaza conflict.
  • Russia points fingers at ‘external’ forces behind anti-Israel riot

    Moscow, Russia - Russia on Monday blamed "external interference" for an anti-Israel riot that closed an airport in the Muslim-majority region of Dagestan the previous day. "Yesterday's events at Makhachkala airport are, to a large extent, the result of external interference," Kremlin spokesman Dmitry Peskov told reporters. Russian police on Monday...
  • Many Western Socialists back Israel in Gaza conflict

    This TRENDS report delves into the nuanced positions of Western political figures, unveiling a multifaceted blend of support, criticism, and calls for humanitarian intervention.
  • UAE and Belgium urge accelerated efforts to ‘restore regional stability’

    Abu Dhabi, UAE-- The UAE and Belgium have stressed the importance of coordinating regional and international efforts to protect civilians and intensify efforts to restore regional security and stability. The sentiments were expressed in a meeting between Sheikh Abdullah bin Zayed Al Nahyan, UAE's Minister of Foreign Affairs and Hadja...
  • Relations sour between Turkey and Israel after Erdogan’s speech

    Israel and Turkey -- an overwhelmingly Muslim nation that forms the bulwark of NATO defenses on the edge of the Middle East -- had only just agreed to reappoint ambassadors last year. But their relations unraveled as Erdogan began to pick up the pace and venom of his attacks on...
  • Middle East conflict may disrupt global trade routes

    Recent developments spark concerns that the conflict, which is spreading across the region, presents a long-term threat to global energy and commercial infrastructure.
  • Oil prices surge 3 percent amid Middle East tensions

    New York, United States - Oil prices experienced a 3% surge on Friday, reaching a one-week high, driven by escalating tensions in the Middle East, raising concerns about potential disruptions in global crude supplies, Reuters reported. Brent crude futures increased by $2.55, or 2.9%, settling at $90.48 a barrel, while...
  • Dubai among top 25 global cities for third consecutive year

    Dubai, UAE -- Dubai has retained its leading position in the MENA region on Kearney's Global Cities Index, ranking 23rd globally and claiming a spot in the top 25 for the third consecutive year. According to the report, prominent emerging hubs around the world, particularly in the Middle East, have...
  • Kuwait calls for turning Middle East into nuclear-free region

    New York, US-- Kuwait's permanent envoy to the UN, Tareq Al-Bannai, has affirmed Kuwait's continuous efforts to make the Middle East a nuclear and weapons of mass destruction-free zone. The remarks were made during an event organised by Kuwait's permanent mission to the UN late Tuesday, and attended by Permanent...
  • Putin warns Israel-Hamas conflict could escalate beyond the Middle East

    Moscow, Russia - Russian President Vladimir Putin warned on Wednesday that the Israel-Palestine conflict could potentially extend beyond the Middle East, Reuters reported. Russian leader stressed the need to protect innocent civilians, during a meeting with religious leaders of various faiths in the Kremlin and called for an end to...
  • Turkey and Qatar reject ‘double standards’ in Gaza response

    Qatar's top diplomat Mohammed bin Abdulrahman Al-Thani said the two governments -- both Western allies -- "reaffirm our complete rejection of responding to the crisis with double standards when it comes to human life". "It is not permissible to condemn the killing of civilians in one context and justify it...
  • 2,700-year-old sculpture unearthed in Iraq

    Erected at the entrance to the ancient city of Khorsabad, the sculpture shows the Lamassu, an Assyrian deity with a human head, the body of a bull and the wings of a bird.
  • With Mideast crisis, Russia and China hope to turn tables on US

    The Chinese and Russian reprimands ring hollow for US officials, who doubt the rival powers will engage in painstaking diplomacy along the lines of Secretary of State Antony Blinken's recent trip to the region. But the United States has historically stood out as a lonely voice in its close embrace...
  • China’s top diplomat to pay rare US visit ahead of potential Xi trip

    Wang "will conduct in-depth exchanges of views with US leaders on China-US relations and international and regional issues of common interest," foreign ministry spokesperson Mao Ning said at a regular briefing. The top diplomat will "convey China's principles and positions and legitimate concerns about China-US relations," she added.
  • US troops again deploy east of Mediterranean, 40 years after Beirut airport bombing

    Beirut, Lebanon - US troops have been redeployed to the eastern Mediterranean, forty years after one of the deadliest attacks on US troops in the Middle East, raising concerns about the potential for a new conflict in the region, Associated Press reported today.   On October 23, 1983, a suicide bomber...
  • Funding key challenge for Middle East innovators

    Deep-tech companies in the Middle East are facing challenges due to limited funding and inadequate R&D centers, leaving entrepreneurs seeking a more supportive ecosystem.
  • Funding key challenge for Middle East innovators

    Deep-tech companies in the Middle East are facing challenges due to limited funding and inadequate R&D centers, leaving entrepreneurs seeking a more supportive ecosystem.
  • Markets fall as traders wary due to Gaza war, Fed interest rates

    Paris, France - Stock markets slid on Monday, extending last week's sell-off n fears of a regional conflict in the Middle East and worries that US interest rates will remain elevated for longer than initially thought. The concerns about US interest rates have also been affecting bond markets, with the yield...
  • China’s Middle East envoy to arrive in UAE for talks: foreign ministry

    Washington has said it hopes China's friendship with Hamas-backer Iran could help calm the conflict, particularly after Beijing brokered a detente between long-time foes Tehran and Riyadh this year. China has refrained from explicitly condemning Hamas for the attacks that sparked the war.
  • Russia FM to visit Iran amid tensions in Middle East

    Iran and Russia have bolstered ties in many fields over the last few years and Moscow has turned to Tehran for military support and economic partnerships as both countries face a raft of Western sanctions. The West has accused Tehran of supporting Russia's offensive in Ukraine by providing it with...
  • US troops enhance presence in Middle East due to ‘escalations’

    The United States warned against any "escalation" in the Middle East in the wake of Israel's war with Hamas, Defense Secretary Lloyd Austin said, hours after the Pentagon moved to step up military readiness in the region. The US has seen a "prospect of escalation of attacks on our troops"...
  • Fresh aid, including fuel, enters Gaza as Israel steps up strikes

    A rare delivery of fuel enters the Palestinian territory; Netanyahu says Hezbollah will make "mistake of its life" if its starts a war with Israel and US says it will "take appropriate action" in response to any escalation in the Middle East.
  • US troops attacked in Middle East amid fears of widening war

    Washington, United States - US military forces in the Middle East have faced multiple threats from drone attacks in Middle East, Washington Post reported today. A US Navy destroyer in the Red Sea successfully intercepted a salvo of cruise missiles and drones launched toward Israel from Yemen. These actions come...
  • Markets in retreat on growing fears of Middle East war

    With Benjamin Netanyahu building up a huge force ahead of an expected land incursion into Gaza, Iran has warned of a possible pre-emptive strike and called for an oil embargo against Tel Aviv. President Joe Biden was due to make a television address on the crisis later in the day,...
  • Xi says China to work with Egypt to help stabilize Middle East

    Xi met Egypt's Mostafa Madbouli in Beijing on Thursday, repeating China's support for a "two-state solution... to realise the peaceful coexistence of Palestine and Israel", according to multiple state media outlets. "China is willing to enhance cooperation with Egypt... and inject more certainty and stability into the region and the...
  • US orders 2,000 more troops to be ready to deploy to Middle East: report

    Washington, United States - The US Defense Secretary Lloyd J. Austin III has ordered the preparation of approximately 2,000 additional U.S. troops for possible deployment to the Middle East in support of Israel, amid escalating tensions in the region, New York Times reported. These troops, currently stationed in the United...
  • United Airlines Q3 profit up

    The airlines' net income stood at US$1.1bn, up 20.7 percent.
  • Markets fall as Biden set for Middle East diplomacy drive

    US and European stock markets mostly fell and oil prices rose as US President Joe Biden prepared for a trip to the Middle East aimed at preventing the Israel-Hamas conflict spreading across the region. Investors also weighed another raft of company earnings and rising interest rates.
  • China envoy seeks Israel-Hamas de-escalation in Middle East trip

    Shanghai, China - China will this week weigh into the Israel-Hamas war by sending its special envoy to the Middle East, after the United States asked it to use its influence to stop the conflict from spreading. Washington says it hopes China's friendship with Hamas backer Iran could help calm the...
  • China prepares for BRI summit under shadow of Israel-Gaza war

    At the top of the invitation list to China's Belt and Road Initiative forum is Russia's President Vladimir Putin, on his first trip to a major global power since the Ukraine invasion threw his regime into international isolation.
  • Tokyo shares tumble on concern war in Palestine may escalate

    Chip-testing equipment maker Advantest sank 4.79 percent to 4,351 yen and chip-making equipment manufacturer Tokyo Electron gave up 3.84 percent to 20,395 yen. High-tech investor SoftBank Group fell 2.04 percent at 6,375 yen, Sony Group dropped 1.87 percent to 12,610 yen and Panasonic dived 3.18 percent to 1,565.5 yen.
  • Israel-Palestinian conflict: Chinese Foreign Minister to visit Middle East next week

    Beijing, China - Chinese Foreign Minister Wang Yi is embarking on a visit to the Middle East next week,  state media agency CGTN reported on Sunday. Wang's visit comes amid escalating tensions in the region and reflects China's commitment to playing a more prominent role in the resolution of the...