Marrakech, Morocco-- The International Monetary Fund on Tuesday cut its growth forecasts for China and the euro zone and said overall global growth remained low and uneven despite what it called the "remarkable strength" of the U.S. economy.In its latest World Economic Outlook, the IMF left its forecast for global...

Benguerir, Morocco - US Treasury Secretary Janet Yellen said on Tuesday she backed efforts to boost the lending firepower of the IMF and World Bank to combat poverty and climate change.Speaking on the sidelines of the IMF-World Bank annual meetings in Morocco, Yellen said the global lending system had already changed...

"Equity markets are bouncing back on Tuesday after a risk-averse start to the week, buoyed... by some promising Fed commentary," said analyst Craig Erlam at trading firm OANDA.

The IMF kept its 2023 global growth forecast unchanged but warned that the economy is "limping along" as inflation remains high and the outlooks for China and Germany were downgraded. The IMF's updated World Economic Outlook still sees growth of 3.0 percent for this year but it cut its forecast...

Tensions in the Middle East bubbled up in New York City Monday, where hundreds of pro-Palestinian demonstrators gathered to denounce the Israeli government and demand that the United States stop its support, while supporters of Israel convened for their own counter-protests and prayers. A heavy police presence and security barriers...

Israel imposed a total siege on the Gaza Strip and cut off the water supply as it kept bombing targets in the Palestinian enclave in response to the Hamas surprise assault it has likened to the 9/11 attacks. Israel has counted over 700 dead and launched strikes on Gaza that...

The attack and Israel's declaration of war in response to it have raised concerns that a potential broadening of the conflict could draw in the United States and Iran. "Key for markets is whether the conflict remains contained or spreads to involve other regions, particularly Saudi Arabia," said ANZ Group's...

Abu Dhabi, UAE--UAE President Sheikh Mohamed bin Zayed discussed how to deepen strategic alliance with the US in a meeting with US Senator Joni Ernst of Iowa in Abu Dhabi on Friday. During the meeting at Qasr Al Shati, the two sides exchanged views on a number of regional and...

US troops observed drones carrying out strikes early Thursday, some of them inside a "restricted operating zone" (ROZ) near Hasakeh, about a kilometer (less than a mile) from American troops, Pentagon spokesman Brigadier General Pat Ryder told journalists. A few hours later, a Turkish drone returned to the ROZ and...

The central character, pickpocket turned master assassin Basim, speaks classical Arabic in "Assassin's Creed Mirage",.

WASHINGTON, US - The growth of the economies in the Middle East and North Africa (MENA) is expected to fall sharply this year, the World Bank said.The region’s gross domestic product (GDP) is expected to fall to 1.9 percent in 2023 from 6 percent in 2022, due to oil production...

The Green Climate Fund (GCF) was set up as part of the landmark 2015 Paris Agreement to funnel grants and loans to developing countries for adaptation and mitigation projects in a warming world. The fund plays a part in the promise by rich countries to supply $100bn of climate finance...

The Kingdom's production in the coming months November and December will be approximately 9 million barrels per day, the country's energy ministry said. It added the decision will be reviewed next month to consider deepening the cut or increasing production. The additional voluntary cut comes to reinforce the precautionary efforts...

They will conduct a study to build a direct air-capture facility.

The focus has been on US Treasury bond yields that have surged to levels not seen in over a decade, suggesting doubts about prospects for growth and corporate earnings. The yield on the benchmark 10-year Treasury bond has reached the highest level since 2007 -- the beginning of two years...

JAZAN, SAUDI ARABIA - The Jazan City for Primary and Downstream Industries has marked a significant milestone with the departure of its inaugural ship, bound for New Orleans, US.This vessel is laden with 37,000 tons of iron steel foundry product (Pig iron), representing the first-ever production of this commodity within...

Abu Dhabi, UAE -- ADNOC and international energy company, Occidental, announced today an agreement to undertake a joint preliminary engineering study for the construction of the first megaton-scale direct air capture (DAC) facility outside the United States.The agreement is the first project to reach the technical feasibility stage since the...

The workers were asked not to report to work due to the strike.

Amid mounting speculation that Saudi Arabia and Israel will normalize ties, the minister traveled to Riyadh for a meeting of the Universal Postal Union, a specialised UN agency intended to facilitate international cooperation in the postal sector. He is expected to give a speech and meet with officials including the...

Washington, United States - US manufacturing activity contracted in September by the least since late 2022, beating analyst expectations despite weakness in new orders, survey data showed Monday.The Institute for Supply Management's (ISM) manufacturing index came in better than anticipated at 49 percent last month, up from 47.6 percent in August.This...

Donald Trump intends to be present for the start of the trial on Monday morning as a civil fraud trial against the former president and two of his sons begins in New York, threatening the Republican frontrunner's business empire as he campaigns to retake the White House with four criminal...

Three hours before the deadline, the Senate voted to keep the lights on through mid-November with a resolution that had advanced earlier from the House of Representatives. The last-ditch "continuing resolution" was pitched by House Speaker Kevin McCarthy as millions of public workers looked set to be sent home unpaid.

WASHINGTON, US - The International Monetary Fund (IMF) Executive Board approved a Resilience and Sustainability Facility (RSF) for Morocco of about US$1.3 billion.The arrangement will support Morocco’s transition to a greener economy and help strengthen its preparedness and resilience against natural disasters, including from climate change, the Washington-based institution pointed...

WASHINGTON, US - The United States is heading toward a government shutdown this weekend with no foreseeable way out of a deadlock in Congress over hardline Republican calls for deep spending cuts.The new US fiscal year begins on October 1, but sharp disagreements in the Republican Party over the scale of...

According to National Security Council spokesman John Kirby, a basic framework has been hammered out by all sides that could form the outline of a historic US-brokered deal to normalize relations between Saudi Arabia and Israel after decades of hostility. The deal could earn Israel recognition by the guardian of...

WASHINGTON, US - President Joe Biden's administration on Friday announced it would auction three new oil and gas leases in the Gulf of Mexico, triggering a furious reaction from environmental groups who said the move would accelerate climate change.Biden, who faces re-election next year, has repeatedly broken his promise made as...

Benghazi, Libya - Libya's prosecutor general has ordered the arrest of four more officials, bringing to 12 the number held as part of an inquiry into this month's flood that killed thousands.Flooding caused by hurricane-strength Storm Daniel tore through eastern Libya on September 10, leaving at least 3,893 people dead and...

State Department spokesman Matthew Miller said that the State Department has not formally assigned blame but had no reason to doubt Microsoft's finding that the hackers were from China. A State Department report issued Thursday warned in dire terms about China's efforts in the information sphere, saying that Beijing's "digital...

Washington, United States - US Secretary of State Antony Blinken and India’s External Affairs Minister S Jaishankar held discussions in Washington, highlighting the potential of the India-Middle East-Europe Economic Corridor. The significant initiative, born out of India's G20 presidency, aims to foster transparent, sustainable, and high-standard infrastructure investments."At the G20...

New York, US - The generative AI platform ChatGPT can now fetch data directly from the internet and gather up-to-date information in real-time, its creator OpenAI said, in a major milestone for the software.Until now, ChatGPT's responses to user queries were based on a vast database, which did not contain information...

According to financial daily Handelsblatt, production came to a complete standstill in Wolfsburg and at the company's plants in Emden, Osnabrueck and Zwickau. Offices at the Wolfsburg headquarters were also affected, Handelsblatt said.

The jump in oil prices came in the wake of a a surprising drop in US crude inventories. Oil prices have been trending higher following moves by Russia and Saudi Arabia to limit output. The US futures benchmark, West Texas Intermediate for delivery in November, jumped 3.6% to $93.68 per...

Binance is likely to sell its Russian assets to CommEX.

The former Mastercard chief executive told the Council on Foreign Relations in New York that the bank should alter its current twin mandate of poverty alleviation and boosting shared prosperity to include climate change. Banga's comments in New York come shortly before global leaders are due to gather for the...

WASHINGTON, US -  The sea ice around Antarctica likely had a record low surface area when it was at its maximum size this winter, a preliminary US analysis of satellite data showed. As the southern hemisphere transitions into spring, the US National Snow and Ice Data Center (NSIDC) said in a statement that...

Washington last week slapped sanctions on "seven individuals and four entities" based in Iran, China, Russia and Turkey it said had facilitated shipments and financial transactions involving Tehran's military hardware program. The United States accuses Iran of supplying Russia with drones, which have become a major feature of Moscow's war...

The auto giant announced in February the project in Marshall, Michigan as a way to diversify its battery profile away from its current exclusive use of nickel cobalt manganese (NCM), which are costly to produce because of raw material scarcity. Ford said it would work with a Chinese company to...

Dugway, United States-- A seven-year space voyage came to its climactic end Sunday when a NASA capsule landed in the desert in the US state of Utah, carrying to Earth the largest asteroid samples ever collected.Scientists have high hopes for the sample, saying it will provide a better understanding of the...

Defending his country's enrichment of uranium to 60 percent purity level, noting that it was a response to European states failing to live up to the 2015 nuclear agreement, Iranian President Ebrahim Raisi has categorically rejected the Western states' claim that Tehran intends to build nuclear weapons, in an interview...

NEW YORK, US – UAE Minister of Climate Change and the Environment Mariam bint Mohammed Almheiri called upon the global community to utilize the opportunity offered by COP28 in the Emirates to drive climate action by focusing on food systems transformation and promoting nature-based solutions.She made the comments during her...

A government shutdown would put the finances of hundreds of thousands of workers at federal parks, museums, and other sites at risk, but it could also carry significant political costs for Biden, who is running for re-election. The White House wants any budget bill passed by lawmakers to include $24...

New York, US--Secretary-General of the Gulf Cooperation Council (GCC), Jasem Mohamed Albudaiwi, has stressed the importance of strengthening ties with the United Kingdom, including the Free Trade Agreement (FTA), which is an essential element of the strategic partnership and will contribute to achieving common interests.This came during Albudaiwi’s meeting with...

NEW YORK, US - The United Kingdom will be holding a summit on artificial intelligence (AI) so that nations can come together to “understand it, govern it, harness its potential and contain its risks”, Deputy Prime Minister Oliver Dowden told the UN General Assembly.Dowden said the so-named AI Safety Summit,...

Iran said it had called in the Swiss envoy to deliver a protest over a “provocative” US statement on its decades-old dispute with the UAE over three Gulf islands. The foreign ministry was reacting to a joint statement issued by the US and six Gulf Arab states backing UAE calls...

Activision Blizzard makes popular games like "Call of Duty".

Splunk is a software platform that uses AI to identify malware.

Abu Dhabi, UAE--UAE stock markets Thursday continued to capitalize on improved investor sentiments, defying US Fed's decision to keep interest rates steady on Wednesday, while projecting an increase by year-end.Blue-chip real estate, banking, and energy stocks lead the gainers in the Capital's bourse, as giant property Emaar drove DFM to...

Beirut, Lebanon - A gunman fired more than a dozen bullets at the US embassy in Beirut, Lebanese officials said on Thursday, with the diplomatic mission reporting no casualties in the late evening incident."At 10:37 pm local time (1937 GMT), small arms fire was reported in the vicinity of the entrance...

Modified Iranian drones used by Moscow in its war in Ukraine could feed back to Iran, which in turn may employ them in its campaign to prop up Syrian President Bashar al-Assad, Lieutenant General Alexus Grynkewich told a briefing in Abu Dhabi. Washington accuses Iran of supplying Moscow with drones...

Abu Dhabi, UAE -- In the wake of the US Federal Reserve's decision to maintain its interest rates, GCC countries, including the UAE and Qatar, have opted to follow suit. The US Federal Reserve, on Wednesday, voted to keep interest rates at a 22-year peak, suggesting that these rates might...