Adani Group tanks after US bribery charges
India's opposition leader demands Gautam Adani's arrest; Kenya scraps airport, power deals with the Group that has significant investments in the Middle East.
Israel considers sending military aid to Ukraine
Israeli PM's remarks come after a visit by US Secretary of State Antony Blinken, who called for calm following a flare-up of violence between Israel and the Palestinians and also nudged Israel to boost support to Ukraine.King Abdullah of Jordan and US President Joe Biden to hold talks
Washington, US-- Jordan’s King Abdullah and US President Joe Biden will hold talks at the White House on Thursday, as part of the king's visit to Washington, DC.Talks will cover means to bolster the strategic partnership and ties of friendship between Jordan and the United States through expanding cooperation across...ExxonMobil 2022 profit at $55.7bn
Results reflect higher production of oil, natural gas.European demand for US natural gas leads to investment boom
Production of the fuel reached 3.1 trillion cubic feet for the month of October, according to the most recently available US data, an all-time high and up almost 50 percent from the level a decade ago.TikTok CEO to testify before US lawmakers in March
TikTok is fighting for its survival in the US with rising calls from mainly Republican lawmakers that the company should be outright banned for its links to Beijing. Shou Zi Chew will give testimony before the House Energy and Commerce Committee after Republicans recently took over as the majority in...Blinken in Tel Aviv to urge calm as violence escalates
Washington's top diplomat arrived in Israel on the second leg of his Middle East tour, after meeting Egyptian President Abdel Fattah al-Sisi and the country's foreign minister in Cairo.Indian Adani empire strikes back after fraud report
The slump in the company's stocks was sparked by a report by US short-seller investment group Hindenburg Research that alleged "brazen stock manipulation and accounting fraud scheme over the course of decades". The conglomerate said it was the victim of a "maliciously mischievous" reputational attack and late Sunday issued a...Air strikes hit convoy crossing into eastern Syria from Iraq
A convoy of trucks driving into eastern Syria from Iraq on Sunday was hit by air strikes, destroying all the vehicles, according to a war monitor. The Syrian Observatory for Human Rights said that six refrigerated trucks were the target of strikes by unidentified aircraft in the Albu Kamal border...Turkey comes out with retaliatory travel alert for US, EU
Ankara has been most recently outraged by anti-Islamic protests by a far-right extremist who was allowed to burn the Koran outside the Turkish embassies in Stockholm and Copenhagen.Syria refutes watchdog report of 2018 chemical attack
In the OPCW report, investigators said there were "reasonable grounds to believe" that at least one Syrian air force helicopter had dropped two cylinders of the toxic gas on the rebel-held town of Douma.Dubai is the new destination wedding choice for couples
DUBAI, UAE- Dubai is fast emerging as the city of choice for destination weddings, with a growing number of event planners across the world recommending the city to couples as the perfect venue for their marriage. This is in line with the efforts aimed at boosting the emirate's stature as...Adani group ‘exploring’ legal action against Hindenburg Research
Mumbai, India - An Indian conglomerate owned by Asia's richest man Gautam Adani said Thursday it was exploring legal action against a US investment firm that accused it of "brazen" corporate fraud.Hindenburg Research this week alleged that Adani Group had used undisclosed related-party transactions and earnings manipulation to "maintain the appearance...Markets rise on better-than-expected US growth
Stock markets rose as US data showed the country grew at a slower pace in 2022 but finished the year on a stronger note. Shares in Paris, Frankfurt and London were higher in mid-afternoon trading. US gross domestic product rose at an annual rate of 2.9 percent in the fourth...Lebanon central bank says freezes accounts of US-sanctioned individuals
The central bank "took a decision to freeze all the accounts" of Hassan Moukalled as well as those of his sons Rayyan and Rani and two businesses that he owns, it said in a statement. The US Treasury had issued the sanctions on Tuesday, calling Moukalled "a corrupt money exchanger...Boeing posts Q4 loss of US$634m
Firm confirmed its 2023 outlook amid strong aviation demand.US sues Google over dominance of online ad market
In this latest suit, prosecutors took aim at Google's extremely profitable advertising business, asking that it be broken up to level the playing field for other companies. Google's ad dealings generated more than $200 billion in sales in 2021 and is parent company Alphabet's biggest moneymaker by a wide margin.India, Pakistan came close to nuclear war in 2019: Mike Pompeo
Nearly four years after India and Pakistan used fighter planes to bomb targets in divided Kashmir, former US secretary of state Mike Pompeo has revealed in his memoir "Never Give an Inch" that the two rivals came close to nuclear war in 2019 and that US intervention prevented escalation.Ford to cut jobs in Germany
The US auto giant will cut 3,200 jobs in the European country.Musk announces more expensive subscription for ad-free Twitter
The recent announcement of Twitter updating its services would be a radical change in business model from Twitter, which has so far relied on targeted advertising to generate revenue, before launching a paid subscription service in mid-December.Buzz Aldrin, second man on the Moon, marries on 93rd birthday
LOS ANGELES, US - Legendary Apollo 11 astronaut Buzz Aldrin, the second person to set foot on the Moon, said he had married his longtime girlfriend on Friday, his 93rd birthday.Aldrin and Anca Faur, executive vice president of Buzz Aldrin Ventures, were wed in a private ceremony."On my 93rd birthday... I...Google announces 12,000 job cuts globally, cites changing economic reality
Google's parent company Alphabet announced about 12,000 job cuts globally citing a changing "economic reality", becoming the latest US tech giant to enact large-scale restructuring. The layoffs come a day after Microsoft said it would reduce staff numbers by 10,000 in the coming months, following similar cuts by Facebook owner...Turkey asks US for F-16 jets amid NATO, Congress rows
Meeting US Secretary of State Antony Blinken, Turkish Foreign Minister Mevlut Cavusoglu said he intended to discuss his country's request for modernized versions of the mainstay F-16 fighter jets. "As we said together before, this is not only for Turkey but also important for NATO and for the United States...UN chief calls for urgent actions as world faces Category 5 storm
Davos-Klosters, Switzerland – UN Secretary-General Antonio Guterres, in a wide-ranging address that touched on the most critical issues facing the world, urged leaders gathered for the Annual Meeting to take urgent action.Taking note of a range of critical threats facing the world, from the economic crisis to war and pandemic,...European Union takes on US, China over clean tech in Davos
European Commission President Ursula von der Leyen slammed what she described as "aggressive attempts" to convince Europe's clean technology operations to relocate to China through cheap labour and more lenient regulations.Iranian diaspora demand EU blacklisting of Revolutionary Guards
Pressure is growing among opposition exiles and activists for the European Union and United Kingdom to follow the United States and blacklist the Guards over the crackdown on the four months of protests since the death of Mahsa Amini in September.Global recession likely in 2023, say WEF chief economists
Almost two-thirds of chief economists believe a global recession is likely in 2023, with 18 percent of them considering it extremely likely – more than twice as many as in the previous survey conducted in September 2022. A third of respondents consider a global recession to be unlikely this year.Mubadala acquires DCA
DCA is a US-based dental services organization with 390 allied practices,UAE and US form expert group to govern clean energy partnership
The formation of the bilateral body to govern the Partnership for Accelerating Clean Energy (PACE) will be composed of private sector and government representatives from both countries. Its goal is to catalyze $100 billion in financing, investment and other support and deploy 100 gigawatts of clean energy by 2035.Middle Eastern SWFs eye Europe, US for cheap assets
The region's SWFs more than doubled their investments in Western economies to $51.6 billion in 2022 from $21.8 billion a year earlier, says the latest Global SWF report.China operates first domestic Boeing 737 MAX flight since 2019
China grounded the plane after two deadly accidents involving the model in 2018 and 2019. An Ethiopian Airlines flight crashed shortly after takeoff from Addis Ababa, killing 157 people. That accident came five months after the crash of a 737 MAX in Indonesia, where 189 people died. Investigators said a...US inflation falls to lowest level in over a year
Consumer inflation in the United States slipped in December to the lowest level in over a year, government data showed, signaling the worst of red-hot price increases may be over. Inflation has eased for a sixth consecutive month alongside the Federal Reserve's aggressive campaign, fueling hope for reprieve from steeply...US operations and flights not affected by system outage: Etihad Airways
Abu Dahbi, UAE--Etihad Airways on Wednesday said its US operations and flights are not affected by the system outage at the Federal Aviation Administration.“Etihad Airways is aware of a technical issue affecting all airline flights in North America. At present, this is not having an impact on our operation, and our...EU warns TikTok chief to respect data privacy laws
TiKTok chief executive Shou Zi Chew held official talks for the first time with EU vice presidents Margrethe Vestager and Vera Jourova, the bloc's home affairs commissioner Ylva Johansson and justice commissioner Didier Reynders.US Navy says seizes weapons en route from Iran to Yemen
DUBAI, UAE - The US Navy said Tuesday it had seized over 2,000 assault rifles smuggled on a fishing boat along a maritime route from Iran to Yemen.The cargo was discovered on Friday off the coast of Oman "on a route historically used to traffic illicit cargo to the Huthis in...Israel, Arab allies talk security at Negev Forum in Abu Dhabi
Around 150 representatives from Bahrain, Egypt, Israel, Morocco, the UAE and the United States discussed boosting security cooperation through information sharing as part of the so-called Negev Forum, a gathering born out of recent normalization deals between Arab states and Israel.Stocks mostly drop as traders track China, US rates
Major stock markets mostly dropped as warnings that US interest rates would continue to rise and remain elevated offset growing optimism over China's economic reopening after Covid lockdowns. Equities enjoyed a strong start to the new year thanks largely to Beijing's decision to throw off the shackles of its strict...AstraZeneca buys US firm CinCor
The acquisition has been finalized at $1.8billion.Conspiracy theorists make comeback on Twitter after the ban
Those reinstated include far-right activists, anti-Muslim extremists as well as others peddling election conspiracies and Covid-19 misinformation, according to an analysis by the non-profit Media Matters of dozens of restored accounts with millions of combined followers.Sweden says it can’t fulfill Turkey’s demands for approving NATO membership
Most of Turkey's demands have involved Sweden because of its more robust ties with the Kurdish diaspora.Iran executes two more men in connection with protests
PARIS, FRANCE - Iran on Saturday executed two men for killing a paramilitary force member during unprecedented protests sparked by the death in custody of a young woman.The latest hangings double the number of executions to four over the nationwide protests, which escalated since mid-September into calls for an end to...Stocks mostly rise ahead of key US jobs data
Stock markets mostly advanced as traders awaited key US jobs data and after news of falling inflation in the eurozone. Global equities have enjoyed a largely solid start to the new year, though Wall Street slid on expectations that the Federal Reserve is in no rush to stop hiking US...Iran detains celebrity chef in protest crackdown: reports
No reason was given for the arrest of Ebrahimi, who had some 2.7 million followers on Instagram enjoying his slickly produced videos showing how to produce classic Persian dishes without pain. But social media users said the arrest coincided with him posting a recipe to make Persian cutlets on the...More political storms for TikTok after US government ban
Owned by Chinese tech giant ByteDance, TikTok has become a political punching bag for US conservatives who allege that the app downloaded by millions of US young people can be circumvented for spying or propaganda by the Chinese Communist Party (CCP). TikTok is the equivalent of "digital fentanyl," said Republican...US diplomats go cold turkey on Turkey name, switch to Turkiye
In a statement announcing measures to disrupt financiers of the Islamic State group, the State Department wrote of joint action between "the United States and Turkiye," written with an umlaut over the u. "The Turkish embassy did request that we use this spelling in our communications," State Department spokesman Ned...Stellantis to build electric ‘air taxis’ with Archer
Called Midnight, the vehicle looks like a small plane with several rotors on its wings and is designed to make consecutive trips of around 20 miles (30 kilometers) with a recharge time of about 10 minutes between each trip. Archer envisions an age of aerial ride-sharing, an "Uber or Lyft...Ex-crypto boss Bankman-Fried pleads not guilty to fraud
The United States has charged Bankman-Fried with conspiracy, wire fraud, money laundering and election finance violations. Prosecutors allege he cheated investors and misused funds that belonged to FTX and Alameda Research customers. Bankman-Fried pleaded not guilty to all eight counts against him -- five of which carry a maximum sentence...Iran vows revenge three years after killing of Soleimani by US
President Ebrahim Raisi of Iran has vowed to avenge the killing of a top Iranian general three years ago in a US drone strike. General Qassem Soleimani was ordered to be killed by then US President Donald Trump. The Iranian general commanded the Quds Force, the foreign operations arm of...Etihad Cargo to operate three more weekly flights to US from Apr 24
Etihad Cargo currently operates 11 flights per week to John F. Kennedy International Airport, which will increase to 14 weekly flights.Mideast powers condemn Israel minister’s visit to Al-Aqsa compound
The UAE, which launched diplomatic ties with Israel in 2020, "strongly condemned the storming of Al-Aqsa Mosque courtyard by an Israeli minister", in a foreign ministry statement. The US ambassador to Israel, Tom Nides, said Washington "has made it clear to the Israeli government it opposes any steps that could...Singapore economy grows more than expected in 2022
Growth in the fourth quarter came in at 2.2 percent, sharply down from 4.2 percent in July-September, according to advance estimates by the trade ministry.


















































