Search Site

Trends banner

US

TomTom cuts 300 jobs

The firm said it was realigning its organization as it embraces AI.

Aldar nets $953m in sales at Fahid

Aldar said 42 percent of the buyers are under the age of 45.

Qualcomm to Alphawave for $2.4 bn

The deal makes Alphawave the latest tech company to depart London.

Equinor signs $27 bn gas deal

The 10-year contract was signed with Centrica.

ADNOC Drilling secures $1.15bn contract

The contract for two jack-up rigs begins in the second quarter.
  • US hardwood lumber shipments to MENA reach $61 million in 2023

    Dubai, UAE -- American hardwood lumber (sawn timber) shipments to the Middle East and North Africa (MENA) region reached $61.14 million and a volume of 74,791 cubic meters in 2023, according to the American Hardwood Export Council (AHEC). Significant increases were seen in exports of American hardwood lumber to the...
  • Bitcoin crosses $50,000 for first time since 2021

    The cryptocurrency has enjoyed a strong run-in recent month, fueled by expectations US lawmakers would allow the creation of exchange-traded funds (ETFs) that track the price and let the public invest in crypto without directly purchasing it. The currency remains well below its record value of almost $69,000 in 2020,...
  • Jordan’s king urges Gaza ceasefire in talks with Biden

    Speaking at the White House while US President Joe Biden stood next to him, King Abdullah of Jordan said that "we cannot afford an Israeli attack on Rafah." He said that it will result in another humanitarian catastrophe, and called for a lasting ceasefire and that war must end.
  • UAE defends Israel ties, calls for two-state solution

    Despite maintaining its ties with Israel since the Israel-Hamas war began in October, the UAE has been at pains to express solidarity with Palestinians as anger mounted in the Arab world over the conflict.
  • Vessel reports missile attack off Yemen’s coast: security firms

    Another security firm, Ambrey, said the Marshall Islands-flagged, Greece-owned bulk carrier "was targeted by missiles in two separate incidents" within 20 minutes and "was reportedly hit and sustained physical damage on the starboard side". The Houthis, part of the anti-Western, anti-Israel "axis of resistance" of Iran-backed groups, have been targeting...
  • Iraq resumes talks with US on coalition forces exit

    According to the military spokesman for Iraq's prime minister, the discussions aim to schedule a timeline for a pullout of coalition forces from Iraq, leading to the end of its mission. He said the meetings will take place on a regular basis in order to achieve the commission's works as...
  • Bezos sells $2bn Amazon shares

    He reportedly intends to sell, next July, 50 million shares of the group.
  • US teens make efforts for Jewish-Muslim dialogue in New Jersey suburb

    TEANECK, US - They are only teenagers, but a pair of New Jersey high school students -- one Jewish and one Muslim -- are tackling an issue much bigger than themselves, bridging divides in their suburb shaken by the Israel-Hamas war.The effort originated soon after the October 7 attacks by Hamas...
  • Nissan profit drops to US$195m

    Its sales in China slumped 35% from April to December.
  • Yemen-based Houthis say 17 fighters killed in US strikes

    A total of 17 Houthi fighters were killed in US strikes, the Iran-backed Yemeni rebel group said through its official media. "The bodies of a number of martyrs of the nation as a result of the bombing of the American-British aggression were carried through Sanaa in a solemn funeral procession,"...
  • World’s biggest flying lab comes to Asia on air pollution mission

    Clark, Philippines - NASA has kicked off a series of marathon flights in Asia with the world's biggest flying laboratory, in an ambitious mission to improve the models that help to forecast and fight air pollution.Millions of deaths each year are linked to air pollution, and improving the ability to identify its sources...
  • DMCC witnesses 10 percent rise in US companies in 2023

    DUBAI, UAE – DMCC successfully concluded its most recent Made for Trade Live tour of the US, hosting events in New York, Brooklyn and Washington DC as it continues to build on growing bilateral trade and investments between the two countries.In 2023, DMCC saw a rise of over 10 percent...
  • Iranian President Raisi accuses US of disrupting Middle East security

    "The presence of US forces in our region has no justification," Raisi said in a Tehran ceremony ahead of the 45th anniversary of Iran's Islamic revolution on February 12.
  • Israeli strikes kill 10 including six civilians in Syrian city of Homs

    "Ten people, including six civilians and two Hizbollah fighters, were killed in Israeli strikes on a building in the Hamra neighborhood of Homs," the head of the Syrian Observatory for Human Rights, Rami Abdel Rahman, told AFP. The strikes completely levelled the building in one of the city's most affluent...
  • Blinken in Israel voices hope for Gaza truce deal to free hostages

    "There's a lot of work to be done, but we are very much focused on doing that work and hopefully being able to resume the release of hostages that was interrupted" after a week-long truce in November, he said. The US top envoy, on his fifth Middle East tour since...
  • Israeli air strikes on Syria’s Homs kill five people

    The Syrian Observatory for Human Rights said that five people have been killed including three civilians, and seven others were injured in Israeli strikes on a building in the Hamra neighbourhood of Homs city. The country's defence ministry reported that "the Israeli enemy launched air strikes targeting a number of...
  • British-owned cargo ship hit by drone off Yemen in latest Houthi attack

    Houthi military spokesperson Yahya Sarea said last week that the movement's armed forces had targeted an American merchant ship named KOI with "several appropriate naval missiles". The ship, he said, had been heading to "the ports of occupied Palestine", a phrase which is sometimes used to mean Israel.
  • China, Russia blame US for stoking Middle East tensions

    The US forces targeted many positions in Syria and Iraq in retaliation for a drone attack on a base in Jordan that killed three US soldiers. The strikes, which targeted elite Iranian units and pro-Iranian militant groups, have led to fears that the ongoing war in Gaza could spiral into...
  • WW3 may begin before US President Biden’s term ends, Trump says

    NEW YORK, US - World War III may break out before US President Joe Biden leaves office, former US president Donald Trump told Fox News. Trump said that Biden is failing to deal with his responsibilities as head of state."You know, nine months (before the election) is a long time....
  • Spain to increase UNRWA funding after donors suspend aid

    MADRID, SPAIN -  Spain said on Monday that it would give an additional US$$3.8 million (3.5 million euros) in aid to the UN Palestinian refugee agency UNRWA, which is facing a cash crunch after several nations suspended their funding.Over a dozen countries, including major donors the United States, Germany, Britain and...
  • Turkey’s inflation 65% in Jan, piles pressure on central bank

    Istanbul, Turkey - Turkey's annual inflation rate stayed stable in January at nearly 65 percent, but month-on-month consumer price increases jumped sharply following a huge minimum wage hike, official data showed Monday.The year-on-year inflation rate moved to 64.86 percent -- up a notch from 64.77 percent in December, the TUIK statistics...
  • Blinken to arrive in Middle East to press for truce

    The US secretary of state is expected to discuss a proposed truce hammered out in a Paris meeting in January of top US, Israeli, Egyptian and Qatari officials. The diplomatic push has become more urgent with the surge in attacks by Iran-backed groups in solidarity with Hamas, triggering counterattacks by...
  • Irbid chamber industrial exports up

    The value of certificates of origin issued stood at US$65m.
  • Hamas weighs Gaza truce as fighting nears fifth month

    The Gaza health ministry said that at least 127 people were killed in Israeli strikes in the previous 24 hours in the territory. A kindergarten where families were sheltering was hit in Rafah, which is teeming with Palestinians displaced by the war, ahead of another visit to the region by...
  • Hamas weighs Gaza truce as Israeli onslaught nears fifth month

    French Foreign Minister Stephane Sejourne was in Egypt and US Secretary of State Antony Blinken expected in the region in the coming days to push for a ceasefire and hostage release. The health ministry in the territory, most of which has been left uninhabitable by Israeli bombardments, said at least...
  • Tunisia’s Jabeur supports Saudi Arabia after criticism from tennis greats

    Abu Dhabi, United Arab Emirates--Tunisian tennis star Ons Jabeur on Saturday threw her support behind the potential staging of the WTA Finals in Saudi Arabia, urging critics to be "more informed" on the Kingdom's interest in the sport.Jabeur, a three-time Grand Slam finalist and former world number two, said she was...
  • US and UK bomb Houthi targets in joint air raids

    Scaling up attacks in the Middle East, US and UK carried out joint air raids in Yemen after a separate wave of US strikes on targets in Iraq and Syria carried out in response to the killing of three US soldiers in Jordan. It is the third time the western...
  • Hamas says US strikes in Iraq and Syria is putting ‘oil on fire’

    Palestinian group Hamas condemned overnight US strikes in Iraq and Syria, saying Washington had poured "oil on the fire" in the Middle East. The US "bears responsibility for the consequences of this brutal aggression against both Iraq and Syria, which pour oil on the fire," the group said in a...
  • Civilians among 16 killed in Iraq by US strikes on pro-Iranian group

    The strikes hit "locations in the Akashat and Al-Qaim regions, including areas where our security forces are stationed", Awadi said. The United States carried out the strikes on Friday in retaliation for the killing of three US military personnel in a drone attack on a base close to Jordan's border...
  • No Middle East escalation, urges EU foreign policy chief after US strikes

    European Union foreign policy chief Josep Borrell called on all parties to avoid further escalation in the Middle East after US strikes on Iran-linked groups in Syria and Iraq. "Everybody should try to avoid that the situation becomes explosive," Borrell said at a meeting of EU foreign ministers in Brussels.
  • Naver profit jumps 129% in Q4

    The company said it posted a net profit of US$227.4 million.
  • Hamas gives ‘initial’ approval to plan for Gaza war pause

    A Hamas source had told AFP the three-stage plan would start with an initial six-week halt to the fighting that would see more aid deliveries into Gaza. Only "women, children and sick men over 60" held by fighters would be freed during that stage in exchange for Palestinian captives in...
  • Assailant takes hostages in Gaza protest in Turkey, says police

    ISTANBUL, TURKEY - An assailant on Thursday took a number of people hostage at a plant owned by US cosmetics giant Procter & Gamble near Istanbul in protest at the war in Gaza, a police spokesman said.It was not immediately clear how many people were being held at the plant, which...
  • US to sell drones worth $4bn to India to bolster its defenses against China

    The United States approved a $4 billion sale of state-of-the-art drones to India, offering a new edge to the growing US partner. The sale marks a milestone in Indian purchases of American weapons after New Delhi's reliance on weapons from Russia, which have been increasingly controversial due to sanctions over...
  • GCC central banks mimic Fed, hold interest rates steady

    Abu Dhabi, UAE--In a significant move that underscores the interconnectedness of global monetary policies, central banks across the Gulf Cooperation Council (GCC) have announced decisions to hold their interest rates steady, mirroring the recent actions of the US Federal Reserve. This collective stance reflects a cautious approach to navigating the...
  • US targets Houthi and Iranian drones in fresh strikes

    CENTCOM earlier announced that the USS Carney had shot down an anti-ship ballistic missile fired by the Houthis, and then downed three Iranian drones less than an hour later. It did not specify if the drones shot down by the naval destroyer were designed for attack or surveillance.
  • Houthi rebels target commercial vessel with a missile

    Maritime security firm Ambrey said that a merchant ship had been targeted with a missile in southwest of Aden, Yemen. The vessel has reported an explosion on board, Ambrey said. The security firm said it was aware that a missile was fired from Taiz. It comes after Houthis claimed an...
  • Former Pakistan PM Imran Khan handed 10-year prison term

    Islamabad, Pakistan - Former Pakistan prime minister Imran Khan was sentenced on Tuesday to 10 years in prison, less than two weeks before the country votes in an election his party has been hamstrung from contesting.Pakistan goes to the polls next Thursday in an election already marred by allegations of pre-vote...
  • UPS says will cut 12,000 jobs

    The move comes as UPS seeks to "align" its resources.
  • Saudi envoy to US deplores Western media criticism of women rights in kingdom

    Washington D.C., US--– Saudi Arabia's ambassador to the US, Reema Bandar Al-Saud, has expressed disappointment with recent media criticism of the kingdom's hosting of the Women's Tennis Association Finals and broader issues concerning women's rights in Saudi Arabia. In response to an opinion piece published by The Washington Post, she...
  • We want complete ceasefire, not temporary truce: Hamas

    Taher al-Nunu, a senior Hamas official, said his group wanted a "complete and comprehensive ceasefire, and not a temporary truce." Speaking to AFP, he said that once the fighting stopped "the rest of the details can be discussed" including a hostage release. Qatar, Egypt and the US have led mediation...
  • Gaza bombing continues amid fears of wider regional conflict

    Israel's relentless military offensive has since killed at least 26,422 people in Gaza, most of them women and children, according to the territory's health ministry. The Gaza war has forced more than one million Palestinians to flee to the far-southern Rafah area near the Egyptian border, according to the UN,...
  • Iran denies links to Jordan drone strike that killed 3 US troops

    US President Joe Biden said on Sunday that "radical Iran-backed fighters groups operating in Syria and Iraq" were behind the strike on the frontier base in Jordan's northeast. British Foreign Secretary David Cameron reiterated a call for Iran "to de-escalate in the region".
  • Iran puts to death men convicted of spying for Israel

    The four defendants, identified as Mohammad Faramarzi, Mohsen Mazloum, Wafa Azarbar, Pejman Fatehi, were arrested in July 2022 and accused of plotting to carry out an operation in Isfahan. "The death sentence of a group affiliated with the Zionist spy organization was carried out this morning," Mizan Online reported.
  • Philips to halt sales of sleep machines in US

    It posted losses to the tune of US$502m during the year 2023.
  • Houthi rebels open seized cargo ship to sightseers

    For about a dollar per trip, male-only groups of visitors can board wooden boats five times a week to the hijacked car carrier, which the Houthis hail as a trophy in their fight in solidarity with the Palestinians. On the deck of the Galaxy Leader, none of the visitors interviewed...
  • US vows to respond after troops killed in Jordan

    US President Joe Biden held Iran-backed fighters responsible for the killing of US troops and vowed to hold the perpetrators to account. It is the first time American soldiers have been killed by hostile fire in the region since Israel launched its war on Gaza, and the incident will further...
  • US, Egypt, Qatar and Israel officials in Paris talks for Gaza ceasefire

    French authorities were also in touch with these four countries with the aim of negotiating a halt to hostilities between Israel and the Palestinian militant group Hamas in the besieged territory, the sources said. A security source on Friday told AFP that CIA chief William Burns would meet his counterparts...
  • US Fed rate cuts become question of when, not if

    Washington, United States -- The US Federal Reserve is widely expected to start cutting interest rates in the coming months, as inflation edges closer to its long-run target of two percent.What is less clear, however, is when the first of those cuts will come.While the US central bank is almost certain...
  • UN chief asks donors for ‘continuity’ in Gaza agency operations

    The row between Israel and UNRWA follows the UN's ICJ ruling that Israel must prevent possible acts of genocide in the conflict and allow more aid into Gaza. Israel's envoy to the UN slammed Guterres, saying the UN chief had repeatedly ignored "evidence" presented to him regarding UNRWA's involvement in...