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May 17, 2023
GENEVA: Tariq Ramadan’s lawyers pleaded Wednesday for the controversial Islamic scholar to be acquitted on the third and final day of his trial in Geneva on charges of rape and sexual coercion. Prosecutors are seeking a three-year sentence for the former Oxford University professor, half served in jail and the other half suspended.
May 17, 2023
Saudi Ministry of Tourism has announced the signing of an agreement with InterContinental Hotels Group (IHG) and Tasheed Contracting Company for the development of 12 new hotels across the kingdom at an investment of SR1.3 billion ($346 million).
May 16, 2023
LONDON: The European Union on Monday approved Microsoft’s $69 billion purchase of video game maker Activision Blizzard, deciding the deal won’t stifle competition for popular console titles like Call of Duty and accepting the US tech company’s remedies to boost competition in cloud gaming. But the blockbuster deal is still in jeopardy because British regulators have rejected
May 16, 2023
DUBAI: State oil giant Abu Dhabi National Oil Co. said on Tuesday it has set a price range for an initial public offering of its marine and logistics unit that could raise up to $607 million and could give ADNOC Logistics & Services an equity valuation of as much as $4.05 billion. The price range for the unit was set at 1.99 dirhams ($0.5420) to 2.01 dirhams per share, the
May 16, 2023
RIYADH: The ongoing localization efforts in Saudi Arabia have helped provide job opportunities to over 500,000 Saudi nationals in the private sector since 2019, said a minister. Speaking on the sidelines of the Saudi Economic Association Conference, the Kingdom’s Minister of Human Resources and Social Development Ahmad Al-Rajhi revealed that the initiatives related to the
May 16, 2023
The World Health Organization called for caution on Tuesday in using artificial intelligence for public health care, saying data used by AI to reach decisions could be biased or misused. The WHO said it was enthusiastic about the potential of AI but had concerns over how it will be used to improve access to health information, as a decision-support tool and to improve
May 16, 2023
RIYADH: Oman received an upgrade on its issuer and long-term senior unsecured ratings to Ba2 from Ba3 with an expected positive outlook by Moody’s Investors Service. The change reflects the improvements in the country’s debt burden and debt affordability metrics during 2022 thanks to a massive increase in oil and gas revenue. This resulted in an elevation in the sovereign’s
May 16, 2023
Registration open in Tabuk festival due to kick off in June
May 16, 2023
CHICAGO: Tucked away in Brooklyn, New York, sits the Arab neighborhood of Bay Ridge, where between the Egyptian meat shop, Libyan café, and apartment buildings live Arab immigrants and first generation Arab Americans in 2023's “Between Two Moons” by award-winning author Aisha Abdel Gawad.
May 16, 2023
ABU DHABI: Abu Dhabi Motorsports Management and Flash Entertainment have officially integrated their activities and operations to launch a new powerhouse that will oversee events, entertainment, and venue management throughout the Middle East and globally. The company has been named Ethara, meaning thrill in Arabic, and will manage live events from offices in Abu Dhabi, Dubai,