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The Latest Breaking News from Middle East

Who owns Boots? Boots owner holds May deadline for £6billion bids to buy UK retailer

The new deal would have Boots undergo expansion into India, the Middle East and Southeast Asia.

Nottingham Post

IMF Asserts Private Sector's Role in Boosting Egypt’s Economy

The International Monetary Fund stressed the role of the private sector in boosting the Egyptian economy, currently facing ongoing challenges and difficulties. IMF Middle East and Central Asia Director Jihad Azour said in a press conference that the role of the private sector in Egypt is essential, and the state…

Asharq Al-Awsat

IMF Projects GCC Growth to Accelerate to 6.4%

The International Monetary Fund (IMF) said the Russian invasion of Ukraine is significantly affecting the growth prospects of the developing economies in the Middle East and North Africa (MENA), while oil-exporting countries benefit from higher crude prices. In its "Regional Economic Outlook: the Middle East and Central Asia," the IMF…

Asharq Al-Awsat

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Ukraine War to Curb Central Asian Economy, Oil Cushions Middle East, Says IMF

The war in Ukraine will sharply reduce economic growth in the Central Asian region in 2022, although higher oil prices will lessen the impact for the Middle East and North Africa, the International Monetary Fund said on Wednesday. Both regions will still feel the effect of surging commodity prices, and…

Asharq Al-Awsat

Ford Taurus Still Lives, Gets A Hefty Makeover For Middle East Market

The 2023 model features a digital cockpit, 2.0-liter EcoBoost power, and Mustang-themed taillights.

Motor1

New Zealand commits to three peacekeeping deployments

New Zealand said on Tuesday it had extended its commitment to three deployments that support peace in the Middle East and Africa.

Reuters

War significantly disrupting Ukraine’s food production and posing threat to global food security, UK warns

MoD issues stark warning amid concerns conflict could cause food shortages in Africa and Middle East

The Independent UK

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Historians to Trump: You're fired!

"The Presidency of Donald J. Trump" offers a wealth of valuable perspectives — but fails to measure the danger

Salon

Revolution and the arts: how Picasso inspired the Arab world

What were the connections between the Spanish artist Pablo Picasso and contemporary artists across the Middle East and north Africa? That is the question raised by the Institut du Monde Arabe in the French city of Tourcoing, with an exhibition reuniting 70 works by artists from Algeria to Syria –…

Radio France Internationale

A new Latin American restaurant boasting live music and 'extraordinary' cocktails is coming to Manchester

MNKY HSE (pronounced Monkey House) has already made a name for itself in London and the Middle East

Manchester Evening News

RSLs lack young veterans for Anzac Day events as NSW president calls for change

An ageing RSL volunteer force for Anzac Day events sparks fears for future services, prompting the NSW president to call for sub-branches to be more welcoming of new veterans.

ABC News

Marlboro Maker Philip Morris Clocks 2.1% Revenue Growth In Q1

Philip Morris International Inc (NYSE:PM) reported first-quarter FY22 sales growth of 2.1% year-on-year to $7.75 billion, beating the consensus of $7.43 billion. Cigarette and heated tobacco unit shipment volume rose by 3.5% Y/Y, with 8.3% growth in the Middle East & Africa. Marlboro cigarette shipment volume increased 6.7%, mainly driven by PMI Duty-Free, the Philippines,…

Benzinga

Dozens of Australian RAAF pilots are operating drone strikes from the United Kingdom, Defence Department confirms for the first time

Australia's Department of Defence for the first time confirms the total number of RAAF pilots deployed to the United Kingdom on a secretive mission to remotely operate British armed drones over the Middle East.

ABC News

Read How Analysts Reacted To Halliburton's Q1 Results

Analysts updated ratings and price target for Halliburton Company (NYSE:HAL) after Q1 results. Citi analyst Scott Gruber raised the price target to $48 (an upside of 19.6%) from $44 while maintaining the Buy rating on the shares. Gruber states that expectations for HAL were high coming into the quarter. The analyst utilizes 38% increments in…

Benzinga

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Benzinga

Jack Ma's Alibaba Fintech To Grab Majority Ownership Of This Payments Platform

Jack Ma founded Alibaba Group Holding Ltd (NYSE:BABA) fintech affiliate, Ant Group, is set to become the majority investor in Singapore-based payments platform 2C2P as part of a partnership, Reuters reports. The deal will integrate Ant's Alipay+ payment service with 2C2P's platform used by merchants in Asia, Europe, the Middle East, and the Americas.…

Reuters

Putin discusses Russia-Ukraine talks, Middle East with Palestinian leader Abbas

Russian President Vladimir Putin held a phone call with Palestinian President Mahmoud Abbas about negotiations between Russia and Ukraine, the Kremlin said on Monday.

Asharq Al-Awsat

Mitsubishi to Transfer Hydrogen Technology, Ammonia, High-Efficiency Equipment to Saudi Arabia

Koichi Nakagawa, Research Director and Chief Consultant at the Mitsubishi Research Institute (MRI) Middle East, revealed that Mitsubishi is planning to launch a number of understandings in Riyadh to strengthen partnerships with Saudi government agencies in the field of research and consultancy. These understandings would help transfer knowledge and technologies…

Bangkok Post

Thailand mulls more FTAs to expand export markets

Thailand is scheduled to study free trade agreements (FTAs) with countries in the Middle East, Africa and Latin America by the second half of this year, a move to expand new export markets.

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Asharq Al-Awsat

Yemeni Gov’t Prioritizes Peace Despite Houthi Truce Violations

Yemen’s official government has renewed its prioritizing of peace and support for international efforts to end the war with Houthi militias despite the latter’s continued escalation and violations against the UN-sponsored truce that went into force on April 2. “The government has chosen the path of peace in order to…

Asharq Al-Awsat

Jerusalem Clashes Raise Fears of Wider Conflict

One year after events in Jerusalem led to war in Gaza, clashes during the Muslim holy month of Ramadan are raising fears of renewed Israeli-Palestinian conflict, with leaders on both sides warning of possible escalation. At least 152 Palestinians were wounded when Israeli riot police entered the Al-Aqsa mosque compound…

Asharq Al-Awsat

World Bank: War in Ukraine Raising Risks for MENA

The war in Ukraine has "multiplied risks" for the Middle East and North Africa's poorer countries by raising food and energy prices, the World Bank said Thursday, warning of potential social unrest. In its latest update to its MENA growth forecast, the development lender said inflationary pressures set off by…

Asharq Al-Awsat

Nissan: Dynamism of Saudi, UAE Markets a Key Factor for Company’s Regional Growth

Nissan’s Chairperson for the region of Africa, Middle East, India, Europe and Oceania (AMIEO) Guillaume Cartier said the vehicle market in Saudi and the United Arab Emirates will witness growth in the coming period thanks to favorable government policies that attract investments. In an exclusive interview with Asharq Al-Awsat, Cartier…

Al Jazeera

Should Middle East climate change be tackled with nuclear energy?

Nuclear power can help transition away from fossil fuels, but for Middle East nations there are dangers at every turn.

Reuters

EU plans to counter Russia with food diplomacy in North Africa, Balkans

The EU aims to address rising wheat and fertilizer prices and expected shortages in the Balkans, North Africa and the Middle East with "food diplomacy" to counter Russia's narrative on the impact of its Ukraine invasion, EU diplomats and officials say.

Motorsport

Ten things we learned from the 2022 Australian Grand Prix

Formula 1 rolled into Albert Park for the first time since the cancelled 2020 event with a party atmosphere after some intense races in the Middle East. Ferrari’s Charles Leclerc asserted his dominance as Max Verstappen suffered more mechanical anguish, while there were talking points aplenty up and down the…

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