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The Latest Breaking News from Middle East

Hilton Hotels Reports Mixed Q1 Results; Q2, FY22 EPS Outlook Misses Consensus

Hilton Hotels Corp (NYSE:HLT) reported first-quarter FY22 sales growth of 96.9% year-on-year to $1.72 billion, missing the consensus of $1.76 billion. Franchise and licensing fees revenue rose 70.7% Y/Y, and the Owned and leased hotels revenue increased 167.8%. The occupancy rate for the quarter was 61.8% in the U.S., 47.9% in Europe, and…

Benzinga

Russia and the U.S.: Dance of death

Doddering Cold War adversaries are marching toward war: For their decrepit elites, it's literally the last hurrah

Salon

Below the radar: How an Indian tycoon’s petrochemicals empire quietly dodged Iran sanctions

Indian tycoon Yogesh Mehta is not shy about his success. In dozens of interviews, YouTube videos, and Twitter posts, he recounts how his hard work and ingenuity made his Dubai-based business, Petrochem, the number one chemical distributor in the Middle East and Africa.

Newslaundry

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After the War

In the aftermath of Russia's invasion of Ukraine, it's time for Europe to step up and America to step back.

Reason

Rice magnate with Middle East-based firm revealed as major Tory donor

Karan Chanana’s £220,000 donation to the Conservatives turns spotlight back on laxity of rules banning contributions from foreign companies

The Guardian - UK

Iraqi police seize more than 6 million Captagon amphetamine pills

Syria is the Middle East’s main producer of the drug Captagon and Saudi Arabia is the main consumer market.

Al Jazeera

Migrants turned away at Belarus-Poland border: 'We see families and people with disabilities'

Several humanitarian organisations have been concerned since March about new cases of violence and migrants being pushed back at the border between Poland and Belarus. Last year, thousands of people from Afghanistan, the Middle East and central Africa tried to reach the European Union by illegally entering Poland. Warsaw accused…

France 24

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Musk's Twitter deal stirs fears of abuse in Asia, Middle East

Elon Musk's plan to acquire Twitter has alarmed human rights activists in Asia and the Middle East, where social media platforms have been accused of inciting violence.

Bangkok Post

US House Passes Stop Iranian Drones Act

The US House of Representatives unanimously passed the Stop Iranian Drones Act (SIDA) to end its drone program and impose sanctions on its supporters. The bill was approved by 424 votes against two and required approval from the Senate and a presidential signature to become law. Republicans Tom Massie and…

Asharq Al-Awsat

Smith & Nephew Posts Q1 Sales Growth As Elective Procedures Rebound

Smith & Nephew PLC (NYSE:SNN) posted Q1 revenue of $1.31 billion, up 3.3% on a reported basis (including -2.6% currency effect) and up 5.9% on an underlying basis. Sports Medicine & ENT revenue up 8.6% underlying. Advanced Wound Management revenue up 8.0% underlying and Orthopedics revenue up 2.6% underlying Established Markets revenue…

Benzinga

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

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

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Motor1

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.

Reuters

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.

The Independent UK

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

Salon

Historians to Trump: You're fired!

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

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Radio France Internationale

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 –…

Manchester Evening News

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

ABC 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.

Benzinga

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,…

ABC News

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.

Benzinga

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

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.…

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