The Latest Breaking News from Middle East

The latest sneakers collection launch of Balenciaga includes 100 pairs of limited edition sneakers which are extra destroyed. These sneakers which look worn out, to say the least, are selling online in Europe, with the United States and Middle East stores following suit on May 16, and Japan on May…

Myovant Sciences Ltd (NYSE:MYOV) and Accord Healthcare Ltd have entered into an exclusive license agreement to commercialize Orgovyx (relugolix) for advanced hormone-sensitive prostate cancer in the European Economic Area, the U.K., Switzerland, and Turkey. Accord has the right to the first negotiation if Myovant decides to enter into licensing arrangements in countries in the Middle…

Russian Deputy Foreign Minister and Special Presidential Representative for the Middle East and North Africa Mikhail Bogdanov held on Thursday a comprehensive round of talks with a visiting Hamas delegation in Moscow. The Russian diplomat said the meeting was useful and constructive, according to the official Tass news agency.

Kellogg Company (NYSE:K) reported first-quarter FY22 sales growth of 2.4% year-on-year to $3.67 billion, beating the consensus of $3.59 billion. Adjusted EPS of $1.10 beat the analyst consensus of $0.93. Kellogg North America's sales decreased 1%, Europe climbed 2%, Latin America's sales gained 8%, Asia Pacific, Middle East, and Africa's sales jumped 12%.…

The Saudi Ministry of Communications and Information Technology (MCIT) is holding meetings with major US technology companies and innovation and space centers. Minister Abdullah al-Swaha and the accompanying delegation will launch Thursday a series of meetings with the US companies to boost the Kingdom's leading role as a regional center…

Bentley is expected to announce a new car next week

The billionaire pledged changes that could mean the ‘end of online anonymous activism’ for thousands in the Middle East.

German and Saudi investors signed partnerships to enhance critical security infrastructure with the aim to establish the first factory in the Middle East for the manufacture of technological equipment and supplies and the production of large data centers. Sem Köksal, CEO and partner of Legacy Technologies, revealed his recent endeavors…

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…