According to a statement from the Public Investment Fund (PIF) of Saudi Arabia, which was cited by Al Arabiya TV, the fund made its first investment in the satellite and space industries when it formed Neo Space Group. Neo Space Group, or NSG is the PIF's first space-related investment. It will concentrate on establishing and growing Saudi Arabia's commercial space operations and offering...

Tehran has once more added 20.6 kg of enriched uranium to its stockpile during the quarter, compared to the information available during the time of the IAEA assessment in February, reports Associated Press referring to the agency's quarterly report. As a result, Iran currently has 142.1 kg of uranium that has been enriched to 60% in storage. Nuclear weaponry requires uranium enrichment to a...

Tax hikes will pose the biggest risk for the next five years, believe billionaire families in Southeast Asia and the United States. Bloomberg, citing a survey by UBS Global Family Office, reports that the concerns about tax hikes surpassed even concerns about global geopolitical conflicts and climate change. The study looked at the opinions of firms established by the wealthiest family clans in...

According to the Ministry of Finance, Japan, the second-largest consumer of liquefied natural gas worldwide, imported 5.285 million tonnes of LNG (7.21 billion cubic meters after regasification) in April 2024, an increase of 17% over the same month the previous year. The sharp spike in buying came after three months of declining imports. Uneven shipment receipts between months are a common...

According to Ynet, officials in Israel said that the state had nothing to do with the crash of a helicopter that carried Iranian President Ebrahim Raisi. The helicopter carrying Iranian Foreign Minister Hossein Amir-Abdollahian and Raisi crashed in the the country's northwest, according to earlier reports from Iranian media. Search and rescue teams have reached the scene of the incident....

The region will profit economically from the 2024 Summer Olympics in Paris by an amount ranging from €6.7 billion to €11.1 billion. The International Olympic Committee (IOC) press office claims that the 2024 Olympic Games in Paris will be "economically beneficial" for the host city. It is mentioned that the Games might generate up to €11.145 billion to the Paris region between 2018 and 2034. In...

Scheduled discussions between Egyptian and Israeli officials have been canceled because of growing discord, according to a report by the i24 TV channel. The station claims that the issues stem from Cairo's apprehension over Israeli military actions in the town of Rafah, which is located on the Gaza Strip's border with Egypt. According to i24, the ruling came about as a result of Egypt endorsing...

The Financial Times reports that Apple has received warnings from the British News Media Association regarding the potential impact of adding an online ad blocking capability to iOS 18 on the financial viability of journalism. The Financial Times cited a letter the UK's News Media group (NMA) issued to Apple's head of government relations in the UK, which says that the group has cautioned Apple...

According to sources cited by Reuters, India is expected to face its worst power outage in 14 years in June as a result of a decline in the production of hydroelectric power. "India is forecast to have its biggest power shortage in 14 years in June following a slump in hydroelectric power generation," the newspaper writes. The agency's government source stated that additional delays in the...