Kuwait signs $4.1 billion deal with China to build port
Kuwait City, Kuwait -- Kuwait has signed a deal worth $4.1 billion with China to complete the construction of a...
Business
As diplomats gather in Miami, Kremlin denies three-way US-Ukraine-Russia talks in preparation
The Kremlin on Sunday denied that three-way talks between Ukraine, Russia and the United States were on the cards, as...
Geostrategy
Geostrategy
Netanyahu eyes hostage breakthrough as Gaza families mourn victims
His comments lifted hope for a new ceasefire in the devastating conflict in the Palestinian territory, after US President Donald...
- His comments lifted hope for a new ceasefire in the devastating conflict in the Palestinian territory, after Trump said he hoped a truce could be sealed within a week
- Netanyahu said that after his country's recent "victory" over Iran in their 12-day war, "many opportunities have opened up... first of all, to rescue the hostages."
Geostrategy
Iran voices ‘serious doubts’ over Israel commitment to ceasefire
"We have serious doubts over the enemy's compliance with its commitments including the ceasefire, we are ready to respond with...
- The 12-day war erupted on June 13, when Israel launched a bombing campaign in Iran that killed top military commanders and scientists linked to its nuclear programme
- The fighting derailed nuclear talks between Iran and the United States, which later joined its ally Israel's campaign with strikes on Tehran's nuclear facilities
Business
Trump metal tariffs wreak havoc on US factory
Belcamp, United States -- In the sweltering US summer, metal containers decorated with snowmen and sleighs are taking shape --...
- At Independent Can's factory in Belcamp, Maryland northeast of Baltimore, CEO Rick Huether recounts how he started working at his family's business at age 14.
- Huether, now 73, says he is determined to keep his manufacturing company afloat for generations to come. But Trump's tariffs are complicating this task.
Business
Indonesia begins $5.9 bn EV battery project despite environment fears
Jakarta, Indonesia -- Indonesia broke ground Sunday on a $5.9 billion megaproject for EV battery production backed by Chinese giant...
- Indonesia is the world's largest nickel producer and it is trying to capitalize on its vast reserves.
- The EV battery project will include a $4.7 billion investment on the eastern island of Halmahera and a $1.2 billion investment in West Java.
Arts & Culture
Star-studded Al-Hilal defense highlights Saudi club’s rise
Miami, United States -- The main appeal of the Club World Cup so far has been the chance to see...
- Saudi club Al-Hilal, coached by Simone Inzaghi, went unbeaten in the group stage, drawing with Real Madrid impressively.
- Al-Hilal’s defense includes former City full-back Joao Cancelo and ex-Napoli center-half Kalidou Koulibaly, both experienced internationals.
Economy
G7 to exempt US multinationals from global minimum tax
The deal will see US companies benefit from a "side-by-side" solution under which they will only be taxed at home,...
- Nearly 140 countries struck a deal in 2021 to tax multinational companies, an agreement negotiated under the auspices of he Organization for Economic Co-operation and Development.
- That agreement, deeply criticized by Trump, includes two "pillars," the second of which sets a minimum global tax rate of 15 percent.
Geostrategy
Israeli forces kill 37 Gazans, including nine children, some of them waiting for food aid
Civil defense spokesman Mahmud Bassal said 35 people were killed in seven Israeli drone and air strikes in various locations,...
- He said the dead included three children who were killed in an air strike on a home in Jabalia, in northern Gaza.
- Bassal said at least six more children died in a neighborhood in the northeast of Gaza City, including some in an air strike near a school where displaced people were sheltering.
Geostrategy
Morocco’s Atlantic gambit: linking restive Sahel to ocean
Dubai, UAE -- A planned trade corridor linking the landlocked Sahel to the Atlantic is at the heart of an...
- The "Atlantic Initiative" promises ocean access to Mali, Burkina Faso and Niger through a new $1.3-billion port in the former Spanish colony.
- The Moroccan initiative aims to "substantially transform the economy of these countries" and "the region", said King Mohammed VI when announcing it in late 2023.
Research
AI is learning to lie, scheme, and threaten its creators
In one particularly jarring example, under threat of being unplugged, Anthropic's latest creation Claude 4 lashed back by blackmailing an...
- Meanwhile, ChatGPT-creator OpenAI's o1 tried to download itself onto external servers and denied it when caught red-handed.
- For now, this deceptive behavior only emerges when researchers deliberately stress-test the models with extreme scenarios.
Geostrategy
Yemen’s Huthi rebels say fired missile at Israel
Yemen's Iran-backed Huthi rebels said they fired a ballistic missile towards Israel on Saturday, in response to Israel's conduct towards...
- In Israel, warning sirens sounded in several areas, before the army announced the "missile was most likely successfully intercepted."
- It was the first missile launch against Israel announced by the Huthis since the June 24 ceasefire between Israel and Iran which followed their 12-day war
Most Read
Revenue from Saudi cinema may exceed $1bn by 2030KSA, UAE play well as e-gaming trends across GCCExclusive: Middle East’s retail sector rides on AR and hybrid shopping to become $600bn digital economyTECOM Group profit soars 13%UAE startups eye Saudi Arabia for growth, expansionSaudi Arabia leads GCC AI healthcare raceDisparity remains as Saudis, Emiratis see wealth gains
Kuwait signs $4.1 billion deal with China to build port
Kuwait City, Kuwait -- Kuwait has signed a deal worth $4.1 billion with China to complete the construction of a...
Business
Company News
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Gold falls again as rally comes to halt, Asian markets drop
Gold and silver tumbled for a second day Wednesday, bringing a rally in the precious metals to a juddering halt,...
Economy
JD Vance voices ‘great optimism’ for Gaza truce on Israel visit, meeting with Netanyahu today
Despite concerns in Israel that Hamas has seized on the pause to reassert itself in Gaza, Vance said Washington would...
Geostrategy
World Bank estimates Syria reconstruction costs at $216 billion
"The conflict has damaged nearly one-third of Syria’s pre-conflict gross capital stock, with direct physical damages to infrastructure, residential buildings, and...
Geostrategy
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Geostrategy
Saudi Crown Prince to meet Trump in Washington next month
Riyadh, Saudi Arabia -- Saudi Arabia's Crown Prince Mohammed bin Salman will meet US President Donald Trump during a three-day...
- The Crown Prince will arrive on November 17 and discuss political, economic and security files with Trump the following day, the source said on condition of anonymity.
- Some media reports suggest Saudi Arabia is hoping for a US security agreement after Trump's executive order this month pledging to defend its neighbor Qatar from attacks.
Business
Iraq bans Roblox game platform citing ‘moral values’
Iraq has banned US gaming platform Roblox over what it described as sexual content, blasphemy and risks of online blackmail...
- The popular site, which lets players build their own games, has repeatedly been accused of failing to protect its youngest players in recent years
- Iraq's communications ministry said late Sunday that it wanted to "protect social order, preserve moral values" and "ensure the safety of internet users in Iraq."
Geostrategy
Lavrov and Rubio discuss Putin-Trump summit, Zelensky seeks invite to the meeting
Russia's top diplomat Sergei Lavrov and US counterpart Marco Rubio discussed preparations for an upcoming summit between Vladimir Putin and...
- Diplomatic efforts to end Russia's three-and-a-half-year invasion have stalled since Trump and Putin met for peace talks in Alaska in August
- The two announced last week that they would meet in Budapest for a second round of talks, but it was not clear whether Zelensky would attend