Spain PM Sanchez says Gaza in ‘catastrophic situation of genocide’
Spanish Prime Minister Pedro Sanchez on Thursday said Gaza was in a "catastrophic situation of genocide" and urged the European...
Geostrategy
US hits back at accounts Iran moved enriched uranium before bombing
Trump, seeking credit for ordering military action and then quickly announcing a ceasefire between Israel and Iran, has lashed out...
Geostrategy
Geostrategy
UN envoy lands in Yemen, first trip after ceasefire
UN special envoy Hans Grundberg started his first visit to Yemen's rebel-held capital Monday, following an April 2 ceasefire that...
- The two-month ceasefire declared at the start of the Muslim holy month of Ramadan has largely held
- Grundberg has urged all parties to exercise "restraint", tweeting that he was "following very closely the latest developments in Marib"
Geostrategy
A Macron walkover? Moody French voters may need convincing
This time, a series of polls have suggested Macron would win 51 to 54 percent against 46 to 49 percent...
- Overall, the far-right veteran, fighting her third presidential campaign, scored highest among voters aged 25-34, at 30 percent.
- Macron did best only among voters aged 50 and older, though that demographic is historically more likely to go to the polls.
Business
Global stocks slide on Fed tightening and China prices
Asian stocks posted losses on Monday as unease lingered over tightening monetary policy by the Fed and rising prices in...
- The drop followed a negative lead from Wall Street
- In Tokyo, the Nikkei closed 0.6 percent lower, while Hong Kong and Shanghai lost more than three percent and two percent respectively
World Bank warns of bleak economic outlook for Ukraine, region
The conflict also has caused prices of grains and energy to soar.
- The World Bank's recent report has revealed that Russia will see an 11.2 percent decline in GDP as its economic consequences invading Ukraine
- World Bank has predicted that Ukraine's economy can collapse by 45.1 percent in 2022
Economy
Russia’s alarming hold over German energy infrastructure
The war in Ukraine has exposed not only Germany's dependence on Russian gas, but also the large share of Russian...
- The German subsidiaries of Russian giants Gazprom and Rosneft are key players in the energy landscape of Europe's biggest economy
- Gascade, one of the largest gas distribution network operators in Germany, is 50.03-percent owned by Gazprom Germania
Geostrategy
Polisario breaks ties with Spain as Western Sahara crisis deepens
Spain on March 18 said it had agreed to publicly recognize Rabat's autonomy plan — a longtime demand from Morocco...
- Morocco sees the Western Sahara as an integral part of the kingdom and proposes autonomy for the region
- The Polisario waged a long and armed struggle for independence from Morocco before reaching a ceasefire in 1991
Business
Future uncertain for Germany refinery fed on Russian oil
The PCK refinery in Germany has been processing crude oil from Russia since before reunification, but a looming ban on...
- The PCK refinery is located in the town of Schwedt in former East Germany near the Poland border
- It employs 1,200 people, and many local businesses depend on the custom it brings to the area
Business
Musk not joining Twitter board: CEO
Parag Agarwal announced on Tuesday that Musk was joining the board.
- Elon Musk, who became the largest shareholder after buying 73.5 million shares in Twitter, has decided not to join its board
- A day earlier, Musk called out users who were followed by millions and billions of people on Twitter but rarely posted on it
Egypt economist dies, police denies ‘forced disappearance’
"According to official records in the prosecution, (Ayman) died on March 5," his brother Omar Hadhoud, a lawyer, told AFP.
- "According to official records in the prosecution, (Ayman) died on March 5," his brother Omar Hadhoud, a lawyer, told AFP
- The interior ministry meanwhile said on Sunday that Hadhoud was placed in a psychiatric facility on February 6
Geostrategy
Israel ‘on offensive’ after Tel Aviv attacks, Jenin camp on alert
Israeli forces Sunday raided the flashpoint West Bank district of Jenin, home of gunmen who launched two recent deadly attacks...
- Israeli authorities demanded that Fathi Hazem -- the father of the late 28-year-old Tel Aviv shooter who killed three Israelis -- turn himself in
- Tensions have surged in the West Bank during the Muslim holy month of Ramadan, the Hamas-ruled Gaza Strip, leading to 11 days of devastating conflict
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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
Spain PM Sanchez says Gaza in ‘catastrophic situation of genocide’
Spanish Prime Minister Pedro Sanchez on Thursday said Gaza was in a "catastrophic situation of genocide" and urged the European...
Geostrategy
Company News
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AI in focus as world’s biggest mobile fair gets underway in Spain
Barcelona, Spain - The world's biggest mobile phone fair throws open its doors in Barcelona Monday with the sector looking to...
Business
UAE removed from international money laundering grey list
Countries on the grey list have "strategic deficiencies" in their efforts to counter money laundering and terrorist financing but are...
Geostrategy
UAE to invest $35 billion to help solve currency crisis: Egypt PM
Madbouly said the investment would "contribute to resolving" a hard currency crunch which has threatened Egypt's ability to service its...
Business
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Geostrategy
‘On edge of monumental disaster’: Israel hits southern Gaza
"I fear we are on the edge of a monumental disaster with grave implications for regional peace, security and human...
- Israeli bombardment obliterated one house and left a gaping hole in the earth east of Rafah, on the border with Egypt, where about 1.4 million Gazans have converged.
- Israel's bombardment of Gaza has killed at least 29,514 people, mostly women and children, according to the latest count by Gaza's health ministry.
Business
Shipping insurance rates soar on Red Sea missile attacks
Maritime container transport has sunk by almost one third so far in 2024 compared with a year earlier, according to...
- The Houthis have carried out relentless attacks since November on shipping transiting the Red Sea, a maritime hub through which 12 percent of global trade usually passes
- Premiums for ships have "increased significantly" following the Houthi attacks, according to Frederic Denefle, head of Garex, a French firm specialized in marine risk insurance
Arts & Culture
Music beats the blues in Tunisian youth project
Local children and teenagers come together in the afternoon to compose and rehearse music for a creative break from their...
- The after-school music club project is called Tunisia 88 - a reference to the number of keys on a piano - and aims to get youngsters to develop their creative and leadership skills
- It has engaged 5,000 to 10,000 youths a year across Tunisia's almost 600 schools since it was founded in 2017 by US pianist Kimball Gallagher and Tunisian Radhi Meddeb