Iran says not seeking nuclear weapons but will assert ‘legitimate rights’
As a fragile ceasefire with Israel took hold after 12 days of fighting that also included US strikes, Pezeshkian told...
Geostrategy
Iranian ballistic missiles target US base in Qatar, the largest in Middle East
No casualties reported in the attack that came a day after the US attacked three key nuclear facilities in Iran....
Geostrategy
At least 6 workers die in Oman rockslide, many go missing
At least six workers were killed and others missing after rockslides engulfed a quarry in northern Oman on Sunday, emergency...
- Further slides in the wake of the deadly collapse were hampering rescue efforts at the quarry in Ibri
- Footage posted by the CDAA showed a towering cliff face crumbling onto the quarry below
Geostrategy
Sanctions on Iran’s revolutionary guards to stay despite nuke deal: US
Iran has been engaged in negotiations to revive the accord with Britain, China, France, Germany and Russia directly and the...
- The Guards are on the list because of Iran's action supporting the Syrian government and Yemen's Houthi rebels.
- The United States designated the Guards as a "foreign terrorist organization" under then-president Donald Trump in April 2019.
Geostrategy
Iran hits back at US criticism over arms display at Qatar show
Iran on Sunday said it has the "right" to showcase its military equipment, after it was criticized by the US...
- Iran had a large display of models of its aircraft, missiles and other military equipment at the show, which also featured a visit by naval vessels of different countries.
- Qatar is a close US ally, hosting the regional headquarters of the Pentagon's Central Command at the Al-Udeid Air Base.
Geostrategy
EU envoy holds talks in Iran to bridge nuclear deal gaps
The EU's coordinator for talks to restore the 2015 nuclear deal met Iran's chief negotiator Sunday in Tehran, state media...
- European Union diplomat Enrique Mora, who coordinates talks between Iran and the US, arrived in Tehran late Saturday and on Sunday met Iran's chief negotiator Ali Bagheri
- His visit comes as EU foreign policy chief Josep Borrell on Sunday saw a renewed accord within "days"
Economy
Meat off the menu in crisis-hit Lebanon as poverty bites
The Lebanese pound has lost more than 90 percent of its value on the black market, more than 80 percent...
- Imported red meat price has been increased five times in Lebanon which is more than the monthly minimum wage of 675,000 Lebanese pounds ($33)
- Increasing transport costs has forced Lebanon to import 40 containers of frozen meat which used to import more than 70 containers every month
Geostrategy
US top diplomat in Israel for landmark Arab talks
According to US officials, discussion over the nuclear deal with Iran and global wheat shortage caused by the Ukraine war...
- Antony Blinken will visit Algeria and Morocco to hold talks with Abu Dhabi Crown Prince Mohammed bin Zayed to support Ukraine
- Blinken is also expected to meet the Palestinian president in West Bank, where the US consulate issue 'will certainly be a topic of discussion'
Business
How Ukraine war left China’s ‘Nickel King’ on hook for billions
The nickel market is dominated by a handful of players, including Tsingshan, founded by Xiang Guangda.
- The silver-white metal's price hit a record $100,000 per ton as western sanctions were imposed on Russia for invading Ukraine
- Official data has revealed that China holds around 100,000 tons of nickel in state reserves
Economy
New world order? Pandemic and war rattle globalization
According to a professor at Ghent Institute, the pandemic did not bring radical changes in terms of reshoring but the...
- The Ukraine crisis has highlighted Europe's and especially Germany's heavy dependence on gas supplies from Russia
- The US warned China that if it provided material support to Russia against Ukraine, it would would face 'consequences'
Business
In a ‘dangerous’ land: tourists trickle back to Iraq
Retirees and YouTubers, on package tours or lugging backpacks, are braving Iraq's still basic tourist infrastructure to visit ancient sites...
- Western governments still issue travel warnings for tourists heading to Iraq, highlighting the risks from kidnappings and bombings
- Around 107,000 tourists visited Iraq in 2021, which is three times more than the number in 2020
Business
Russians can do business in Turkey, says minister
Turkey’s Foreign Minister Mevlut Cavusoglu has said Russia's oligarchs can continue to do business in his country so long as...
- The measures targeting the possessions of Russia's oligarchs were not approved by the UN but by western countries
- They have imposed measures against Russia like placing oligarchs and other individuals close to Putin on sanctions lists
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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
Iran says not seeking nuclear weapons but will assert ‘legitimate rights’
As a fragile ceasefire with Israel took hold after 12 days of fighting that also included US strikes, Pezeshkian told...
Geostrategy
Company News
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Saudi open banking market expected to hit $43bn by 2026: El-Kuwaiz
Riyadh, Saudi Arabia -- Saudi Arabia's open banking market is expected to expand from $7 billion in 2018 to around...
Business
‘160-year-old story’: Abraham Lincoln pardoned Joe Biden’s ancestor
The "slender sheaf of 22 well-preserved pages of his trial transcript, unobtrusively squeezed among many hundreds of other routine court-martial...
Geostrategy
Gaza war effect: Israel’s GDP shrinks by 20% in the last quarter of 2023
Overall, Israel's GDP grew by 2.0 percent in 2023, short of the 2.3 percent projection made by the Bank of...
Geostrategy
Most Read
Booed Israeli swimmer says she felt safe in Qatar
Israeli swimmer Anastasia Gorbenko faced crowd jeering at Qatar's World Acquatics Championships after winning a silver medal in the women's...
- Gorbenko took silver in the 400m freestyle but the crowd in Qatar whistled when she went up to collect her medal
- Israeli swimmer said she had no misgivings about going up to collect her medal, despite the hostile reception
Geostrategy
Palestinians accuse Israel of ‘apartheid’ at UN top court
"The Palestinians have endured colonialism and apartheid... There are those who are enraged by these words. They should be enraged...
- Nations including the United States, Russia, and China will address judges at the Peace Palace in The Hague, seat of the International Court of Justice (ICJ).
- The minister urged the court to declare the occupation illegal and order it to stop "immediately, totally and unconditionally."
Geostrategy
Norway deal averts Palestinian financial collapse: govt
The portion of the revenues that Israel will transfer to Norway will remain in a Norwegian account until the parties...
- Under a 1994 agreement, the PA receives taxes that Israel collects on its behalf -- but Israel has withheld some of these since Hamas's attack
- The Palestinian Authority has refused to accept any transfers unless Israel changes its decision, an impasse that has lasted for several months