Oil prices spike after US strikes on Iran nuclear sites
Economists at MUFG warned of "high uncertainty of the outcomes and duration of this war", giving a "scenario analysis" of...
Economy
Massive US bunker-buster bombs make combat debut in Iran strikes
The US military says the GBU-57 -- also named Massive Ordnance Penetrator -- is designed to penetrate up to 200...
Geostrategy
Business
Egyptian pound loses 13% of its value against US dollar
The value of the Egyptian pound shed 13 percent against the US dollar on Monday, registering 17.80 pounds against the...
- The pound's value went from 15.70 to the dollar on Sunday to 17.80 at midday on Monday, according to rates on state-owned banks
- The currency in Egypt saw a sharp devaluation in 2016 when it lost nearly half its value against the dollar overnight
Science
Nations debate how to rid world of fossil fuels
Nearly 200 nations gathered Monday to grapple with a question that will outlive Covid-19 and Russia's invasion of Ukraine: how...
- A partial answer is set for April 4, in the form of a 3,000-page report from the UN's Intergovernmental Panel on Climate Change (IPCC)
- "The problem is getting worse," UN chief Antonio Guterres told a separate sustainability conference in London on Monday
Ukraine Rejects Putin’s Ultimatum to Surrender Mariupol
The UN has described the humanitarian situation in the city as "extremely dire" with "residents facing a critical and potentially...
- US president will meet leaders from NATO, the G7 and would also travel to Poland for crisis talks over Russian invasion
- Earlier Russia said that Ukraine had until 5am on March 21 to surrender, threatening a "court martial" if not
A jet with 132 people on board crashes in China
A China Eastern passenger jet carrying 132 people crashed in southern China on Monday, aviation authorities said, with state media...
- The Boeing 737 flight from Kunming city to the southern hub of Guangzhou "lost airborne contact over Wuzhou" city in the Guangxi region
- One villager told a local news site that the plane involved in the crash had "completely fallen apart"
Geostrategy
Iraq digs up mass grave containing bodies of IS fighters, relatives
Iraqi authorities said Sunday that they had exhumed the remains of 85 Islamic State group fighters and their relatives from...
- The remains of 35 people killed between 2016 and 2017 were dug up on Saturday while 50 were found on Sunday.
- It is the first announcement of a mass grave of IS fighters killed during the 2016-2017 battle to recapture Mosul, the extremist group's former stronghold.
Geostrategy
India pitches for collaboration with GCC in steel sector
"As part of the Steel Week, one-to-one meetings were held with leading players in steel production and logistics industries based...
- "One-to-one meetings were held with leading players in steel production and logistics industries based in the UAE," the Indian Ministry of Steel said in a statement
- The Indian government has recently launched a flagship scheme for specialty steel called Production-Linked Incentive
Business
Evergrande halts trading again
Evergrande and all its units halted trading in Hong Kong on Monday.
- On Monday, the company announced that trading would be ‘halted’, bit did not give a reason
- Shares of Evergrande Property Services Group and China Evergrande New Energy Vehicle Group were suspended
Economy
Iran’s Khamenei hopes for economic upturn in Persian New Year speech
Khamenei said the toughest problems encountered last year were due to "rising prices and inflation".
- Khamenei said the toughest problems encountered last year were due to "rising prices and inflation."
- Iran's economy has suffered under stringent sanctions that were reimposed by the US in 2018
Geostrategy
Japan presses UAE to pump more oil as Ukraine war spikes prices
The plea by Japan's Foreign Minister Yoshimasa Hayashi came during meetings with Emirati officials which coincided with a visit by...
- The plea by Japan's Foreign Minister Yoshimasa Hayashi came during meetings with Emirati officials which coincided with a visit by Germany's economy minister
- British Prime Minister Boris Johnson also flew to the UAE and Saudi Arabia to push for more oil this week in a bid to ease prices of over $100 a barrel
Geostrategy
Germany to ‘fast-track’ gas terminals as part of Qatar deal
Germany has committed to "fast track" the construction of two liquefied natural gas terminals as part of a new long-term...
- Economic Affairs Minister Robert Habeck secured the accord during talks in Doha with its emir and energy minister
- European states have been forced to turn to Qatar in recent months as they seek an LNG alternative to Russian gas in the wake of Moscow's invasion of Ukraine
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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
Oil prices spike after US strikes on Iran nuclear sites
Economists at MUFG warned of "high uncertainty of the outcomes and duration of this war", giving a "scenario analysis" of...
Economy
Company News
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Meals to woof down at Italy’s first dog restaurant
Arts & Culture
Not entering Rafah means losing war, says Netanyahu
Speaking at a televised news conference, Israel's Prime Minister Benjamin Netanyahu said that critics exhorting Israel not to lauch offensive...
Geostrategy
Lebanon judge charges Nissan employees for allegedly stealing Ghosn documents
BEIRUT, LEBANON - A Lebanese judge has charged four Nissan employees with the theft of documents and devices from the Beirut...
Geostrategy
Iran unveils air defense systems amid rise in Middle East tensions
Tehran, Iran - Iran unveiled two new air defense systems on Saturday, state media reported, with tensions high in the Middle...
Geostrategy
Most Read
Geostrategy
UNRWA chief says Israel wants to destroy agency
Geneva, Switzerland - Israel is waging a concerted campaign aimed at destroying UNRWA, the head of the UN agency for Palestinian...
- "Right now we are dealing with an expanded, concerted campaign by Israel aimed at destroying UNRWA," he told the Swiss newspaper group Tamedia
- Israel has called for Lazzarini to step down following claims that a Hamas tunnel had been discovered under its evacuated Gaza City headquarters.
Geostrategy
Pakistan official admits being part of election rigging
Islamabad, Pakistan - A senior bureaucrat said on Saturday he helped rig Pakistan's elections, a week after polls marred by allegations...
- Liaqat Ali Chattha, commissioner of the garrison city of Rawalpindi, said he would hand himself over to police.
- "We converted the losers into winners, reversing margins of 70,000 votes in 13 national assembly seats," he said.
Geostrategy
Fear pervades West Bank hospital after deadly Israeli raid
Jenin, Palestinian Territories - A climate of fear pervades a hospital in the occupied West Bank city of Jenin, where patients...
- At the rehabilitation ward at Jenin's Ibn Sina hospital, two patients recalled hearing the screams of a nurse as Israeli forces reached the third floor.
- Such an attack "creates fear and is dangerous for health workers and patients", said Rik Peeperkorn, the UN agency's envoy for the Palestinian territories.