Money, mining and marine parks: The big issues at UN ocean summit
Nice, France -- France is hosting world leaders this week to confront what the United Nations calls a global "emergency"...
Geostrategy
Israel admits to supporting anti-Hamas armed group in Gaza led by Yasser Abu Shabab
Prime Minister Benjamin Netanyahu admitted that Israel is supporting an armed group in Gaza that opposes the militant group Hamas,...
Geostrategy
Geostrategy
Yemen war will have killed 377,000 by year’s end: UN
Most of those killed by the war's indirect effects were "young children who are especially vulnerable to under- and malnutrition."
- Most of those killed by the war's indirect effects were "young children who are especially vulnerable to under- and malnutrition."
- A Saudi-led coalition intervened in Yemen in early 2015 to shore up the government after Iran-backed Huthi fighters seized the capital Sanaa months before
Economy
Algeria’s poor fret over plan to slash subsidies on basic goods
During Algeria's transition to a market economy in the 1990s, subsidies replaced the fixed prices of a planned economy that...
- The North African country, heavily dependent on oil and gas exports, has for decades subsidised everything from bread and milk to fuel and electricity
- The income from energy exports has fallen for years, especially during the downturn driven by the Covid-19 pandemic, heightening the strain on public finances
Geostrategy
Biden invites around 110 countries to virtual summit on democracy
Among the countries of the Middle East, only Israel and Iraq will take place in the online conference, scheduled for...
- Among the countries of the Middle East, only Israel and Iraq will take place in the online conference, scheduled for December 9-10
- In Africa, the Democratic Republic of Congo, South Africa, Nigeria and Niger are among the countries on the list
Business
India announces bill to ban cryptocurrencies
India's government will introduce a bill to ban private cryptocurrencies and create a framework for a central bank-backed digital money,...
- The proposed bill "seeks to prohibit all private cryptocurrencies in India"
- It is the latest such move by a major emerging economy, after China declared all cryptocurrency transactions illegal in September
Geostrategy
UK apology over Gulf War ‘human shields’ flight
Passengers on BA flight 149 were taken off the Kuala Lumpur-bound plane when it landed in the Gulf state on...
- Some of the 367 passengers and crew spent more than four months in captivity, including as human shields at the hands of the Iraqi dictator.
- The former hostages have long sought answers about what the government in London knew and when.
Geostrategy
98 candidates register for Libya’s presidential poll
Among the most notable hopefuls are Seif al-Islam Kadhafi, the son of slain dictator Moamer Kadhafi, and Khalifa Haftar, leader...
- Also in the running are former interior minister Fathi Bashagha and Prime Minister Abdulhamid Dbeibah of the interim, UN-brokered Government of National Unity.
- There are only two women contestants: Laila Ben Khalifa, 46, the president of the National Movement party, and Hunayda al-Mahdi, a researcher in the social sciences.
Economy
Turkey lira crashes to new record low against dollar
The Turkish lira plunged to record lows against the dollar on Tuesday after President Recep Tayyip Erdogan said policymakers have...
- The currency fell by 13 percent to almost 13 lira against the dollar
- Turkey is facing the worst currency crisis since August 2018 when the value of the lira hit historic lows
Economy
The broken dreams of desperate migrants fleeing Africa for Saudi
Tens of thousands of migrants are stuck in Yemen, unable to pay for a return trip, held hostage by smugglers...
- Tens of thousands of migrants are stuck in Yemen, unable to pay for a return trip, held hostage by smugglers or detained by local authorities
- Movement along the Eastern Route is picking up again after slowing in 2020, when borders closed because of the coronavirus pandemic
Geostrategy
Israel ‘formalizing’ defense ties with Morocco on minister’s visit
The trip comes less than a year after Morocco normalized ties with Israel in a deal brokered by former US...
- Morocco normalized ties with Israel in December last year
- It came soon after similar announcements by the UAE and Bahrain
Economy
Returned migrants still long for way out of Iraq
Around 400 Iraqi migrants have returned home after spending three weeks in freezing forest of Belarus, deep in debt but...
- The West accuses Belarus of taking migrants to the borders with EU members Poland and Lithuania with promises of easy crossing
- Belarus has denied the claim and criticized the EU for not taking in the migrants
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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
Money, mining and marine parks: The big issues at UN ocean summit
Nice, France -- France is hosting world leaders this week to confront what the United Nations calls a global "emergency"...
Geostrategy
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JPMorgan Q3 profit at $13.2bn
Business
WHO chief warns pandemic accord hangs in the balance
Shaken by the Covid-19 pandemic, the WHO's 194 member states decided more than two years ago to start negotiating an...
Geostrategy
Africa in debt spiral as restructuring efforts drag on
Paris, France -- While the explosion of debt is throwing a shadow over global economic growth, experts warn that sub-Saharan Africa,...
Economy
ACRES 2024 concludes, deals worth $381 million inked
Sharjah, UAE -- Real estate deals worth more than AED 1.4 billion ($381 million) were inked at ACRES 2024, organized...
Most Read
Business
Fit at 40: the revolutionary Apple Mac in numbers
Paris, France - Forty years ago Steve Jobs revolutionised personal computing by launching the Apple Macintosh, the first PC with a...
- The first Mac came with 128 kilobytes of memory space, one million times less than top-of-the-line MacBooks today
- Apple paid a whopping $800,000 ($2.5 million in today's money) to air the one-minute ad, seen by 77.6 million TV viewers
Business
Do Kwon’s Terraform Labs files for US bankruptcy
Kwon, who co-founded Terraform in 2018, was arrested last year in Montenegro and is awaiting extradition to the United States...
- Kwon faces fraud charges in both countries related to the crash
- According to the filing, Kwon holds 92 percent of Terraform's shares
Economy
European Central Bank to signal no rush to cut interest rates
The Frankfurt institute is tipped to pause for the third meeting in a row following a historic run of hikes...
- The ECB is "in no rush yet" to change course and governors may not even discuss cuts at this week's meeting, Deutsche Bank economists wrote
- "We expect Thursday's ECB press conference to again highlight the exceptionally low possibility of a rate cut before the summer," agreed Unicredit in an analyst note