G20 grapples with splintering world order
"Too many countries are retreating into geopolitical blocs or the battlegrounds of protectionism," Canadian Prime Minister Mark Carney told reporters....
Geostrategy
UAE says will invest up to $50 billion in Canada
The fresh North American investment pledge came after UAE President Mohamed bin Zayed Al Nahyan promised in May to pump...
Geostrategy
Arts & Culture
Palestinian pottery sees revival in war-ravaged Gaza
Deir el-Balah, Palestinian Territories - Traditional clay pottery is seeing a resurgence in the Gaza Strip, where Palestinians are forced to...
- Traditional clay pottery sees a resurgence in Gaza as war-ravaged residents turn to old ways amid shortages of crockery and basic goods
- Potter Jafar Atallah works tirelessly to meet soaring demand, crafting 100 clay pieces daily in a makeshift workshop under Gaza's harsh conditions
World reaches $300 bn climate finance deal at COP29
A group of 134 developing countries had pushed for at least $500 billion from rich governments to build resilience against...
- Nations grappled with bridging divides over how much wealthy, high-polluting countries should pay poorer nations most affected by climate change
- A group of 134 developing countries had pushed for at least $500 billion from rich governments to build resilience against climate change
Big money as Saudi Arabia makes foray into cricket with IPL auction
Crown Prince Mohammed bin Salman has backed extravagant sports investments -- set to culminate in Saudi Arabia hosting the football...
- The two-day Jeddah auction, starting Sunday, marks Saudi Arabia's first major cricketing event, catering to its vast South Asian migrant fanbase
- Saudi cricket federation chairman Prince Saud bin Mishal said that staging the auction reflected the kingdom's "commitment to developing the sport."
Geostrategy
Rocket fire wounds four UN peacekeepers in Lebanon
Italian Defence Minister Guido Crosetto said two 122 mm rockets appeared to have hit a bunker on the base. The...
- "UNIFIL strongly urges combating parties to avoid fighting next to its positions"
- The peacekeepers were wounded by shards of glass when windows shattered
Geostrategy
Wealthy nations offer $250bn on climate but pressed for more
At the COP29 talks in Azerbaijan, developing nations are demanding a bigger commitment from historic polluters most responsible for warming,...
- The text also sets an ambitious overall target to raise at least $1.3 trillion per year by 2035 from not only developed countries but the private sector.
- But a red line for many climate-imperiled nations at COP29 had been securing a new commitment from developed nations well above their existing pledge of $100 billion a year.
Business
BP announces $7bn gas project
The project aims to unlock 3 trillion cu ft of gas resources in Indonesia.
- BP said in a statement the "major investment" highlights its "strong confidence in Indonesia's investment climate".
- The project involves the development of a new gas field, Ubadari, as well as enhanced gas recovery through carbon capture, ut and storage (CCUS) and onshore compression.
‘Moment of truth’ for world-first plastic pollution treaty
Bangkok, Thailand - Plastic pollution litters our seas, our air and even our bodies, but negotiators face an uphill battle next...
- Countries will have a week in South Korea's Busan from Monday to round off two years of negotiations
- The talks are a "moment of truth", UN Environment Programme chief Inger Andersen warned this month
Geostrategy
Putin hints at strikes on West in ‘global’ Ukraine war
In a defiant address to the nation, Russia's president railed at Ukraine's allies granting permission for Kyiv to use Western-supplied...
- The Kremlin strongman spoke out after a day of frayed nerves, with Russia test-firing a new generation intermediate-range missile at Ukraine
- Ukraine's President Volodymyr Zelensky branded the strike a major ramping up of the "scale and brutality" of the war by a "crazy neighbour."
Geostrategy
ICC issues arrest warrants for Netanyahu, Gallant, Deif
The court said it had found "reasonable grounds" to believe Netanyahu and Gallant bore "criminal responsibility" for war crimes
- The ICC's move now theoretically limits the movement of Netanyahu
- A warrant had also been issued for Deif
Business
Adani Group tanks after US bribery charges
India's opposition leader demands Gautam Adani's arrest; Kenya scraps airport, power deals with the Group that has significant investments in...
- Adani, once the world's second-richest man, is a close ally of Prime Minister Narendra Modi and critics have long accused him of benefitting improperly from their relationship.
- The conglomerate saw $150 billion wiped from its market value in 2023 after a shock report by short-seller Hindenburg Research accused it of "brazen" corporate fraud.
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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
G20 grapples with splintering world order
"Too many countries are retreating into geopolitical blocs or the battlegrounds of protectionism," Canadian Prime Minister Mark Carney told reporters....
Geostrategy
Company News
SEC H1 net profit $1.67bn
Business
Latest News
Trump issues ‘last warning’ to Hamas over hostages amid new proposal for ceasefire deal
"The Israelis have accepted my terms. It is time for Hamas to accept as well. I have warned Hamas about...
Geostrategy
Russia hits Ukraine govt offices in war’s biggest air attack
Kyiv, Ukraine -- Russia fired its biggest-ever aerial barrage at Ukraine early Sunday, killing four people and setting government offices...
Geostrategy
Saudi launches Damascus area reconstruction project
Saudi Arabia announced on Sunday humanitarian projects for Syria including the removal of wartime rubble around Damascus, weeks after inking...
Economy
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Geostrategy
Drone attack from Yemen injures man at Israeli airport: army, medics
A drone launched from Yemen injured a man when it fell on Ramon airport in southern Israel on Sunday, Israel's...
- "Paramedics are providing medical treatment... to a 63-year-old male in mild condition, with shrapnel injuries to his limbs," the emergency service said in a statement
- Israel assassinated the head of the Iran-backed Huthi government together with 11 other senior officials in air strikes two weeks ago
Geostrategy
Israel warns recognizing Palestinian state could trigger ‘unilateral’ action
Several countries, including France and Britain, have pledged to recognize a Palestinian state during the UN General Assembly later this...
- French President Emmanuel Macron co-hosted a conference in July with Saudi Arabia to call for a two-state solution to the Israeli-Palestinian conflict.
- Britain said it would recognize a Palestinian state if Israel failed to agree to a truce in the Gaza war, triggered by Palestinian group Hamas's October 2023 attack.
Geostrategy
First India-Pakistan match since conflict fires up Asia Cup
New Delhi, India -- A blockbuster between India and Pakistan headlines the Asia Cup starting on Tuesday as they face...
- Arch-rivals India and Pakistan clash in Dubai on September 14, with Pakistan bowling great Wasim Akram saying players and fans should "remain disciplined and not cross the line".
- The neighbors have not met on either side's soil in a bilateral series since 2012 and only play each other in international tournaments on neutral ground.