UAE company inks $22 mn deal for stake in Latakia container terminal
Dubai, United Arab Emirates - AD Ports Group of the United Arab Emirates (UAE) signed a $22 million agreement Thursday...
Economy
Gaza hospital says received 15 Palestinian bodies under ceasefire exchange deal
They were returned in exchange for the latest hostage body handed back from Gaza on Tuesday, that of Israeli-American soldier...
Geostrategy
Geostrategy
Blinken meets Sisi in Cairo at start of Mideast tour
Blinken said his message to regional governments was that "if you want a ceasefire, press Hamas to say yes" to...
- Blinken said he had a "very good exchange" with Sisi
- The two had also been expected to discuss plans to reopen the Rafah border crossing between Egypt and Gaza
Geostrategy
Blinken returns to Mideast in push for truce
US Secretary of State Antony Blinken was heading back to the Middle East on Monday to push a ceasefire plan,...
- The US also called for a UN Security Council vote on a truce
- Overall Israel's military offensive has killed at least 37,084 people in Gaza
Business
Saudi Aramco says foreigners grab ‘majority’ of share offering
Riyadh, Saudi Arabia - Oil giant Saudi Aramco said Sunday that international investors had snatched up the bulk of shares sold...
- Aramco ended trading on Sunday at 28.60 Saudi riyals ($7.63) per share, after opening at 27.95 riyals, giving it a market capitalisation of around $1.85 trillion
- Aramco, the mostly state-owned jewel of the Saudi economy, announced on May 30 that it would sell 1.545 billion shares, or approximately 0.64 percent of its issued shares
Geostrategy
Israel army says senior commander resigns over Oct 7 attack
Israel's army said Sunday that a senior commander had resigned over what he called his failure to prevent the October...
- Rosenfeld wrote in a resignation letter released by the army: "Everyone has to take responsibility for their part, and I am the one responsible in Division 143."
- "On October 7, I failed my life's mission: to protect the envelope," he wrote, referring to the southern Israeli communities on the border with Gaza
US destroys drones, missiles in Houthi-controlled areas of Yemen
Houthi television channel Al-Massirah meanwhile said there were air strikes in the Yemeni capital Sanaa and elsewhere in the country...
- The Houthis have been targeting vessels in the Red Sea and Gulf of Aden since November 2023 in attacks they say are in solidarity with Palestinians in Gaza
- Houthi attacks have sent insurance costs spiraling for vessels transiting the Red Sea and prompted many shipping firms to take the longer passage around the southern tip of Africa
Geostrategy
Israel pounds Gaza refugee camp as war enters ninth month
In a new diplomatic push, US Secretary of State Antony Blinken will visit Israel and key regional partners Egypt, Jordan...
- Efforts to mediate the first ceasefire in the bloody conflict since a week-long pause in November appear to have stalled a week after US President Joe Biden offered a new roadmap
- Hamas has yet to respond to Biden's proposal, while Israel has expressed openness to discussions but remains committed to destroying the Palestinian group
Geostrategy
COP29 climate hosts say they’ll keep expanding fossil fuels
Bonn, Germany -- The incoming president of the COP29 UN climate summit in Azerbaijan told AFP on Friday that his country...
- the COP29 organizers said they would also call for a "COP truce" and ask nations to observe a conflict ceasefire during the marathon negotiations in Baku in November.
- It is estimated that emerging markets and developing countries, excluding China, will need more than $2 trillion a year by 2030 to meet their climate and development needs.
Geostrategy
Unemployment rate nearly 80 percent in Gaza, says United Nations
Geneva, Switzerland -- The war in Gaza has seen the unemployment rate in the besieged Palestinian territory surge to nearly 80...
- The UN's labor agency said the war between Hamas and Israel had "caused loss of jobs and livelihoods on a massive scale".
- The average unemployment rate across the West Bank and Gaza combined stood at 50.8 percent, it said.
Palestine create history by reaching third round of World Cup qualifiers
Hong Kong, China - Palestine created history when they booked a place in the third round of the FIFA World Cup...
- Against the backdrop of the war in Gaza, the Palestinian team has already claimed footballing history this year by making a debut appearance in the Asian Cup knockout phase
- On Thursday, Palestine, who came into the Group I match with seven points, only needed a draw to progress, and they got the desired result
Geostrategy
Gaza hospital says 37 dead in strike on UN school Israel says used by Hamas
"The government of Israel has said that they are going to release more information about this strike, including the names...
- The raid came after US, Qatari and Egyptian mediators resumed talks aimed at securing a truce and hostage-captive swap in the eight-month war
- The Israeli military said it had "eliminated" several fighters in a "precise strike on a Hamas compound embedded inside a UNRWA school."
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UAE company inks $22 mn deal for stake in Latakia container terminal
Dubai, United Arab Emirates - AD Ports Group of the United Arab Emirates (UAE) signed a $22 million agreement Thursday...
Economy
Company News
TSMC’s H1 revenue up 40 percent
Business
Latest News
Lebanon slams foreign interference as Iran security chief visits
Lebanese leaders firmly rejected any efforts at foreign interference during a visit by Iran's security chief Wednesday, with the prime...
Geostrategy
Israel military says approved plan for new Gaza offensive
The approval for the expanded offensive comes days after Israel's security cabinet called for the seizure of Gaza's largest city,...
Geostrategy
Musk clashes with Altman after accusing App Store of favoring OpenAI
San Francisco, United States -- Elon Musk has accused Apple of unfairly favoring ChatGPT on its App Store and threatened...
Business
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Business
Gulf tourists say Polish mountain town is a cool place
Zakopane, Poland -- Saudi photographer Fahad Alayyash gazed over the Alpine-like panorama of the Tatras, Poland's highest mountain range --...
- Up to seven flights fly daily from the Gulf region at nearby Krakow Airport.
- Arab customers constitute up to 30 percent of all summer guests at his five-star hotel in Zakopane.
Geostrategy
Palestinian mother ‘destroyed’ after image used to deny Gaza starvation
Montreal, Canada - Palestinian-Canadian Faiza Najjar was able to leave Gaza last year, but could not bring her four adult...
Science
Passwords under threat as tech giants seek tougher security
Paris, France -Fingerprints, access keys and facial recognition are putting a new squeeze on passwords as the traditional computer security...
- Fingerprints, access keys and facial recognition are putting a new squeeze on passwords as the traditional computer security method
- Although many large platforms are stepping up login security, large numbers of sites still use simple passwords as credentials