Turkey, and six of its Muslim allies say Palestinian self-rule key to Gaza future
Turkey, which played a central role in forging the now shaky three-week-old ceasefire, is pushing for Muslim nations to bring...
Geostrategy
OPEC+, including Saudi Arabia and Russia, agree further hike to their oil production
The 137,000-barrels-per-day hike will apply from December and remain at that level for the following three months, signifying a "pause"...
Economy
Geostrategy
Israel destroys dozens of Bedouin homes in Negev desert
Israeli authorities destroyed around 50 homes belonging to Bedouins in the Negev desert on Wednesday, an AFP journalist reported, with...
- Israel considers the homes built in Wadi al-Khalil to be illegal
- Only 11,000 bedouins remained within Israel's borders after the 1948 Arab-Israeli War
Biden threatens to stop arm shipments if Israel invades Rafah
Biden, a self-described Zionist, had long resisted stopping any of the $3 billion in weapons the United States sends each...
- In an interview with CNN Biden also deplored the fact that civilians had been killed by the dropping of US bombs on the Palestinian territory
- His fresh warning came after the US last week halted a shipment of huge American bombs to Israel as it appeared ready to proceed with a major attack on Rafah
Geostrategy
Empty streets and ‘fear’ in Gaza’s Rafah since Israeli incursion
Rafah, Palestinian Territories - Displaced Gazan Marwan al-Masri, sheltering in Rafah, said on Wednesday "life has completely ceased" since Israeli tanks...
- More than 1.4 million people had crammed into Rafah, a city on the Gaza Strip's southern border with Egypt, as Israeli forces pushed their way southward
- Caught between Israeli shelling from the east, an Egyptian border to the south and the Mediterranean to the west, many fleeing Rafah went north
Geostrategy
South Gaza hospitals have only three days’ fuel left: WHO
Despite international objections, Israel sent tanks into the overcrowded southern city of Rafah on Tuesday and seized the nearby crossing...
- "The closure of the border crossing continues to prevent the UN from bringing fuel. Without fuel all humanitarian operations will stop," said WHO chief Tedros Ghebreyesus.
- Tedros said Al-Najjar, one of the three hospitals in Rafah, was no longer functioning due to the ongoing hostilities in the vicinity and the military operation in Rafah.
Business
Apple’s latest iPad signals the company’s AI-powered future
San Francisco, United States - Apple on Tuesday announced a line of new iPad tablets revamped with a powerful AI chip...
- The latest version of the iPad Pro uses a new chip called the M4, which is stronger than the one currently used for Apple's laptops
- The iPad Pro and ultralight iPad Air are the company's first iPad releases in two years, ending Apple's longest period without upgrades since it launched the tablet in 2010
Geostrategy
Israel seizes Rafah crossing as Gaza truce talks resume
Egypt's state-linked Al-Qahera News reported that mediators from Qatar, the United States and Egypt were meeting with a Hamas delegation.
- A senior Hamas official warned this would be Israel's "last chance" to free the estimated 128 captives still held in Gaza, including 36 officials who are dead
- Israel's offensive has killed at least 34,789 people in Gaza, mostly women and children, according to the Hamas-run territory's health ministry
Business
Aramco Q1 profit down 14.5%
Despite lower profit, it will pay $31bn in dividends to Saudi government.
- Net income was 102.27 billion riyals ($27.27 billion), down from 119.54 billion riyals ($31.88 billion) for the same period in 2023.
- Aramco is currently producing roughly nine million barrels per day (bpd), well below its capacity of 12 million bpd.
Pulitzer Prizes honor coverage of war in Gaza
New York, United States - The war in Gaza featured prominently in Monday's Pulitzer Prizes, which included a special citation for...
- The New York Times won a Pulitzer in international reporting for its "wide-ranging and revelatory coverage of Hamas's lethal attack in southern Israel on Oct. 7
- Reuters meanwhile won the award for breaking news photography for its "raw and urgent" coverage of the October 7 attack and Israeli response
Geostrategy
Hamas accepts Gaza truce proposal, Israel urges Rafah evacuation
Israeli Prime Minister Benjamin Netanyahu's office said the proposal "is far from Israel's essential demands", but the government will send...
- The Hamas announcement brought cheering crowds onto the street amid tears of happiness, chants of "Allahu Akbar" ("God is greatest") and celebratory shooting in the air
- Israel's military meanwhile reiterated an earlier call for residents of east Rafah to evacuate as it prepares for a "ground operation" in the southern Gaza city
Geostrategy
Israel’s Rafah evacuation order heightens global alarm
The evacuation call followed disagreement between Israel and Hamas over the Palestinian group's demands to end the seven-month war, during...
- Israeli Prime Minister Benjamin Netanyahu has vowed to send ground troops into Rafah regardless of any truce, defying international concerns.
- The foreign ministry in Cairo warned in a statement of "grave humanitarian risks" for more than one million Gazans sheltering there.
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Turkey, and six of its Muslim allies say Palestinian self-rule key to Gaza future
Turkey, which played a central role in forging the now shaky three-week-old ceasefire, is pushing for Muslim nations to bring...
Geostrategy
Company News
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Gold futures hit record on US tariff shock; mixed day for stocks
Gold futures hit a record high Friday following reports of an unexpected tariff on the precious metal as global stocks...
Economy
Armenia and Azerbaijan commit to a lasting peace after decades of conflict at summit with Trump
The two former Soviet republics "are committing to stop all fighting forever, open up commerce, travel and diplomatic relations and...
Geostrategy
Putin-Trump summit to meet on Friday on Ukraine: what we know so far
On his Truth Social site on Friday, Trump announced that his meeting with Putin would be held in the far-north...
Geostrategy
Most Read
Economy
Average US tariffs now highest since 1910s: WTO and IMF
The figure, calculated by the two organizations, stands in contrast with the 2.4 percent rate in force at the time...
- A trade "truce" brought down sky-high tariff levels that the United States and China had imposed upon one another, but that is set to expire next week.
- The new figure by the WTO and IMF takes into account the trade deals the US negotiated with the EU, Japan, South Korea and other nations that have now come into force.
Geostrategy
Israel plans to ‘take control’ of Gaza City, sparking wave of criticism
European Council chief Antonio Costa warned "such a decision must have consequences" for EU-Israel ties, while Germany said it was...
- China, Turkey, Britain and the UN's rights chief as well as numerous Arab governments issuing statements of concern.
- Israeli opposition leader Yair Lapid denounced the cabinet's move as "a disaster" that could result in "the death of the hostages.
Business
DEWA profit after tax $789m
It will pay $843m in H1 dividend.
- The first-half revenue of AED 14.6 billion ($3.97 bn), EBITDA of AED 7 billion, operating profit of AED 3.7 billion.
- DEWA’s total energy generation Including Energy import from IPPs soared to a high of 16.9 TWh.