US Fed will likely cut again despite economic murkiness from shutdown
The central bank's second-to-last rate meeting of the year is taking place against the backdrop of a weeks-long standoff between...
Economy
Trump heads for Asia and Xi trade talks
US President Donald Trump left on Friday for Asia and high-stakes trade talks with Chinese counterpart Xi Jinping -- adding...
Geostrategy
Geostrategy
Turkish president Erdogan declares Ankara ‘backs’ Hamas
Ankara, Turkey - Turkish President Recep Tayyip Erdogan said on Saturday Ankara "firmly backs" Palestinian group Hamas. "No-one can make us...
- "No-one can make us qualify Hamas as a terrorist organization," he said in a speech in Istanbul.
- Erdogan has been one of the most virulent critics of Israel since the start of the war in Gaza.
Geostrategy
Red Cross head says Gaza war ‘ruptured’ shared humanity
Geneva, Switzerland - The war in Gaza has "ruptured any sense of a shared humanity," the head of the International Committee...
- ICRC head Mirjana Spoljaric called for an urgent ceasefire in Gaza, saying Israel and Hamas must respect international law and protect civilians.
- "In the face of such deep suffering", the ICRC called urgently for a ceasefire to allow "a steady, robust flow of humanitarian aid" to reach people in Gaza.
Geostrategy
Drone strike blamed on Turkey kills three in Iraq
Arbil, Iraq - A drone strike in northern Iraq killed a Kurdistan Workers' Party (PKK) commander, Kurdish authorities said, raising the...
- Turkey often carries out ground and air operations in northern Iraq against positions of the PKK, which has waged a decades-long insurgency against the Turkish state.
- In the past 25 years Turkey has operated several dozen military bases in northern Iraq in its war against the PKK, which Ankara and its Western allies consider a "terrorist" group.
Geostrategy
Iran hits out at UN experts report on 2022 protests
TEHRAN, IRAN – Tehran on Saturday strongly condemned a UN report on the Islamic republic's response to mass protests in 2022,...
- International experts said the repression of mostly peaceful protests beginning in September 2022 have led to "crimes against humanity".
- The UN Human Rights Council mandated the experts' investigation following massive protests after the death in police custody of Mahsa Amini.
Economy
Tunisian economic crisis mutes build-up to Ramadan
Tunisians usually prepare for Ramadan -- when daytime fasting is followed by festive but often costly meals with family and...
- Economist Ridha Chkoundali says Tunisia is "experiencing a period of stagflation, which means a decline in growth and a rise in inflation"
- Tunisian banks are being asked by the state to finance the country's debt amounting to 80 percent of GDP, undermining their ability to lend to the private sector
US-led coalition shoots down 15 Yemen rebel drones: CENTCOM
CENTCOM and coalition forces determined that the drones "presented an imminent threat to merchant vessels, US Navy and coalition ships...
- US Central Command, or CENTCOM, said the "large-scale" Houthi attack occurred before dawn into the Red Sea and adjacent Gulf of Aden
- On January 9, US and British forces shot down 18 drones and three missiles fired by the rebels toward ships in the Red Sea, the US military said at the time
Erdogan says March local elections will be his ‘last’
It was the first time that Erdogan, who has been in power since 2003, has spoken about leaving office. The...
- The 70-year-old leader expressed confidence that his conservative Justice and Development (AKP) party would nonetheless remain in power even after he has left office
- Erdogan said that the results of the March 31 local elections would be "a blessing for the brothers who come after me and there will be a transfer of confidence"
‘Number one’ Joshua defeats Ngannou with brutal second-round KO
Joshua, a former unified WBO, WBA and IBF heavyweight champion, went into the fight on the back of three successive...
- Joshua had his Cameroonian opponent on the canvas in the first round and twice more in the second in a brutal and brief exhibition of punching power
- Ngannou, 37, was taking part in only his second professional boxing match, having lost a split decision to Tyson Fury in an October fight
Geostrategy
Asif Ali Zardari: ‘Artful dodger’ returns as Pakistan president
He has spent more than 11 years in jail, a long time even by the standards of Pakistani politicians, with...
- Initially a background character as Bhutto's consort, Zardari was stained by a bevy of corruption and other allegations
- Between 2008 and 2013, he ushered in constitutional reforms rolling back presidential powers, and the 68-year-old's second term will see him steer a largely ceremonial office.
Canada to resume funding UN agency for Palestinians
Canada has reviewed the investigation's interim report and "we were reassured by the contents," Minister of International Development said. He...
- UNRWA has been at the center of controversy since Israel accused 12 of its employees in January of involvement in the October 7 attack
- About 15 countries, including the United States, Britain, Germany and Japan, suspended funding to UNRWA at the end of January
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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
US Fed will likely cut again despite economic murkiness from shutdown
The central bank's second-to-last rate meeting of the year is taking place against the backdrop of a weeks-long standoff between...
Economy
Company News
Latest News
Israeli fire kills 39 and wounds more than 100 Gazans near two aid centers
UN has said it had recorded 875 people killed in Gaza while trying to get food, including 674 in the...
Geostrategy
Turkey parliament passes contentious mining legislation
Turkey's parliament on Saturday passed a controversial bill that opens certain agricultural lands including olive groves to mining activities, local...
Economy
Trump sues Murdoch, newspaper over Epstein sex bombshell
Washington, United States - US President Donald Trump sued media magnate Rupert Murdoch and The Wall Street Journal for at...
Geostrategy
Most Read
Geostrategy
Hamas armed wing says Israel blocking ceasefire and hostage release talks
The armed wing of the Palestinian militant group Hamas on Friday accused Israel of blocking a deal in talks for...
- Negotiators from both sides have been in indirect talks in Qatar since July 6 to try to agree on a 60-day truce in the conflict, which would see 10 captives freed.
- But after nearly two weeks, there has been no breakthrough and each side has blamed the other for refusing to budge on their key demands
Geostrategy
Iraq says drones that struck military radar are foreign-made, doesn’t identify perpetrators
Sabah al-Numan, the military spokesman for the prime minister, said that Iraq identified "the origin of the drones used in...
- On June 24, the Iraqi government said that several small suicide drones targeted multiple Iraqi military sites and bases, including the radar systems at Camp Taji
- Sabah al-Numan, the military spokesman for the prime minister, said that Iraq identified "the origin of drones used in the attacks," adding that they were "equipped with warheads
Business
UAB net profit up by 50% for H1
Total assets increase by 11 percent.
- Total income rose by 24 percent YoY to AED 374 million.
- The increase in net profit reflects significant growth in total assets—up 11 percent from December 2024—and the Bank’s disciplined approach to risk management.