Oil prices gain, as equities extend record run higher
Oil prices have experienced choppy trading since the surprise US raid Saturday on Caracas that saw Venezuelan president Nicolas Maduro...
Business
‘Tuna King’ pays record $3.2 mn for bluefin at Tokyo auction
Tokyo, Japan -- A Japanese sushi entrepreneur paid a record $3.2 million for a giant bluefin tuna Monday at an...
Business
Geostrategy
Saudi Arabia condemns ‘dangerous’ UAE moves in Yemen after striking shipment
Riyadh also backed a demand from Yemen's presidential council for Emirati forces to withdraw from the country within 24 hours,...
- In recent weeks, separatists backed by the UAE seeking to revive the formerly independent state of South Yemen have made sweeping territorial gains in a lightning offensive.
- The UAE said "the shipment in question did not contain any weapons, and the vehicles unloaded were not intended for any Yemeni party."
Geostrategy
Netanyahu to meet Trump in Florida for talks on Gaza peace plan, Iran
Israeli Prime Minister Benjamin Netanyahu will meet Donald Trump in Florida on Monday, with the US president pushing to move...
- Netanyahu is also expected to try to shift some focus onto Iran, amid reports he will call for more US strikes on the Islamic republic
- He will bring up the "danger Iran poses not only to the region of the Middle East, but the United States as well," Israeli spokeswoman said
Geostrategy
Somali president to visit Turkey after Israeli recognition of Somaliland
Somalia's president is to visit close ally Turkey on Tuesday following Israel's recognition of the breakaway territory of Somaliland, Turkey's...
- Turkey denounced Israel's recognition of Somaliland, a self-proclaimed republic, calling it "overt interference in Somalia's domestic affairs"
- Ankara, a close ally of Somalia, provides military and economic assistance to the country that has been devastated by civil war
Economy
China says to launch digital currency action plan
Beijing, China -- China will on January 1 launch an "action plan" for boosting management and operations of its digital...
- The "action plan" will see banks pay interest on balances held by clients in digital yuan -- a move to incentivize broader adoption of the currency.
- The plan also includes a proposal to establish an international digital yuan operations centre in the eastern financial hub of Shanghai, the report said.
Business
Emirates mining company challenges Guinea license withdrawal
Dakar, Senegal -- Mining company Axis International said Monday it was seeking World Bank arbitration against Guinea for withdrawing its...
- Guinea, which has been run by a junta since a coup in 2021, has cancelled dozens of licences for international and domestic companies mining bauxite, gold, iron ore or diamonds.
- had operated Guinea's second-biggest bauxite mine with estimated reserves of more than 800 million tons since 2010.
Arts & Culture
France’s screen siren Brigitte Bardot dies at 91
Saint-Tropez, France - French film sensation Brigitte Bardot, a symbol of sexual liberation in the 1950s and 1960s who reinvented herself...
- Tributes were paid to the star who was known as "BB" in her home country, with Macron calling her a "legend" of the 20th century
- Bardot became a global star after appearing in "And God created Woman" in 1956, and went on to appear in about 50 more movies
Geostrategy
Israel’s recognition of Somaliland ‘threat’ to regional stability: Somali president
Somaliland declared independence from Somalia in 1991 and has for decades pushed for international recognition. A self-proclaimed republic, it enjoys...
- But it has been diplomatically isolated since its unilateral declaration of independence.
- Egypt, Turkey, the six-nation Gulf Cooperation Council and the Saudi-based Organisation of Islamic Cooperation all condemned the decision.
Geostrategy
A saint, a monk, a rock: Bulgaria’s euro coin designs
Sofia, Bulgaria -- Ancient rock art, a patron saint and a monk will be emblazoned on euro coins from Thursday,...
- Bulgaria will become the 21st country to adopt the euro on Thursday.
- The single currency first rolled out in 12 countries on January 1, 2002, and has since regularly extended its influence, with Croatia the last country to join in 2023.
Geostrategy
Iraqis cover soil with clay to curb sandstorms
Samawah, Iraq -- Deep in Iraq’s southern desert, bulldozers and earthmovers spread layers of moist clay over sand dunes as...
- Iraq has long suffered from sand and dust storms, but in recent years they have become more frequent and intense as the country falls prey to the effects of climate change.
- Iraqi authorities have warned that these suffocating storms will intensify further, adding urgency to efforts to address the root of the problem.
Geostrategy
Saudi-led coalition warns of intervention against Yemen separatists
The statements came a day after reported Saudi airstrikes on separatist positions in Yemen's Hadramawt province — and after Washington...
- Saudi Defense Minister Khalid bin Salman posted on X that troops from the separatist STC should “peacefully hand over” two regional governorates to the government.
- In recent weeks, the UAE-backed STC, which seeks to revive the formerly independent state of South Yemen, swept through swaths of the country.
Most Read
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
Oil prices gain, as equities extend record run higher
Oil prices have experienced choppy trading since the surprise US raid Saturday on Caracas that saw Venezuelan president Nicolas Maduro...
Business
Company News
Latest News
Biden demands assault-weapons ban after 8 killed in Texas mall rampage
Responders, distressed witnesses and police described scenes of panic and horror in Allen, where video footage shared online showed the...
Egypt ex-graft chief freed from prison, charged again: activist
A military court had found Geneina guilty in 2018 of "spreading information to harm the military", after he had said...
UN admits aid failure for Syria as quake toll hits 33,000
Supplies have been slow to arrive in Syria, where years of conflict have ravaged the healthcare system, and parts of...
At least 20 escape Syria prison holding IS inmates after quake
The British-based Syrian Observatory for Human Rights war monitor said it could not verify whether prisoners had escaped, but confirmed...
Musk kicks Kanye West off Twitter for ‘incitement to violence’
West has made a series of anti-Semitic comments recently, as the one-time titan of fashion and music appears to have...
Seven killed as Saudi coalition strikes UAE-backed forces in Yemen
Following the strikes, a military spokesman for the STC said it was in a "decisive and existential" war with Saudi-backed...
Geostrategy
Somaliland denies it will host Palestinians, Israeli base
The breakaway region of Somaliland on Thursday denied allegations by the Somali president that it would take resettled Palestinians or...
Geostrategy
Most Read
Investigation
Drones dive into aviation’s deepest enigma as MH370 hunt restarts
Washington, United States - Nearly 12 years after Malaysia Airlines flight MH370 vanished with 239 people on board, the search...
- Armed with cutting-edge deep-sea robots, US investigators are scouring the seabed for clues that have eluded governments
- The Malaysian government has given the green light for a fresh attempt led by Texas-based marine robotics firm Ocean Infinity
Geostrategy
Israel’s Mossad tells Iranian protesters ‘we are with you’
Israel's Mossad spy agency issued a direct call urging Iranians to press on with protests, saying it was supporting them...
- Protests that began on Sunday with Tehran shopkeepers rallying against Iran's worsening economy have spread to other cities
- The Iranian rial has dropped against the US dollar and other world currencies, forcing up import prices and hurting retail traders
Business
SoftBank lifts OpenAI stake to 11% with $41bln investment
Tokyo, Japan -- Japanese tech investor SoftBank said Wednesday that its stake in OpenAI is now around 11 percent after...
- Having made colossal profits as well as losses on previous investments, flamboyant founder Masayoshi Son has pivoted SoftBank towards artificial intelligence (AI).
- SoftBank had announced in April its planned investment of up to $40 billion in Open AI, and on Wednesday it said that the second tranche of $22.5 billion was completed.