Silver price hits decades high as gold rush eases
Stock markets, meanwhile, were mixed as traders weighed a slew of issues: massive AI investments, corporate results, US interest rates,...
Business
Gold tops $4,000 for first time on political, economic worries
US and European stock markets mostly rose while Asian equities fell as investors also kept tabs on the AI investment...
Business
Geostrategy
EU’s Borrell meets Hezbollah official in bid to avoid wider war
Josep Borrell held talks with the head of Hezbollah's parliamentary bloc, Mohammad Raad, Lebanese media reported. An EU source confirmed...
- Borrell said it is important to avoid Lebanon being dragged into a regional conflict
- Cross-border fire has killed 181 people in Lebanon, including 135 Hezbollah fighters
Geostrategy
UAE orders trial of 84 on terrorism charges, says media
Dubai, UAE - The Emirates is to put 84 people on trial for terror-related offenses, state media said on Saturday. The...
- The Gulf state's attorney general ordered the trial of "mostly members of the terrorist organization of (the) Muslim Brotherhood", official news agency WAM said.
- In 2013, the UAE tried 94 activists, lawyers, students, teachers and other government critics, accusing them of membership of the outlawed Muslim Brotherhood.
Science
India’s solar mission Aditya-L1 enters Sun’s orbit
New Delhi, India - India's solar observation mission on Saturday entered the Sun's orbit after a four-month journey, the latest success...
- The Aditya-L1 mission was launched in September and is carrying an array of instruments to measure and observe the Sun's outermost layers.
- The latest mission by the Indian Space Research Organization is the first by any Asian nation to be placed in orbit around the Sun.
Geostrategy
EU urges peace at Israel-Lebanon border amid escalation fears
The European Union foreign policy chief warned against a regional conflict that would involve Lebanon, as border clashes intensified nearly...
- Lebanon's Iran-backed Hezbollah and Israel have exchanged near-daily cross-border fire since Hamas's unprecedented October 7 attack
- But a strike that killed Hamas's deputy leader in Hezbollah's south Beirut stronghold on Tuesday intensified fears of a wider conflagration
Geostrategy
Hamas urges US diplomat to end Israeli aggression in Gaza
ISTANBUL, TURKEY - Hamas leader Ismail Haniyeh has called on US Secretary of State Antony Blinken to use his current...
- US support for Israel's military campaign "has caused unprecedented massacres and war crimes against our people in Gaza", Hamas chief Haniyeh said.
- Haniyeh also urged regional leaders due to meet Blinken to tell him that stability in the Middle East was "closely linked to our Palestinian cause".
Geostrategy
Fired over 60 rockets at Israeli military base, says Hizbollah
Beirut, Lebanon - Lebanon's Hizbollah fired on Saturday over 60 rockets at an Israeli military base, the group said, describing the...
- The Israeli military said it had identified around 40 rocket launches from Lebanese territory on Saturday morning.
- Air raid sirens went off in towns and cities across northern Israel, later also blaring in the Israeli-occupied Golan Heights.
Geostrategy
Death toll from IS twin bombings rises to 91, says Iran
TEHRAN, IRAN - A bombing attack in southern Iran claimed by the Islamic State group has killed 91 people, state media...
- The attack is the deadliest in Iran since 1978, when arson killed more than 370 people trapped in a cinema in Abadan.
- The Iranian intelligence ministry said on Friday that "one of the suicide bombers" was "of Tajik nationality".
Global maritime trade sails into geopolitical storm
Most large international shipping companies have decided to reroute trading to avoid the Red Sea and Suez Canal through which...
- Maersk said Friday that it would divert all vessels around Africa instead of using the Red Sea for the "foreseeable future" after Yemeni rebels attacked its merchant ships
- Vessels are circumnavigating Africa via the Cape of Good Hope, which extends the journey between Asia and Europe by 10 to 20 days on average, said general manager of Ovrsea
France and Jordan airdrop seven tonnes of aid to Gaza
The French leader posted a photograph of an airman standing on the cargo ramp of a military plane, with parachutes...
- Jordan and France sent C-130 transport plane with mixed French-Jordanian crews, bringing a total of seven tonnes of "humanitarian and health" aid, the presidency said
- At least 22,600 people have been killed in Gaza in Israel's response to the October 7 attack by Hamas, according to the territory's Hamas-run health ministry
Iraq PM says determined to end presence of US-led coalition
Sudani, whose government relies on support from Tehran-aligned parties, has repeatedly said in recent weeks he would like to see...
- A US drone strike on Thursday killed a military commander and another member of Harakat al-Nujaba, a faction of Hashed al-Shaabi
- Washington labelled the attack in Iraq's capital an act of self-defence, while Sudani's government decried it as an act of "blatant aggression"
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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
Silver price hits decades high as gold rush eases
Stock markets, meanwhile, were mixed as traders weighed a slew of issues: massive AI investments, corporate results, US interest rates,...
Business
Company News
Latest News
Picasso on a plate: unseen ceramics up for auction in Geneva
Geneva, Switzerland -- A clutch of one-off and hitherto unseen ceramic plates and dishes by Pablo Picasso are going under...
Arts & Culture
Saudi Arabia and Qatar to host Asian playoffs for World Cup: AFC
Kuala Lumpur, Malaysia -- Saudi Arabia and Qatar will host the Asian qualifying playoffs for the 2026 World Cup, the...
Arts & Culture
Nuclear states spent $100 billion on atomic arsenals in 2024, say ICAN
ICAN said Britain, China, France, India, Israel, North Korea, Pakistan, Russia and the United States together spent nearly $10 billion...
Geostrategy
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Geostrategy
MENA brief Jun 13: Prince Salman to skip G7 meet, OpenAI in funds talks with PIF
In the financial sector, Fitch Ratings has projected a notable uptick in mergers and acquisitions within Saudi Arabia’s insurance industry....
- Qatar’s real estate sector recorded transactions exceeding QAR 1 billion in the first five days of June, driven by strong demand for residential and commercial assets.
- Morocco emerged as North Africa’s financial leader, with six of the region’s top 20 listed firms based in the country.
Geostrategy
Israel says Hamas ‘weaponising suffering in Gaza’ as aid workers killed
Israel charged on Thursday that Hamas was "weaponising suffering in Gaza" after a US and Israeli-backed charity accused the Palestinian...
- The distribution of food and basic supplies in the blockaded and war-ravaged Gaza has become increasingly fraught and perilous
- Asked to respond to the GHF accusation, the Hamas government media office in Gaza said GHF was a "filthy tool" of Israeli forces
Geostrategy
Israel strikes Iran’s nuclear sites, kills top generals; Tehran, Iraq shut airspace, casualties reported
Israel's operation struck at the "heart of Iran's nuclear enrichment programme", taking aim at the atomic facility in Natanz and...
- Israel's operation struck at the "heart of Iran's nuclear enrichment programme", taking aim at the atomic facility in Natanz and nuclear scientists
- Iranian state media said residential buildings in Tehran were also hit, killing a number of civilians including women and children