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
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...
Business
Economy
“New Suez Canal on rails”: Egypt high-speed trains to connect Red Sea, Mediterranean
Workers have started laying tracks in the desert east of Cairo for Egypt's first high-speed train, which will link the...
- The Green Line, as it is known, is the latest of a long list of megaprojects undertaken by El-Sisi's government in the past decade
- The Green Line will run across the country's north, from Ain Sokhna on the Red Sea to Marsa Matrouh on the Mediterranean
Geostrategy
Gazans fear renewed displacement after Israeli strikes
Residents say the strikes have targeted neighborhoods east of the so-called Yellow Line -- a demarcation established under the truce...
- Earlier this month, Israeli army chief Lieutenant General Eyal Zamir described the Yellow Line as the "new border line" with Israel.
- For Palestinian officials, the line is seen as a tool for permanent displacement.
Business
Kuwait signs $4.1 billion deal with China to build port
Kuwait City, Kuwait -- Kuwait has signed a deal worth $4.1 billion with China to complete the construction of a...
- Prime Minister Sheikh Ahmad Al-Abdullah Al-Ahmad Al-Sabah project would "enhance Kuwait's share in the regional and international trade and global supply chain".
- Chinese acting charge d'affaires Liu Xiang said the deal "constitutes participation in the 'belt and road' initiative".
Geostrategy
Ex-Israeli PM accuses Netanyahu of ‘treason’ over alleged Qatar funding to his aides
Former Israeli premier Naftali Bennett, widely regarded as a leading contender in next year's legislative elections, called on Monday for...
- Bennet's remarks followed a report which purportedly revealed conversations between Netanyahu's advisers in connection with the case
- In April 2025, Netanyahu declared that Qatar was "not an enemy" of Israel, defending his two advisers who had been taken into custody
Business
Tech stocks lead Wall Street higher, gold hits fresh record
Tech firms also led the rally in Asia, with South Korea's Samsung Electronics, Taiwan's TSMC and Japan's Renesas among the...
- Gold, which benefits from expectations of lower US interest rates, hit a fresh record of $4,442.19, while silver also struck a new peak.
- The precious metals, which are go-to assets in times of crisis, also benefited from geopolitical worries as Washington steps up its oil blockade against Venezuela.
Business
Billionaire Ellison offers personal guarantee for son’s Warner Bros bid
Washington, United States -- Oracle tech tycoon Larry Ellison is offering a $40.4 billion personal guarantee to back Paramount's hostile...
- Netflix shocked the industry December 5 by announcing it had sealed an agreement to buy the film and television studio and HBO Max streaming business for nearly $83bn.
- Three days later, Paramount launched an all-cash tender offer valuing the entertainment giant at $108.4 billion.
Economy
Pressure on Morocco to deliver as Africa Cup of Nations kicks off
Morocco carry a huge weight of expectation into their opening game at the Africa Cup of Nations on Sunday as...
- Senegal, Ivory Coast, Mohamed Salah's Egypt and a Nigeria side led by Victor Osimhen are the biggest rivals for Morocco at the AFCON
- Morocco, Africa's best team in the FIFA rankings in 11th place, kick off the tournament on Sunday against minnows Comoros
Geostrategy
As diplomats gather in Miami, Kremlin denies three-way US-Ukraine-Russia talks in preparation
The Kremlin on Sunday denied that three-way talks between Ukraine, Russia and the United States were on the cards, as...
- Russian envoy Kirill Dmitriev arrived in Miami, where Ukrainian and European teams have also been gathering for the negotiations
- The top Kremlin aide also told Russian journalists Sunday that he had "not seen" the revised US proposal to end the conflict
Geostrategy
Israel’s security cabinet approves 19 new settlements in West Bank, a move to scuttle ‘a Palestinian state’
The decision brings the total number of settlements approved over the past three years to 69, according to a statement...
- The latest approvals come days after the UN said the expansion of Israeli settlements in the West Bank had reached its highest level since at least 2017.
- Excluding east Jerusalem, which was occupied and annexed by Israel in 1967, more than 500,000 Israelis live in the West Bank.
Geostrategy
Macron meets UAE leaders to deepen strategic partnership, discuss defense, AI, trade and drug trafficking
Macron is due to meet with UAE President Mohamed bin Zayed Al Nahyan to discuss "strengthening the strategic partnership" between...
- The French president traditionally celebrates the end-of-year holidays with troops deployed abroad, of whom there are more than 900 in the UAE.
- France cooperates with the UAE on areas including artificial intelligence and trade, and now wants to secure the Gulf state's support in its war on drug trafficking.
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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
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
Company News
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10 killed in Aleppo building collapse: Syria state media
The five-story building collapsed in the Ferdaws neighbourhood of Aleppo. Civil defence and local authorities evacuated residents from nearby buildings...
Sudanese journalists form union to safeguard press freedom
The journalists' syndicate held elections on Saturday, the first since ousted president Omar al-Bashir dissolved independent unions after rising to...
Morocco bus crash leaves 23 dead, scores injured
An average of 3,500 deaths and 12,000 injuries have been recorded annually in Morocco, according to the National Road Safety...
Tunisia train accident leaves nearly 100 passengers injured
A head-on collision between two passenger trains injured 95 people on Monday morning in the south of the Tunisian capital,...
Iranian jet fighter crashes, three killed, reports state TV
Jet fighter crashed in a residential area of the northwestern city of Tabriz.
France’s screen siren Brigitte Bardot dies at 91
Arts & Culture
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...
Business
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...
Arts & Culture
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...
Geostrategy
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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.
Economy
Turkish authorities make further arrests in football betting scandal
The betting scandal in Turkish football deepened on Friday as 29 people, including 14 footballers, were arrested, the Istanbul public...
- Their arrests follow the incarceration of six referees and the president of top tier club Eyupspor at the beginning of November
- Amongst those arrested were a former president of Turkish giants Galatasaray, Erden Timur, the vice-president of Eyuspor