Donald Trump ramps up transition moves with key appointments
President-elect Donald Trump is tapping loyalists for several key posts after signaling his desire to have his cabinet confirmed without...
Geostrategy
Saudi hosts Muslim nations to discuss war in the Middle East with Trump in the equation
Arab and Muslim leaders are gathering in Saudi capital city Riyadh to discuss Israeli war against Gaza and Lebanon in...
Geostrategy
Geostrategy
Battles rock Gaza City after mass evacuation order
US President Joe Biden said that US diplomats were making "progress" with international mediators towards a ceasefire and stressed that...
- A major focus of recent battles and mass displacement has been the biggest urban area, Gaza City
- Israel's military said it was also fighting in the Rafah area
Economy
Riyadh’s “Global Sports Tower” designs approved
Led by His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, the initiative's purpose is to elevate the...
- Standing at 130 meters, the tower will feature over 30 sports facilities
- Designed with a blend of traditional and modern Salmani architecture, it promises to be a distinctive addition to Riyadh's skyline
Business
Saudi Aramco share sale nets $12.35 billion on investor demand
Riyadh, Saudi Arabia -- Saudi Aramco netted $12.35 billion, $1 billion more than expected, from a secondary share sale after exercising...
- The offering announced in May was the largest in the Middle East since Aramco's record initial public offering (IPO) in 2019, bolstering Saudi's finances.
- Aramco, the jewel of the Saudi economy that remains mostly state-owned, announced on May 30 that it would sell 1.545 billion shares.
Business
Shell, TotalEnergies and BP take stakes in UAE gas project
Dubai, United Arab Emirates -- Energy majors TotalEnergies, Shell and BP will each take a 10 percent stake in a liquefied...
- Japanese trading company Mitsui & Co. will also acquire 10 percent of the Ruwais LNG plant, scheduled to come online in 2028, the Abu Dhabi National Oil Company (ADNOC) said.
- ADNOC, the UAE's key revenue-earner, will retain a 60 percent majority stake, the firm said following a signing ceremony.
Geostrategy
Israel defense minister says “60 percent” of Hamas dead or wounded
Israel has launched major new offensives in Gaza City, even as it also embarks on contacts with international mediators on...
- Gallant reaffirmed that Israel was "determined" to meet its war goals of eradicating Hamas
- "We have eliminated or wounded 60 percent of the Hamas terrorists", he said
Business
Methanol-powered ship to set sail for Europe’s first ‘green’ route
Rotterdam, Netherlands -- The first methanol-powered ship to ply routes between Europe's busy ports was unveiled Tuesday in Rotterdam, with shipping...
- The Eco-Maestro, a 13,675-tonne container carrier will head off to Antwerp in the next few days, before plotting a course for Klaipeda in Lithuania and Riga in Latvia.
- Completed in China earlier this year, the Eco-Maestro is kitted out with the latest engines that can run on methanol -- a sustainable fuel made from decomposed organic matter.
Geostrategy
What we know about the rocky ‘roadmap’ to an elusive Gaza ceasefire
Jerusalem, Undefined - Qatari and Egyptian mediators are cajoling Israel and Hamas towards negotiations on a plan to end their war,...
- US President Joe Biden first outlined in late May what he called an Israeli initiative for a truce and hostage release deal
- Since the October 7 Hamas attacks, much of Gaza has been reduced to rubble and its 2.4 million people are surviving on sporadic aid deliveries
Geostrategy
Heavy battles in Gaza City on eve of new truce talks
Hamas has accused Israeli Prime Minister Benjamin Netanyahu of deliberately stepping up battles in Gaza City and far-southern Rafah to...
- Troops, tanks and aircraft were fighting in Gaza on the eve of new truce talks
- Israeli forces on Monday intensified fighting and bombardment across the city
Business
China’s BYD signs deal to open electric car plant in Turkey
Istanbul, Turkey -- China's electric vehicle giant BYD on Monday signed a one-billion-dollar agreement with Turkey to open a plant in...
- The one-billion-dollar agreement would likely help China dodge new European Union tariffs.
- The BYD facility will have an annual capacity of 150,000 vehicles as well as a research and development center.
Business
Chip giant TSMC briefly joins trillion-dollar club
New York, United States -- Chip-making juggernaut Taiwan Semiconductor Manufacturing Co. briefly surpassed $1 trillion in market capitalization on Monday as...
- TSMC controls more than half the world's output of chips and supplies them for everything from Apple's iPhones to Nvidia's cutting-edge artificial intelligence hardware.
- The company hit the threshold briefly after the opening bell in New York, but slipped lower in later trading.
Donald Trump ramps up transition moves with key appointments
President-elect Donald Trump is tapping loyalists for several key posts after signaling his desire to have his cabinet confirmed without...
Geostrategy
Company News
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Erdogan says Gaza ‘shame of humanity’, calls for permanent ceasefire
Tirana, Albania - Turkey's President Recep Tayyip Erdogan renewed his attacks on Israel as he arrived in Tirana Thursday, the first...
Geostrategy
Details: Fresh Israeli attacks kill more Lebanese as Europe flays Netanyahu over strike against UN
Israel attacks Lebanon killing dozens and injuring more than 100 people, while Joe Biden calls Netanyahu a "liar" and Amnesty...
UN probe accuses Israel of seeking to ‘destroy’ Gaza healthcare
"Israel has perpetrated a concerted policy to destroy Gaza's healthcare system as part of a broader assault on Gaza," the...
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Geostrategy
Saudi Crown Prince holds talks with Iranian foreign minister in Riyadh
Saudi Arabia and Iran hold discussions on bilateral and regional issues, especially on peace efforts in Lebanon and Gaza. Also,...
- "I hope that these consultations can lead to better conditions for Palestine and Lebanon and establish peace in the region"
- Hezbollah told the Lebanese authorities it accepted a ceasefire with Israel the day an Israeli strike killed its leader Hassan Nasrallah
Science
Nobel-winning physicist ‘unnerved’ by AI technology he helped create
Washington, United States - A US scientist who won the 2024 Nobel physics prize for his pioneering work on artificial intelligence...
- John Hopfield, a professor emeritus at Princeton, joined co-winner Geoffrey Hinton in calling for a deeper understanding of the inner workings of deep-learning systems
- With the meteoric rise of AI - and the fierce race it has sparked among companies - the technology has faced criticism for evolving faster than scientists can fully comprehend
Geostrategy
Israel continues to tear apart Gaza and parts of Lebanon; Hamas-Hezbollah alive and kicking
While Israel continues to attack Gaza and Lebanon, the situation is "very scary" in Gaza Strip according to a Red...
- "It seems Israel aims to create long-term demographic changes through displacement to fully colonize Gaza"
- Few remaining hospitals and clinics in Gaza have been hit hard by a lack of supplies with restricted humanitarian aid