UAE raises $299 million in Islamic Treasury Sukuk auction
Abu Dhabi, UAE — The UAE Ministry of Finance (MoF), in collaboration with the Central Bank of the UAE, has...
Business
Palestinians rally in West Bank to celebrate statehood recognition
Crowds of people rallied in the occupied West Bank on Tuesday, waving flags and holding posters of president Mahmud Abbas...
Geostrategy
Geostrategy
Scene is worse than an earthquake, say residents as Israel hammers Gaza
After air strikes and artillery fire rained down for hours overnight, much of the Gaza Strip has become an indistinguishable...
- The destruction followed an announcement from the Israeli military that its forces had expanded operations in Gaza.
- A food rations distribution center in Gaza run by the UN agency for Palestinian refugees was looted.
Geostrategy
Hamas seeks to let go Russian-Israeli hostages, says Russian media
Hamas is trying to locate eight Russian-Israeli dual citizens among nearly 230 taken hostage during its members' attack on Israel...
- "From the Russian side, via the foreign ministry, we received a list of citizens that have dual citizenship," senior Hamas representative Moussa Abu Marzook said.
- The Kremlin admitted earlier this week it had not succeeded in freeing Russian hostages and that it did not know how many of its citizens had been taken.
Geostrategy
32 killed in fire at ArcelorMittal mine in Kazakhstan
KARAGANDA, KAZAKHSTAN - A fire at a mine in Kazakhstan owed by steel giant ArcelorMittal killed 32 people on Saturday, with...
- The fire was Kazakhstan's worst mining accident since 2006, when 41 miners died at an ArcelorMittal site.
- The company said 252 miners have been brought out from underground and that rescue operations were ongoing.
Geostrategy
Skirmishes on Israel-Lebanon border displace thousands
The International Organization for Migration said in an update that 28,965 people have been displaced, mainly in the country's south,...
- Many displaced people are living in makeshift shelters in the southern Lebanon's larger towns
- Some 58 people have been killed in the cross-border exchanges of fire, most of them Hizbollah fighters
Geostrategy
US, China agree to work towards Biden-Xi meeting next month
With the Israel-Hamas conflict raging in the Middle East, Biden also "underscored that the United States and China must work...
- Biden has invited Xi Jinping to San Francisco in November for the Asia-Pacific Economic Cooperation (APEC) summit, amid tense relations with China
- A senior administration official said the White House was leaving it to Beijing to confirm that Xi would come but "we are making preparations for just such a meeting."
Geostrategy
US supports ‘humanitarian pauses’ to let aid into Gaza
White House National Security Council spokesman John Kirby said the US supports pauses in Israel's war against Hamas in order...
- His comments came after EU leaders demanded "humanitarian corridors and pauses" in the conflict
- In the meantime the Israeli army said it would extend ground operations in the Gaza Strip on Friday
Business
Eni Q3 profit drops
This drop is smaller than the 31 percent fall in Q2.
- Adjusted net profit -- a figure closely watched by the markets because it excludes exceptional items -- also fell, by 51 percent to US$1.9 billion (1.81 billion euros).
- The group's turnover fell 40 percent in the three months to US$23.5 billion (22.31 billion euros), well below analysts' expectations of US$34.4 billion (32.58 billion euros).
Geostrategy
UN raises war crimes concerns over Israel-Hamas conflict
The United Nations said it was concerned that war crimes were being committed on both sides in the conflict between...
- Israel has cut supplies of food, water and power to Gaza, notably blocking all deliveries of fuel saying it would be exploited by Hamas.
- The UN official said a humanitarian catastrophe was unfolding for the people "locked inside Gaza who are being collectively punished.
Geostrategy
UN finds Hamas’ list of death toll in Gaza shelling ‘credible’
"In the past, the five, six cycles of conflict in the Gaza Strip, these figures were considered as credible and...
- The fatalities in Gaza are the highest since Israel withdrew from the Palestinian territory in 2005.
- A UN official said 57 UNRWA staff had been killed since the conflict began, explaining how the agency's toll reflected the broader casualty rate in Gaza.
Business
Equinor profits tumble
The drop was due to sharply lower gas prices and offshore wind problems.
- Adjusted earnings, which excludes certain exceptional elements, fell by 67 percent from the same period last year to $8.0 billion.
- Revenue came in at $26 billion, a drop of nearly $18 billion from last year. Net profit plunged 73 percent to $2.5 billion.
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
UAE raises $299 million in Islamic Treasury Sukuk auction
Abu Dhabi, UAE — The UAE Ministry of Finance (MoF), in collaboration with the Central Bank of the UAE, has...
Business
Company News
Latest News
Damascus club shooting sparks fears of restriction on freedoms
A deadly shooting Monday at a Damascus club, days after another attack on the capital's nightlife, has sparked fears, adding...
Geostrategy
Iran unveils new ballistic missile with 1,200 km range
Iran on Sunday unveiled a new solid-fuel ballistic missile with a range of 1,200 kilometres (745 miles), state television reported,...
Trump says ordering ‘100% tariff’ on all movies produced abroad
Washington, United States - President Donald Trump said Sunday he was ordering new tariffs on all films made outside the...
Arts & Culture
Most Read
Huthis report U.S. strikes after missile hits Israel airport, Netanyahu vows revenge and future retaliation
Israeli Prime Minister Netanyahu warned of future retaliation, saying Israel had acted against Iran-backed Huthis before and “will act in...
- The Huthi-run Saba news agency said the strikes included two targeting Arbaeen street in the capital as well as one on the airport road, blaming them on "American aggression."
- The Huthis, who control swathes of Yemen, have launched missiles and drones targeting Israel and Red Sea shipping throughout the Gaza war, acting in solidarity with Palestinians
Economy
Warren Buffett says will retire from Berkshire Hathaway by year’s end
Buffett transformed Berkshire Hathaway from a medium-sized textile company when he bought it in the 1960s into a giant conglomerate,
- Buffett's success, coupled with his ability to explain his thinking in clear soundbites, has made him highly influential in the business and financial communities
- Several years ago, Buffett had already indicated that the 62-year-old Abel would be his pick for successor in an interview with CNBC
Economy
OPEC+ countries to open the oil taps despite price slump
Saudi Arabia, along with Russia and six other members of the oil cartel, will implement a production adjustment of 411,000...
- Saudi Arabia, along with Russia and six other members of the oil cartel, will implement a production adjustment of 411,000 barrels a day out of the ground
- Numbering a total of 22 countries, most of which are highly dependent on oil, the OPEC group had until recently been exploiting supply scarcity to boost prices