US again vetoes UN Security Council Gaza ceasefire call
The United States on Thursday again wielded its veto and thwarted a UN Security Council call for a ceasefire in...
Geostrategy
US Fed makes first rate cut of 25 basis points over employment risks as Trump mounts pressure
Fed Chair Jerome Powell stressed that the central bank remains "strongly committed" to maintaining its independence from politics, however, when...
Economy
Geostrategy
Qatar begins construction on North Field gas expansion
RAS LAFFAN, QATAR - Qatar's state-owned energy giant began construction on Tuesday on a project to expand production from the world's...
- There has been mounting demand for Qatari gas as European consumer nations have scrambled to replace lost Russian deliveries.
- Qatari Energy Minister Saad al-Kaabi called the project a "leap towards our country's leadership in the field of energy".
Geostrategy
Countries pledge to raise $12 billion to help coral
The pledge comes with coral around the world under particularly acute stress because of record warm seas this year.
- Marine heatwaves -- episodes of abnormally high water temperatures -- have become more frequent and intense.
- Oceans have absorbed 90 percent of the excess heat produced by human activity since the dawn of the industrial age, according to scientists.
Geostrategy
Turkey arrests dozens in raids after Ankara attack
The raids across a swathe of Turkey's predominantly Kurdish southeast came two days after a branch of the PKK --...
- Interior Minister Ali Yerlikaya said security services had detained 67 "terrorist organization members" across 16 provinces
- Turkey on Sunday also launched air strikes against suspected PKK rear bases in the mountains of northern Iraq
Business
Ford lays off 300 US workers
The workers were asked not to report to work due to the strike.
- The strike against the "Big Three" car manufacturers -- Ford, Stellantis and General Motors -- began on September 15 when a previous contract expired without a replacement
- Instead of calling for all of its 146,000 members to strike at once, the UAW union has deployed a targeted approach, adding more sites as the weeks drag on
Turkey’s inflation hovers near 60% after policy U-turn
The data suggest that Turkey's inflation rate is starting to peak after Erdogan signed off on a series of sharp...
- The TUIK state statistics agency said consumer prices rose by 61.5 percent over a 12-month period ending in September
- The month-on-month increase in prices also slowed to 4.8 percent from 9.1 percent in August and 9.5 percent in July
‘Left to die’: report exposes horrors at Syria army hospital
Sick prisoners sent from detention facilities to the capital's Tishreen Military Hospital for treatment rarely received any medical attention, according...
- The latest ADMSP report is based on interviews with 32 people including former detainees, security personnel and medical staff, as well as leaked documents
- According to the report, inmates who died in custody from torture or poor conditions, particularly at Sednaya, were taken to the Tishreen hospital and then to "mass graves"
Economy
EU seeks to protect sensitive tech from Chinese buyers
Brussels is creating a trade armory to protect the bloc from actions by rival countries, including a tool aimed at punishing...
- EU Commission will publish a list of critical technologies it believes Europe must not make easily available to others
- MEPs will also quiz the commission about the EU's relations with China after a visit by trade commissioner to China
Business
Sonatrach sacks CEO
Algeria's president has named Rachid Hachichi as new CEO.
- The Algerian government owns the company entirely, relying on the company's profits for about 60 percent of its budget and 95 percent of export revenues
- The company has been marred by a series of corruption allegations and financial scandals, some of which have prompted investigations in Algeria and abroad
Geostrategy
Second Israeli minister in Saudi Arabia amid talk of normalization
Amid mounting speculation that Saudi Arabia and Israel will normalize ties, the minister traveled to Riyadh for a meeting of...
- Shlomo Karhi is heading a 14-member delegation, including lawmaker David Bitan and representatives of the foreign ministry
- The White House said last week that Saudi Arabia and Israeli were moving towards the outline of a deal to normalize ties
Saudi-Iran club match axed amid row over slain commander’s statue
The Saudi state-affiliated Al-Ekhbariya channel reported on Monday night that Ittihad had left Iran for Saudi Arabia. The dispute comes...
- An official with Saudi side Al Ittihad said a dispute arose after club administrators objected to a bust of Soleimani, who was killed by a US drone strike in 2020
- Soleimani commanded the foreign operations arm of the Islamic Revolutionary Guard Corps and remains a revered figure in Iran following his 2020 assassination
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
US again vetoes UN Security Council Gaza ceasefire call
The United States on Thursday again wielded its veto and thwarted a UN Security Council call for a ceasefire in...
Geostrategy
Company News
Latest News
Beijing slams ‘appeasement’ of US in trade deals that hurt China
China on Monday hit out at other countries making trade deals with the United States at Beijing's expense, promising countermeasures...
Economy
From tariffs to deportations, Trump’s first 100 days signal imperial shift in US leadership
Trump has also stepped up the sense of an endless reality show in which he is the star, as he...
Geostrategy
Gaza rescuers say Israeli air strikes kill 25 and injure dozens of Palestinians
Gaza City, Palestinian Territories -- Gaza's civil defense agency reported that Israeli air strikes since dawn on Sunday have killed...
Geostrategy
Most Read
Geostrategy
Lebanon president says disarming Hezbollah ‘delicate’ as two dead in strikes
Beirut, Lebanon -- Lebanese President Joseph Aoun said Sunday that disarming Hezbollah group was a "delicate" matter whose implementation required...
- "We will implement" a state monopoly on bearing arms "but we have to wait for the circumstances" to allow this. "Nobody is speaking to me about timing or pressure."
- Hezbollah, long a dominant force in Lebanon, was left weakened by more than a year of hostilities with Israel, sparked by the Gaza war.
Economy
UAE foreign trade increases by 49% to reach $1.42 trillion in 2024
The UAE climbed from 17th to 11th globally in merchandise exports and from 18th to 14th in imports between 2021...
- The UAE accounted for 41.4 percent of the Middle East’s $1.5 trillion merchandise exports, with regional exports growing by 3.7 percent and services by 4.1 percent in 2024.
- Globally, the UAE contributed 2 percent to services exports and 1.3 percent to imports, with service exports of $176 billion and imports of $106 billion.
Business
Global tax plans targeting super rich and tech giants stall under Trump
Paris, France -- Global tax plans targeting billionaires and multinational companies are running aground, with the United States torpedoing reforms...
- Countries have accused Amazon, Microsoft, Google owner Alphabet and Facebook's parent company Meta of sidestepping local taxes.
- Trump issued a warning on February 21 to countries that would hit big tech and other US companies with fines or taxes that are "discriminatory, disproportionate".