Cyprus and Egypt sign deal to process, export gas to Europe
Nicosia, Cyprus -- Cyprus and Egypt on Monday signed an agreement with an energy consortium to export gas from the Mediterranean...
Business
BRICS summit planned for July in Rio, says current chair Brazil
Rio de Janeiro, Brazil - Leaders of the countries known as BRICS will hold a summit in Rio de Janeiro in...
Geostrategy
Geostrategy
20-day-old baby Jumaa al-Batran dies from ‘severe cold’ in Gaza
Marwan al-Hamas, head of field hospitals in Gaza, confirmed the death. He said it brought to five the total number...
- Jumaa's twin brother remains in the intensive care unit at a local hospital, the health ministry in territory said.
- "There is no electricity. The water is cold and there is no gas, heating or food," said Yahya al-Batran, the father of the child.
Business
Egypt tests Suez Canal extension aimed at boosting vessel capacity
Cairo, Egypt -- Egypt has tested a new 10-kilometre (6.2-mile) extension to the Suez Canal as it tries to minimize the...
- Vessels navigating the waterway have at times run aground, mostly because of strong winds and sandstorms.
- The new extension is set to boost the canal's capacity by six to eight vessels a day, Rabie said, and it will open after new navigational maps are issued.
Geostrategy
Israeli raid puts last major Gaza health facility out of service: WHO
The World Health Organization said the operation had put the "last major health facility in north Gaza out of service"....
- The WHO said 60 health workers and 25 patients in critical condition, including some on ventilators, reportedly remained in Kamal Adwan Hospital.
- Patients in less severe condition were forced to evacuate to the destroyed, non-functioning Indonesian Hospital, the UN health agency said.
Geostrategy
New Dawn over Damascus: Residents reclaim Mount Qasyun after years of curbs under Assad’s rule
Mount Qasyun, once closed due to war, reopens as a vibrant community space where Damascus residents gather to reclaim joy,...
- Through the long years of Syria's civil war, which began in 2011 with a government crackdown on pro-democracy protesters, people were not allowed access to the mountain
- When night falls, long queues of vehicles slowly make their way up a twisting road to a brightly lit corniche at the summit
Business
Move over Mercedes: Chinese cars grab Mexican market share
Mexico City, Mexico -- The growing popularity of Chinese sport utility vehicles and pickup trucks has shaken up Mexico's luxury car...
- Mexicans are increasingly switching from traditionally dominant sedans to Chinese vehicles due to a combination of comfort, technology and price.
- It is no small feat in a country home to factories of foreign brands such as Audi and BMW, and where until a few years ago imported Chinese cars were stigmatized.
Business
Global stocks rise as Japan led Asia gains on a weaker yen
Seoul was an outlier in Asia with shares plunging as South Korea's political crisis deepened with a second impeachment vote....
- Japan's Nikkei index closed up nearly two percent, with the yen's recent weakness proving a boon for major exporters.
- In Europe, Frankfurt's DAX index rose after German President Frank-Walter Steinmeier dissolved parliament on Friday and confirmed the expected date for the early general election
Israeli strikes hit Yemen as Netanyahu fires warning
Israeli air strikes pummeled Sanaa's international airport and other targets in Yemen on Thursday, with Huthi rebel media reporting six...
- Prime Minister Benjamin Netanyahu warned that Israel's strikes would "continue until the job is done"
- Iran's foreign ministry condemned the strikes as a "violation" of peace and security
Geostrategy
Israeli strike on broadcast vehicle kills five Al-Quds Today journalists
Palestinian Territories -- A Palestinian TV channel said five of its journalists were killed Thursday in an Israeli strike on...
- The station identified the five staffers as Faisal Abu Al-Qumsan, Ayman Al-Jadi, Ibrahim Al-Sheikh Khalil, Fadi Hassouna and Mohammed Al-Lada'a.
- The Palestinian Journalists Syndicate said last week that more than 190 journalists had been killed and at least 400 injured since the start of the war in Gaza.
Economy
Turkey lowers interest rate to 47.5% as it battles double-digit inflation
The bank's monetary policy committee decided to reduce the policy rate from 50 percent to 47.5 percent, with a statement...
- The central bank began to raise interest rates last year to battle soaring prices, after President Recep Tayyip Erdogan dropped his opposition to orthodox monetary policy.
- The central bank now expects inflation to reach 44 percent at the end of 2024, up from a previous estimate in August of 38 percent.
Syrian war monitor says 17 dead in clashes in Tartus province
17 people were killed Wednesday in clashes in Tartus province after security forces sought to arrest an officer under deposed...
- 14 interior ministry personnel were killed and 10 others wounded
- Clashes in Tartus province erupted after residents refused to allow their houses to be searched
Cyprus and Egypt sign deal to process, export gas to Europe
Nicosia, Cyprus -- Cyprus and Egypt on Monday signed an agreement with an energy consortium to export gas from the Mediterranean...
Business
Company News
Latest News
Tunisia’s president announces constitutional referendum
Kais Saied presented a roadmap for restoring democratic institutions, and announced a nationwide public consultation from January 1 until March...
IMF says Omicron could slow global growth
According to the economists, Omicron's threat to economy will likely be less severe than the previous waves.
Egypt to present ‘vision’ for Gaza reconstruction without displacement amid Trump threat to halt aid
The statement came a day after US President Donald Trump said he could "conceivably" halt aid to Egypt and Jordan...
Geostrategy
Jordan king set for tense Trump talks as Gaza truce under strain
The talks come a day after Trump said he could "conceivably" halt billions of dollars in US aid to both...
Geostrategy
Chinese auto giant BYD to integrate DeepSeek, broaden self-driving tech
BYD will install its "God's Eye" autonomous driving system in at least 21 models, including the Seagull budget hatchback priced...
Business
Most Read
Geostrategy
Under US takeover plan, Palestinians will have no right of return to Gaza: Trump
Trump told Fox News Channel’s Bret Baier that "I would own it" and that there could be as many as...
- Arab League chief Ahmed Aboul Gheit said on Sunday that the thinking behind Netanyahu's remarks "is unacceptable and reflects a complete detachment from reality"
- The Saudi foreign ministry stressed its "categorical rejection to such statements that aim to divert attention from the continuous crimes in Gaza
Geostrategy
Egypt to host emergency Arab summit on Palestinians: foreign ministry
Cairo, Egypt -- Egypt will host a summit of Arab nations on February 27 to discuss "the latest serious developments" concerning...
- The "emergency Arab summit" comes as Egypt has been rallying regional support against US President Donald Trump's plan to relocate Palestinians from Gaza to Egypt and Jordan.
- The remarks have prompted global backlash, and Arab countries have firmly rejected the proposal, insisting on an independent Palestinian state alongside Israel.
Geostrategy
Iran ready to negotiate with US but not under ‘maximum pressure’: minister
In 2015, Iran struck a landmark deal with the United States, France, Germany, Britain, China and Russia to regulate its...
- In 2015, Iran struck a landmark deal with the United States, France, Germany, Britain, China and Russia to regulate its nuclear programme in return for the easing of international
- However, in 2018, during his first term, Trump unilaterally withdrew the United States from the agreement and reinstated heavy sanctions on Tehran, despite European opposition