Gold, silver prices tumble as investors soothed by Trump’s Fed pick
Gold and silver prices dived Friday, European stock markets ended the week up while Wall Street fell slightly with investors reassured...
Economy
Trump says Iran wants talks and ‘make a deal’ as US aircraft carrier deploys
A US naval strike force led by an aircraft carrier was in Middle Eastern waters on Tuesday as Iran vowed...
Geostrategy
Geostrategy
Yemen separatist leader fled to UAE: Saudi-led coalition
Aidaros Alzubidi was accused of high treason and removed from Yemen's Presidential Leadership Council on Wednesday, while the coalition bombed...
- Last month's STC offensive brought fresh turbulence to fractured Yemen and exposed deep rifts between Gulf allies Saudi Arabia and the UAE.
- The oil-rich neighbors formed the backbone of the coalition fighting Iran-backed Houthi rebels in Yemen, who overran the capital Sanaa in 2014 and still control much of the country
Geostrategy
Saudi strikes Yemen after separatist leader skips talks
A Saudi-led coalition struck the home province of Yemen's UAE-backed separatist leader on Wednesday, after he failed to show up...
- The separatists said they were open to discussions but warned they had lost contact with their delegation in Riyadh
- On Wednesday, more than 15 air strikes hit Dhale, a local official told AFP, killing four people, according to two hospital sources
Geostrategy
US energy secretary says will control Venezuelan oil sales ‘indefinitely’
US Energy Secretary Chris Wright said Wednesday that Washington will control sales of Venezuelan oil "indefinitely," a day after President...
- Trump said Tuesday that 30–50 million barrels of Venezuelan crude will be shipped to US ports, with the revenue under his control
- On Saturday, US special forces snatched Maduro and his wife from Caracas and whisked them to New York to face trial on drug charges
Geostrategy
Yemen separatists set for Riyadh talks after fighting: official
The leader of Yemen's separatists is heading to Riyadh on Tuesday for talks, a Yemeni official told AFP, after days...
- Saudi Arabia had called for talks between the Yemeni factions in Riyadh at the request of Yemen's government
- The Saudi-organised talks indicate the beginning of de-escalation efforts after clashes in Yemen's government-run areas
Geostrategy
Venezuelan parliament swears in interim president after Maduro’s ouster
Venezuela's parliament swore in Delcy Rodriguez as interim president on Monday, two days after US forces seized her predecessor Nicolas...
- Rodriguez, who has indicated she will cooperate with Washington, took the oath of office during a ceremony in the National Assembly
- Parliament denounced the capture of leftist leader Maduro while vowing support for his stand-in Rodriguez after the US military attack
Business
Oil prices gain, as equities extend record run higher
Oil prices have experienced choppy trading since the surprise US raid Saturday on Caracas that saw Venezuelan president Nicolas Maduro...
- Brushing off geopolitical concerns, some major stock markets have begun the new year with new all-time highs, having smashed records in 2025.
- Seoul rose more than one percent Tuesday to top 4,500 points for the first time, helped by another strong rally in chip giant SK hynix.
Geostrategy
US operation in Venezuela undermined international law: UN
"States must not threaten or use force against the territorial integrity or political independence of any state," Ravina Shamdasani, spokeswoman...
- Shamdasani said the UN rights office had spent years reporting on the "continued deterioration" in Venezuela.
- But she dismissed US justifications for its actions, saying accountability for rights violations "can't be achieved by military intervention in violation of international law".
Geostrategy
Venezuela’s interim leader names commission to handle Maduro’s release
Venezuela's interim president Delcy Rodriguez on Sunday created a commission to seek the release of president Nicolas Maduro and his...
- Rodriguez tapped her brother Jorge, president of the National Assembly, and Foreign Minister Yvan Gil to co-chair the commission
- Accused of drug trafficking and terrorism, Maduro was detained in a New York jail Saturday and is due in court Monday
Geostrategy
Netanyahu says Israel won’t let Iran restore ballistic missile programme
Prime Minister Benjamin Netanyahu said Monday that Israel would not allow arch-foe Iran to restore its ballistic missile programme, just...
- "We will not allow Iran to restore its ballistic missile industry, and certainly we will not allow it renew the nuclear programme that we significantly damaged," Netanyahu said
- Netanyahu's threat comes days after Trump threatened to "eradicate" Iran's nuclear and ballistic missile programme, after the two leaders met in Washington last week
Business
Volatility grips oil market as nervous investors assess Venezuela
Having spiked in an initial reaction to the military operation to apprehend Nicolas Maduro in Caracas, oil prices quickly dropped...
- But then oil recovered again as investors realized that Venezuela is in no position to make a meaningful impact on oil supply in the short run.
- Trump's promise to rebuild Venezuela's crude production capacity with the help of American companies meanwhile sent stocks in oil majors soaring.
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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
Gold, silver prices tumble as investors soothed by Trump’s Fed pick
Gold and silver prices dived Friday, European stock markets ended the week up while Wall Street fell slightly with investors reassured...
Economy
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Beyonce, Jay-Z, Grande, and Billie Eilish shortlisted for Oscar
Iran's Asghar Farhad is among a select group of auteurs to have won multiple foreign film Oscars previously again makes...
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.
Trump at Davos demands ‘immediate’ Greenland talks but rules out force
Trump's quest to take control of Greenland, which he said was needed for national and international security, dominated his address...
Geostrategy
European leaders vow ‘unflinching’ response to Trump’s plans to annex Greenland
The US president, who will address the annual gathering of global elites on Wednesday, has put the transatlantic alliance to...
Geostrategy
Putin invited to Trump’s ‘Board of Peace’ aimed at resolving conflicts globally: Kremlin
Russian President Vladimir Putin has been invited to join US President Donald Trump's "Board of Peace" aimed at resolving conflicts...
Geostrategy
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Geostrategy
Trump threatens European nations with tariffs over Greenland
Trump aimed his ire at Denmark, a fellow NATO member, as well as several European countries that have deployed troops...
- If realized, Trump's threats against Washington's NATO partners would create unprecedented tension within the alliance.
- It was not immediately clear what authority the US leader would invoke to impose the threatened tariffs of up to 25 percent.
Geostrategy
Putin speaks to Israel, Iran leaders to help ‘de-escalate’ the situation: Kremlin
Russian President Vladimir Putin on Friday held calls with the leaders of Israel and Iran, the Kremlin said, offering mediation amid...
- On Friday, Russia announced Putin was in contact with both Israeli PM Netanyahu and Iranian President Masoud Pezeshkian
- In his call with Pezeshkian, Putin pledged to further strengthen their countries' "strategic partnership", the Kremlin said
Geostrategy
Saudi, Qatar, Oman convinced Trump to ‘give Iran a chance’: senior Saudi official
Two diplomatic sources told AFP on Thursday that the security posture at Qatar's Al-Udeid Airbase had been lowered after a...
- The Gulf trio "led a long, frantic, diplomatic last-minute effort to convince President Trump to give Iran a chance to show good intention", the Saudi official said
- The United States has repeatedly warned it could intervene against Iranian government crackdown on protests, while Tehran has said it would retaliate with strikes