Asian markets rise as traders prepare for expected US rate cut
Asian stocks rose again Tuesday to extend another record day on Wall Street as traders locked in bets on a...
Economy
WTO fishing deal: the net results
Agreed by more than 100 WTO members, the agreement sets binding rules requiring governments to consider the legality and sustainability...
Geostrategy
Geostrategy
Five freed US detainees leave Iran in prisoner swap
The five, who include a businessman and a conservationist, and who left Iran on a Qatari plane accompanied by two...
- Biden also granted clemency to the five Iranian ex-detainees. The US insists Iran will only be allowed to use the money to buy food, medicine and other humanitarian goods.
- The five Americans -- all considered Iranian nationals by Tehran, which rejects dual nationality -- were released to house arrest when the deal was agreed last month.
Geostrategy
UN agencies warn of disease threat in Libya’s Derna city
UN agencies warned that Libya's flood-stricken city of Derna, where thousands were killed a week ago, faces the threat of...
- The massive flash flood that killed over 3,000 people and left thousands more missing came as Libya was lashed by the hurricane-strength Storm Daniel.
- “Teams from nine UN agencies have been on the ground delivering aid and support,” said the UN Support Mission in Libya.
Business
Israeli PM Netanyahu to meet Elon Musk during US visit
Benjamin Netanyahu announced his meeting with Elon Musk through a post and told that they will discuss artificial intelligence. The...
- Netanyahu said on Monday that Israel needs to become an Artifical Intelligence leader
- He will meet presidents of Ukraine, US and Turkey among other world leaders
Geostrategy
Israeli restrictions hinder Palestinians’ access to healthcare: World Bank
Jerusalem--Israel's restrictions and rising fiscal constraints in the Palestinian territories are severely impacting the economic conditions of Palestinians and hindering...
- The World Bank, in a report, said that Palestinian economy was performing below potential, with per capita income expected to stagnate
- The report added that the restrictions imposed by Israel often makes it hard to provide timely life-saving healthcare to Palestinians
Business
Shares in Chinese property giant Evergrande plunge after employees’ arrest
Evergrande, the world's most-indebted property developer with an estimated debt of $328 billion (307 billion euros) at the end of...
- Evergrande's stock price dipped to 0.47 around 9 am in Hong Kong (0100 GMT) on Monday, before ticking back up, after closing at 0.62 Hong Kong dollars on Friday
- The drop comes two days after police of the Shenzhen said in a statement that several employees of Evergrande's financial subsidiary were arrested
Economy
UN meet looks to salvage promises on helping world’s poorest
The UN head said the summit will seek a "global rescue plan" on the targets of Sustainable Development Goals, as...
- Developing countries' leaders will be present in force even as US has hoped to show it is also interested in development
- Antony Blinken said he would hold a meeting at the UN on how to use AI to advance the Sustainable Development Goals
Economy
Iraq pledges to raise financial support for Kurdistan
Days after thousands of people took to the streets in the Kurdistan region over unpaid civil service salaries which they...
- Three state-banks will loan the funds and then be reimbursed by the finance ministry in Baghdad
- Baghdad has been blamed long by Iraqi Kurdistan for not sending the necessary funds to pay civil servants
Geostrategy
Chinese FM Wang Yi to visit Russia Sept 18-21: foreign ministry
Beijing, China - China's top diplomat Wang Yi will begin a four-day visit to Russia for security talks on Monday,...
- China and Russia are strategic allies, with both countries frequently touting their "no limits" partnership and economic and military cooperation
- Their ties became even closer after Russia invaded Ukraine in February last year, which China has refused to criticize
Geostrategy
Three firefighters die in Turkey helicopter crash
ISTANBUL, TURKEY - Turkish divers searched on Sunday for the bodies of three firefighters who died when their helicopter crashed into...
- Turkey has funnelled resources into its emergency response efforts after being gripped by devastating fires in 2021.
- Global warming is changing weather patterns and contributing to a years-long drought across swathes of Turkey.
Geostrategy
Egypt coalition says it will shun presidential election
The coalition's potential presidential candidate, Hisham Kassem, was Saturday sentenced to six months in jail. The presidential election, expected to...
- The only candidate campaigning so far, Ahmed al-Tantawi, has denounced repeated harassment by the security forces against his teams and supporters.
- Kassem's Free Current coalition, formed in June by opposition parties, advocates economic liberalization and calls for an end to the army's stranglehold on Egypt's economy.
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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
Asian markets rise as traders prepare for expected US rate cut
Asian stocks rose again Tuesday to extend another record day on Wall Street as traders locked in bets on a...
Economy
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Iran says talks with US will remain ‘indirect’, to focus solely on nuclear issue, lifting sanctions
Analysts had said the US would push to include on the agenda discussions over Iran's ballistic missile programme, along with...
Geostrategy
Syria’s interim president Ahmed al-Sharaa makes first visit to UAE
Damascus, Syria -- Syria's interim President Ahmed al-Sharaa, whose war-devastated country seeks Gulf financial support, traveled to the United Arab...
Geostrategy
Gaza hospital damaged in Israeli strike: civil defence
There were no reports of casualties in the strike and the Israeli military told AFP they were looking into the...
Geostrategy
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Business
US exempts several consumer electronics from Trump’s import tariffs
Washington, United States -- The Trump administration has exempted a raft of consumer electronics from its punishing import tariffs --...
- US Customs and Border Protection office said smartphones, laptops, memory chips and other products would be excluded from the global levies President Donald Trump rolled out a week
- The exemptions will benefit US tech companies like Nvidia and Dell, as well as Apple, which makes iPhones and other premium products in China.
Geostrategy
US in hurry for nuclear deal, Iran says after high-stakes, rare direct talks in Muscat
Foreign Minister Abbas Araghchi, who briefly spoke face-to-face with Trump's special envoy Steve Witkoff during the indirect meeting in Oman,...
- The long-term adversaries, who have not had diplomatic relations for more than 40 years, are seeking a new nuclear deal after Trump pulled out of an earlier agreement
- Araghchi, a key architect of the 2015 accord, and Witkoff led the delegations in the highest-level Iran-US nuclear talks since the previous accord's collapse
Geostrategy
Turkey accuses Israel of seeking to ‘dynamite’ Syria ‘revolution’
Ankara, Turkey -Turkish President Recep Tayyip Erdogan accused Israel on Friday of sowing divisions in Syria in a bid to...
- Turkey is a key backer of Syria's new leader Ahmed al-Sharaa, whose Islamist group HTS led the rebel coalition that ousted Assad in December
- Erdogan's latest comments came as officials from Turkey and Israel began talks this week aimed at easing tensions over Syria