UAE summons Israel envoy over ‘cowardly’ Qatar attack, condemns Netanyahu’s statements
The UAE, along with Bahrain, was the first Gulf country to normalize ties with Israel in 2020 and has been...
Geostrategy
Global oil supply hit record high in August: IEA
Paris, France -- Global oil supply hit a record high in August as OPEC+ and other countries ramped up production,...
Economy
Geostrategy
Two fighters killed in Israeli strikes near Damascus: NGO
Israel, during more than a decade of civil war in Syria, has launched hundreds of air strikes on its territory,...
- Syrian Observatory for Human Rights said "two pro-regime fighters were killed in Israeli strikes against military positions"
- Syria's official news agency had said earlier that the country's air defences had intercepted "hostile targets" in the Damascus area
Economy
Syrians rally against poor economic conditions in government-held areas
Beirut, Lebanon - Hundreds of demonstrators took to the streets again on Monday in Syria's southern city of Sweida, local media...
- Days of rare protests have erupted in the south after the government lifted fuel subsidies last week, dealing a blow to Syrians.
- "We've had enough, the Syrian people are suffocating," one activist in Sweida said on condition of anonymity for security reasons.
Business
$61bn Broadcom-VMware merger cleared
The merger is expected to be completed by the end of Oct.
- The Competition and Markets Authority last month gave its provisional approval to the deal announced in May 2022.
- The CMA found that restricting product interoperability would cause the merged company greater financial losses than gains.
Geostrategy
Did not hear any noise from global organizations on journalist Dugina’s death, says Russia
MOSCOW, RUSSIA - Russia still has not heard any reaction from international organizations regarding the assassination of journalist Darya Dugina...
- The diplomat recalled a series of assassination attempts and murders of Russian journalists and opinion leaders committed by the Kiev regime.
- Darya Dugina, 29, was killed on August 20 when her car was blown up on the M1 Highway in the Moscow Region’s Odintsovsky district.
Market Report
European stocks rise, China rate cut fails to ease worries
European stocks rebounded but Asian markets ended mixed after a Chinese rate cut failed to reassure investors. At midday, Paris...
- There are concerns that the US Federal Reserve could raise interest rates further and keep them elevated for longer.
- Focus turns this week to a symposium of top central bankers and business leaders at Jackson Hole, Wyoming, with dealers hoping for guidance on rates.
Geostrategy
Israeli woman shot dead in West Bank attack: medics
The incident comes two days after an Israeli father and son were gunned down at a car wash in the...
- The Israeli army, confirming the death of the 40-year-old woman, said the two civilians came under fire when they were driving
- The "shooting attack was carried out from a passing vehicle on Route 60 adjacent to the city of Hebron toward civilians who were driving in the area", said army
Economy
China cuts key interest rate to support economy
The measures, which run counter to rising interest rates around the world as other major economies work to curb inflation,...
- The one-year loan prime rate was reduced from 3.55 percent to 3.45 percent, the People's Bank of China said in a statement
- The decision is intended to encourage commercial banks to grant more loans and at more advantageous rates
8 fighters killed in Russian strikes on rebel-held northwest Syria: monitor
"Russian warplanes carried out air strikes on the western outskirts of Idlib city, targeting a military base belonging to Hayat...
- Media said the strikes, which came shortly after midnight, targeted an area on the outskirts of Idlib city near swimming pools
- The rebel-held Idlib region is home to about three million people, around half of them displaced from other parts of the country
Geostrategy
Cyprus marine police rescue 86 migrants off the coast
Cypriot authorities say there has been a rise in the number of migrants arriving by boat this year, with a...
- The Joint Rescue Coordination Centre (JRCC) said the operation was successful, with 61 men, six women and 19 children brought safely to shore
- A marine police patrol boat and two speedboats were involved in the rescue off Cape Greco, near the resort of Ayia Napa
Turkey’s leader Erdogan in Hungary for NATO, energy talks
Hungary has still not voted to approve the Nordic country's entry into the North Atlantic Treaty Organization, having aligned itself...
- The two countries have also discussed strengthening their energy cooperation, given that Hungary already receives a large proportion of its gas via the TurkStream pipeline
- Budapest and Ankara will also be deepening their "strategic partnership", an announcement due to be made official during a visit by Erdogan scheduled for December
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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
UAE summons Israel envoy over ‘cowardly’ Qatar attack, condemns Netanyahu’s statements
The UAE, along with Bahrain, was the first Gulf country to normalize ties with Israel in 2020 and has been...
Geostrategy
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Trump says ‘very angry, pissed off’ with Putin over Ukraine
"If Russia and I are unable to make a deal on stopping the bloodshed in Ukraine, and if I think...
Geostrategy
Netanyahu offers Hamas leaders Gaza exit but demands group disarm amid strikes on the Palestinian territory
A senior Hamas official stated on Saturday that the group had approved a new ceasefire proposal put forward by mediators...
Geostrategy
Turkey opposition pushes for early polls as Swedish reporter jailed
Istanbul, Turkey -- The Turkish opposition on Sunday worked to keep up the momentum of the protest movement triggered by...
Geostrategy
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Geostrategy
First orbital rocket launched from Europe crashes seconds after blast-off
Oslo, Norway -- The first orbital rocket launched from continental Europe crashed seconds after blast-off Sunday, in a closely watched...
- Isar Aerospace, which had said it did not expect to reach orbit with the launch, said the two-stage rocket fell into the sea, adding that "the launch pad seems to be intact".
- The 28-metre (92-foot) tall, two-meter diameter rocket has a one-ton carrying capacity, but was unloaded for the test flight.
Economy
Morocco ‘water highway’ averts crisis in big cities but doubts over sustainability
Morocco is spending hundreds of millions of dollars on tapping northern rivers to supply water to parched cities farther south...
- Morocco has spent $728 million so far on what it dubs a "water highway" to redirect the surplus flow of the Sebou River to meet the drinking water needs of capital Rabat
- Officials say the project has been a success in heading off the immediate threat to the water supply of the country's most populous region
Business
‘Something is rotten’: Apple’s AI strategy faces doubts
New York, United States - Has Apple, the biggest company in the world, bungled its generative artificial intelligence strategy? Doubts...
- Doubts arose when tech analyst John Gruber criticized Apple in a blog titled "Something Is Rotten in the State of Cupertino."
- The analyst admitted frustration for not questioning Apple's Siri genAI upgrade announced last June