Stock markets strike records despite geopolitical unrest
Gains for oil prices were relatively modest, while gas futures were unmoved after Israel's strikes Tuesday against Hamas in gas-rich...
Business
Qatar says reserves right to respond to Israeli attack, even as Trump delivers rare reproach of Israel
Doha, a key US ally that hosts the largest American base in the region, has hosted Hamas' political bureau since...
Geostrategy
Israelis take to streets again to protest judicial overhaul
The reform package has split the nation and triggered one of the biggest protest movements in Israel's history since being...
- The government views the reform, which would give politicians more power over the courts, as a necessary step to curb overreach by unelected judges
- Parliament last month passed the first key component of the reform package, which limits judicial oversight of some government decisions
Geostrategy
Argentina to repay IMF using Qatari loan worth $775m
BUENOS AIRES, ARGENTINA- The Argentine government said it will use a loan from Qatar amounting to $775 million to make a...
- The credit operation would allow Qatar to lend Argentina Special Drawing Rights for the equivalent of $775 million
- The credit was negotiated by Argentine Economy Minister Sergio Massa with the Qatari economic team "in absolute secrecy."
Geostrategy
Lebanon’s minister backtracks on Kuwaiti aid comments
BEIRUT, LEBANON - A Lebanese minister on Saturday sought to clarify comments condemned by Kuwait over aid money to rebuild Beirut's...
- Lebanon's Economy Minister Amin Salaam said this week that he had sent a letter to Kuwait's emir in the name of the Lebanese people
- Mired in a grueling economic crisis since late 2019, cash-strapped Lebanon has been governed by a caretaker cabinet for more than a year
Economy
Interest rate raise ‘likely’ to curb inflation, says Fed official
A US central bank official said that more interest rate hikes "will likely be needed" to bring inflation down further,...
- Federal Reserve governor Michelle Bowman's prepared remarks to an event in Colorado also came after a mixed employment report.
- She would be seeking "consistent evidence" that inflation is on a meaningful path down toward the Fed's two percent target.
Geostrategy
Palestinians bury teenage killed by Israeli settlers in West Bank
In a statement, the Israeli army cited Palestinian reports and witnesses as saying clashes broke out between Palestinians and Israeli...
- Palestine ministry announced the death of Qusai Jamal Maatan, 19, saying he was "shot dead by settlers in the village of Burqa", east of Ramallah
- At the funeral procession, Maatan was wrapped in a black and white keffiyeh head covering and Palestinian flag as mourners carried his body
Geostrategy
Saudi makes Ukraine peace bid with Jeddah talks, Russia not invited
Russia invaded Ukraine on February 24, 2022, failing in its attempt to take Kyiv but seizing swathes of territory that...
- Invitations were sent to around 30 countries, Russia not among them, according to diplomats familiar with the preparations
- Jeddah initiative follows Ukraine-organized talks in Copenhagen in June that were designed to be informal and did not yield an official statement
Geostrategy
Protests mark Beirut blast anniversary as justice eludes victims’ families
Hundreds of protestors marched alongside victims' families demanding long-awaited justice as the country marked three years since one of history's...
- There is no headway in the probe three years on, leaving survivors still yearning for answers
- Many protestors carrying photograpsh of the victims shouted slogans: "We will not forget"
Geostrategy
Iran invites Kuwaiti minister for talks over disputed gas field
The dispute over the field -- known as Arash in Iran and Dorra in Kuwait and Saudi Arabia -- dates...
- The recoverable reserves of the field are estimated at some 220 billion cubic meters (seven trillion cubic feet).
- Iran and Kuwait have held unsuccessful talks for many years over their disputed maritime border area, rich in natural gas.
Geostrategy
Blazing heat spurs record energy consumption in Bahrain
Life in Bahrain largely moves indoors during the summer months, with the ever-present Arctic blast of air-conditioning systems.
- Manama's Electricity and Water Authority said the region "recorded its highest-ever electricity consumption rate" on Thursday at 3,798 megawatts
- Beating last year's record of 3,708 MW, the latest figure came as temperatures on Thursday reached 40 degrees Celsius (104 degrees Fahrenheit),
Eni, British Petroleum, Sonatrach say resuming operations in Libya
Crude oil is the main revenue source for Libya, which has been torn by more than a decade of stop-start...
- The NOC said in a press release it "received official notifications from the Italian company Eni and the British company British Petroleum regarding the lifting of force majeure
- NOC had also been notified by Algeria’s Sonatrach that "exploration and fulfilment of contractual obligations in blocks 065 and 96/95 in the Ghadames Basin" had resumed
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Stock markets strike records despite geopolitical unrest
Gains for oil prices were relatively modest, while gas futures were unmoved after Israel's strikes Tuesday against Hamas in gas-rich...
Business
Company News
Latest News
Explosions reported near two ships off Yemen
Geostrategy
BYD surpasses Tesla with record revenue
The Chinese EV giant's net profit was $5.55 billion for 2024.
Business
‘Love is in the air’: Woods confirms romance with Trump’s ex daughter-in-law
Los Angeles, United States - Tiger Woods took the unusual step of confirming his romance with Donald Trump's former daughter-in-law...
Arts & Culture
Trump pushes for Ukraine peace as US, Russian officials hold ceasefire talks in Saudi Arabia
US President Donald Trump is pushing for a rapid end to the three-year war and hopes talks in Riyadh could...
Geostrategy
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Geostrategy
Tens of thousands in France protest against racism and far-right
Tens of thousands of people in Paris and other French cities on Saturday rallied against racism and the rise of...
- The rallies took place amid the rightward shift in French politics, with the government pledging to tighten immigration policies and border controls
- In the runup to the rallies the LFI party caused an uproar in France by publishing the image of Cyril Hanouna, one of the most influential stars of right-wing media
Geostrategy
Israel conducts deadly strikes on Lebanon after ‘cross-border rocket fire’ denied by Hezbollah
Israeli defence chiefs said they held the Lebanese government responsible for all hostile fire from its territory regardless of who...
- Lebanon's official National News Agency reported one girl among two killed in an Israeli strike on the southern town of Touline
- The Israeli army said six rockets, three of which were intercepted, were fired from Lebanon into northern Israel
Geostrategy
Fatah urges Hamas to cede power to safeguard ‘Palestinians’ existence’
Gaza City, Palestinian Territories -- Palestinian president Mahmud Abbas's Fatah movement called on Hamas on Saturday to relinquish power in...
- "Hamas must show compassion for Gaza, its children, women and men," Fatah spokesman Monther al-Hayek said in a message sent to AFP from Gaza.
- Hamas seized power in Gaza in 2007 from the Fatah-dominated Palestinian Authority, and subsequent attempts at reconciliation have failed.