Drone attack from Yemen injures man at Israeli airport: army, medics
A drone launched from Yemen injured a man when it fell on Ramon airport in southern Israel on Sunday, Israel's...
Geostrategy
Key OPEC+ members to boost oil production again
Oil ministers in the V8 grouping -- comprising Saudi Arabia, Russia, Iraq, the United Arab Emirates, Kuwait, Kazakhstan, Algeria and...
Geostrategy
Turkey unblocks Sweden NATO bid, setting stage for summit
Turkish President Recep Tayyip Erdogan's block on Sweden's membership bid had cast a cloud over preparations for Tuesday's meeting, but...
- Erdogan on Monday upped the stakes, demanding that the European Union revive Turkey's stalled EU membership bid as a precondition for Sweden joining NATO
- In a statement after the three-way talks between Erdogan, Kristersson and Stoltenberg, Sweden vowed to boost bilateral trade and anti-terrorism coordination
Geostrategy
Israel parliament adopts key clause of controversial judicial overhaul
Tel Aviv, Israel - Israel's parliament adopted in a first reading a controversial bill that would limit court powers, in...
- The changes, proposed by the hard-right government of Prime Minister Benjamin Netanyahu, have sparked one of the country's biggest ever protest movements
- Tens of thousands of demonstrators have taken to the streets in weekly rallies, demanding a halt to the planned overhaul of Israel's justice system
Business
Britain’s biggest water supplier Thames Water wins financial rescue
Thames Water, which supplies 15 million homes and businesses in London and elsewhere in southern England, has debts of almost...
- The company, reported to have been at risk of renationalization ahead of the latest news, said shareholders agreed to provide further funding worth £750 million ($960 million).
- However, it falls short of the £1 billion it sought on top of £500 million secured from shareholders in March.
Geostrategy
‘Turkiye should not link joining EU to Sweden’s NATO entry’
The United States supports Turkey's bid to enter the European Union but does not believe Ankara should link that to...
- Erdogan held talks with NATO Secretary General Jens Stoltenberg and Swedish PM Ulf Kristersson in Vilnius in a push to get Ankara to lift its year-long block on Stockholm.
- Diplomats said that meeting was then put on hold while Erdogan sat down with European Council head Michel.
Business
Algeria firm sign $740m contract with TotalEnergies
Algiers, Algeria - Algeria's state oil company Sonatrach said on Sunday it had signed contracts to boost gas production under an...
- The companies will increase output from two Sahara desert fields in southeastern Algeria, for export to France and elsewhere in Europe
- They also signed "a memorandum of understanding in the field of energy transition and renewable energies", it added
Egypt annual inflation surges to record 36.8 percent in June
The Egyptian pound has lost half its value against the dollar since early last year, shooting prices upward and adding...
- The previous record of 34.2 percent in July 2017 came, as it does now, following a sharp currency devaluation connected to a bailout loan from the International Monetary Fund
- Official data had shown skyrocketing inflation appearing to ease in the past few months, before food and drink prices alone registered a 64.9 percent increase compared to June 2022
UN warns Sudan faces ‘full-scale civil war’ as air raid kills 22
The health ministry reported "22 dead and a large number of wounded among the civilians" from what it described as...
- Around 3,000 people have been killed in the conflict, while survivors have reported a wave of sexual violence and witnesses have spoken of ethnically targeted killings
- Egypt, a close ally of Burhan's, said it will host a summit of Sudan's neighbours on Thursday to seek an end to the conflict and its regional "repercussions"
Twitter rival Threads signs up 100 million users in five days
Threads went live on Apple and Android app stores in 100 countries late on Wednesday, though it is not available...
- Threads is finding it easier to grow at the necessary scale to dethrone Twitter because it is linked to Instagram, which has more than one billion regular users
- Musk has threatened to sue Meta for stealing trade secrets and intellectual property, claims denied by the company, which also owns Facebook and WhatsApp
Swedish PM to meet Erdogan in a last-gasp attempt to get NATO membership
Erdogan has voiced repeated frustrations with what he calls Sweden's failure to keep its promise to deal with suspected Kurdish...
- The high-stakes talks on the eve of an alliance summit in Vilnius come with NATO keen to demonstrate unity in the face of Russian Invasion
- NATO and the White House both fear the Kremlin is trying to use its strong ties with Turkey to seed divisions among Western allies
HRW says TotalEnergies oil project ‘a disaster’ for Ugandans
TotalEnergies and the China National Offshore Oil Corporation signed a $10-billion agreement last year to develop Ugandan oilfields and ship...
- TotalEnergies says those displaced by the project have been fairly compensated for their land, while measures have been taken to protect the environment
- HRW says the mega-project will irreparably harm fragile ecosystems, and alleges that some of the 100,000 people are expected to be displaced
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Drone attack from Yemen injures man at Israeli airport: army, medics
A drone launched from Yemen injured a man when it fell on Ramon airport in southern Israel on Sunday, Israel's...
Geostrategy
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Trump eyes summit with Xi-Putin, shaking up world order, Macron warns against ‘capitulation’
US president's remarks on Russia and China mark a seismic shift after more than a decade of US policy which...
Geostrategy
Stocks mostly rise, oil falls as Trump fans Ukraine peace hopes
London, United Kingdom -- Major stock markets mostly rallied and oil prices retreated Thursday on hopes for an end to the...
Business
Second edition of Saudi art biennale seeks to modernize Islamic tradition
Jeddah, Saudi Arabia - Under a vast canopy of tents in the Saudi city of Jeddah, religious artefacts are on display...
Arts & Culture
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Business
UAE to launch DeepSeek-inspired AI models: Faisal Al Bannai
Dubai, United Arab Emirates -- The United Arab Emirates is planning to launch new artificial intelligence models inspired by China's DeepSeek,...
- The UAE is betting big on the transformational technology as part of its push to diversify its economy away from fossil fuels.
- The UAE launched Falcon in 2023, a large language model that compared favorably with industry leaders including OpenAI's ChatGPT.
Geostrategy
At least $53 billion needed to rebuild Gaza, UN estimates
United Nations, United States - More than $53 billion will be required to rebuild Gaza and end the "humanitarian catastrophe" that...
- The global body said in a report that a "political and security framework" must also be put in place so that recovery and rebuilding can begin
- Much of Gaza -- including schools, hospitals and other civic infrastructure -- has been reduced to rubble by a withering Israeli military offensive
Geostrategy
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...
- The foreign ministry said Egypt "hopes to cooperate" with Trump's administration on the matter, with the goal of "reaching a fair settlement of the Palestinian cause"
- It said its plan would provide for the reconstruction of Gaza "in a clear and decisive manner that ensures the Palestinian people stay on their land