Dubai police retrieve stolen diamond worth $25 million
Dubai, United Arab Emirates -- Dubai police said on Monday they caught three thieves just hours after they stole a...
Geostrategy
Israel says targeted Huthi energy site in Yemen
Israel said Sunday it targeted an energy infrastructure site in Yemen's capital Sanaa, linked to the Iran-backed Huthi rebels behind...
Geostrategy
Business
European banking sector is resilient, says ECB
FRANKFURT, GERMANY - The European financial system is "resilient" and has sufficient liquidity, the European Central Bank said Monday, as banking...
- Switzerland announced that UBS would buy Credit Suisse for $3.25 billion, in a bid to prevent economic turmoil from spreading.
- ECB, European Banking Authority, EU's Single Resolution Board said they welcome the actions of the Swiss authorities to ensure financial stability.
Geostrategy
Iraq PM to hold talks with Turkey on water, Kurd rebels
BAGHDAD, IRAQ - Iraqi Prime Minister Mohamed Shia al-Sudani will visit Turkey on Tuesday for talks including on scarce water resources...
- The rivers Tigris and the Euphrates both have their sources in Turkey and Baghdad has long accused Ankara of withholding water in dams.
- As per official Iraqi statistics from last year, the level of the Tigris entering Iraq has dropped to 35 percent of its average over the past century.
Economy
US banking regulator sells Signature Bank assets to another lender
Signature Bank was seized by the Federal Deposit Insurance Corporation (FDIC) a week ago after it imploded in the wake...
- Flagstar Bank, a subsidiary of New York Community Bancorp, will take over all the deposits and some loan portfolios of Signature Bank, the regulator said in a statement
- The collapse of SVB, Signature Bank and fellow regional lender Silvergate has sparked fears of contagion across the industry as worried customers withdraw their cash
Geostrategy
China urges ICC to respect immunity for heads of state after Putin warrant
China has urged the International Criminal Court to respect immunity for heads of state and to avoid what it called...
- Chinese foreign ministry spokesperson Wang Wenbin exhorted the court to "avoid politicisation and double standards"
- Xi Jinping arrived in Moscow on Monday to hold talks with Putin and sign an accord before heading back to Beijing
Economy
Kuwait Oil Company declares ‘state of emergency’ after oil spill on land
Teams have been dispatched to determine the source of the leak and contain the incident, Al-Amer said, declining to give...
- The emergency followed an "oil leak in the west of the country", the state-owned company said in a statement
- Kuwait is a major oil-producing country where nearly 90 percent of government revenues come from oil
Business
Credit Suisse buyout: Saudi National Bank fears no impact
The Saudi bank said its statement came "in light of the recent market announcement with regards to Credit Suisse", without...
- Credit Suisse announced on Sunday that UBS would take it over for "a merger consideration of three billion Swiss francs," or about $3.24 billion
- After slumping on the stock market last week, Credit Suisse's share price closed Friday at 1.86 Swiss francs, with the bank worth just over $8.7 billion
Geostrategy
Japan PM arrives in India to widen trade, technology ties
New Delhi, India--Japanese Prime Minister Fumio Kishida arrived in India on Monday for talks expected to focus on deepening trade and...
- Japan PM's visit comes in the wake of Australian PM's trip to India, which also saw talks centering around China and trade
- India and Japan are expected to announce initiatives on clean energy, digital trade and infrastructure
Geostrategy
Putin visits Mariupol in occupied Ukraine territory, his first visit invasion
Just hours after Putin visited Crimea to mark the ninth anniversary of the peninsula's annexation, video distributed by the Kremlin...
- The visit triggered an angry reaction from Ukraine, with a presidential aide blasting its "cynicism" and "lack of remorse."
- Kremlin spokesman Dmitry Peskov told reporters the visit took place "very late" on Saturday and into the early hours of Sunday
Geostrategy
West Bank shooting injures Israeli as talks in Egypt seek ‘calm’
The attack in Huwara came three weeks after the fatal shooting of two Israeli settlers, also in the same occupied...
- Officials from Egypt, Jordan and US attended the "extensive discussions on ways to de-escalate tensions between the Palestinians and Israelis" in Sharm al-Sheikh
- Sunday's talks took place as "a terrorist opened fire toward an Israeli vehicle" at a junction in Huwara town, who was later arrested, the Israeli army said in a statement
Economy
Egypt’s president meets Russian envoy in Cairo in sign of closer ties
Renewing their commitment to "continuing to strengthen bilateral relations", Egyptian President Abdel Fattah al-Sisi met with a senior Russian delegation...
- The Russian delegation's visit came two days after the Hague-based International Criminal Court announced an arrest warrant for Putin on the war crimes
- Before the outbreak of war, which has entered its second year, 85 percent of Egypt's wheat imports were sourced from both Russia and Ukraine
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Dubai police retrieve stolen diamond worth $25 million
Dubai, United Arab Emirates -- Dubai police said on Monday they caught three thieves just hours after they stole a...
Geostrategy
Company News
Latest News
Biden’s United States powerless as Israel pounds Lebanon
US President Joe Biden's top priorities for the past 11 months has been to prevent the Gaza war from spiraling...
Geostrategy
Iran’s president calls Israel warmonger as he seeks talks with West
Iran's President Masoud Pezeshkian has accused Israel of seeking regional war, as he attempted to cast Tehran as restrained and...
Lebanon Under Attack: Israel murders 35 kids, death toll rises to 492 including 58 women
Lebanese Health Minister Firass Abiad said the death toll in Israeli strikes Monday rose to 492, including 35 children, the...
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Geostrategy
Israel army tells Lebanese to ‘move away’ from Hezbollah sites
The Israeli military on Monday told people in Lebanon to move away from Hezbollah targets and vowed to carry out...
- Israel and Hezbollah threatened on Sunday to escalate their cross-border attacks
- Hezbollah deputy chief Naim Qassem said the group was in a "new phase" in its battle against Israel
Iran arrests 12 accused of collaborating with Israel
Iranian authorities have announced the arrest of 12 people accused of "collaborating" with the country's arch-foe Israel, local media reported...
- Revolutionary Guards "arrested 12 collaborators with the Zionist regime (Israel) in six provinces" of the Islamic Republic
- Iran has enhanced efforts to build relations with its Arab neighbors by holding talks with Arab leaders at the United Nations
Egypt fears ‘all out’ regional war, says foreign minister
Egypt's foreign minister Sunday warned of the risk of an all-out regional war in light of intensified fighting between Israel...
- World powers on Sunday implored Israel and Lebanon's Hezbollah movement to refrain from escalating their conflict
- "There is great concern about... the possibility of an escalation in the region leading to an all-out regional war," says Egyptian FM