Oil prices rise ahead of US-Russia summit as stocks digest inflation data
New York, United States - Wall Street stocks finished little changed Thursday as markets absorbed a disappointing inflation report, while...
Economy
‘Putin has only one chance:’ Trump warns of make-or-break chance with Russian leader
Putin and Trump will meet Friday at an air base in the far-northern US state, the first time the Russian...
Geostrategy
Geostrategy
UN envoy to Libya to launch initiative for holding elections this year
Elections were originally scheduled for December 2021, but were postponed indefinitely because of differences over controversial candidates and rules on...
- Abdoulaye Bitali told the UN Security Council he would launch an initiative "aimed at enabling the organization and holding of presidential and legislative elections in 2023"
- The UN envoy is planning to establish a high-level steering panel which would be responsible for facilitating the legal framework and time-bound roadmap for elections
Economy
EU and Britain agree on Northern Ireland trade deal
Prime Minister Rishi Sunak and European Commission president Ursula von der Leyen adopted the deal at a meeting in Windsor,...
- The UK government under Boris Johnson had threatened a unilateral rewrite of the protocol unless the EU agreed to wholesale changes
- French President Emmanuel Macron lauded an "important decision" that will protect the European market
Business
Twitter cuts more staff
A media report said that company has laid off 10% of its workforce.
- The fresh round of layoffs included product managers, big data experts and engineers working on machine learning and platform reliability
- Since Musk took ownership of Twitter, the platform has been riven by chaos, with mass layoffs, and the major advertisers fleeing
Geostrategy
Palestinians reel from Israeli reprisals in West Bank
Dozens of Israeli settlers set homes and cars ablaze in the northern town of Huwara overnight Sunday, after a day...
- The surge in fire continued late Monday when a gunfire killed an American Israeli near Jericho
- Wageh Odeh, a member of the town council, said 30 house of Palestinians were burnt by Israeli settlers with more than 100 cars torched
Geostrategy
Algeria and Russia aim to boost military ties
The head of Algeria's army hosted Russia's top security official on Monday to discuss boosting their military ties, the defence...
- Moscow has for decades been a major supplier of arms to Algeria, which has one of Africa's most powerful armies
- Algeria, a major gas supplier to energy-hungry Europe, has maintained warm ties with both its European neighbours and Moscow
Geostrategy
Damaged buildings collapse after fresh quake in Turkey
Istanbul, Turkey - A 5.6 magnitude earthquake hit eastern Turkey on Monday, causing some buildings already damaged by a powerful tremor...
- The epicenter of the tremor was the Yesilyurt district in the Malatya province, which was hit by the February 6 earthquake.
- The local mayor, Mehmet Cinar, said he guided teams urgently to check whether there was anyone trapped under rubble.
Geostrategy
Israeli settlers torch Palestinian homes, cars in West Bank
Dozens of Israeli settlers set homes and cars ablaze in the northern town of Huwara overnight, after a day of...
- More than 350 Palestinians were injured, the majority suffering from tear gas inhalation, the Palestinian Red Crescent Society said.
- The Palestinian health ministry said 37-year-old Sameh Aqtash was shot dead during an attack on the nearby village of Zaatara.
Geostrategy
Egypt top diplomat visits Syria, Turkey for first time in decade
Egypt's Foreign Minister Sameh Shoukry, in a rare visit to Syria and Turkey, pledged solidarity with the people of the...
- The Egyptian minister is the third Arab foreign minister to meet the Syrian President since the February 6 quake.
- The Egyptian minister's visit to Turkey was the first in a decade of strained ties between Ankara and Cairo.
Geostrategy
‘Turkish drone kills 3 PKK-backed fighters in Iraq’
A Turkish drone attack in northern Iraq killed three fighters from the Yazidi community affiliated with the rebel Kurdistan Workers'...
- The three fighters were heading towards Sinjar, a stronghold of the Yazidis, at the time of the attack.
- Turkey has dozens of military facilities in northern Iraq for use in its war against the PKK.
Geostrategy
Turkey to hold NATO bid talks with Sweden, Finland in March
Turkey said on Monday that NATO accession talks with Sweden and Finland would be held next month, after being postponed...
- Previous two rounds of the tri-party NATO talks were attended by foreign ministry officials and focused on a specific list of Turkish demand
- Erdogan has dug in his heels heading into a close presidential election in which he is trying to energize his nationalist electoral base
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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
Oil prices rise ahead of US-Russia summit as stocks digest inflation data
New York, United States - Wall Street stocks finished little changed Thursday as markets absorbed a disappointing inflation report, while...
Economy
Company News
Latest News
Durov: Father of 100 children is a mysterious and controversial Telegram founder
Paris, France - Russian-born tech entrepreneur Pavel Durov has founded wildly popular social networks, cryptocurrencies, amassed a multi-billion-dollar fortune and locked...
Business
Yemen’s Houthis agree to temporary truce to secure stranded oil tanker
The vessel had departed from Iraq and was destined for a port near Athens, carrying 150,000 metric tons of crude...
Geostrategy
Investors hold breath as Nvidia earnings loom, stock markets subdued
Paris, France -- US shares fell marginally and European stock markets mostly inched higher Wednesday as investors cautiously awaited the latest...
Business
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Geostrategy
Turkey, Azerbaijan hope for ‘lasting peace’ in South Caucasus
Years of diplomacy between the Caucasus rivals Azerbaijan and Armenia had failed to reach a breakthrough, but negotiations have resumed...
- Top diplomats from Turkey and Azerbaijan held talks in the capital Ankara on several sticking issues including ongoing peace negotiations between Baku and Yerevan
- The Caucasus rivals fought two wars -- in the 1990s and in 2020 -- over control of Nagorno-Karabakh, which had been predominantly populated by ethnic Armenians
Iran former top diplomat Zarif returns to VP post
"After the follow-ups and consultations conducted by the president and with his written order, I will continue to exercise my...
- Pezeshkian named Zarif as his vice president for strategic affairs on August 1, but the former top diplomat resigned less than two weeks later
- Conservatives in Iran have criticised Pezeshkian for choosing Zarif, who became known for his vital role in negotiating the landmark 2015 nuclear deal
Geostrategy
UAE seeks consular services for arrested Telegram boss
"The UAE is closely following the case of its citizen Pavel Durov, founder of Telegram, who was arrested by the...
- He is accused of failing to curb the spread of illegal content on Telegram, which has more than 900 million users. The company has rejected the accusations.
- Durov set up Telegram after leaving Russia a decade ago, and Forbes magazine estimates his current fortune at $15.5 billion.