China Evergrande Group says to delist from Hong Kong
Hong Kong, China -- Embattled property giant China Evergrande Group said Tuesday it will delist from Hong Kong Stock Exchange...
Business
Most markets rise as China-US tariff truce extended, US inflation data in focus
In an executive order, the White House reiterated its position that there are "large and persistent annual US goods trade...
Economy
Arts & Culture
Israeli excavation may wipe out Jerusalem’s Mughrabi quarter
The only indication of the Western Wall plaza's North African heritage is a Moroccan flag, flying discreetly in a nearby...
- The Moroccan quarter was demolished by Israeli forces after they captured east Jerusalem in the 1967 Six-Day War.
- Some stone remains which were discovered during excavations, appeared to have been removed and the area was covered up once more.
Geostrategy
Iran’s President Ebrahim Raisi to visit China: state media
On his upcoming trip, Raisi is expected to hold private talks with Xi, and delegations from both countries are due...
- Iranian president will set out for Beijing on Monday evening in response to an official invitation by Chinese President Xi Jinping
- Ebrahim Raisi will also take part in meetings with Chinese businessmen and Iranians living in the country
Economy
In Turkey families race against time to identify quake victims
Monday's 7.8-magnitude tremor struck Kahramanmaras in the country's southeast, unleashing catastrophe in the region and Syria, killing at least 28,000...
- Families -- who cannot reach their loved ones during the rescue work -- check one by one bodies either in bags or wrapped in blankets.
- Turkish Health Minister said on Friday he hoped the missing bodies would be identified and said the government was doing everything it could
Economy
UN relief chief fears Turkey-Syria quake deaths to top 50,000
UN relief chief Martin Griffiths said the death toll from the massive earthquake will "double or more" from its current...
- Officials and medics said 24,617 people were killed in Turkey and 3,574 in Syria. The confirmed total now stands at 28,191
- Turkey's disaster agency said more than 32,000 people from Turkish organizations are working on search-and-rescue efforts
Geostrategy
Thousands protest in Israel against PM Netanyahu’s reforms
Opposing the controversial legal reforms being pushed by Prime Minister Benjamin Netanyahu's right-wing governemnt, thousands of Israeli protested in central...
- Netanyahu returned to power following elections in November, at the head of a coalition with extreme-right and ultra-Orthodox Jewish parties
- A Palestinian was shot dead on Saturday during a clash with Jewish settlers in the occupied West Bank, south of Nablus
UN urges ‘immediate ceasefire’ in Syria to help quake aid
The call came as rescue workers continued their search for survivors in the rubble of the 7.8 magnitude quake that...
- At the session, the council will hear from UN Under-Secretary-General for Humanitarian Affairs Martin Griffiths, who is to visit Turkey and Syria this weekend
- The rebel-held areas of Syria near Turkey's border are in a particularly dire situation since they cannot receive aid from government-held parts of Syria
Economy
UN estimates 5.3 million people in Syria homeless after quake
The earthquake is estimated to have made some 5.3 million people in Syria homeless, which rocked the region this week,...
- Nearly 23,000 people have died across Turkey and Syria because of the quake, one of the worst disasters to hit the region
- The quake killed more than 3,300 in Syria, according to health ministry figures and a rescue group
Economy
IEA calls special meeting as gas crisis ‘not over’
IEA Executive Director Fatih Birol said the measures taken following Russia's invasion of Ukraine helped European nations whether Russia cutting...
- The meeting, to be held on Wednesday by video conference, is the first such special IEA ministerial meeting recent history
- It will also include ministers from several non-IEA member nations and will look at the global repercussions of the cuts to European gas supplies
Oil rises as Russia cuts output after Western price cap
Brent, the international benchmark, and its US counterpart WTI, which had been down earlier in the day, jumped more than...
- Russia is part of a 23-nation alliance with the OPEC crude cartel that already agreed in October to reduce output by two million barrels per day until the end of this year
- An EU-wide ban on Russia oil products - like diesel, gasoline and jet fuel - came into effect Sunday alongside a Group of Seven (G7) price cap on the same items
Geostrategy
Children found alive as Turkey-Syria quake toll tops 22,000
In the Turkish city of Kahramanmaras, one of those hit hardest, the stench of death clung to the air. But...
- In the 105th hour, rescuers pulled 18-month-old Yusuf Huseyin from the debris in the southeastern city of Antakya.
- UN Secretary-General Antonio Guterres urged the Security Council to authorize the opening of new cross-border humanitarian aid points between Turkey and Syria.
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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
China Evergrande Group says to delist from Hong Kong
Hong Kong, China -- Embattled property giant China Evergrande Group said Tuesday it will delist from Hong Kong Stock Exchange...
Business
Company News
Latest News
UN, EU and US decry extremist Israeli minister’s prayer at Al-Aqsa
"We are against any efforts to change the status quo within the holy sites," said deputy spokesman Farhan Haq. "Al-Aqsa...
Geostrategy
Israel PM and defence minister clash over Gaza hostage deal
"When Gallant adopts the anti-Israel narrative, he harms the chances of reaching a hostage release deal," Netanyahu said, adding that...
Geostrategy
Fitch lowers Israel’s credit rating amid economic strain from Gaza conflict
San Francisco, United States - US credit rating agency Fitch downgraded Israel a notch on Monday, warning that its ongoing conflict...
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Geostrategy
OPEC says Chinese economy pulling down oil demand
Paris, France -- Uncertainty about Chinese economic growth is weighing on global oil demand this year, OPEC said on Monday, leading...
- "The world oil demand growth forecast for 2024 is revised down slightly by 135,00 barrels a day from the previous month’s assessment," OPEC said.
- OPEC blamed the declining prices on "concerns about China's economic performance" as well "as easing geopolitical risk premiums and mixed economic indicators."
Geostrategy
Calls for Gaza truce grow, Hamas wants Biden plan implemented
Biden had said the first phase of the proposed roadmap would include a "full and complete ceasefire" lasting six weeks,...
- The second phase would see the remaining living hostages released as the warring sides negotiate "a permanent end to hostilities", followed by "a major reconstruction plan for Gaza
- Israel has accepted the invitation from the United States, Qatar and Egypt to send negotiators for talks planned for Thursday.
Geostrategy
Yunus says Bangladesh is experiencing a ‘student-led revolution’
Hasina fled by helicopter as protesters flooded Dhaka's streets in a dramatic end to her long rule. Her government was...
- "This is a revolution, a student-led revolution," new interim leader Muhammad Yunus said
- Yunus, 84, arrived back in Bangladesh from Europe on Thursday