Netanyahu says new Gaza plan ‘best way to end the war’ as criticism intensifies
UN says 'if these plans are implemented, they will likely trigger another calamity in Gaza, reverberating across the region and...
Geostrategy
Saudi Falcons Club launches interactive pavilion for young enthusiasts
Riyadh, Saudi Arabia -- The Saudi Falcons Club has dedicated an interactive pavilion titled "Falconer of the Future" as part...
Arts & Culture
Geostrategy
Lebanese lawmakers sit-in inside parliament enters second week
Beirut, Lebanon--Two Lebanese lawmakers on Friday entered the second week of a sit-in inside the crisis-hit country's parliamentary chamber, vowing to...
- The country has been without a head of state since Michel Aoun's mandate expired last year, with a caretaker cabinet overseeing the responsibilities of government
- Its judicial battle adds to a crushing economic crisis that has plunged much of Lebanon's population into poverty
Economy
Key US inflation gauge slows in December while spending falls
The tightening measures are showing effect, with the Fed's preferred inflation gauge, the personal consumption expenditures (PCE) price index rising...
- The Federal Reserve has hiked the benchmark lending rate seven times last year, with an aim to ease demand as inflation surged
- The indicator ticked up 0.1 percent from November to December, as prices for goods decreased 0.7 percent and energy costs dropped 5.1 percent, said the report
Business
India’s Adani Group stocks loses US$45bn over fraud claims
Continuing with this week's losses to $45 billion after a US investment firm claimed it had committed "brazen" corporate fraud,...
- Adani Enterprises plunged nearly 20 percent over the day's trade in Mumbai, briefly triggering an automatic trading halt, before recovering slightly
- Adani -- who now has an estimated fortune of $96.6 billion -- is considered a close supporter of Prime Minister Narendra Modi
Geostrategy
Europe extends sanctions against Russia for six more months
They have been routinely extended for six-month periods over the past eight years. The EU has imposed nine rounds of...
- The sanctions, originally imposed when Moscow annexed Crimea from Ukraine in 2014, were significantly ramped up after the start of the all-out invasion in February.
- The measures have included hitting Russia's key oil exports, cutting off its banks from the SWIFT global payment system, and targeting President Vladimir Putin personally.
Geostrategy
Emergency phase of Covid not over as 170,000 die in two months
In terms of monitoring how the virus is evolving, surveillance and genetic sequencing has dropped sharply, making it harder to...
- WHO emergency panel's 14th meeting on the crisis comes nearly three years to the day since it first sounded the WHO's highest emergency alarm.
- Last time the committee met in October it concluded that the pandemic still constitutes a public health emergency of international concern-- the WHO's highest level of alert.
Arts & Culture
Joseph the Blind heals Turkey’s troubled city
The shop has kept the nickname of its founder, whose descendants moved to Istanbul in 1950, ceding the shop to...
- The shop "Joseph the Blind" established in 1891 has kept the nickname of its founder, a Chaldean Catholic of the Syriac rite.
- The first store was destroyed in 1977, said the herbalist Suleyman Onur.
Business
Russia exit, soaring costs hit H&M
The company reported a big drop in profits in 2022.
- H&M was also set back by a historically strong dollar and increases in the costs of freight and raw materials
- The group posted a 68 percent drop in net profit in 2022 to almost 3.6 billion Swedish kronor ($346 million)
LVMH sales, profit reach new highs
LVMH is headed by French billionaire Bernard Arnault.
- LVMH sales have soared 23 percent to 79 billion euros ($86 billion) and net profit jumped 17 percent to 14 billion euros for 2022
- The LVMH is Europe's most valuable company, with a market capitalization that soared to 400 billion euros ($430 billion) last week
EU mission to Armenia will fuel confrontation, says Russia
The mission has been launched during what Armenia describes as a "humanitarian crisis" ravaging the breakaway region of Nagorno-Karabakh. Since...
- Moscow has sought to maintain its role as a powerbroker between the ex-Soviet republics despite being bogged down in its offensive in Ukraine
- On Monday, the EU launched a civilian mission to help monitor Armenia's border with Azerbaijan, bolstering the bloc's role in a region
Egypt, India launch ‘strategic partnership’ to boost trade
The two leaders agreed to increase Indian investments in Egypt, which currently stand at "over $3.15 billion" according to their...
- India is Egypt's seventh-largest trading partner, according to Cairo's central bank's data, with a joint statement touting record high of $7.26 billion during the last fiscal year
- Modi hosted Sisi on Thursday as "guest of honor" for a Republic Day ceremony, marking the anniversary of the adoption of India's post-independence constitution
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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
Netanyahu says new Gaza plan ‘best way to end the war’ as criticism intensifies
UN says 'if these plans are implemented, they will likely trigger another calamity in Gaza, reverberating across the region and...
Geostrategy
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Gaza official says 300 killed in Khan Yunis as army ends assault
"Since the beginning of the Israeli ground invasion of the eastern part of Khan Yunis province, the civil defence and...
Geostrategy
Israel army says 9 soldiers held over suspected abuse of detainee
The Israeli military said Monday nine soldiers were being held in a case of suspected abuse of a Palestinian detainee...
Geostrategy
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Geostrategy
Lufthansa, Air France halt Beirut flights as Israel tensions rise
Beirut, Lebanon -- Air France and the German airline group Lufthansa said Monday they were suspending flights to Beirut after Israel...
- Lufthansa services would be halted up to and including August 5 due to "current developments in the Middle East", a group spokesman told AFP.
- Royal Jordanian also announced the suspension of flights, with at least two of its regular trips to Beirut cancelled.
Jordan’s Umm al-Jimal added to UNESCO heritage list
Amman, Jordan - Jordan's Umm al-Jimal village has been added to UNESCO's World Heritage List, in a move hailed on Sunday...
- The village is near the Jordanian-Syrian border, 86 kilometres north of Amman, and is known as "the black oasis" due to the prevalence of black volcanic rock in the area
- The village was first settled by the Nabataean peoples in the first century AD and later occupied by the Romans, becoming an important agricultural and commercial village
Geostrategy
Iran’s Khamenei formally grants Pezeshkian presidential powers
In a message read by the director of Khamenei's office, he said: "I endorse the vote (for) the wise, honest,...
- The endorsement ceremony was held in the capital Tehran in the presence of senior Iranian officials and foreign diplomats, and broadcast on state TV
- Following the event, acting president Mohammad Mokhber handed over official responsibilities to 69-year-old Pezeshkian