Gold futures hit record on US tariff shock; mixed day for stocks
Gold futures hit a record high Friday following reports of an unexpected tariff on the precious metal as global stocks...
Economy
Israel plans to ‘take control’ of Gaza City, sparking wave of criticism
European Council chief Antonio Costa warned "such a decision must have consequences" for EU-Israel ties, while Germany said it was...
Geostrategy
Economy
Economic slowdown will force workers into worse jobs: UN
The ILO said deficits in decent work had been worsened by multiple, overlapping crises, including Russia's war in Ukraine, emerging...
- As prices rise faster than incomes, the cost-of-living crisis risks pushing more people into poverty, the UN's International Labor Organization said
- ILO called for an investment surge in education and training, saying two-thirds of global youth labor force was "without a basic set of skills", which limited their job prospect
Geostrategy
Morocco fumes at comments to ‘free’ W.Sahara at Africa football cup
Cairo, Egypt--The Confederation of African Football (CAF) said Sunday it will investigate comments made at the African Nations Championship in Algeria...
- The two countries are locked in a bitter rivalry partly over Western Sahara, where the Algiers-backed Polisario movement seeks an independence referendum
- Morocco on Friday decided not to send its under-23 team to the CHAN tournament after Algeria refused to authorize a direct flight from Rabat
Economy
Most Asian markets rise on optimism
Inflation slows and China reopens to the world, give a boost to markets.
- China’s emergence from zero-Covid and pledges to boost key sectors are raising hopes for a strong rebound in 2023
- After last year's battering caused by surging prices and central bank interest rate hikes, there is a much calmer mood on trading floors
Economy
EU parliament chief to unveil reforms amid graft scandal
The parliament has been the focus of intense scrutiny since the scandal broke open a month ago with the arrest...
- Belgian prosecutors are investigating alleged graft in the European Parliament benefitting Qatar and Morocco
- Qatar has denied having any role in any wrongdoing in the case, Morocco says it is the target of unjustified "media attacks" over the allegations
Geostrategy
Palestinian govt condemns ‘execution’ of man at West Bank checkpoint
The man's son, Qusai Kahla, told AFP he was in the car with his father when they were stopped at...
- The Israeli military said soldiers shot someone after a "violent confrontation", during which the unnamed person "attempted to take hold of one of the soldiers' weapons".
- Kahla's death brings up to 13 the number of Palestinians killed in the territory so far this month, the majority shot by Israeli forces, according to an AFP tally.
Economy
Iraq’s currency in flux as foreign transfers come under scrutiny
While the official exchange rate has been fixed at 1,470 Iraqi dinars against the dollar, the currency was trading at...
- Hadi al-Ameri, a key figure in the pro-Iran former paramilitary Hashed al-Shaabi, has accused the United States of using the dollar "as a weapon to starve nations"
- The Iraqi central bank has described the currency fluctuation as a "temporary situation" and the authorities have taken measures seeking to stabilize the exchange rate
Economy
Aircraft with 72 passengers on board crashes in Nepal
The airline spokesperson said that 68 passengers were on board along with four crew members and that rescue is underway....
- Footage shared on social media showed flames on the ground and black smoke billowing into the sky
- Air traffic control lost contact with the twin-propeller Twin Otter shortly after it took off from Pokhara and headed for Jomsom, a popular trekking destination
Economy
Tourists return in droves to Jordan’s desert marvel Petra
Around 1,700 people make a living from Petra as tour guides, trinket sellers or by taking visitors through the site...
- Jordan received 4.6 million visitors in 2022 -- almost four times the level from 2020 -- earning the country $5.3 billion
- The recovery in tourism industry was helped by official promotional campaigns in new overseas markets, low-cost airline flights and new hotel rooms
Geostrategy
Israelis protest against Netanyahu ‘government of shame’
Braving rain, tens of thousands of people protested in Tel Aviv against Prime Minister Benjamin Netanyahu's new right-wing government, which...
- Protesters braved the rain for the rally, brandishing signs with slogans decrying a "government of shame" and urging: "bring down the dictator"
- Netanyahu's return to power ended an unprecedented period of political gridlock that forced five elections in less than four years and deepened social divisions
Geostrategy
Turkey looks to launch ground operations in Syria
Despite a Russian intervention to cool down tensions between Damascus and Ankara, a new Turkish ground offensive in Syria is...
- Turkey has military bases in northern Syria and also backs some local militias fighting against the regime
- Erdogan, who called Assad a "terrorist" in 2017, has opened up to the idea of meeting the Syrian leader
Most Read
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
Gold futures hit record on US tariff shock; mixed day for stocks
Gold futures hit a record high Friday following reports of an unexpected tariff on the precious metal as global stocks...
Economy
Company News
Latest News
Al-Hada and Muhammadya Al-Shafa in Taif: A tapestry of tourism, nature
Taif, Saudi Arabia - Taif and its serene towering mountains, nestled deep within the majestic Sarawat Mountains, serve as a...
European Union imposes fresh sanctions on ‘extremist’ Israeli settlers
Brussels, Belgium -- The European Union on Monday announced sanctions on five Israelis -- including those termed "extremist settlers" -- and...
Geostrategy
Hamas says pulling out of Gaza truce talks, as Israel keeps up strikes
A Hamas official said Sunday that the Palestinian group was withdrawing from Gaza truce talks, as Israeli bombardments hit a...
Geostrategy
Most Read
Donald Trump wounded at rally shooting, Biden leads condemnation
US President Joe Biden led the condemnation after his election rival Donald Trump was wounded in an apparent assassination attempt...
- Political leaders on both sides of the aisle slammed the attack minutes after the Republican candidate was rushed off stage by the Secret Service with blood running down his face
- "The idea that there's political violence, or violence in America like this, is just unheard of. It's just not appropriate. Everybody, everybody must condemn it," Biden said
Geostrategy
Battles rock Gaza City after mass evacuation order
US President Joe Biden said that US diplomats were making "progress" with international mediators towards a ceasefire and stressed that...
- A major focus of recent battles and mass displacement has been the biggest urban area, Gaza City
- Israel's military said it was also fighting in the Rafah area
Economy
Riyadh’s “Global Sports Tower” designs approved
Led by His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, the initiative's purpose is to elevate the...
- Standing at 130 meters, the tower will feature over 30 sports facilities
- Designed with a blend of traditional and modern Salmani architecture, it promises to be a distinctive addition to Riyadh's skyline