“Hell to pay”: Trump warns Hamas after Netanyahu talks, threatens Iran with fresh strikes
US President Donald Trump warned Iran of fresh strikes and said Hamas would have "hell to pay" if it fails...
Geostrategy
China says to launch digital currency action plan
Beijing, China -- China will on January 1 launch an "action plan" for boosting management and operations of its digital...
Economy
Geostrategy
Armenia and Azerbaijan commit to a lasting peace after decades of conflict at summit with Trump
The two former Soviet republics "are committing to stop all fighting forever, open up commerce, travel and diplomatic relations and...
- Armenian Prime Minister Nikol Pashinyan and Azerbaijan's longtime President Ilham Aliyev said Trump's mediation should earn him a Nobel Peace Prize
- The two former Soviet republics "are committing to stop all fighting forever, open up commerce, travel and diplomatic relations and respect each other's sovereignty."
Geostrategy
Putin-Trump summit to meet on Friday on Ukraine: what we know so far
On his Truth Social site on Friday, Trump announced that his meeting with Putin would be held in the far-north...
- Trump has spent his first months in office trying to broker peace but multiple rounds of peace talks, phone calls and diplomatic visits have failed to yield a breakthrough
- On his Truth Social site on Friday, Trump announced that his meeting with Putin would be held in the far-north US state of Alaska on August 15, later confirmed by the Kremlin
Business
OpenAI releases ChatGPT-5 as AI race accelerates
San Francisco, United States -- OpenAI released a keenly awaited new generation of its hallmark ChatGPT on Thursday, touting "significant" advancements...
- ChatGPT-5 is rolling out free to all users of the AI tool, which is used by nearly 700 million people weekly, OpenAI said in a briefing with journalists.
- Co-founder and chief executive Sam Altman touted this latest iteration as "clearly a model that is generally intelligent."
Economy
Average US tariffs now highest since 1910s: WTO and IMF
The figure, calculated by the two organizations, stands in contrast with the 2.4 percent rate in force at the time...
- A trade "truce" brought down sky-high tariff levels that the United States and China had imposed upon one another, but that is set to expire next week.
- The new figure by the WTO and IMF takes into account the trade deals the US negotiated with the EU, Japan, South Korea and other nations that have now come into force.
Geostrategy
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...
- China, Turkey, Britain and the UN's rights chief as well as numerous Arab governments issuing statements of concern.
- Israeli opposition leader Yair Lapid denounced the cabinet's move as "a disaster" that could result in "the death of the hostages.
Business
DEWA profit after tax $789m
It will pay $843m in H1 dividend.
- The first-half revenue of AED 14.6 billion ($3.97 bn), EBITDA of AED 7 billion, operating profit of AED 3.7 billion.
- DEWA’s total energy generation Including Energy import from IPPs soared to a high of 16.9 TWh.
Geostrategy
Netanyahu’s Gaza plan: Hamas accuses Israel PM of sacrificing hostages for personal interest
"Netanyahu's plans to escalate the aggression confirm beyond any doubt his desire to get rid of the captives and sacrifice...
- "Netanyahu's plans to escalate the aggression confirm beyond any doubt his desire to get rid of the captives and sacrifice them in pursuit of his personal interests. Hamas said
- The statement was issued as Netanyahu was convening his security cabinet to vote on an expansion of the military campaign in Gaza
Geostrategy
Trump to host Armenia, Azerbaijan for historic ‘Peace Signing’ Friday
US President Donald Trump announced he will host the leaders of Armenia and Azerbaijan on Friday for what he called...
- Armenian Prime Minister Nikol Pashinyan and President Ilham Aliyev of Azerbaijan "will join me at the White House for an official Peace Signing Ceremony," Trump said Thursday
- Baku and Yerevan, sworn enemies for decades, went to war twice over the disputed Karabakh region, which Azerbaijan recaptured from Armenian forces in a lightning 2023 offensive
Geostrategy
A day after Hezbollah’s rebuff, Lebanon cabinet meets again on the group’s disarmament
With Washington pressing Lebanon to take action on the matter, US envoy Tom Barrack has made several visits to Beirut...
- With Washington pressing Lebanon to take action on the matter, US envoy Tom Barrack has made several visits to Beirut in recent weeks
- Prime Minister Nawaf Salam said Tuesday that the government had tasked the military with developing a plan to restrict arms to state forces by the end of 2025.
Geostrategy
Turkey, Senegal discuss defence industry, security cooperation
Turkey's President Recep Tayyip Erdogan said he discussed defence and security cooperation with Senegal's visiting prime minister Ousmane Sonko on...
- "Today we discussed joint steps that we can take in the areas of security, the defence industry and the fight against terrorism," Erdogan told a televised press conference
- "We are pleased with the growing interest of our African brothers in Turkish defence products. We look forward to further strengthening our solidarity," he said.
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“Hell to pay”: Trump warns Hamas after Netanyahu talks, threatens Iran with fresh strikes
US President Donald Trump warned Iran of fresh strikes and said Hamas would have "hell to pay" if it fails...
Geostrategy
Company News
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At COP30, nations target the jet set with luxury flight tax
Rooted in the idea that a small elite of premium flyers should pay more for their outsized contribution to global...
Geostrategy
Kazakhstan to join Abraham Accords as Trump pushes Mideast peace
Washington, United States - Kazakhstan said Thursday it will join the Abraham Accords between Israel and mainly Muslim nations, in...
Geostrategy
Most Read
Economy
Qatari firm to invest $29.7 billion in Egypt coastal development
The project in the Alam al-Roum area, in Egypt's Matrouh Governorate, will span "4,900 acres... extending across a coastline of...
- Egypt, mired in its worst economic crisis in decades, is betting big on its 3,000 kilometres (1,800 miles) of coastline as a revenue source
- In 2024 the UAE said it would inject $35 billion in foreign direct investment into Egypt, including $24 billion that would go to developing the Ras al-Hikma area west of Alexandria
Geostrategy
Embracing heritage, Mamdani marks watershed for South Asian Americans
Washington, United States - In a victory speech capping his meteoric rise, New York's mayor-elect Zohran Mamdani quoted at length...
- As he left the stage to a cheering cross-section of the metropolis, the song on the speaker was not one of the many well-worn tunes about New York but the beats from Bollywood
- Mamdani, winning a mandate with a left-wing agenda focused on making New York more affordable, has made history as the first South Asian to lead America's largest city
Economy
World has ‘the tools’ to unlock $1.3 trillion in climate finance: COP30 report
The 81-page report was released by the heads of last year's COP29 conference in Azerbaijan and the upcoming COP30 gathering...
- The 81-page report was released by the heads of last year's COP29 conference in Azerbaijan and the upcoming COP30 gathering in Belem, Brazil
- "This Roadmap aims to contribute as catalyst and foundation for the next phase of climate action," COP29 president Mukhtar Babayev and COP30 head Andre Correa do Lago said