Israel seeks full control of Gaza, won’t keep or govern it: Netanyahu
"We want to hand it over to Arab forces that will govern it properly without threatening us and giving Gazans...
Geostrategy
World Cup host Morocco under pressure to save stray dogs
Tangiers, Morocco - Animal welfare groups have accused Morocco of culling stray dogs as it prepares to host football's 2030...
Economy
Economy
Abu Dhabi to host Green Hydrogen Summit in year of climate action for UAE
The summit is being held in partnership with the Hydrogen Council, Atlantic Council, International Renewable Energy Agency and Dii Desert...
- The summit is being held in partnership with the Hydrogen Council, Atlantic Council, International Renewable Energy Agency and Dii Desert Energy
- The summit will feature high-level discussions on the UAE hydrogen economy, the role of government and regulation, and panel sessions on sustainable finance
Economy
Iraq says former official returned fraction of stolen US$2.5BN
The government of Prime Minister Mohammed Shia al-Sudani took over from Kadhemi in October and has made regular announcements about...
- The anti-corruption agency identified the suspect who returned the funds as Haitham al-Juburi, who is in detention and a former adviser to ex PM Mustafa al-Kadhemi
- According to a document of tax authority, $2.5 billion was allegedly expropriated between September 2021 and August last year through 247 cheques cashed by five enterprises
Economy
Egyptians fret over soaring food prices as economy slows down
Cairo, Egypt--Public anger has been growing for months in Egypt over a severe dollar crunch and soaring food prices. But for...
- Egypt's economy was hit hard after Russia's invasion of Ukraine last February unsettled global investors and led them to pull billions out of the North African country
- The country's economy has long been dominated by powerful state and military-led enterprises
Tunisia unveils economic plan betting heavily on private investment
Tunisian authorities are hoping to secure a nearly $2-billion bailout from the International Monetary Fund they hope will unlock other...
- The cash-strapped North African country is battling 10 percent inflation alongside slow growth
- The 2023-2025 plan "puts forward a new model of development" to reset Tunisia's economy and battle poverty
Geostrategy
Iran vows revenge three years after killing of Soleimani by US
President Ebrahim Raisi of Iran has vowed to avenge the killing of a top Iranian general three years ago in...
- He was one of the country's most popular public figures, who spearheaded Iran's Middle East operations and was seen as a hero of the 1980-88 Iran-Iraq war
- The Pentagon said at the time that Soleimani had been "actively developing plans to attack American diplomats and service members in Iraq and throughout the region
Arts & Culture
Tearful Brazil bids farewell to its favorite son Pele
President Luiz Inacio Lula da Silva led the tributes as Brazil said its final farewell to football legend Pele, widely...
- Born Edson Arantes do Nascimento, Pele exploded onto the scene at age 15, when he made his professional debut with Santos.
- He went on to win the World Cup three times with Brazil, in 1958, 1962 and 1970 - the only player in history to achieve the feat
Geostrategy
Mideast powers condemn Israel minister’s visit to Al-Aqsa compound
The UAE, which launched diplomatic ties with Israel in 2020, "strongly condemned the storming of Al-Aqsa Mosque courtyard by an...
- Ben-Gvir's visit comes days after he took office as national security minister, with powers over the police, giving his decision to enter the sensitive site considerable weight.
- Ben-Gvir has advocated for Arab-Israelis deemed disloyal to the state to be expelled and for the annexation of the occupied West Bank.
Economy
Iraq’s oil revenues in 2022 hit four-year high of $115 billion
These revenues follow a spike in prices following Russia's invasion of Ukraine in February 2022, and OPEC producers' subsequent reluctance...
- Oil production accounts for some 90 percent of Baghdad's income, and the country is the second largest producer within the Organization of the Petroleum Exporting Countries (OPEC).
- The country exported more than 1.2 billion barrels in 2022, averaging 3.3 million barrels per day, according to the statement.
Geostrategy
From F1 to CR7, Saudi Arabia’s sports shopping spree
Al Nassr's surprise capture of football superstar Cristiano Ronaldo is the latest in a string of high-profile sports acquisitions by...
- The 2029 Asian Winter Games will be held at NEOM, an under-construction $500 billion megacity that is planning a year-round winter sports complex.
- Saudi money has created a schism in the golf world with the heavily funded LIV Tour, which has lured some top players.
Turkey’s inflation rate slows sharply to 64.3%
Analysts attribute the sharp slowdown to the so-called base effect, which makes year-on-year price increases look smaller when compared to...
- Consumer prices rose by 64.3 percent in December compared to an 84.4-percent year-on-year increase in November
- Turkey's economy has been going through convulsions since Erdogan tried to fight inflation by bringing down borrowing costs
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
Israel seeks full control of Gaza, won’t keep or govern it: Netanyahu
"We want to hand it over to Arab forces that will govern it properly without threatening us and giving Gazans...
Geostrategy
Company News
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Israel will not allow ‘winds of defeatism’ in Hamas war: Netanyahu
After a visit to troops on Monday, he said: "I saw very considerable achievements in the fighting being carried in...
Geostrategy
80 percent of Gazans now displaced: UN humanitarian coordinator
United Nations, United States --The UN humanitarian coordinator for Gaza said Tuesday that 1.9 million people -- 80 percent of the...
Geostrategy
Most Read
Geostrategy
Israel strikes southern Gaza after ordering evacuations
Other parts of the Gaza Strip were reeling from continued fighting nearly nine months into the devastating conflict. Witnesses and...
- Witnesses reported multiple strikes in and around the city of Khan Yunis, where eight people were killed and more than 30 were wounded
- The bombardment came after a rare rocket barrage claimed by the group Islamic Jihad, which has fought alongside Hamas
Business
UAE in top 10 global trending destinations: Travel Trends 2024
Dubai, UAE -- The Mastercard Economics Institute has revealed in its latest Travel Trends 2024 report a major shift in the...
- For UAE travelers, the top three trending destinations for this summer are London, Athens and Paris.
- Globally, Japan tops the trending destinations list for the past year with Munich ranking as the top trending destination for this summer (June-August 2024).
Geostrategy
Israel issues new Gaza evacuation orders, many Palestinians flee
Hundreds of thousands had already left Rafah ahead of and during a ground offensive launched by Israeli troops on the...
- The attack was claimed by the armed wing of the Palestinian group Islamic Jihad. Israel had already staged air strikes in Rafah on Monday.
- "Fear and extreme anxiety have gripped people after the evacuation order," said Bani Suhaila resident Ahmad Najjar. "There is a large displacement of residents."