‘Projectile’ fired at Israel from Yemen: Israeli military
Jerusalem, Undefined - A "projectile" fired towards Israel from Yemen was intercepted, but not before air-raid warnings sounded across the...
Geostrategy
Netanyahu to brief army on Gaza war plan ahead of UN meet on hostages
His statement came after hundreds of retired Israeli security chiefs wrote to US President Donald Trump to urge him to...
Geostrategy
Economy
US industrial output decreases in November
Industrial production in the US slumped in November with "broad based" decreases, the Federal Reserve said, as output for bigger-ticket...
- The Fed has raised its benchmark lending rate seven times this year in an effort to cool the world's biggest economy.
- Total output dropped 0.2 percent in November, with the first decline in months defying analysts' expectations of an uptick, according to Fed data.
Geostrategy
Iran assails US after removal from UN rights body
Hundreds of people have been killed and thousands arrested in the street violence over Mahsa Amini's d, leading to international...
- The head of Iran's high council for human rights said the motive of US for supporting the resolution was to protect its own interests
- Iran said on December 3 that more than 200 people had been killed in the unrest, including security personnel
Geostrategy
Tunisia awaits languid election for powerless parliament
Over a decade since the country's revolution that unseated dictator Zine El Abidine Ben Ali, opposition parties have urged a...
- The previous legislature had far-reaching powers, in the mixed presidential-parliamentary system enshrined in the North African country's post-revolt constitution
- In July this year, Saied used a widely shunned referendum to push through a new constitution, stripping parliament of any real clout and giving his own office unlimited powers
Economy
EU leaders meeting in Brussels to focus on trade dispute with US
The EU summit was to also examine the situation, and consequences in Europe, of Russia's war in Ukraine, which European...
- Brussels views the "Buy American" condition for purchasers of electric vehicles mainly made in the United States as discriminatory against European car manufacturers
- EU chief said the e-vehicle subsidies contained in a broader US Inflation Reduction Act "risk un-levelling the playing field and discriminating against European companies
Geostrategy
Hamas threatens to end prisoner exchange talks with Israel
Hamas chief said indirect negotiations over a prisoner exchange were "interrupted because of the elections" in Israel. (AFP)
- Earlier this year Hamas published a video of an Israeli civilian detained for seven years in Palestine
- Israel has imposed a crippling blockade on Gaza since 2007, when Hamas took power in the enclave
Business
Twitter suspends account tracking Elon Musk’s plane
The account was in action briefly later in the day, after Twitter sent out word that it updated its policy...
- The account was in action briefly later in the day, after Twitter sent out word that it updated its policy to prohibit tweets
- Tweets sharing a person's location that are "not same-day" are allowed under the tweaked policy
Economy
Recession in Germany to be lower than predicted, says Ifo Institute
Ifo's positive outlook came a day after a closely watched survey showed German investor confidence rising again in December.
- Economic output growth is expected to shrink by 0.1 percent in 2023, the Munich-based Ifo Institute said
- Inflation in Germany is expected to slide from 7.8 percent in 2022 to 6.4 percent in 2023.
Business
Europe united in dispute with US over green subsidies: Chancellor Scholz
Several EU leaders including Macron have said the US subsidies are enticing European companies to relocate to the United States.
- He added that EU partners had "long hoped for" decisive US steps to address climate change.
- Washington's landmark Inflation Reduction Act contains around $370 billion in subsidies for green energy.
IAEA team to visit Iran on Sunday over nuclear probe
The Vienna-based International Atomic Energy Agency (IAEA) has for years been calling on Iran to explain the presence of undeclared...
- Earlier Wednesday, Iran had said that IAEA officials would visit the country to settle "ambiguities" over claims of secret activities.
- The issue has increasingly frustrated efforts to revive the 2015 Iran nuclear deal, that has been on life support since the United States unilaterally withdrew from it in 2018.
Geostrategy
Palestinians say World Cup proves their cause not ‘buried’
Like several other Arab nations, Morocco has agreed full diplomatic ties with Israel -- but this has not stopped its...
- A Palestinian poll group has said that "the World Cup in Qatar helps restore Palestinian public trust in the Arab world after years of disappointment".
- "The Moroccan festivities at the World Cup have proven that the Arab world is far from normalization with Israel", the Israeli newspaper Maariv said in a commentary on Sunday.
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
‘Projectile’ fired at Israel from Yemen: Israeli military
Jerusalem, Undefined - A "projectile" fired towards Israel from Yemen was intercepted, but not before air-raid warnings sounded across the...
Geostrategy
Company News
Latest News
Hezbollah fires new barrage at Israel, which vows to hit back
Beirut, Lebanon -- Hezbollah said it fired a new wave of rockets and drones at the Israeli army on Thursday, after...
Geostrategy
Former Twitter, now X, makes ‘likes’ private ‘to protect users’
With the change, which includes the removal of the "Likes" tab on a profile page, users will no longer be...
Geostrategy
Fire at Iraqi oil refinery injures 13
"More than 10 people were injured, mainly men from the Arbil civil defense," said the Iraqi civil defense in a...
Geostrategy
Most Read
Geostrategy
Houthis claim attack on merchant ship in Red Sea off Yemen
The Houthis, who are at war with a Saudi-led coalition after ousting the government from Sanaa in 2014, have launched...
- The ship was hit about 68 nautical miles (126 kilometres) southwest of the rebel-held port city of Hodeida, maritime security firm Ambrey had said earlier in the day
- The United Kingdom Maritime Trade Operations, which is run by Britain's Royal Navy, said a vessel was "hit on the stern by a small craft" 66 nautical miles southwest of Hodeida
Geostrategy
Fire kills 49 in Kuwait building housing foreign workers
Kuwait City, Kuwait -- A fire killed 49 people in Kuwait when it ripped through a building housing nearly 200 foreign...
- The blaze, which broke out in the six-story building south of Kuwait City at around dawn, also left dozens of people injured, the health ministry said.
- The health ministry had previously announced 43 injured in the blaze in the Mangaf area, which is heavily populated with migrant laborers.
Business
IEA sees ‘major’ oil supply surplus emerging by 2030
Paris, France -- The world is likely to have a "major surplus" of oil by 2030 as production is ramped up...
- Global demand is expected to "level off" at 106 million barrels per day (bpd) toward the end of this decade while overall supply capacity could reach 114 million bpd.
- The forecast comes days after the OPEC+ group of major crude producers signaled they would start to unwind output cuts this autumn.