Gaza war deepens Israel’s divides, sets friends, families against one another
Hostage families and peace activists want Prime Minister Benjamin Netanyahu's government to secure a ceasefire with Hamas and free the...
Geostrategy
Jordan sees decrease in number of tourists over Gaza war
Amman, Jordan -- Jordan has seen a decrease in the number of tourists visiting its famed ancient city of Petra...
Business
Economy
EU energy ministers push gas price talks into next week
Gas prices are high, albeit lower than during the middle of the year, spurring worries that European homes and businesses...
- Europe has entered a bitingly cold winter with fewer energy options because Russia has reduced gas supplies in retaliation for EU sanctions imposed over its war in Ukraine
- Several EU countries, including France, Poland and Spain, criticised the commission proposal as being designed so the price cap could never be triggered
UK inflation slows to 10.7% in November
The data was published on the eve of an interest rate decision from the Bank of England, which is widely...
- The Consumer Prices Index eased to 10.7 percent last month, the Office for National Statistics (ONS) said in a statement
- The modest slowdown followed falls in the price of motor fuel, but inflation remains high owing to soaring domestic energy and food bills
Economy
US Fed expected to slow pace of rate hikes as inflation eases
The consumer price index, a key gauge of inflation, logged its smallest annual increase in nearly a year, fueling optimism...
- The Federal Reserve has embarked on an all-out campaign to cool demand in the world's biggest economy
- It raised rates six times this year with interest-sensitive sectors like housing already reeling from tightening policy
Economy
Doughty Morocco stand in way of France at World Cup
France captain Hugo Lloris is desperate to avoid the whiff of complacency for a team who have become used to...
- Morocco coach Walid Regragui believes his team have become the neutral's favorite
- The game will have added spice given France was Morocco's colonial power and more than a million Moroccans live in the country
Economy
Wealthy nations oppose new biodiversity fund
Montreal, Canada-- Creating a new global fund for biodiversity -- a core demand of developing countries at UN talks in Montreal...
- COP15 draft targets include a cornerstone pledge to protect 30 percent of the world's land and seas by 2030, eliminating harmful fishing and agriculture subsidies
- Dozens of countries, led by Brazil, India, Indonesia and African nations, are demanding financial subsidies of at least $100 billion a year until 2030
Business
Sudan inks US$6bn UAE deal for new Red Sea port
Sudan signed an initial US$6 billion deal led by United Arab Emirates' AD Ports Group and Invictus Investment to build...
- The Abu Amama port, to be built north of the existing key hub of Port Sudan, will include an industrial zone.
- The signing came a week after Sudan's military and civilian leaders inked an initial accord aimed at ending the crisis since last year's military coup.
Geostrategy
EU eyes all acceptable energy price cap as winter arrives
Several EU countries, including France, Poland and Spain, want a price cap lower than the one proposed by the European...
- The continent has entered a bitingly cold winter with fewer energy options because Russia has reduced gas supplies in retaliation for EU sanctions.
- Gas prices are high, albeit lower than during the middle of the year, spurring worries that European homes and businesses could face blackouts.
Economy
US commits US$55bn to Africa over next three years: W.House
One day before President Joe Biden hosts 50 African heads of state as Washington vies for influence in the continent,...
- Jake Sullivan said the details on $55 billion support to Africa would be revealed during the coming three days of bilateral and multilateral talks
- Biden also intends to name veteran US diplomat Johnnie Carson to work full time with African nations to implement the goals that emerge from the summit
Geostrategy
Rotterdam port ‘drowning in cocaine’ as gangs become stealthier
A record of nearly 70 tons of the drug was intercepted in 2021, up 74 percent from a year before,...
- The cocaine is usually hidden in containers, or sometimes underneath ships in openings below the water line where they are then recovered by divers.
- Rotterdam mayor Ahmed Aboutaleb has deplored the fact that the port city is "drowning in cocaine", and condemns the violence that accompanies the drug trade.
Economy
China begins WTO dispute against US chip export curbs
Beijing, China—China has filed a dispute with the World Trade Organization over US restrictions on chip exports, Beijing's commerce ministry said...
- The United States in October announced new export controls aimed at restricting China's ability to buy and manufacture high-end chips with military applications
- Chinese leader Xi Jinping and US President Joe Biden pledged to repair frayed relations at a summit in Bali, Indonesia last month
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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
Gaza war deepens Israel’s divides, sets friends, families against one another
Hostage families and peace activists want Prime Minister Benjamin Netanyahu's government to secure a ceasefire with Hamas and free the...
Geostrategy
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Gaza war rages as US wants to ‘close’ ceasefire agreement
Doha, Qatar - Top US diplomat Antony Blinken said Wednesday that a truce and hostage release deal to end the Gaza...
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...
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...
Geostrategy
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Geostrategy
Blinken heads to key mediator Qatar after Hamas seeks tweaks to truce deal
US Secretary of State Antony Blinken was heading on Wednesday to talks in key mediator Qatar after Hamas gave a...
- Hamas proposed an amended ceasefire timeline and the complete withdrawal of Israeli troops
- Blinken said in Israel on Tuesday that Prime Minister Benjamin Netanyahu has committed himself to the plan
Oil and gas industry hops on generative AI bandwagon
In recent years the downstream industry, which includes refineries that process crude oil into gasoline, has increasingly relied on so-called...
- Long before the current craze surrounding generative AI, the energy sector employed traditional artificial intelligence through its use of data to identify oil and gas deposits
- The new AI programs can also be employed broadly in the workforce instead of being limited to programmers and data analysts, as has been the case with traditional AI
Geostrategy
Erdogan visits opposition party headquarters first time in 18 years
Istanbul, Turkey - Turkish President Recep Tayyip Erdogan visited the opposition CHP party headquarters on Tuesday, the first time in 18...
- The one-and-a-half-hour meeting between Erdogan and CHP leader Ozgur Ozel in the capital Ankara comes more than a month after their first encounter in May
- Erdogan has signalled "softening" in politics after the March vote observers called his worst defeat since his Islamic-rooted AKP party took power in 2002