Trump warns Israel not to ‘interfere’ in Syria, days after deadly operation killed 13 people
"It is very important that Israel maintain a strong and true dialogue with Syria, and that nothing takes place that...
Geostrategy
The tiring task of repairing Gaza’s tattered banknotes
Nuseirat, Palestinian Territories - With a pot of glue, a blade and a keen eye, Manal al-Saadani repairs tattered banknotes...
Geostrategy
Geostrategy
Chinese ship scouts deep-ocean floor in South Pacific
Beijing, China -- A Chinese research vessel docked in the Cook Islands Saturday as it probed the Pacific nation's deep-sea...
- Huge areas of seabed around the Cook Islands are carpeted in polymetallic nodules, lumpy rocks studded with rare earths and critical minerals such as cobalt, nickel and manganese.
- Fringed by sparkling lagoons, South Pacific nation the Cook Islands has opened its vast ocean territory for deep-sea mining exploration.
Geostrategy
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...
- Diplomats from the coalition of more than 10 countries are pushing for more to come aboard.
- Countries that do not yet have such a tax would commit to imposing levies on business and first-class tickets as well as private jets.
Business
Pfizer poised to buy Metsera
The pharma giant improved its offer to $10bn.
- The Danish firm said Saturday that it "does not intend to make an increased offer to acquire Metsera."
- The company "will continue to assess opportunities for business development and acquisitions that... further its strategic objectives," it said.
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...
- The central Asian republic has had diplomatic ties with Israel for decades, unlike the four Arab states that normalized relations with Israel under Abraham accords
- But with Trump aiming to shore up his fragile Gaza ceasefire deal, Washington is pushing to get as much support as possible behind a wider peace initiative
Economy
UAE company inks $22 mn deal for stake in Latakia container terminal
Dubai, United Arab Emirates - AD Ports Group of the United Arab Emirates (UAE) signed a $22 million agreement Thursday...
- Abu Dhabi-based firm inked the deal with French shipping giant CMA CGM for a 20 percentage stake in the Latakia International Container Terminal, AD Ports Group said in a statement
- The Syrian government signed a 30-year contract in May with the French firm to run the Mediterranean port and modernise it, including developing the infrastructure
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
Business
Ozempic maker lowers outlook
The company posted tepid Q3 results.
- It marked the latest bad news for the pharmaceutical giant, which has recently changed its CEO, announced plans to lay off 9,000 employees and replaced more than half of its board.
- The group now expects full-year sales in 2025 to grow by eight to 11 percent, versus the eight to 14 percent range it had expected previously, the company said.
Geostrategy
Gaza hospital says received 15 Palestinian bodies under ceasefire exchange deal
They were returned in exchange for the latest hostage body handed back from Gaza on Tuesday, that of Israeli-American soldier...
- At the start of the truce, Hamas held 48 hostages in Gaza -- 20 alive and 28 deceased.
- Hamas have since released all the surviving captives, as well as 21 of the deceased's remains.
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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
Trump warns Israel not to ‘interfere’ in Syria, days after deadly operation killed 13 people
"It is very important that Israel maintain a strong and true dialogue with Syria, and that nothing takes place that...
Geostrategy
Company News
G20 grapples with splintering world order
Geostrategy
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G20 grapples with splintering world order
"Too many countries are retreating into geopolitical blocs or the battlegrounds of protectionism," Canadian Prime Minister Mark Carney told reporters....
Geostrategy
Israeli strikes kill 21 in Gaza, dozens more wounded: Civil defense
Mahmud Bassal, spokesman for the civil defense agency, Bassal said one strike hit a house in Deir el-Balah in the...
Geostrategy
Amazon climate deal a ‘win’ for global unity but fossil fuels untouched
Nearly 200 countries approved the deal by consensus after two weeks of exhaustive negotiations on the fringes of the rainforest,...
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Geostrategy
Trump pushes Ukraine to accept his plan for ending the war ahead of Nov 27 deadline
"He'll have to like it, and if he doesn't like it, then you know, they should just keep fighting," Trump...
- "He'll have to like it, and if he doesn't like it, then you know, they should just keep fighting," Trump told reporters who asked about Zelensky's less-than-enthusiastic response
- "At some point he's going to have to accept something," Trump added during the Oval Office meeting with New York City's future mayor Zohran Mamdani
Geostrategy
UAE says will invest up to $50 billion in Canada
The fresh North American investment pledge came after UAE President Mohamed bin Zayed Al Nahyan promised in May to pump...
- Under the terms of the agreement, the UAE will invest in energy, artificial intelligence, logistics, mining and other priority national and strategic industries in Canada.
- Foreign direct investment stock from the UAE in Canada stood at $8.8 billion in 2024, while Canadian direct investment stock in the UAE totaled $242 million that same year.
Geostrategy
COP30 deal under threat as nations clash over fossil fuels
The draft text unveiled by COP30 host Brazil made no mention of "fossil fuels" or the word "roadmap" that President...
- Divisions remain not just over fossil fuels but trade measures and finance for poorer nations to adapt to climate change and move to a low-carbon future.
- More than 30 countries had warned in a letter to Brazil that they would reject any deal that did not include a plan to move away from fossil fuels.