Somali president to visit Turkey after Israeli recognition of Somaliland
Somalia's president is to visit close ally Turkey on Tuesday following Israel's recognition of the breakaway territory of Somaliland, Turkey's...
Geostrategy
A saint, a monk, a rock: Bulgaria’s euro coin designs
Sofia, Bulgaria -- Ancient rock art, a patron saint and a monk will be emblazoned on euro coins from Thursday,...
Geostrategy
Geostrategy
Filmmakers try to cash in on India-Pakistan battle
Mumbai, India -- Indian filmmakers are locking up the rights to movie titles that can profit from the patriotism fanned...
- The nuclear-armed rivals exchanged artillery, drone and air strikes in May, after India blamed Pakistan for an armed attack on tourists in Indian-administered Kashmir.
- The fighting came to an end when US President Donald Trump announced a surprise ceasefire.
Geostrategy
Dormant Russia volcano erupts for first time in 450 years
Moscow, Russia -- A volcano erupted for the first time in 450 years in Russia's eastern Kamchatka region, the nation's...
- Pictures released by Russian state media show a towering plume of ash spewing from the Krasheninnikov volcano, which last erupted in 1550.
- The plume is estimated to have reached an altitude of 6,000 metres (19,700 feet), Kamchatka's Ministry of Emergency Situations said in a post on Telegram.
Geostrategy
Chaos, Israel-aided gangs and gunfire: Gaza aid fails to reach most needy
Nearly 1,400 Palestinians have been killed in the Gaza Strip while waiting for aid since May 27, the majority by...
- The Israeli army is also accused of having equipped Palestinian criminal networks in its fight against Hamas and of allowing them to plunder aid.
- For more than 2 million inhabitants of Gaza the US-backed GHF has just four distribution points, which the UN describes as a "death trap".
Geostrategy
Eight OPEC+ countries raise production by 547,000 bpd to regain market share
Iraq, United Arab Emirates, Kuwait, Kazakhstan, Algeria and Oman, along with the Saudis and Russians currently produce about 41-42 mbd.
- Analysts said there was unlikely to be a major impact on prices, with the Brent reference oil currently selling at about $70 a barrel.
- Oil prices have held up better than observers anticipated amid strong summer demand and a high geopolitical risk premium, notably owing to conflict between Iran and Israel.
Geostrategy
Israel intercepts Huthi missile fired from Yemen
The Israeli military said it intercepted a missile fired from Yemen on Friday, which the Iran-backed Huthi rebels said they...
- "Following the sirens that sounded a short while ago in several areas in Israel, a missile that was launched from Yemen was intercepted," the Israeli military said
- The Huthis targeted Israel's Ben Gurion airport "using a 'Palestine 2' hypersonic ballistic missile", their military spokesman Yahya Saree said in a video statement
Geostrategy
Turkey starts supplying Azerbaijani gas to boost Syria’s power output
Istanbul, Turkey - Turkey on Saturday turned on a supply of natural gas from Azerbaijan to Syria, whose infrastructure was...
- Syria's Islamist authorities, who toppled Bashar al-Assad in December, are seeking to rebuild the battered country where power cuts can last for more than 20 hours a day
- A first phase of the Qatari scheme to fund gas supplies for power generation in Syria rolled out in March via Jordan and provided 400 megawatts of electricity per day
Geostrategy
US envoy meets Israeli hostage families in Tel Aviv
US envoy Steve Witkoff on Saturday met the anguished families of Israeli hostages still held in Gaza, as fears for...
- Witkoff was greeted with some applause and pleas for assistance from hundreds of protesters gathered in Tel Aviv, before going into a closed meeting with the families
- The visit came one day after Witkoff visited a US-backed aid station in Gaza, to inspect efforts to get food into the devastated Palestinian territory
Economy
Qatar to expand scheme to boost Syria power supply
Qatar is to expand its scheme to boost the power supply in Syria by paying for deliveries of Azerbaijani gas...
- The deliveries, aimed at alleviating chronic power outages in Syria, will increase the Qatari scheme's generating capacity to 800 megawatts per day
- A first phase of the Qatari scheme to fund gas supplies for power generation rolled out in March via Jordan and provided 400 megawatts of electricity per day
Geostrategy
Israel’s Druze organise aid for violence-hit Syria community
In the quiet Galilee village of Julis, Israeli Druze volunteers are busy collecting food donations and gathering information to support...
- The colourful Druze flag hangs on a wall in a community centre alongside a sign in Hebrew that reads "Druze Community Emergency Room."
- Sweida, a Druze-majority province in southern Syria, saw a week of deadly clashes last month, which a war monitor said killed more than 1,400 people
Geostrategy
Iran rejects Western accusations of overseas plots as ‘baseless’
In a statement, Iranian foreign ministry spokesman Esmaeil Baqaei described the claims as "baseless", calling them "an attempt to divert...
- In a statement, Iranian foreign ministry spokesman Esmaeil Baqaei described the claims as "baseless", calling them "an attempt to divert public attention from genocide in Gaza
- The United States, Britain, France and Germany condemned in a joint statement on Thursday "the growing number of state threats from Iranian intelligence agencies."
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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
Somali president to visit Turkey after Israeli recognition of Somaliland
Somalia's president is to visit close ally Turkey on Tuesday following Israel's recognition of the breakaway territory of Somaliland, Turkey's...
Geostrategy
Company News
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US AI firm Palantir announces joint venture in Dubai
Dubai, United Arab Emirates -- US software firm Palantir launched a joint venture with the Dubai government's investment arm on...
Business
King Tut’s collection displayed for first time at Egypt’s grand museum
Cairo, Egypt -- Thousands of visitors streamed through the Grand Egyptian Museum on Tuesday as almost the entire collection of King...
Arts & Culture
Qatar warns will cut gas supply to Europe over EU’s green rules
Qatar's energy minister on Monday warned the Gulf state would halt its supply of liquefied natural gas to Europe over...
Economy
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Business
Microsoft unveils $15.2 billion AI, cloud computing investments in UAE
The deal sent US chip-maker Nvidia shares up 2.6 percent, buoyed by hopes the AI juggernaut could see access for...
- "This is not money raised in the UAE. It's money we're spending in the UAE," Smith wrote in a blog post published during a visit to Abu Dhabi.
- Smith said the investments had been encouraged by both the US and UAE governments and had involved a partnership with the country's G42 sovereign artificial intelligence company.
Business
Kimberly-Clark to buy Kenvue
The deal is valued at $48.7 billion.
- Kenvue's Tylenol painkiller has faced Trump administration allegations of links to increased autism risks.
- Texas-based Kimberly-Clark makes a wide range of paper and cloth products, with brands such as Huggies, Kleenex and Kotex.
Business
OpenAI signs $38 bn infrastructure deal with cloud giant AWS
Under the seven-year agreement, OpenAI, which is partly owned by AWS's archrival Microsoft, will gain access to computing resources including...
- The deal will also give access to tens of millions of more conventional CPUs that will be used for the everyday deployment of so-called agentic AI.
- OpenAI will immediately begin utilizing AWS computing, with all capacity targeted to be used before the end of 2026, and the ability to expand further in the coming years.