Emirates mining company challenges Guinea license withdrawal
Dakar, Senegal -- Mining company Axis International said Monday it was seeking World Bank arbitration against Guinea for withdrawing its...
Business
Saudi-led coalition warns of intervention against Yemen separatists
The statements came a day after reported Saudi airstrikes on separatist positions in Yemen's Hadramawt province — and after Washington...
Geostrategy
Business
Microsoft valuation surges above $4 trillion as AI lifts stocks
Shares of Microsoft vaulted 5.3 percent after it reported $27.2 billion in quarterly profits as it touted massive investments in...
- About 25 minutes into trading, the tech-rich Nasdaq Composite Index was up 1.3 percent at 21,396.04.
- The gains came as President Donald Trump announced a trade deal with South Korea that imposes a 15 percent tariff on imports from the Asian country.
Geostrategy
‘Gaza, ours forever’: Settlers push to reclaim land amid devastation and political shifts
Within sight of Gaza, the devastated Palestinian enclave ravaged by nearly 22 months of war, hundreds of Israeli settlers marched...
- Israel's withdrawal from Gaza 20 years ago ended 38 years of military presence, and about 8,000 settlers were evacuated and 21 communities demolished
- But a vocal fringe never gave up the dream of return -- and now, amid war with Hamas and with hardliners in government, some believe the time is ripe
Geostrategy
Syrian, Israeli ministers to hold meeting in Baku on Thursday: diplomat
A Syrian-Israeli ministerial meeting is set to take place Thursday in Baku to discuss security matters in southern Syria, a...
- The meeting between Syrian Foreign Minister Asaad al-Shaibani and Israeli Minister of Strategic Affairs Ron Dermer follows a similar meeting between them in Paris last week
- It will take place after an unprecedented visit by Shaibani to Moscow on Thursday, added the diplomat, who requested anonymity due to the sensitivity of the matter
Economy
Trump hits India with 25% tariff and ‘penalty’ over Russia ties
US President Donald Trump said Wednesday that imports from India will face 25 percent tariffs, while also announcing an unspecified...
- The measures will kick in on Friday, Trump posted on his Truth Social platform, adding to a bevy of other tariff hikes -- some up to 50 percent -- set to take effect the same day
- He had previously issued multiple delays to his so-called "reciprocal" tariffs since first announcing them in early April, while instituting an interim 10 percent baseline
Geostrategy
UAE begins pipeline project to ease Gaza water shortage
Jerusalem, Undefined -- The United Arab Emirates has begun construction on a major pipeline to carry desalinated water from Egypt...
- Technical teams sent by the UAE have started transporting equipment needed for the project, the Emirati state news agency WAM reported.
- The project would link a desalination plant in Egypt to the Al-Mawasi area along Gaza's coast and could supply about 600,000 people daily, COGAT said.
Arts & Culture
Thousands of carpets sunbathe at Turkish resort
From June-Sept, in harvested fields cleared of stubble, merchants bring their cargo to age in the sun, tempering the bright...
- In the past, up to 60,000 carpets were processed in each three month drying season in the Dosemealti district.
- But today he is one of the last ones to do so, with around 15,000 carpets stored side by side on a 40-hectare (100 acre) area.
Geostrategy
France, 14 other nations urge recognition of Palestinian state, Canada may do so in September
The foreign ministers of 15 countries issued a joint statement following a conference in New York, co-chaired by France and...
- In the statement, 15 nations including Spain, Norway, and Finland affirmed their "unwavering commitment to the vision of the two-state solution."
- Nine of the signatories which have not yet recognized the Palestinian state expressed "the willingness or the positive consideration of their countries" to do so.
Geostrategy
Gaza famine warning as Israel resists ceasefire calls, UNICEF says time running out
"We need to flood Gaza with large-scale food aid, immediately and without obstruction, and keep it flowing each and every...
- The World Food Programme, UNICEF and the Food and Agriculture Organisation warned that time was running out and that Gaza was "on the brink of a full-scale famine."
- "We need to flood Gaza with large-scale food aid, immediately and without obstruction, and keep it flowing each and every day to prevent mass starvation," UNICEF said
Geostrategy
Trump’s MAGA base defies conservative pro-Israel doctrine
Washington, United States - Unconditional support for Israel has long been an entry requirement in US Republican politics, but that...
- Trump's first significant break with Israel came on Monday, when he acknowledged that "real starvation" is happening in Gaza
- He vowed to set up food centers in the besieged enclave, which has been devastated by Israel's war with Hamas
Geostrategy
Russia to face new US sanctions unless ends Ukraine war in 10 days: Trump
US President Donald Trump said his deadline for Russia to end the fighting in Ukraine or face new sanctions will...
- Trump -- flying back from Britain to Washington -- had already said on Monday that he was reducing a previous ultimatum of 50 days to between 10 and 12 days
- "We're going to put on tariffs and stuff," he said, but "I don't know if it's going to effect Russia because obviously he wants to keep the war going."
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
Emirates mining company challenges Guinea license withdrawal
Dakar, Senegal -- Mining company Axis International said Monday it was seeking World Bank arbitration against Guinea for withdrawing its...
Business
Company News
Latest News
Publishers fight back against US book bans
Geostrategy
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...
Business
Trump says Russia, China have secretly tested nuclear weapons
President Donald Trump alleged Sunday that countries including Russia and China have conducted underground nuclear tests unknown to the public,...
Geostrategy
OPEC+, including Saudi Arabia and Russia, agree further hike to their oil production
The 137,000-barrels-per-day hike will apply from December and remain at that level for the following three months, signifying a "pause"...
Economy
Most Read
Geostrategy
Death becomes a growing business in ageing, lonely South Korea
Busan, South Korea -- Rows of coffins line a university classroom in the South Korean port city of Busan, ready...
- Single-person households now account for around 42 percent of all homes in Asia's fourth-largest economy.
- A new profession has emerged reflecting that statistic: cleaners who are called in to tidy up homes after their occupants, most of whom lived alone, have died.
Geostrategy
Hundreds in south Lebanon mourn Hezbollah members killed in Israeli attacks
Nabatieh, Lebanon -- Hundreds of people gathered in south Lebanon's Nabatiyeh on Sunday to mourn five Hezbollah members killed in...
- On Saturday, an Israeli strike killed four people in Kfar Rumman, Nabatiyeh district, the Lebanese health ministry and the Israeli military said.
- The men's coffins were draped in Hezbollah's flag while mourners threw petals and chanted "death to Israel, death to America".
Geostrategy
Iran vows to rebuild nuclear sites ‘stronger than before’
"By destroying buildings... we will not be set back," said Iranian President Masoud Pezeshkian, in a visit to the country's...
- Pezeshkian's comments came as Oman, Iran's traditional intermediary, urged the two countries on Saturday to resume talks.
- Oman hosted five rounds of US-Iran talks this year. Just three days before the sixth round, Israel launched its strikes against Iran's nuclear facilities.