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...
Geostrategy
Trump warns of ‘real starvation’ in Gaza as aid deliveries pick up after Israeli “tactical pause”
Speaking in Scotland after meeting Britain's leader, Trump contradicted Israeli Prime Minister Benjamin Netanyahu, who had earlier dismissed fears of...
Geostrategy
Arts & Culture
Egypt cuts the feed to wildly popular ‘mahraganat’ electro music
The mahraganat singers who fail to impress will be called "vocal performers" and they will have to renew their licence...
- The mahraganat singers who fail to impress will be called "vocal performers" and they will have to renew their licence every three months
- The syndicate will judge whether the performer has demonstrated "respect for the union, the nation, and the young people."
Geostrategy
Turkey says Finland, Sweden must ‘take steps’ before NATO approval
Ankara has accused the two Nordic nations of providing a safe haven for outlawed Kurdish militants it deems "terrorists" and...
- Finland and Sweden dropped decades of military non-alignment and scrambled to become NATO members after Russia invaded Ukraine
- All 30 NATO member states except Turkey and Hungary have ratified the accession of Sweden and Finland
Business
Binance says crypto moved through platform from Iran
No Iranian cryptocurrency platforms are currently under sanctions. But US-imposed restrictions prohibit a US entity or US national from selling...
- Some $7.8 billion has passed through Binance in connection with accounts domiciled on the busiest Iranian platform, Nobitex, Reuters said
- Binance's United States subsidiary is Binance.US, an entity that has come into regulatory crosshairs
Business
Elon Musk sacks half of Twitter’s staff in a major overhaul
A week after he took the reins of the company, Elon Musk has sacked half of Twitter's 7,500-strong staff in...
- Workers around the world were shown the door and took to Twitter to vent their frustration or disbelief and say goodbye to one of Silicon Valley's most iconic companies
- Musk has been scrambling to find new ways for Twitter to make money after his mammoth buyout, including an idea to charge users $8 a month for verified accounts
Geostrategy
Italy allows migrant rescue ship dock for health checks
Rome, Italy— Italy will allow an NGO ship carrying 179 migrants rescued in the Mediterranean to dock so medics can carry...
- More than 1,000 migrants are currently aboard rescue boats trying to reach Europe, and Italy has faced mounting pressure to let humanitarian ships dock
- Germany sent a diplomatic note to Italy on Thursday asking its government to provide rapid help
Geostrategy
Difference between Netanyahu and Lapid is the one between Pepsi and Coca Cola: Palestinian PM
During his brief premiership, Lapid adopted a more conciliatory approach, approving a modest increase in the number of Israeli work...
- The difference between Netanyahu and Yair Lapid is like the difference "between Pepsi and Coca Cola," said Palestinian prime minister Mohammad Shtayyeh
- Netanyahu's previous terms in office saw what little remained of the Middle East peace process collapse in a surge of Israeli settlement expansion in the occupied West Bank
Business
Morocco impounds two million captagon pills at northern port
Scuttling an "international trafficking attempt" to West Africa, Morocco has made a large seizure of more than two million amphetamine-type...
- In recent years trade of the stimulant has shot up, mostly originating in Lebanon and Syria, where a multi-billion-dollar industry has made the drug the country's largest export
- Lebanese authorities have recently ramped up efforts to counter captagon production and trafficking after backlash from conservative Gulf nations
Geostrategy
G7 calls on oil-rich countries to up production for taming price rise
Increasing production should help "decrease volatility in energy markets" caused by the war in Ukraine, G7 foreign ministers said in...
- The G7 also said it intends to finalise "in the coming weeks" the implementation of a Russian oil price cap mechanism.
- Rising prices for energy in the wake of the Russian invasion of Ukraine, have driven a global surge in inflation and weighed on economic activity.
Science
COP27 must shift from talk to action says UN climate chief
The upcoming COP27 climate summit in Egypt must mark a leap from the process of hammering out a treaty to...
- Diplomats from nearly 200 countries are gathering in the Red Sea resort for the November 6-18 conference.
- The US and the European Union - fearful of creating an open-ended reparations framework - have dragged their feet.
Geostrategy
World food prices hold steady in October, says FAO
World food prices held steady in October, though cereal prices rose over uncertainty of a deal giving safe passage for...
- FAO said its price index averaged 135.9 points in October, marginally lower from September.
- Wheat prices were up 3.2 percent, mostly reflecting continued uncertainties related to the Black Sea Grain Initiative, the UN body said.
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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
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...
Geostrategy
Company News
Latest News
Egypt says to support South Africa ICJ case against Israel
Pretoria brought its case to the ICJ in December, calling on the UN court to order Israel to suspend its...
Geostrategy
Hamas says Israeli-British hostage held in Gaza dead
Popplewell was kidnapped from his home during Hamas's October 7 attack along with his mother, Hanna Peri, who was released...
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Geostrategy
Kuwait emir dissolves parliament in new political crisis
The state's ruler attributed his move to the "interference" of some MPs in the emir's powers and others imposing "conditions"...
- The Kuwait News Agency (KUNA) said "an emiri order was issued to dissolve the national assembly and suspend some articles of the constitution for a period not exceeding four years
- It said the emir, Sheikh Meshaal Al-Ahmad Al-Jaber Al-Sabah, and the council of ministers were "assuming the powers granted to the national assembly."
Business
TSMC’s April revenue up 60%
It capitalized on huge wave of demand for chips used in AI hardware.
- TSMC dominates the global chip industry, and the bulk of its fabrication plants are based in Taiwan, a self-ruled island that is claimed by neighboring China.
- TSMC announced plans in April for a third factory in the United States, raising its total investment in the United States to US$65 billion.
Geostrategy
UN votes symbolically in favor of Palestinian membership
"I have stood hundreds of times before at this podium, but never for a more significant vote than the one...
- Palestinians in April relaunched a request dating back to 2011 to become full members of the United Nations, where their current status is that of a "nonmember observer state."
- The vote lets Palestinians submit proposals and amendments directly, without having to go through another country, as is the case now.