Israel declares Gaza fighting pause amid deepening hunger crisis
Israel imposed a total blockade on Gaza on March 2 after ceasefire talks broke down. In late May, it began...
Geostrategy
Trump says Hamas ‘didn’t want’ Gaza ceasefire deal as talks break down
The US president argued that the Palestinian militant group was not ready to hand over the remaining captives in Gaza...
Geostrategy
Economy
Biden to release 15m barrels from US oil reserves: official
The decision to make the biggest-ever dip into the emergency oil reserves -- usually kept for responding to situations such...
- New tranche of oil from the Strategic Petroleum Reserve will be "completing the 180 million barrel release authorized in the spring," in response to price hikes
- Major energy exporter Russia was hit with US and European sanctions soon after it invaded Ukraine in February, causing turmoil on markets
Geostrategy
Hamas in first Syria visit in decade as relations thaw
Hamas, which controls the Gaza Strip, was one of Assad's closest allies but left Syria in 2012 after condemning his...
- A Hamas leader told AFP the group plans to reopen its Damascus office but that it was "too early" to talk about relocating its headquarters to the Syrian capital
- The thaw between Hamas and Damascus was brokered by Tehran and Lebanese militant group Hezbollah, a senior Hamas source said
Business
Netflix subscriber base grows after chilly start to year
The company said it ended the third quarter with slightly more than 223 million subscribers worldwide, up some 2.4 million,...
- Netflix reported a quarterly profit of $1.4 billion on revenue of $7.9 billion -- a net income slightly less than in the same period a year ago when it brought in more money
- With the launch of cheaper, ad-supported subscriptions, Netflix and Disney+ are expected to bite into the revenue of traditional television channels
‘Close the windows’: Lebanon power plant sparks cancer fears
Thick black smoke sometimes billows from its red-and-white chimneys, leaving a grey haze in the air above the Zouk Mikael...
- A Greenpeace study found that the surrounding Jounieh area ranked fifth in the Arab world and 23rd globally for cities most contaminated by nitrogen dioxide
- The environmental group's 2018 study singled out the Zouk plant, built in the 1940s, as well as cars on a busy motorway and privately owned electricity generators
Economy
Qatar’s glitzy World Cup is ready and expensive
The palm tree-styled street lamps and neon office blocks that line the highway from the expanded international airport to central...
- Gleaming new stadiums that cost more than $6.5 billion are ready, and a driver-less metro system with a price tag of $36 billion serves five of the eight venues
- FIFA has lauded Qatar's preparations and the eight stadiums designed to highlight Arabic tradition and culture
Geostrategy
Iran says ready for talks with Ukraine over drone claims
Terming the Ukrainian and Western claims that its military drone are being used by Russia in attacks on Ukraine as...
- Earlier Tuesday, Ukraine's Foreign Minister Dmytro Kuleba said he had suggested to President Volodymyr Zelenksy that Kyiv cut diplomatic ties with Iran
- The United States warned Monday it would take action against companies and nations working with Iran's drone program
Business
Morocco and EU sign ‘green partnership’ deal
Aiming to bolster cooperation on renewable energy, Morocco and the European Union have signed a "green partnership" deal in order...
- Bourita said that the "harsh international reality has shown, both in Europe and in North Africa, that when it comes to energy, it is reliability and only reliability that counts"
- The memorandum of understanding signed on Tuesday is set to boost cooperation on energy and the fight against climate change, with private sector involvement
Business
Goldman Sachs Q3 profit at $3bn
The bank's revenues declined 12 percent to $12 billion.
- Profits were $3.0 billion, down 44 percent from the 2021 period, while revenues declined 12 percent to $12.0 billion.
- The bank's chief executive, David Solomon, said that businesses should be "cautious" in light of increased volatility.
Geostrategy
Russia not planning to end military mobilization ‘yet’, says Kremlin
MOSCOW, RUSSIA - President Vladimir Putin does not plan to end a military mobilization in Russia "yet" but some of...
- "For the moment, there is no presidential decree (on ending mobilization)," Putin's spokesman Dmitry Peskov said.
- Vladimir Putin announced a nationwide military call-up to prop up Moscow's forces in Ukraine on September 21
Market Report
Markets climb on bright US earnings, UK policy U-turns
Major global equities rose, with sentiment soothed after upbeat US earnings and Britain shredded its controversial budget. Analysts pointed to...
- US industrial production also picked up more than anticipated in September, according to official data.
- On Wall Street, the Dow Jones jumped two percent at the open after a day of strong trading in Asia and Europe, before paring back gains later in the morning.
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
Israel declares Gaza fighting pause amid deepening hunger crisis
Israel imposed a total blockade on Gaza on March 2 after ceasefire talks broke down. In late May, it began...
Geostrategy
Company News
Latest News
Swiss reserve hike hits UBS
The reserve requirement will increase from 2.5% to 4% from July 1.
Business
Rockets fired from Iraq at US-led coalition base in Syria
Rockets were fired late Sunday from northern Iraq at a military base in Syria housing a US-led coalition, according to...
Syria has held ‘meetings’ with US: Assad
The United States was among the first to cut ties with Assad over the repression of anti-government protests that sparked...
Geostrategy
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Geostrategy
Erdogan urges Palestinian unity after meeting Hamas chief: office
Erdogan called on Palestinians to unite following the talks at the Dolmabahce palace, on the banks of the Bosphorus strait,...
- Erdogan said recent events should not allow Israel to "gain ground and that it is important to act in a way that keeps attention on Gaza".
- "Even if only I, Tayyip Erdogan, remain, I will continue as long as God gives me my life, to be the voice of the oppressed Palestinian people," the president said.
Interview
AI is revolutionizing news ecosystem: Expert
Generative AI has removed barriers in the previous generation of AI such as news devices, new hardware and technical expertise,...
- With Generative AI, on can run news workflow through interfaces that one pays $20 a month. One doesn't need to be a coder.
- Jelani Cobb, Dean of Columbia School of journalism, says: '+AI is unignorable force that journalism will have to organize itself around'.
Calls for calm after reported Israeli strike on Iran
An unidentified Israeli official told The Washington Post the "strike" was retaliation for Iran's drone and missile barrage and was...
- Israeli officials made no public comment on the attack and Iranian officials played down its significance
- Iranian Foreign Minister Hossein Amir-Abdollahian said Israeli micro-drones used in the operation had caused no deaths or damage