Saudi investors’ delegation arrives in Syria, aims to invest billions
Riyadh, Saudi Arabia -- A Saudi delegation of over 100 investors arrived in Damascus on Wednesday ahead of a conference...
Geostrategy
Top Palestinian official meets US ambassador to Israel in Ramallah
Hussein al-Sheikh, vice-president of the Palestinian Liberation Organization (PLO), on Tuesday said he met the US ambassador to Israel, Mike...
Geostrategy
Business
Afghanistan to import petroleum products, wheat from Russia
Taliban officials have maintained that they are looking to strike trade deals with the international community, and have so far...
- Russia is hit hard by unprecedented Western sanctions over its invasion of Ukraine, causing Moscow to push exports to Asian countries.
- The deal includes supplying Kabul with one million tons of gasoline, a million tons of diesel, 500,000 tons of liquefied petroleum gas.
Business
$3 billion joint-venture railway to link Oman and UAE
The 303km railway, with passenger trains traveling up to 200kmper hour, will join up with the UAE's national network that...
- The railway will link Abu Dhabi with Oman's deep-sea Sohar port, which bills itself as a nexus of trade between Asia and Europe.
- A multi-billion dollar railway linking the six Gulf Cooperation Council countries has languished since a feasibility study was approved in 2004.
Geostrategy
Kuwait to go to polls as opposition returns to take part
Several opposition MPs had been on strike in protest at delays to parliamentary sessions and the failure to form a...
- The elections come after Crown Prince Sheikh Meshal Al-Ahmad Al-Jaber Al-Sabah announced the dissolution of parliament in June following disputes between lawmakers and the governme
- Opposition figures have stayed out of elections over the past 10 years, accusing executive authorities of meddling in the workings of parliament
Geostrategy
EU proposes new sanctions on Russian exports
The EU's executive proposed a new round of sanctions on Moscow over its latest "escalation" in Ukraine, including an oil...
- As part of the new round of sanctions the commission is laying out a 'legal basis' for a price cap on Russian oil
- It will also look to ban Russian exports worth $7 billion and tighten restrictions on goods flowing from the EU.
Business
Musk seeks to lift regulator ‘muzzle’ on Tesla tweets
The SEC also charged Musk with fraud and ordered him to step down as chair of Tesla's board of directors,...
- The Securities and Exchange Commission reprimanded Musk after posting a tweet in 2018, in which he said he had acquired funding to take Tesla private
- Musk, whose fortune is estimated by Forbes to be nearly $260 billion, is also locked in a lawsuit with Twitter over a potential acquisition of the micro-blogging platform
Economy
Lebanon to devalue currency first time in two decades: Official
The exchange rate has been officially pegged at 1,507 Lebanese pounds to the dollar since 1997, but will drop to...
- Lebanon's local currency has lost more than 95 percent of its value on the black market since the 2019 onset of the country's financial crisis, branded by the World Bank.
- The decision to shift the peg follows a visit last week by a delegation from the International Monetary Fund, which is pressing Lebanon to implement reforms.
Business
Russia wants US to say if it is behind Nord Stream gas leaks
Russia has sought an explanation from US President Joe Biden on three reported gas leaks on the Nord Stream pipelines,...
- The spokeswoman said that Biden should answer the question of whether the US carried out its threat
- The Russian embassy in Denmark said in a statement Wednesday the leaks were an act of "sabotage against the energy security of Russia and Europe"
Economy
EU sees Nord Stream pipeline leaks as ‘deliberate act’
Any deliberate disruption of European energy infrastructure is utterly unacceptable and will be met with a robust and united response,...
- European Council President Charles Michel tweeted that Nord Stream sabotage acts appear to be an attempt to further destabilize energy supply to EU
- Sweden and Poland have already said sabotage was the most likely cause of the leaks from the pipelines in the Baltic Sea
Economy
Last three Turkish banks to drop Russia’s Mir bank cards
The decision follows weeks of intensifying pressure from Washington for NATO member Turkey to limit its booming economic relations with...
- Two private Turkish lenders that began processing Mir after President Erdogan met Russian counterpart Vladimir Putin in August suspended the transactions early this month
- Mir cards offer millions of Russians that vacation in Turkey each year a way to access their rubles and pay for everything from restaurants to hotels
Geostrategy
UN calls on Iran to refrain from ‘disproportionate force’ against protests
In a bilateral meeting last week during the UN General Assembly, Guterres "stressed to President Raisi the need to respect...
- We are increasingly concerned about reports of rising fatalities, including women and children, related to the protests, Dujarric said in a statement.
- Raisi on Saturday labelled the protests "riots" and urged decisive action against the opponents of the security and peace
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Saudi investors’ delegation arrives in Syria, aims to invest billions
Riyadh, Saudi Arabia -- A Saudi delegation of over 100 investors arrived in Damascus on Wednesday ahead of a conference...
Geostrategy
Company News
GSK profit in 2023 falls
Business
Latest News
Israeli information on aid worker death ‘not sufficient,’ says Australia
US-based World Central Kitchen -- founded by Spanish-American celebrity chef Jose Andres -- said a "targeted attack" by Israeli forces...
Geostrategy
Tesla to unveil robotaxi in August
Its shares rose more than three percent in after-market trades.
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Geostrategy
Iran’s response ‘inevitable’ after consulate strike, says Nasrallah
Monday's strike in the Syrian capital levelled the five-storey consular annex of the Iranian embassy and killed seven Iranian Revolutionary...
- Iran's supreme leader Ayatollah Ali Khamenei has said Israel "will be punished" for the consulate strike
- Israel said Thursday it was strengthening its defenses and pausing leave for combat units following Iran's threats to retaliate
Geostrategy
UN chief troubled by reports Israel using AI to identify Gaza targets
According to a report in magazine +972, Israel has used AI to identify targets in Gaza -- in some cases...
- A report claims Israel has marked thousands of Gazans as suspects for assassination
- A system dubbed Lavender had "played a central role in the bombing of Palestinians"
Geostrategy
CIA chief to arrive in Cairo for Gaza hostage talks
According to reports in US media, Burns would meet in the Egyptian capital with Mossad chief David Barnea, Qatari Prime...
- National Security Council spokesman John Kirby said the US will be "present for those talks"
- The US, Qatar and Egypt have been engaged in talks in a bid to secure a truce in the Gaza Strip