Trump claims Obama ‘coup’ as Epstein questions mount
Washington, United States - President Donald Trump sought Tuesday to distract from the growing furor over his administration's handling of...
Geostrategy
91% of new renewable projects now cheaper than fossil fuels alternatives
Abu Dhabi, UAE -- Renewables maintain their cost leadership in global power markets, IRENA’s new report on Renewable Power Generation...
Geostrategy
Geostrategy
Fresh violence breaks out in Libya, killing five
Fighting late Sunday broke out between rival forces equipped with heavy weapons, with one group linked to the defense ministry...
- Libya's ambulance service reported five dead, including a 10-year-old girl, and 13 injured in Zawiyah, some 40 kilometers west of the capital Tripoli
- The fighting comes amid a political crisis between backers of rival Libyan PM Abdulhamid Dbeibah and Fathi Bashagha, whose administrations are vying for control of Libya
Geostrategy
Tunisian mayor detained after fruit seller suicide
Tunisia's interior ministry said Dridi, the fruit seller, had faced "serious family problems", claims his brother rejected in an interview...
- Mohamed Amine Dridi, 25, hanged himself on Saturday two days after the electronic scales he used on his fruit and vegetable stall were taken
- Dridi's suicide echoes the death of fruit seller Mohamed Bouazizi, a university graduate who set himself on fire in 2010
Business
China to gift giant pandas to Qatar for World Cup
Although China has not qualified for the World Cup, but it will still mark its presence in the event with...
- China did not qualify for the World Cup but its companies have been involved in the construction of mega projects around the event
- Suhail is the name of one of the brightest stars visible in the Gulf region, while Soraya is the Arabic name for the Pleiades star cluster
Geostrategy
Leading Iran cleric calls on authorities to ‘listen to people’
At least 41 people have been killed since the protests began on September 16, mostly protesters but including security forces,...
- The powerful 97-year-old cleric has long been aligned with the country's ultra-conservative establishment
- Demonstrators have taken to the streets of major cities across Iran, including the capital Tehran, for 10 straight nights since the death of Mahsa Amini
Economy
Lebanon approves budget, a key condition for IMF bailout
Prodded by the IMF to implement reforms, Lebanon's parliament has approved the 2022 budget setting expenditures at $1.2 billion. The...
- Lebanon is in the throes of an economic meltdown that the World Bank has branded one of the world's worst crises in modern times
- The IMF has conditioned its loan on a series of measures, including the approval of the budget as well as reforms to bank secrecy laws, restructuring the banking sector
Geostrategy
IAEA asks Russia, Ukraine to secure nuclear plant
The head of the UN atomic energy watchdog - IAEA- said he was ready to continue talks in Ukraine and...
- Fighting around Ukraine's Zaporizhzhia nuclear power plant -- Europe's largest -- has raised fears of a nuclear disaster.
- The IAEA chief said that all efforts must be made in order to prevent a nuclear accident that would add tragedy to the suffering,
Geostrategy
‘Global economy will suffer due to Ukraine war’
The world economy will take a bigger hit than previously forecast next year due to the effects of Russia's war...
- OECD Secretary-General Mathias Cormann said that the world is paying a very heavy price for Russia's aggression against Ukraine.
- Global growth stalled in the Q2 in 2022 and data in many economies now point to an extended period of subdued growth.
Business
Apple to make iPhone 14 in India in shift away from China
The iPhone supply chain is based mainly in China but the country's zero-Covid policies and tensions with the United States...
- About 7.5 million iPhones -- around three percent of Apple's global production -- were made in India last year, the analyst added.
- Apple's announcement will be a boost to Prime Minister Narendra Modi's "Make in India" strategy under which he has urged foreign businesses to manufacture goods in his country.
Science
NASA to attempt key planetary defense test
The DART spaceship will be smacked into asteroid moonlet Dimorphos to deflect its orbit, testing our ability to stop cosmic...
- To be sure, neither the asteroid moonlet Dimorphos, nor the big brother it orbits, called Didymos, pose any threat as the pair loop the Sun, passing about 7m miles from Earth.
- But NASA has deemed the experiment important to carry out before an actual need is discovered.
Business
Interpol sends out red notice for Terra crypto founder
Nearly a month after a South Korean court issued an arrest warrant for Do Kwon, a cryptocurrency founder, Interpol has...
- On Twitter, Kwon denied that he was on the run but did not reveal his whereabouts
- Kwon's Terra/Luna system disintegrated in May, with the price of both tokens plummeting to near zero, and the fallout hitting the wider crypto market
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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
Trump claims Obama ‘coup’ as Epstein questions mount
Washington, United States - President Donald Trump sought Tuesday to distract from the growing furor over his administration's handling of...
Geostrategy
Company News
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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...
Geostrategy
Israel says Hamas fighter was at target instead of Gaza aid workers
Israel said it was targeting a "Hamas gunman" when it killed in Gaza seven aid workers whose deaths caused an...
Geostrategy
Kremlin slams Macron claims Russia trying to undermine Olympics
Moscow, Russia - The Kremlin on Friday blasted as "unacceptable" French President Emmanuel Macron's claims that Russia was trying to undermine...
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Geostrategy
Opposition retains majority in Kuwait parliament post elections
Kuwait City, Kuwait - Opposition lawmakers maintained a majority in Kuwait's parliament, results showed Friday, after the Gulf state's third parliamentary...
- Opposition candidates won 29 seats in the 50-member assembly, according to results carried by the official KUNA news agency
- The make-up of the new parliament is very similar to the outgoing one, with all but 11 lawmakers retaining their seats
Geostrategy
Stocks trip and oil surges as Middle East tension grows
The threat of regional war compounded fears that the Federal Reserve would not cut interest rates as much as previously...
- Optimism was at a premium on trading floors after a deadly strike on the Iranian consulate in Damascus, which Tehran blamed on Israel and threatened retaliation.
- Tokyo tanked two percent, with a stronger yen adding to the pain for Japanese investors, while Sydney, Seoul, Singapore, Wellington and Manila were also deep in the red.
Geostrategy
UN human rights council demands halt to arms sales to Israel
The resolution -- which passed with 28 of the council's 47 member states voting in favour, six opposed and 13...
- The strongly worded text called on countries to "cease the sale, transfer and diversion of arms, munitions and other military equipment to Israel
- It stressed that the International Court of Justice ruled in January "that there is a plausible risk of genocide" in Gaza.