Israeli fire kills 39 and wounds more than 100 Gazans near two aid centers
UN has said it had recorded 875 people killed in Gaza while trying to get food, including 674 in the...
Geostrategy
Iraq says drones that struck military radar are foreign-made, doesn’t identify perpetrators
Sabah al-Numan, the military spokesman for the prime minister, said that Iraq identified "the origin of the drones used in...
Geostrategy
Business
OPEC+ to meet in order to adjust quotas for October
Faced with a bleak global economic outlook, the OPEC+ countries are expected to agree a modest increase in oil production...
- Far from their highs near $140 a barrel, Brent North Sea crude and US WTI crude prices suffered their third consecutive monthly decline in August
- Matthew Holland of Energy Aspects said a cut in production would come up at the next meeting in October
Economy
ECB set to raise interest rate to tame runaway inflation
European Central Bank policymakers look set to hike interest rates again to tame runaway inflation amid a steep increase in...
- Eurozone inflation hit 9.1 percent in August, a record in the history of the single currency and well above the two-percent rate targeted by the ECB
- Alongside its policy decisions, on Thursday ECB will also share an updated set of economic forecasts for the eurozone
Economy
Money transfer firms replace banks in crisis-hit Lebanon
Once the flagship of Lebanon's economy, the banking sector is now widely despised and avoided after banks barred depositors from...
- As Lebanon's deep crisis shows no sign of abating, money transfer agencies are filling the gap, also offering currency exchange
- Lebanon has been battered by its worst-ever economic crisis since the financial sector went into meltdown in 2019
Economy
UNESCO recognizes Yanbu Industrial City as International Learning City
According to the Ministry of Education, the learning cities project is implemented in partnership between its Continuous Education Department and...
- According to the Ministry of Education, the learning cities project is implemented in partnership between its Continuous Education Department and Yanbu Royal Commission
- The project, the Ministry of Education, said, aims to enhance inclusive longlife learning culture in the society
Israel delays, amends new West Bank travel rules after outcry
The planned rules had stipulated that foreign passport holders notify Israeli authorities within 30 days of starting a relationship with...
- The original text had also said foreign spouses of Palestinians would initially be granted three- or six-month permits
- The requirement to remain outside the West Bank for six months does not appear in the draft published on Sunday
Geostrategy
Turkish warship docks in Israel in sign of warming ties
In the wake of months of diplomatic warming between the two countries, a Turkish warship docked in Israel over the...
- Relations were frozen in 2010 after the deaths of 10 civilians following an Israeli raid on the Turkish ship Mavi Marmara, carrying aid into Gaza
- Israel and Turkey announced on August 17 the full restoration of relations and the return of ambassadors to both countries
Geostrategy
Iraq parliament staff resume work after weeks-long hiatus
The development came as speaker Mohammed al-Halbusi suggested an agenda for an upcoming national dialogue session following an 11-month political...
- The protesters had staged a sit-in outside the assembly for weeks after initially storming it to demand fresh elections and the dissolution of parliament.
- They pulled out last Tuesday following nearly 24 hours of violence pitting them against the army and Iran-backed factions that left more than 30 Sadr supporters dead.
Geostrategy
Russia sanctions not working, says Italy far-right leader
The leader of Italy's far-right League party, Matteo Salvini, has sparked debate by saying that the unprecedented sanctions the West...
- Skyrocketing energy prices since the start of the war in Ukraine have wreaked economic pain on countries.
- Someone in Europe has made a bad calculation. It is essential to rethink the strategy to save jobs and businesses, said Matteo Salvini, a far right leader in Italy.
Geostrategy
Iran announces defence system against chemical, biological threats
The Iranian defense ministry has "provided 51 cities in the country with the necessary installations and equipment for passive defense,...
- The announcement comes as Iran is engaged in negotiations to revive its 2015 nuclear deal with world powers that granted the Islamic republic much-needed sanctions relief.
- On August 28, Israeli PM Yair Lapid said instructions had been given to the army and the Mossad spy agency to "prepare for any scenario" in the event that the deal is passed.
Science
Norway preps burial ground for CO2
As the planet struggles to meet its climate targets, some climate experts see the technique, called carbon capture and storage,...
- On the shores of an island off Norway's North Sea coast, engineers are building a burial ground for unwanted greenhouse gas
- The European Union emitted 3.7 billion tons of greenhouse gases in 2020, according to the European Environment Agency
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Israeli fire kills 39 and wounds more than 100 Gazans near two aid centers
UN has said it had recorded 875 people killed in Gaza while trying to get food, including 674 in the...
Geostrategy
Company News
ASML profit soars to US$8.5bn
Business
Latest News
US pushes back against claims it eased West Bank settler sanctions
Washington, US--The US Treasury Department pushed back on Friday against claims it had eased sanctions against West Bank settlers after...
Geostrategy
Israel’s Netanyahu approves new Gaza ceasefire talks
The go-ahead for a new round of talks on a Gaza ceasefire came a day after the world's top court...
Geostrategy
Turkey says Erdogan to meet Joe Biden at White House on May 9
Istanbul, Turkey - Turkish President Recep Tayyip Erdogan will meet with US counterpart Joe Biden at the White House on May...
Geostrategy
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Geostrategy
US census to include Middle Eastern or North African category
The next US census and federal government forms will include new options for race and ethnicity including a category for...
- "These updated standards will help create more useful, accurate and up-to-date federal data on race and ethnicity," US Chief Statistician Karin Orvis said.
- These revisions will enhance the ability to compare data across federal agencies, and to understand how federal programs serve a diverse America.
Economy
US Federal Reserve’s preferred inflation gauge ticks up as fuel costs rise
WASHINGTON, US – The US central bank's favored measure of inflation edged higher last month on the back of rising fuel...
- The personal consumption expenditures price index rose at an annual rate of 2.5 percent in February.
- Much of the February increase in the cost of goods came from energy prices, which rose 2.3 percent from January.
Business
Iraq to import electricity from Jordan to ease its chronic outages
Baghdad, Iraq -- Iraq said Friday a power line would soon bring electricity from Jordan to the border area as authorities...
- With its generating capacity ravaged by decades of conflict and underinvestment, Iraq has long relied on imports of both gas and electricity from neighboring Iran.
- The 340-kilometre (210-mile) power line from Jordan will officially start operating on Saturday, the electricity ministry said in a statement.