G20 nations agree central bank independence ‘crucial’
The statement came after months of escalating attacks by US President Donald Trump on Federal Reserve boss Jerome Powell. The...
Geostrategy
Erdogan accuses Israel of using Druze as pretext to expand into Syria
Turkish President Recep Tayyip Erdogan on Thursday accused Israel of using the Druze minority in Syria as a pretext for...
Geostrategy
Geostrategy
Two US Navy warships transit through Taiwan Strait
The US Seventh Fleet said the pair of Ticonderoga-class guided-missile cruisers the USS Antietam and the USS Chancellorsville conducted the...
- Tensions in Taiwan Strait has been soared to their highest level recently as US House Speaker Nancy Pelosi visited Taipei this month
- US and Western allies of Taiwan have increased "freedom of navigation" crossings by naval vessels of both Strait around the island and South China Sea
Economy
Obstacles hit Germany’s efforts to restart coal plants
A year after the last wisps of smoke disappeared into the skies from the imposing chimneys of the Moorburg coal...
- Russia's curtailing of gas exports to Germany in the wake of the Ukraine war has forced Berlin to make the radical decision to restart coal power stations, at least temporarily.
- Germany began winding down its coal-fired power plants in the last few years, in view of meeting a target to end usage of the fossil fuel by 2030.
Economy
Egypt curtails domestic use of energy to boost forex
An economic crisis spurred by the Ukraine war is casting darkness upon Egypt's streets, as the government dims lights to...
- Egypt, the world's biggest wheat importer, relied on the ex-Soviet states for over 80 percent of its grain.
- Inflation hit a three-year high of 14.6 percent in July after Egypt devalued the pound
Arts & Culture
Churchgoers celebrate Tunisia’s Sicilian past
The Madonna of Trapani procession started after Tunisia's Muslim ruler Ahmed Bey -- whose mother was a Sardinian Christian --...
- It was Sicilian fishermen from La Goulette, a port district on the edge of Tunis, who started the annual procession from the church to the sea to mark the Feast of the Assumption.
- The Catholic Archbishop of Tunis, Ilario Antoniazzi, said such a procession would be "impossible" in other parts of the Maghreb region.
Geostrategy
Iraq’s Sadr suggests ‘all parties’ resign from government posts
For nearly a year, Iraq has struggled to break a political deadlock that has left the country without a new...
- Since the aftermath of the US-led invasion of 2003 that toppled long-time dictator Saddam Hussein, Iraq has been governed under a sectarian power-sharing system
- Sadr's supporters have for weeks been staging a sit-in outside Iraq's parliament, after initially storming the legislature's interior, to press for their demands.
Business
Dogs take to gym to beat UAE heat
With temperatures soaring above 45 degrees Celsius, dogs have found a unique way to beat the heat of the UAE:...
- The resource-rich Gulf is among the regions most at risk from global warming, with some cities facing the prospect of becoming uninhabitable by the end of the century
- Experts recommend that dogs exercise at least 30 minutes a day
Geostrategy
Turkey denounces Macron’s remarks as ‘unacceptable’
Turkish foreign ministry denounced the comments as "unacceptable." The ministry said that French President has "difficulties in confronting his colonial...
- Macron appeared to warn young Algerians and Africans against manipulation by "networks" influenced by Turkey that present France as an "enemy".
- In reply, Turkish foreign ministry spokesman Tanju Bilgic slammed what he described as the French leader Macron's "extremely unfortunate" comments.
Business
Facebook to settle lawsuit on private data misuse
Facebook, since the Cambridge Analytica scandal broke, has removed access to its data from thousands of apps suspected of abusing...
- In a lawsuit initiated in 2018, Facebook users accused the social network of violating privacy rules by sharing their data with third parties
- Cambridge Analytica, which has since shut down, had collected and exploited, without their consent, personal data of 87 million FB users
Geostrategy
Libya violence leaves 23 dead, fueling fears of new war
The two rival administrations competing for control of Libya have exchanged blame for the flare-up in violence killing 23 people...
- Clashes between backers of rival governments didn't spare hospitals, hitting six of them as ambulances struggled to reach areas affected by the violence
- Richard Norland, the US ambassador to Libya, said in a statement that Washington "condemns" the surge in violence, urging an "immediate ceasefire"
Geostrategy
Macron winds up Algeria visit with ‘irreversible dynamic’ of progress
French President Emmanuel Macron and his Algerian counterpart Abdelmadjid Tebboune Saturday declared a "new, irreversible dynamic of progress" in their...
- The three-day visit comes less than two months after Algeria marked six decades of independence following 132 years of French rule
- It comes as European powers scramble to replace Russian energy imports - including with supplies from Algeria, Africa's top gas exporter
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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
G20 nations agree central bank independence ‘crucial’
The statement came after months of escalating attacks by US President Donald Trump on Federal Reserve boss Jerome Powell. The...
Geostrategy
Company News
Latest News
Sony ends merger deal with Zee
Business
Crypto fraudster Bankman-Fried faces sentencing
Calling Bankman-Fried's seven-count conviction reflective of the defendant's "unmatched greed and hubris," the government's sentencing request argues for significant jail...
Business
Jill Biden writes children’s book about ‘First Feline’ Willow
Washington, United States - The Bidens' dogs grabbed headlines with their bad behavior, but "First Feline" Willow is getting a book...
Arts & Culture
China’s Xiaomi to enter EV market
China's EV sector has grown rapidly in recent years.
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Geostrategy
Cross-border fire between Hizbollah and Israel leaves 16 dead
Israeli rescue teams searching a damaged building in the border town of Kiryat Shmona "found a 25-year-old who was unconscious,...
- Hizbollah said it had fired a barrage of rockets into northern Israel after its neighbour carried out a deadly strike on southern Lebanon
- The pro-Iranian movement said four of its fighters and two rescuers were killed, while its ally the Amal movement said it had lost two members
Geostrategy
Israel backtracks on canceled Rafah talks: US official
Israel's prime minister cancelled the visit after the US abstained on the UNSC vote, allowing it to pass. But Israel backtracked,...
- Netanyahu last week agreed to a request by Biden to send a team to Washington to hear US concerns
- The United States also insisted its abstention did not represent a shift in policy on Israel
Geostrategy
Israeli troops shoot dead three Palestinians in West Bank
Residents told AFP that Israeli forces entered Jenin and its adjacent refugee camp just after midnight (2200 GMT on Tuesday)...
- Residents told AFP that Israeli forces entered Jenin and its adjacent refugee camp just after midnight (2200 GMT on Tuesday) and forced their way into several houses.
- The health ministry said two men, Muhammad Sabti and Hamza Harawi, were killed in an air strike, and Ayman Azouqa was shot dead by Israeli troops.