Drone attack shuts Iraq oil field run by US company
Arbil, Iraq -- A drone strike forced a US company to suspend operations at an oil field in Iraq's autonomous...
Geostrategy
Japan’s World Barber Classic tries to bring back business
Tokyo, Japan -- Hundreds of rowdy spectators, many heavily tattooed, roared Monday at a Tokyo arena usually reserved for boxing...
Geostrategy
Geostrategy
Syrian ship accused of carrying stolen Ukranian grain leaves Lebanon
The Laodicea, which was docked in the northern port of Tripoli, was cleared to leave after investigations failed to prove...
- Kyiv's embassy in Lebanon had claimed that the grain cargo was loaded from a region occupied by Russian forces
- Ukraine has repeatedly accused Moscow's forces of ransacking its grain warehouses since Russia invaded the country in late February
Geostrategy
Iran says sending team to resume nuclear talks in Vienna
Negotiations in Vienna began in April 2021 to restore the deal, but have stalled for the past five months amid...
- Iran foreign ministry statement said that Iran hoped the opposing parties will seriously focus on resolving the remaining issues
- Earlier, coordinator of the nuclear talks between Iran and world powers, Josep Borrell submitted a new draft text and urged all sides to accept it
Geostrategy
Anger, anguish as Lebanon marks two years since Beirut mega-blast
The 2020 disaster, one of history's biggest non-nuclear explosions, killed more than 200 people and decimated vast areas of the...
- The 2020 disaster, one of history's biggest non-nuclear explosions, killed more than 200 people and decimated vast areas of the capital
- UN experts and groups including Amnesty International and Human Rights Watch have again appealed to the United Nations to send a fact-finding mission
Economy
Saudi Arabia records $20 bn surplus after oil price surge
Despite being among the world's top crude exporters and the largest Arab economy, Saudi Arabia has failed to balance its...
- The surplus is largely due to oil revenues rising to more than 250 billion riyals, compared to around 132 billion during the same period in 2021, a jump of 89 percent
- In December, Saudi Arabia approved its 2022 budget projecting a surplus for the first time since oil prices slumped in 2014
Business
Embraer Q2 profit at $74.2m
It returned to profit in Q2 after posting a loss in first quarter
- Brazilian plane-maker Embraer returned to profit in the second quarter after posting a loss in the first
- The result was down 16 percent from the $87.9 million net profit it posted for the April-June period last year
Business
ING Q2 profit down 20%
The bank's profits have been hit by Turkey's soaring inflation.
- ING booked a profit of 1.18 billion euros ($1.2 billion) in the three-month period ending in June.
- ING's net profit took 277-million-euro hit from Turkey's hyper-inflation, which is around 80 percent.
Geostrategy
Israel’s border closure could shut Gaza’s only power station
The Israeli military has also imposed restrictions of movement on Israeli communities adjacent to the Gaza Strip.
- Israeli authorities shut goods and people crossings along its frontier with Gaza on Tuesday.
- Shutdown halted deliveries through Israel of diesel, needed to fuel Gaza's sole power plant.
Business
Firm seeks professional to taste test 3,500 candies
The new hire will get an annual salary of $78,000. Since the Chief Candy Officer is required to taste thousands...
- Candy Funhouse, a Canadian online candy shop, said it has received more than 100,000 candidates in two weeks.
- On social media, the posting is a big hit with adults and children alike. One Twitter user said that his eight-year-old daughter had made a LinkedIn profile just to apply.
Geostrategy
Russia to launch Iran satellite into orbit next week
News of the launch follows Putin's visit to Iran on July 19, when he met President Ebrahim Raisi and Iran's...
- Russia's State Space Corporation Roscosmos confirmed the launch of Khayyam satellite is scheduled for Tuesday
- The new Iranian satellite is aiming to "monitor the country's borders", enhance agricultural productivity and monitor water resources and natural disasters
Geostrategy
As fuel prices soar, Morocco’s billionaire petro-PM faces heat
Morocco's Prime Minister Aziz Akhannouch, a billionaire petrol baron, is facing a growing online campaign demanding he step down as...
- Aziz Akhannouch, a billionaire petrol baron, is facing a growing online campaign demanding he step down as fuel prices -- and energy firms' profits -- surge.
- Morocco, which is heavily reliant on oil imports, insists it is doing its best to ease the economic impact of Russia's invasion of Ukraine and the ensuing shock to crude prices.
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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
Drone attack shuts Iraq oil field run by US company
Arbil, Iraq -- A drone strike forced a US company to suspend operations at an oil field in Iraq's autonomous...
Geostrategy
Company News
Goldman Sachs profits up 58%
Business
Latest News
In Davos, Chinese premier takes aim at trade ‘barriers’
World Economic Forum
The unexplained: Giant Swedish archive logs paranormal phenomena
The Archives for the Unexplained (AFU) claims to be the world's biggest library of paranormal phenomena, with 4.2 kilometers of...
Arts & Culture
US, Israel hold talks as Gaza truce plan fails at UN
Israel plans to send troops into Gaza's Rafah even without US support, Prime Minister Benjamin Netanyahu told Antony Blinken, as...
Geostrategy
UNSC to vote on new Gaza truce resolution after Russia, China veto US bid
The draft resolution, seen by AFP, "demands an immediate ceasefire" for the ongoing Muslim holy month of Ramadan that leads...
Geostrategy
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Geostrategy
Israel seizes 800 hectares of land in West Bank on Blinken’s arrival
Israel's Finance Minister Bezalel Smotrich declared as "state lands" the area in the northern Jordan Valley. Israeli settlement watchdog Peace...
- Settlements in the Palestinian territories are illegal under international law. Smotrich, who heads the extreme-right Religious Zionism party, lives in a settlement.
- They are now home to more than 490,000 Israelis, who live alongside around three million Palestinians in the territory.
Geostrategy
Finland to resume funding to UN agency for Palestinian refugees
Australia, Canada and Sweden, which were among those states, announced earlier this month they were resuming aid. Ten percent of...
- Finland suspended its yearly funding of five million euros in January, following Israel's allegations that 12 of the UN agency's 30,000 employees were involved in the Hamas attack
- Finland's minister Tavio said in a statement that preventing misconduct and initiating close monitoring give sufficient guarantees at this point for resuming the support
Business
Asian markets struggle as US data dents Fed rate cut optimism
Equities across the world had surged Thursday in response to the central bank's closely watched dot plot projection that it...
- All three main US indexes clocked up record highs for a second straight day on the back of a tech rally as traders contemplated an end to the era of two-decade-high rates.
- However, Asia struggled to maintain the momentum after a string of data reminded investors that the world's largest economy was still in rude health.