Mediators working to bridge gaps in faltering Gaza truce talks
The indirect negotiations in Qatar appear deadlocked after both sides blamed the other for blocking a deal for the release...
Geostrategy
Russia’s Lavrov visits Beijing to discuss Ukraine
Russian Foreign Minister Sergei Lavrov met Sunday in Beijing with his Chinese counterpart to discuss Ukraine and relations with the...
Geostrategy
Economy
Libya oil production returns to pre-blockade levels: official
Libya's oil production has returned to the volume recorded before a months-long blockade that paralysed the economy, official sources said...
- Oil production fell to around 400,000 barrels of crude per day during the mid-April to mid-July blockade
- On July 15, Libya's new oil chief lifted force majeure at all the country's oil fields and export terminals
Geostrategy
Israel deducts Palestinian tax money over militant support
The sum withheld, around $176m, would balance the amount the Palestinian Authority paid to the families of militants as financial...
- Israel collects around $190m a month in customs duties levied on goods destined for Palestinian markets that transit through Israeli ports. It transfers the funds to the PA.
- When Israel began implementing the law in 2019, the Palestinians in protest refused to receive all funds for eight months.
Geostrategy
Grain silos damaged in 2020 Beirut port blast partially collapse
Parts of Beirut's grain silos collapsed on Sunday, just days before the second anniversary of a catastrophic explosion at the...
- The silos damaged days before the second anniversary of a catastrophic explosion at the Lebanese capital's port that ravaged the stores and parts of the city.
- The structure had absorbed much of the impact of the blast on August 4, 2020 at Beirut's port that killed more than 200 people and injured more than 6,500.
Geostrategy
First grain cargo ship could leave Ukraine port Monday, says Turkey
A spokesman for the Turkish presidency said there was a "high probability" that a first ship carrying Ukrainian grain could...
- The resumption of exports was discussed in talks between the Turkish and Ukrainian defense ministers
- A Joint Coordination Centre is charged with controlling Ukrainian grain exports via the Black Sea
Economy
Saudi Arabia GDP climbs nearly 12% in Q2 on oil price hike
Saudi Arabia's year-on-year economic growth in the second quarter was 11.8 percent compared to the same period last year, according...
- Saudi Arabia's year-on-year economic growth in the second quarter was 11.8 percent compared to the same period last year
- The Middle East's largest economy has benefited from a spike in oil prices triggered by Russia's invasion of Ukraine
Business
Crypto lender’s meltdown crashes dreams
An Irishman at risk of losing his farm. An American having suicidal thoughts. An 84-year-old widow's lost life savings: People...
- Celsius owed $4.7 billion to its users, according to a court filing earlier this month
- Celsius clients reported heavy stress and feelings of deep shame for putting their money in the firm and now begging for refund
Economy
Lebanese struggle to find bread due to shortage of wheat
In bankrupt Lebanon, Khalil Mansour has to queue for hours every day just to buy bread for his family and...
- A bag of flat Arabic pitta-like bread now officially sells for 13,000 Lebanese pounds (43 US cents) and on the black market it costs more than 30,000
- Lebanese media carry frequent reports of fights breaking out at bakeries, and even shots fired by customers demanding more bread
Arts & Culture
Saudi women DJs strum a new tune
Standing behind her control tower with headphones around her neck, Saudi DJ Leen Naif segues smoothly between pop hits and...
- Women DJs, an unthinkable phenomenon just a few years ago in the kingdom, are becoming a relatively common sight in its main cities
- Naif and her peers embody two major reforms championed by Crown Prince Mohammed bin Salman: new opportunities for women and expanding entertainment options notably music
Geostrategy
Protestors stream into Iraq parliament with hot meals and tea
Volunteers shuttled back and forth in fleets of pickups to Iraq's normally secure Green Zone Saturday as protesters who occupied...
- Inside the parliament building, some protesters sat at lawmakers' desks while others milled about, raising their mobile phones to film the occupation
- In the gardens outside, protesters pitched a large camouflage tent by the entrance as women with children joined other supporters
Floods deepen misery in Iran as death toll rises to 80
At least 80 people have been killed and 30 others are missing in floods that have wreaked havoc across Iran...
- President Ebrahim Raisi visited flood-ravaged areas in Firouzkouh region east of the capital to assess the situation
- Videos and pictures posted by Iranian media and on social media showed houses and cars surrounded by grey mud, and people trying to recover their belongings
Most Read
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
Mediators working to bridge gaps in faltering Gaza truce talks
The indirect negotiations in Qatar appear deadlocked after both sides blamed the other for blocking a deal for the release...
Geostrategy
Company News
Five killed in clashes near Lebanon border
Geostrategy
Latest News
Meta, Microsoft slam Apple over app store policy
The four companies filed a rare joint amicus brief in a California court in charge of applying a ruling that...
Gold hits fresh record above $2,200 on rate cut hopes
The gains have been helped by a weaker dollar and the gold's attraction as a safe haven as geopolitical tensions...
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Geostrategy
Saudi Arabia to donate US$40m for UN agency in Gaza
The funds, according to the King Salman Humanitarian Aid and Relief Centre (KSrelief), would support UNRWA's "humanitarian relief efforts in...
- Israel accused some of UNRWA's employees of involvement in the October 7 Hamas attack
- The UN has said that Israel has not provided it with any evidence for the allegations
Business
White House announces $20bn in grants, loans to boost Intel chip production
Washington, United States - The White House unveiled almost $20 billion in new grants and loans Wednesday to support Intel's US...
- Wednesday's $8.5 billion direct funding announcement is the largest of any grant made so far under the $52.7 billion 2022 CHIPS and Science Act.
- The money will help incentivize Intel to make more than $100 billion worth of investments, which will be one of the largest investments ever in US semiconductor manufacturing.
Geostrategy
UN warns record e-waste in 2022 a catastrophe for environment
On average, every person on earth generates roughly 7.8 kilograms (17 pounds 3 ounces) of e-waste each year, said the...
- Less than one quarter of the 62 million tons of e-waste produced in 2022 was recycled, resulting in heavy metals, plastics and toxic chemicals leaking from junked devices
- The scourge is only going to worsen as demand for new technologies, including solar panels and electric vehicles, outpaces the ability to recycle, the report by UN says