Trump says US will send Ukraine Patriot air defense systems, and may sanction Russia
President Donald Trump on Sunday said Washington would send Patriot air defense systems to Kyiv and hinted at new sanctions...
Geostrategy
UAE extradites 3 suspects to Belgium over alleged organized crime links
Dubai, United Arab Emirates -- Police in Dubai said three individuals accused of a litany of crimes, including drugs and...
Geostrategy
Economy
Algeria, Nigeria, Niger discuss gas pipeline to Europe
The Trans-Saharan Gas Pipeline (TSGP) would transport billions of cubic metres of gas some 4,128 kilometres (2,565 miles) from Nigeria...
- The Trans-Saharan Gas Pipeline (TSGP) would transport billions of cubic metres of gas some 4,128 kilometres (2,565 miles) from Nigeria in West Africa
- Algeria, Africa's largest natural gas exporter, has already seen increased demand following Moscow's invasion of Ukraine
Geostrategy
More protests or fresh polls? Iraq mulls political paralysis
The storming of Iraq's parliament by hundreds of supporters of populist Shiite cleric Moqtada Sadr has piled pressure on his...
- Sadr's bloc won 73 seats in October last year, making it the largest faction in the 329-seat parliament, but still short of a majority.
- But last month Sadr's 73 lawmakers quit in a move seen as seeking to pressure his rivals to fast-track the establishment of a government.
Business
TotalEnergies doubles Q2 profit
Rising oil, gas prices are yielding bumper profits across the sector.
- TotalEnergies profit amounted to $5.8 billion in the period from April to June.
- TotalEnergies second-quarter sales were up 37 percent at 74.8 billion euros.
Arts & Culture
Saudi prince stays in ‘world’s most expensive home’
The Chateau Louis XIV in Louveciennes outside Paris is a new-build mansion, which was bought by Mohammed bin Salman in...
- The 7,000-square-metre property was bought by an undisclosed buyer in 2015 for 275 million euros ($300 million at the time).
- Bin Salman, 36, was reported two years' later by The New York Times to be the ultimate owner.
Science
NASA details plans to bring back Mars rock samples
The Perseverance rover, which landed on Mars in February 2021, has so far collected 11 samples as part of its...
- The Perseverance rover, which landed on Mars in February 2021, has so far collected 11 samples as part of its hunt for signatures of ancient life
- The lander, which should launch from Earth in 2028 and land on Mars in mid-2030, will also carry two mini helicopters
Geostrategy
Macron hosts Saudi crown prince in Paris, to discuss energy supply
French President Emmanuel Macron is hosting Saudi Arabia's Crown Prince Mohammed bin Salman for talks in Paris on Thursday. The...
- The topics set to loom over the meeting include energy supply as concern grows over possible power shortages due to the Russian invasion of Ukraine
- The kingdom is seen by many in the West as an essential partner due to its energy resources, purchases of weaponry and staunch opposition to Iran's theocratic regime
Business
Facebook’s Meta posts first-ever revenue drop
Facebook-parent Meta reported on Wednesday its first quarterly revenue drop and a plunging profit as the social media powerhouse battles...
- Meta however reported an increase in daily Facebook users to 1.97 billion, defying analysts' predictions of a drop
- Meta is focused on building its metaverse vision for the internet's future, betting heavily on the interactive virtual world
Economy
High energy prices help Russia weather damaging sanctions: IMF
Despite damaging Western sanctions imposed on Moscow in the wake of the invasion of Ukraine, Russia's economy appears to be...
- Sanctions were meant to sever Russia from the global financial system and choke off funds available to Moscow to finance the war.
- International Monetary Fund's latest World Economic Outlook upgraded Russia's GDP estimate for 2022 by 2.5 percentage points.
Economy
Don’t let inflation ‘genie’ out of the bottle: IMF economist
With price surges in major economies approaching 10 percent, central banks must stay the course and continue to raise interest...
- With price surges in major economies approaching 10 percent, central banks must continue to raise interest rates until inflation retreats, the IMF's chief economist said
- Soaring prices for food and fuel, exacerbated by the war in Ukraine, have been squeezing family budgets worldwide, and even leading to unrest in some countries
Economy
Turkey to drill for gas in Mediterranean early next month
Turkey will resume gas exploration off its coast in the Mediterranean on August 9, the energy ministry said Tuesday. "Turkish...
- The EU came close to sanctioning Ankara in 2020 for pushing into contested east Mediterranean waters in search of fresh natural gas reserves
- Turkey disputes its maritime borders in the eastern Mediterranean with EU members Greece and Cyprus
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
Trump says US will send Ukraine Patriot air defense systems, and may sanction Russia
President Donald Trump on Sunday said Washington would send Patriot air defense systems to Kyiv and hinted at new sanctions...
Geostrategy
Company News
Cairo arts center razed for Old City makeover
Arts & Culture
Latest News
Afghanistan blames ‘politics’ as Australia cancels T20 tour in UAE
The Afghanistan Cricket Board urged the Australian government "not to impose its policies on cricket boards" and "focus on supporting...
Microsoft hires DeepMind co-founder to lead AI unit
Of all the tech giants, Microsoft has moved the fastest into adopting generative AI, integrating its powers into a whole...
Hate crimes surge 32 percent in France following Gaza war: Govt
Police recorded 8,500 crimes and misdemeanors "committed because of the ethnicity, nationality, supposed race or religion" of the victim across...
Geostrategy
Most Read
No oil and gas majors aligned with climate targets: report
An A grade would be potentially aligned with the goals of the 2015 Paris Agreement to limit temperature rise to...
- The assessment of the 25 largest listed fossil fuel firms by the think-tank Carbon Tracker is designed to enable investors to judge whether the firms are in line with international
- At the bottom of the Carbon Tracker list were Saudi Aramco, Brazil's Petrobras, and the US's ExxonMobil, all rated G. The US firm Conoco Phillips was given an H
Business
Google hit by US$272m fine in France
It breached an agreement on terms for paying media firms.
- French regulators said the fine was for "failing to respect commitments made in 2022" and accused it of not negotiating in "good faith" with news publishers
- France has been a test case for the rules and after initial resistance Google and Facebook agreed to pay some French media for articles shown in web searches
Geostrategy
Libya closes Tunisia border crossing after outbreak of clashes
Tripoli, Libya--Libya ordered the "immediate" closure of its main border crossing with Tunisia on Tuesday following clashes between armed groups and...
- According to Libya's interior ministry, it ordered the closure of the post "after outlaw groups attacked the post in order to create chaos"
- Armed clashes began on Monday night between armed groups who control Ras Jedir and security forces sent by Tripoli, as per media reports