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
Iran says cooperation with UN nuclear watchdog will take ‘new form’
Iran has blamed the IAEA in part for the June attacks on its nuclear facilities, which Israel says it launched...
Geostrategy
Business
Sono Motors, German start-up, to roll out solar car next year
The Sion, a five-person family car covered completely in solar panels, should enter into serial production in the second half...
- The car, which boasts a battery range of 305 kilometers, is aimed at families as well as car sharing services
- The large black Sion hatchbacks are covered with 456 solar cells which allow it to generate on average enough electricity over a week to power the car 112 kilometers
Geostrategy
Thaw and redraw: melting glacier moves Italian-Swiss border
Way up in the snowy Alps, the border between Switzerland and Italy has shifted due to a melting glacier, putting...
- Former Swisstopo chief Jean-Philippe Amstein said such disputes are typically resolved by exchanging parcels of land of equivalent surface area and value
- In this case, "Switzerland is not interested in obtaining a piece of glacier," he explained, and "the Italians are unable to compensate for the loss of Swiss surface area."
Economy
Iraqi Kurd farmers battle drought as Lake Dukan retreats
The artificial lake was created in the 1950s following construction of the Dukan dam, to supply irrigation and drinking water...
- The artificial lake was created in the 1950s following construction of the Dukan dam, to supply irrigation and drinking water for the region, as well as generate electricity
- With rainfall becoming a rarity and after three successive years of drought, Iraq has been forced to halve the area it devotes to agriculture
Morocco retrieves eight migrant bodies off its coast
Moroccan authorities on Monday retrieved the bodies of eight migrants off the southern shores of the North African kingdom, local...
- Their inflatable boat sank near the coastal town of Akhfennir in Tarfaya province as it tried to reach Spain's Canary Islands
- Almost 1,000 migrants died or were reported missing at sea in the first half of the year as they tried to reach Spain, rights group said
Business
Algeria discovers oil and gas fields in Sahara desert
Algerian state oil firm Sonatrach announced on Monday new oil and gas discoveries in the North African country's Sahara desert,...
- The energy company said that gas deposits were found in the Illizi Basin
- On July 19, Eni, US major Occidental, France's Total and Sonatrach signed a $4 billion oil and gas production-sharing contract for the Berkine field
Business
Rockets hit Emirati-owned gas complex in north Iraq
Three Katyusha rockets hit a gas complex in Iraq's autonomous Kurdistan region on Saturday, a local official said, in the...
- In June, the site owned by UAE energy company Dana Gas was targeted three separate times by rockets that did not cause casualties or damage
- The gas field lies between the cities of Kirkuk and Sulaimaniyah, in a region administered by Kurdish authorities
Geostrategy
Saied supporters welcome vote on Tunisia constitution
Its detractors say Tunisia's draft constitution will give President Kais Saied unchecked powers, but for voter Baya, that's a welcome...
- Saied came under fire for giving a speech on Monday urging a yes vote for "a new republic based on genuine freedom, justice and national dignity."
- Saied's opponents, including the Islamist-inspired Ennahdha party that had dominated Tunisian politics since 2011, called for a boycott of vote
Business
Natural gas a weapon of war between Russia and Europe
Natural gas has emerged as a weapon of war between Russia and Europe since Moscow's February 24 invasion of Ukraine....
- On February 22, 2022, German Chancellor Olaf Scholz says he is suspending the Nord Stream 2 pipeline project with Russia.
- On March 23, Russian President Vladimir Putin bans European gas customers from paying their bills in dollars and euros.
Business
Condor orders 41 jets
The airline is buying aircraft using less fuel.
- The order is for 13 A320 and 28 A321 jets fitted with Pratt & Whitney engines for delivery starting in Spring 2024, Condor and Airbus said in a joint statement.
- The catalogue price is about 5.0 billion euros ($5.1 billion) but the final purchase price usually differs due to possible discounts offered to big-ticket customers.
Business
French, UK satellite firms eye tie-up to create ‘global champion’
French satellite operator Eutelsat said on Monday it was in talks with British counterpart OneWeb for a tie-up to create...
- French satellite operator Eutelsat already provides some internet services through a deal with telecoms firm Orange.
- "Potential all-share combination" would "create a global leader in connectivity", Eutelsat said.
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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
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
Company News
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Oil prices rise after US, UK strike Houthi rebels
Market Report
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...
Geostrategy
Govt source: Canada halting arms shipments to Israel
On Monday, the Canadian Parliament passed a nonbinding resolution calling for the international community to work toward a two-state solution...
Geostrategy
Hamas leader blames Israel for sabotaging truce talks
Ismail Haniyeh said that the Israeli actions at Al-Shifa Medical Complex "confirm their intent to obstruct the recovery of life...
Geostrategy
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Geostrategy
Israel strikes ammunition depot of Hizbollah in Syria
Beirut, Lebanon - Israeli raids hit warehouses storing weapons for the Lebanese Hizbollah group in Syria Tuesday, a war monitor said,...
- The Syrian Observatory for Human Rights said the latest strikes near the capital Damascus Tuesday had destroyed weapons and ammunition
- The Britain-based Observatory said it was the second such strike in two days, coming after raids on Sunday hit another Hizbollah weapons depot
Economy
Federal Reserve begins two-day talk on interest rates
Washington, United States - The US Federal Reserve began two days of discussions on Tuesday at which policymakers are expected to...
- It will culminate on Wednesday afternoon with the publication of the interest rate decision, along with an updated summary of economic projections (SEP)
- The Fed has raised interest rates to a 23-year high of between 5.25 and 5.50 percent as it looks to return inflation firmly to its long-term target of two percent
Geostrategy
S.Africa says Israel war undermining top UN court
South Africa's top diplomat accused Israel of setting a precedent for leaders to defy the top UN court, as she...
- South Africa has again petitioned the court in The Hague to order measures for Israel to stop "widespread starvation".
- Israel hit out as the South African plea as "outrageous" and "morally repugnant," pointing to its initiatives, including humanitarian pauses in fighting.