Released pro-Palestinian protest leader sues Trump for $20 mn
Mahmoud Khalil, one of the most prominent leaders of US pro-Palestinian campus protests, sued the Trump administration Thursday for $20...
Geostrategy
The $10 mn bag: Original Birkin smashes records at Paris auction
Paris, France -- The first-ever Birkin bag designed by French luxury brand Hermes for celebrity Jane Birkin sold for 8.58...
Arts & Culture
Geostrategy
Chad rebels pull out of peace talks with military government
A host of Chadian rebel and political groups on Saturday withdrew from talks with the African nation's military government, accusing...
- A national peace dialogue intended to pave the way for elections would start on August 20,
- Chad is one of the world's poorest nations and the government said the talks were intended to end decades of unrest
Economy
Euro faces many hurdles on way to recovery against dollar
The euro's plunge against the dollar, triggered by the Ukraine war and mounting risks to the EU economy, has driven...
- French President Emmanuel Macron even said on Thursday that Russia was using energy "as a weapon of war"
- Like other central banks, the European Central Bank (ECB) is seeking to avoid stifling the economy by raising rates too sharply
Geostrategy
Morocco sex abuse case against French tycoon deepens
Morocco has detained a seventh suspect in a sexual abuse and trafficking case against French insurance tycoon Jacques Bouthier, while...
- Bouthier, 75 and one of France's richest men, is being held in Paris on suspicion of child rape and trafficking
- Five employees of Bouthier's insurance group Assu2000, later renamed Vilavi, were detained in Tangiers on July 6, while a sixth was charged but released
Geostrategy
‘Unrealistic policies to curb emissions could fuel inflation’
Saudi Crown Prince Mohammed bin Salman warned that unrealistic policies to curb emissions could fuel inflation, as he chaired a...
- Saudi Crown Prince Mohammed bin Salman said unrealistic policies to curb emissions could fuel inflation
- Last year, Saudi Arabia pledged ahead of the COP26 climate change summit to achieve net zero carbon emissions by 2060
Geostrategy
Biden invites United Arab Emirates president to US
US President Joe Biden on Saturday invited his UAE counterpart, Sheikh Mohamed bin Zayed Al-Nahyan, to visit the United States...
- US President Joe Biden invites his UAE counterpart, Sheikh Mohamed bin Zayed Al-Nahyan, to visit the United States
- The US President said he wanted the United Arab Emirates President to visit the United States this year
Geostrategy
Syria Kurds ask Russia, Iran to prevent Turkish offensive
The commander of US-backed Kurdish forces in Syria on Friday urged Russia and Iran to prevent Turkey from launching a...
- Turkish President Recep Tayyip Erdogan has warned that he may soon launch a new offensive in Syria against Kurdish fighters
- Iranian President Ebrahim Raisi is set to host Erdogan and Russian President Vladimir Putin on Tuesday
Biden announces $1 bn in food aid for Middle East: US official
The president will announce today that the United States has committed $1 billion in new near to long-term food security...
- The president will announce today that the United States has committed $1 billion in new near to long-term food security assistance for the Middle East
- US President Joe Biden is set to discuss volatile oil prices during a summit with Arab leaders on Saturday in Saudi Arabia
Geostrategy
Peacekeepers to leave strategic Red Sea island by year’s end: White House
A multinational peacekeeping force will leave a strategic Red Sea island by the end of the year, the White House...
- The move appeared to be a precursor to formally transferring control of Tiran and another island, Sanafir, to Riyadh
- The two islands –- both barren and uninhabited –- have been a source of conflict in the past thanks to their key location at the entrance to the Gulf of Aqaba
Economy
Libya oil firm lifts force majeure at terminals, groups end blockade
Force majeure is a legal measure allowing companies to free themselves from contractual obligations in light of circumstances beyond their...
- Force majeure is a legal measure allowing companies to free themselves from contractual obligations in light of circumstances beyond their control
- Groups demanding more "equitable distribution" of the country's oil revenues had since mid-April blockaded six oil fields and export terminals
Business
Rattled and uncertain of its future, Twitter stumbles on
Just days before the first court hearing in Twitter's lawsuit seeking to force the Tesla boss to close the $44...
- Just days before the first court hearing in Twitter's lawsuit seeking to force the Tesla boss to close the $44 billion deal, the firm is stuck in limbo
- Musk once had potential Twitter investors salivating with his talk of growing revenue fivefold and aiming for a billion users by 2028
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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
Released pro-Palestinian protest leader sues Trump for $20 mn
Mahmoud Khalil, one of the most prominent leaders of US pro-Palestinian campus protests, sued the Trump administration Thursday for $20...
Geostrategy
Company News
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Honda unveils futuristic EV series
Geostrategy
Iran signs deals worth US$13bn to boost oil production
The oil ministry and Iranian businesses signed deals worth $13 billion to increase daily oil production in six major fields....
Business
Israeli PM says civilians can leave crowded Rafah before invasion
Israel has repeatedly threatened a ground offensive against Hamas in Rafah, where people shelter in tents crammed up against the...
Geostrategy
German Chancellor calls for Gaza deal with ‘longer-lasting ceasefire’
JERUSALEM – German Chancellor Olaf Scholz on Sunday called for a deal to free hostages held in war-ravaged Gaza accompanied...
Geostrategy
Most Read
Geostrategy
Iran signs big contracts to increase oil production
Iran sealed contracts worth billions of dollars with domestic companies to boost its oil production in the face of Western...
- Iranian Oil Minister Javad Owji had said that oil production would reach 3.6 million barrels per day by the end of the Persian year on March 19.
- Iran's oil sector suffered a blow in 2018 when Western sanctions were reimposed, forcing foreign companies to leave the country,
Geostrategy
UN envoy urges Syria to rejoin Geneva constitution talks
Damascus, Syria -- Visiting United Nations special envoy for Syria Geir Pedersen urged Damascus Sunday to rejoin talks to revise the...
- Syria's war, which began 13 years ago with the repression of pro-democracy protests, has killed more than 500,000 people.
- Geir Pedersen has been trying to make progress with a so-called constitutional committee for Syria to rewrite or amend the war-torn country's constitution since October 2019.
Geostrategy
European Union and Egypt to sign $8 billion funding package
Cairo, Egypt -- The European Union, which is seeking to stem the inflow of irregular migrants, announced Sunday a 7.4 billion...
- It will include billions in loans over coming years and aims to step up Egyptian energy imports to help Europe "move further away from Russian gas" amid the Ukraine war.
- Egypt already hosts around 9 million migrants and refugees, including 4 million Sudanese and 1.5 million Syrians, according to the UN's International Organization for Migration.