Two months after ending struggle against Turkey, Kurdish PKK fighters to begin disarming at key ceremony
Founded in the late 1970s by Abdullah Ocalan, the PKK took up arms in 1984, beginning a string of bloody...
Geostrategy
Arts & Culture
France demands release of three arrested Iranian filmmakers
France has expressed deep concern at the "arbitrary" arrests of three Iranian filmmakers, including international prize-winners Jafar Panahi and Mohammad...
- Paris has called on Tehran to respect international commitments to "guarantee the full exercise of freedom of expression and creation"
- Despite political pressures, Iran has a thriving film industry and the country's output regularly wins awards at major international festivals
Business
Biden to focus on oil at summit with Arab leaders in Jeddah
US President Joe Biden is set to discuss volatile oil prices during a summit with Arab leaders on Saturday in...
- Biden landed Friday in Saudi Arabia and met with King Salman, Crown Prince Mohammed bin Salman and other top Saudi officials
- Washington wants the world's largest exporter of crude to open the floodgates to bring down soaring gasoline prices, which threaten Democratic chances in November elections
Business
Equities climb up on back of high US consumer spending
Stocks soared Friday after retail sales data showed that US consumers continue to spend more in the latest signal of...
- Better-than-expected results from Citigroup also helped temper concerns about what lies ahead for investors as more companies report second-quarter results
- Oil prices rebounded, after slumping Thursday on recession fears
Business
EU car sales down 14 percent in H1 as supply shortages persist
EU auto sales slumped by 14 percent in the first half of this year, data showed Friday, as supply shortages...
- With the lack of computer chips still hobbling production, new auto sales slumped to 4.6 million in the European Union.
- Sales in Italy tumbled by 22.7 percent, by 16.3 percent in France, 11 percent in Germany and 10.7 percent in Spain.
Business
Lufthansa expects best quarter results
The airline expects to book an operating profit of "between $352m and $403m.
- In May, Lufthansa said it was "on track" over the year, despite the personnel shortage and the rising price of fuel.
- Lufthansa's revenues in the second quarter had "more than doubled" to 8.5 billion euros in the space of 12 months.
Business
US stocks rise on strong retail sales, positive Citigroup results
Wall Street stocks rose early Friday as markets cheered unexpectedly strong US retail sales and better-than-expected results from Citigroup. After...
- About 35 minutes into trading, the Dow Jones Industrial Average was up 1.5 percent at 31,074.83.
- Among individual companies, Citigroup surged 7.8 percent after reporting better-than-expected earnings.
Geostrategy
Algeria-Tunisia border crossings reopen after two years of closure
After two years of closure, nine border crossings between Tunisia and Algeria reopened at midnight on Thursday. The decision to...
- Authorities expect more than a million Algerian visitors, most of them tourists, to enter Tunisia during the summer months.
- Algerians typically travel to Tunisia for tourism, visiting the popular seaside resorts of Annaba and Constantine, to visit family or to undertake medical treatment
Economy
G20 finance ministers, top bankers warn of energy crisis
Other issues to be tackled by the ministers include digital financial inclusion –- with more than a billion of the...
- The two-day meeting on the resort island of Bali started under the shadow of a war that has roiled markets, spiked food prices
- Top global finance figures, including US Treasury Secretary Janet Yellen, will discuss the rebound from the coronavirus pandemic
Geostrategy
US warns against conflict as Libya appoints new chief for key oil firm
Libya's government replaced the head of the key National Oil Corporation on Thursday in a dramatic move that prompted the...
- The unity government of Abdulhamid Dbeibah has appointed former central banker Farhat Bengdara to replace NOC head and veteran technocrat Mustafa Sanalla
- The US embassy, which is following developments "with deep concern", says that the National Oil Corporation is vital to Libya's "stability and prosperity"
Business
Bot battle: The tech that could decide Twitter’s Musk lawsuit
The information Twitter has or has not provided on its tally of fake or spam accounts is Musk's stated reason...
- The information Twitter has or has not provided on its tally of fake or spam accounts is Musk's stated reason for backing away from the deal
- Twitter's lawsuit, which urges a court to force Musk to honor his buyout offer, could result in a trial or settlement talks
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
Two months after ending struggle against Turkey, Kurdish PKK fighters to begin disarming at key ceremony
Founded in the late 1970s by Abdullah Ocalan, the PKK took up arms in 1984, beginning a string of bloody...
Geostrategy
Company News
Honda unveils futuristic EV series
Geostrategy
Latest News
GSK to buy Aiolos Bio
Business
Attack on Gaza’s Rafah inevitable, says Israeli PM
Israeli Prime Minister Benjamin Netanyahu vowed to send ground forces into Gaza's southern Rafah city. The right-wing premier, whose security...
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...
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...
Geostrategy
Most Read
WHO calls on Israel to halt planned assault on Rafah
Israel's Prime Minister Benjamin Netanyahu approved the military's "plans for action in Rafah", according to a statement Friday, which gave...
- WHO chief wrote on X that he wa gravely concerned about reports of an Israeli plan to go into Rafah
- He said an evacuation planned by the Israeli army before its assault was not a practical solution
Economy
US Fed to provide fresh clues on rate cuts after uptick in inflation
The Fed has raised interest rates to a 23-year high of between 5.25 and 5.50% as it looks to return...
- After two days of discussions, the Fed will publish an updated summary of economic projections (SEP) alongside its rate decision on Wednesday,
- Officials at the US central bank -- led by Fed chair Jerome Powell -- have urged caution about cutting interest rates too quickly, and said they will follow a "data-dependent" path
Geostrategy
Afghanistan bus-oil tanker collision kills 21, injures 38
Kabul, Afghanistan--Twenty-one people were killed and 38 injured on Sunday in southern Afghanistan's Helmand province when a bus collided with an...
- The provincial information department said the accident took place on the Herat-Kandahar highway in Grishk district of Helmand province
- Images shared by the department on social media showed charred, twisted metal scattered across the highway and the crushed cabin of the tanker