Trump says ‘no extensions’ to Aug 1 tariff deadline
While Trump imposed a sweeping 10 percent tariff on goods from almost all trading partners in April, higher rates customized...
Geostrategy
US revoking terrorist designation for Syria’s HTS
An armed coalition led by HTS leader Ahmed al-Sharaa overthrew then-Syrian president Bashar al-Assad in December, ending half a century...
Geostrategy
Economy
Algeria jails Bouteflika-era energy minister for 20 years
An Algerian appeals court on Tuesday upheld a 20-year prison sentence for corruption against Chakib Khelil, energy minister for a...
- Khelil, now 82, quit his post in 2010 and moved to the US after being associated with a scandal involving high-ranking Sonatrach officials who were later jailed
- He returned to Algeria in 2016 after the cases were dropped - then left again after Bouteflika's resignation in 2019 that sparked investigations into graft by his officials
Geostrategy
US sanctions Russia’s defence sector, bans its gold import
United States is seeking to crack down on Russians seeking to skirt existing sanctions by "covertly" acquiring US, Japanese and...
- The sanctions target state company Rostec and other firms critical to the defense industry.
- The new moves blacklist 70 entities and 29 individuals, which freezes all the USA held assets.
Geostrategy
US, Iran chief negotiators to start nuclear talks in Qatar
US special envoy Robert Malley and Iran's Ali Bagheri have landed in Doha and met officials after more than a...
- The Doha talks come just two weeks before US President Joe Biden visits the region for the first time since taking office.
- The deal has been hanging by a thread since 2018, when then US president Donald Trump unilaterally withdrew from it.
Arts & Culture
Iran craftsmen make ‘world’s largest’ kilim
Produced by the weavers in southern Fars province, the rug measures an enormous 1,100 square feet. It was commissioned by...
- Kilims, which are flat and not knotted, have traditionally been woven by hand by nomads in Turkey, the Caucasus, Iran, Afghanistan and Turkmenistan, for use in tents.
- The export of Iran's world-renowned carpets raise between $400 million and $500 million a year.
Israel to dissolve parliament, hold new elections
The Israeli parliament unanimously approved early Tuesday a draft bill to dissolve parliament, a key legislative step that pushes the...
- The Bennett coalition said it wanted quick approval of the law after he announced last week that his year-old alliance was no longer tenable
- Netanyahu and his allies have been holding talks seeking to form a new Netanyahu-led government within the current parliament
Geostrategy
Indian police arrest journalist, a critic of Modi
Indian police on Monday arrested the co-founder of a top fact-checking website who has been a vocal critic of Prime...
- Mohammed Zubair was arrested in Delhi after being called in for questioning in an earlier case
- Most government critics however see Zubair's arrest as part of a crackdown on free-speech and rights activists
Geostrategy
Iran signals approval for Turkey’s military operation in Syria
Iran's foreign minister signaled that Tehran would not oppose a new proposed Turkish military operation targeting outlawed Kurdish militants in...
- Erdogan has said he expects Turkey's allies to "understand and respect" the proposed military campaign
- Turkish president has confirmed that the offensive on Syria would begin "as soon as our preparations are finished"
Business
Turkey supplies combat drones to Ukrainian army
Turkish drone-manufacturer Baykar, which has President Recep Tayyip Erdogan's son-in-law as one of its directors, offered three of its drones...
- Turkey has never announced any military aid to Ukraine, but this delivery could hardly take place without Erdogan's endorsement
- Ukraine has already said that the Turkish drones it had at the start of the war had proved their worth against the Russian forces
Business
Algeria discovers ‘important’ gas deposit in Sahara desert
Algerian state energy firm Sonatrach announced Monday the discovery of an "important" deposit of gas condensate in the Hassi R'mel...
- The deposit is estimated to have between 100 and 340 billion cubic metres of gas condensate
- In May, the Algerian firm signed a memorandum of understanding with Italian giant Eni to boost gas exploration in the North African country
Business
Oil prices climb up as Wall Street stocks post losses
Oil prices bounced and Wall Street stocks declined Monday, reversing the most recent trends as markets eye the end of...
- The broad-based S&P 500, which has fallen about 14 percent since the end of the first quarter, shed 0.3 percent on Monday
- Economists are increasingly pessimistic about the potential for US policymakers to engineer a "soft landing" as central banks tighten monetary policy
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 ‘no extensions’ to Aug 1 tariff deadline
While Trump imposed a sweeping 10 percent tariff on goods from almost all trading partners in April, higher rates customized...
Geostrategy
Company News
Telefonica to cut 3,421 jobs
Business
Latest News
Scores wounded as UN aid agency’s warehouse ‘hit’ in Gaza
The incident comes amid mounting concern about worsening humanitarian conditions in Gaza, where Israel has carried out relentless military operations...
Geostrategy
Pilot project for direct aid delivery to north Gaza begins: Israeli army
Aid groups have been warning of the risk of famine in besieged Gaza for weeks, and the UN has reported...
Inditex posts record net profit
Inditex, the world's biggest fashion retailer, is owned by Zara.
Most Read
Suspected gas explosion rocks town in northern China
Footage online circulated by state media showed a huge explosion that sent plumes of smoke and fire across a busy...
- The blast took place around 7:55 am, CCTV said, in a residential area in the village of Xiaozhanggezhuang, Yanjiao, in Sanhe City
- The injured have been taken to the hospital, and the current situation of casualties is unknown," local media said
Business
Volkswagen profit up
It delivered some 9.2 million cars to customers in 2023.
- Its profit rose 13.1 percent to $19.6 billion from the previous year
- The German auto giant expects vehicle deliveries to advance this year
230,000 children, new mothers risk dying of hunger in Sudan: NGO
The bombing and destruction of fields and factories have plunged Sudan into "one of the worst" nutrition situations in the...
- Nearly 11 months of fighting between the forces of two rival generals has killed thousands and displaced eight million people in the country.
- The UN World Food Program sounded the alarm on Sudan this month, warning the war risked triggering the world's largest hunger crisis.