BRICS call for ‘unconditional’ Gaza ceasefire, condemn air strikes on Iran
The BRICS also called for a "full withdrawal of Israeli forces from the Gaza Strip and all other parts of...
Geostrategy
Gaza truce talks: Netanyahu says sending a team to Qatar after Hamas nod
But Netanyahu, who is due to meet with President Donald Trump in Washington on Monday, said the Palestinian group's proposals...
Geostrategy
Geostrategy
Saudi crown prince to visit Turkey on June 22: Turkish official
Saudi Crown Prince Mohammed bin Salman will visit Turkey on June 22, a Turkish official said on Friday. The details...
- Turkish President Recep Tayyip Erdogan had already paid a visit to Saudi Arabia in late April, where he met the prince before travelling to Mecca
- According to the Turkish official, other details related to Saudi crown prince visit will be announced "over the weekend"
Economy
WTO strikes landmark deals package after tense talks
The World Trade Organization concluded hard-won deals Friday on fishing subsidies, food insecurity and Covid-19 vaccines in a landmark bundle...
- The ministerial conference also agreed on deals on e-commerce, responding to pandemics and reforming the organisation itself
- The last ministerial conference in Buenos Aires in December 2017 was seen as a flop after failing to strike any heavyweight deals
Business
Musk sued for $258 bn over dogecoin promotion
An investor in dogecoin, originally created as a joke but whose value increased and fell as it was promoted by...
- Since Musk began promoting the virtual currency, investors have lost around $86 billion, Keith Johnson, an investor, estimates
- Founded in 2013, dogecoin's creators say it was intended as an ironic response to two big internet phenomena: cryptocurrencies, and a meme image of a Shiba Inu dog
Business
Gazprom defends gas cuts as energy prices soar
Gazprom CEO Alexei Miller said that Moscow will play by its own rules after cutting daily gas supplies to Germany...
- Gazprom CEO Alexei Miller said that Moscow will play by its own rules after cutting daily gas supplies to Germany and Italy
- Italian energy giant Eni also reported problems, saying it will receive only 65 percent of the gas requested Thursday from Gazprom
Geostrategy
Biden visit a shot in the arm for Saudi crown prince
As Saudi Arabia's Crown Prince Mohammed bin Salman prepares to mark five years as de facto leader, he is finally...
- Following the visits by Emmanuel Macron, Boris Johnson, and Erdogan, the planned meeting with Biden is a major validation of the Crown Prince
- Perhaps the most significant element of Prince Mohammed's Vision 2030 reform agenda is his bid to remake an economy long dependent on oil
Geostrategy
Israel ‘concerned’ over Iran airlines ‘activities’ in LatAm
The Boeing 747 cargo plane, reportedly carrying car parts, has been held at an Argentine airport since Wednesday last week.
- The Boeing 747 cargo plane, reportedly carrying car parts, has been held at an Argentine airport since Wednesday last week
- On Monday, Argentine officials raised suspicions of a link between the flight and Iran's Revolutionary Guards, listed as a "terrorist organization" by the US
Economy
Fuel prices hit record highs in Morocco
Petrol prices rose to record highs in Morocco on Thursday, fuelling anger among unions who demanded the government of energy...
- Morocco has seen months of rising prices and growing calls for caps on energy firms' profits
- The government has so far refused to reinstate fuel subsidies removed in 2015, but has doubled its budget for subsidising cooking gas
Economy
Bank of England hikes interest rate for fifth consecutive time
British economic output declined for the second month in a row in April, weighed down by rocketing prices that are...
- BoE policymakers agreed at a regular meeting to increase the cost of borrowing by a quarter-point to 1.25 percent.
- Pound fell 1 percent against the dollar following the announcement, one day after the Federal Reserve hiked US interest rates.
Business
Qatar Airways posts record profit
The profit result was "200 percent above its highest annual historical profit".
- Qatar Airways, the Middle East's second biggest airline after Emirates, had reported in September last year an overall loss of $4.1 billion in the 2020-2021 financial year.
- The Qatari airline said it carried 18.5 million passengers in 2021-2022, an increase of 218 percent over the previous 12-month period.
Business
Iraq settles $1.6 billion payment of Iranian gas imports
The debt dates back to 2020, but payment was stalled amid sanctions against Iran by the United States.
- Baghdad had been scheduled to pay that amount to Tehran before the start of June.
- Tehran has repeatedly cut off gas supplies to force Baghdad to pay off its debts.
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
BRICS call for ‘unconditional’ Gaza ceasefire, condemn air strikes on Iran
The BRICS also called for a "full withdrawal of Israeli forces from the Gaza Strip and all other parts of...
Geostrategy
Company News
Latest News
Israel’s PM rejects Biden critique of war policy in Gaza
His comments came one day after Biden said Netanyahu "must pay more attention to the innocent lives being lost as...
Geostrategy
Nolan’s masterpiece ‘Oppenheimer’ wins best picture Oscar
Hollywood, United States - It is, in the words of its director, the story of the most important person who ever...
Saudi king calls for end to ‘heinous crimes’ in Gaza
In his Ramadan message, King Salman while giving thanks for the blessings bestowed upon the kingdom said the war in...
Geostrategy
Most Read
Business
Cryptocurrency Ether witnesses meteoric rise since launch
NEW YORK, US – Bitcoin has captured the limelight in recent weeks as it surged to a new record high, yet...
- Launched in 2015, Ether is by far the second-largest digital currency in terms of total value, now estimated at over $460 billion.
- Bitcoin's rise has been well-documented, but Ether's has been even more impressive, surging almost 72 percent year to date.
Geostrategy
Led by Elon Musk, Silicon Valley tech titans make rightward turn
Washington, United States -- Since his tumultuous takeover of Twitter, Elon Musk has made an unabashed turn to the right politically,...
- Musk's politics are now hardline right wing as he uses his platform (now called X) to stoke the themes cherished by Fox News, conservative talk radio and far right movements.
- Musk is not alone: other Silicon Valley mavens are also defending conservative causes, making noise in what electorally remains a liberal stronghold.
Geostrategy
Hizbollah fires dozens of rockets at Israel after deadly strikes
Hizbollah said it had fired dozens of rockets into northern Israel after Israeli strikes the day before left five dead...
- Meron is home to a major air control base that the Iran-backed group has targeted several times since the start of the year.
- Hizbollah said it had acted "in response to Israeli attacks against villages in the south and the homes of civilians".