South Korean police raid president’s office
#South #Korean police raided President #Yoon Suk #Yeol's office as part of the investigation into his declaration of #martial law....
UAE to introduce 15% tax rate on corporate profit from Jan 2025
Dubai, United Arab Emirates -- The United Arab Emirates, home to the regional headquarters of numerous multinational companies, said Monday it...
Business
Business
Turkish Airlines restarts Libya flights after almost a decade
Istanbul, Turkey - Turkey's flagship carrier, Turkish Airlines, has resumed flights to Libya's capital, almost 10 years after they were suspended...
- The airlines's chief executive, Bilal Eksi, attended a ceremony at Mitiga International Airport on Thursday to mark its first flight to Libya since 2015.
- A company spokesman told AFP on Friday that Turkish Airlines will operate flights to Tripoli three times a week on Tuesdays, Thursdays and Sundays.
Geostrategy
US census to include Middle Eastern or North African category
The next US census and federal government forms will include new options for race and ethnicity including a category for...
- "These updated standards will help create more useful, accurate and up-to-date federal data on race and ethnicity," US Chief Statistician Karin Orvis said.
- These revisions will enhance the ability to compare data across federal agencies, and to understand how federal programs serve a diverse America.
Economy
US Federal Reserve’s preferred inflation gauge ticks up as fuel costs rise
WASHINGTON, US – The US central bank's favored measure of inflation edged higher last month on the back of rising fuel...
- The personal consumption expenditures price index rose at an annual rate of 2.5 percent in February.
- Much of the February increase in the cost of goods came from energy prices, which rose 2.3 percent from January.
Business
Iraq to import electricity from Jordan to ease its chronic outages
Baghdad, Iraq -- Iraq said Friday a power line would soon bring electricity from Jordan to the border area as authorities...
- With its generating capacity ravaged by decades of conflict and underinvestment, Iraq has long relied on imports of both gas and electricity from neighboring Iran.
- The 340-kilometre (210-mile) power line from Jordan will officially start operating on Saturday, the electricity ministry said in a statement.
Geostrategy
UAE extradites alleged drug baron from Dubai to Belgium
Brussels, Belgium -- One of Belgium's most-wanted suspected drug smugglers was extradited from Dubai on Friday, the Belgian justice ministry said.Nordin...
- Nordin El Hajjioui, a Belgian of Moroccan origin, is believed to be one of the main drug barons in Antwerp and is wanted in at least three cocaine-trafficking cases.
- Emirati officials first arrested the 36-year-old in 2020 in Dubai after a request from Belgium but then released him. He was taken back into custody last year.
Business
Huawei profit tops $12bn
The profits more than doubled compared to 2022.
- Huawei has been at the center of an intense standoff between China and the United States, with Washington warning its equipment could be used for espionage.
- Sanctions since 2019 have cut Huawei's access to US-made components and technologies, forcing it to diversify.
Geostrategy
Israeli strikes kill dozens in Syria and Lebanon, rile Russia and Iran
In Syria, "Israeli strikes" targeted a Hizbollah "rockets depot" in Aleppo province, killing 36 Syrian soldiers, seven Hezbollah members and...
- Moscow said they were "categorically unacceptable" while Iran said they were a "violation of Syria's sovereignty" and "a serious threat to peace and security".
- In Lebanon, Hizbollah has exchanged near-daily fire with the Israeli army across the country's southern border since October, saying it is in support of Gazans and Hamas.
Geostrategy
Turkey’s Erdogan seeks to wrest back Istanbul in mayoral election
Istanbul, Turkey--Recapturing Istanbul, the "jewel" of Turkey, in Sunday's local elections has become President Recep Tayyip Erdogan's obsession ever since losing...
- In 1994, Erdogan was elected mayor of the city, setting him up to become president of the country, a seat he continues to occupy
- He named former minister Murat Kurum as his mayoral candidate, entrusting him to reconquer Istanbul and consolidate his power
Geostrategy
Japan to restart funding to UN Palestinian refugee agency
Tokyo, Japan--Japan is preparing to resume funding to the UN's crisis-hit Palestinian refugee agency (UNRWA), which coordinates nearly all aid...
- Japan like many other countries paused funding after Israel claimed that 12 of UNRWA's 13,000 Gaza employees were involved in the deadly October 7 Hamas attack
- The UN has launched both an internal and an independent investigation but has said Israel has not provided it with any evidence to support the claim against the workers
What has gone wrong for Saudi-backed Newcastle?
Despite qualifying for the Champions League for the first time in 20 years, Newcastle still had to tread a fine...
- Eddie Howe's men are languishing in 10th place in the Premier League with 10 games to go and any hope of the club's first major trophy since 1969 is over for another year
- In a season in which the Premier League's profit and sustainability rules (PSR) have begun to bite, few clubs have been as affected as Newcastle
South Korean police raid president’s office
#South #Korean police raided President #Yoon Suk #Yeol's office as part of the investigation into his declaration of #martial law....
Company News
Latest News
Dubai’s night beaches a cool solution to summer heat
With temperatures regularly topping 40 degrees Celsius, outdoor activities are severely limited. More than one million people have visited the...
Geostrategy
Casino operator Wynn wins UAE’s first commercial gaming license
Dubai, United Arab Emirates -- US casino operator Wynn has received the first commercial gaming operator's license to be issued in...
Business
Israeli airstrikes escalate in Lebanon as UN and Macron demand urgent ceasefire and de-escalation
As Israeli airstrikes rock Beirut, the UN demands peace and hostages’ release, and Macron criticizes Israel’s military actions, warning against...
Geostrategy
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Geostrategy
Trump says he thinks Israel should ‘hit’ Iran nuclear facilities
The former president, speaking at a campaign event in North Carolina, referred to a question posed to Democratic President Joe...
- "When they asked him (Biden) that question, the answer should have been, hit the nuclear first, and worry about the rest later," Trump said
- Biden was asked on Wednesday whether he would support strikes against Iranian nuclear sites and the US president told reporters: "The answer is no."
Geostrategy
Updates: Israel attacks 2,000 sites in Lebanon, kills over 40 rescuers, and destroys hospitals
Israel has intensified its attacks against Lebanon striking emergency services and professionals - a possible war crime. Several hospitals in...
- Israeli bombing in Lebanon has killed more than 1,110 people and has displaced up to one million
- Turkish President Recep Tayyip Erdogan accuses Israel of "shamelessly" attacking UN chief Antonio Guterres
Geostrategy
Updates: Iran’s supreme leader says anti-Israel resistance will not back down
Ayatollah's rare address in Arabic follows Iran's second-ever direct attack on Israel; rallies held in Jordan and Bahrain in support...
- Speaking days ahead of Oct 7 attack anniversary, Khamenei defended the Palestinian group's "logical and legal" actions and hailed its "fierce defense" against Israeli forces.
- Beyond Tehran, crowds of protesters gathered in Jordan and in Bahrain, which both have ties with Israel, after Friday prayers in a show of support for Hamas and Hezbollah.