Iran offers US new proposal to reopen Strait of Hormuz, end war: report
Iran has conveyed a fresh proposal to the United States through Pakistani intermediaries, seeking an agreement to reopen the Strait...
Geostrategy
Strait of Hormuz disruption threatens trade flows: UNCTAD
UNCTAD data shows Brent crude oil prices rose above $90 per barrel, while natural gas prices also increased sharply after...
Geostrategy
Geostrategy
Trump says ‘nothing’ will jeopardize Gaza ceasefire after Israeli strikes kill 38 people
Trump defended Israel's actions on Wednesday, saying it "should hit back" if Israeli soldiers were killed, but added that "nothing's...
- Prime Minister Benjamin Netanyahu ordered "powerful strikes" on Gaza, after his defence minister accused Hamas of attacking Israeli troops in Gaza
- While Israel Katz did not say where the troops were attacked, Hamas said its fighters had "no connection to the shooting incident in Rafah" and reaffirmed its commitment to the US
Geostrategy
Iran proposes regional currency to boost trade
Tehran, Iran -- Iranian President Masoud Pezeshkian on Tuesday proposed that Iran and its regional trading partners establish a shared...
- Years of international sanctions, largely imposed by the United States over Tehran's nuclear programme, have severely weakened Iran's economy.
- "Even a common currency could be adopted in the region to help promote economic development," he told a meeting with Tajik Interior Minister Ramazan Rahimzada.
Geostrategy
OpenAI says a million ChatGPT users talk about suicide
San Francisco, United States -- Data from ChatGPT-maker OpenAI suggest that more than a million of the people using its...
- estimated that approximately 0.15 percent of users have "conversations that include explicit indicators of potential suicidal planning or intent."
- With OpenAI reporting more than 800 million people use ChatGPT every week, this translates to about 1.2 million people.
Geostrategy
Zohran Mamdani’s rise signals new hope for US democrats searching for a winning formula
Mamdani, a 34-year-old self-described democratic socialist, has developed a plan aimed at luring working-class people and young adults, for whom...
- The Democrats -- shut out of power in the White House and both chambers of Congress -- are seen negatively by 63 percent of US voters, according to a July poll in the Wall Street
- John Kane, a professor of political science at New York University, said the party needs to reconnect with parts of their traditional base, such as lower-income Americans and young
Geostrategy
Erdogan hails Eurofighter jets deal as ‘new symbol’ of strategic ties with Britain
"We regard this step as a new symbol of the strategic relations between our two close allies," he said after...
- "We regard this step as a new symbol of the strategic relations between our two close allies," he said after signing the agreement with visiting British Prime Minister Keir Starmer
- Turkey has been looking to modernise its air force and has been pushing to acquire 40 European-made fighter jet, which are jointly produced by Britain, Germany, Italy and Spain
Geostrategy
Israel insists it calls shots in Gaza despite signing up to a US-brokered ceasefire
Under the terms of a US-brokered ceasefire, as Israeli forces withdraw after the end of two years of brutal fighting...
- Prime Minister Benjamin Netanyahu said Israel would decide for itself where and when to strike its foes and which countries would be allowed to send troops to police the trucehe
- "Israel is an independent state. We will defend ourselves by our own means and we will continue to determine our fate," Netanyahu said. "We do not seek anyone's approval for this."
Geostrategy
Long-shot socialist Mamdani in touching distance of becoming NY mayor
New York, United States - An unknown local lawmaker just a few months ago, leftist Zohran Mamdani has burst onto...
- Since his surprise victory in the Democratic Party primary in June, New Yorkers have become used to seeing his bearded, smiling face on television
- The 34-year-old election frontrunner was born in Uganda to a family of Indian origin and has lived in the United States since he was 7, becoming a naturalized US citizen in 2018
Geostrategy
China hails coming of ‘multipolar world’ ahead of key Trump-Xi talks to avert trade war
Global markets are watching closely to see if Thursday's planned meeting between the two presidents can halt a trade war...
- Global markets are watching closely to see if Thursday's planned meeting between the two presidents can halt a trade war sparked by the sweeping tariffs announced by Trump
- Speaking at a forum in Beijing on Monday, Wang Yi urged "an end to politicising economic and trade issues, artificially fragmenting global markets, and resorting to trade wars
Geostrategy
Trump starts key Asian tour with deals ahead of China meet
Trump rewarded Cambodia and Thailand with trade deals after co-signing their ceasefire pact, and saying he was confident of a...
- Trump met Qatar's leaders -- among the guarantors of the Gaza ceasefire deal he spearheaded -- during a refueling stop.
- As he left Washington, Trump added to speculation that he could meet North Korean leader Kim Jong Un for the first time since 2019 while on the Korean peninsula.
Geostrategy
Nigeria refinery aims to be world’s biggest with expansion
Lagos, Nigeria -- Nigeria's Dangote oil refinery, already the largest in Africa, aims to become the biggest in the world...
- "We are more than doubling the barrels... to 1.4 million from 650,000," said Aliko Dangote, a Nigerian businessman who is Africa's richest person.
- The Dangote refinery has sparked monopoly fears as it becomes a powerful player itself.
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
Iran offers US new proposal to reopen Strait of Hormuz, end war: report
Iran has conveyed a fresh proposal to the United States through Pakistani intermediaries, seeking an agreement to reopen the Strait...
Geostrategy
Company News
Latest News
Saudi, Qatar, Oman convinced Trump to ‘give Iran a chance’: senior Saudi official
Two diplomatic sources told AFP on Thursday that the security posture at Qatar's Al-Udeid Airbase had been lowered after a...
Geostrategy
Iran vows fast trials over protests after Trump threatened “very strong action”
Iran on Wednesday vowed fast-track trials for people arrested over a massive wave of protests, after US President Donald Trump...
Geostrategy
Trump to Iranians on his Truth Social platform: ‘Keep protesting’, ‘help on its way’
US President Donald Trump urged Iranians on Tuesday to keep protesting against the country's theocratic leadership, telling them "help is on...
Geostrategy
Most Read
Geostrategy
Trump reposts suggestion that Rubio become next Cuba leader
President Donald Trump reposted a social media message on Sunday suggesting that US Secretary of State Marco Rubio, born to Cuban...
- Repost comes a week after US forces seized Venezuela's authoritarian leader Nicolas Maduro in an overnight operation
- Cuba's government has yet to respond to Trump's provocative suggestion that an American citizen could rule the island
Geostrategy
Palestinian VP meets diplomat expected to serve on Trump’s Gaza peace board
Palestinian vice president Hussein al-Sheikh met on Friday with former UN Middle East envoy Nickolay Mladenov, who is expected to...
- The meeting in the occupied West Bank city of Ramallah comes a day after Mladenov held talks with Israeli Prime Minister Netanyahu
- Bulgarian diplomat Mladenov served as the UN envoy for the Middle East peace process from early 2015 until the end of 2020
Geostrategy
Russia joins Chinese, Iran warships for military drills off South Africa
A Russian warship arrived off South Africa's main naval base Friday to join Chinese and Iranian vessels for military exercises that...
- A Chinese destroyer and replenishment ship, as well as an Iranian forward base vessel, sailed into South African waters earlier this week
- The UAE was also expected to send ships, South Africa's Deputy Defence Minister Bantu Holomisa told Newzroom Afrika television