Khamenei signals Iran control over Strait of Hormuz, rejects US role
Iran’s supreme leader Ayatollah Mojtaba Khamenei has issued a strong statement asserting that the United States should have no role...
Geostrategy
Trump claims Iran in ‘state of collapse’, says Tehran wants blockade lifted
US President Donald Trump has claimed that Iran is in a “state of collapse” and said Tehran has approached Washington...
Geostrategy
Geostrategy
Israel plans to allow local Palestinians administer post-war Gaza
"The plan states that Israel will move forward with its already-in-motion project to establish a security buffer zone on the...
- The proposal, which Netanyahu submitted to his security cabinet late Thursday, would also see the Israeli army persisting in its war on Hamas until it achieves key goals.
- Even after the war, the Israeli army would have "indefinite freedom" to operate throughout Gaza, according to the plan.
Geostrategy
Expelled from France, imam vows to challenge decision in court
Soliman, Tunisia - A Tunisian imam expelled from France for alleged hate speech said on Friday he would take legal action...
- Mahjoub Mahjoubi, from the town of Bagnols-sur-Ceze in the south of France, denounced his removal as "arbitrary"
- He was expelled on the charges of giving a sermon that had "retrograde, intolerant and violent" image of Islam
Science
American spaceship lands on moon, images expected soon
The first American spaceship on the Moon since Apollo is "alive and well" following a drama-packed touchdown, the firm that...
- The Houston-based company's stock price soared by 40 percent in early trading before paring back to 24 percent.
- Intuitive Machines said Odysseus, which is the size of a large golf cart, is upright.
Business
Price of natural gas in Europe falls to a 3-year low
LONDON, UK – The price of natural gas in Europe fell again on Friday, taking it to its lowest in almost...
- Gas reserves, which are usually drawn down during winter for heating, are at 64.7 percent of storage capacity on average in the European Union.
- Gas prices soared in 2022 and into 2023 as Russia's invasion of Ukraine made EU countries limit consumption and diversify their sources of supply.
Geostrategy
ADGM’s Registration Authority fines two firms for audit failings
ABU DHABI, UAE – The Registration Authority (RA) of Abu Dhabi Global Market has fined Baker Tilly Middle East Limited...
- The RA fined Baker Tilly US$50,000 and Sturgeon US$12,500 for serious failings and gaps in the financial audit
- The RA expects ADGM firms to conduct and prepare audit reports in accordance with professional standards.
Business
Shipping insurance rates soar on Red Sea missile attacks
Maritime container transport has sunk by almost one third so far in 2024 compared with a year earlier, according to...
- The Houthis have carried out relentless attacks since November on shipping transiting the Red Sea, a maritime hub through which 12 percent of global trade usually passes
- Premiums for ships have "increased significantly" following the Houthi attacks, according to Frederic Denefle, head of Garex, a French firm specialized in marine risk insurance
Economy
Jordan, Oman sign agreements to ramp up investments
Amman, Jordan--Jordan and Oman have signed a raft of agreements to boost direct investment in both the countries. The first...
- In 2022, Jordan exported $70.2 million worth of goods to Oman, while Jordan imported $57.4 million worth of goods from Oman
- The agreements between the two countries aim to establish partnerships for investment and trade between the two business sectors
Geostrategy
Israel kills two Hizbollah fighters in drone strike
A security source said that an Israeli drone shot two guided missiles at the building in Kfar Rumman, near the...
- Hizbollah confirmed that two of its fighters had been killed by Israeli fire
- The Lebanese armed group said it had fired rockets at Israel in response
Geostrategy
Houthi missile attack damages British-owned ship off Yemen
Dubai, United Arab Emirates - Yemen's Iran-backed Houthi rebels fired two missiles at a British-owned cargo ship passing through the Gulf...
- The rebels, who control much of Yemen, have carried out months of attacks on merchant vessels in the Red Sea and the Gulf of Aden
- The Houthis said they had also "fired a number of ballistic missiles and drones at various targets of the Zionist enemy" in the Israeli Red Sea resort of Eilat
Geostrategy
Islamophobia rises threefold in UK after Israel-Hamas conflict
"We are deeply concerned about the impacts that the Israel and Gaza war are having on hate crimes and on...
- Tell MAMA recorded 2,010 such cases in the four months since Hamas's deadly attack against Israel on October 7 sparked the conflict
- Some 901 cases occurred offline while 1,109 were online and most of the offline incidents took place in the British capital London
Khamenei signals Iran control over Strait of Hormuz, rejects US role
Iran’s supreme leader Ayatollah Mojtaba Khamenei has issued a strong statement asserting that the United States should have no role...
Geostrategy
Company News
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US senators push for improved press access in Gaza
Washington, United States - A group of 17 US Senators sent a letter to Secretary of State Marco Rubio on Wednesday...
Geostrategy
Trump raises pressure on central bank, calls for Fed governor to resign
Washington, United States -- President Donald Trump ramped up pressure on the US central bank Wednesday, calling for Federal Reserve...
Geostrategy
Antarctic climate shifts threaten ‘catastrophic’ impacts globally
Paris, France -- Abrupt and potentially irreversible changes in Antarctica driven by climate change could lift global oceans by meters...
Geostrategy
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Geostrategy
Syrian, Israeli diplomats met in Paris to discuss ‘de-escalation’: report
Syria's foreign minister met with an Israeli diplomatic delegation in Paris on Tuesday to discuss "de-escalation and non-interference in Syria’s...
- Washington has been at work in recent weeks to try to resolve security issues in Syria and Lebanon, which its ally Israel says have prompted it to take military action
- Despite a truce reached last November, Israel has continued to hit targets of the Iranian-backed Hezbollah group in Lebanon, and it has occupied territory and hit targets in Syriay
Geostrategy
Indian PM Modi to visit China, security chief says
Indian Prime Minister Narendra Modi will visit China later in August, his security chief said on Tuesday during talks with...
- Modi will attend the Shanghai Cooperation Organization (SCO) summit opening on August 31 in Tianjin, his first visit to China since 2018, Ajit Doval said in public comments
- "History and reality prove once again that a healthy and stable China-India relationship serves the fundamental and long-term interests of both of our countries," Wang added
Geostrategy
Netanyahu slams Macron for fuelling ‘antisemitic fire’ by move to recognise Palestinian state
Israeli Prime Minister Benjamin Netanyahu upbraided President Emmanuel Macron in a letter seen by AFP on Tuesday, blaming the French...
- Late last month, Macron said France would formally recognise a Palestinian state during a UN meeting in September, drawing a swift rebuke from Israel
- By announcing the move, France was set to join a growing list of nations to have recognised statehood for the Palestinians since the start of the Gaza war nearly two years ago