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
Bapco Energies declares force majeure on operations
Manama, Bahrain --- Bapco Energies BSC (Closed), Bahrain’s integrated energy company, announced force majeure on its group operations on Monday....
Geostrategy
Business
Saudi, UAE ‘prior’ countries for Russia’s inbound tourism push
Moscow, Russia -- China, India, Iran, the United Arab Emirates (UAE) and Saudi Arabia will become prior countries for Russia...
- In 2024, attention will be given to five prior countries: China, India, Iran, the UAE, Saudi Arabia, said Director General of the Center for Strategic Research Pavel Smelov.
- "It is expected that by 2030 the implementation of the concept presented will result in the annual flow of 16 million foreign tourists," he said.
Geostrategy
Iran starts construction on new 10MW nuclear research reactor
Tehran, Iran -- Iran said Monday it had started building a new nuclear research reactor in Isfahan, days after it announced...
- The new 10-megawatt research reactor is being constructed to create a powerful neutron source, IRNA said.
- It would have a variety of applications, including fuel and nuclear material tests and the production of industrial radioisotopes and radiopharmaceuticals, it said.
Business
Boeing spots new ‘problems’ in 737
The fuselage problems could slow down deliveries.
- Boeing Commercial Airplanes chief executive Stan Deal said, "This past Thursday, a supplier notified us of a non-conformance in some 737 fuselages"
- Deal said employees offered suggestions on more than 1,000 improvements since a series of training events following the January 5 incident
Geostrategy
EU adopts cavalier approach in its desire for primacy
For EU leaders, it is their way or the highway as the wealthy, powerful bloc seeks to tame opposition and...
- Some reports say that Brussels had made a "confidential plan" to ruin Hungary's economy, shatter investor confidence, destroy its currency
- When non-Western countries accuse the West about their unfair trade sanctions, Western pundits dismiss the accusations as conspiracy theories
Geostrategy
Russian president to make ‘imminent’ visit to Turkey
Turkey's President Recep Tayyip Erdogan has managed to maintain trade and political relations with both Ukraine and Russia, allowing Russia...
- Turkey's media have mentioned February 12 as a likely date of Putin's visit
- The war in Gaza, energy, Black Sea trade routes and Syria will likely be discussed
Geostrategy
Blinken to arrive in Middle East to press for truce
The US secretary of state is expected to discuss a proposed truce hammered out in a Paris meeting in January...
- The US top diplomat is expected to visit Saudi Arabia, Israel, Egypt and Qatar
- He stressed the need for urgently addressing humanitarian needs in Gaza
Geostrategy
UNRWA plays key role in regional security, stability
The UAE's top diplomat reiterated the UAE's steadfast support for UNRWA, emphasizing that in light of current challenges, sustaining its...
- UAE commits to continuous support for UNRWA, highlighting the agency's role in humanitarian relief.
- The country stresses the need for a lasting ceasefire to protect civilians and support Palestinian people.
Geostrategy
Hamas weighs Gaza truce as fighting nears fifth month
The Gaza health ministry said that at least 127 people were killed in Israeli strikes in the previous 24 hours...
- Blinken will begin his trip in Saudi Arabia before visits to Israel, Egypt and Qatar
- The war has also sent regional tensions soaring, with a surge in attacks in the region
Geostrategy
WEF24: Gulf cities spearhead global investment surge
GCC cities such as Abu Dhabi, Dubai and Riyadh showcase dynamic growth, rivalling global metropolises, says Julien Hawari, CEO &...
- GCC cities such as Abu Dhabi, Dubai and Riyadh showcase dynamic growth, rivalling global metropolises, says Julien Hawari, CEO & Founder of Special Edition and Million.
- He attributes the Gulf's economic boom to transformative business and government practices, and inclusive policies that promote diversity and attract international talent.
Geostrategy
RTA inks agreement to develop entry/exit points for Dubai Harbor
DUBAI, UAE - The Roads and Transport Authority (RTA) of the Emirate has entered into a strategic partnership with ‘Shamal...
- The bridge extends from Sheikh Zayed Road to Dubai Harbour, an exceptional seafront district that hosts the region’s marina.
- RTA would construct a bridge of two lanes in each direction spanning 1,500 meters and accommodating 6,000 vehicles per hour.
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
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Salah criticizes UEFA for ‘Palestinian Pele’ tribute: ‘Tell us how he died’
Obeid, 41, was killed on Wednesday when Israeli forces "targeted people waiting for humanitarian aid in the southern Gaza Strip", the...
Geostrategy
Thousands protest in Tel Aviv against Israeli govt move to expand Gaza war
Demonstrators waved signs and held up pictures of hostages still being held in the Palestinian territory as they called on...
Geostrategy
Russia cautious on Armenia-Azerbaijan deal, Iran reject border corridor
Russia cautiously welcomed a US-brokered draft deal between Armenia and Azerbaijan on Saturday, but Moscow's regional ally Iran rejected the...
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Geostrategy
Armenia and Azerbaijan commit to a lasting peace after decades of conflict at summit with Trump
The two former Soviet republics "are committing to stop all fighting forever, open up commerce, travel and diplomatic relations and...
- Armenian Prime Minister Nikol Pashinyan and Azerbaijan's longtime President Ilham Aliyev said Trump's mediation should earn him a Nobel Peace Prize
- The two former Soviet republics "are committing to stop all fighting forever, open up commerce, travel and diplomatic relations and respect each other's sovereignty."
Geostrategy
Putin-Trump summit to meet on Friday on Ukraine: what we know so far
On his Truth Social site on Friday, Trump announced that his meeting with Putin would be held in the far-north...
- Trump has spent his first months in office trying to broker peace but multiple rounds of peace talks, phone calls and diplomatic visits have failed to yield a breakthrough
- On his Truth Social site on Friday, Trump announced that his meeting with Putin would be held in the far-north US state of Alaska on August 15, later confirmed by the Kremlin
Geostrategy
Israel plans to ‘take control’ of Gaza City, sparking wave of criticism
European Council chief Antonio Costa warned "such a decision must have consequences" for EU-Israel ties, while Germany said it was...
- China, Turkey, Britain and the UN's rights chief as well as numerous Arab governments issuing statements of concern.
- Israeli opposition leader Yair Lapid denounced the cabinet's move as "a disaster" that could result in "the death of the hostages.