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
Geostrategy
Building a secure future: Key takeaways from WEF’s Dubai meetings
The Annual Meeting on Cybersecurity, held jointly with the Global Future Councils, focused on strengthening global cooperation to enhance digital...
- It convened over 500 experts from government, business, civil society and media, together with 150 of the world’s foremost cybersecurity leaders.
- Participants identified key innovations, policies and business models that could drive meaningful and sustainable economic growth.
Geostrategy
Ceasefire called after new Pakistan-Afghanistan clashes kill dozens
A 48-hour ceasefire between Afghanistan and Pakistan took hold late Wednesday, officials on both sides said, after dozens of troops...
- The truce began at 6:00 pm Islamabad time (1300 GMT), shortly after being announced by both countries, each asserting the other had requested it to end the surge in violence
- "During this period, both sides will sincerely strive to find a positive solution to this complex but resolvable issue through dialogue," the Pakistani foreign ministry said
Geostrategy
Israel threatens to resume fighting if Hamas does not respect Gaza ceasefire deal
The statement from Defence Minister Israel Katz's office came after Hamas handed over the remains of two more deceased hostages,...
- The statement from Defence Minister Israel Katz's office came after Hamas handed over two more deceased hostages, and said it would be unable to retrieve any more bodies
- Israel's far-right National Security Minister Itamar Ben Gvir has threatened to cut off desperately needed aid supplies to Gaza if Hamas fails to return the remains of all soldiers
Geostrategy
Israel returns 45 Palestinian bodies to Gaza authorities
Under the deal pushed by US President Donald Trump and aimed at ending the two-year Gaza war, Israel was to...
- On Monday, Hamas gave up three Israeli bodies and one Nepalese for transfer.
- This was followed on Tuesday by three more deceased Israelis and one as yet unidentified body that the military says was not that of someone listed among dead hostages.
Geostrategy
US Treasury chief: Beijing’s rare earths control is ‘China versus the world’
Washington, United States -- US Treasury Secretary Scott Bessent slammed Beijing's rare earth export curbs Wednesday as "China versus the...
- His comments came as global economic leaders gather in Washington this week for the International Monetary Fund and World Bank's fall meetings.
- "We do not want to decouple. We should work together to de-risk and diversify our supply chains away from China as quickly as possible," Bessent urged.
Geostrategy
Geothermal, desalination: Top 10 solutions for planetary health
Dubai, UAE--Ten transformative technology solutions could change the way the world powers homes, grows food and secures freshwater, according to...
- In 2024, global temperatures stayed 1.5°C above pre-industrial levels for the entire year and current estimates put the world on track for nearing 3°C of warming by 2100.
- Each technology was evaluated through various means including expert nominations, AI trend analysis, peer assessment and analysis of adoption conditions.
Geostrategy
Trump says ‘will disarm’ Hamas: ‘It will happen quickly and perhaps violently’
Trump's comments came the day after he swung through the Middle East to celebrate the Gaza ceasefire deal, with questions...
- Trump's comments came the day after he swung through the Middle East to celebrate the Gaza ceasefire deal, with questions swirling about the next phases of the agreement
- Hamas has so far refused to disarm despite it being a key part of the next phase of Trump's 20-point plan for a ceasefire and longer-term peace agreement in the Middle East
Business
WEF’s Dubai Summit tackles existential digital risks
DUBAI, UAE – A powerful confluence of more than 500 experts and 150 cybersecurity leaders has converged in Dubai for...
- The meeting will inform and drive collaborative solutions to shared challenges.
- This year’s meetings will provide much-needed space to navigate uncertainty, decode emerging trends and strengthen resilience.
Geostrategy
Trump hails ‘tremendous day for Middle East’ as leaders sign Gaza declaration
As part of Trump's plan to end the Gaza war, Hamas on Monday freed the last 20 surviving hostages it...
- In exchange, Israel released 1,968 mostly Palestinians held in its jails, its prison service said.
- In the occupied West Bank city of Ramallah, huge crowds gathered to welcome home the first buses carrying the released Palestinians.
Geostrategy
Trump says may warn Putin Ukraine could get Tomahawks if Russia doesn’t end invasion
US President Donald Trump said Sunday he may warn Russian counterpart Vladimir Putin that Ukraine could get Tomahawk cruise missiles...
- Trump has been mulling potential supplies of the long-range missiles to Kyiv via European allies since his meeting with Putin in Alaska in August failed to produce a peace deal
- The US leader said Ukrainian President Volodymyr Zelensky had asked for Tomahawks when they were discussing a fresh supply of weapons for Kyiv in a call on Saturday
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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
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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Oil prices gain, as equities extend record run higher
Oil prices have experienced choppy trading since the surprise US raid Saturday on Caracas that saw Venezuelan president Nicolas Maduro...
Business
US operation in Venezuela undermined international law: UN
"States must not threaten or use force against the territorial integrity or political independence of any state," Ravina Shamdasani, spokeswoman...
Geostrategy
Venezuela’s interim leader names commission to handle Maduro’s release
Venezuela's interim president Delcy Rodriguez on Sunday created a commission to seek the release of president Nicolas Maduro and his...
Geostrategy
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Geostrategy
US to work with current Venezuela leaders if they make ‘right decision:’ Rubio
The United States is ready to work with Venezuela's remaining leaders if they make "the right decision," Secretary of State...
- "We're going to judge everything by what they do, and we're going to see what they do," Rubio told CBS News' "Face the Nation."
- US commandos snatched Maduro from a compound in Caracas on Saturday in a risky operation involving jets, helicopters, warships and ground troops
Geostrategy
The US and Venezuela’s vast oil reserves: key questions amid sanctions, geopolitics and energy
After a US military operation that seized Nicolas Maduro, President Donald Trump said he wants to allow American oil companies...
- The country has the largest proven reserves in the world, with 303.221 billion barrels, according to OPEC.
- Sanctions imposed in 2019 by Trump during his first term contributed to production plunging to a historic low of 350,000 b/d the following year.
Geostrategy
At least 80 Yemeni separatists killed in fighting, strikes since Friday
At least 152 members of the UAE-backed STC forces were wounded and 130 were taken captive, a military official from...
- Saudi-backed forces began on Friday operations to retake swathes of territory seized by the UAE-backed STC.
- Yemen's presidency on Saturday announced the retaking of resource-rich Hadramawt, following an apparent retreat of the STC.