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
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...
Geostrategy
Geostrategy
WHO says Palestinian patient died due to lengthy Israeli checks
The chief of WHO said the convoy was stopped twice at the Wadi Gaza checkpoint on the way to northern Gaza...
- WHO chief Tedros Adhanom Ghebreyesus did not say in his message who carried out the checks, but a WHO spokesman told AFP they took place at an Israeli army checkpoint.
- The UN estimates 1.9 million of the territory's 2.4 million people have been displaced by the war, half of them children.
Economy
Global trade likely to decline in 2023 due to changing trade patterns, geopolitics
DUBAI, UAE - The outlook for 2024 remains “highly uncertain and generally pessimistic,” UNCTAD says in the Global Trade Update,...
- Other elements affecting trade include lower demand in developed countries, less trade in East Asia and an uptick in trade-restrictive measures.
- The elements also include an uptick in trade-restrictive measures and lengthening supply chains, particularly between China and the US.
Geostrategy
Gaza destruction worse than in World War II Germany: EU’s Borrell
Israel's military response to Hamas's October 7 attacks has resulted in "an incredible number of civilian casualties", Borrell said after...
- "The destruction of buildings in Gaza... is more or less or even greater than the destruction suffered by the German cities during the World War II," taken proportionally, he said.
- He said he had presented a discussion paper to the EU foreign ministers looking at "imposing sanctions against extremist settlers in West Bank".
Geostrategy
Additional border crossing to examine Gaza aid, says Israel
International aid organizations have struggled to get supplies to desperate Gazans under Israeli bombardment, with only the Rafah crossing in...
- Israel said on Monday that no new direct crossings will be opened
- The additional checkpoint will screen "trucks containing water, food, medical supplies"
Israeli forces kill 4 Palestinians in West Bank: ministry
The ministry did not provide further details on the fatalities, while the Palestinian Red Crescent Society said they were killed...
- Israeli forces "continue to storm Jenin camp and ambulance crews are prevented from entering to deal with medical cases," the Red Crescent said
- There was no immediate comment on the killings from the Israeli military, which has occupied the West Bank since the 1967 Arab-Israeli War
Houthi missile hits Norway-flagged tanker off Yemen: CENTCOM
US warships patrolling the Red Sea have shot down Houthi missiles and drones several times since the militants began the...
- The night-time attack occurred as the chemical tanker passed through the Bab-el-Mandeb, the strait between Yemen and northeast Africa
- The attack is the latest escalation from the Houthis in Yemen, who have increasingly targeted ships off the coast with missiles and drone attacks
Geostrategy
UN assembly moves past Security Council to take lead on Gaza
With calls for a ceasefire multiplying, "it is safe to assume that the majority will be greater" this time, Richard...
- The US, one of only five permanent members of the Security Council, used its veto on Friday to halt a draft text calling for a ceasefire, the latest sign of impasse
- UN Secretary-General Antonio Guterres has warned of a looming "complete breakdown of public order" in the besieged Gaza Strip
Geostrategy
Netanyahu’s political survival at stake amid Gaza crisis
Israeli PM confronts one of the most challenging periods of his tenure as it intensifies military actions in Gaza amid...
- Israeli PM confronts one of the most challenging periods of his tenure as it intensifies military actions in Gaza amid mounting casualties and a deepening humanitarian crisis.
- Critics are questioning Netanyahu's strategies and political maneuvers, both domestically and in the context of the Israeli-Palestinian conflict.
Business
PM issues law forming Dubai Investment Fund to oversee government investments
DUBAI, UAE – Vice President, Prime Minister and Ruler of Dubai Sheikh Mohammed bin Rashid Al Maktoum has issued Law...
- The law endows the Fund with the financial and administrative independence to pursue its objectives along with the legal mandate to do so.
- Dubai Investment Fund will be responsible for investing Dubai Government funds, surpluses and the general reserve locally and internationally.
Geostrategy
Arab meet calls for more investments in renewable energy
Speaking at the 12th Arab Energy Conference organized by the Organization of Arab Petroleum Exporting Countries (OAPEC), Qatar's Energy Minister...
- OAPEC Secretary General Eng. Jamal Issa Al Loughani emphasized the conference's focus on international energy market developments and their local and global implications.
- He called for a careful balance between emission reduction, energy availability and affordability, while underscoring challenges in building sustainable energy systems.
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
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Hamas says discussing Gaza ceasefire proposals from mediators
It said it sought "to reach an agreement that guarantees ending the aggression, achieving the withdrawal (of Israel from Gaza)...
Geostrategy
US halting some shipments of military aid to Ukraine
The White House said Tuesday it is halting some key weapons shipments to Ukraine that were promised under the Biden...
Geostrategy
Macron, Putin discuss Iran, Ukraine in first talks since 2022
One week after a ceasefire ended Israel's 12-day war with Iran, the two men also discussed Tehran's nuclear programme, with...
Geostrategy
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Geostrategy
Gaza mourns those killed in Israeli strike on seafront cafe
Once a bustling seafront spot where young people could hope for a rare respite from war, Gaza City's al-Baqa cafe...
- The strike triggered a fresh outpouring of grief in the Palestinian territory already devastated by more than 20 months of war.
- Tributes have also poured in for Ismail Abu Hatab, described by friends as a journalist and videographer.
Business
Eight-country coalition aims to tax luxury air travel
Seville, Spain -- Countries including France, Kenya, Barbados and Spain on Monday launched a coalition to push for taxes on...
- The coalition said it would work to increase the number of countries taxing plane tickets, including business-class travel, and private jets.
- Greenpeace welcomed an "important step" to raise more money from "the most elite and polluting form of travel", which has remained "undertaxed".
Geostrategy
British FM David Lammy in Turkey to bolster trade ties
Britain's top diplomat David Lammy held top-level talks in Ankara Monday that touched on developments in the Middle East and...
- It was the first official visit by the British foreign secretary who took office a year ago, and held talks with his Turkish counterpart Hakan Fidan and President Erdogan
- Speaking after the talks, Fidan said the pair discussed the 12-day Iran-Israel war that ended nearly a week ago, and the importance of shoring up the ceasefire