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...
Geostrategy
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...
Geostrategy
Economy
Oil prices surge to multi-month highs, mixed day for global stocks
Production limitations set by the OPEC + exporters "are continuing to offset concerns over demand," said Fawad Razaqzada, market analyst...
- China slipped into deflation for the first time in more than two years in July, official data showed
- Despite the anemic China figures, crude oil prices vaulted higher with European benchmark Brent futures jumping 1.6 percent
Geostrategy
US accuses Sudan of threatening to expel UN mission
United Nations, United States--The United States on Wednesday accused Sudan of having threatened to expel the United Nations mission from the...
- US ambassador whose country is chairing the Council in August, deplored the absence of Volker Perthes, the special representative of the secretary-general in Sudan
- Sudan war, pitting army under General Abdel Fattah al-Burhan against the paramilitary Rapid Support Forces (FSR) of General Mohamed Hamdan, began in April
41 migrants missing after new Mediterranean shipwreck
The metal boat overturned in bad weather during the night of Thursday to Friday after setting off from the Tunisian...
- A Frontex plane on Tuesday morning spotted "a metal boat with four people on board" in waters covered by Libyan search and rescue, the agency said
- IOM press officer said the migrants' boat would have been ill-equipped for the kind of bad weather seen in the Central Mediterranean in the past week
Business
Exclusive: Private military companies look at $366.8bn market as their demand, role in global conflicts rise
Rising security concerns, confrontational geopolitics, and chaotic global changes have fueled the demand for private military companies, the new reality...
- Rising security concerns, confrontational geopolitics, and chaotic global changes have fueled the demand for private military companies, the new reality of modern warfare
- Experts stress the urgent need for regulation and careful consideration of the risks and benefits associated with PMCs in an increasingly complex and conflict-prone world
Business
Exclusive: Private military companies look at $366.8bn market as their demand, role in global conflicts rise
Rising security concerns, confrontational geopolitics, and chaotic global changes have fueled the demand for private military companies, the new reality...
- Rising security concerns, confrontational geopolitics, and chaotic global changes have fueled the demand for private military companies, the new reality of modern warfare
- Experts stress the urgent need for regulation and careful consideration of the risks and benefits associated with PMCs in an increasingly complex and conflict-prone world
Arts & Culture
Lebanon to ban Barbie film for allegedly promoting homosexuality
BEIRUT, LEBANON - Lebanon's culture minister said on Wednesday he had asked authorities to ban hit movie "Barbie" for purportedly "promoting...
- The film, which has topped $1 billion in global revenues, was due to be screened in Lebanese cinemas from August 31.
- Though it was widely anticipated by LGBTQ communities worldwide, the film does not contain any overt references to same-sex relationships.
Geostrategy
Russia blames Poland, Finland for ‘threats’ on western border
Moscow, Russia - Moscow accused Poland and Finland of threatening its security on Wednesday and vowed a response to multiplying "threats"...
- Threats to security of Russia have multiplied in west and northwest, Russian defense minister said.
- He singled out Poland, which he said was being "militarized" and used by the United States "as the main instrument of anti-Russian politics".
Geostrategy
BRICS will benefit greatly with UAE, Saudi Arabia as members: Expert
Dubai, UAE -- Granting the United Arab Emirates the status of a member of BRICS group (Brazil, Russia, India, China,...
- Mohamed Badine El Yattioui, an IR expert at the American University in UAE, said strong economies make UAE, Saudi Arabia ideal BRICS candidates.
- He said their entry into the grouping will push the western countries towards accepting a new world order.
Geostrategy
Oman fostering international cooperation with Iran’s participation: Minister
Tehran, Iran -- Oman has said it has been making efforts to facilitate regional and international cooperation by with the...
- Omani Foreign Minister Sayyid Badr Albusaidi referred to the recent talks between Iranian President Ebrahim Raisi and the Omani Sultan Haitham bin Tarik.
- Iran had said that it had been engaged in indirect negotiations with the United States through Oman, with nuclear issues, US sanctions and detainees on the agenda.
Geostrategy
ADFD finances $105.4m energy security project in Tanzania
ABU DHABI, UAE - The Abu Dhabi Fund for Development (ADFD) has signed a loan agreement with the Government of...
- The project’s objective is to fully connect the Kagera administrative region with the national electricity grid.
- It will reduce dependency on energy imports from Uganda and provide sustainable electricity source.
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...
Geostrategy
Company News
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European Union and UAE agree to launch trade deal negotiations
Emirati President Mohammed bin Zayed Al Nahyan "and I just decided to launch negotiations on an EU-UAE free trade agreement,"...
Geostrategy
Turkey opposition to fight Erdogan ‘until the end’: leader tells AFP
The Turkish opposition will fight "until the end" against President Recep Tayyip Erdogan, the leader of the opposition CHP party...
Geostrategy
US reiterates support for Morocco on Western Sahara
Secretary of State Marco Rubio on Tuesday renewed US support for Morocco's sovereignty and political plan for Western Sahara, a...
Geostrategy
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Geostrategy
Saudi foreign minister in US to prepare for Trump visit
Riyadh, Saudi Arabia -- Saudi Arabia's top diplomat is in Washington to lay the groundwork for US President Donald Trump's...
- Last month, Trump said he may visit Saudi Arabia as early as April in a reprisal of 2017, when the kingdom was the first destination of his first term in office.
- Foreign Minister Prince Faisal bin Farhan arrived in Washington on Tuesday, aiming to "prepare for Trump's visit to Riyadh", the source close to the Saudi government said.
Economy
Iraq signs deal with US firm to produce 24,000 MW of electricity
Prime Minister Mohammed Shia al-Sudani oversaw "the signing of a Memorandum of Understanding as part of a strategic cooperation framework...
- The signing comes at the conclusion of a visit to Iraq by a high-level US delegation comprising of representatives from 60 private firms.
- Despite sitting on large reserves of petrol and natural gas, decades of conflict and instability have ravaged Iraq's energy infrastructure.
Geostrategy
Hamas official says ‘necessary to reach a ceasefire’ in Gaza
A Hamas official told AFP on Tuesday that it was "necessary to reach a ceasefire" in the Gaza Strip, three...
- "This war cannot continue indefinitely, and it is therefore necessary to reach a ceasefire," Hossam Badran, a member of Hamas's political bureau, told AFP
- US President Donald Trump and Israeli Prime Minister Benjamin Netanyahu a day earlier said that new negotiations were in the works aimed at getting more hostages freed