Carrefour name disappears from Arab stores as Israel boycotters claim victory
Dubai, United Arab Emirates -- The Carrefour name has disappeared from storefronts in some Arab countries, with pro-Palestinian shoppers and...
Geostrategy
US offers security guarantees to Qatar after Israel strikes: White House
Washington, United States -- The United States will regard "any armed attack" on Qatari territory as a threat to Washington...
Geostrategy
Economy
Egypt’s Sisi meets UAE leader amid economic woes
Cairo's foreign reserves fell by about 20 percent in one year to $34.45 billion -- about $28 billion of which...
- Sisi has been courting Gulf leaders as Egypt grapples with economic turmoil that has seen inflation shoot up to nearly 34% and the local currency halve in value
- Egypt was hit hard by the impact of Russia's invasion of Ukraine last year, having heavily relied in wheat imports and revenues from tourism from both countries
Economy
Interest rate hikes adversely affect developing countries, says UN
The global economic slowdown and swelling interest rates are pummeling debt-ridden developing countries, the UN warned, urging bold global action...
- Rate increases in the US and other wealthy countries may cost developing countries over US$800 billion in lost income by 2025.
- UNCTAD said it now expected global GDP growth of 2.1 percent in 2023, down from 2.2 percent it forecast in September last year.
Economy
Global debt growing due to US, China, says IMFÂ
Global government debt is on track to reach levels not seen since the height of the COVID-19 pandemic, the International...
- In the US, government debt as a percentage of economic output is expected to surpass its pandemic-era peak by 2027.
- China's debt burden is forecast to be almost double its pre-pandemic levels by 2028, the IMF said.
Geostrategy
Saudi Crown Prince receives US NSA call amid advancing Saudi-Iran detente
The two leaders talked about de-escalation in the region and maintaining deterrence against threats from Iran and elsewhere.
- Sullivan commended the progress made in Yemen over the past year and welcomed Saudi efforts towards a roadmap for ending the conflict
- The two leaders also talked about de-escalation in the region and maintaining deterrence against threats from Iran and elsewhere
Geostrategy
Facing criminal charges, Trump vows to ‘never’ drop presidential bid
The Republican real estate magnate, who is facing 34 felony counts in New York over alleged hush money paid to...
- Trump, 76, in his first major interview since being arrested last week, cast doubt on whether Democrat Biden, 80, would be in the 2024 race
- Right wing outlets like Fox News frequently highlight Joe Biden's verbal flubs, and moments where he appears to have lost his train of thought
Geostrategy
UAE Federal National Council speaker, Chinese Ambassador, discuss bilateral ties
Abu Dhabi, UAE -- Speaker of the UAE Federal National Council (FNC) Saqr Ghobash, and the Chinese Ambassador to the...
- The two sides discussed a range of issues of mutual concerns, and ways of developing the overall bilateral ties between the two countries
- Ghobash said that the bilateral cooperation between the UAE and China is a model of an ideal partnership based on friendship and mutual respect
Geostrategy
Israeli forces kill two Palestinians in occupied West Bank
Jerusalem, Undefined - Israeli forces killed two Palestinians in the occupied West Bank on Tuesday, Israel's defense minister Yoav Gallant said....
- A senior Palestinian official told AFP that he had been informed of the death of the two Palestinians, who were not immediately identified.
- Violence has surged in the region over the last week as the Muslim fasting month of Ramadan, Jewish Passover and Christian Easter coincided.
Geostrategy
9 Arab nations to discuss Syria ties at Saudi Arabia meet on Friday
Syria's President Bashar al-Assad, diplomatically isolated since the start of the Syrian war in 2011, has visited the UAE and...
- Saudi Arabia announced last month that it has started talks with Damascus about resuming consular services.
- Syria was expelled from the Arab League over the crackdown on pro-democracy protests that unleashed the war.
Geostrategy
Yemen prisoner swap to start Thursday as peace hopes rise
Nearly 900 prisoners, most of whom were fighting with Houthi rebels, will be flown between Yemen and Saudi Arabia, which...
- Houthis will release 181 prisoners, including Saudis and Sudanese, in exchange for 706 detainees held by government forces, according to a pact reached last month in Switzerland.
- Yemen's six-month, UN-brokered truce that officially lapsed in October is still largely holding, providing respite for a population of 30 million that is mostly dependent on aid.
Economy
Germany to shut down last three remaining nuclear plants
At a time when many Western countries are ramping up nuclear power in their transition to greener energy sources, Europe's...
- The exit decision was popular in a country with a powerful anti-nuclear movement fuelled by fears of Cold War conflict and disasters such as Chernobyl
- The three final nuclear plants provided six percent of Germany's energy last year, compared with 30.8 percent from all nuclear plants in 1997
Carrefour name disappears from Arab stores as Israel boycotters claim victory
Dubai, United Arab Emirates -- The Carrefour name has disappeared from storefronts in some Arab countries, with pro-Palestinian shoppers and...
Geostrategy
Company News
Latest News
Is Musk’s million-dollar US voter lottery legal?
Donald Trump surrogate Elon Musk's offer of a million dollars to one registered voter in a swing state every day...
Geostrategy
Wealthy Israelis offer rewards for release of Gaza hostages
Jerusalem, Undefined - Frustrated with the dwindling prospect of reaching a ceasefire deal in the year-long Gaza war, some Israeli entrepreneurs...
Updates: Israel hits more targets in Lebanon as Blinken travels to Middle East to push for truce
Lebanon says four people were killed including a child in the latest Israeli strikes as Tehran says the United States...
Geostrategy
Most Read
Putin thanks UAE president for positive role in prisoner exchange with Ukraine
UAE President Sheikh Mohamed meets his Russian counterpart Vladimir Putin to discuss bilateral ties and Middle East. Sheikh Mohamed will...
- Moscow and Kiev announced that they had swapped 95 prisoners each following negotiations led directly by the UAE
- The UAE and Russia ties have grown closer recently with Putin saying that their bilateral trade had tripled in the past three years to $11.1 billion
Geostrategy
Israeli attack kills 73 in north Gaza as Netanyahu says Hezbollah tried to kill him
War in the Middle East continues as Israeli attack kills 73 in northern Gaza while Israeli Prime Minister Netanyahu says...
- "Our civil defense crews recovered 73 martyrs and a large number of wounded as a result of the Israeli air force targeting a residential area."
- "The attempt by Iran's proxy Hezbollah to assassinate me and my wife today was a grave mistake," Netanyahu said in a statement.
Geostrategy
Updates: Israeli attack kills 33 people in Gaza refugee camp as Hamas mourns Sinwar
As Israel continues to pound Gaza, Lebanon, and West Bank, Turkey's Erdogan conveys his condolences to Hamas officials over Sinwar's...
- Families in northern Gaza are trying to survive in atrocious conditions, and under heavy bombardment, says United Nations
- We (are) afraid that Netanyahu does not intend on stopping the war, nor does he intend to bring the hostages back: relative of Israeli hostage