Trump raises pressure on central bank, calls for Fed governor to resign
Washington, United States -- President Donald Trump ramped up pressure on the US central bank Wednesday, calling for Federal Reserve...
Geostrategy
Netanyahu slams Macron for fuelling ‘antisemitic fire’ by move to recognise Palestinian state
Israeli Prime Minister Benjamin Netanyahu upbraided President Emmanuel Macron in a letter seen by AFP on Tuesday, blaming the French...
Geostrategy
Geostrategy
Blinken warns incoming Israeli govt against settlements
Washington, United States— US Secretary of State Antony Blinken vowed Sunday to oppose Israeli settlements or annexation in the West Bank,...
- Netanyahu will return to power after sealing a coalition deal with the extreme-right movements including Religious Zionism
- The November 1 election was Israel's fifth in less than four years and came after the collapse of a motley coalition that tried to keep out the scandal-plagued Netanyahu
Geostrategy
Jordan and Algeria renew pledge to boost economic ties
Algiers, Algeria— Jordan's King Abdullah and Algeria President Abdelmadjid Tebboune have stressed the importance of bolstering ties between the two...
- The leaders stressed the importance of bolstering cooperation between Jordan and Algeria, especially in the political, economic, trade, investment, and defense fields
- The king emphasised Jordan’s support for Algeria in its efforts to make the outcomes of the recent Arab Summit a success
Geostrategy
Iranians in Iraq skeptical over end to morality police
Iran may have abolished its feared morality police, but many of its citizens based in Iraq doubt reports that Tehran...
- On Saturday, Iran's attorney general said that the force had "been abolished"
- A 32-year-old journalist, Soma Hakimzada, born in Iraqi Kurdistan to parents who fled Iran, also viewed the move dimly
Business
Stage set for UAE-Japan business council as Abu Dhabi secures 40% of Tokyo’s crude oil requirements
The proposed bilateral business council, aimed at developing joint projects and exchange expertise, is likely to be formed by the...
- The proposed bilateral business council, aimed at developing joint projects and exchange expertise, is likely to be formed by the first quarter of 2023
- The amount of crude that Japan imported during that month amounted to 84.58m barrels, of which 80.10m barrels, originated from five Arab countries
Economy
Moroccans protest price hikes and ‘repression’
Hit by the economic impact of the Covid-19 pandemic and inflation, poverty levels are back to where they were in...
- People converged from across Morocco for the protest, which was also called to highlight the cases of several jailed bloggers and journalists
- Consumer price inflation was 7.1 percent year-on-year in October, due in large part to surging food prices triggered partly by an intense drought
Geostrategy
EU head says bloc must act over US climate plan changes
EU chief Ursula von der Leyen said the bloc must act to address "distortions" created by Washington's $430-billion plan to...
- EU countries have poured criticism on Washington's landmark Inflation Reduction Act, seeing it as anti-competitive and a threat to European jobs
- The act, designed to accelerate the US transition to a low-carbon economy, contains around $370 billion in subsidies for green energy as well as tax cuts
Geostrategy
OPEC+ to maintain current output level amid uncertainty
Major oil-producing countries led by Saudi Arabia and Russia agreed to maintain their current output levels. Representatives of 13 members...
- OPEC+ decided to stick to their course agreed in October of a production cut of two million barrels per day until the end of 2023.
- On Friday, the EU, G7 and Australia agreed a $60-per-barrel price cap on Russian oil, which will come into effect on Monday.
Geostrategy
Jordan, India explore economic cooperation
AMMAN, JORDAN - Jordan's Minister of Investment Kholoud Saqqaf on Sunday received Indian ambassador in Amman Anwar Haleem for a...
- The minister briefed the envoy on the investment climate in the Kingdom and potential opportunities in various sectors.
- She emphasized business-friendly legislation and simplified government service delivery.
Geostrategy
Herzog becomes first Israeli president to visit Bahrain
Israeli President Isaac Herzog arrived in Bahrain, the first visit by an Israeli head of state to the small Gulf...
- Accompanied by an economic delegation, Herzog said he would discuss "ways to strengthen our economic cooperation".
- Herzog said he would then travel to UAE's capital Abu Dhabi.
Geostrategy
Iran says morality police abolished as Mahsa Amini protests continue
The morality police -- known formally as the Gasht-e Ershad or "Guidance Patrol" -- were established under president Mahmoud Ahmadinejad,...
- Women-led protests, labelled "riots" by the authorities, swept Iran since the 22-year-old Iranian of Kurdish origin died on Sept. 16, three days after her arrest by the police.
- "Morality police have nothing to do with the judiciary" and have been abolished, Attorney General Mohammad Jafar Montazeri was quoted as saying by the ISNA news agency.
Most Read
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
Trump raises pressure on central bank, calls for Fed governor to resign
Washington, United States -- President Donald Trump ramped up pressure on the US central bank Wednesday, calling for Federal Reserve...
Geostrategy
Company News
Latest News
Israel says Hamas fighter was at target instead of Gaza aid workers
Israel said it was targeting a "Hamas gunman" when it killed in Gaza seven aid workers whose deaths caused an...
Geostrategy
Kremlin slams Macron claims Russia trying to undermine Olympics
Moscow, Russia - The Kremlin on Friday blasted as "unacceptable" French President Emmanuel Macron's claims that Russia was trying to undermine...
Geostrategy
Blinken says US seeks ‘results’ on Israeli new Gaza aid policy
Brussels, Belgium - US Secretary of State Antony Blinken said on Friday Washington wanted to see "results" showing more aid was...
Geostrategy
Most Read
Geostrategy
Aid worker killed by Israel felt need to help, parents say
Washington, United States--The father of US-Canadian citizen Jacob Flickinger, one of seven aid workers killed in an Israeli strike earlier this...
- The father of US-Canadian citizen Jacob Flickinger said his son was hesitant to go to the Gaza Strip but had felt a need to help
- The aid workers had just unloaded supplies at a warehouse in central Gaza when Israeli warplanes fired a missile into their vehicle
Geostrategy
UAE suspends coordination of humanitarian aid with Israel
Dubai, UAE - The United Arab Emirates (UAE) has decided to halt its coordination of humanitarian aid with Israel following...
- According to reports, the Emirati foreign ministry has expressed its outrage to the Israeli ambassador Amir Hayek over the death of seven World Central Kitchen workers in Gaza
- Efforts to address the situation are underway, with Israel's Foreign Minister, Israel Katz, engaging in a phone conversation with his Emirati counterpart, Abdullah bin Zayed
Geostrategy
Iran supreme leader prays over bodies of slain Guards
Tehran, Iran--Iran's supreme leader Ayatollah Ali Khamenei mourned Thursday the seven Revolutionary Guards killed in a strike in Syria, which...
- The Supreme leader, flanked by top military brass, took part in a ceremony in the capital Tehran during which he led prayers for the dead
- Khamenei said on Tuesday that Israel will be punished at the hands of "our brave men who will make them regret this crime and the other ones"