Hezbollah vows to fight disarmament as Lebanon PM slams civil war ‘threats’
Hezbollah leader Naim Qassem vowed Friday to fight government plans to disarm his group, with Lebanese Prime Minister Nawaf Salam...
Geostrategy
Israeli far-right minister backs contentious West Bank settlement plan
Israel's finance minister on Thursday backed plans to build 3,400 homes in a particularly contentious area of the occupied West...
Geostrategy
Market Report
Global stocks rise on Fed optimism, zero-Covid China policy reports
Global stock markets rose as traders looked to the US Federal Reserve's interest rate decision hoping it will signal a...
- Recent reports have suggested officials are looking to dial down the pace of increases, which has sparked a rally in risk assets over the past week.
- Positive results from multinational firms also helped lift equities.
Business
JAHEZIYA, Enekom ink pact
Pact aims to expand railway solutions, technology in region.
- As per the agreement, JAHEZIYA will be Enekom’s exclusive distributor of the patented RailAcoustic Sensors in the GCC to enhance railway security.
- The partnership was announced during ADIPEC, an exhibition in which the world’s energy ecosystem assemble.
Economy
UAE-US partnership to spur $100 bn clean-energy financing, development
The Partnership for Accelerating Clean Energy will see the two countries develop, finance and deploy clean projects in the US,...
- UAE Special Envoy for Climate Change Dr. Sultan Al Jaber and Special Presidential Coordinator Amos Hochstein signed the partnership at ADIPEC.
- They will accelerate investment in fossil fuel emissions mitigation; further develop CCUS technologies and advance methane measurement and management.
Geostrategy
EU presidency says sanctions may next target Belarus
The Czech prime minister, whose country holds the rotating EU presidency, said the bloc may look at sanctions on Belarus...
- The EU has imposed sweeping sanctions against Russian industry and individuals.
- Certain sanctions against Belarus are already in place, but EU can't have Belarus joining Russia's policy, says the Czech prime minister.
Geostrategy
Lebanon now without president as Michel Aoun’s mandate expires
Aoun's six-year term, that came to a close on Sunday, was marred by mass protests, a painful economic downturn and...
- Today, headed by a caretaker government, Lebanon is unable to enact the reforms needed to access billions of dollars from international lenders to help save the economy.
- Aoun signed on Sunday a decree formalising the resignation of premier Najib Mikati's government, in a caretaker role since legislative elections in May.
Geostrategy
Israelis vote as Netanyahu seeks return to power
Such a scenario has led to despondency among many Arab-Israelis -- who make up around 20 percent of the population...
- The latest ballot follows the collapse of the so-called "change" coalition, which united eight disparate parties
- The extreme-right leader Itamar Ben-Gvir may be key to helping Netanyahu return to the premiership
Geostrategy
Algeria hosts first Arab summit since Israel normalisation deals
Since the last Arab League summit in 2019, several members of the 22-member bloc -- for decades a forum for...
- The main roads of Algiers have been decked out with Arab flags and huge billboards welcoming "brother Arabs."
- remains a steadfast supporter of the Palestinians, even mediating a reconciliation deal in October between rival Palestinian factions Fatah and Hamas
Economy
Biden threatens tax hit for ‘war profiteering’ oil giants
His comments came days after oil giants ExxonMobil and Chevron reported bumper earnings, reflecting how a surge in crude prices...
- Biden said companies have a "responsibility to act" beyond the narrow self-interest of executive shareholders
- Hefty profits reported earlier by TotalEnergies and Shell have also reignited a European debate on windfall profits taxes
Geostrategy
CIA among targets of new Iran sanctions on US
The Islamic republic has been rocked by protests since the death in custody of Mahsa Amini on September 16, following...
- It comes days after the US placed more than a dozen Iranian officials on its sanctions blacklist for the crackdown on protests
- The sanctions include bans on issuing visas and entry to Iran, as well as "freezing their money and assets under the jurisdiction of the Islamic republic of Iran."
Economy
ILO says global crises will lead to a fall in labor market
The war raging in Ukraine and other overlapping crises are taking a toll on labor markets worldwide, the UN said,...
- In a fresh report, the International Labor Organization cautioned that the outlook for global labor markets has deteriorated in recent months.
- It also warned that excessive policy tightening could cause "undue damage to jobs and incomes in both advanced and developing countries."
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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
Hezbollah vows to fight disarmament as Lebanon PM slams civil war ‘threats’
Hezbollah leader Naim Qassem vowed Friday to fight government plans to disarm his group, with Lebanese Prime Minister Nawaf Salam...
Geostrategy
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Qatar says negotiations ‘ongoing’ for Gaza truce
Doha, Qatar - Mediator Qatar said on Tuesday that talks between Hamas and Israel on a Gaza truce and hostage release...
Geostrategy
US defense chief tells Israeli counterpart that Gaza toll is ‘too high’
US Defense Secretary Lloyd Austin told his Israeli counterpart Yoav Gallant that civilian casualties in Gaza are "too high". A...
Geostrategy
Thousands trapped in Gaza hospital surrounded by Israeli tanks
Gaza's health ministry said Israeli troops were shooting and firing "shells and (conducting) violent raids in its surroundings in preparation...
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Geostrategy
Hamas leader Haniyeh visits Iran: state media
Haniyeh's visit comes after a resolution adopted by the UN Security Council on Monday called for an "immediate ceasefire" for...
- Hamas chief will meet with Foreign Minister Amir-Abdollahian and other senior officials
- Haniyeh's last visit was in early November when he met Iran's supreme leader
Geostrategy
No let-up in Gaza war despite UN ceasefire resolution
The resolution demanding an "immediate ceasefire" was adopted Monday after Israel's closest ally the United States abstained. Washington insisted that...
- Israel reacted furiously to the US abstention, as it allowed the resolution to go through
- The Israeli military said Monday it was battling fighters around two hospitals in Gaza
Geostrategy
Hamas-allied official escapes Israeli strike in Lebanon
According to a security source, who did not want to be identified, the target was Mohammad Assaf of Jamaa Islamiya,...
- A strike in January widely blamed on Israel killed Hamas's deputy leader Saleh al-Aruri in Beirut
- Since October the cross-border violence has killed at least 326 people in Lebanon