Gaza civil defence says Israeli strikes kill 43 as truce talks deadlocked
Israel's military blamed it on a "technical error" when targeting a militant in the Nuseirat refugee camp in central Gaza,...
Geostrategy
UN says hundreds killed in recent weeks while seeking aid in Gaza
There are frequent reports of Israeli forces firing on people seeking aid, with Gaza's civil defence agency saying 10 Palestinians...
Geostrategy
Economy
IMF unveils new trust to help ‘vulnerable’ countries
The IMF plans to raise at least $45 billion for a new trust to help ‘low-income and vulnerable middle-income countries’.
- The Washington-based crisis lender's Resilience and Sustainability Trust is expected to come into effect May 1
- It is in addition to a $650 billion boost to reserve assets called Special Drawing Rights allocated earlier this year
Geostrategy
UN envoy urges Yemen’s warring parties to uphold truce
The two-month ceasefire between Yemen's Houthi rebels and Saudi led military coalition took effect 11 days ago.
- Hans Grundberg, UN envoy held talks with leaders of Houthi rebel
- According to Grundberg, oil tankers have been reached to ease the "fuel crisis" in Yemen
Geostrategy
Iran says preliminary deal reached on frozen funds abroad
Tens of billions of dollars in Iranian money were blocked in many countries including China, South Korea and Japan.
- Delegations from concerned countries met Iran's foreign minister to discuss the deal to release its funds frozen in foreign bank
- In January 2022, Iran urged South Korea to unlock its funds and not to wait for the results of the Vienna talks
Geostrategy
Biden gives ‘crime scene’ Ukraine $800m to hold off Russia
US President Joe Biden announced an $800 million military aid package for Ukraine on Wednesday as international prosecutors declared the...
- Biden has accused President Vladimir Putin of genocide -- a claim dismissed as "unacceptable" by the Kremlin
- The Pentagon says it has been looking to provide Ukraine with weapons that would "give them a little more range and distance"
Geostrategy
Morocco holds Bulgarians, Iranians in ‘trafficking’ probe
The Iranians were caught trying to reach Spain with fake documents "according to a criminal modus operandi."
- The Iranians were held trying to reach Spain with fake documents "according to a criminal modus operandi."
- The Bulgarians allegedly were involved in planning the illegal immigration attempt
Geostrategy
Saudi, Kuwait to develop gas field despite Iran complaint
Saudi Arabia and Kuwait will develop a disputed gas field despite Iranian objections, while urging Tehran to engage in negotiations,...
- The two countries also issued a new invitation for Iran to negotiate over the boundary of the gas field
- Tehran had earlier said that the deal contravened "previously held negotiations", adding that it "reserves its right to exploit" the field
Geostrategy
Saudi organizations launch program to support Yemeni medical facilities
The Saudi Development and Reconstruction Program for Yemen (SDRPY) and the Saudi Red Crescent Authority (SRCA) announced today the provision of...
- The assistance is in the form of 30 ambulances and highly equipped urgent response vehicles.
- This announcement was made during the signing of a memorandum of cooperation between SDRPY and the SRCA, in Riyadh.
Geostrategy
Saudi Arabia pledges support to Lebanon in ‘tough times’
The Saudi ambassador to Lebanon, Waleed Al-Bukhari, has pledged the kingdom's support to Lebanon and its people during 'tough times.'...
- The Lebanese presidency said in a statement that the Saudi diplomat's remarks came during his visit to the Lebanese President Michel Aoun in Baabda Palace earlier today
- Al-Bukhari briefed President Aoun on the working mechanism of the Saudi-French joint Fund, allocated to humanitarian aid
Economy
IEA lowers world oil demand outlook on China lockdowns
Russian oil supply, meanwhile, is expected to continue to fall in April by 1.5 million barrels per day amid its...
- Rich countries have agreed to tap an additional 120 million barrels of oil from emergency reserves, with half from the United States.
- Prices fell below $100 in recent days as severe lockdowns in Shanghai raised concerns that crude demand from China would fall.
Ukraine crisis pushes US inflation to new four-decade high
"The Russia-Ukraine war has added further fuel to the blazing rate of inflation," Kathy Bostjancic of Oxford Economics said.
- Consumer price index has hit 8.5 percent over the 12 months to March, considered the biggest jump in last 4 decades
- Central bank Governor said that fall of Ukraine war "probably skews risks to the upside in inflation"
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Gaza civil defence says Israeli strikes kill 43 as truce talks deadlocked
Israel's military blamed it on a "technical error" when targeting a militant in the Nuseirat refugee camp in central Gaza,...
Geostrategy
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Gaza situation ‘indescribable’ as Blinken starts another Mideast tour
On his fifth trip to the region since the war broke out, Blinken will visit Saudi Arabia, Israel and mediators...
Geostrategy
Saudi, UAE ‘prior’ countries for Russia’s inbound tourism push
Moscow, Russia -- China, India, Iran, the United Arab Emirates (UAE) and Saudi Arabia will become prior countries for Russia...
Business
Iran starts construction on new 10MW nuclear research reactor
Tehran, Iran -- Iran said Monday it had started building a new nuclear research reactor in Isfahan, days after it announced...
Geostrategy
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Geostrategy
EU adopts cavalier approach in its desire for primacy
For EU leaders, it is their way or the highway as the wealthy, powerful bloc seeks to tame opposition and...
- Some reports say that Brussels had made a "confidential plan" to ruin Hungary's economy, shatter investor confidence, destroy its currency
- When non-Western countries accuse the West about their unfair trade sanctions, Western pundits dismiss the accusations as conspiracy theories
Geostrategy
Russian president to make ‘imminent’ visit to Turkey
Turkey's President Recep Tayyip Erdogan has managed to maintain trade and political relations with both Ukraine and Russia, allowing Russia...
- Turkey's media have mentioned February 12 as a likely date of Putin's visit
- The war in Gaza, energy, Black Sea trade routes and Syria will likely be discussed
Geostrategy
Blinken to arrive in Middle East to press for truce
The US secretary of state is expected to discuss a proposed truce hammered out in a Paris meeting in January...
- The US top diplomat is expected to visit Saudi Arabia, Israel, Egypt and Qatar
- He stressed the need for urgently addressing humanitarian needs in Gaza