Trump says ‘no extensions’ to Aug 1 tariff deadline
While Trump imposed a sweeping 10 percent tariff on goods from almost all trading partners in April, higher rates customized...
Geostrategy
US revoking terrorist designation for Syria’s HTS
An armed coalition led by HTS leader Ahmed al-Sharaa overthrew then-Syrian president Bashar al-Assad in December, ending half a century...
Geostrategy
Geostrategy
Zelensky rules out surrender, presses Putin for talks
"Ukraine cannot fulfil Russian ultimatums," Zelensky said. "We should be destroyed first."
- "Ukraine cannot fulfil Russian ultimatums," Zelensky said. "We should be destroyed first."
- Moscow has meanwhile ramped up its air and sea operations, flying 300 sorties in the past 24 hours
Geostrategy
Oil prices soar on Saudi, Russian supply fears
Oil prices soared Monday as a weekend attack on Saudi facilities and discussions among European Union members over banning Russian...
- At a meeting Monday, EU nations remained split over banning Russian energy imports, with Germany, reluctant given its huge reliance on Russian gas.
- Kremlin spokesman Dmitry Peskov warned that an oil embargo "is a decision that will hit everyone."
Geostrategy
Untapped groundwater offers ‘vast potential’: UNESCO report
UNESCO stated that about 99 percent of all of the liquid groundwater on Earth is groundwater, although the resource is...
- Water consumption is expected to increase by one percent annually over the next 30 years, UNESCO said, driven by population growth and demand from industry and agriculture.
- Groundwater currently constitutes about 50 percent of the water withdrawn for domestic use worldwide, and 25 percent of the volume used for irrigation.
Geostrategy
Lebanon central bank chief charged with enrichment, money laundering
A Lebanese judge Monday charged central bank chief Riad Salameh with "illicit enrichment" and money laundering after he failed to...
- Central Bank chief Riad Salameh's brother Raja was charged with "facilitating money laundering" after he was arrested last week over financial misconduct.
- The judge is overseeing several legal cases against the central bank governor, who has repeatedly failed to show up at hearings.
Business
Egypt and Saudi Arabia to boost bilateral economic cooperation
Hala Al-Saeed, Egypt’s minister of planning and economic development, discussed ways to enhance future cooperation between Egypt and Saudi Arabia...
- A discussion was held between Egypt's minister of planning and Saudi Arabia's minister of trade.
- The minister of Egypt stressed her keenness to consolidate relations between the Egyptian and Saudi business communities.
Ukraine Rejects Putin’s Ultimatum to Surrender Mariupol
The UN has described the humanitarian situation in the city as "extremely dire" with "residents facing a critical and potentially...
- US president will meet leaders from NATO, the G7 and would also travel to Poland for crisis talks over Russian invasion
- Earlier Russia said that Ukraine had until 5am on March 21 to surrender, threatening a "court martial" if not
Geostrategy
Iraq digs up mass grave containing bodies of IS fighters, relatives
Iraqi authorities said Sunday that they had exhumed the remains of 85 Islamic State group fighters and their relatives from...
- The remains of 35 people killed between 2016 and 2017 were dug up on Saturday while 50 were found on Sunday.
- It is the first announcement of a mass grave of IS fighters killed during the 2016-2017 battle to recapture Mosul, the extremist group's former stronghold.
Geostrategy
India pitches for collaboration with GCC in steel sector
"As part of the Steel Week, one-to-one meetings were held with leading players in steel production and logistics industries based...
- "One-to-one meetings were held with leading players in steel production and logistics industries based in the UAE," the Indian Ministry of Steel said in a statement
- The Indian government has recently launched a flagship scheme for specialty steel called Production-Linked Incentive
Geostrategy
Yemeni-Yemeni dialogue an opportunity to end conflict: GCC Secretary General
Al-Hajraf said that the dialogue represents a platform to all Yemenis to end the dispute.
- Al-Hajraf said that the dialogue represents a platform to all Yemenis to end the dispute
- The consultations aim at urging all Yemeni parties to accept ceasefire and pursue peace talks
Economy
Iran’s Khamenei hopes for economic upturn in Persian New Year speech
Khamenei said the toughest problems encountered last year were due to "rising prices and inflation".
- Khamenei said the toughest problems encountered last year were due to "rising prices and inflation."
- Iran's economy has suffered under stringent sanctions that were reimposed by the US in 2018
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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
Trump says ‘no extensions’ to Aug 1 tariff deadline
While Trump imposed a sweeping 10 percent tariff on goods from almost all trading partners in April, higher rates customized...
Geostrategy
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Yemen’s Houthis fire missiles at US warship: rebel statement
The Houthis, part of the anti-Western, anti-Israel "axis of resistance" of Iranian-backed groups, have been harassing Red Sea shipping for...
Geostrategy
Palestinian aid agency can’t be replaced, UN says
Several countries, including the United States, Britain, Germany and Japan, have suspended funding to the UNRWA agency, and the UN...
Geostrategy
Pakistan ex-PM Imran Khan and wife get 14 years jail in graft case
Since being ousted in 2022, Khan has been buried by court cases he claims have been triggered to prevent his...
Geostrategy
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Geostrategy
Former Pakistan PM Imran Khan handed 10-year prison term
Islamabad, Pakistan - Former Pakistan prime minister Imran Khan was sentenced on Tuesday to 10 years in prison, less than two...
- Tuesday's sentence for leaking classified state documents was handed down inside Adiala jail -- where Khan has been confined for much of the time since his August arrest
- Local media reported the convictions and sentences although state TV did not use Khan's name, obeying strict censorship measures that have alarmed rights monitors
Geostrategy
Israeli strikes on Gaza continue as mediators push for new truce
Heavy Israeli strikes and urban combat across the besieged Gaza Strip killed 128 more people overnight, the health ministry in...
- The World Health Organization called the row over UNRWA "a distraction from what's really going on every day, every hour, every minute in Gaza".
- Israel's top ally the United States expressed hope for a deal, with Blinken telling reporters that "very important, productive work has been done".
Business
Ras Al Khaimah witnesses rise in issue of valid business licenses in 2023
RAS AL KHAIMAH, UAE - The economic growth of the Emirate continued to accelerate in 2023, with the Department of...
- The industrial sector in Ras Al Khaimah achieved a 5.3 percent annual growth rate in valid licence capital.
- Commercial licences experienced a 14.4 percent annual increase, bringing their total capital to $1.3 billion.