Oil stabilises after surge, stocks drop as Middle East crisis fuels jitters
Of particular concern is the possibility of Iran shutting off the Strait of Hormuz, through which around an estimated fifth...
Geostrategy
China’s Xi in Kazakhstan to cement Central Asia ties
Astana, Kazakhstan - Chinese President Xi Jinping will meet Central Asian leaders at a summit in Kazakhstan on Tuesday, his...
Geostrategy
Geostrategy
Israeli PM in Russia for first talks with Putin
Naftali took office in June, taking over from Benjamin Netanyahu who was in power for 12 straight years and had...
- Russian state television showed images of Bennett's plane landing in Sochi, where the pair will meet
- Last week, Bennett's office said the pair will discuss Iran's nuclear program.
Geostrategy
Turkey’s Islamic defence consultancy takes on West
The company's manifesto says SADAT "aims to assist the Islamic world to take the role among the super global powers...
- The company's manifesto says SADAT "aims to assist the Islamic world to take the role among the super global powers as a self-sufficient global power."
- The firm was established in 2012 by Adnan Tanriverdi-- a brigadier general whose service ended during a purge of Islamic influence from the traditionally secular military in 1996
Geostrategy
Renewable energy jobs reach 12 million globally
A report by the International Renewable Energy Agency confirms Covid-19 caused delays and supply chain disruptions, with impacts on jobs...
- Off-grid solar lighting sales suffered due to Covid-19 disruptions, but companies were able to limit job losses.
- China commanded a 39 percent share of renewable energy jobs worldwide in 2020, followed by Brazil, India and the US.
Geostrategy
Syria says 24 executed over starting wildfires
Eleven others were sentenced to hard labor for life, four to temporary penal labor and five minors were handed jail...
- Their identities were not disclosed, and no details were provided on where and how the executions took place.
- The suspects were identified late last year in an interior ministry probe into wildfires in the provinces of Latakia, Tartus and Homs, the justice ministry said.
Geostrategy
Oversight panel will review Facebook VIP system
The so-called "cross-check" or "XCheck" system shields millions of elite users from rules that Facebook claims to apply equally at...
- Facebook has criticism after former employee Frances Haugen leaked internal studies showing the company knew of potential harm stoked by its sites.
- Whistleblower's revelations had prompted US lawmakers' to renew a push for regulation.
Economy
Turkey cuts interest rate for second successive month despite soaring inflation
Turkey's central bank cut interest rates for the second successive month on Thursday in what economists interpreted as confirmation of...
- The central bank has blamed rising inflation on "transitory" factors that will dissipate with time.
- The lira extended its fall into record-low territory against the dollar and euro after the announcement.
Geostrategy
Libya hosts international conference to drum up support ahead of elections
Libya and the UN have been striving to turn the page on the violence that has wracked the country since...
- The conference comes two months ahead of planned presidential polls under a United Nations-led peace process that seeks to end a decade of conflict and chaos
- Tripoli has said the world body's Under-Secretary General for Political Affairs Rosemary DiCarlo and Libya envoy Jan Kubis will attend
Geostrategy
UAE leader chats with Syrian President to improve relations
Abu Dhabi's Crown Prince Sheikh Mohammed bin Zayed al-Nahyan reviewed developments in Syria and the Middle East in a phone...
- the two leaders spoke about the relations between ‘the two fraternal nations’ and prospects of advancing cooperation across various fields
- Many countries from the Middle East have stepped up economic and diplomatic ties with Assad
Economy
Lebanon hikes fuel prices in de facto end to subsidies
The end to subsidies pushes the cost of filling a vehicle's tank to more than the monthly minimum wage in...
- The price increases have mostly erased massive queues at gas pumps that clogged streets across the country.
- The energy ministry on Wednesday also raised the price of diesel and cooking gas following a drop in Lebanese pound.
Arts & Culture
Tehran film fest opens as Oscar-qualifying event
The designation as Oscar-qualifying event came despite high tensions between Washington and Tehran, which have had no diplomatic relations since...
- This year's festival competition received more than 6,400 entries from 128 countries -- 2,000 more than last year.
- The festival, now in its 38th edition, has jury members from the Islamic republic as well as Italy, Japan, France and Austria.
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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
Oil stabilises after surge, stocks drop as Middle East crisis fuels jitters
Of particular concern is the possibility of Iran shutting off the Strait of Hormuz, through which around an estimated fifth...
Geostrategy
Company News
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Turkiye health tourism gains momentum
Geostrategy
UAE extradites the accused Gergely Franc to Belgium
Abu Dhabi, UAE - The UAE on Friday extradited Gergely Franc, an Albanian national, charged with premeditated murder, to Belgium....
Geostrategy
‘Let’s resolve to make 2024 a year of building trust’
"The United Nations will keep rallying the world for peace, sustainable development and human rights. Let’s resolve to make 2024...
Opinion
South Africa moves ICJ, accuses Israel of ‘genocidal acts’ in Gaza
South Africa launched a case at the International Court of Justice against Israel for what it said were "genocidal" acts...
Geostrategy
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Geostrategy
Google agrees to settle $5bn data privacy breach lawsuit
Google has agreed to settle a consumer privacy lawsuit seeking at least $5 billion in damages over allegations it tracked...
- The lawsuit, filed in a California court, claimed Google's practices had infringed on users' privacy by "intentionally" deceiving them
- Lawyers for the plaintiffs were seeking at least $5,000 for each user it said had been tracked as they visited Google Analytics in private browsing mode
Geostrategy
UN agency says Israel targeted Palestinian aid convoy
Gaza City, Palestinian Territories - The United Nations agency for Palestinian refugees said on Friday an aid convoy came under fire...
- The UN official said "Israeli soldiers fired at an aid convoy as it returned from northern Gaza along a route designated by the Israeli army".
- The Israeli military responded to requests for comment saying that it was looking into reports about the incident.
Geostrategy
Iran executes 4 on charges of spying for Israel, says judiciary
Iran hanged four people convicted of spying for arch foe Israel, the judiciary said, less than two weeks executing a...
- The group "committed extensive actions against the country's security under the guidance of the Mossad", Israel's spy agency, Mizan said.
- On December 16, a man also convicted of working for Mossad was executed in the southeastern province of Sistan-Baluchistan.