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Bosch to cut 13,000 jobs

This is a blow to Germany's ailing car sector.

Aldar ups stake in Aldar Estates

Acquires Modon Holding’s 17.45% stake

Oracle shares up 35%

Huge AI contracts lead to the surge.

ADCB to raise $1.66bn

The rights issue aimed at boosting growth.

EGA H1 revenue $4.11bn

Net profit before GAC $445 million.

Both sides in Sudan must be made accountable, says UN official

BRUSSELS, BELGIUM -  Sudan's warring sides must face "accountability" for the "crimes" committed in their conflict, which risks spiraling into a...
  • The fighting, which began in mid-April, risks morphing into a tribalized and ideologized conflict, head of UN mission in Sudan said.
  • Around 3,000 people have been killed, and the UN has warned of possible crimes against humanity in the western region of Darfur.

Syria cancels BBC’s accreditation over ‘misleading reports’

In a rare move against an international media organization, the Syrian government has cancelled the BBC's accreditation over what it...
  • The information ministry said that accreditation of the BBC Radio correspondent in Syria was also revoked
  • In a terse statement BBC responded that its Arabic news provides impartial independent journalism

EU support for Ukraine’s membership unequivocal, says Spanish PM

Spanish Prime Minister Pedro Sanchez said that his visit to Kyiv on the first day of Spain's EU presidency showed...
  • Ukraine applied for EU membership just five days after Russia's invasion on February 24, 2022.
  • It is hoping to begin formal negotiations this year on what it needs to do to firm up its membership bid.

French president announces measures to quell riots

French President Emmanuel Macron announced measures including more police and urged parents to keep minors off the streets as he...
  • French President Macron attempted to strike a balance between political pressure for a harsh response and fears of triggering a still stronger backlash.
  • "Additional means" would be mobilized by government to tackle the rioting, Macron said, without specifying how many more officers might be involved.

Key judicial reform clause thrown out, says Israeli PM

Israeli Prime Minister Benjamin Netanyahu said he had "thrown out" a key provision of his controversial judicial reform plan that...
  • The proposed changes to the justice system have also drawn intense criticism from the international community.
  • The proposals had sparked one the country's biggest protest movements with thousands taking to the streets since they were announced in January.

Kuwait, UN sign MoU to enhance cooperation in counter terrorism

NEW YORK, US - Kuwait Ministry of Foreign Affairs and the United Nations signed a Memorandum of Understanding (MoU) aimed...
  • A training program for Kuwaitis and the establishment of special workshops in the field of combating terrorism was discussed.
  • The country has tried to strengthen global partnerships in combating terrorism, Kuwait's assistant minister said.

Three killed in Syria by Turkish drone attack

QAMISHLI, SYRIA- A Turkish drone strike killed three employees of northeast Syria's semi-autonomous Kurdish administration on Tuesday, a spokesman said, amid...
  • The strike targeted "a vehicle transporting civilian employees, killing two Kurdish women and a Christian" man.
  • The Syrian Observatory for Human Rights war monitor said Tuesday's strike hit a vehicle on a road.

Exiled Iranian opposition outraged after Paris police block proposed rally

PARIS, FRANCE -  A major exiled Iranian opposition group on Tuesday expressed fury after Paris police refused to grant permission for...
  • The National Council of Resistance of Iran, which calls for the overthrow of Iran's clerical leadership, asked permission for the rally in Paris on July 1,
  • The NCRI claimed that Paris was giving into pressure from Tehran as France was concerned over the fate of four French nationals held by Iran.

Israel defiant amid global criticism over West Bank settlement expansion

UN Middle East envoy Tor Wennesland issued a warning on Monday against changes made by the Israeli government that will...
  • Israeli official describes the changes as a reduction of unnecessary administrative procedures
  • Defending the changes, Israeli government asserts that Israel is their country, "in its entirety"

Kuwait forms new government led by Sheikh Ahmad Nawaf al-Sabah

Kuwait - Kuwait on Sunday formed a new government led by the Prime Minister, Sheikh Ahmad Nawaf Al-Ahmad Al-Jaber Al-Sabah....
  • Saad Al Barrak was named as oil minister, replacing Bader Al-Mulla and Manaf Abdulaziz Al Hajri was reappointed as Finance Minister.
  • The outgoing government had resigned following parliamentary elections held earlier this month in the Gulf OPEC oil producer

Mamdani confirmed as Democratic candidate for New York mayor

Rising star of the American left Zohran Mamdani is now officially the Democratic candidate for mayor of New York City,...

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Iran declares 41 percent voter turnout in key elections

Tehran, Iran - Iran on Monday announced a turnout of 41 percent in last week's elections for parliament and a key...

Polls for Iraq Kurd parliament postponed to June

Iraqi Kurds announced that polls to elect a new parliament in the autonomous region would be held in June, after...

Conservatives tipped to win in Iranian elections as counting begins

Tehran, Iran - Iran began counting ballots on Saturday after a vote for parliament and a key clerical body, with local...

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Iran gears up for elections dominated by conservatives

Conservative daily Vatan-e-Emrouz hailed what it called the population's "interest in the candidates' electoral campaigns", which began on February 22....
  • The vote comes amid mounting economic difficulties in Iran, which has also been grappling with the fallout of mass protests triggered by the 2022 death in custody of Mahsa Amini
  • The Islamic republic's supreme leader Ayatollah Ali Khamenei is due to be the first to cast his ballot on Friday at 8:00 am (0430 GMT) at one of the 59,000 polling stations

Hawkish economic approach on China has bipartisan support in US, say analysts

WASHINGTON, US  - In a shift from tit-for-tat tariffs and strong-arm tactics to tech restrictions and investment curbs, US policy towards...
  • Despite differences between Democrats and Republicans, analysts expect Washington's approach to Beijing will only become tougher.
  • Biden has largely maintained Trump-era tariffs, rolled out export control restrictions to curtail China's ability to buy and make certain high-end chips.

Pakistan parties reach power-sharing agreement, Khan loyalists left out

After weeks of negotiations, Khan's adversaries announced at a late-night press conference in the capital Islamabad that a power-sharing agreement...
  • The army-backed Pakistan Muslim League-Nawaz (PML-N) and The Pakistan Peoples Party (PPP) said they had settled days of negotiations on securing a majority
  • Candidates loyal to Khan's Pakistan Tehreek-e-Insaf (PTI) party won the most seats but were forced to stand as independents following a sweeping crackdown on the party