Istanbul, Turkey--The commodity markets saw supply concerns and rises by optimism from China, despite the negative impact of the Fed's announcements, sanctions, and ongoing geopolitical risks. Uncertainties as to when the Fed will start cutting interest rates persist, and the minutes of last week's Federal Open Market Committee (FOMC) meeting...
As truce talks resume in Cairo, people in Gaza suffer from hunger
Heavy fighting rocked besieged Gaza as aid agencies warned of looming famine and new talks were held in Cairo towards an Israel-Hamas ceasefire and hostage release deal. The White House sent Middle East envoy Brett McGurk for renewed talks, a day after a UNSC resolution calling for a ceasefire was...
Abu Dhabi-backed fund takeover of Telegraph triggers UK probe into sale
Dubai, UAE--The UK government has ordered a formal probe into the proposed sale of the Telegraph Media Group to an Abu Dhabi-backed investment fund. The investment fund, RedBird IMI, disclosed earlier this month that it was set to take control of The Daily and Sunday Telegraph sister newspapers and The...Top Iran and Russia diplomats hold talks, voice concern at ‘confrontation’ in Gaza
Moscow, Russia-- Iran and Russia have held talks over the ongoing Israel's war on the Gaza Strip, expressing "concern over the continuing armed confrontation" there. The deliberations were conducted in talks over telephone between the Russian and Iranian foreign ministers, Sergey Lavrov and Hossein Amir-Abdollahian, the Russian foreign ministry said...
Oil prices surge for 6th straight week as global supplies tighten
Dubai, UAE--Oil prices soared more than a dollar a barrel on Friday to record a sixth consecutive week of gains, after top producers Saudi Arabia and Russia extended supply cuts through September, adding to undersupply concerns. Brent crude futures rose $1.10, or 1.3%, to settle at $86.24 a barrel, while...
Global investment in clean energy to rise to US$1.7trn: IEA
Paris, France--Investment in clean energy across the world is expected to rise to US$1.7 trillion in 2023, with solar set to eclipse oil production for the first time, according to a report by the International Energy Agency. The report noted that Investment in clean energy technologies is significantly outpacing spending...
UAE, Algerian ministers discuss enhancing bilateral cooperation
ABU DHABI, UAE - UAE Minister of Foreign Affairs and International Cooperation Sheikh Abdullah bin Zayed Al Nahyan and Algerian Minister of Industry Ahmed Zeghdar discussed enhancing cooperation in the economic, industrial and commercial sectors between the two countries. In a meeting between Sheikh Abdullah and Zeghdar in Abu...
Iran tests rocket capable of sending satellites into space
Three months after launching a satellite with the help of Russia, Iran has announced the successful test flight of a rocket capable of propelling satellites into space. While countries like the US have voiced concern that it could boost Iran's ballistic missile technology, Iran insists that such launches are for...
Jordan’s King meets Russian minister, urges stability in southern Syria
AMMAN, JORDAN - Jordan's King Abdullah received Russian Foreign Minister Sergey Lavrov in Amman on Thursday and stressed the importance of stabilizing Syria, especially the southern part. King Abdullah noted the need to activate efforts to reach a political solution to the crisis in Syria, safeguarding its unity and territorial...
European nations call closure of Palestinian NGOs ‘not acceptable’
Terming the Israeli closure of seven Palestinian NGOs in the West Bank as not acceptable, the foreign ministries of nine European countries have said they are deeply concerned by a 'worrying reduction' of space for civil society in the territory.
UN Security Council expresses concern over Gaza fighting
Diplomats at the UN Security Council have expressed concern at the situation in Gaza despite the tenuous truce between Islamic Jihad and Israel after three days of deadly fighting. Russian ambassador stressed the council is "deeply concern by this turn of events, which could lead to the resumption of a...
Twitter employees to meet Musk
They are concerned about his influence on the company board.
Iran nuclear talks set for pause amid European ‘concern’
Negotiations in Vienna aimed at reviving the Iran nuclear deal are to be suspended Friday, Iranian media said, as European diplomats expressed "disappointment and concern" at the latest proposals from Iran. Iran said it has submitted two draft proposals for the nuclear agreement, which has been in tatters since the...
Omicron batters indices across MENA
Stock markets across the MENA region suffered losses on Sunday as dip in oil prices and mounting concern over ‘Omicron’ weighed heavily on investors’ minds.
White House frets anxious about high oil prices
Jen Psaki says there is enough production capacity globally US crude production peaked in Jan 2020 at nearly 13m bpd The White House is worried about the impact of rising oil prices on US consumers but believes producers have ample ability to pump enough crude. “Currently we believe that there...
