Its net profit is US$2.4bn in the six months to September end.

Tehran, Iran--Iranian President Ebrahim Raisi on Monday accused the United States of "encouraging" Israel to kill and carry out "cruel acts" against Palestinians in the Gaza Strip.Gunmen from the Palestinian Islamist group Hamas stormed across Gaza's border with Israel on October 7, killing about 1,400 people, mostly civilians, and taking...

Dubai, UAE-- The United Arab Emirates (UAE) and China have called for a closed-door meeting of the UN Security Council on the Palestinian-Israeli conflict for Monday.The UN Security Council will discuss, in particular, the strikes on the Palestinian refugee camp Jabalia in the north of the Gaza Strip and a...

During his meeting with Blinken on Sunday, Iraqi Prime Minister reiterated calls for a ceasefire and pointed to "the urgency of containing the crisis and preventing its spread", a statement from his office said. Iraq does not recognize Israel as a state and its government is close to Iran, which...

Taking to X, formerly Twitter, King Abdullah said that Jordan's air force personnel air-dropped at midnight urgent medical aid to Jordanian's field hospital in Gaza. Terming it as "our duty to aid our brothers and sisters injured in the war on Gaza", he said the kingdom will always be there...

Riyadh, Saudi Arabia -- Saudi Arabia has announced it will continue the voluntary cut of one million barrels per day, which went into implementation in July 2023 and was later extended until the end of December 2023. The Kingdom’s production in the month of December 2023 will be approximately 9...

Dubai, UAE--Global assets invested in exchange-traded funds (ETFs) tied to the spot price of bitcoin now total US$4.16 billion, showed data by CoinGecko, a cryptocurrency data and analysis company. According to a few media reports nearly half of that sum, or $2 billion, is invested in the seven spot bitcoin...

Turkey has hardened its attitude toward both Israel and its Western supporters, particularly the US, as the relentless Israeli attacks on the besieged enclave of Gaza sent the death toll among Palestinians shockingly up. Turkey's decision came on the eve of what promises to be a difficult visit to Turkey...

Global outcry mounts as thousands protest in the US, UK, France, and Germany, defying their governments' support for Israeli aggression and demanding ceasefire in Gaza.

Jerusalem - The Israeli military said on Saturday it had struck "two cells" and a Hizbollah post in response to attempted firing from Lebanon as cross-border shelling continued while Israel fights Hamas in Gaza.The latest skirmishes came a day after Hizbollah chief Hassan Nasrallah warned that the war between Israel...

Dubai, UAE-- A day after Bahrain's parliament announced that its ambassador to Israel is being recalled, the Jewish state said it had not been informed about such a move, adding that relations with the Gulf state were “stable”.According to Israel's Foreign Ministry, the country has not received any “announcement or...

After discussing with Israeli PM Benjamin Netanyahu the idea of "humanitarian pauses" to secure the release of hostages held by Hamas and to allow aid into Gaza, he arrived in Amman where he will also join a meeting of foreign ministers of five Arab countries to be attended by a...

WASHINGTON, US - Elon Musk said his new artificial intelligence company would release a new AI model on Saturday to a "select group" of users as he looks to rival industry leaders OpenAI and Google.The release would be the first from Musk's new startup, xAI, that he launched in July after...

NEW YORK, US  - Hamas is ready for a "complete compromise" deal on the issue of swapping hostages with Israel, Ghazi Hamad, a senior member of the Palestinian group's political bureau, said in an interview with NBC News. “We want these people to go home,” Hamad said. “And, also, we...

Baghdad, Iraq - An international summit in Baghdad on "regional stability" planned for late November has been postponed due to the ongoing Israel-Hamas war, an Iraqi official told AFP on Thursday.The third edition of the Baghdad conference "for economic integration and regional stability", co-organised by France, "is postponed until further notice...

"Russia is dependent on willing third-country individuals and entities to resupply its military and perpetuate its heinous war against Ukraine and we will not hesitate in holding them accountable," said Treasury Secretary Janet Yellen in a statement. The Treasury added on Thursday that Russia has been exploiting "otherwise legitimate economic...

London, United Kingdom – UK Prime Minister Rishi Sunak on Thursday hosts political and tech leaders at the inaugural global AI safety summit, predicting the technology will radically alter society for generations to come.The release of ChatGPT and other generative AI systems, which are capable of quickly producing text, images...

The 80-year-old Democrat was delivering remarks to some 200 supporters in the northern US state when a member of the audience shouted out to him. "As a rabbi, I need you to call for a ceasefire right now," she said, referring to the deadly conflict between Israel and Hamas. The...

The UAE's central bank has kept its Base Rate for the Overnight Deposit Facility (ODF) unchanged at 5.40 percent. It is closely tied to the US Federal Reserve's Interest on Reserve Balances (IORB), reflecting the general stance of the CBUAE's monetary policy. Qatar Central Bank too has maintained its current...

The bombing campaign by Israel in Gaza has killed more than 8,500 people, two-thirds of them women and children, according to the Hamas-run health ministry.

The US tightening sanctions on Iranian oil could have a negative impact on individual and institutional investment portfolios by disrupting the energy sector, contributing to inflationary pressures, and intensifying geopolitical risks. You need to be aware of the risks – but also the opportunities, he adds.

The Asian giant's share of global manufacturing jobs will rise to 43 percent of the total by that year -- making China one of the only countries to see growth in such jobs during that time, according to a study by the Washington-based Center for Global Development. Major Western economies...

A string of attacks have been carried out against US forces in Iraq and Syria as well as increasing exchanges of fire between Hezbollah and Israeli forces on the Lebanon border since the Gaza conflict began. Late Sunday, the Israeli military said it was striking "Hezbollah terrorist targets in Lebanon".

The Federal Reserve will likely announce it is holding interest rates at a 22-year high on Wednesday, as it looks to tackle inflation without damaging the resilient US economy. Analysts and traders parsing recent Fed speeches overwhelmingly expect the US central bank to hold rates steady for the second meeting...

Doha, Qatar--Qatar National Bank (QNB) said that the global macro trends are starting to present short-term challenges to emerging markets (EM), weighing on capital flows.In its weekly commentary, QNB said, "Late last year and early this year, emerging markets (EM) started to benefit from significant tailwinds, driven by the economic...

Israel and Turkey -- an overwhelmingly Muslim nation that forms the bulwark of NATO defenses on the edge of the Middle East -- had only just agreed to reappoint ambassadors last year. But their relations unraveled as Erdogan began to pick up the pace and venom of his attacks on...

Mirjana Spoljaric, the president of the ICRC spoke of her shock at the " intolerable level of human suffering" and called for a de-escalation. She said that it is a "catastrophic failing" that the world must not tolerate as Israel said its war on Hamas had entered a new phase.

White House National Security Council spokesman John Kirby said the US supports pauses in Israel's war against Hamas in order to let aid to flow into the Gaza Strip. He said the aid can include fuel needed for the restoration of electrical power, medical care, water purification and "so many...

Net income of US chip giant tallied $300 million.

Berlin, Germany - Germany's BioNTech and US pharmaceutical giant Pfizer on Thursday announced "positive" results from initial trials of their combined mRNA vaccine against Covid-19 and influenza.Phase one and two trials of the vaccine had produced "robust immune responses" against both illnesses and showed a "safety profile consistent with the safety...

Its operating profit shot up to US$400m for the third quarter.

The county sheriff's department asked people to lock down or close their business while "we investigate." The gunman is still at large. According to City Councilor Robert McCarthy, the death toll had climbed to 22 in the shooting spree at a bowling alley and also at least one other location,...

The ongoing US-China technological decoupling is likely to harm global capabilities, Chinese Professor Wu Xiabo tells TRENDS in an interview.

The firm trims full-year forecast for deliveries of the 737.

Qatar's top diplomat Mohammed bin Abdulrahman Al-Thani said the two governments -- both Western allies -- "reaffirm our complete rejection of responding to the crisis with double standards when it comes to human life". "It is not permissible to condemn the killing of civilians in one context and justify it...

Oil slid but most world stock markets rose in anticipation of a raft of strong US corporate earnings, even as economic and geopolitical fears still dog sentiment ahead of this week's eurozone interest rate decision. Volatile US Treasury yields had affected stock trading on Monday in the United States.

Revenues rose five percent to $44.1 billion, the company said.

Many states including Jordan on behalf of an Arab group of nations, Russia, Syria, Bangladesh, Vietnam and Combodia formally requested General Assembly president to schedule the meeting. The UN Security Council, regularly divided on the Israeli-Palestinian issue, rejected a Russian draft resolution last week calling for a "humanitarian pause."

Paris, France - Stock markets slid on Monday, extending last week's sell-off n fears of a regional conflict in the Middle East and worries that US interest rates will remain elevated for longer than initially thought.The concerns about US interest rates have also been affecting bond markets, with the yield on...

Chevron last year posted a record profit of $35.5 billion.

The White House statement the Western leaders voiced commitment to coordinate "to ensure sustained and safe access to food, water, medical care, and other assistance required to meet humanitarian needs." They also pledged close diplomatic coordination "to prevent the conflict from spreading, preserve stability in the Middle East, and work...

The United States warned against any "escalation" in the Middle East in the wake of Israel's war with Hamas, Defense Secretary Lloyd Austin said, hours after the Pentagon moved to step up military readiness in the region. The US has seen a "prospect of escalation of attacks on our troops"...

It has repeatedly called for talks on ending the conflict, which has risked undermining its growing ties with Iran and complicated its relations with long-time partner Israel. President Vladimir Putin spoke to Israeli Prime Minister Benjamin Netanyahu as well as Iranian and Arab leaders earlier this week in the hope...

Since Wednesday, three Iraqi bases used by US-led coalition troops have been targeted in five separate attacks -- Ain al-Assad, the Al-Harir base in northern Iraq and a military camp near Baghdad airport. The United States currently has about 2,500 troops stationed at the three bases, alongside around 1,000 soldiers...

Berlin, Germany--Qatar, a key power in the efforts to release hostages seized by Hamas from Israel, believes they can be released "very soon" thanks to ongoing discussions, a Qatari Foreign Ministry spokesman told the German Welt am Sonntag newspaper Saturday.Doha's mediation played a key role in the release on Friday evening...

Saturday's was the first such delivery since the war broke out two weeks ago between Israel and Hamas, which rules the Palestinian enclave of 2.4 million people. President Joe Biden said in a statement that the opening of "this essential supply route was the result of days of diplomatic engagement...

Washington, US - The United States on Saturday welcomed the arrival of aid trucks from Egypt in the war-torn Gaza Strip, and urged all parties to keep the Rafah crossing open.US Secretary of State Antony Blinken urged "all parties to keep the Rafah crossing open to enable the continued movement of...

Baghdad, Iraq - US troops stationed at two bases in Iraq have been targeted with rocket attacks that caused no casualties, US and Iraqi military sources said Friday, against the backdrop of the Israel-Hamas war.Armed factions close to Iran have threatened to attack US interests in Iraq over Washington's support for...

The six-member Gulf Cooperation Council (GCC) and the 10-member Association of Southeast Asian Nations (ASEAN) also called for the release of some 200 hostages held by Hamas, as well as the restoration of basic services for Palestinians and the delivery of humanitarian aid.

Moody's announced that it was putting a number of the Israeli government's credit ratings on review for a downgrade, including its long-term foreign-currency and local-currency ratings, because of the war. "Israel's credit profile has proven resilient to terrorist attacks and military conflict in the past," it said.