"Egypt needs support, so let's support Egypt," said Michel, who is in Washington to attend a summit with US President Joe Biden and European Commission President Ursula von der Leyen on Friday. He added that he would meet Egyptian President Abdel Fattah al-Sisi during his weekend visit.

Washington, United States - US military forces in the Middle East have faced multiple threats from drone attacks in Middle East, Washington Post reported today. A US Navy destroyer in the Red Sea successfully intercepted a salvo of cruise missiles and drones launched toward Israel from Yemen. These actions come...

US president said the aid convoy would be allowed to go into Gaza from the Rafah crossing in a first batch of humanitarian aid. According to him, the shipment would likely not cross until Friday as the road at the crossing needed repairs. It became possible only after Egypt's president...

"In light of (US) President (Joe) Biden's demand, Israel would not foil the supply of humanitarian aid via Egypt," the prime minister's office said, announcing a cabinet decision. The statement noted that aid to civilians in the southern Gaza Strip would be allowed "so long as these supplies do not...

Following Hezbollah's call, hundreds of demonstrators scuffled Tuesday night with Lebanese security forces outside the US embassy in the Beirut suburb of Awkar, where protesters hurled stones and set a building on fire, according to AFP correspondents. Palestinian refugee camps in the southern cities of Sidon and Tyre erupted in...

Last year Shell inked a deal with QatarEnergy for a 9.4% stake in Qatar's North Field South project, the second phase in the expansion of the world's largest gas field, extending under the Gulf into Iranian territory. Later it also agreed to a 6.25% share in the first phase of...

Antonio Guterres, speaking at an economic forum in China, condemned the October 7 Hamas attacks on Israel that killed more than 1,400 people as "acts of terror" that could not be justified. "But those attacks cannot justify the collective punishment of the Palestinian people," Guterres said. He urged Israel to...

US and European stock markets mostly fell and oil prices rose as US President Joe Biden prepared for a trip to the Middle East aimed at preventing the Israel-Hamas conflict spreading across the region. Investors also weighed another raft of company earnings and rising interest rates.

Nicosia, Cyprus - A first group of evacuees from Israel arrived in Cyprus on Tuesday aboard a US-chartered cruise ship as the island's authorities announced plans for a twice-daily ferry link for those wishing to leave.The 159 evacuees on board the Royal Caribbean cruise ship Rhapsody of the Sea primarily consisted...

As Israel prepares for a ground offensive into the Gaza Strip, the international community has mobilized to try to protect civilians and prevent the conflict spreading across the region. But Tel Aviv's avowed determination to crush Hamas, the group behind the October 7 attack on Israel, are hampering mediation efforts.

Detectives were able to determine that both victims in this brutal attack were targeted by the suspect due to them being Muslim, the sheriff's office said. US President Joe Biden said that the Palestinian Muslim family came to America seeking "what we all seek -- a refuge to live, learn,...

Israel, seeking vengeance for an attack by Hamas on October 7, has declared war on the militant group, launching a relentless bombing campaign and warning more than a million people in northern Gaza to move south ahead of the operation. Asked by CBS news program 60 Minutes if he would...

As Israeli politicians look to expel Palestinians from the Gaza Strip into neighbouring Egypt, US Secretary of State Antony Blinken has categorically rejected the idea, saying they should be able to stay as Israel battles Hamas. Blinken is on a crisis tour of the Middle East after Hamas fighters attacked...

Wang's remarks, made on a call to his Saudi Arabian counterpart Prince Faisal bin Farhan on Saturday, came as Israel appeared poised for a ground offensive against Hamas fighters in Gaza. Israel should listen earnestly to the calls of the international community and the UN secretary general, and cease its...

The top US diplomat has been touring the region after Hamas fighters infiltrated Israel from the blockaded Gaza Strip on October 7 and killed 1,300 people, mostly civilians, and took about 150 hostages. Blinken will travel later Sunday to Egypt, the sixth Arab country he will visit as he seeks...

The presence of the USS Eisenhower and its affiliated warships in the eastern Mediterranean signals Washington's "ironclad commitment to Israel's security and our resolve to deter any state or non-state actor seeking to escalate this war," Secretary of Defense Lloyd Austin said in a statement. The Eisenhower joins the USS...

Riyadh, Saudi Arabia - Egypt and Israel have agreed to let US citizens leave the Gaza Strip through the Rafah crossing on Saturday as Israel carries out strikes against Hamas, a US official said.The two US partners agreed to keep the sole crossing from Gaza to Egypt open from 12:00 pm...

Calling for an end to "Israeli occupation" and the "liberation" of the Palestinian territories, protesters took up multiple blocks in a city that serves as a crossroads for religions and nationalities spanning the world. The largely youthful protest -- which drew demonstrators of all origins, some sporting Palestinian flags and...

Tehran, Iran-- Iran said the United States "can not renege" on an agreement to transfer $6 billion in frozen funds through mediator Qatar following Hamas bloody assault on Israel.Tehran, which financially and militarily backs Hamas, has come under intense scrutiny since fighters of the Islamist group stormed across Israel's southern border...

The bank’s revenues rose 22 percent to US$39.9 billion.

The company’s revenues rose 11 percent to $15.5 billion.

Washington, United States -- The second American aircraft carrier, the Dwight Eisenhower, will be placed in the Mediterranean Sea, coordinator for strategic communications at the National Security Council of the White House John Kirby said at a regular briefing for journalists."As you also know, the aircraft carrier USS Gerald R....

Abu Dhabi, UAE-- The UAE and US have reviewed ways to accelerate cooperation in priority sectors such as clean energy, sustainable industrial development and advanced technology – areas where the UAE and US already share a successful track record.The discussion on the boosting of ties came up in a meeting...

This is the company's biggest takeover since 1990 acquisition of Mobil.

Washington, United States - US wholesale prices rose more than expected in September, government data showed Thursday, as energy prices continued to climb.The producer price index (PPI) rose by 0.5 percent last month, building on August's 0.7 percent increase, according to data from the Labor Department.This was above the median expectation...

Marrakech, Morocco-- The International Monetary Fund on Tuesday cut its growth forecasts for China and the euro zone and said overall global growth remained low and uneven despite what it called the "remarkable strength" of the U.S. economy.In its latest World Economic Outlook, the IMF left its forecast for global...

Benguerir, Morocco - US Treasury Secretary Janet Yellen said on Tuesday she backed efforts to boost the lending firepower of the IMF and World Bank to combat poverty and climate change.Speaking on the sidelines of the IMF-World Bank annual meetings in Morocco, Yellen said the global lending system had already changed...

"Equity markets are bouncing back on Tuesday after a risk-averse start to the week, buoyed... by some promising Fed commentary," said analyst Craig Erlam at trading firm OANDA.

The IMF kept its 2023 global growth forecast unchanged but warned that the economy is "limping along" as inflation remains high and the outlooks for China and Germany were downgraded. The IMF's updated World Economic Outlook still sees growth of 3.0 percent for this year but it cut its forecast...

Tensions in the Middle East bubbled up in New York City Monday, where hundreds of pro-Palestinian demonstrators gathered to denounce the Israeli government and demand that the United States stop its support, while supporters of Israel convened for their own counter-protests and prayers. A heavy police presence and security barriers...

Israel imposed a total siege on the Gaza Strip and cut off the water supply as it kept bombing targets in the Palestinian enclave in response to the Hamas surprise assault it has likened to the 9/11 attacks. Israel has counted over 700 dead and launched strikes on Gaza that...

The attack and Israel's declaration of war in response to it have raised concerns that a potential broadening of the conflict could draw in the United States and Iran. "Key for markets is whether the conflict remains contained or spreads to involve other regions, particularly Saudi Arabia," said ANZ Group's...

Abu Dhabi, UAE--UAE President Sheikh Mohamed bin Zayed discussed how to deepen strategic alliance with the US in a meeting with US Senator Joni Ernst of Iowa in Abu Dhabi on Friday. During the meeting at Qasr Al Shati, the two sides exchanged views on a number of regional and...

US troops observed drones carrying out strikes early Thursday, some of them inside a "restricted operating zone" (ROZ) near Hasakeh, about a kilometer (less than a mile) from American troops, Pentagon spokesman Brigadier General Pat Ryder told journalists. A few hours later, a Turkish drone returned to the ROZ and...

The central character, pickpocket turned master assassin Basim, speaks classical Arabic in "Assassin's Creed Mirage",.

WASHINGTON, US - The growth of the economies in the Middle East and North Africa (MENA) is expected to fall sharply this year, the World Bank said.The region’s gross domestic product (GDP) is expected to fall to 1.9 percent in 2023 from 6 percent in 2022, due to oil production...

The Green Climate Fund (GCF) was set up as part of the landmark 2015 Paris Agreement to funnel grants and loans to developing countries for adaptation and mitigation projects in a warming world. The fund plays a part in the promise by rich countries to supply $100bn of climate finance...

The Kingdom's production in the coming months November and December will be approximately 9 million barrels per day, the country's energy ministry said. It added the decision will be reviewed next month to consider deepening the cut or increasing production. The additional voluntary cut comes to reinforce the precautionary efforts...

They will conduct a study to build a direct air-capture facility.

The focus has been on US Treasury bond yields that have surged to levels not seen in over a decade, suggesting doubts about prospects for growth and corporate earnings. The yield on the benchmark 10-year Treasury bond has reached the highest level since 2007 -- the beginning of two years...

JAZAN, SAUDI ARABIA - The Jazan City for Primary and Downstream Industries has marked a significant milestone with the departure of its inaugural ship, bound for New Orleans, US.This vessel is laden with 37,000 tons of iron steel foundry product (Pig iron), representing the first-ever production of this commodity within...

Abu Dhabi, UAE -- ADNOC and international energy company, Occidental, announced today an agreement to undertake a joint preliminary engineering study for the construction of the first megaton-scale direct air capture (DAC) facility outside the United States.The agreement is the first project to reach the technical feasibility stage since the...

The workers were asked not to report to work due to the strike.

Amid mounting speculation that Saudi Arabia and Israel will normalize ties, the minister traveled to Riyadh for a meeting of the Universal Postal Union, a specialised UN agency intended to facilitate international cooperation in the postal sector. He is expected to give a speech and meet with officials including the...

Washington, United States - US manufacturing activity contracted in September by the least since late 2022, beating analyst expectations despite weakness in new orders, survey data showed Monday.The Institute for Supply Management's (ISM) manufacturing index came in better than anticipated at 49 percent last month, up from 47.6 percent in August.This...

Donald Trump intends to be present for the start of the trial on Monday morning as a civil fraud trial against the former president and two of his sons begins in New York, threatening the Republican frontrunner's business empire as he campaigns to retake the White House with four criminal...

Three hours before the deadline, the Senate voted to keep the lights on through mid-November with a resolution that had advanced earlier from the House of Representatives. The last-ditch "continuing resolution" was pitched by House Speaker Kevin McCarthy as millions of public workers looked set to be sent home unpaid.

WASHINGTON, US - The International Monetary Fund (IMF) Executive Board approved a Resilience and Sustainability Facility (RSF) for Morocco of about US$1.3 billion.The arrangement will support Morocco’s transition to a greener economy and help strengthen its preparedness and resilience against natural disasters, including from climate change, the Washington-based institution pointed...

WASHINGTON, US - The United States is heading toward a government shutdown this weekend with no foreseeable way out of a deadlock in Congress over hardline Republican calls for deep spending cuts.The new US fiscal year begins on October 1, but sharp disagreements in the Republican Party over the scale of...

According to National Security Council spokesman John Kirby, a basic framework has been hammered out by all sides that could form the outline of a historic US-brokered deal to normalize relations between Saudi Arabia and Israel after decades of hostility. The deal could earn Israel recognition by the guardian of...