Saudi-Iran peace deal will reduce tensions in the region and would solve some of the problems if not all, says US Secretary Antony J. Blinken in an interview.

Kazemi alleged that the United States, the United Kingdom, France, Germany, Canada, Belgium, Italy and Iran's arch-foe Israel were among the countries involved in inciting the protests, according to excerpts of an interview published by state media. Saudi Arabia, with which Iran has recently resumed diplomatic ties after a seven-year rupture,...

UN chief Antonio Guterres has warned that Sudan is descending into death and destruction at unprecedented speed as he urged donors to step in and curb the unfolding catastrophe. The UN has two appeals for tackling the crisis -- the humanitarian response within Sudan, which needs $2.6 billion this year,...

Saudi-Iran peace deal will reduce tensions in the region and would solve some of the problems if not all, says US Secretary Antony J. Blinken in an interview.

UN Middle East envoy Tor Wennesland issued a warning on Monday against changes made by the Israeli government that will simplify procedures to authorize settlements in the occupied West Bank. The alterations, expected to expedite settlement expansion, have caused international concern.

Blinken opened the day by meeting China's top diplomat, Wang Yi, whose position in the Communist Party ranks above the foreign minister. Returning to the ornate state guesthouse in the ancient Diaoyutai gardens where Sunday's talks took place, Blinken and Wang offered polite smiles before the cameras and exchanged pleasantries...

The "agreement in principle" would see the semiconductor firm build the facility in southern city Kiryat Gat that would open by 2027 and operate at least until 2035, Israel's finance ministry said. As part of the deal, Intel's taxes to Israel would rise from five to 7.5%, the finance ministry...

US Securities and Exchange Commission did not specify how many of Binance's US customers are affected, nor the value represented by these funds. Earlier this month the SEC charged the crypto giant with securities law violations that it said amounted to "an extensive web of deception" and "calculated evasion of...

US Secretary of State Antony Blinken is in Beijing for key discussions, marking the first top-level US visit in five years. Amid rising tensions and conflicts over trade, technology, and security, both countries display cautious optimism for better communication and a potential easing of bilateral strains.

Several truces have been agreed and broken during the two-month war, including after the United States slapped sanctions on both generals after a previous attempt collapsed at the end of May. A 24-hour ceasefire from June 10 to June 11 provided Khartoum residents with a brief respite from the air...

Tehran, Iran-- In spite of the US sanctions against the Islamic Republic, Iran has seen a huge surge in the export of crude oil in 2023 to China, Syria, Venezuela, according to reports.According to media reports, Iranian crude shipments continued to rise in 2023 with higher shipments to China, Syria...

China's approach, characterized by a combination of economic incentives and a focus on development, contrasts with the more assertive and unilateral approach often associated with the United States. For Arab nations, China's appeal also lies in its geo-economic-centric relationship, he adds.

Jerusalem, Undefined - Israeli defense exports hit an all-time high of $12.5 billion last year, with Arab countries that recently established ties accounting for nearly a quarter of purchase contracts, officials said Wednesday.The defense ministry, which oversees and approves the exports of Israel's defense industries, said one quarter of deals were...

The merger will lead to network investment of £11 billion over 10 years.

Albany, New York-- The UAE has reiterated its resolve to strengthen economic and cultural ties with New York and the US as both countries seek to advance the transition to clean energy.The renewal of the commitment was made during a visit by Amna Binzaal Almheiri, UAE Consul General in New...

The EU's plans date back to 2021, the draft rules took on greater urgency when ChatGPT exploded onto the scene last year, showing off AI's dizzying development and the possible risks. There is also growing clamour to regulate AI across the Atlantic, as pressure grows on Western governments to act fast...

Judge Edward Davila said in a ruling that it "is necessary to maintain the status quo" while the court considers a longer term injunction on the purchase as requested by regulators at the Federal Trade Commission (FTC). A hearing was set for June 22 and June 23 in San Francisco...

A landmark deal in 2015, formally known as the Joint Comprehensive Plan of Action (JCPOA), gave Iran sanctions relief in exchange for curbs on its nuclear program to guarantee that Tehran could not develop a nuclear weapon -- something it has always denied wanting to do.

Stock markets jumped after data showed US inflation slowed further in May, raising hopes the Federal Reserve will pause its interest rate-hike campaign. Wall Street indices advanced at the open while European markets climbed after official figures showed US consumer prices rose by 4.0 percent year-on-year in May, compared to...

The EU offered a 900-billion-euro aid package -- contingent on Tunisia reaching an IMF deal. But Tunisian President Kais Saied has repeatedly refused "diktats" from the IMF and the US has led accusations that the birthplace of the Arab Spring is falling to authoritarianism after the dissolution of parliament and...

Riyadh, Saudi Arabia-- In order to boost the travel and tourism industry in the kingdom, Saudi Arabia will offer instant e-visa options to visitors, facilitating UK, US, and Schengen visa holders, as well as permanent residents of UK, US, and any EU country to obtain tourist e-visas.Saudi Arabia had previously...

The new unit is headed by former SVB UK boss Erin Platts.

Iran said it has continued indirect negotiations with the Unites States through the Sultanate of Oman over its nuclear deal and a possible prisoner swap. Iran's nuclear program has long been the subject of scrutiny from Western powers, resulting in sanctions that have crippled the country's economy.

Tehran, Iran-- Bilateral trade between Iran and Turkey is expected to vault to US$15 billion by 2025 on the back of deeper cooperation with the private sector.According to a senior official in Iran’s Trade Promotion Organization (TPO) trade with Turkey will easily reach $15 billion in early March 2025 to...

Billionaire investor George Soros had handed over control of his US$25 billion empire to his younger son Alexander Soros - aka Alex. There were doubts in the market that George Soros, who is 92, will ever give up control in his lifetime, according to a report published in the Wall...

Members of the rate-setting Federal Open Market Committee remain divided going into the meeting on June 13-14, with a minority still pushing for an 11th straight hike to fight inflation, which remains above the Fed's long-term target of two percent. The Fed has raised its benchmark lending rate by five...

NEW YORK,  US - Minister of State Khalifa Shaheen Al Marar chaired the first signature event of the UAE’s United Nations Security Council presidency.The UAE minister stressed on strengthening cooperation between the UN and the League of Arab States to further peace, security and stability in the region.Al Marar said,...

Although many ceasefires have been broken, yet the twenty-four truce is seen as a chance to give the people of Sudan a brief respite from the ongoing civil war. Saudi and US mediators have warned that failure to observe the ceasefire would force facilitators to consider adjourning talks in Jeddah.

Russia is receiving materials from Iran to build a drone factory that "could be fully operational early next year," White House national security spokesman John Kirby warned. The White House released a satellite image of the location of the prospective plant in Alabuga special economic zone, some 900 kilometers east...

Expectations the Fed will stand pat next week -- for the first time since starting its hiking cycle last year -- pushed equities higher for most of the month, helped by the end of the US debt ceiling standoff. Confidence was dealt a blow this week by the Bank of...

Switzerland's parliament will probe the government-orchestrated takeover of the stricken Credit Suisse bank by larger rival UBS. A parliamentary commission of inquiry will be established to shed light on how the Swiss authorities rapidly stitched together the merger of the wealthy Alpine country's two biggest banks over a weekend in...

Foreign Minister Prince Faisal bin Farhan, in a joint press conference with Blinken, played down talk that the oil-rich kingdom was moving away from Washington in favour of its giant rival, Beijing. "I don't ascribe to this zero-sum game," Prince Faisal said in Riyadh. "We are all capable of having...

Riyadh, Saudi Arabia -- Riyadh and Washington urged Western governments Thursday to repatriate citizens who joined the Islamic State group in Iraq and Syria, where thousands still languish in prisons or camps.Saudi Foreign Minister Prince Faisal bin Farhan said it was "disheartening and absolutely unacceptable" that some wealthy countries had not brought...

Opening his two-day trip, the prime minister announced that Britain would hold the world's first summit on artificial intelligence in the second half of the year. "AI has an incredible potential to transform our lives for the better. But we need to make sure it is developed and used in...

Blinken spoke during a Gulf Cooperation Council ministerial meeting in the capital Riyadh following talks with Saudi Foreign Minister Prince Faisal bin Farhan and Crown Prince Mohammed bin Salman.

The Paris-based organization forecast an economic expansion of 2.7 percent, up from 2.6 percent in its previous report in March, with upgrades for the United States, China and the eurozone. But it is still under the 3.3 percent growth recorded in 2022.

NEW YORK, US -  US securities regulators sued Coinbase on Tuesday, alleging that the cryptocurrency platform's failure to register as a securities exchange venue exposed investors to risk.The complaint comes on the heels of Securities and Exchange Commission (SEC) charges filed on Monday against cryptocurrency exchange Binance and founder Changpeng Zhao for...

The United States and India agreed a roadmap for military industrial cooperation, as New Delhi seeks to reduce its reliance on key arms supplier Russia. "We established an ambitious new roadmap for defense industrial cooperation, which will fast track high priority co-development and co-production projects," US Secretary of Defense Lloyd...

Volunteers have buried 102 unidentified bodies in the capital's cemetery and 78 more in Darfur, ever since the fighting between the country's warring generals erupted on April 15. Both Burhan and his deputy-turned-rival Daglo have pledged repeatedly to protect civilians and secure humanitarian corridors. But civilians reported escalated fighting after...

PARIS, FRANCE - Renewable power capacity is expected to jump by a third this year globally as growing policy momentum, higher fossil fuel prices and energy security concerns drive expansion of solar and wind power, the International Energy Agency (IEA) said.The growth is set to continue next year with the...

Dubai, UAE - Middle Eastern airlines carriers posted a 38 percent increase in traffic in April compared to the same month in 2022, demonstrating a positive recovery trend in the aviation industry,  according to the latest report from the International Air Transport Association (IATA). With a capacity increase of 27.8 percent,...

Blinken's June 6-8 trip comes as both the United States and Saudi Arabia are seeking to broker a durable cease fire between Sudan's warring generals. On the trip, Blinken will "discuss US-Saudi strategic cooperation on regional and global issues and a range of bilateral issues including economic and security cooperation,"...

Hiring in the United States heated up again in May, according to government data released, with the strong labor market defying expectations of a slowdown amid efforts to cool the world's biggest economy. The jobs market has been surprisingly robust even as regulators have worked to ease demand and tamp...

Analysts are now divided over whether Saudi Arabia and Russia will keep the group on course with its current output policy, or further curtail production. "The recent inconsistent rhetoric from the two heavyweights certainly threw the spanner in the works and it is hard to predict the outcome," said Tamas...

Despite the rebound in sales of its flagship medium-haul 737 MAX last year -- giving the company its best delivery numbers since 2018 -- Boeing is pinning its financial hopes on the 787, after four consecutive years in the red. Recent months have finally seen an uptick in orders for...

US senators raced to pass a bipartisan debt limit deal approved overwhelmingly by the House of Representatives, with the worst-case scenario of an economy-cratering default seemingly avoided. The Treasury has warned it could run out of money to pay its bills by Monday, leaving no room for delays in enacting...

Washington, United States -- The White House on Thursday announced economic and visa sanctions against Sudanese leaders responsible for breaking a ceasefire and provoking "appalling" bloodshed."We are following through by levying economic sanctions, imposing visa restrictions against actors who are perpetuating the violence," National Security Advisor Jake Sullivan said in...

"With some hardliners in the Republican party coming out against the agreement (in a vote due Wednesday), its passage through Congress could be bumpy," warned AJ Bell investment director Russ Mould. "Weak Chinese data also contributed to a subdued market mood with Asian stocks a little sickly."

"As a result of our ongoing evaluation of effective security cooperation with all partners, two months ago, the UAE withdrew its participation in the Combined Maritime Forces," a statement carried by the official WAM news agency said. The Bahrain-headquartered CMF was established in 2001, initially as a partnership between 12...

Stock markets wobbled as a deal to hike the US debt ceiling and avoid a painful default goes to a vote in Congress this week. President Joe Biden and House Speaker Kevin McCarthy hammered out an agreement that saw both sides give ground, a week before a June 5 deadline.