Author: Steven Sahiounie

: Saudi Arabia and Egypt are set to boost energy cooperation following a meeting between top officials to expand ties in petroleum, gas, electricity, renewable energy, and hydrogen.

All 50 Democratic Party state leaders have expressed their support for Vice President Kamala Harris to become the party’s presidential nominee, Reuters cited informed sources. This came after they held a conference call on Sunday after President Joe Biden announced he would withdraw as the party’s candidate and endorsed Harris. Participants declared their “full support” to Harriss, one source said. Political money flows for Harris Biden’s poor performance in the first campaign debate against Trump last month heightened worries about his cognitive abilities. This led many Senior Democrats and donors to urge him to withdraw from the race, with funders even freezing their…

DUBAI: Dubai-based carrier flydubai’s fleet expansion plans have been hit by delays to Boeing’s aircraft delivery schedule, the airline said on Monday.

Firefighting teams on Monday were struggling to contain a massive blaze at Yemen’s Hodeida port, days after a deadly Israeli strike hit oil tanks and a power plant in the harbor.Heavy flames and black smoke were seen spiralling into the sky for a third consecutive day following the strike on Saturday, said an AFP correspondent in Hodeidah.Firefighting teams appear to have made little progress, with the blaze seemingly expanding in some parts of the port, the correspondent said, amid fears it could reach food storage facilities.High-resolution satellite images taken by Maxar Technologies showed flames consuming a heavily damaged fuel storage…

TOKYO: Oil prices rose in early trade on Monday as investors keep a lookout for signs of a rate-cut cycle expected to begin as soon as September, according to Reuters.

Belgium will always stand up for the respect of international law, Minister of Foreign Hadja Lahbib affirmed, commenting on the International Court of Justice’s advisory opinion that “Israel’s” decades-long occupation of Palestinian territory was “illegal” and needed to end as soon as possible. “The International Court of Justice has ruled that Israel’s occupation of the Palestinian territory does not comply with international law and that settlement activity must cease,” she posted on her account on X. The ICJ said on Friday that it “has found… that Israel’s continued presence in the Palestinian Territories is illegal.” ICJ presiding judge Nawaf Salam indicated that…

RIYADH: Saudi giga-project NEOM and hospitality firm Equinox Hotels have announced plans to open a resort on the coast of the Gulf of Aqaba as part of the recently unveiled Magna development.

Secretary of the Executive Committee of the Palestine Liberation Organization (PLO) Hussein Al-Sheikh discussed with the Russian Foreign Minister’s special envoy to the Middle East, Vladimir Safronkov, the latest developments on efforts to stop the devastating aggression and the worsening humanitarian catastrophe in the Gaza Strip. During the meeting, which was attended by the official presidential spokesman, Nabil Abu Rudeina, and the Russian representative to Palestine, Ambassador Gocha Boachidze, the two sides discussed the Israeli escalation in the West Bank, the latest of which was the Knesset’s recent decision to reject the establishment of a Palestinian state, which heralds more…

RIYADH: Industrial and logistics asset demand in Dubai and Abu Dhabi surged 185 percent year-on-year to 18 million sq. feet in the first half of 2024, a new report showed. 

RIYADH: Middle Eastern sovereign investors are following their global counterparts by prioritizing India and other emerging markets amid concerns over geopolitical tensions, an analysis said.