Author: Steven Sahiounie

An Israeli police officer was stabbed on Sunday in Jerusalem’s Old City, near Damascus Gate (Bab al-Amoud). The attacker was neutralized at the scene, according to local reports. Israeli police, citing medical sources, stated that the wounded officer was evacuated to receive medical treatment. The condition of the officer has not been specified at this time. Palestinian news agency, quoting local sources, reported that Israeli forces shot a young man near Damascus Gate following the attack. The identity and condition of the assailant remain unknown. Following the incident, Israeli forces closed off several entrances to the Old City and ordered…

The leader of Yemen’s Houthi movement, Abdul-Malik al-Houthi, announced that today’s attack on Israel was carried out using a high-tech ballistic missile that successfully bypassed Israeli defense systems, reaching a distance of approximately 2,040 kilometers. He added, “This operation is part of the fifth phase of escalation against the Israeli enemy in support of the Palestinian people, and what’s coming will be greater (…). Our forces continue their successful and highly impactful operations in the seas against ships linked to the Israeli, American, and British enemies.” In response, Hamas praised the Houthi operation, emphasizing that Israel will not experience security…

The New York Post reported that two individuals exchanged gunfire outside Donald Trump’s golf club in Florida on Sunday, leaving him unharmed. Law enforcement sources confirmed Trump’s safety during the incident. Trump’s campaign announced that he was fine after the shooting, although they withheld further details. Donald Trump Jr. later shared that authorities recovered an AK-47 rifle and detained a suspect. This shooting occurred outside Trump’s golf course in West Palm Beach. Law enforcement reassured the public that Trump remained safe throughout the incident. Earlier in July, an assassination attempt targeted Trump just months before the November 5 election, where…

China has witnessed the establishment of 36,968 new foreign-invested companies in the first eight months of 2024, marking an 11.5% increase compared to the previous year, according to the Ministry of Commerce. In a statement reported by China’s Xinhua News Agency, the Ministry revealed that total foreign direct investment (FDI) in mainland China during this period reached 580.2 billion yuan (approximately $81.7 billion). However, this represents a 31.5% decrease compared to the same period last year. High-Tech Manufacturing Sector Gains Foreign Investment Despite the overall decline in FDI, the high-tech manufacturing sector attracted significant foreign investment. The sector accounted for…

The “Huachipato” steel plant in Chile, the country’s largest, will close its doors on Monday. After operating for 74 years, the closure will lead to thousands of job losses. Economic Impact on Talcahuano The plant’s closure directly affects 2,700 jobs, including subcontractors. Additionally, around 20,000 indirect jobs are at risk. The closure also marks the end of non-recycled steel production in Chile. For generations, Huachipato was central to life in Talcahuano, a city with 160,000 residents, located 500 kilometers from Santiago. The plant was a landmark in the community. Challenges from Chinese Competition Huachipato produced 800,000 tons of steel annually…

In August 2024, Saudi Arabia’s annual inflation rate increased to 1.6%, up from 1.5% in July, according to a report by the General Authority for Statistics. The rise is mainly attributed to higher prices in the housing, water, electricity, and fuel sectors, which saw an 8.9% increase, as well as a 0.9% rise in food and beverage prices. The report highlighted that actual housing rents experienced a notable surge of 10.7%, which contributed significantly to the overall inflation rate. This marks a continued trend in price increases, as inflation held steady at 1.5% during both June and July. Within the…

The UAE has achieved impressive progress in its clean energy initiatives. Suhail bin Mohammed Faris Al Mazrouei, the Minister of Energy and Infrastructure, highlighted that clean energy now accounts for 27.83% of the nation’s total energy output as of 2023. This marks a step forward toward the 2030 goal of reaching 32%. Growing Renewable Energy Capacity in the UAE Since 2019, the UAE has made significant gains in renewable energy capacity. Specifically, the country has doubled its capacity in just a few years. By 2030, it is expected to triple its installed renewable energy capacity. In fact, 2023 saw a…

The Bahrain Economic Development Board (EDB) has secured an initial investment of over $16 million from Polymatech, an Indian firm specializing in electronics connectors. Polymatech will set up a cutting-edge factory in the Hidd industrial area of Bahrain. Purpose of the Visit This announcement came during the EDB’s recent visit to India. The delegation traveled to Mumbai, Bangalore, and Chennai to showcase Bahrain’s thriving business environment and its potential as a regional technology and industry hub. The EDB aimed to highlight Bahrain’s supportive investment climate. Significance for Bahrain’s Digital Transformation Noor bint Ali Al Khalifa, Minister of Sustainable Development and…

A SpaceX capsule touched down in the Gulf of Mexico near Florida just before dawn. Onboard were billionaire Jared Isaacman, two SpaceX engineers, and a former U.S. Air Force Thunderbird pilot. Historic Spacewalk The crew completed the first-ever private spacewalk while orbiting approximately 740 kilometers above Earth. This altitude surpasses both the International Space Station and the Hubble Space Telescope. The spacecraft reached a peak altitude of 1,408 kilometers following its launch on Tuesday. Isaacman became only the 264th person to conduct a spacewalk since the Soviet Union recorded the first spacewalk in 1965. SpaceX engineer Sara Gillis became the…

Ariel Kliner, a Knesset member from the Likud party, has proposed establishing a security zone in southern Lebanon extending up to the Litani River. In his interview with Maariv, Kliner stressed the need for Israel to reinforce its territorial integrity in response to regional security challenges. Rationale Behind the Proposal Kliner argues that Israel’s current northern borders are insufficient for ensuring the safety of its citizens. He suggests that either Israel must create a security zone extending to the Litani River or face ongoing threats and instability in the north. He believes that Lebanon’s adversarial stance and Hezbollah’s presence necessitate…