This is Beirut, 13/03 13:05 - Reading : 3 minute(s)
Iraq is exploring alternatives to Iranian gas imports, including options in the Gulf, a government official said, as it seeks to reduce dependence on its sanctions-hit neighbor. The administration of US President Donald Trump announced over the weekend its decision to end a sanction's waiver that had allowed Iraq to buy electricity from Iran, ...
Paul Guillot, 13/03 10:10 - Reading : 4 minute(s)
Gulf Israel Middle East Palestine
As geopolitical and economic issues in the Middle East continue to dominate global discussions, a concept from the 1960s is resurfacing: the Ben Gurion Canal project. Named after David Ben Gurion, Israel's first prime minister and a key figure in the creation of the Jewish state, this ambitious initiative proposes linking the Gulf of Aqaba at ...
This is Beirut, 09/03 22:25 - Reading : 1 minute(s)
The navies of Iran, Russia and China will hold military drills off the coast of Iran this week in a bid to boost cooperation, Iranian media reported on Sunday. The three countries, which share a common desire to counter what they characterise as American hegemony, have held similar exercises in the region in recent years. The drills "will begin ...
This is Beirut, 09/03 21:50 - Reading : 1 minute(s)
Ceasefire Gulf Hezbollah Israel
Hezbollah’s Secretary-General, Sheikh Naim Qassem, acknowledged security lapses within the group while claiming again its continued strength despite the heavy blows it suffered in its recent war with Israel, during an interview on Sunday with al-Manar TV, affiliated with the pro-Iran formation. Qassem stated that an internal investigation is ...
Élie-Joe Kamel, 04/03 17:10 - Reading : 5 minute(s)
Benjamin Netanyahu Banks Damascus Gulf Hezbollah
Since the fall of Bashar al-Assad’s regime, Israel has ramped up its operations in Syria, seemingly seeking to assert itself as the dominant player against Turkey, which is trying to fill the vacuum left by Iran’s retreat. It has carried out strikes on military positions of the former regime and pro-Iranian militias, expanded its presence in ...
This is Beirut, 04/03 13:05 - Reading : 3 minute(s)
Donald Trump Gulf Middle East Saudi Arabia Ukraine
Oil giant Saudi Aramco posted a drop in annual profits on Tuesday as lower prices and volumes hit the linchpin of the Kingdom's ambitious economic reform plans. The world's biggest crude exporter said profits were down more than 12% to $106.25 billion in 2024, the second annual drop following a surge in oil prices in 2022. Expected dividends for ...
Liliane Mokbel, 26/02 15:20 - Reading : 3 minute(s)
European Union USA Europe Gulf Saudi Arabia
The Partial Lifting of European Sanctions Is Insufficient The partial lifting of European sanctions on Syria is a positive step that could help accelerate economic recovery. However, this measure remains inadequate given the urgent need for support. While some Gulf Cooperation Council (GCC) countries, notably Qatar and Saudi Arabia, are willing ...
Christiane Tager, 21/02 22:05 - Reading : 4 minute(s)
Hezbollah Israel European Union Gulf Damage War
$14 billion! That is the historic and no less colossal amount of damage caused by the conflict between Hezbollah and Israel. This sum includes both material damage and economic losses. The reconstruction costs are estimated at around $12 billion. For Nassib Ghobril, chief economist at Byblos Bank, economic losses amount to at least $3 ...
This is Beirut, 19/02 16:05 - Reading : 1 minute(s)
Beirut International Airport Gulf Joseph Aoun Saudi Arabia
The President of the Federation of Tourist Unions and the Hoteliers’ Union, Pierre Achkar, has raised concerns over recent street violence and road blockades, particularly those disrupting access to Beirut’s International Airport (BIA). He cautioned that such unrest could jeopardize the tourism sector’s recent momentum, which had ...
This is Beirut, 19/02 09:35 - Reading : 1 minute(s)
US top diplomat Marco Rubio visited the United Arab Emirates on Wednesday for the final leg of his first Middle East tour, after breakthrough talks with Russian officials in Riyadh. After arriving in Abu Dhabi in the morning, the US secretary of state was set to meet with UAE President Mohammed bin Zayed Al Nahyan and Foreign Minister Abdullah ...
This is Beirut, 18/02 16:00 - Reading : 4 minute(s)
Faced with myriad problems including gridlocked traffic and a sinking earth surface in its current capital, Iran is considering a drastic solution -- moving it to an altogether different location on the Gulf of Oman. Though the idea of moving the capital has cropped up on various occasions since the 1979 Islamic Revolution, the proposals were ...
Bassam Abou Zeid, 17/02 11:00 - Reading : 3 minute(s)
Hezbollah Hassan Nasrallah Gulf Israel
It is becoming increasingly clear that the Islamic Republic of Iran and Hezbollah have yet to come to terms with the end of Hezbollah’s military and security role as the armed wing of the Islamic Revolution. Therefore, they are attempting by all means to maintain a foothold that would allow Hezbollah to reassert itself. However, the prevailing ...