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 ...
This is Beirut, 14/02 13:50 - Reading : 3 minute(s)
Gulf Hezbollah Saudi Arabia Lebanon Rafic Hariri Future Movement
The Future Movement (FM) is a Lebanese political party founded in the 1990s by Rafic Hariri, a prominent businessman and former Prime Minister of Lebanon. After Hariri’s assassination in 2005, his son, Saad Hariri, assumed leadership of the party, maintaining its role as a key political force representing Lebanon’s Sunni Muslim community. The ...
This is Beirut, 13/02 19:25 - Reading : 3 minute(s)
European Union Emmanuel Macron Europe Gulf Turkey
France's Foreign Minister Jean-Noel Barrot said Thursday that the European Union was working toward swiftly easing Syria sanctions as Paris hosted a conference on the transition in the war-torn country after president Bashar al-Assad's fall. Islamist-led rebels toppled Assad in December after a lightning offensive. The new authorities, headed by ...
This is Beirut, 12/02 17:30 - Reading : 1 minute(s)
A Saudi company will invest $5 billion to build an artificial intelligence data centre in the futuristic city of NEOM, state media reported. The agreement, signed between DataVolt and NEOM, would fund the creation of a fully sustainable AI data centre with a 1.5 gigawatt capacity, the official SPA news agency said. The project will be located in ...
This is Beirut, 06/02 12:15 - Reading : 2 minute(s)
Iran's Revolutionary Guards unveiled the country's first drone carrier on Thursday in Gulf waters, state media reported. The carrier, called the Martyr Bahman Bagheri, is a commercial vessel that was repurposed as a drone carrier over the past two-and-a-half years, Guards naval commander Alireza Tangsiri said during the unveiling ...
Élie-Joe Kamel, 31/01 22:10 - Reading : 7 minute(s)
European Union Gulf Israel Syria Turkey Kurds
The diplomatic roller-coaster in Syria’s capital since the fall of Bashar al-Assad’s regime suggests that a strategic shift is underway. This is all the more significant as the Prince of Qatar, Sheikh Tamim bin Hamad Al-Thani, made an official visit to Damascus on Thursday, where he was received by the interim Syrian president, Ahmad ...