This handout picture released by the Israeli Army shows the head of the military, Lieutenant General Herzi Halevi (L), attending a situational assessment with members of the General Staff Forum at the Kirya military base, which houses the Defence Ministry in Tel Aviv, on April 14, 2024. | Photo Credit: AFP Israel’s military chief said … Read more
Countries around the world condemned Iran‘s strikes on Israel late Saturday, warning the attack threatened to further destabilise the Middle East. Here are some of the main reactions so far: United States –US President Joe Biden promised “ironclad” support for Israel after holding an urgent meeting with top security officials. “I just met with my … Read more
DAVOS, Switzerland (AP): Business and political elites descended on the Swiss Alpine snows of Davos to suss out “rebuilding trust” in a splintering world. If there’s any takeaway from the World Economic Forum‘s annual meeting — boldly touting that theme — it’s that we still have a long way to go. From full-blown wars in … Read more
NEW DELHI: India saved roughly $2.7 billion by importing discounted Russian oil in the first nine months of this year, according to calculations based on government data, helping it support economic growth and easing pressure on its trade deficit. Crude oil accounts for about a third of India’s overall imports by value. The world’s third-biggest … Read more
A Palestinian man walks past shuttered shops during a general strike in Nablus in the occupied West Bank, on October 18, 2023, a day after a rocket hit a Gaza hospital killing hundreds. | Photo Credit: AFP Two Data Points published last week explored the impoverished nature of the Palestinian territories, especially Gaza, and how … Read more
The impact of the Israel-Hamas war on the world economy may take time to become apparent but it would worsen if it spread to the Middle East, notably Iran, a major oil producer and Hamas sponsor. The global economy would be affected by rising oil prices near $90. Further escalation of the conflict towards other … Read more
Since the beginning of Israeli strikes following Hamas’ surprise attack in southern Israel on October 7, over 4,700 people have died in the Gaza Strip, according to reports from the territory’s leaders. Of these, close to 1,800 were children, says the Palestinian health ministry. Israeli strikes on Gaza have also left about 16,000 people injured. … Read more
Saudi Arabia‘s Prince Turki al-Faisal recently spoke about the ongoing violence in the Middle East, making references to historical events in India. The Saudi prince condemned both Hamas and Israel for their attacks on civilians, emphasizing the importance of peaceful resistance. During a speech at the Baker Institute in the US, Prince Turki al-Faisal stated, … Read more
Global oil prices held steady near $85 a barrel, but traders remain cautious following the eruption of violence between Israel and Hamas, which could potentially disturb the oil supply chain in the Middle East. Prices clocked one-year highs at the end of September, driven by worries about supply shortages after a surprise extension of voluntary … Read more
Riyad H. Mansour, Permanent Observer of Palestine to the United Nations, speaks to members of the media with members of the Arab Group prior to a U.N. Security Council meeting about the ongoing conflict in Gaza, at the United Nations Headquarters in New York on October 13, 2023. | Photo Credit: Reuters The Palestinian United … Read more