• Blinken to visit Saudi Arabia, Egypt to discuss Gaza ceasefire: spokesman
    Blinken will hold talks with Saudi leaders in Jeddah on Wednesday before travelling to Cairo on Thursday for talks with Egyptian authorities, spokesman Matthew Miller said from the Philippines, where Blinken is touring. -This will be Blinken's sixth trip to the Middle East since the start of the war.

    During his visit, Blinken will discuss "a political path for the Palestinians with security assurances with Israel, and an architecture for lasting peace and security in the region

    Blinken will also raise the imperative issue of ending attacks by Houthi rebels on commercial ships, to restore stability and security in the Red Sea, spokesman Matthew Miller said

  • The Gulf region is poised to become a leading force in the global crypto landscape, driven by three key factors: competitive energy rates, crypto-friendly regulations, and access to crucial infrastructure components such as rigs, free zones, and government support, says Ritu Singh of Stone X Group.
    “Oman is emerging as a standout in the regional crypto mining landscape, highlighted by its support of Exahertz, an Omani mining company. A significant investment of $1.1 billion is set to deploy over 800 megawatts, boosting Oman's role in the Bitcoin mining sector,” she adds, amid predictions for Bitcoin to hit the $100,000 mark.
  • Trends Mena
    Business
  • TRENDS STAFF

  • Saudi Aramco CEO calls energy transition strategy a failure
    Pointing to the still paltry share of renewable energy in global supply, the head of Saudi Aramco described the current energy transition strategy as a misguided failure on Monday. "In the real world, the current transition strategy is visibly failing on most fronts," Saudi Aramco Chief Executive Amin Nasser said at the CERAWeek conference in...
  • Biden summons Israeli team in bid to avoid Rafah assault
    The move is one of the clearest attempts yet by Biden to rein in the key US ally, amid fears that the already huge death toll and humanitarian crisis in Gaza could be drastically worsened by a full attack on Rafah. Roughly 1.5 million people are sheltering in Rafah, most of them displaced by Israel's...

    US president also "reiterated the need for an immediate ceasefire as part of a deal to free hostages, lasting several weeks, so we can get hostages home"

    Biden has supported Israel since the October 7 attacks, sending billions of dollars in military aid, but has become frustrated by Netanyahu's failure to curb civilian deaths

  • US destroys Houthi missiles, drones in new Yemen strike
    United States Central Command forces operated "in self-defense" when they engaged and destroyed the anti-ship missiles and unmanned aerial vehicles, as well as three weapons storage containers in Houthi-controlled areas, CENTCOM said in a statement posted on X, the former Twitter.
  • World Bank plans $6 billion in financial assistance for Egypt
    The financial assistance includes "$3 billion for financial support to Government’s programs and $3 billion for the private sector (including mobilization) – subject to Board approval," it added. Egypt, the Arab world's most populous nation, is in dire need of financial help as it weathers a severe economic crisis marked by rapid inflation.

    The World Bank Group is comprised of five separate agencies which deal with a range of issues, including investment. Its current portfolio with Egypt is above $8bn.

    Earlier this month, the IMF agreed an expanded $8bn loan package after Cairo implemented reforms that included moving towards a flexible exchange rate and hiking interest rates.

  • Oxfam blames Israel for ‘deliberately’ blocking aid to Gaza
    Oxfam said in a report that Israel continued to "systematically and deliberately block and undermine any meaningful international humanitarian response" in the Palestinian territory. It alleged that Israel was defying an order by the ICJ in January to boost aid in Gaza, and was failing its legal responsibility to protect people in land it occupies.

    Oxfam said inspection rules were causing aid trucks to be stuck in queues for 20 days on average

    The group noted that Israeli authorities arbitrarily reject "dual-use" items

  • Business
  • “Oman is emerging as a standout in the regional crypto mining landscape, highlighted by its support of Exahertz, an Omani mining company. A significant investment of $1.1...
    By TRENDS STAFF

Latest news

Most Read

Latest News

  • Trends Mena

    Business
  • “Oman is emerging as a standout in the regional crypto mining landscape, highlighted by its support of Exahertz, an Omani mining company. A significant investment of $1.1...

Latest news

EDITOR'S PICK

Latest News