Middle East
Israel strikes Beirut suburb, Nasrallah’s fate unclear after Friday’s massive attack
Residents check the damaged in the aftermath of overnight Israeli bombardment in Beirut’s southern suburbs, on September 28, 2024. Anwar Amro | Afp | Getty Images Israel launched airstrikes on Beirut’s southern suburbs and other areas of Lebanon on Saturday, a day after carrying out a massive attack on Hezbollah’s headquarters that appeared to be […]
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Israel says it struck Hezbollah’s headquarters as huge explosions rocked Beirut
Smoke rises from Israeli airstrikes in Beirut, seen from Baabda, Friday, Sept. 27, 2024. AP The Israeli military said Friday it carried out an airstrike on the central headquarters of Hezbollah in Beirut, where a massive explosion leveled buildings in a southern district, sending clouds of orange and black smoke billowing in the skies. The […]
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OPEC is highly bullish on long-term oil demand growth. Not everyone agrees
The sun sets beyond crude oil storage tanks at the Juaymah tank farm at Saudi Aramco’s Ras Tanura oil refinery and oil terminal in Ras Tanura, Saudi Arabia, on Monday, Oct. 1, 2018. Bloomberg | Bloomberg | Getty Images Global benchmark Brent crude falling below $70 a barrel in early September — its lowest in […]
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‘We have much more on the way, if they will continue,’ Israel’s president says as death toll from Lebanon attack tops 550
Israeli President Isaac Herzog threatened further military action against Hezbollah one day after Israel launched air strikes across Lebanon, killing more than 550 people in the country’s deadliest day in nearly two decades. It marks a dramatic escalation of hostilities between Israel and Iranian-backed Lebanese militant group Hezbollah following nearly 12 months of strikes since […]
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‘Very serious escalation’: Lebanese ministers warn of a dangerous next 48 hours after pager and device attacks
Lebanon’s leadership warned that the risk of further violence and escalation is extremely high following two days of attacks involving exploding communications devices across the country. The next 48 hours, ministers told CNBC Thursday, will be particularly dangerous. On Tuesday and Wednesday, thousands of communications devices — including pagers and two-way radios — used by […]
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Taiwan manufacturer rejects links to Lebanon’s exploding pager attacks, names Hungarian firm
A photo taken on September 18, 2024, in Beirut’s southern suburbs shows the remains of exploded pagers on display at an undisclosed location. – | Afp | Getty Images Taiwanese pager manufacturer Gold Apollo rejected reports that it produced the devices at the center of deadly attacks in Lebanon that killed at least 12 people […]
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Israel planted explosives in Hezbollah’s Taiwan-made pagers, Reuters reports
A Lebanese army soldier gestures to an ambulance rushing wounded people to a hospital in Beirut on September 17, 2024, after explosions hit locations in several Hezbollah strongholds around Lebanon amid ongoing cross-border tensions between Israel and Hezbollah fighters. Anwar Amro | AFP | Getty Images Israel’s Mossad spy agency planted a small amount of explosives inside 5,000 Taiwan-made pagers […]
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Saudi Arabia expects to get access to Nvidia’s high performance chips ‘within the next year’
Saudi Arabia is optimistic about gaining access to U.S. chipmaker Nvidia’s high-performance chips, which would enable it to develop and operate the most advanced artificial intelligence models. Speaking to CNBC on Thursday, a top official at the Saudi Data and AI Authority, Abdulrahman Tariq Habib, said the kingdom expected to make such a stride in […]
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CEO of property firm Damac expresses concerns over ‘expensive’ Dubai
DUBAI, United Arab Emirates — Dubai’s property scene is showing no sign of cooling off, as 2024 is on track to be another record year in terms of sales figures and property values, according to local real estate firms. Increasing demand for property, especially in the luxury space, is boosting prices not just of homes, […]
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Saudi Arabia’s fiscal breakeven oil price is rising fast. What will the kingdom do about it?
An offshore drilling platform stands in shallow waters at the Manifa offshore oilfield, operated by Saudi Aramco, in Manifa, Saudi Arabia, on Wednesday, Oct. 3, 2018. Simon Dawson | Bloomberg | Getty Images Saudi Arabia has a superpower. Not only is it the largest exporter of crude oil in the world; its production costs for […]
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