Category: Business

(Reuters) – Saudi Arabia’s powerful crown prince Mohammed bin Salman has emerged unbowed from the international outrage over the killing of journalist Jamal Khashoggi four years ago, as Western leaders who once tried to isolate him now seek his support. U.S. President Joe Biden, who has accused the prince of ordering Khashoggi’s murder and said Saudi Arabia should be made a pariah, will visit the oil-producing kingdom on Friday hoping for a respite from soaring global petroleum prices. He follows in the footsteps of European leaders who condemned the 2018 killing of Khashoggi by a Saudi hit sq…

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DUBAI (Reuters) – Iran’s military ambitions are likely to figure high in President Joe Biden’s meetings with Israeli and Saudi leaders on a trip to the Middle East, as Tehran’s expanding missile arsenal bolsters its regional armed power. A day after Tehran and Washington resumed indirect talks to salvage a 2015 nuclear deal in February, Iran unveiled a new domestically-made missile with a range of 1,450 km (900 miles). State TV displayed the new surface-to-surface “Kheibar Shekan” (Kheibar buster) missile, which refers to an ancient Jewish oasis called Kheibar in the Arabian Peninsula’s Hijaz …

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(Reuters) – Saudi Arabia’s powerful crown prince Mohammed bin Salman has emerged unbowed from the international outrage over the killing of journalist Jamal Khashoggi four years ago, as Western leaders who once tried to isolate him now seek his support. U.S. President Joe Biden, who has accused the prince of ordering Khashoggi’s murder and said Saudi Arabia should be made a pariah, will visit the oil-producing kingdom on Friday hoping for a respite from soaring global petroleum prices. He follows in the footsteps of European leaders who condemned the 2018 killing of Khashoggi by a Saudi hit sq…

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The United States and Israel are seeking to lay the groundwork for a security alliance with Arab states that would connect air defence systems to combat Iranian drone and missile attacks in the Middle East, four sources familiar with the plan said. The idea, which would use Israeli technology, could gain momentum during President Joe Biden’s stops in Israel, the Palestinian territories and Saudi Arabia on a July 13-16 trip, said two of the sources who were briefed on the plans. As regional tensions have grown over Tehran’s disputed nuclear programme, Israel, Saudi Arabia, the United Arab Emira…

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Coffee could be a unifying force in Yemen and act as an important mediation tool which brings people from separate parts of the political divide together, a leading Yemeni coffee exporter believes. Faris Sheibani the CEO of London-based Qima Coffee pointed out that everyone in Yemen from Sadaa in the north to Yafa in the south celebrates their coffee culture. “Coffee grows throughout the landscape of Yemen and can act as a unifying force,” Faris toldThe New Arab. “The flip side of that coin is that as you operate from different areas in Yemen you sometimes face pressure from the different grou…

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The negotiations on Iran’s nuclear programme are in disorder. Representatives of Iran, the permanent five members of the UN Security Council, and Germany are engaged in busy diplomacy, attempting to resurrect a deal to restrain Iran’s development of nuclear weapons. The discussions, however, are frequently halted or suspended by stunts and pretend slights. Under former US president Donald Trump, the United States withdrew from the nuclear deal in 2018, delivering a hefty blow to the future of the accord. Officials in the current American administration, including the presidential special repre…

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