News
US to introduce up to $15,000 bonds for tourist visas under pilot programme
The United States will require bonds of up to $15,000 for some tourist and business visas under a pilot programme launching on August 20, aimed at cracking down on visitors who overstay their visas.
China’s BYD entry to Slovak market boosts EV sales
The entry of China’s BYD on the Slovak market is boosting the sale of electric vehicles (EVs), according to industry experts.
Kuwait establishes KWD50bn investment company targeting Saudi market
Kuwait's government plans to establish an investment company for regional mega-projects, primarily targeting the Saudi market amid the Kingdom's economic boom and major transformational projects under Vision 2030.
Brazilian deepwater yields BP's biggest oil and gas find in decades
BP has announced its most significant oil and gas discovery in 25 years following successful drilling at the Bumerangue prospect in Brazil's deepwater Santos Basin.
Iraq greenlights pharmaceutical factory and power projects in reconstruction push
Iraq approves pharmaceutical factory in Mosul and new power projects as part of reconstruction drive. Committee chaired by PM Al-Sudani endorses housing, electricity and industrial investments.
Kremlin does not rule out Putin meeting with Trump envoy in Moscow
The Kremlin has not ruled out the possibility of a meeting between Russian President Vladimir Putin and US President Donald Trump's special envoy Stephen Witkoff this week.
Several missing as flash floods hit 70 residential areas and 34 homes in Russia's Krasnodar region
Torrential rains in Russia's Krasnodar region have flooded 70 residential areas and 34 homes in the villages of Defanovka.
Egypt allocates $123.6mn for first phase of strategic Libya land connection
Egypt's government has allocated EGP 6bn ($123.6mn) for the implementation of the first phase of a strategic land connection project with Libya.
Ukraine’s anti-corruption agencies launch a crackdown with wave of arrests
The Ukrainian government has cracked down on corruption with a wave of arrests of lawmakers, as it attempts to undo the damage caused after rushing through a law that gutted Ukraine anti-corruption reforms.
Over 50 migrants dead after boat capsizes off Yemen
The vessel overturned near the province of Abyan, with just 10 individuals rescued so far and dozens still missing, according to local authorities.
Moldovan court upholds ban on Ilan Shor’s parties from September elections
Moldova's Supreme Court has upheld a decision preventing the political bloc Pobeda/Victorie from participating in parliamentary elections.
Codelco confirms discovery of fifth worker killed in Chilean mine accident
All five trapped workers at Codelco's El Teniente copper mine in Chile have been found dead after rescue teams cleared more than 24 metres of underground passages that collapsed.
Hamas offers Red Cross cooperation on hostage aid delivery with conditions
Hamas announced readiness to coordinate with the Red Cross to deliver aid to hostages it holds in Gaza if Israel meets certain conditions.
Georgian ruling party nominate Kakha Kaladze for third term as Tbilisi mayor
This will be Kaladze’s third consecutive run for the post of Tbilisi mayor, having been first elected in 2017 and re-elected in 2021.
Kosovo abolishes customs duties on US products, chamber urges free trade talks
The Kosovon government announced that it has removed customs duties on all products originating from the United States, following new tariffs set by the US on the small country.
Polish manufacturing downturn eases in July but remains steep
Business conditions in Poland’s manufacturing sector continued to deteriorate in July, though at a slower pace than the month before.
Tsunami washes away tonnes of salmon from Russian fish processing plant
A tsunami following the largest earthquake in the Kuril Islands in 70 years washed 120 tonnes of salmon and one tonne of scallops stored at the Alaid fish processing plant into the ocean.
Iran revives currency redenomination bill but keeps 'rial' as official unit
MPs opted to retain the 'rial' as the official currency unit, rejecting the government's proposal to rename it ‘toman,’ as was initially announced as part of the plan
Ukraine imposes sanctions on 94 "shadow fleet" captains from multiple countries
Ukraine has imposed sanctions on 94 individuals from Russia, Myanmar, Iran, Pakistan, China, India, Bangladesh and Georgia, as well as five oil transportation companies.
Iran moves to establish defence council amid tensions with Israel
Iran is preparing to establish a Defence Council amid heightened security concerns following the fragile ceasefire that ended a 12-day war with Israel.