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Saudis could recognize Israel if Palestinian issue resolved – foreign minister
Saudi Arabia's foreign minister says securing regional peace through the creation of a Palestinian state is 'something we have been indeed working on with the US administration, and it is more relevant in the context of Gaza'.....»»
The Daily Guardian: Competitive Battle for Market Share Arises as U.S. Oil Production Soars
Title: Saudi Arabia Struggles to Stabilize Oil Prices Amid Rising US Production In a bid to support oil prices, Saudi Arabia and its OPEC+ allies.....»»
World divided at COP28 over whether to end fossil fuel era
Diplomats say opposition to a full fossil fuel phaseout is led by Russia, Saudi Arabia, and China, which is the world's biggest carbon emitter.....»»
Putin, flanked by Russian fighters, jets into Middle East to meet Saudi’s MbS
President Vladimir Putin's meeting with Saudi Arabia's Crown Prince Mohammed bin Salman comes after oil prices fell despite a pledge by OPEC+.....»»
Stock markets dip as US inflation comes into view
Stock markets drifted lower on Monday as investors eyed the release this week of key US inflation data that could guide Federal Reserve plans for interest rates going into the new year. Oil prices fell nearly two percent before bouncing higher and then sliding back lower as dealers awaited a delayed meeting of OPEC and its allies to decide over output levels. With Wall Street seeing little action at the back of last week owing to the Thanksgiving break, traders had few catalysts to drive action, though analysts were upbeat about the end of the year. "Although there isn't much buying interest at the moment, it's more notable that there still isn't much selling interest," said Briefing.com analyst Patrick O'Hare. The retreat in equities comes after a recent run-up across world stock markets fuelled by bets the US central bank has finished lifting interest rates as inflation comes down and the jobs market comes off the boil. Expectations that the Federal Reserve is done with hiking rates continued to weigh on the dollar Monday. The main focus this week is the release Thursday of the personal consumption expenditures (PCE) price index, the Fed's preferred gauge of inflation. "These numbers will be closely scrutinized for insights into inflation trends and their potential implications for monetary policy decisions," said SPI Asset Management's Stephen Innes. "While the current backdrop does not signify 'mission accomplished' in terms of addressing inflation, policymakers must now focus on planning for the next phase of the economic battle." Still, observers were upbeat about the outlook, with the latest weakness blamed on traders taking a breather after a strong month. Tony Sycamore, at IG Group, said early December could see some selling as investors "rebuild energy and (look) to set up for the end-of-year fireworks". Others said a drop in Wall Street's VIX "fear gauge" -- a measure of equity volatility -- to its lowest since January 2020 suggested investors were getting their mojo back. Eyes are also on developments at OPEC after the group and its allies, notably Russia, delayed a meeting aimed at agreeing production quotas, with some African countries said to be baulking at Saudi Arabian calls for more cuts. The group is thought to be close to reaching an agreement that could see the Saudis and Russia extend output reductions into the new year. OANDA analyst Craig Erlam said the OPEC+ group has shown in the past it usually can get a deal done, even if Saudi Arabia and Russia need shoulder bigger cuts. "But the question is how far they'll push it, given the recent trend in oil prices and increasing concerns around global growth next year," said Erlam. Crude prices have fallen in recent weeks as demand is seen coming down owing to slowing economies, particularly China's, and the Middle East conflict appears to not have expanded to include other countries in the region. Key figures around 1630 GMT New York - DOW: DOWN 0.2 percent at 35,338.58 points London - FTSE 100: DOWN 0.4 percent at 7,460.70 (close) Paris - CAC 40: DOWN 0.4 percent at 7,265.49 (close) Frankfurt - DAX: DOWN 0.4 percent at 15,966.37 (close) EURO STOXX 50: DOWN 0.4 percent at 4,354.41 (close) Tokyo - Nikkei 225: DOWN 0.5 percent at 33,447.67 (close) Hong Kong - Hang Seng Index: DOWN 0.2 percent at 17,525.06 (close) Shanghai - Composite: DOWN 0.3 percent at 3,031.70 (close) Euro/dollar: UP at $1.0935 from $1.0922 Pound/dollar: UP at $1.2611 from $1.2585 Euro/pound: DOWN at 86.70 pence from 86.79 pence Dollar/yen: DOWN at 148.94 from 149.56 yen West Texas Intermediate: DOWN 0.1 percent at $75.44 per barrel Brent North Sea crude: DOWN 0.3 percent at $80.36 per barrel .....»»
Musk tours site of Hamas attack with Israeli PM
Tech tycoon Elon Musk visited the site of a Hamas attack in southern Israel Monday with Israeli Prime Minister Benjamin Netanyahu and the two discussed artificial intelligence with defence chiefs, officials said. Musk and Netanyahu held a brief interview on the billionaire's online platform X, formerly Twitter, following their tour of Kfar Aza, one of the kibbutzim -- communal farms -- in southern Israel attacked by the Palestinian militant group on October 7. "We have to demilitarise Gaza after the destruction of Hamas," Netanyahu said, calling for a campaign to "deradicalise" the Palestinian territory. "Then we also have to rebuild Gaza, and I hope to have our Arab friends help in that context." Netanyahu told Musk he hoped to resume US-mediated normalisation talks with Saudi Arabia after Hamas's defeat and "expand the circle of peace beyond anything imaginable". None of the prime minister's public statements addressed charges of rampant anti-Semitism on Musk's social media outlet. Earlier in the day, Communications Minister Shlomo Karhi said Israel had reached an understanding in principle on the use of Starlink satellites, operated by Musk's company SpaceX, in Israel and the Gaza Strip "with the approval of the Israeli Ministry of Communications". Musk and Netanyahu also "held an extended meeting on the security aspects of artificial intelligence," a statement from the Israeli prime minister's office said. "Senior security establishment officials in the fields of artificial intelligence and cyber participated in the meeting." The American tycoon was also set to meet with President Isaac Herzog during his visit to Israel. Herzog would address "the need to act to combat rising anti-Semitism online", the office of Israel's figurehead president said Sunday. Musk has come under fire over what critics say is a proliferation of hate speech on X since his takeover of the social media site in October 2022. He has also been accused by the White House of "abhorrent promotion" of anti-Semitism after endorsing a conspiracy theory seen as accusing Jews of trying to weaken white majorities. Herzog's office said the meeting would be joined by "representatives of families of hostages held by Hamas, who will speak about the horrors of the Hamas terror attack on October 7, and of the ongoing pain and uncertainty for those held captive". Israel bombarded the Gaza strip for weeks and launched a ground assault in response to the attacks, before a four-day ceasefire took effect on November 24. In September, Netanyahu urged Musk "to stop not only anti-Semitism, or rolling it back as best you can, but any collective hatred" on X. Musk, the world's richest person, said while his platform could not stop all hate speech before it was posted, he was "generally against attacking any group, no matter who it is". X Corp is currently suing nonprofit Media Matters on the grounds that it has driven away advertisers by portraying the site as rife with anti-Semitic content. Musk has also threatened to file suit against the Anti-Defamation League, a Jewish advocacy group, over its claims that problematic and racist speech has soared on the site since he completed his $44-billion takeover......»»
Israeli president tells Musk he has ‘huge role’ in anti-Semitism
Israel's president told Elon Musk on Monday that the tech mogul has "a huge role to play" to combat anti-Semitism, which his social media platform is accused of spreading. The meeting came after the world's richest person visited a kibbutz community devastated in attacks by Hamas militants on October 7, and met with Prime Minister Benjamin Netanyahu and defence officials. Musk has been criticised over what critics say is a proliferation of hate speech on X, formerly Twitter, since his takeover of the social media site in October 2022. He has been accused by the White House of "abhorrent promotion" of anti-Semitism after endorsing a conspiracy theory seen as accusing Jews of trying to weaken white majorities. Israel's figurehead President Isaac Herzog told him: "Unfortunately, we are inundated by anti-Semitism, which is Jew hatred. "You have a huge role to play," he said. "And I think we need to fight it together because on the platforms which you lead, unfortunately, there's a harbouring of a lot of... anti-Semitism." Musk did not mention anti-Semitism in his video remarks released by Herzog's office, but said Hamas militants "have been fed propaganda since they were children". "It's remarkable what humans are capable of if they're fed falsehoods, from when they are children; they will think that the murder of innocent people is a good thing." On October 7 Hamas militants broke through Gaza's militarised border into southern Israel to kill around 1,200 people and seize about 240 hostages, according to Israeli officials, in the worst-ever attack since the nation's founding. Vowing to destroy Hamas in response, Israel has carried out a relentless bombardment of targets in Gaza, alongside a ground invasion, that the Hamas government says has killed almost 15,000. A temporary truce has been in effect since Friday. Talk of satellites Earlier Monday, Netanyahu and Musk discussed "security aspects of artificial intelligence" with senior defence officials, the Prime Minister's Office said. Musk and Netanyahu held a conversation on X following their tour of Kfar Aza, one of the communities attacked by Hamas. "We have to demilitarise Gaza after the destruction of Hamas," Netanyahu said, calling for a campaign to "deradicalise" the Palestinian territory. "Then we also have to rebuild Gaza, and I hope to have our Arab friends help in that context." Netanyahu told Musk he hoped to resume United States-mediated normalisation talks with Saudi Arabia after Hamas's defeat and "expand the circle of peace beyond anything imaginable". The war stalled progress towards a Saudi-Israel normalisation deal, and in early November Saudi Arabia's de facto ruler denounced the conduct of Israeli forces fighting Hamas in Gaza. Israel's Communications Minister Shlomo Karhi said his country had reached an understanding in principle on the use of Starlink satellites, operated by Musk's company SpaceX, in Israel and the Gaza Strip "with the approval of the Israeli Ministry of Communications". Starlink is a network of satellites in low Earth orbit that can provide internet to remote locations, or areas that have had normal communications infrastructure disabled. In September, Netanyahu urged Musk "to stop not only anti-Semitism, or rolling it back as best you can, but any collective hatred" on X. Musk said at the time that while his platform could not stop all hate speech before it was posted, he was "generally against attacking any group, no matter who it is". X Corp is currently suing nonprofit Media Matters on the grounds that it has driven away advertisers by portraying the site as rife with anti-Semitic content. Musk has also threatened to file suit against the Anti-Defamation League, a Jewish advocacy group, over its claims that problematic and racist speech has soared on the site since he completed his $44-billion takeover......»»
Marcos: Gov’t working to secure release of seafarers held by Houthi rebels
In a statement late Wednesday, Marcos said the Department of Foreign Affairs is in coordination with their counterparts in Iran, Oman, Qatar and Saudi Arabia for updates, while the Department of Migrant Workers is in constant communication with the families of the hostages. .....»»
Ukraine pitches peace plan at Malta talks
Malta opened talks on a Ukraine-proposed peace plan in its capital Valletta on Saturday with representatives from more than 50 countries attending, except boycotting Russia. Ukrainian President Volodymyr Zelensky hopes the two-day meeting, held behind closed doors, will drum up support for his 10-point plan to end the war sparked by Russia’s February 2022 invasion. It is the third Ukrainian-backed peace talks after similar summits in Jeddah, Saudi Arabia and Copenhagen, Denmark this summer. National security and policy advisors from more than 50 countries plus international institutions are expected — more than the 40-odd nations at the Saudi summit in August. Zelensky’s peace plan calls for Russia to withdraw all its troops from Ukraine’s internationally recognized borders, including from the territory of Crimea, which it annexed in 2014. Russia — which claimed to annex the four Ukrainian regions of Lugansk, Donetsk, Kherson and Zaporizhzhia in September 2022 — has rejected any settlement that would involve giving up land. The discussions would focus on five key areas — food security, energy security, nuclear security, humanitarian issues and restoring the territorial integrity of Ukraine, Andriy Yermak, the head of Ukraine’s presidential office, said this week. Organizers are hoping for a joint statement from the Malta summit, after both previous meetings ended without a final declaration. Talks participants include the United States, the European Union and Britain, staunch supporters of Kyiv, as well as Turkey, which has offered itself as a mediator between Ukraine and Russia. Also attending are South Africa, Brazil and India, members of the influential BRICS bloc, which also includes Russia. South Africa and India have not condemned the invasion, while Brazil has refused to join Western nations in sending arms to Ukraine or imposing sanctions on Moscow. China, which insists it is neutral and refuses to criticize the invasion, was present in Jeddah and is hoped to take part in Malta, diplomats said. WITH AFP The post Ukraine pitches peace plan at Malta talks appeared first on Daily Tribune......»»
Pacquiao meets Ronaldo as boxing, sports stars descend on Saudi for Fury-Ngannou bout
Manny Pacquiao and Cristiano Ronaldo were all smiles when they met each other in Saudi Arabia......»»
Gaza genocide may trigger nuke war
The genocide by Israel in Gaza is ongoing: 1. An Israeli ground assault that would duplicate and surpass the viciousness of the Hamas ground assault in terms of the number of casualties, a ten-eyes-for-an-eye biblical vendetta; 2. Intensifying random airstrikes killing civilians and 3. The deadliest — a food, water, and electricity blockade leading to genocide — if not stopped. Only about 700,000 have evacuated Gaza. The rest of the 400,000 have nowhere to go. They will be the victims of genocide by slow starvation. Sending two aircraft carriers with troops to the war region and promising total support during his recent visit to Israel, U.S. President Biden failed to stop Prime Minister Benjamin Netanyahu from continuing the genocide. In the eyes of the entire Arab and Persian worlds, both conservatives and radicals, this was tantamount to the U.S. being part of the crime. Instantly, the Arabs unilaterally boycotted a scheduled U.S.-Arab summit. Biden was left talking only to the Israelis in his Middle East tour. The U.S. is now geopolitically isolated in the entire Middle East. Rocket attacks on U.S. bases immediately ensued — two in Saudi Arabia and one in Syria. Also, Iran and Saudi Arabia, historically arch enemies, are now talking to each other. The genocide may unite all Islamic splinters into one scary solid mass. Now, the U.S. is as much a target of Islamic anger as the Israelis. It was a knee-jerk diplomatic blunder by Biden, who could have played more of a referee by openly warning Israel to stop the genocide. Now, the U.S. is part of that genocide, the critical ingredient to a possible nuclear war. As the reality of genocide emerges, it is inevitable for Iran and the Arabs to make a vicious response. There are protests in Israel against Netanyahu’s war moves, but the peacemakers are overwhelmed by the screams of the bloodthirsty. The genocide is virtually unstoppable. The Arab-Iran response may trigger a nuclear war if Israel is “cornered.” The U.S. will use its carriers to attack Iran. These carriers can quickly be taken out by a massive rain of Iranian hypersonic missiles from underground silos if these missiles are long-range enough to reach the carriers, which they will not hesitate to use in the name of survival. Existential survival is the catalyst to a nuclear holocaust. Once Iran is “cornered” by a U.S. counter-response, Russia will come into the picture, completing the elements for a full-blown proxy war beyond imagination. Russia will never permit Iran to fall into the hands of the U.S. The fall of Iran will mean the fall of Russia. The Russian response may be nuclear. China may now take the opportunity to launch the Taiwan war to weaken the U.S. in a “war on two fronts.” Many may think this scenario is an exaggeration. But this may be a valid warning if you put it side by side with the prophecies of Fatima, Medjugorje, and the Book of Revelation. There is total fear of a nuclear holocaust among the big powers — U.S.-NATO, Russia, China, and even lesser nuclear-capable nations such as Iran and India — which has been a deterrent to a nuclear war. But these prophecies may become a reality once fear evolves into anger or survival. There are violent street protests worldwide, especially in EU and U.S. cities, for and against Israel. Nations are uniting for or against Israel, a seeming new biblical event. This ongoing rapid intensifying polarization is the preview to World War III, as it was for World Wars I and II. But this new one is ten-fold in size. The Lord saved the Chosen People from their enemies in Old Testament accounts. But He punished them for turning away from Him, as in the Babylonian exile. Now, we do not know what the Lord has in store for Israel — salvation or punishment. If it is punishment, Israel may bring the entire human race down with it. Pope Francis is in a panic, launching global prayer campaigns, because he has an insight into the looming hand of God in the expanding war in the Middle East. His move in telling humanity to pray, pray, pray, and return to the Lord’s fold may be the only option. It may take the Hand of God to bring peace if prayers and a change of heart somehow appease His wrath. eastwindreplyctr@gmail.com The post Gaza genocide may trigger nuke war appeared first on Daily Tribune......»»
Napolis bags World Crown
Kaila Napolis proved the country’s jiu-jitsu fighters are world class as she delivered Team Philippines’ first gold medal in the World Combat Games in Riyadh, Saudi Arabia yesterday......»»
Napolis wins first-ever gold for Philippines in World Combat Games
Filipino ju-jitsu fighter Kaila Napolis brought home a historic gold medal in the World Combat Games in Riyadh, Saudi Arabia......»»
UN report warns of catastrophic risks to Earth systems
Melting glaciers, unbearable heat and space junk: a month before crunch climate talks in the United Arab Emirates, a UN report published Wednesday warns about irreversible impacts to the planet without drastic changes to connected social and physical systems. The Interconnected Disaster Risks Report identifies thresholds it calls "risk tipping points," defined as "the moment at which a given socioecological system is no longer able to buffer risks and provide its expected function" -- after which the risk of catastrophe increases significantly. It focuses on six areas that connect the physical and natural world with human society: accelerating extinctions, groundwater depletion, mountain glacial melt, space debris, unbearable heat and an "uninsurable" future. "As we indiscriminately extract our water resources, damage nature and biodiversity, and pollute both Earth and space, we are moving dangerously close to the brink of multiple risk tipping points that could destroy the very systems that our life depends on," said Zita Sebesvari, the report's lead author. For example: Underground water reservoirs represent an essential freshwater resource around the world and today mitigate half of the losses of agriculture caused by droughts, which are being exacerbated by climate change. But aquifers themselves are now depleting faster than they can be naturally replenished: Saudi Arabia has already crossed the groundwater risk tipping point while India isn't far behind. In the case of accelerating extinctions, the report highlights the cascading effects of extinctions throughout food chains. "The gopher tortoise, which is threatened with extinction, digs burrows that are used by more than 350 other species for breeding, feeding, protection from predators and avoiding extreme temperatures," the report said. If the gopher tortoise goes extinct, the gopher frog that helps control insect populations will likely follow, triggering effects throughout the entire forest ecosystem of the southeastern United States. Mountain glaciers that store vast amounts of freshwater meanwhile are melting twice as fast as they did in the past two decades. "Peak water" -- the point when a glacier produces its maximum amount of water runoff due to melting -- has been reached or is expected to be reached within the next ten years across small glaciers in Central Europe, Western Canada and South America. "The 90,000+ glaciers of the Himalayas, Karakoram and Hindu Kush mountains are at risk, and so are the nearly 870 million people that rely on them," the report said. In the case of space junk, the report warns Earth's orbit is in danger of becoming so full of debris that a collision triggers a chain reaction that threatens humanity's ability to operate satellites -- including those that provide vital early warning monitoring against disasters. The report finds most solutions currently being implemented focus on delaying problems rather than genuinely addressing the root causes. "We need to understand the difference between adapting to risk tipping points and avoiding them, and between actions that delay looming risks and those that move us towards transformation," it said. The post UN report warns of catastrophic risks to Earth systems appeared first on Daily Tribune......»»
DMW to follow up on unpaid salaries of Saudi OFWs
Department of Migrant Workers Officer-in-Charge Hans Leo Cacdac said on Wednesday that they will continue following up on the settlement of the unpaid salaries of more than 10,000 overseas Filipino Workers in Saudi Arabia. In an interview, Cacdac said that the Ministry of Finance is on board to work on the financial concerns of the OFWs in Saudi Arabia. “From our talks with our own counterparts there…we were also informed that the Ministry of Finance is on board to take care of the financial matters because this would involve disbursement of funds,” Cacdac said. “It’s just hard to pin down a timeline at this point because the Saudi processes still continue. In principle, we respect the Saudi processes, and at the same time we’ll continue to persist in terms of coordination and follow-ups with the Saudi government,” he added. In November 2022, Saudi Crown Prince Mohammed bin Salman pledged to allocate about 2 billion riyals for the unpaid wages of 10,000 overseas Filipino workers employed by construction companies that filed for bankruptcy in 2015 and 2016. The DMW pledged in March to provide each worker with P10,000 in assistance while waiting for the Saudi Government to fulfill its promise. The DMW and the Department of Social Welfare and Development each contributed financial assistance for the OFWs. The post DMW to follow up on unpaid salaries of Saudi OFWs appeared first on Daily Tribune......»»
US Treasury seeking coalition against Hamas financing: official
Washington aims to build an international coalition to target the financing of Hamas, a top US Treasury official said Tuesday, as conflict rages on in the Middle East. The comments to AFP by Deputy Treasury Secretary Wally Adeyemo come after the United States unveiled fresh sanctions last week on Hamas members, operatives and financial facilitators. "Our goal is to build a coalition with countries both in the region but also around the world to go after their financing," Adeyemo said on the sidelines of an event in Washington. Hamas gunmen stormed across the border from Gaza into Israel on October 7, carrying out the deadliest attack since the country was created in 1948 and taking over 200 people hostage. In retaliation, Israel announced it would destroy Hamas and began a relentless bombardment of the Gaza Strip. Thousands of civilians have been killed on both sides since the conflict began. Adeyemo said that during a trip to Europe later this week, he plans to meet with "allies and partners and talk about what we can do in a coordinated way to go after Hamas' financial network." While the United States has previously issued a number of sanctions against Hamas, which Washington has designated a terrorist group, Adeyemo said the organization has tried to find ways around the restrictions -- such as by using cryptocurrencies and new facilitators. On Tuesday, French President Emmanuel Macron -- on a solidarity visit to Israel -- called for Hamas to be added to the targets of an international coalition against the Islamic State group. Without commenting on Macron's specific remarks, Adeyemo told AFP that "the strategy that was used to counteract the Islamic State and other terrorist groups is the one we have to use here." Brian Nelson, the Treasury under secretary for terrorism and financial intelligence, is also visiting Qatar and Saudi Arabia this week. He held a meeting with "a number of Gulf countries, where they talked about what they can do to increase their focus on terrorism as well," said Adeyemo. "We look forward to taking additional actions when it comes to sanctions and using some of our other tools against Hamas," Adeyemo added. The post US Treasury seeking coalition against Hamas financing: official appeared first on Daily Tribune......»»
Saudi visit generates 200K jobs
Over 200,000 jobs will soon be available for Filipinos as a direct outcome of several deals President Ferdinand Marcos Jr. sealed with Saudi Arabia. Thus said Speaker Martin Romuldez, who accompanied Mr. Marcos during his two-day visit to Saudi Arabia for the Association of Southeast Asian Nations-Gulf Cooperation Council Summit, wherein they sealed numerous business deals in key sectors, such as healthcare, hotel and restaurant, and maintenance and operations, among others that would generate approximately 220,000 jobs over the next few years. Mr. Marcos believes these agreements are expected to generate more than $4.26 billion. Securing this pact, Romualdez said, serves as a concrete manifestation of the Marcos administration’s commitment to promoting the welfare and socioeconomic status of the Filipino workforce by enhancing the long-standing friendship and diplomatic ties between the two nations. The post Saudi visit generates 200K jobs appeared first on Daily Tribune......»»
Tabugara, Wong grab silver medals in Riyadh
The Philippines’ Agatha Wong and Clemente Tabugara Jr. each copped a silver medal in wushu at the World Combat Games in Riyadh, Saudi Arabia over the weekend......»»
Marcos back in Philippines after ‘successful’ Saudi trip
It was a “short but successful” visit, President Marcos said yesterday after arriving from Saudi Arabia where he attended the first summit of leaders of Southeast Asian nations and the Gulf states......»»
Other Gulf states express interest in Maharlika
Aside from Saudi Arabia, other countries in the Gulf region have signified interest in the Maharlika Investment Fund, according to President Marcos......»»