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Pakistan, Saudi Arabia investors launch fund to boost trade, investment
Middle East

Pakistan, Saudi Arabia investors launch fund to boost trade, investment

ISLAMABAD, Nov 9 (Reuters) - A joint council of Saudi Arabian and Pakistani investors launched a private equity fund on Monday as part of the countries' wider push to deepen two-way private sector tra

GFM News• 22 hours ago
US asks Iraq to shut most Iran border crossings, Iraqi foreign minister says
Middle East

US asks Iraq to shut most Iran border crossings, Iraqi foreign minister says

Nov 8 (Reuters) - The US Treasury has asked Iraq to close all border crossings with Iran except for two as part of Washington's policy of increasing economic pressure on Tehran, Iraqi ⁠Foreign Ministe

GFM News• 1 days ago
Lilly, Hims Join Forces to Reach More Weight-Loss Drug Patients
Middle East

Lilly, Hims Join Forces to Reach More Weight-Loss Drug Patients

Eli Lilly & Co. is teaming up with Hims & Hers Health Inc. to make its blockbuster obesity medicines more widely available, tapping into the telehealth company's vast customer base to boost sales of d

GFM News• 3 days ago
Turkey court jails former minister in funds probe, Anadolu says
Middle East

Turkey court jails former minister in funds probe, Anadolu says

ANKARA, Nov 6 (Reuters) - A Turkish court jailed a former minister and senior member of the ruling AK Party early on Friday in an investigation into the country's fund crisis, state-run Anadolu Agency

GFM News• 3 days ago
Turkey unveils 2040 energy plan requiring more than $200 billion in electricity investments
Middle East

Turkey unveils 2040 energy plan requiring more than $200 billion in electricity investments

ISTANBUL, Nov 5 (Reuters) - Turkey's Energy Minister Alparslan Bayraktar unveiled the country's 2040 national energy policy on Thursday, which requires more than $200 billion in investment to meet the

GFM News• 4 days ago
Israeli ex-generals condemn settler violence, help Palestinian farmers
Middle East

Israeli ex-generals condemn settler violence, help Palestinian farmers

QUSRA, West Bank, Nov 3 (Reuters) - A group of senior Israeli ex-military officials helped Palestinian farmers on Tuesday to harvest olives, in a gesture of solidarity amid an upsurge in militant sett

GFM News• 5 days ago
COMMENTARY: Qatar's US LNG bet signals a new energy order
Middle East

COMMENTARY: Qatar's US LNG bet signals a new energy order

LONDON, Nov 3 (Reuters) - Turning to your biggest rival is rarely a sign of confidence. Yet Qatar's decision to sign long-term contracts for US supplies suggests the world's second-largest LNG exporte

GFM News• 7 days ago
Simmers, Medina win first Philippines Pro in hollow typhoon surf
Middle East

Simmers, Medina win first Philippines Pro in hollow typhoon surf

Nov 3 (Reuters) - Brazil's three-times world champion Gabriel Medina scored a near-perfect tube to win the inaugural Philippines Pro in heavy, hollow typhoon surf on Tuesday, while California's Caitli

GFM News• 7 days ago
Abu Dhabi's ADNOC, G42 sign deal with OpenAI as Sam Altman travels to UAE
Middle East

Abu Dhabi's ADNOC, G42 sign deal with OpenAI as Sam Altman travels to UAE

DUBAI, Nov 2 (Reuters) - Abu Dhabi's ADNOC and artificial intelligence firm G42 on Monday signed a deal with OpenAI under which the state energy firm will integrate advanced AI capabilities across its

GFM News• 7 days ago
Iran provincial official says US attacked fishing boats off Qeshm Island, state media
Middle East

Iran provincial official says US attacked fishing boats off Qeshm Island, state media

Oct 31 (Reuters) - Iranian state broadcaster IRIB, citing a Hormozgan province official, said ⁠on Saturday that the US attacked two fishing boats near Qeshm Island, leaving two ⁠fishermen missing and

GFM News• 8 days ago
Iran's IRGC Navy says two tankers 'exploded' after hitting mines in Hormuz
Middle East

Iran's IRGC Navy says two tankers 'exploded' after hitting mines in Hormuz

Nov 1 (Reuters) - Iran's Islamic Revolutionary Guard Corps Navy said two oil tankers "exploded" after striking mines while traveling through an "unauthorized route" in the Strait ⁠of Hormuz, Iranian s

GFM News• 8 days ago
Egyptian man who fire-bombed pro-Israel rally in Colorado pleads guilty to federal hate crimes, media reports
Middle East

Egyptian man who fire-bombed pro-Israel rally in Colorado pleads guilty to federal hate crimes, media reports

DENVER, Oct 29 (Reuters) - The man accused of throwing gasoline bombs at a pro-Israel rally in Colorado last year, injuring several people including a woman who later died, pleaded guilty on Thursday

GFM News• 11 days ago
IMF aims for Egypt's last program review to be cleared by mid December
Middle East

IMF aims for Egypt's last program review to be cleared by mid December

Oct 29 (Reuters) - The International Monetary Fund said on Thursday its current mission to Egypt aims to reach a staff-level agreement and bring it to its executive board for approval before mid-Decem

GFM News• 11 days ago
Egypt's central bank makes first rate hike since March 2024
Middle East

Egypt's central bank makes first rate hike since March 2024

CAIRO, Oct 29 (Reuters) - Egypt's central bank raised its key interest rates by 100 basis points on Thursday, the first hike by the bank since March 2024. The monetary policy committee raised the dep

GFM News• 11 days ago
Israeli stocks fall, shekel weakens as Netanyahu bloc beats election forecasts
Middle East

Israeli stocks fall, shekel weakens as Netanyahu bloc beats election forecasts

JERUSALEM/LONDON, Oct 28 (Reuters) - Israel's currency, stocks and bonds came under pressure on Wednesday as initial election results showed Prime Minister Benjamin Netanyahu's right-wing bloc perform

GFM News• 12 days ago
Israel's shekel jumps to 5-week high amid record election turnout
Middle East

Israel's shekel jumps to 5-week high amid record election turnout

JERUSALEM, Oct 27 (Reuters) - Israel's shekel jumped nearly 2% to a five-week high on Tuesday as high voter turnout lifted traders' bets that the country's first election since the October 7, 2023, Ha

GFM News• 12 days ago
Egypt signs preliminary financing agreement on $650 million solar project in Upper Egypt
Middle East

Egypt signs preliminary financing agreement on $650 million solar project in Upper Egypt

CAIRO, Oct 26 (Reuters) - Egypt has signed a preliminary financing agreement with Norway's Scatec (SCATC.OL), opens new tab and three multilateral development banks for a $650 million solar power proj

GFM News• 13 days ago
Turkey may make acquisitions, sign deals for further hydrocarbon exploration by year-end, minister says
Middle East

Turkey may make acquisitions, sign deals for further hydrocarbon exploration by year-end, minister says

ISTANBUL, Oct 27 (Reuters) - Turkey may reach agreements to make acquisitions or further explore for hydrocarbons by the end of the year as part of its target to produce 1 million barrels of oil and n

GFM News• 13 days ago
Canada, UAE sign trade deal as Carney seeks new trading partners
Middle East

Canada, UAE sign trade deal as Carney seeks new trading partners

OTTAWA, Oct 27 (Reuters) - Canada and the United Arab Emirates signed a comprehensive trade deal on Tuesday to lower barriers between the two economies and boost investment, the governments said, as P

GFM News• 13 days ago