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  • Entrepreneur Middle East’s Achieving Women 2022: Alia Al Farsi, Founder, Alia Gallery

    In her younger years, one of the things that Alia Al Farsi was certain she wanted to do in the future was to open her own art gallery. An artist herself, with an art career spanning decades and involving the representation of her country Oman in regional and international exhibitions and competitions, by 2018, Al Farsi felt it was finally the right time to start working on her eponymous gallery, Alia Gallery, which she describes as her "biggest art project yet."

  • UK urged not to downgrade Europe and Middle East in strategic rethink

    Foreign Secretary James Cleverly said in a keynote speech on Monday that "the world’s geopolitical centre of gravity is moving south and east". But Alicia Kearns, who chairs the parliamentary foreign affairs committee, said the phrase "Indo-Pacific tilt" often used by ministers was unhelpful. "The UK is not tilting away from its Euro-Atlantic partners," she said. "A careful balance must be struck between nurturing close ties with old friends and allies, particularly in the wake of Russia’s invasion of Ukraine, and forging newer partnerships elsewhere."

  • Factbox: 10 memorable impressions from the Qatar World Cup | Reuters

    The Qatar World Cup has delivered a rich feast of soccer for the past month, with shocks, great goals, incredible celebrations and record-breaking feats served up by the assembled cast.

  • EU meets to try to break gas price cap impasse

    European Union energy ministers are meeting in Brussels on Tuesday to try to agree a bloc-wide cap on gas prices after months of deadlock over whether the measure can ease Europe's energy crisis. After weeks of infighting between countries, the European Commission proposed a price cap last month - the latest EU response to a crisis caused by Russia cutting gas deliveries to Europe this year, leading to energy price spikes.

  • EU strikes deal on world-first carbon border tariff

    After all-night negotiations, the European Union struck a political deal on Tuesday to impose a carbon dioxide emissions tariff on imports of polluting goods such as steel and cement, a world-first scheme aiming to support European industries as they decarbonise. Negotiators from EU countries and the European Parliament reached a deal at around 5am in Brussels, on the law to impose CO2 emissions costs on imports of iron and steel, cement, fertilisers, aluminium and electricity.

  • EU credibility at stake in European Parliament graft probe, ministers say

    The European Union's credibility is at stake, EU foreign ministers warned on Monday, following allegations Qatar lavished cash and gifts on European Parliament officials to influence decision-making. Greece on Monday froze the assets of a key suspect in the case, Eva Kaili, a vice president in the European Parliament and one of four people arrested and charged in Belgium over the weekend, a source with knowledge of the matter said.

  • Europe’s largest Middle Eastern bookseller to close

    Al Saqi Books in London, which was established in 1978, blames closure on rise in prices of Arabic-language books and ‘detrimental’ effect of Brexit

  • Egyptian e-commerce startup SIDEUP raises $1.2m seed round for Saudi expansion

    Egyptian startup SIDEUP, which provides a suite of services for e-commerce businesses, has raised US$1.2 million in seed funding from regional and global investors to help it expand into Saudi Arabia.

  • No OPEC+ oil shakeup as Russian price cap stirs uncertainty

    The Saudi-led OPEC oil cartel and allied producers including Russia did not change their targets for shipping oil to the global economy amid uncertainty about the impact of new Western sanctions against Russia that could take significant amounts of oil off the market. The decision at a meeting of oil ministers Sunday comes a day ahead of the planned start of two measures aimed at hitting Russia’s oil earnings in response to its invasion of Ukraine. Those are: a European Union boycott of most Russian oil and a price cap of $60 per barrel on Russian exports imposed by the EU and the Group of Seven democracies.

  • EU Asks Members to Set Russia Oil-Price Cap at $60

    The European Commission, the European Union’s executive body, has asked the bloc’s 27 member states to approve a price cap on Russian oil of $60 a barrel, according to people familiar with the matter. Under the plan, the Group of Seven and Australia would to ban the provision of maritime services for Russian oil shipments unless the crude is sold at or under the level.