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SINGAPORE: Commodity markets fell on Monday as oil prices fell sharply due to easing tensions between the US and Iran, while gold and silver fell for a second consecutive session after CME Group announced it would increase margin requirements. President Donald Trump’s selection of Kevin Warsh as the next Federal Reserve Chairman on Friday triggered a sell-off that sent precious metals sharply lower. Gold and silver had risen 30% and 71%, respectively, to record highs in January before the economic downturn. U.S. stocks came under early pressure as investors dumped other assets to cover losses in precious metals, but absorbed…

The Islamic Military Counter Terrorism Coalition (IMCTC) on Monday launched a rehabilitation and reintegration initiative for individuals with extremist ideology and terrorist acts known as ‘Idomaji’ in Islamabad. The ceremony was attended by Pakistan’s Defense Minister Khawaja Mohammad Asif and Coalition Secretary-General Mohammed Almoghedi, as well as numerous military, security and diplomatic officials. In his speech, Almoghedi said the Idomaji initiative is a core pillar of the coalition’s work in the intellectual field, stressing that rehabilitation and reintegration programs constitute the first line of defense against extremism. He stressed that countering extremism cannot be limited to security and military measures…

Artist Mahmoud Hegazi’s official page on the social networking site Facebook posted his first comments after the announcement of his arrest, in which he said he was content to publish a verse from the Quran that read: “And they plot, and Allah plots, and Allah is the greatest planner,” which his followers considered an expression of his faith in judicial justice and divine management.he was arrested in cairoSecurity agents from the Cairo General Directorate of Security have arrested artist Mahmoud Hegazi on suspicion of harassing a woman inside a well-known hotel in the capital.Official report from a foreign girl from…

US President Donald Trump has announced a far-reaching trade deal with India that includes fundamental changes to the energy and trade files between the two countries, a step described as a significant shift in economic relations.Commercial contract detailsOn Monday, President Trump announced a new “trade agreement” with New Delhi after a phone conversation with Indian Prime Minister Narendra Modi. It states that India will suspend purchases of Russian oil, while considering supplementing it with oil imports from the United States and possibly Venezuela.Alternative energy: US and Venezuelan oilPresident Trump explained that Prime Minister Modi had agreed to a switch from…

Egypt – Investment and real estate management company Serenity has officially begun operations as Egypt’s first specialized developer focused on the development and management of memorial gardens, announcing its first project, Serenity, in partnership with the Administrative Capital for Urban Development (ACUD). The Serene project will be developed in an initial phase covering 58 feddans, strategically located along the Suez Road in Egypt’s new administrative capital. The project is scheduled to begin in the first quarter of 2026. According to the company, the development aims to introduce a new model for Egyptian memorial gardens, redefining the traditional concept of cemeteries…

NEW DELHI: Indian refiners need a wind-down period to complete Russian oil deals before halting imports from the country, but so far there has been no order from the government to halt such imports, two refiners said. US President Donald Trump on Monday announced a trade deal with Indian Prime Minister Narendra Modi that includes a halt to India’s oil purchases from Russia. Indian companies have already booked cargo to be loaded in February and arrive in March, so a period of relaxation will be needed to meet existing commitments, the official said. They spoke on condition of anonymity because…

Abu Dhabi – AD Ports Group today announced the signing of a HoT with the Ministry of Transport, Communications and Openness of the Democratic Republic of the Congo. National Transport Agency (ONATRA SA) for the development and operation of a multi-purpose terminal at the Port of Matadi in the Democratic Republic of the Congo. The main parts of the Covenant were signed by Jean-Pierre Bemba Gombo, Deputy Prime Minister and Minister of Transport and Communications of the Democratic Republic of the Congo, at the Presidential Court in Abu Dhabi. Captain Mohammed Juma Al Shamisi, Managing Director and Group CEO of…

WASHINGTON/NEW DELHI: US President Donald Trump on Monday announced a trade deal with India that will significantly reduce US profits. India will stop buying Russian oil and lower trade barriers, in exchange for increasing tariffs on Indian goods from ‍50% to 18%. President Trump announced the deal on social media after a phone call with Indian Prime Minister Narendra Modi, noting that India would buy oil from the United States and potentially Venezuela. A White House official told Reuters that the United States would lift a 25% punitive tariff on all imports from India that it had imposed on top…

Arab League Secretary-General Ahmed Aboul Gheit has flatly denied meeting or having any relationship with the late American billionaire Jeffrey Epstein, insisting that his name was only on the guest list for a diplomatic event and that he never attended.Egyptian journalist Ahmed Moussa revealed in the “About My Responsibility” program broadcast on the “Sada El Balad” channel that he called Abul Gheit directly to find out the truth about what was circulating in the past hours after his name appeared on one of the millions of pages related to the Epstein case published by the US Department of Justice.Musa quoted…

Mega deals in energy, technology and artificial intelligence (AI) will continue to influence M&A deals in MENA this year as the region’s sovereigns continue to diversify their economies. The region performed well in 2025, with announced M&A value increasing 154% year-on-year to $193.1 billion, a record high, according to LSEG Deals Intelligence. “The M&A landscape will continue to focus on specific sectors such as energy, artificial intelligence and digital infrastructure. This is not surprising given that countries in the region aim to establish themselves as leaders in this space and become globally relevant,” said Ahmed Salem, co-head of MENA investment…