Korea Electric Power Corp (KEPCO) said it had won a contract to build and operate the second phase of a cogeneration power plant at Saudi Arabia's Jafurah project. The company expects total revenue of about 2.1 trillion ⁠won ($1.4 billion) from ⁠the project. KEPCO said in a statement it signed the »»»

Germany has failed to win a temporary seat on the UN Security Council for the first time, losing a General Assembly vote to Austria and Portugal. Foreign Minister Johann Wadephul called the outcome “a real disappointment,” after Berlin had won all six of its previous bids. Portugal won 134 votes an»»»

Marcin Romanowski, the former Polish deputy justice minister accused of corruption and misuse of public funds, received HUF 17.5 million while living in Hungary under political asylum, according to his latest asset declaration. Lucrative role at Hungarian institute The Polish politician, who fled t»»»

ST PETERSBURG: President Vladimir Putin faced two rival outlines of Russia’s future as he hosted his premier annual investment conference with the war in Ukraine unabated. Some participants at the glitzy St. Petersburg International Economic Forum said Russia should fight ​on and gird for global co»»»

KLEINMOND: Four days ago, Mozambican ‌immigrant Lado Amido answered a knock at his door in the South African town of Kleinmond. Outside, an angry crowd told him foreigners such as him had to leave. They went door-to-door delivering the same message. Amido ​fled and spent two nights in the mountains»»»

Parliament adopted at second reading amendments to the Investment Promotion Act, creating an Investment Coordination Council under the Council of Ministers and aligning the legislation with the Government's new ministerial structure. The amendments reflect the redistribution of responsibilities bet»»»

Share: By Jana Choukeir Smoke billows from southern Lebanon, following Israeli strikes, as seen from Nabatieh, Lebanon, June 4, 2026. REUTERS/Stringer Israel and Lebanon agreed to implement a new ceasefire after U.S.-mediated talks, the Trump administration said, raising hopes for progress toward e»»»

The European Commission’s drive to cut corporate red tape partly rests on a competitiveness narrative that is not supported by its own evidence, according to experts and data from the European Investment Bank. They show that in fact US companies report greater regulatory obstacles to investment tha»»»

Most people in today’s Middle East were born after 1979. Yet they often overlook how profoundly that year shaped their countries, their stability, and their daily lives. It unleashed storms, wars, and leaders whose ambitions and dangers far exceeded the borders from which they emerged. Some observe»»»

NEW DELHI: The owner of a south Delhi hotel where a devastating fire killed 21 people allegedly drove past the burning building and left without stopping because he was afraid, according to investigators probing one of the capital’s deadliest hotel disasters in recent years. Police arrested hotel o»»»

Cairo — Overseas investors continued to accumulate Egyptian equities on Wednesday despite ongoing debate over proposed tax reforms and the review of Egypt’s market classification by S&P Dow Jones Indices, suggesting market participants remain broadly constructive on the country’s medium-term invest»»»

Ethiopia, as a nation with a remarkable centuries-old history, diverse civilisations, and an unyielding legacy of independence, has achieved a critical milestone in political maturity. While the country’s formal engagement with modern democratic systems is relatively recent, the progress forged ove»»»

Kuala Lumpur, Malaysia: The growth of artificial intelligence (AI) presents abundant opportunities to accelerate energy transition efforts and ensure Malaysia's sustainability aspirations are achieved, Prime Minister Anwar Ibrahim said on Thursday. While the move towards sustainability is inevitabl»»»

Israel will continue its operations in southern Lebanon for now and will not withdraw from the country despite Wednesday’s conditional ceasefire after US-mediated talks, Israeli Defence Minister Israel Katz said Thursday. Lebanese state media reported Israeli strikes on the country's south after ai»»»

Russia has increased its pressure on Armenia ahead of Sunday’s parliamentary elections, pulling out virtually all the stops linked to trade should its long-term ally persist in its ambitions to join the European Union. Moscow has threatened to raise gas prices, put measures in place to be able to r»»»

At least four people have been killed in Crimea, Moscow-installed authorities said on Thursday, a day after Kyiv targeted energy and military facilities in Saint Petersburg during Russia's flagship economic forum. US Secretary of State Marco Rubio warned of a "real" risk of escalation, while Ukrain»»»

Former Bulgarian Development Bank (BDB) chief Stoyan Mavrodiev has been detained in Belgrade, according to information confirmed through cooperation between Bulgarian and Serbian authorities. His identity has been officially verified, and Bulgarian prosecutors, together with the Interior Ministry, »»»

Migrants traveling from the Greek border to Sofia are paying between 3,000 and 5,000 euros, according to Chief Commissioner Anton Zlatanov, Director of the Border Police Directorate, speaking on BNT. He said Bulgaria has significantly reduced migration pressure and dismantled 18 organized crime gro»»»

The court in Sofia has upheld a decision to release without bail a 20-year-old man accused in the death of a 16-year-old girl in Blagoevgrad, a case that has drawn significant public attention and remains under active investigation. The three-judge panel confirmed the earlier ruling of the Blagoevg»»»

Indian Prime Minister Narendra Modi held talks with Venezuela's acting President Delcy Rodriguez on Thursday as New Delhi seeks to deepen ties with the oil-rich South American nation following disruptions in global energy supplies. Rudrendra Tandon, a senior official in India's foreign ministry, sa»»»

President Sadyr Japarov has signed amendments to the Law «On the Diplomatic Service of the Kyrgyz Republic.» The document was adopted by the Zhogorku Kenesh on April 22, 2026. According to the presidential administration, the law is aimed at improving the functioning of the diplomatic service, stre»»»

The Bulgarian Academy of Sciences (BAS) has presented three macroeconomic scenarios for Bulgaria’s economic development through 2028 in its annual report prepared by the Institute for Economic Research. The document, titled “Economic Development and Policies in Bulgaria: Assessments and Expectation»»»

Pay transparency is already affecting companies in Romania, even before Directive (EU) 2023/970 is implemented locally. According to a Mirro study conducted among 100 companies in the country, 47% of organisations say they have already faced tensions, requests for pay equity, or employee departures»»»

The economic fallout from the conflict in the Middle East is expected to slow growth across emerging Europe, Central Asia and parts of Africa and the Mediterranean, as higher energy costs reignite inflation, weaken industrial competitiveness and strain already fragile public finances, the European »»»

The economic fallout from the conflict in the Middle East is expected to slow growth across emerging Europe, Central Asia and parts of Africa and the Mediterranean, as higher energy costs reignite inflation, weaken industrial competitiveness and strain already fragile public finances, the European »»»

Uzbekistan is betting heavily on technology as the next engine of economic growth, with state-backed IT Park emerging as the centrepiece of the country’s ambitions to become Central Asia’s leading exporter of digital services. That vision was on display at the sixth International PLUS-Forum Digital»»»

Central Asia is moving to convert its vast reserves of critical minerals into economic and geopolitical leverage as governments seek to position the region at the centre of global supply chains increasingly shaped by competition between China, the US and Europe. The push comes as demand soars in th»»»

President Kassym-Jomart Tokayev has hit out at politicians who label Kazakhstan as “Penaltystan”, or “Aiyppulstan” in Kazakh. The term is used to suggest an excessive reliance on fines and administrative penalties. Speaking at a meeting on the development of Alatau City near Almaty, Tokayev, as rep»»»

The economic fallout from the conflict in the Middle East is expected to slow growth across emerging Europe, Central Asia and parts of Africa and the Mediterranean, as higher energy costs reignite inflation, weaken industrial competitiveness and strain already fragile public finances, the European »»»

SNSD President Milorad Dodik said that cooperation between Republika Srpska and Russia has been at a very high political level for the past twenty years and expressed confidence that several important projects will be implemented with St. Petersburg. Following a meeting with St. Petersburg Governor»»»

JERUSALEM: Israel’s hard-line finance minister announced on Wednesday a major expansion by more ​than 2,000 homes of three Jewish settlements in the occupied West Bank that Palestinians hope will be part of a future independent state. Most nations consider Israeli settlements there to be illegal un»»»

Reforms are needed to address Bulgaria's fiscal challenges rather than simply discussing the budget deficit, Democratic Bulgaria Deputy Floor Leader Bozhidar Bozhanov told reporters on Thursday, outlining nine draft laws submitted by the coalition. The proposals include the gradual retirement of pe»»»

Doha, Qatar: The volume of real estate trading in sales contracts at the Department of Real Estate Registration at the Ministry of Justice on May 24 and 25, 2026 reached QAR 256,631,902. Meanwhile, the total sales contracts for residential units in the Real Estate Bulletin for the same period reach»»»

Marking a significant milestone for wildlife conservation in the country, Saudi Arabia has recorded the first onager birth on its soil in more than a century at the Prince Mohammed bin Salman Royal Reserve. The male foal, born in June 2025 as part of an Arabian rewilding programme, has successfully»»»

SyndiFi, an investment platform focused on commercial real estate, has received authorization as a crowdfunding service provider from the Financial Supervisory Authority (ASF), the public institution responsible for regulating and supervising non-banking financial markets in Romania. This authoriza»»»

BELGRADE - Speaking to reporters after a meeting with European Council President Antonio Costa, Serbian President Aleksandar Vucic said on Thursday he would attend the EU-Western Balkans Summit in Tivat, Montenegro, in spite of a warning from the Serbian Security and Information Agency that his lif»»»

OSLO: Round eight of Norway Chess 2026 delivered a crucial outcome in Oslo on Wednesday, with two decisive classical games and one Armageddon battle adding new tension to the race for first place. Alireza Firouzja scored an important classical victory against World Champion Gukesh Dommaraju. Playin»»»

Brigadier General Dimitar Pavlov, the Commander of the 24th Air Base, told reporters here on Thursday that his Air Base aims to join the training programme taught at the Tactical Pilot Training Centre in Portugal, as this move would greatly benefit young pilots in carrying out tactical missions. Pa»»»

Bulgarian Defence Minister Dimitar Stoyanov met with Lebanese National Defence Minister Michel Menassa during the Hemus 2026 international defence exhibition, the Bulgarian Defence Ministry said on Thursday. The talks focused on opportunities to deepen cooperation in the fields of security and defe»»»

Russian First Deputy Prime Minister Denis Manturov said he expects Russia to establish a full range of rare earth metal production capabilities by 2028, including rare metals and medium-to-heavy rare earth elements. "I expect that by 2028 we will have a complete range covering light to medium-heavy»»»

BELGRADE - The Serbian dinar's official median exchange rate against the euro is 117.3861 dinars for one euro on Thursday, which is a slight change relative to Wednesday, the National Bank of Serbia said. The dinar is steady against the euro m-o-m, down by 0.1 pct y-o-y and down by 0.1 pct relative»»»

Dubai: Air India and Riyadh Air have signed a Memorandum of Understanding (MoU) to develop a strategic partnership aimed at expanding connectivity between India, Saudi Arabia, and international destinations. Get updated faster and for FREE: Download the Gulf News app now - simply click here.The agr»»»

The Israeli army carried out airstrikes in south Lebanon on Thursday, hours after Israel and Lebanon agreed to implement a ceasefire. An Israeli airstrike targeted a vehicle on the Zefta road, while other strikes targeted Kfartebnit, Shehour, Bestat, Kfar Remman, Maaroub, Zawtar, Shoukin, Kafra, Ze»»»

Every week, Mirvet Makki sets aside earnings from her catering business to help people in Lebanon displaced by the war. Makki, 47, who cooks Lebanese dishes like couscous stews and traditional kibbeh balls in the Detroit suburb of Dearborn Heights, immigrated to Michigan in 1990. But her heart neve»»»

UNICEF Representative in Bulgaria Christina de Bruin said Thursday that some 50% of the Bulgarian children have experienced maltreatment. She spoke at a national conference ZaKrila: From Pilot Models to Sustainable Practices which took place in Sofia, on occasion of the International Day for the Pr»»»

The opening ceremony of Kyrgyzstan — Days of Turkish Cinema International Film Festival took place on June 3 at Ala-Too Cinema in Bishkek. The event began with a red carpet ceremony attended by representatives of the Turkish film industry, Kyrgyz filmmakers, cultural figures, and cinema enthusiasts»»»

Jensen Huang, CEO of U.S. chip giant Nvidia Corp., will visit South Korea later this week, industry sources said Thursday. Huang is seen here speaking at conference in Taipei on June 1. Photo by Yonhap Jensen Huang, chief executive officer (CEO) of U.S. chip giant Nvidia Corp., will visit South Kor»»»

Los Angeles, United States: Gunfire after a graduation ceremony at a northern California high school killed a teenager and wounded three other people on Wednesday in a parking lot at the campus, police said. In addition to the 18-year-old slain at Fairfield High School -- which is around 50 miles (»»»

Israeli Defense Minister Yisrael Katz asserted that the Israeli army will not cease its military operations in southern Lebanon, claiming that’ Israel’ has received US approval to target Beirut if Hezbollah launches rockets toward Israeli settlements in the north. Katz stated that the “Declaration »»»