President Donald Trump said Thursday that the United States may take control of Iran’s oil and gas industries like it did in Venezuela earlier this year. Photo by Samuel Corum/UPI | License Photo June 11 (UPI) -- President Donald Trump said Thursday that the United States may take control of Iran's»»»

The global economy is entering an extremely sensitive phase in 2026 amid escalating geopolitical tensions in the Middle East, which have cast a heavy shadow over the fragile global recovery and reshaped the global credit and financial landscape. At the heart of these turbulent developments, Gulf Co»»»

Pope Leo XIV on Thursday visited Spain's Canary Islands, the once-notorious centre of the European migration debate, where he threw a bouquet of flowers in the sea in tribute to the migrants who perished trying to reach the Atlantic archipelago. The pontiff made a plea for "human dignity" and conde»»»

1 of 2 | Vance Luther Boelter, the man suspected of shooting two Minnesota lawmakers, is planning to plead guilty Thursday. Photo courtesy of the Minnesota Department of Public Safety/Facebook June 11 (UPI) -- Vance Boelter, the man accused of killing a Minnesota lawmaker and her husband, will plea»»»

BAGHDAD: For centuries, Baghdad’s Mutanabbi Street was a zenith for book lovers, boasting titles from all corners of the world, such that it gave birth to the Arab adage: “Cairo writes, Beirut publishes, Baghdad reads.” But on a quiet summer morning in June, traces of that rich history appeared to »»»

Dubai: The US military has acknowledged firing two Hellfire missiles at a tanker carrying Indian crew members off the coast of Oman, marking the third incident involving Indian-crewed vessels in the region in less than a week and deepening concerns over maritime security in the Gulf. In a statement»»»

A Sudanese man has been arrested on suspicion of attempted murder in Northern Ireland on Tuesday after a knife attack in Belfast on Monday night. Photo by Adam Vaughan/EPA June 9 (UPI) -- Protests spread around Belfast and in other Northern Ireland cities on Tuesday after a Sudanese man was arreste»»»

Doha Speaker of the Shura Council HE Hassan bin Abdullah Al Ghanim has underscored the importance of strengthening joint Arab action and enhancing coordination among Arab nations to safeguard regional security, protect national resources and preserve development achievements. Addressing the 39th se»»»

CAIRO — Egypt’s economic outlook received a vote of confidence from Standard Chartered, which expects the Egyptian pound to strengthen to around EGP49 per US dollar by the end of 2026, supported by ongoing economic reforms, resilient capital inflows and easing external pressures. The forecast, high»»»

Ras Al Khaimah: Ras Al Khaimah Police have called on residents to reject violence, control anger and resolve disputes through dialogue and mutual respect as part of ongoing efforts to strengthen community safety and social stability. The message was issued by the Juvenile Crimes Branch of the Crimi»»»

Super unleaded gasoline is sold at a price of $5.49 dollars per gallon at Global Gas Station on May 27, in New York City. More than half of May's increase in final demand product prices stems from a more than 23% increase in the gasoline index. Photo by John Angelillo/UPI | License Photo June 11 (U»»»

Dubai: Every young person deserves a second chance. It is a belief that has guided Aisha Al Banna throughout her work with juvenile offenders and one that has helped transform dozens of lives. The 30-year-old Emirati rehabilitation specialist from the Community Development Authority's (CDA) Soun Ce»»»

Riot police face off with protesters throwing bricks and petrol bombs in Newtownabbey, north Belfast, on Wednesday evening. Photo by Adam Vaughan/EPA June 11 (UPI) -- A dozen police officers were injured and 16 people were arrested in a second night of anti-immigrant unrest in Northern Ireland spar»»»

NEW DELHI: Fears of American attacks are growing among thousands of Indian seafarers on duty near the Strait of Hormuz, their union said on Thursday, after three were killed in a US strike off the coast of Oman. Twenty-four Indian crew members were aboard the Palau-flagged MT Settebello, which was »»»

Hungarian consumers who regularly shop on Chinese online marketplaces such as Temu will soon face higher costs, as a new European Union customs regime comes into force on 1 July. The measure will introduce a HUF 1066 (EUR 3) customs charge on low-value goods arriving from outside the EU, potentiall»»»

Canadian lawmakers will consider a social media ban for children under 16. File Photo by Roman Pilipey/EPA June 11 (UPI) -- Canada is considering banning children and young teens from social media sites, joining a growing list of countries making the change. Canadian Identity and Culture Minister M»»»

The European Commission is set to be forced to publish complete versions of its multi-billion euro contracts to buy Covid-19 vaccines after the lawyer to the EU’s top court urged it to throw out an appeal by the EU executive. In a legal opinion published on Thursday (11 June), the advocate general »»»

British Defense Secretary John Healey resigned on Thursday, in a shock move which he blamed on Prime Minister Keir Starmer and the finance ministry failing to commit sufficient resources to defense investment. His announcement is a fresh blow to Starmer and comes at a politically charged moment for»»»

The US has carried out strikes in Iran for the second consecutive day as President Donald Trump seeks to pressure Tehran into accepting his peace terms. Explosions and impacts were reported across southern and central Iran hours after US Secretary of Defense Pete Hegseth said US Central Command (CE»»»

CHICAGO: Arab and Muslim American leaders have accused the Customs and Border Protection agency and FIFA World Cup officials of targeting players from the Arab and Muslim worlds. Even before the tournament began, the US began denying entry to prominent players and referees from Arab and Muslim nati»»»

Dubai: Fresh exchanges of fire between the United States and Iran have pushed the conflict into its most dangerous phase yet and raised a question that goes far beyond the latest battlefield developments: Can President Donald Trump bomb Iran into accepting a peace deal? The Trump administration app»»»

Tanzania’s long-delayed Mkuju River uranium project has gained renewed political and investment momentum following President Samia Suluhu Hassan’s visit to Russia, with officials signalling that implementation is moving closer to full-scale development. The project, which has been stalled for more »»»

President Donald Trump on Thursday said the U.S. would hit Iran "VERY HARD TONIGHT," threatening in a social media post to "assume total control" of Iran's oil and gas industries, including the key Kharg Island, in the "not too distant future." The post come after the U.S and Iran traded strikes fo»»»

Undertakings in a monopoly, dominant or collective dominant position were barred from quoting excessively high prices, Bulgaria's Parliament resolved on Thursday, passing conclusively amendments to the Protection of Competition Act moved by Progressive Bulgaria. The revisions define "exceedingly hi»»»

The European Central Bank on Thursday became the first major central bank to raise interest rates in response to the Iran war as policymakers around the world including new U.S. Federal Reserve Chair Kevin Warsh wrestle with how to confront the inflation fed by sharply higher oil prices. The ECB's »»»

Milan, Italy: Carbon dioxide removal experts have sounded the alarm in Milan this week over a shortfall in research and investment in the nascent sector viewed as essential for mitigating climate change. Still marginal and costly, CO2 removal, known as CDR, consists of extracting the greenhouse gas»»»

Dubai: Global investors are increasing their focus on UAE capital markets as Abu Dhabi and Dubai report stronger trading activity, higher foreign participation and sustained demand for listed opportunities despite regional volatility. Sign up for our daily business newsletter, Cheques & Balances.Fo»»»

Washington, United States: US forces struck and disabled a third commercial oil tanker attempting to bypass their blockade of Iranian ports this week, US Central Command (CENTCOM) said Thursday, adding that it was the ninth such attack since the blockade began. American forces "acted against Guinea»»»

TORONTO: As the FIFA World Cup 2026 gets underway across North America, thousands of Arab football fans are preparing to follow Iraq’s journey on football’s biggest stage. For many, Toronto could become one of the tournament’s most welcoming destinations. Tomorrow, Canada will kick off their campai»»»

U.S. forces struck and disabled a third commercial oil tanker attempting to bypass their blockade of Iranian ports this week, U.S. Central Command (CENTCOM) said Thursday, adding that it was the ninth such attack since the blockade began. American forces "acted against Guinea-Bissau flagged M/T Jal»»»

BYD (Build Your Dreams/Shenzhen/002594) has quietly abandoned work on its much touted project to build a $1bn factory in Turkey, Stella Li, an executive vice president at the Chinese electric vehicle (EV) giant, confirmed on June 10. The company, however, remains »»»

Tanzania’s long-delayed Mkuju River uranium project has gained renewed political and investment momentum following President Samia Suluhu Hassan’s visit to Russia, with officials signalling that implementation is moving closer to full-scale development. The project, which has been stalled for more »»»

BELGRADE - The National Bank of Serbia (NBS) Executive Board decided on Thursday to keep the key policy rate at 5.75 pct and also kept the deposit facility and lending facility rates unchanged at 4.5 and 7.0 pct, respectively, the NBS Governor's Office said. "In making this decision, the Executive »»»

BusinessUnited States of AmericaMusk's SpaceX IPO holds both promise and perilSrinivas MazumdaruElon Musk’s rocket and AI company presents potential for investors. But its futuristic, unproven plans also carry significant financial risks. https://p.dw.com/p/5F9CkSpaceX's ultimate goal is to coloniz»»»

Equity Market Retreats as Treasury-Bill Demand Highlights Confidence in Egypt’s Macroeconomic Outlook Cairo — Egyptian equities posted their sharpest decline in weeks on Wednesday as widespread selling pressure erased much of the market’s recent gains, even as foreign investors continued to increas»»»

BELGRADE - Serbian Minister of Mining and Energy Dubravka Djedovic Handanovic said on Wednesday evening Serbia had successfully resolved all outstanding issues with Hungary's MOL regarding its acquisition of a Russian-majority stake in the Serbian oil company NIS and that compromise had been reache»»»

The Persian Gulf Strait Authority (PGSA), the body responsible for monitoring the Strait of Hormuz, has announced the full closure of the strategic waterway until further notice, citing rising regional tensions and recent military developments. In a statement issued on Thursday, the authority linke»»»

BusinessUnited States of AmericaSpaceX IPO holds both promise and perilSrinivas MazumdaruElon Musk’s rocket and AI company presents potential for investors. But its futuristic, unproven plans also carry significant financial risks. https://p.dw.com/p/5F9CkSpaceX's ultimate goal is to colonize and e»»»

Dubai: What does it take to build a stronger, more inclusive society? For Dubai’s Community Development Authority (CDA), the answer is to invest in people, empower communities, and turn vision into measurable impact. That approach has now earned the authority four prestigious awards from the Dubai »»»

Dubai: An Indian-origin financier living a luxury lifestyle of private jets, designer clothing and high-end cars has been arrested in the United States on allegations that he defrauded a bank out of nearly $100 million by falsifying insurance records and misleading lenders. Mahender Makhijani, 44, »»»

HEADLINES The leading topics in Bulgaria's print and online media on Thursday are the government's consumer basket initiative, presented as a measure to address rising prices and broader economic policy, the decision to suspend further military assistance to Ukraine, and the results of this year's »»»

Egyptian Minister of Petroleum and Mineral Resources Karim Badawy announced the complete settlement of outstanding payments to oil and gas investment partners, bringing them down to zero for the first time in years, after reaching US$ 6.1 billion in June 2024. These payments are not merely a financ»»»

Through various EU mechanisms, Bulgaria has received just over EUR 203 million for aid provided to Ukraine, Defence Minister Dimitar Stoyanov told reporters on Thursday. Not all of these funds go to the Bulgarian Army's modernization, because nearly half of them have been used to offset the deficit»»»

The ruling party, Progressive Bulgaria, has submitted a bill of amendments to the National Service for Protection (NSP) Act that will allow again the NSP to drive members of the President's administration. The bill can be viewed on Parliament's website. NSP provided transport services to the Presid»»»

RIYADH: Tourism revenues in Egypt recorded an annual rise of 14.9 percent during the first nine months of the fiscal year, reaching approximately $14.4 billion, the country’s prime minister revealed. Speaking at a weekly cabinet meeting Mostafa Madbouly also revealed remittances from Egyptians work»»»

Doha: The Machinery and Equipment Price Index (MEPI) in Qatar reached 99.99 points in Q1 2026, up by 0.82 percent compared with Q4 2025 and 0.19 percent on an annual basis. The MEPI is one the economic indicators produced by the National Planning Council (NPC), which is calculated using 2018 as a b»»»

Prime Minister Mostafa Madbouly chaired a meeting of the Economic Ministerial Group at the government headquarters in the New Capital on Tuesday, June 10, 2026, to review a number of priority economic issues and developments. The meeting was attended by Deputy Prime Minister for Economic Affairs Hu»»»

BELGRADE - The Serbian dinar's official median exchange rate against the euro is 117.3730 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»»»

Tunis, June 11 (TAP) — A delegation from the Japan–Tunisia Parliamentary Friendship Association expressed satisfaction with the positive momentum in relations between Tunisia and Japan, as both countries mark the 70th anniversary of diplomatic ties...»»»

BYD (Build Your Dreams/Shenzhen/002594) has quietly abandoned work on its much touted project to build a $1bn factory in Turkey, Stella Li, an executive vice president at the Chinese electric vehicle (EV) giant, confirmed on June 10. The company, however, remains »»»