Israel Financial News

Brent crude slipped 0.93%, or 73 cents, to $78.03 a barrel by 0753 GMT after falling more than 1% earlier in the session, while U.S. West Texas Intermediate crude futures shed 1.04%, or 77 cents, to $73.04 a barrel. «Saudi Aramco slashing its February OSPs bolsters the weak demand narrative,» said Vandana Hari, founder of oil market analysis provider Vanda Insights. Rising supply and competition with rival producers prompted Saudi Arabia on Sunday to cut the February official selling price (OSP) of its flagship Arab Light crude to Asia to the lowest level in 27 months. «If we were just to focus on the fundamentals including, higher inventories, higher OPEC/non-OPEC production, and a lower-than-expected Saudi OSP, it would be impossible to be anything other than bearish crude oil,» IG analyst Tony Sycamore said. «However, that doesn't take into account the fact that geopolitical tensions in the Middle East are undeniably rising again which will mean limited downside.» Both contracts climbed more than 2% in the first week of 2024 after investors returned from holidays to focus on geopolitical risk in the Middle East following attacks by Yemeni Houthis on ships in the Red Sea. U.S.

By Wayne Cole

A look at the day ahead in European and global markets from Wayne Cole.

been suspended from their post effective immediately". Earlier, one of the suspended deputy ministers of the Maldives cabinet, Hassan Zihan, had quoted a local media tweet on microblogging platform X and had called the news “Fake". A row erupted on social media last week when a minister and some other leaders in the Maldives used derogatory remarks against PM Modi after he posted a video of him on a beach in Lakshadweep.

By Florence Tan

Investing.com-- Oil prices fell in Asian trade on Monday after Saudi Arabia slashed the prices of its Asian crude exports to over two-year lows, although losses were limited as traders watched for any potential supply disruptions from the Middle East.

A few days ago, the president of Harvard University resigned in disgrace. There is a perception among cultural observers in America that the episode has eroded Harvard’s prestige. That cannot be true.

The hottest and most closely watched activist battle isn’t happening inside corporate America. It’s taking place at Harvard University, where Bill Ackman has applied the same playbook he has used in campaigns against the likes of Herbalife to one of the most elite and storied institutions in higher education.

Gaza Strip, let's take stock of the situation. The Israeli military has reportedly signaled that they have wrapped up major combat in northern Gaza, saying it has completed dismantling Hamas' military infrastructure there. Israeli defense forces spokesperson Rear Adm.

By Nidal al-Mughrabi

By Ari Rabinovitch, Simon Lewis and Nidal al-Mughrabi

Israeli military signaled that it has wrapped up major combat in northern Gaza, saying it has completed dismantling Hamas' military infrastructure there, as the war against the militant group entered its fourth month Sunday. The military did not address troop deployments in northern Gaza going forward. Its spokesman, Rear Adm.

NEW DELHI : Talks between India and Israel on a free trade agreement have hit the skids due to hurdles posed by the ongoing conflict in West Asia, according to two people aware of the matter. The conflict, which began after the militant group Hamas launched a terror attack on Israel on 7 October, has consumed much of the focus of India-Israel ties, one of them said. "It (the conflict) has become a major obstacle to the regular pace of talks (on free trade agreement) between the negotiating teams," this person added.

Israel on Gaza was calculated at 77 till 31 December 2023. One of the journalist who lost their life today was a video stringer for AFP news agency, Mustafa Thuria. According to the news agency Thuria had worked with AFP since 2019.

Shiuna's remarks on Prime Minister Narendra Modi's Lakshwadeep visit. The Maldives government which saw a sudden surge in cancellations in tourists from India, said that they would not hesitate to take action against those who make such “derogatory remarks". "The Government of Maldives is aware of derogatory remarks on social media platforms against foreign leaders and high-ranking individuals.

Israel and Lebanon-based Hezbollah traded fire Saturday in one of the heaviest days of cross-border fighting in recent weeks, a day after the militia's leader urged retaliation for the targeted killing, presumably by Israel, of a top Hamas leader in Lebanon's capital. Hezbollah leader Sayyed Hassan Nasrallah said that if his group didn't strike back for the killing Tuesday of Saleh Arouri, Hamas' deputy political leader, all of Lebanon would be vulnerable to Israeli attacks.

According to search and recruitment firms and India Inc executives, organisations in sectors as diverse as oil and gas and manufacturing to banking, fashion and technology are keen to run global searches while hiring, in line with their global ambitions and capacity to pay on par with international standards.

Guards vowed on Saturday to reach «the enemy» far and near as tensions soar on key shipping routes where Tehran's allies have been attacking vessels. «Today, we are facing an all-out battle with the enemy,» said Guards commander Hossein Salami at a ceremony in the southern Gulf port city of Bandar Abbas, where the Guards' navy unveiled a new ship named «Abu Mahdi» and 100 missile launchers. Salami did not name the enemy, but 22 nations have agreed to participate in a U.S.-led coalition to safeguard commercial traffic in the Red Sea from attacks by Yemen's Iran-backed Houthi movement. The Houthi attacks since November are a show of support for the Palestinian group Hamas in its war with Israel. In response, many major shipping companies have switched to the longer and more costly route around the Africa's Cape of Good Hope rather than pass through the Suez Canal, which handles about 12% of global trade. «We need to defend our national interests to wherever they extend,» Salami said in a televised speech. «It will be harmful for the enemy to be found near and at a half distant.

Benjamin Netanyahu had reportedly planned to employ American advocate Alan Dershowitz's skills to defend Tel Aviv in the International Court of Justice (ICJ), against a case alleging genocide brought forth by South Africa. The advocate famous for his notorious clientele, was Netanyahu's choice the ICJ court, next week.

Their Middle East visits came three months since Hamas militants from Gaza attacked Israel, triggering an offensive that has devastated the enclave, uprooted 90% of its population, and killed 22,600 people, according to Palestinian officials.

Israeli soldiers completed operations in northern Gaza's "Towers Neighbourhood," destroying a chemical laboratory for weapons production, tunnel shafts and anti-tank firing positions, the Israel Defence Forces said on Friday. The northern Gaza neighbourhood consists of tall buildings that dominate the area.