US and Iran exchange strikes across Middle East for second day in a row
Iran says it responded to US strikes by targeting American assets in Kuwait, Jordan and Bahrain, which reported damage to its capital city overnight.
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Africa: Aethexai Raises $3m for Voice Ai in Africa and Middle East
AethexAI raised $3 million in pre-seed funding to build voice AI systems for enterprises in Africa and the Middle East, where customer support still depends heavily on phone calls. The round was led by 4DX Ventures, with participation from Enza Capital, Dorm Room Fund, Mojo Ventures and Stanford GSB 26 Fund. Individual investors included Stanford…
U.S., Iran, missile, Middle East, Israel, OPEC
Four soldiers are climbing a wall and they are ready to fight. Yoh4nn | E+ | Getty Images Oil prices rose Monday amid heightened tensions in the Middle East as Iran and Israel traded strikes, raising concerns over a fragile ceasefire and an extended conflict. International benchmark Brent crude futures for July advanced 3.18% to $96.05 per barrel….
Africa: Cost of Middle East War Harshly Impacting Children in Africa, Globally – UN Agency
Geneva — The war launched in the Middle East by the United States is nearly 100 days old, and the fallout extends far beyond the region, with the cost of vaccines impacting children across Africa and globally, says the United Nations. “The disruption to global humanitarian supply chains is impacting children across the globe, with…
Africa: In a World of Blocs, France and Kenya Chose the Middle
Why Nairobi? A lot of ink has already been spilled to explain the choice of Kenya to host the upcoming Africa France summit, the first gathering of heads of state from the continent Emmanuel Macron is convening since his election in 2017. But a broader, more geopolitical explanation has largely been overlooked. The origin of…
Africa: Statement By the Chairperson of the African Union Commission On Renewed Escalation in the Middle East
The African Union Commission expresses deep concern over the renewed escalation in the Gulf region, including reported drone and missile attacks and disruptions to maritime traffic in the Strait of Hormuz. These developments risk further destabilization and carry significant implications for global energy markets, with immediate economic repercussions for African countries. The African Union Commission…
Africa and the Middle East Crisis – Better Prepared, but Not Insulated
The timing couldn’t be worse for a continent just beginning to recover from two recent global shocks. Africa is again staring down the barrel of an external shock. The Middle East crisis marks the third major supply disruption in less than a decade, following COVID-19 and the 2022 Russia-Ukraine conflict. In each case, an external…
Netanyahu next to Middle East map: ‘We strangled them and have more to do’ | Benjamin Netanyahu
NewsFeed Standing in front of a map of the Middle East, Israeli Prime Minister Benjamin Netanyahu describes how six countries ‘wanted to strangle us’ but instead ‘we strangled them… and we have more to do’. Ambassadors from Israel and Lebanon are set to hold talks in Washington DC on Tuesday, but they’ve issued conflicting statements…
WTI, Brent, Saudi pipeline attack, Middle East war
A maze of crude oil pipes and valves is pictured during a tour by the Department of Energy at the Strategic Petroleum Reserve in Freeport, Texas. Richard Carson | Reuters Oil prices slipped below the $100 threshold on Friday amid persistent tensions around the Strait of Hormuz, with the vital shipping lane still largely closed…
Africa: The Impacts of the Middle East Conflict On Africa
The global economic environment has become increasingly volatile with rising frequency of major shocks worldwide. Amid spikes in energy, food and fertilizer prices caused by the ongoing conflict in the Middle East, the African Development Bank (AfDB) (www.AfDB.org), the African Union Commission (AUC) the United Nations Development Programme (UNDP), and the UN Economic Commission for…