Ajman’s real estate sector deals up 37% in H1 to hit $3.37bn
Ajman, UAE -- The real estate sector in the Emirate of Ajman recorded real estate transactions worth AED 12.4 billion...
Business
Air India probe of Boeing 787 fuel control switches finds no issues
Mumbai, India - Air India's inspection of the locking feature on the fuel control switches of its existing Boeing 787...
Investigation
Geostrategy
Afghan minister says Pakistan providing airspace for US drones
Mujahid's comments came less than a month after US President Joe Biden announced the killing of Al-Qaeda chief Ayman al-Zawahiri...
- Afghan defense minister said that deploying these drones into Afghanistan is "still a clear invasion of Afghanistan and its airspace by the Americans"
- Border tensions between Pakistan and Afghanistan have risen since the Taliban seized power on August 15 last year
Geostrategy
Venezuela and Colombia restore diplomatic ties
More than eight million Colombians make a living from trade with Venezuela, which is why one of the objectives is...
- Presidents of Colombia and Venezuela announced on August 11 that they planned to restore diplomatic relations that were severed in 2019
- The last president in Colombia, Ivan Duque, did not recognize Maduro as president but rather opposition leader Juan Guaido
Geostrategy
IAEA chief leading team to Ukraine’s Zaporizhzhia nuclear plant
"The day has come, IAEA's Support and Assistance Mission to Zaporizhzhya is now on its way," Grossi tweeted, saying the...
- Grossi has for months been asking to be able to visit the site, warning of "the very real risk of a nuclear disaster."
- The Zaporizhzhia plant has been occupied by Russian troops since shortly after Moscow launched its invasion on February 24
Economy
Asian markets tumble after Powell’s rate hike warning
The hefty selling tracked a painful day on Wall Street, where all three main indexes tanked between three and four...
- Analysts said the chances of a third successive 75 basis-point increase next month had risen, with US Treasury yields surging
- Tokyo, Sydney, Seoul and Taipei all fell more than two percent. Hong Kong, Shanghai, Singapore, Jakarta and Wellington were also well down
Business
Germany stocks up large gas reserves despite Russian cuts
Owing to its energy saving measures in recent weeks coupled with huge purchases of gas from suppliers other than Russia,...
- Germany’s energy regulator the Federal Network Agency said last week the country was unlikely to meet its goals
- Gas flows from the main pipeline, Nord Stream, fell to 20 percent, with the EU accusing Moscow of using energy as a weapon in its stand-off with the West over Ukraine
Geostrategy
EU ministers to look at appeal to ban Russian tourists
Encouraged by Ukraine to ban all Russian tourists from visiting Europe, EU foreign ministers will study the idea in a...
- Ukrainian President Volodymyr Zelensky is now demanding the West shut its borders to all Russians, including tourists
- The European Commission insists on the need for humanitarian access for dissident Russians, and says visa applications should be assessed individually and not under a blanket rule
Geostrategy
Israeli spy chief to meet US officials on Iran deal
Prime Minister Yair Lapid said that Israel's "diplomatic fight" against the deal included its national security advisor and defense minister...
- Israel says a deal would facilitate the funding of Iran-supported militants, while not preventing Tehran from developing a nuclear weapon
- In 2018, then-US president Donald Trump unilaterally withdrew from the agreement designed to prevent Iran from developing a nuclear weapon
Geostrategy
Kuwait government calls September election amid political tensions
The only Gulf state with a fully elected legislature, the key oil producer has been hit by regular feuding between...
- That came amid growing disputes between that cabinet and opposition MPs, who had won nearly half the seats in the legislature during the previous election in December 2020.
- The opposition has regularly accused ministers from the royal family of mismanagement and corruption.
Geostrategy
Tokyo to push for African seat on UN Security Council, says Japan PM
Japan will use its place on the United Nations Security Council to push for an African seat on the top...
- Japan was among five countries elected in June to hold a non-permanent seat on the UN Security Council for 2023 and 2024
- Japanese PM also promised aid to train police officers and support "fair and transparent" elections across the continent
Geostrategy
Turkey accuses Greece of ‘hostile action’ against jets
The two uneasy NATO neighbors have long-standing sea and air boundary disputes which lead to near-daily air force patrols and...
- Greek defense ministry sources dismissed the allegations made by Turkey saying that it's S-300 missile system has never put a lock on Turkish F-16 jets.
- Turkey has in recent months complained of what it calls provocative actions by Greece, saying such moves undermine peace efforts.
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Ajman’s real estate sector deals up 37% in H1 to hit $3.37bn
Ajman, UAE -- The real estate sector in the Emirate of Ajman recorded real estate transactions worth AED 12.4 billion...
Business
Company News
Latest News
Palestinian Authority president approves new government
Prime Minister Mohammed Mustafa, who presented the government and aims to see it play a role in post-war Gaza said...
Geostrategy
UBS reports lower net profit in 2023
The Swiss government pushed it to buy Credit Suisse last year.
Business
US shoots down four Houthi drones in Red Sea
In November, the Houthis launched a campaign of drone and missile strikes against vessels in the Red Sea, an area...
Geostrategy
Most Read
Arts & Culture
Jill Biden writes children’s book about ‘First Feline’ Willow
Washington, United States - The Bidens' dogs grabbed headlines with their bad behavior, but "First Feline" Willow is getting a book...
- First Lady Jill Biden has written a children's story about the short-haired tabby's journey from a farm in Pennsylvania to the White House in 2022
- "Willow the White House Cat" will come out four months before President Joe Biden faces a bitter political catfight for reelection with Donald Trump
China’s Xiaomi to enter EV market
China's EV sector has grown rapidly in recent years.
- Xiaomi CEO Lei Jun has promised that the SU7 EV will be "the best-looking, best-driving and smartest car" costing under $69,200
- Xiaomi is the world's third-biggest smartphone maker, and its experience in that sector has helped shape its EV strategy
Economy
Aramco CEO terms energy transition strategy a failure
Speaking at the CERAWeek conference in Houston, Saudi Aramco Chief Executive Amin Nasser said that the current transition strategy is...
- ExxonMobil Chief Executive said "we're not on the path" to reaching net zero emissions by 2050
- In November last year, COP28 conference included a call for a transition away from fossil fuels