Demand for air con set to triple by 2050, warns UN
Geneva, Switzerland -- Global demand for air conditioning could more than triple by 2050, the United Nations warned on Tuesday,...
Geostrategy
UAE ‘probably’ won’t join Gaza stabilization force: senior official
Abu Dhabi, UAE -- The United Arab Emirates is not planning to join the international stabilisation force for Gaza because...
Geostrategy
Geostrategy
Blinken, Wang discuss Gaza war in phone call
Beijing, China - The US Secretary of State Antony Blinken and China's Foreign Minister Wang Yi on Wednesday spoke over the...
- Blinken discussed his recent travel in the Middle East and US diplomatic efforts in the region with Wang
- He also underscored that the recent Houthi attacks against commercial vessels in the Red Sea
Got to have faith: religion finds its moment at COP28
Organizers say the Faith pavilion is supporting progress toward an ambitious pact to limit global warming, that also ensures financial...
- Organizers say more than 300 faith leaders from all major religions and traditional beliefs are expected to participate in the pavilion during the two-week-long conference
- Faith leaders issued an interfaith statement in support of reducing and eventually exiting fossil fuels - a flashpoint issue at the conference overseen by an Emirati oil executive
EU seeks agreement on world’s first AI law
European Commission, the EU's executive arm, first proposed an AI law in 2021 that would regulate systems based on the...
- Negotiators from EU Parliament and EU member states will meet on Wednesday from 1400 GMT, with talks expected to last into the evening
- Although there is no real deadline, senior European Union figures have repeatedly said the bloc must finalize the law before the end of 2023
Geostrategy
Israeli attack on Lebanon kills soldier, wounds three
The Lebanese army in a statement said that its position was targeted by the "Israeli enemy" on the southern border....
- Acknowledging the attack on Lebanon, Israel said that it had targeted a Hizbollah position
- At least 110 have been killed on the Lebanese side since October, mostly Hizbollah fighters
Geostrategy
Putin senses reviving fortunes as front holds, West frays
Warsaw, Poland - As Vladimir Putin touches down in the Middle East later on Wednesday for visits to the UAE...
- A much-touted Ukrainian counteroffensive that was once expected to carve through Russian lines has stalled, oil revenue is rebounding
- Russia's front line has largely repelled Ukraine's counter-offensive, launched with billions of dollars worth of Western arms
Economy
Investments strengthen Türkiye-GCC economic ties
The strategic partnerships, including substantial financial support from UAE and Qatar, mark a new era in Türkiye-GCC ties, promising to...
- The strategic partnerships, including substantial financial support from UAE and Qatar, mark a new era in Türkiye-GCC ties, promising to significantly boost bilateral trade.
- Türkiye-GCC relations are revitalized through billion-dollar deals and support for Turkey's post-earthquake recovery, aiming to triple trade with the Gulf by 2030.
Geostrategy
Russian oil price cap partially successful
LONDON, UK - A Western price cap imposed a year ago on Russia's oil has had limited success with Moscow increasingly...
- The cap was jointly imposed on December 5, 2022 by the European Union, Australia and the Group of Seven rich countries.
- Initially successful, it lost its impact once President Vladimir Putin's Russia found new buyers for its oil and new tankers to deliver it.
Geostrategy
Qatari emir denounces ‘shameful’ global inaction in Israel-Hamas war
Doha, Qatar - Qatar's ruler hit out at "shameful" international inaction over the Israel-Hamas war in Gaza as he opened a...
- Qatar emir called for a global probe into Israeli massacres in Gaza, and urged a just solution to Palestinian issue
- Qatar, a US ally which hosts a large US military base, hosts a Hamas office which doubles as the residence of its self-exiled leader, Ismail Haniyeh
Geostrategy
Released Palestinians allege mistreatment in Israeli prisons
Ramallah, Palestinian Territories -- Released under an exchange between Israel and Hamas, former Palestinian civilians held in various jails have described...
- There are around 7,800 Palestinians civilians in Israeli jails. Some 3,580 Palestinians have been held by Israeli forces since Oct 7.
- "Testimonies and video evidence also point to numerous incidents of torture and other ill-treatment by Israeli forces," Amnesty International has said.
Geostrategy
Gaza safe zones declared by Israel neither safe, nor humanitarian: UN
"The so-called safe zones... are not scientific, they are not rational, they are not possible, and I think the authorities...
- Gaza health ministry put the latest death toll of civilians killed in Israeli bombardment and ground attacks at 16,248, around 70 percent of them women and children.
- As Israel's offensive pushes deeper into Gaza, international aid organizations have warned that civilians in the de territory are running out of places to flee to.
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Revenue from Saudi cinema may exceed $1bn by 2030KSA, UAE play well as e-gaming trends across GCCExclusive: Middle East’s retail sector rides on AR and hybrid shopping to become $600bn digital economyTECOM Group profit soars 13%UAE startups eye Saudi Arabia for growth, expansionSaudi Arabia leads GCC AI healthcare raceDisparity remains as Saudis, Emiratis see wealth gains
Demand for air con set to triple by 2050, warns UN
Geneva, Switzerland -- Global demand for air conditioning could more than triple by 2050, the United Nations warned on Tuesday,...
Geostrategy
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Oil stabilises after surge, stocks drop as Middle East crisis fuels jitters
Of particular concern is the possibility of Iran shutting off the Strait of Hormuz, through which around an estimated fifth...
Geostrategy
Iran says hypersonic missiles fired at Israel as Trump demands ‘unconditional surrender’
Despite international alarm, neither side has backed off from the long-range blitz that began Friday, when Israel launched an unprecedented...
Geostrategy
Israeli army kills 53 Palestinians and injures 200 others near Gaza aid site
"Israeli drones fired at the citizens. Some minutes later, Israeli tanks fired several shells at the citizens, which led to...
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Geostrategy
MENA brief Jun 17: ADNOC Drilling appoints new CEO, Riyadh up in startup ranking
The DMCC Crypto Centre welcomed Bitcoin.com, which is setting up its first MENA office in Dubai. The Arab Coordination Group...
- Bahrain’s Central Bank reported a 188% oversubscription of its BD 70 million Treasury Bills, reflecting sustained investor confidence.
- In aviation, AviLease, the Saudi aircraft lessor, placed an order for up to 77 Airbus aircraft, including A320neo and A350F models.
Geostrategy
China’s Xi in Kazakhstan to cement Central Asia ties
Astana, Kazakhstan - Chinese President Xi Jinping will meet Central Asian leaders at a summit in Kazakhstan on Tuesday, his...
- The summit in the Kazakh capital brings together Xi - who arrived in Astana on Monday - and the leaders of Kazakhstan, Kyrgyzstan, Uzbekistan, Tajikistan and Turkmenistan
- Under Russia's orbit until the fall of the Soviet Union in 1991, the five countries of Central Asia have courted interest from major powers including China and the United States
Geostrategy
Israel, Iran trade missile fire as Trump warns Tehran to ‘evacuate’
The United States and Iran had engaged in several rounds of indirect talks on Tehran's nuclear programme in recent weeks,...
- Despite growing calls for the longtime foes to end hostilities, neither Israel nor Iran showed any signs of cutting short the missile blitz kicked off Friday
- The Chinese embassy in Tel Aviv warned its citizens to leave the country immediately, as the United States said it was deploying "additional capabilities" to the Middle East