Davos founder Schwab cleared of misconduct by WEF probe
Geneva, Switzerland -- An investigation conducted by the World Economic Forum's board on Friday cleared the body's founder Klaus Schwab...
Geostrategy
Made-for-TV pageantry as Trump brings Putin in from cold
Anchorage, United States - Stepping foot on Western soil for the first time since he ordered the invasion of Ukraine,...
Geostrategy
Geostrategy
Turkey says Greek governor detained due to technical error
Istanbul, Turkey— A senior Greek official was detained in Turkey at the weekend because of what the Ankara government described as...
- Pro-government paper Daily Sabah said Governor Tzitzikostas had been mistaken for someone else of the same name
- The two countries, which have historically testy relations, have been engaged for months in a war of words, most notably over their air and sea borders, and immigration
Market Report
Global stocks move higher as US voters cast ballots
Global stock markets mostly moved higher as Americans headed to the polls in midterm polls. The dollar got back some...
- Investors are waiting on US inflation data due on Thursday for a pointer on the interest path ahead.
- The broader S&P 500 and tech-heavy Nasdaq wobbled around before moving higher.
Geostrategy
Net zero claim not valid if companies invest in fossil fuels: Guterres
Antonio Guterres said businesses as well as cities and regions should update their voluntary net zero pledges within a year...
- The UN expert panel, convened after UN climate talks in Glasgow last year, set its sights on drawing a "red line" around greenwashing in net zero targets from companies, cities.
- Firms would also not be able to continue activities that result in deforestation and still claim they are decarbonising, the panel said.
Geostrategy
Jordan imported 405k barrels of Iraqi crude in October
AMMAN, JORDAN - Jordan imported about 405,550 barrels of crude oil from Iraq in October, an average of 13,000 barrels...
- Jordan had imported roughly three million barrels of Iraqi crude from September 2021 to October 2022.
- The crude oil was transported by 11,565 Jordanian and Iraqi tanker trucks.
Geostrategy
UAE, Russia discuss ways to bolster medical collaboration
DUBAI, UAE - UAE's Ministry of Health and Prevention (MoHAP) discussed with the Russian Ministry of Industry and Trade ways...
- The two sides discussed ways to encourage more Russian companies to transfer some of their production lines to the UAE.
- The two sides discussed exchange of medical expertise and ways to expand partnerships in the pharmaceutical sector between UAE and Russia.
Geostrategy
UN urges Egypt to release hunger-striking dissident Abdel Fattah
Abdel Fattah, 40, was a major figure in the 2011 revolt that toppled longtime president Hosni Mubarak. After a seven-month...
- British Prime Minister Rishi Sunak and French President Emmanuel Macron met with Egyptian President Abdel Fattah al-Sisi and upped the pressure for his release.
- Activists at COP27 have also been posting prolifically on Twitter under the hashtag #FreeAlaa.
Geostrategy
UAE-India manpower technical panel discuss collaboration
DUBAI, UAE - The UAE-India joint technical committee for manpower held its first meeting where it explored areas of collaboration...
- Both parties highlighted their keenness to enhance cooperation to ensure a safe, organized and legal transition of Indian laborers.
- The UAE delegation presented key insights on its job market, which is one of the preferred global destinations for work.
Geostrategy
Sweden seeks Turkish approval for its NATO membership
Despite the change in stance in Stockholm, some analysts believe Turkey's presidential and parliamentary elections in June 2023 could delay...
- NATO Secretary General Jens Stoltenberg sought last week to strengthen the new applicants' hand by personally travelling to Ankara to argue their case
- Turkey, which seeks to maintain good relations with both Ukraine and Russia, has refrained from joining Western sanctions on Moscow
Geostrategy
Paris Agreement key to achieve sustainable development goals: Middle East Green Summit
The summit reviews ways to enhance integration of the optimal energy mix for electricity production to achieving climate change targets...
- The summit reviews ways to enhance integration of the optimal energy mix for electricity production to achieving climate change targets through MoUs and agreements
- It also supports efforts to reduce emissions in the Middle East region and beyond by signing bilateral and multilateral agreements and MOUs in the field of clean energy
Economy
Food prices declined in October, says Jordan trade minister
AMMAN, JORDAN - Jordan Minister of Industry, Trade and Supply and Minister of Labor Yousef Shamali said Monday that food...
- The minister attributed the decline to falling oil prices and its impact on production and transport costs.
- He said that the fall in the prices of food is also due to measures taken by the government.
Most Read
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
Davos founder Schwab cleared of misconduct by WEF probe
Geneva, Switzerland -- An investigation conducted by the World Economic Forum's board on Friday cleared the body's founder Klaus Schwab...
Geostrategy
Company News
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US census to include Middle Eastern or North African category
The next US census and federal government forms will include new options for race and ethnicity including a category for...
Geostrategy
US Federal Reserve’s preferred inflation gauge ticks up as fuel costs rise
WASHINGTON, US – The US central bank's favored measure of inflation edged higher last month on the back of rising fuel...
Economy
Israeli strikes kill dozens in Syria and Lebanon, rile Russia and Iran
In Syria, "Israeli strikes" targeted a Hizbollah "rockets depot" in Aleppo province, killing 36 Syrian soldiers, seven Hezbollah members and...
Geostrategy
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Geostrategy
Turkey’s Erdogan seeks to wrest back Istanbul in mayoral election
Istanbul, Turkey--Recapturing Istanbul, the "jewel" of Turkey, in Sunday's local elections has become President Recep Tayyip Erdogan's obsession ever since losing...
- In 1994, Erdogan was elected mayor of the city, setting him up to become president of the country, a seat he continues to occupy
- He named former minister Murat Kurum as his mayoral candidate, entrusting him to reconquer Istanbul and consolidate his power
Geostrategy
ICJ orders Israel to ensure humanitarian aid in Gaza
The International Court of Justice said in its order that Israel should "take all necessary and effective measures to ensure,...
- The court said that Palestinians in Gaza are no longer facing only a risk of famine, but... famine is setting in
- At the ICJ, South Africa has charged that Israel is perpetrating a genocide in Gaza
Geostrategy
Russia says ‘evidence’ links Ukraine to Moscow attack
MOSCOW, RUSSIA - Russia said on Thursday it had evidence the perpetrators of last week's massacre at a concert hall outside...
- Russian officials alleged the suspects had received "significant amounts of money and cryptocurrency from Ukraine".
- The officials said that said another man "involved in financing the terrorists" had been identified and detained.