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...
Geostrategy
France shuts Israeli weapons industry booths at Paris Air Show
The decision added drama to the major aerospace industry event, which was already under the shadow of last week's deadly...
Geostrategy
Geostrategy
Lebanon: US calls for de-escalation, UN impartial probe into port blast
Heavy fighting claimed at least six lives and left dozens wounded in Lebanon's capital Thursday as an escalation of tensions...
- The unrest broke out after shots were fired at a rally organized by Hezbollah and Amal movements.
- The rally was held against judge Tarek Bitar, who is investigating the last year's massive blast at Beirut port.
Business
UAE discusses trade partnership with South Korea
The UAE and South Korea have discussed the prospect of pursuing a Comprehensive Economic Partnership Agreement to strengthen economic ties,...
- The negotiation process for this agreement is set to begin soon
- It is expected to cover issues like market access to goods and services, ecommerce, and carbon neutrality
Geostrategy
Iraq’s Sadr must work with pro-Iran groups to choose PM
Firebrand cleric Moqtada Sadr may be Iraq's big election winner but he will still have to haggle with his opponents,...
- The political maverick had initially vowed to boycott the polls but then sent his movement into the race
- The Fatah (Conquest) Alliance, Hashed's political wing, lost more than half of its 48 deputies
Geostrategy
EU envoy on nuclear talks meets Iran deputy minister
The talks came a day after US Secretary of State Antony Blinken warned of "other options" if diplomacy failed.
- The 2015 nuclear deal gave Iran sanctions relief in return for curbs on its nuclear activities
- But it has been on life support since 2018, when then US president Donald Trump unilaterally pulled out
Geostrategy
Qatar distributes much-needed aid in besieged Gaza
Qatari support is considered a crucial lifeline for impoverished Palestinians living in Gaza, which has been under Israeli blockade since...
- The $100 handouts would be provided to 95,000 needy families through the UN, said Qatari envoy Mohammed al-Emadi.
- The UN's special coordinator for the Middle East peace process said the distribution would continue "throughout this week".
Geostrategy
Beirut rocked as violence hits port blast rally
Heavy fire rang out as ambulances rushed the wounded through the deserted streets, a few blocks from the Palace of...
- According to Interior Minister Bassam Mawlawi, at least six people were killed, all of them by gunfire.Â
- The Court of Cassation earlier turned down a lawsuit filed by two ex-ministers demanding Bitar's replacement.Â
Geostrategy
Jordan to get $11m from US to stem water loss
The Water Authority of Jordan has signed an agreement with USAID in this regard in the third phase of a...
- The deal is aimed at reducing water loss in Maan Governorate in southern Jordan
- The agreement is the third phase of a five-year $152-million Fixed Amount Reimbursement Agreement
Business
UAE, Senegal to set up joint business council
The MoU was signed on the sidelines of the Expo 2020 Dubai in the presence of President Macky Sall of...
- For the UAE, the MoU signatory was Abdullah Mohamed Al Mazrouei, Chairman of the Federation of UAE Chambers of Commerce and Industry
- For the African country, it was Aba Traore and Elimane LAM on behalf of the Consortium of Employer’s Unions of Senegal
Economy
Africa needs to revamp transportation for economic development: DP World CEO
Africa offers significant potential for investment and economic partnerships that can create mutual benefits for UAE businesses and their African...
- Africa offers significant potential for investment and economic partnerships, Sultan Bin Sulayem said at Global Business Forum Africa.
- Dubai keen to transfer its experience to help develop business in Africa, Bin Sulayem said.
Business
DMT issues a new Code of Practice for marina operations
The Department of Municipalities and Transport (DMT) has announced a new Code of Practice (CoP) encompassing the primary Health, Safety...
- The new code will push the emirate's ambition to become one of the top five global maritime centers by 2030.
- The code stipulates mandatory attestation of Marina Berth Leasing Contracts by DMT no later than six months or at the time of the next contract renewal.
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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
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...
Geostrategy
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India says Qatar reduced death sentence of 8 navy personnel
Indian media have reported that the eight Indian nationals -- among them former high-ranking and decorated officers, including captains who...
Geostrategy
India targets leading journalists with Pegasus spyware: Amnesty
"Our latest findings show that increasingly, journalists in India face the threat of unlawful surveillance simply for doing their jobs,...
Geostrategy
Spanish PM Pedro Sanchez supports Iraq’s sovereignty, stability
"My country, always at the request of the Iraqi authorities, will support the unity, sovereignty and stability of Iraq," said...
Geostrategy
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Geostrategy
Norway fund drops Aramco, 11 other Gulf firms over ’rights concerns’Â
KLP, which manages over 700 billion kroner ($70 billion), said the exclusion amounted to $15 million. The fund dropped 11...
- Saudi Aramco was blacklisted due to its ties to the Saudi state and for "contravening expectations over climate and energy transition plans", the fund said.
- In 2021, the fund excluded 16 companies with links to Israeli settlements in the West Bank, which are considered to be in violation of international law.
Geostrategy
Palestinian Monetary Authority condemns Israeli raids on exchange firms
Ramallah, Palestinian Territories -- The Palestinian Monetary Authority (PMA) said Thursday that the Israeli occupation army’s storming of six exchange...
- The occupation forces raided six exchange companies in different cities in the West Bank, Palestinian news agency WAFA reported.
- They also arrested several of their owners and seized money from their safes after blowing them open.
Donkey head used to desecrate Jerusalem Muslim cemetery
Describing the 35-year-old as "unbalanced", police said he was arrested after they were alerted that a man had "broken the...
- Police said the man was carrying an axe at the time of his arrest, adding that another suspect who allegedly had helped in taking him there was also in custody
- The cemetery is near the Al-Aqsa mosque compound, a site holy to both Muslims and Jews and is at the heart of tensions between Palestinians and Israelis