Renault Scenic model wins Car of the Year at Geneva auto show
Renault unveiled a new electric vehicle and its Scenic model won the Car of the Year award at the first...
Business
UAE to provide US$10m grant to support WTO initiatives, says foreign minister
ABU DHABI, UAE – Emirates Minister of Foreign Affairs Sheikh Abdullah bin Zayed Al Nahyan has announced that the UAE...
Geostrategy
Geostrategy
Ukraine is Europe’s ‘fastest growing refugee’ crisis since World War II
UN officials said they expected the wave of refugees to intensify further as the Russian army pressed its offensive, particularly...
- More than 1.5 million refugees from Ukraine have crossed into neighboring countries in 10 days, the UN High Commissioner for Refugees Filippo Grande said.
- WHO director-general Tedros Adhanom Ghebreyesus, also expressed grave concern at the worsening humanitarian situation.
Business
Turkey tourism industry bemoans Russia-Ukraine war
Every Sunday Noori Sani welcomes his old friends around a bountiful Turkish breakfast in Istanbul. But surrounding him now are...
- Within a few days of Russia's invasion of Ukraine on February 24, Ukrainians and Russians cancelled reservations for trips of Turkey
- Visitors from Ukraine and Russia made up over a quarter of all tourists who arrived in Turkey last year, tourism ministry reported
Economy
UAE, IRENA to give clean cooking energy to communities
The initiative, called Beyond Food, was launched in collaboration with the Nama Women Advancement Establishment.
- The UAE and IRENA will have tied up to promote the deployment of clean cooking solutions across the world
- The partnership aims to expand and bring in more key actors working on this issue in the coming days
Geostrategy
Israel PM meets Putin on Ukraine in ‘risky’ diplomatic move
Israeli Prime Minister Naftali Bennett's sit-down with Russian President Vladimir Putin was the first by a foreign leader since the...
- Bennett and Putin met for three hours, in a visit that was coordinated with the US, Germany, and France
- Bennett's delegation included housing minister Zeev Elkin, a fluent Russian-speaker born in Soviet-era Ukraine
Economy
Moody’s says Ukraine war endangers global economic recovery
The Russia-Ukraine conflict and subsequent sanctions have increased risks to the global economic outlook, with effects that will depend on the...
- Europe's recovery would be at risk if the military conflict escalates, according to VP-Senior Credit Officer at Moody's, Kelvin Dalrymple
- Rising prices for commodities from the region, such as oil, grains and metals, are increasing inflationary pressures, Moody's said
Geostrategy
Iran and IAEA see a way to resolve nuclear issues
Iran and the International Atomic Energy Agency said Saturday after talks in Tehran that they agreed on an approach to...
- The announcement came shortly before Russia said it would seek guarantees from the United States before it backs the deal
- The nuclear deal is hanging by a thread since the United States' unilateral withdrawal in 2018 under then-president Donald Trump
Geostrategy
Russia attack on Ukraine nuclear plant draws global ire
With fears growing of nuclear conflict, the US and Russian armed forces have set up a new direct phone line...
- Ukraine has accused the Kremlin of ‘nuclear terror’, and US envoy to the UN said the attack was ‘incredibly reckless and dangerous’
- Russia’s UN ambassador called accusations that Russian forces had shelled the plant part of ‘an unprecedented campaign of lies’
Interview
Saudi Crown Prince opens up on every little thing
Saudi Arabia’s Crown Prince Mohammed bin Salman has created quite a few ripples with his views on all things important...
- The crown prince said he was leaning towards taking Saudi Arabia towards the ‘real teachings’ of Islam
- He also said the country was working towards codifying Islamic law as had been handed down directly by the Prophet
Geostrategy
France says worst yet to come in Russia-Ukraine conflict
France on Thursday expressed fear that the worst phase of Russia's war on Ukraine could be yet to start, with...
- France Foreign Minister said that Ukraine's resistance against Russian invasion could lead to cities being targeted
- The minister warned Kharkiv in the east, Mariupol in the south and Kyiv itself were at risk of encirclement by Russia
Business
Lufthansa posts net loss of $2.2bn
The German carrier said it cut its losses by two-thirds in 2021.
- German airline Lufthansa said that Ukraine invasion has led to uncertainty in aviation sector
- It said rising price of fuel would also adversely impact the sector and could reduce the profit
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Renault Scenic model wins Car of the Year at Geneva auto show
Renault unveiled a new electric vehicle and its Scenic model won the Car of the Year award at the first...
Business
Company News
Verition opens office in DIFC
Business
Latest News
Building less, repurposing more key to low construction sector emissions
The industry is responsible for 37 percent of global carbon dioxide emissions and growing urbanization is spurring the construction of...
Geostrategy
IsDB to finance projects worth US$800m in member states
JEDDAH, SAUDI ARABIA - The Board of Executive Directors (BED) of the Islamic Development Bank (IsDB) approved to finance projects...
Geostrategy
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Geostrategy
G20 adopts Leader’s Summit declaration, says Indian PM Modi
NEW DELHI, INDIA- Indian prime minister and G20 host Narendra Modi said on Saturday the body had reached consensus on...
- "Because of our team's hard work, and with your support, there is a consensus on the New Delhi G20 Leaders' Summit declaration," the Indian Prime Minister said.
- Finding consensus among members has been increasingly difficult in recent years, with key G20 members deeply divided over Russia's war in Ukraine.
Geostrategy
UAE President, Indian Prime Minister discuss strengthening bilateral, trade ties
NEW DELHI, INDIA - UAE President Sheikh Mohamed bin Zayed Al Nahyan and Indian Prime Minister Narendra Modi met to...
- The meeting was held on the sidelines of the 18th Group of 20 (G20) Heads of State and Government Summit in New Delhi.
- The two sides also exchanged views on various regional and international developments of mutual interest.
Business
Jordan-ASEAN Economic Forum to be held in March 2024, says ACC
AMMAN, JORDAN - Chairman of the Amman Chamber of Commerce (ACC) Khalil Haj Tawfiq said the Jordanian Economic Forum with...
- ACC will host the forum, in cooperation with Malaysia, Indonesia, the Philippines, Thailand and Sultanate of Brunei.
- Trade exchanges between Jordan and ASEAN grew by 42 percent during 2022, compared to 2021, ACC's statistical data said.