Red Sea issue puts Yemen peace process on hold
DUBAI, UAE- As Houthi attacks roil the Red Sea and Western air raids target the rebels, moves to end Yemen's long-running...
Geostrategy
World’s biggest flying lab comes to Asia on air pollution mission
Clark, Philippines - NASA has kicked off a series of marathon flights in Asia with the world's biggest flying laboratory, in...
Science
Geostrategy
Iran says Vienna nuclear deal talks ‘complicated’ but ‘no impasse’
Iran is engaged in negotiations with Britain, China, France, Germany and Russia directly and with the United States indirectly to...
- But the US unilaterally withdrew from deal in 2018 under then-president Donald Trump and reimposed economic sanctions.
- Sanctions prompted Tehran to begin rolling back on its commitments. The drive to salvage the 2015 nuclear deal resumed in late November.
Geostrategy
US warns Ukraine attack would bring ‘severe costs’ to Russia
Efforts to defuse the crisis in Ukraine via a frenzy of telephone diplomacy failed to ease tensions on Saturday, with...
- Weeks of tensions, which have seen Russia nearly surround its western neighbor with more than 100,000 troops, intensified
- That came when Washington warned that an all-out invasion could begin "any day" and Russia launched big naval drills
Business
The annual Sharjah Heritage festival to kick off in March
Armenia will be the official guest of honor this year due to its rich and diverse cultural stock, while Indonesia...
- The Sharjah Institute for Heritage (SIH) announced that the festival’s slogan will be "The Heritage and the Future"
- A total of 33 countries would participate in the event including Saudi Arabia, Oman, Kuwait and Qatar from GCC
Economy
UN points to blue economy for global growth
Communities and businesses that rely on the ocean are hurting, as more than 3 billion people depend on marine and...
- The World Bank defines blue economy as "sustainable use of ocean resources for economic growth, improved livelihoods, and jobs” while preserving oceans
- The UN has earlier noted that a good blue economy could help the world achieve its Sustainable Development Goals, including one for life under water
Economy
IEA warns of ‘chronic’ OPEC+ failure to meet 2022 oil demand
The 13 members of the Saudi-led Organization of the Petroleum Exporting Countries (OPEC) and their 10 allies, including Russia, had...
- The group began to increase output last year, renewing every month a target of 400,000 barrels per day, as demand and prices recovered.
- But analysts have said some members, such as Angola and Nigeria, have been unable to scale up their production and others are unwilling to do so.
Economy
Global diesel supplies fall as demand rises in post-pandemic recovery
Global supplies of diesel are dwindling as refiners struggle to keep pace with rapid post-pandemic demand recovery, exacerbating an acute...
- Northwest European diesel cargo prices reached $114/bbl on Monday, the highest since September 2014.
- Tight supply has pushed Asian diesel prices for the benchmark 10ppm gasoil to their highest since Sept. 2014.
Geostrategy
Sheikh Khaled and Prince William discuss global sustainability initiatives
Chairman of Abu Dhabi Executive Office Sheikh Khaled bin Mohamed bin Zayed Al Nahyan and Prince William of the UK...
- The two were briefed on Environment Agency - Abu Dhabi's (EAD's) ongoing work to protect the environment and enhance biodiversity.
- The initiative marks Prince William's visit, aiming to establish the emirate as a leading global center for research and innovation.
Analysis
Inflation, geopolitics might worsen credit conditions: S&P
The credit ratings agency has said the prospects for global economic growth have softened, even if it was to a...
- In a Global Credit Conditions Special Update, S&P Global ratings has said downside risks to global credit conditions are escalating
- It pointed especially to geopolitical tensions, persistent inflation, and the prospect of central banks raising borrowing costs
Geostrategy
World leaders look to avert Russia-NATO clash over Ukraine
With war clouds gathering over Ukraine, international diplomacy goes into overdrive on Monday with the French and Russian presidents to...
- US officials have said the Kremlin has assembled 110,000 troops along the border with its pro-Western neighbor
- However, intelligence assessments have not determined whether President Vladimir Putin has actually decided to invade
Science
UAE to host International Conference on Space Operations next year
The Mohammed Bin Rashid Space Center (MBRSC) announced that it will host the 17th International Conference on Space Operations (SpaceOps...
- Scientists, practitioners, engineers and leaders in the space industry will participate in the event.
- UAE’s Mars 2117 Strategy seeks to be the first to establish a human colony on the Red Planet.
Red Sea issue puts Yemen peace process on hold
DUBAI, UAE- As Houthi attacks roil the Red Sea and Western air raids target the rebels, moves to end Yemen's long-running...
Geostrategy
Company News
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Chinese diplomat, Arab Parliament speaker discuss Middle East
BEIJING, CHINA – The director of China’s Office of the Central Commission for Foreign Affairs met with the speaker of...
Geostrategy
EU okays updated Pfizer and BioNTech’s anti-Covid vaccine
Adults and children over five require a single shot "irrespective of their Covid-19 vaccination history" while younger children may get...
Geostrategy
Iran’s non-oil exports reach US$19.3bn in March to July 2023
TEHRAN, IRAN - Some 56 million tons of non-oil goods, valued at US$19.3 billion, were exported in the first five...
Business
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Arts & Culture
NEOM to set up education, research and innovation center
TABUK, SAUDI ARABIA – NEOM has announced plans to establish a world-class education, research and innovation (ERI) center, following last...
- NEOM’s ERI center will enable access to a world-class education, research and innovation ecosystem at any stage of the life of a learner.
- The curricula deployed across NEOM’s ERI pillars will prepare a digitally fluent workforce, equipping students with real-life skill sets.
Geostrategy
French President says change in existing world order would weaken West, Europe
PARIS, FRANCE - Attempts to change the existing world order threaten to weaken the West and especially Europe, French President...
- Emmanuel Macron said the role of the UN Security Council, International Monetary Fund and World Bank are constantly being challenged.
- Emmanuel Macron said the role of the UN Security Council, International Monetary Fund and World Bank are constantly being challenged.
Geostrategy
Turkey’s Erdogan to visit Russia for talks with Putin
Turkish President Recep Tayyip Erdogan is to visit Russia "soon" for talks with Vladimir Putin on reviving a deal to...
- Kremlin spokesman Dmitry Peskov told reporters that a meeting was being prepared "intensively", without giving a time or place for the talks.
- Erdogan has used his good relations with Russia and Ukraine to try to bring the two sides into formal peace talks.