Several nations eager to join Charter of Cooperation, says OPEC Secretary-General
ABU DHABI, UAE - Secretary-General of the Organization of Petroleum Exporting Countries Haitham Al Ghais said that OPEC is in...
Business
Law, politics hamper UK museum return of artifacts
LONDON, UK - British museums, like others across Europe, are under pressure to return artworks taken during the colonial era, including...
Geostrategy
Economy
Middle East Energy Event to address future of energy transition
The Middle East Energy Event (formerly Middle East Electricity) will be held at Dubai World Trade Center from 7th-9th March....
- The event, formerly known as Middle East Electricity, will be held at Dubai World Trade Center from 7th-9th March.
- A study by Goldman Sachs revealed green hydrogen could meet 25 percent of global energy requirements in the next 30 years.
Business
OPEC+ okays fresh modest oil output hike despite rising prices
The 23-nation OPEC+ group has said in a statement that it will increase production by 400,000 barrels per day in...
- OPEC+ is already struggling to meet its quotas, with some members unable to scale up their production
- Other members, such as Saudi Arabia and the United Arab Emirates, are unwilling to increase output
Economy
Digital Cooperation Organization launches Startup Passport at LEAP
The Digital Cooperation Organization (DCO) has announced the launch of the DCO Startup Passport to make it quicker, easier and...
- The initiative will start initially in Saudi Arabia and Nigeria, opens potentially lucrative markets with a combined population of more than half a billion.
- The Startup Passport addresses the problems of SMEs challenges by reducing administrative and financial burdens and accelerating corporate registration.
Economy
Second instalment of Sunref energy program launched in Palestine
Bank of Palestine (BOP) and Proparco in cooperation with the EU have jointly announced the signing of Sunref II Green...
- The purpose of SUNREF Green Finance Program is to provide solutions to promote energy efficiency and renewable projects.
- The program plays a crucial role in the Palestinian ecological system since energy services’ costs are high.
Economy
IMF and World Bank delay annual meet again
The annual meetings set to take place in Morocco will be held in Washington.
- The 2020 meeting of IMF, World Bank was held virtually and the 2021 meeting in a hybrid format
- Marrakesh was scheduled to host in 2020, will be the site of next year's event
Analysis
Low-code, no-code tools decode GCC’s digital gains
The growth of low-code tools, heightened by digital transformation, is expected to bring about general employee upskilling across several industries...
- Businesses adopt many tools when they are going through a digital transformation
- They are often categorized as low-code or no-code, depending on how much programming they need
Analysis
Transformation will propel MENA economy: IMF
Major economies in the MENA region have already got the ball rolling when it comes to diversifying their economies.
- Jihad Azour, Director of the Middle East and Central Asia Department at IMF, has said the economic recovery of the region is affected by several factors
- However, the region needs to rely on an agenda of transformation policies to continue down the path of economic recovery
Geostrategy
Kuwait Red Crescent Society, ICRC to support relief program for Rohingyas
Kuwait Red Crescent Society and International Committee of the Red Cross will support and implement a relief medical program for...
- The agreement with ICRC supports the health, water and sanitation sectors, said Dr. Hilal Al-Sayer, chairman Kuwait Red Crescent Society.
- Through these joint efforts, thousands of people will receive vital humanitarian assistance, including health care.
Geostrategy
US values the role Kuwait plays as advancer of peace: Antony Blinken
US Secretary of State Antony Blinken affirmed that his country places "tremendous value" on the role that Kuwait plays as...
- Kuwait has been an indispensable bridge to try to resolve challenges in the region and even beyond, Blinken said.
- He said Kuwait has developed relationships with both Lebanon and Iraq, which is something US places tremendous value in.
Geostrategy
US agency designates three Hezbollah-linked financial facilitators
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated three Hezbollah-linked financial facilitators and their Lebanon-based...
- This action comes at a time in which the Lebanese economy faces an unprecedented economic crisis.
- OFAC designated Adel Diab, Ali Mohamad Daoun, Jihad Salem Alame, and their company, Dar Al Salam for Travel & Tourism.
Several nations eager to join Charter of Cooperation, says OPEC Secretary-General
ABU DHABI, UAE - Secretary-General of the Organization of Petroleum Exporting Countries Haitham Al Ghais said that OPEC is in...
Business
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There are no frozen assets abroad, says Iranian President
TEHRAN, IRAN – Iran President Ebrahim Raisi on Tuesday said that the country’s money is only blocked in South Korea...
Geostrategy
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...
Arts & Culture
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...
Geostrategy
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Geostrategy
Iran says European countries willing to buy our drones
TEHRAN, IRAN - A number of European countries have asked to purchase Iran’s unmanned aerial vehicles, the spokesperson for the...
- A spokesperson for the Iranian Defense Ministry said Tehran is prepared to export military drones after fulfilling its domestic needs,
- Political and security considerations will be taken into consideration before finalizing such deals, the spokesperson added.
Geostrategy
Tehran exports goods worth $7.2bn to West Asia in 4 months from March 2023
TEHRAN, IRAN - Iran exported $7.2 billion worth of products to West Asian countries in the first four months of...
- Comprehensive strategic five-year plans have been defined for the West Asian countries with a focus on trade infrastructure.
- The plans include organizing and development of transportation platforms, banking exchanges, customs and standards.
Business
Climate change to be discussed in Dubai COP28 meet, says Egypt minister
Cairo, Egypt - Egyptian Minister of International Cooperation Dr. Rania Al Mashat, said the 28th Conference of the Parties to...
- noted that international reports indicate that the countries in the Middle East and North Africa region are most vulnerable to climate change risks
- Al Mashat added that COP28 will see presentations on the most important results and joint action taken over a year within the National Platform for Green Projects