Saudi Arabia sends $250m to bolster Yemeni government
Saudi Arabia said it had disbursed $250 million in aid to the internationally-recognized government in Yemen. The money follows an...
Geostrategy
Scientists in UK create new fusion record
LONDON, UK - Scientists in Britain announced on Thursday they had smashed a record for generating fusion energy in the final...
Science
Economy
Millionaires, non-profits make joint appeal for wealth tax
A wealth tax on the world's richest people could raise at least $2.52 trillion per year.
- The proposal comes from a network of NGOs, social movements, and pro-tax millionaires
- It follows separate reports showing that the world's wealthiest people have grown richer during the pandemic
Geostrategy
UAE demands UNSC meeting after Houthi attacks
Several countries — ranging from regional ones like Qatar, Bahrain, Kuwait, Iraq, and Egypt, to Russia and the US —...
- The UAE has called on the UNSC to unequivocally condemn the Houthi attacks with one voice
- UN Secretary-General Antonio Guterres has already condemned the attack, besides calling for restraint
Geostrategy
Winners of 2022 Zayed Sustainability Prize honored for community services
The 2022 Zayed Sustainability Prize has been awarded to 10 winners who have contributed towards achieving sustainable development in their...
- The award ceremony coincided with the start of the 2022 Abu Dhabi Sustainability Week (ADSW).
- Through its 86 former winners, the Prize has transformed the lives of more than 370 million people, across 150 countries, since 2008.
Economy
OPEC expects robust oil demand in 2022 to overcome Omicron threat
Global demand for oil is expected to remain "robust" in 2022 and overcome short-term disruption caused by the Omicron coronavirus...
- The Saudi-led group of top oil producers warned future virus strains and pandemic-related travel restrictions could threaten the global economic recovery.
- European crude benchmark Brent North Sea reached $88.13 per barrel, while US contract WTI hit $85.74 -- the highest levels since October 2014.
Business
World’s 10 richest men doubled wealth during pandemic, says Oxfam
Oxfam said the men's wealth jumped from $700 billion to $1.5 trillion, at an average rate of $1.3 billion per...
- Oxfam said in its report that the pandemic has plunged 160 million people into poverty
- Non-white ethnic minorities and women bore the brunt of the impact as inequality soared, it added
Geostrategy
GCC seeks closer ties with EU to achieve common interests
During the visit, the secretary-general of the GCC will meet a number of senior officials of the European Union.
- The secretary-general expressed his aspiration for this visit to contribute to strengthening Gulf-European relations
- The two sides will also discuss the importance of strengthening and developing economic and investment relations
Videos
Passport strength: Where do Arab countries stand?
The Henley Passport Index ranks 199 passports, based on how many countries and territories their holders can travel to without...
- Japan and Singapore tied for first place of the best international passports
- Germany and South Korea came in second place: Their residents can visit 190 countries without a visa
Economy
IRENA sees rapid growth of hydrogen economy
The development may bring significant geo-economic and geopolitical shifts in the energy market, which is currently valued at $174 billion.
- IRENA estimates hydrogen to cover up to 12 percent of global energy use by 2050
- This is due to the climate urgency and countries’ commitments to net-zero emissions
Geostrategy
Iran, Syria to establish joint free zone, joint bank
Qasemi, who headed a high-ranking delegation to Syria, met with senior officials from Syria.
- The decisions for the establishment of the mentioned entities were made during a three-day visit of the Iranian minister to Syria
- Iranian Transport and Urban Development Minister Rostam Qasemi announced a joint committee is set to be formed between Iran and Syria
Economy
Climate change worsening toll on outdoor workers: Study
Researchers in the United States, who estimated the current cost at $2.1 trillion every year, said the effects of stifling...
- The researchers looked at data on humid heat — particularly dangerous because the body is less able to cool down by sweating
- The study, published in the journal Environmental Research Letters, said around 677 billion work hours are lost a year to humid heat
Saudi Arabia sends $250m to bolster Yemeni government
Saudi Arabia said it had disbursed $250 million in aid to the internationally-recognized government in Yemen. The money follows an...
Geostrategy
Company News
Latest News
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...
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...
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...
Geostrategy
Most Read
Arts & Culture
Spanish footballer Veiga to play for Saudi club Al Ahli
Gabri Veiga, one of Spain's most promising young players, signed for Saudi Arabian side Al-Ahli from Celta Vigo in a...
- Neither Celta nor Al-Ahli disclosed Veiga's transfer fee but reports said it was around 35 million euros ($38 million).
- Veiga was linked to several top European clubs this summer after impressing last season with Celta Vigo.
Economy
US Federal Reserve prepared to raise interest rates further
The US Federal Reserve is prepared to raise interest rates higher - and hold them there - to bring down...
- After 11 rate hikes in less than 18 months, the US benchmark lending rate now sits at a range between 5.25 and 5.5 percent - its highest level for 22 years.
- The rapid cycle of interest rate increases has failed to definitively quash inflation, which remains stuck above the Fed's long-term target of two percent.
Arts & Culture
Liverpool manager dismisses suggestions Salah could leave for Saudi club
LIVERPOOL, UK - Liverpool manager dismissed suggestions on Friday that Mohamed Salah could become the latest star name to depart European...
- Salah signed a three-year contract extension at Anfield just over 12 months ago.
- Al-Ittihad are trying to lure the Egyptian to the Gulf state with a huge salary offer.