Dutch court upholds $50bn payment award in Yukos case
THE HAGUE, NETHERLANDS - A Dutch court quashed an appeal by Russia in a record $50-billion case on Tuesday, paving the...
Geostrategy
Passenger traffic could exceed earlier figures, says Dubai Airports’ CEO
DUBAI, UAE – The airport here has "every chance" of breaking its record for passenger traffic this year after surpassing pre-pandemic...
Business
Geostrategy
IMF extends Covid emergency funding by 18 months
The emergency funding was set up to help nations that have been severely impacted by the Covid-19 pandemic.
- The IMF in April 2020 eased access to such aid, including raising the level of funding that countries could obtain
- The programs have already been extended twice, in September 2020 and again in March this year
Arts & Culture
AfCon to be held as planned despite Omicron surge
The Confederation of African Football President Patrice Motsepe has confirmed that AFCON 2021 will go ahead as planned in January...
- The AFCON will take place in Cameroon starting from January 9 to February 6, 2022 despite deadly surge of the Omicron virus
- Nobody would be allowed to set foot in the stadiums without a negative PCR test
Arts & Culture
Beyonce, Jay-Z, Grande, and Billie Eilish shortlisted for Oscar
Iran's Asghar Farhad is among a select group of auteurs to have won multiple foreign film Oscars previously again makes...
- Iran's Asghar Farhad is among a select group of auteurs to have won multiple foreign film Oscars previously again makes the cut with morality drama "A Hero."
- The final list of Oscar nominations will be revealed on February 8, and the awards will be handed out on March 27
Geostrategy
US top official confers with Israel, Iran on nuclear deal
Israeli Prime Minister Naftali Bennett's government has called for a halt to international efforts to revive the Iran nuclear deal....
- Negotiations to restore the pact known as the Joint Collective Plan of Action resumed in November
- Washington was a party to the original agreement, but withdrew under president Donald Trump in 2018
Geostrategy
Natural gas prices hit fresh record peaks on strong winter demand
European and UK gas prices rocketed Tuesday to all-time highs on strong winter demand and simmering geopolitical tensions between key...
- European and UK markets beat previous records from October. They are currently about eight times greater than at the start of 2021.
- Runaway spot gas prices, alongside other buoyant commodities including crude oil, have fueled mounting concern about spiking inflation worldwide.
Geostrategy
Israel to ban travel to US over Omicron spread
Lawmakers from Israel also approved the health ministry recommendation to bar Israelis from travel to France, Ireland, Norway, Spain, Finland,...
- Israel will impose restrictions on traveling to US as Covid-19 curbs widen
- Foreigners coming to Israel from red-list nations are prohibited to enter until they get special permission
Business
Here’s why FIFA wants a biennial World Cup
A controversial proposal of staging the FIFA World Cup championship every two years rather than the current four-year cycle is...
- FIFA is to hold an online global summit to discuss the feasibility of biennial world cups
- An association of 54 of FIFA's 211 members, the Confederation of African Football' supports the idea
Geostrategy
UN Secretary-General on state visit to Lebanon
The reports said that he will pay tribute to the victims of the Beirut Port blast, and also undertake field...
- UN Secretary-General will meet with Government officials including President Michel Aoun, Speaker Nabih Berri, and Prime Minister Najib Mikati
- Antonio Guterres will travel to southern Lebanon to visit the UN Interim Force in Lebanon and tour parts of the Blue Line
Geostrategy
UN chief says cross-border aid to Syria rebel bastion vital
The cross-border mechanism has been operating since 2020 through Bab al-Hawa, after the Russian-imposed removal in 2019 of three other...
- Cross-border assistance remains life saving for millions of people in need in north-west Syria, UNO Secretary General Antonio Guterres said.
- Guterres said some 4.5 million people in Syria need help this winter, up 12 percent from the previous year due to pandemic and economic crisis.
RewirEd Summit concluded at Expo 2020 Dubai
The RewirEd Summit sponsored by Etihad Airways and Hettich in Expo 2020 Dubai concluded yesterday with a series of major...
- The RewirEd Declaration launched by UNESCO and Dubai Cares on Connectivity for Education was the key announcement of this summit
- The UAE was praised by all the five presidents along with 45 ministers in the summit for delivering quality education
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Dutch court upholds $50bn payment award in Yukos case
THE HAGUE, NETHERLANDS - A Dutch court quashed an appeal by Russia in a record $50-billion case on Tuesday, paving the...
Geostrategy
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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