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BP announces $7bn gas project

The project aims to unlock 3 trillion cu ft of gas resources in Indonesia.

Lulu Retail Q3 profit $35m

For the nine-month period, net profit increased by 73.3%.

Talabat IPO offer price range announced

The subscription will close on 27 Nov for UAE retail investors.

Salik 9M net profit $223m

The company's third-quarter profit increased by 8.8 percent.

Avia to buy 40 Boeing aircraft

The transaction for the purchase of 737 MAX 8 jets valued at $4.9bn.

IMF, UAE, other countries meet on anti-money laundering, counter terrorism financing

ABU DHABI, UAE - International Monetary Fund (IMF), in collaboration with the UAE Executive Office of Anti-Money Laundering and Counter...
  • Participants from 15 countries and organizations took part in the meeting.
  • They agreed on strong collaboration among AML/CFT supervisory agencies.

Mahsa Amini’s family blocked from leaving Iran for EU rights prize

PARIS, FRANCE - The family of Mahsa Amini, the Iranian Kurdish woman who died in custody, have been banned from traveling...
  • Her family's lawyer in France, Chirinne Ardakani, said that Amini's parents and brother had been prohibited from boarding a flight.
  • She said the family had been banned from leaving Iran despite having a valid visa, and their passports had been confiscated.

Arab world to be center for global change in 2024, says Russian intelligence chief

MOSCOW, RUSSIA - The chief of Russia’s foreign intelligence service, or SVR, believes the Arab world will take center stage...
  • The Russian official said that the change has manifested itself in strong, sovereign leaders coming to power in a number of Arab countries.
  • The rapid growth of anti-US and, more broadly, anti-Western sentiment in the region is one of the outcomes of this change, he said.

Fighting rages in Gaza as war enters third month

Heavy urban combat raged in and around Gaza's biggest cities as the bloodiest-ever war between Israel and Hamas entered its...
  • Israeli forces have encircled major urban centres as they seek to destroy Hamas over its unprecedented attack in October.
  • Backed by air power, tanks and armored bulldozers, Israeli troops were fighting Thursday in Khan Yunis, the biggest city in southern Gaza.

99 percent of world live in areas with air pollution levels above WHO guideline limits

DUBAI, UAE - According to World Health Organization data, 99 percent of the world’s population lives in places where air...
  • Leading businesses recognize that they have an important role in reducing air pollution alongside greenhouse gas emissions.
  • Business activity contributes significantly to air pollution globally but air pollution is not prioritized nor integrated into climate action.

Russian oil price cap partially successful

LONDON, UK - A Western price cap imposed a year ago on Russia's oil has had limited success with Moscow increasingly...
  • The cap was jointly imposed on December 5, 2022 by the European Union, Australia and the Group of Seven rich countries.
  • Initially successful, it lost its impact once President Vladimir Putin's Russia found new buyers for its oil and new tankers to deliver it.

Asian countries score high in keenly watched PISA education survey

Paris, France - Asian countries dominated the top spots in a keenly watched survey of education capabilities published Tuesday, while levels...
  • Singapore took top ranking in the latest assessment, which was carried out in 2022 and involved 690,000 students in 81 participating countries and economies
  • Five other Asian education systems -- in Macao, Taiwan, Hong Kong, Japan and South Korea -- came next in mathematics, and also scored near the top in reading and science

We respect climate science, says COP28 head

DUBAI, UAE - The Emirati president of the UN's COP28 talks said on Monday he respects climate science, after a leaked...
  • Sultan Al Jaber also repeated his past statements that a phase out of fossil fuels was "inevitable".
  • He acknowledged that global greenhouse gas emissions must be cut by 43 percent by 2030.

MENA region can create 10m jobs by 2050 via climate action, says ILO

DUBAI, UAE - International Labor Organization (ILO) Deputy Regional Director for the Arab States Peter Rademaker has confirmed that the...
  • The trend towards renewable energy has helped to create 13.7 million jobs in the sector worldwide.
  • The ILO is participating in COP28 to ensure that climate change efforts include to monitor the impact on jobs.

50 oil and gas companies pledge to cut operational emission in COP28 meet

DUBAI, UAE - Fifty oil and gas companies representing 40 percent of global production pledged to decarbonize their operations by 2050...
  • The charter is part of a set of initiatives designed to accelerate the decarbonization of the global energy industry.
  • They are voluntary commitments unlike the decisions of COP28, which are taken by consensus between nearly 200 countries.

Turkey says Erdogan to meet Joe Biden at White House on May 9

Istanbul, Turkey - Turkish President Recep Tayyip Erdogan will meet with US counterpart Joe Biden at the White House on May...

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Scientists launch hub to channel quantum power for good

GENEVA, SWITZERLAND – Scientists will work to channel the huge emerging power of quantum computers for the common good at a...

European Union slaps $1.9bn fine on Apple over violation of rules

Brussels, Belgium - The EU on Monday hit Apple with a more than 1.8-billion-euro fine ($1.9 billion) for violating the bloc's...

Western countries shelve plans to censure Iran at UN nuclear meet

Western powers will not censure Iran over its lack of cooperation with the UN nuclear watchdog at its Board of...

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Dubai International Boat Show helps in marine business

DUBAI, UAE – Dubai International Boat Show has wrapped up following a hugely successful week of high-value boat sales, important...
  • The exhibition is recognized as one of the most influential boat shows in the world.
  • The exhibition has wrapped up following a hugely successful week of boat sales.

US military begins dropping aid into war-torn Gaza

Israel's top ally the United States said it began air-dropping aid into war-ravaged Gaza, as the Hamas-ruled territory's health ministry...
  • It also comes as negotiations continue for a ceasefire between Israel and Hamas in the Gaza Strip.
  • US Central Command said the operation was conducted together with Jordan and saw planes drop “over 38,000 meals along the coastline of Gaza.”

Hamas team heads to Cairo for new truce talks

Palestinian Territories - A Hamas delegation was expected to fly to Cairo on Saturday for talks on a truce in...
  • The source said the delegation would submit Hamas's "official answer" to a proposal thrashed out with Israeli negotiators in Paris late last month.
  • A Hamas source told AFP that under the proposal, a truce would last for six weeks, with Hamas releasing 42 hostages in exchange for Palestinian prisoners.