Tech Mahindra’s Ram Ramachandran: MEA, India key to shaping future in multipolar world
Davos, Switzerland -- The Middle East, Africa, and India have an important role and influence in shaping the evolving world order...
World Economic Forum
Diplomats say at least 550 pilgrims died during hajj, mostly Egyptians
"All of them (the Egyptians) died because of heat" except for one who sustained fatal injuries during a minor crowd...
Business
Liberty Media buy MotoGP
Formula One owners paid US$4.5 billion for the deal.
- The acquisition is expected to be completed by the end of 2024 subject to clearances and approvals.
- MotoGP said Liberty Media would acquire "approximately 86 percent" stake from Spain-based owners Dorna.
Economy
Debt, trade barriers drag Asian economies in 2024, says World Bank report   Â
BANGKOK, THAILAND – Asian economies are not doing as well as they could and growth in the region is forecast...
- Asian economies are not doing as well as they could and growth in the region is forecast to slow to 4.5 percent this year from 5.1 percent in 2023.
- A key risk is that the US Federal Reserve and other major central banks might keep interest rates higher than before the pandemic.
Geostrategy
Gaza children fly kites to escape horrors of war
RAFAH, PALESTINIAN TERRITORIES – Meters away from the concrete and steel fence separating the Gaza Strip from Egypt, 11-year-old Malak Ayad flies a...
- Despite the war and the fear that grips her, Malak seems to be happy to fly her kite and dreams of life as it was before the war broke out on October 7.
- "My kite flies to Egypt everyday while we are here trapped in Gaza," said Malak, who wears a bracelet featuring the Palestinian flag.
Business
Global football stars choose Red Sea destination for holiday
TABUK, SAUDI ARABIA – A few days ago, the Red Sea destination hosted several international football stars from Saudi Pro...
- Among the football stars were Cristiano Ronaldo, Fabinho Tavares, Roger Ibanez and Roberto Firmino.
- They also engaged in various water sports and marine activities, making the most of their time.
Geostrategy
Death toll in Israeli strikes on Syria climbs to 52, says monitor
Beirut, Lebanon - The death toll in Israeli air strikes on Syria has risen to 52, including 38 government soldiers and...
- They targeted "a rocket depot belonging to Lebanon's Hizbollah" near the Aleppo airport in northern Syria, the war monitor said.
- Israeli strikes on targets in Syria have increased since Israel's war against the Hizbollah-allied Hamas group in the Gaza Strip broke out on October 7.
Geostrategy
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...
- The Biden administration in January approved $23 billion in F-16 warplanes for Turkey swiftly after it ratified Sweden's stalled NATO membership bib
- Some analysts additionally linked Turkey's continued delays to Erdogan's anger at Washington for its support of how Israel is pursuing its war against Hamas
Geostrategy
US census to include Middle Eastern or North African category
The next US census and federal government forms will include new options for race and ethnicity including a category for...
- "These updated standards will help create more useful, accurate and up-to-date federal data on race and ethnicity," US Chief Statistician Karin Orvis said.
- These revisions will enhance the ability to compare data across federal agencies, and to understand how federal programs serve a diverse America.
Economy
US Federal Reserve’s preferred inflation gauge ticks up as fuel costs rise
WASHINGTON, US – The US central bank's favored measure of inflation edged higher last month on the back of rising fuel...
- The personal consumption expenditures price index rose at an annual rate of 2.5 percent in February.
- Much of the February increase in the cost of goods came from energy prices, which rose 2.3 percent from January.
Geostrategy
Russia says ‘evidence’ links Ukraine to Moscow attack
MOSCOW, RUSSIA - Russia said on Thursday it had evidence the perpetrators of last week's massacre at a concert hall outside...
- Russian officials alleged the suspects had received "significant amounts of money and cryptocurrency from Ukraine".
- The officials said that said another man "involved in financing the terrorists" had been identified and detained.
Economy
Rise in remittances hikes demand for Jordanian dinar, says chamber of commerce
AMMAN, JORDAN – Rising remittances from the Kingdom’s citizens working abroad has contributed to increasing demand for Jordanian dinar.Exchange companies...
- There are positive indicators suggesting a stabilization in Jordan’s economy.
- Presently the currency exchange sector comprises 250 firms across Jordan.
Tech Mahindra’s Ram Ramachandran: MEA, India key to shaping future in multipolar world
Davos, Switzerland -- The Middle East, Africa, and India have an important role and influence in shaping the evolving world order...
World Economic Forum
Company News
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UAE ranks first in Arab world, 11th globally in Global Knowledge Index
Qatar was at the 38th place, Saudi Arabia at 40, Kuwait (48), Oman (52), and Bahrain (55) in the Global...
IMF says Omicron could slow global growth
According to the economists, Omicron's threat to economy will likely be less severe than the previous waves.
Biden, Kadhemi meeting to focus on US troop withdrawal from Iraq
The White House talks between the two allies come just a week after a deadly attack claimed by the Islamic...
Oil prices extend gains after OPEC+ talks fail, equities mixed
Brent broke above $77 for the first time since 2018 Breakdown of talks raises the possibility of $100 a barrel...
Saudi Arabia to create 40,000 jobs for its nationals
Job creation is part of Saudi strategy to help residents obtain high-quality jobs The strategy seeks to push more Saudi...
Sweden Quran burner arrested in Norway, faces deportation
OSLO, NORWAY – An Iraqi refugee in Sweden who stoked international outrage by repeatedly desecrating the Quran last year has been...
Geostrategy
Electric cars credited with lower CO2 emissions in US neighborhoods
LOS ANGELES, US – The booming use of electric vehicles in parts of California is reducing CO2 emissions in those areas,...
Business
UN rights council to consider call for Israel arms sales halt
The UN Human Rights Council on Friday is set to consider a draft resolution calling for a cessation of arms...
Geostrategy
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Business
New shipping service in Saudi Arabia launched
RIYADH, SAUDI ARABIA - The Saudi Ports Authority (Mawani) has announced the addition of the new shipping service 'NRS' by...
- The NRS shipping service will link Jeddah Islamic Port to Yanbu Commercial Port, Neom Port, Aqaba Port in Jordan, and Sokhna Port in Egypt.
- This will further establish the Kingdom's position as a global logistics hub that bridges three continents,
Business
Liberty Media buy MotoGP
Formula One owners paid US$4.5 billion for the deal.
- The acquisition is expected to be completed by the end of 2024 subject to clearances and approvals.
- MotoGP said Liberty Media would acquire "approximately 86 percent" stake from Spain-based owners Dorna.
Economy
Debt, trade barriers drag Asian economies in 2024, says World Bank report   Â
BANGKOK, THAILAND – Asian economies are not doing as well as they could and growth in the region is forecast...
- Asian economies are not doing as well as they could and growth in the region is forecast to slow to 4.5 percent this year from 5.1 percent in 2023.
- A key risk is that the US Federal Reserve and other major central banks might keep interest rates higher than before the pandemic.