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...
Geostrategy
US defense chief tells Israeli counterpart that Gaza toll is ‘too high’
US Defense Secretary Lloyd Austin told his Israeli counterpart Yoav Gallant that civilian casualties in Gaza are "too high". A...
Geostrategy
Geostrategy
UN rights body head criticizes rising hate sparked by Israel-Hamas war
The UN human rights chief said that he was absolutely "disgusted" by the "sharp rise in hatred globally" since the...
- "The impact of this crisis... has sent shockwaves across every region, dehumanising both Palestinians and Jews," the UN rights chief said.
- The world has witnessed a sharp spike in hate speech, violence and discrimination, deepening social fractures and polarization, he said.
Geostrategy
195 die in Israel strikes on Gaza camp, hundreds wounded
The Hamas government in Gaza said that 195 people had been killed in Israeli strikes this week on Jabalia refugee...
- Ambulances were set to rush several dozen patients to Egyptian hospitals, and about 400 foreigners or dual nationals were expected to escape.
- Egypt said that eventually it hoped to help evacuate 7,000 foreigners from over 60 countries from the densely crowded territory of 2.4 million people.
Business
Drought forces Panama Canal operator to cut ship traffic
Panama City, Panama - The operator of the Panama Canal, the passageway for cargo ships between the Atlantic and Pacific oceans,...
- Traffic will be reduced to 25 ships a day from Friday, down from 29, and will drop to 18 ships a day by February, the Panama Canal Authority said
- The 50-mile (80-kilometer) long waterway provides direct access between the Atlantic and Pacific oceans, bypassing the South American continent
Geostrategy
Nordic countries announce deal to strengthen repatriation of refugees
COPENHAGEN, DENMARK - Nordic migration and justice ministers on Tuesday announced a deal to strengthen efforts for migrants to return to...
- Denmark has spearheaded harder lines on migrants in the Nordics and stepped up initiatives to discourage immigration.
- The first of the three initiatives was to increase collaboration between migration attaches responsible for deportation in the Nordic countries.
Business
NMDC, AD Ports Group ink MoU
The firms will continue to work closely on future global projects.
- The agreement is in line with the objectives of UAE’s national strategy for industry and advanced technology.
- The MoU will help the two firms to work together to strengthen the global maritime industry and support the economic growth of the UAE.
Geostrategy
COP28 wide open to private sector, says climate talks chief
ABU DHABI, UAE - Upcoming UN climate talks in Dubai will be open to the private sector on an unprecedented scale,...
- Sultan Al Jaber, the COP28 president has consistently tried to frame the climate crisis as an economic opportunity.
- He said about 70 ministers and 100 delegations are attending the two-day talks, more than double the usual number.
Economy
Federal Reserve likely to pause interest rate hikes
The Federal Reserve will likely announce it is holding interest rates at a 22-year high on Wednesday, as it looks...
- Interest rate hikes slow down inflation by raising the cost of borrowing from the bank, which dampens economic activity and weakens the labor market.
- Since peaking at more than seven percent in June last year, inflation as measured by the Fed's favored yardstick has fallen by more than half.
Geostrategy
Iran, Russia to invest $38bn in developing INSTC
TEHRAN, IRAN – The Iranian head of Solyanka Port in Russia said that the International North-South Transport Corridor (INSTC) is a...
- The Iranian head of Solyanka Port spoke of the measures taken by the Islamic Republic of Iran Shipping Line (IRISL ) to develop the INSTC route.
- The IRISL group purchased 30 rail wagons, 5,400 containers and ordered the construction of 21 equipped vessels for strengthening maritime routes.
Geostrategy
Saudi Arabia selected as member of UN’s AI Advisory Body
New York, United States-- United Nations Secretary-General António Guterres Friday announced the selection of Saudi Arabia to the UN Advisory...
- UN Advisory Body on Artificial Intelligence (AI) consists of 39 members representing government and private and civil-society organizations.
- Shura Council member Dr. Latifa bint Mohammad Al-Abdulkareem will represent the Kingdom at the UN AI Advisory Body.
Geostrategy
India shocked at Qatar death penalty for 8 ex-naval officers
NEW DELHI, INDIA - India said on Thursday that eight of its citizens had been sentenced to death by Qatar in...
- India said it would "take up the verdict with Qatari authorities" and would continue to "extend all consular and legal assistance" to the prisoners.
- “We have initial information that the Court of First Instance of Qatar has today passed a judgement in the case,” India’s foreign ministry said in a statement.
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...
Geostrategy
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Hamas says Israeli military action kills 7 hostages in Gaza
Hamas said that seven more hostages seized during its unprecedented attack on southern Israel on October 7 had died because...
Geostrategy
Energy-related global CO2 emissions hit record levels in 2023, says IEA
PARIS, FRANCE – Energy-related carbon dioxide emissions rose to a record level in 2023, but the growth slowed from previous years...
Science
World resource extraction could surge 60 percent by 2060, UN warns
Paris, France - Extraction of Earth's natural resources could surge 60 percent by 2060, imperiling climate goals and economic prosperity, the...
Economy
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Geostrategy
WTO ministers struggle to forge deals as talks go into overtime
ABU DHABI, UAE – World trade ministers were locked in disagreement Thursday on fisheries subsidies, agriculture and digital customs duties as...
- The meeting opened with disagreements between the body's 164 member states on key issues that dominated the agenda of the talks.
- They include fisheries subsidies, agriculture and a moratorium on customs duties for digital transactions.
Geostrategy
Iran launches imaging satellite Pars 1 from Russia
Iran announced the launch of a remote sensing and imaging satellite into orbit from Russia, according to state media. The...
- Iran’s Telecommunications minister said "Pars-I" was "fully domestically developed" in his country.
- In August 2022, Russia launched Iran's remote-sensing Khayyam satellite into orbit from Kazakhstan.
Geostrategy
Zelenskyy in Saudi Arabia to discuss war; meets Mohammed bin Salman
RIYADH, SAUDI ARABIA - President of Ukraine Volodymyr Zelenskyy and his accompanying delegation arrived here on Tuesday.The Ukrainian President was...
- At the Royal Terminal in King Khalid International Airport, Zelenskyy was received by the Deputy Governor of Riyadh Region and other senior officials.
- The 10th Saudi relief plane operated by King Salman Humanitarian Aid and Relief Center (KSrelief) reached a Polish airport, close to the Ukrainian border.