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Aramco signs $11bn deal

The deal involves its Jafurah gas facilities.

TAQA H1 net income $1bn

The group's revenue reached $7.73 billion.

ADNOC L&S H1 net profit $420m

The company’s revenue reached $2.43bn

SEC H1 net profit $1.67bn

Revenue grew by 24% to $7.38 billion.

DEWA profit after tax $789m

It will pay $843m in H1 dividend.

$10 trn of ‘hidden costs’ on food and agriculture system per year, says UN

Paris, France - The food and agriculture system adds at least $10 trillion in "hidden costs" to the global economy every...
  • The Food and Agriculture Organization said it conducted an analysis in 154 countries to determine the "true" cost of the agrifood system.
  • The global quantified hidden costs totaled around $12.7 trillion in 2020, representing almost 10 percent of the global gross domestic product.

Russia calls for collective action to end fighting between Israel, Hamas

Russia called for "collective action" to end fighting between Israel and Hamas, including an international conference, almost a month into...
  • Russia maintains ties with both Hamas and Israel and has said it can mediate the conflict.
  • Russia supports calls for collective action to de-escalate the situation in the Middle East and that it was in favour of a “multilateral approach” in regulating the conflict.

Arab ministers meet in Jordan, seek resolution to Gaza conflict

AMMAN, JORDAN  – Foreign ministers from key Arab nations – including Saudi Arabia, the United Arab Emirates, Egypt, Qatar, and...
  • The summit with Arab diplomats reinforced their collective call for an end to the aggression against Gaza.
  • It emphasized the international community's role in stopping military operations and the bloodshed of civilians.

AI to contribute in enhancing low-emissions development

BONN, GERMANY - Artificial intelligence (AI) can make substantial contributions to climate-resilient and low-emissions development.UN Climate Change’s Initiative on Artificial...
  • UN Climate Change’s Initiative on Artificial Intelligence for Climate Action explores the role of AI as a tool for climate action in developing countries.
  • It aims to deliver results both on policy and implementation, under the first joint work program of UN Climate Change’s Technology Mechanism.

Global energy meet discusses way forward to net-zero emissions

VIENNA, AUSTRIA – High-level representatives from the member states of the United Nations Industrial Development Organization (UNIDO), international organizations, experts...
  • The two-day forum showcased innovative technologies and transformative solutions to accelerate low-emission, climate-resilient development.
  • The international event aimed to foster new partnerships to scale up investments and technology transfer to developing countries.

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.

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.

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

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.

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.

Pulitzer Prizes honor coverage of war in Gaza

New York, United States - The war in Gaza featured prominently in Monday's Pulitzer Prizes, which included a special citation for...

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UN agency exhorts Israel to allow port for Gaza aid transfer

Rome, Italy - The UN's food agency on Thursday said it was pressing Israel to allow it to use the Ashdod...

Hamas expresses dissatisfaction over Israel’s stance on Gaza truce

A senior Hamas official confirmed that the group's delegation in talks seeking a Gaza truce left Cairo for consultations in...

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...

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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...
  • The issues include expanding its nuclear work, deactivating agency surveillance devices for monitoring Iran's nuclear program and barring senior inspectors.
  • The so-called E3 group -- France, Germany and the United Kingdom -- initially planned to censure Iran for its lack of cooperation with the agency.

UNRWA head seeks General Assembly support after backlash

The head of the UNRWA is set to defend his organization's work at the General Assembly, after crippling backlash over...
  • The UNRWA's ability to carry out its mandate is "seriously threatened," Lazzarini said.
  • The agency has been at the center of controversy since Israel accused about a dozen of its employees of involvement in the October 7 attack.

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.