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...
Economy
Putin vows retribution on Moscow concert hall attacks, as toll rises
Russian President Vladimir Putin vowed to punish those behind a "barbaric terrorist attack" on a Moscow concert hall that killed...
Geostrategy
Geostrategy
1bn tons of food wasted every year while 783m people face hunger: FAO
Rome, Italy - The UN Food and Agriculture Organization (FAO) and the UN Environment Program (UNEP) said one billion tons...
- The agencies said that stopping food loss and waste boosts food security, saves resources and helps reduce our carbon footprint.
- Both the bodies called for urgent action from the public and private sector as well as consumers to save and preserve food
Science
Politicians fail to understand scientific facts of climate, says expert
PARIS, FRANCE - Wavering ambition by governments and a growing belief that science is politically subjective are great causes for concern...
- Several extreme weather events have occurred in 2023, which the European Union's climate monitor says is likely to be the hottest in human history.
- These underscores the urgency of slashing planet-heating greenhouse gas emissions to avert the catastrophic impacts of greater global warming.
Geostrategy
Israel sells Arrow 3 missile defense system to Germany for US$3.5bn
TEL AVIV, ISRAEL - Israel's US$3.5-billion sale of its Arrow 3 missile defense system to Germany, sparked by security fears after...
- Israeli arms exports reached a new record of $12.5 billion dollars last year, double the amount from three years earlier, says its defense ministry.
- Israel, together with its top ally the United States, has developed hi-tech systems designed to knock incoming rockets and missiles out of the sky.
Geostrategy
Top army officials from 30 nations review threats in Asia-Pacific
New Delhi, India - Army chiefs and senior officers from 30 countries including the United States met in India on Tuesday...
- US Army chief Randy George said the region was "critically important", speaking to reporters alongside his Indian counterpart Manoj Pande.
- Generals from Japan and Australia, which make up the "Quad" defense cooperation forum alongside Washington and New Delhi, also took part.
Science
Antarctic sea ice hits lowest winter maximum on record, says data
WASHINGTON, US - The sea ice around Antarctica likely had a record low surface area when it was at its maximum...
- The ice pack typically reaches its largest size during the colder winter months, so the September 10 reading will likely remain this year's maximum.
- At its high-point this year, the sea ice was 1.03 million square kilometers smaller than the previous record.
Business
Rising demand for critical metals pose dilemmas for investors
PARIS, FRANCE - Soaring demand for the raw materials needed for the transition towards renewable energy is creating dilemmas for investors...
- Demand for lithium, an essential component of car batteries, could increase ninefold between 2022 and 2050, said the International Energy Agency.
- Lithium and other metals that the IEA calls “key to the clean energy transition” will be the topic of a summit hosted by the global energy watchdog in Paris.
Business
IsDBI, BIBF join hands to enhance global Islamic finance expertise
MANAMA, BAHRAIN - The Bahrain Institute of Banking and Finance (BIBF) and the Islamic Development Bank Institute (IsDBI) have decided...
- The programs cater to professionals from financial institutions, regulatory bodies, supervisory authorities and legal experts.
- This partnership between IsDBI, BIBF focuses on elevating the industry, forging international connections, and nurturing talent on a global scale.
Geostrategy
UAE minister calls for climate action by promoting nature-based solutions
NEW YORK, US – UAE Minister of Climate Change and the Environment Mariam bint Mohammed Almheiri called upon the global...
- The minister made the comments during high-level meetings on the sidelines of the 78th United Nations General Assembly in New York.
- Mariam Almheiri, who is also the COP28 Food Systems Lead, highlighted the prominence placed by the UAE on food and agriculture in COP28 agenda.
Geostrategy
Israel congratulates Saudi Arabia on national day
JERUSALEM - Israel offered its congratulations to Saudi Arabia on the kingdom's national day on Saturday as the two countries...
- "We send our sincere congratulations to the king, government and people of Saudi Arabia on the occasion of the 93rd national day," the Israeli foreign ministry said.
- "May Allah bring you goodness and blessings, security and prosperity with our wishes for an atmosphere of peace, cooperation and good neighborliness," it added in the statement.
Geostrategy
Israeli, Lebanese clash with tear gas on Golan border
JERUSALEM - Israeli and Lebanese troops exchanged tear gas fire on Saturday on a disputed and highly militarised section of...
- The Israeli army said its troops used "riot dispersal means" to turn around a Lebanese earthmover that had strayed into Israeli-held territory.
- The Lebanese army said it was the Israeli "enemy" which had violated the demarcation line and fired smoke bombs at its troops escorting the bulldozer.
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...
Economy
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UAE to provide US$10m grant to support WTO initiatives, says foreign minister
ABU DHABI, UAE – Emirates Minister of Foreign Affairs Sheikh Abdullah bin Zayed Al Nahyan has announced that the UAE...
Geostrategy
American spaceship lands on moon, images expected soon
The first American spaceship on the Moon since Apollo is "alive and well" following a drama-packed touchdown, the firm that...
Science
Stock markets diverge before Nvidia results, Federal Reserve minutes
Stock markets diverged as traders awaited earnings from US tech darling Nvidia, in addition to minutes from the Federal Reserve...
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Geostrategy
WHO registers eighty percent rise in measles case
Geneva, Switzerland - The World Health Organization voiced alarm on Tuesday at the rapid spread of measles, with more than 306,000...
- At least 95 percent of children need to be fully vaccinated against the disease in a locality to prevent outbreaks, but global vaccination rates have slipped to 83 percent.
- WHO official Crowcroft pointed out that 92 percent of all children who die from measles live among less than a quarter of the global population, mainly in very low-income countries
Geostrategy
Global operation smashes ‘most harmful cyber crime group’
LONDON, UK - An international operation led by UK and US law enforcement has severely disrupted "the world's most harmful cybercrime...
- LockBit and its affiliates have targeted governments, major companies, schools and hospitals, causing billions of dollars of damage.
- LockBit's website -- selling services that allow people to organize cyber attacks and hold data until a ransom is paid appears -- was taken over.
Business
Iran-EU trade surpasses US$5bn in 2023, says Eurostat
TEHRAN, IRAN - The Statistical Office of the European Union (Eurostat) reported that Iran and the 27 European Union member...
- Trade between Iran and member states of the EU recorded a decrease of 9 percent from January to December 2023.
- During that period, the exchange of products between Iran and the EU member states was valued at US$5 billion.