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...
Geostrategy
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
Geostrategy
West blocked Russian assets worth $280bn, says US treasury
Washington, US - The REPO (Russian Elites, Proxies and Oligarchs) task force, set up to search and freeze Russia-related assets, estimates the...
- “The total value of assets is estimated at around $280 billion, the majority of which is held in the European Union,” the US Department of the Treasury said.
- Reportedly, the task force has completed its “initial effort to map and account for Russian sovereign assets that are immobilized and held in REPO member jurisdictions".
Geostrategy
Saudi Nazaha, Interpol discuss ways to enhance cooperation
LYON, FRANCE - President of Saudi Arabia’s Oversight and Anti-Corruption Authority ‘Nazaha’ Mazin bin Ibrahim Al-Kahmous on Friday visited the...
- The two sides discussed cooperation between Nazaha and Interpol in the field of combating corruption and cross-border crimes.
- The discussions touched on recovering funds and assets related to corruption and pursuing fugitives in such cases.
Arts & Culture
Saudi clubs spent $875.4m on new players from June 1- Sept 1, says FIFA
Spending by Saudi Arabian football clubs in the transfer window just closed was second only to that by teams in...
- Much of the Saudi Pro League's business was done with English Premier League clubs, which received $698 million in overseas transfer fees.
- The Pro League's net spend, deducting money received from selling players, was $907 million, placing it behind Premier League's net spend of $1.39 billion.
Arts & Culture
WTA Finals to be held in Mexico, says sports body
NEW YORK, US - Cancun will host the WTA Finals October 29-November 5, the WTA announced on Thursday. The Mexican resort...
- The prestigious year-end finale features the top eight singles players and doubles players in the WTA's Race to the WTA Finals.
- The tournament returns to Mexico for the second time in three years, after Guadalajara hosted in 2021.
Geostrategy
Saudi crown prince says ready for economic partnership with BRICS
DUBAI, UAE – Saudi Arabian Crown Prince Mohammed bin Salman in a telephonic conversation with Russian President Vladimir Putin has...
- The Russian president and the Saudi crown prince discussed the outlook for BRICS expansion.
- The two leaders reviewed cooperation between the two countries within the OPEC+ agreement framework.
Geostrategy
2023 likely to be hottest year in human history, says EU climate monitor
"2023 is the year that climate records were not just broken but smashed," said Mark Maslin, a professor of climatology...
- The average global temperature in June, July and August was 16.77 degrees Celsius (62.19 degrees Fahrenheit), surpassing the previous 2019 record of 16.48C.
- "The three months that we've just had are the warmest in approximately 120,000 years, so effectively human history," C3S deputy director Samantha Burgess told AFP
Geostrategy
World inches step closer towards plastic pollution deal: UN
Some 175 nations are working to reach a landmark agreement by end-2024 that will curb plastic pollution, which ends up...
- Global plastic production has more than doubled since the start of the century to reach 460 million tons and could triple by 2060 if nothing is done. Only 9% is currently recycled.
- The draft deal, published by the Intergovernmental Negotiating Committee, will form the basis of fresh talks in the Kenyan capital, Nairobi, on November 13-19.
Business
Global space economy is worth billions, say experts
ABU DHABI, UAE - The global space economy has great potential in terms of economic prospects, with the sector going...
- Several studies by specialised global institutions indicate that the global space sector will be worth over US$1 trillion in the next few years.
- The space economy grew 8 percent in 2022, with its value totalling US$546 billion, and is projected to grow by 41 percent in the next five years.
Science
AlNeyadi conducts over 200 research experiments on board ISS
ABU DHABI, UAE - Over the course of a six-month space mission on board the International Space Station (ISS), UAE...
- These research experiments were held in collaboration with 10 international space agencies and 25 esteemed UAE and global universities.
- The experiments covered a range of topics including the cardiovascular system, back pain, protein crystallisation growth, epigenetics, immune system,
Business
Tech’s carbon footprint: can AI revolutionize responsibly?
The planet's 8,000 or so data centers are the foundation of our online existence, and will grow ever further with...
- In 2019, researchers trained several large language models, and found that training a single AI model can emit the CO2 emission equivalent of five cars over their lifetimes.
- Between 2010 and 2018, global data center energy use rose by only 6 percent, despite a 550 percent increase in workloads and computing instances, according to the IEA.
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...
Geostrategy
Company News
Latest News
Dutch court upholds $50bn payment award in Yukos case
THE HAGUE, NETHERLANDS - A Dutch court quashed an appeal by Russia in a record $50-billion case on Tuesday, paving the...
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...
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...
Geostrategy
Most Read
Business
KEZAD Group, Al Ghurair Group’s APT ink lease pact to set up manufacturing facility
ABU DHABI, UAE – Khalifa Economic Zones Abu Dhabi (KEZAD Group) and Al Ghurair Group subsidiary Automotive Precision Technology (APT)...
- The 30,000 square meters advanced manufacturing facility for APT in KEZAD will be located adjacent to Emirates Global Aluminum.
- The facility will be one of the largest manufacturers of aluminum in the world and will be operational by early 2025.
Business
Passenger traffic could exceed earlier figures, says Dubai Airports’ CEO
DUBAI, UAE – The airport here has "every chance" of breaking its record for passenger traffic this year after surpassing pre-pandemic...
- Dubai International, the world's busiest airport for international passengers for nearly a decade, hit 87 million visits in 2023.
- Dubai Airports' official forecast for 2024 stands at 88.8 million passengers, despite the Israel- Hamas war which began in October.
Geostrategy
West Bank situation an obstacle between Israel-Palestine peace, says EU
EU foreign policy chief Josep Borrell said the situation in the Israel-occupied West Bank posed a major obstacle to finding...
- Around 490,000 Israelis live in the West Bank, which Israel has occupied since 1967, in dozens of settlements that are deemed illegal under international law.
- The settlers live alongside around three million Palestinians in the territory.