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...
Economy
World’s only Dragon Ball theme park launched in Saudi Arabia’s Qiddiya City
RIYADH, SAUDI ARABIA – The Board of Directors of the Qiddiya Investment Company (QIC) revealed on Sunday the launch of...
Arts & Culture
Geostrategy
Did not hear any noise from global organizations on journalist Dugina’s death, says Russia
MOSCOW, RUSSIA - Russia still has not heard any reaction from international organizations regarding the assassination of journalist Darya Dugina...
- The diplomat recalled a series of assassination attempts and murders of Russian journalists and opinion leaders committed by the Kiev regime.
- Darya Dugina, 29, was killed on August 20 when her car was blown up on the M1 Highway in the Moscow Region’s Odintsovsky district.
Market Report
European stocks rise, China rate cut fails to ease worries
European stocks rebounded but Asian markets ended mixed after a Chinese rate cut failed to reassure investors. At midday, Paris...
- There are concerns that the US Federal Reserve could raise interest rates further and keep them elevated for longer.
- Focus turns this week to a symposium of top central bankers and business leaders at Jackson Hole, Wyoming, with dealers hoping for guidance on rates.
Arts & Culture
25 teams attending Afro-Arab Esports League 2023 in Saudi Arabia
Riyadh, Saudi Arabia -- The Afro-Arab Esports League, which opened Saturday in Saudi Arabia, will see participation from over 25...
- These teams will compete for three days in a variety of tournaments tailored for both men and women, covering popular games such as eFootball and Valorant.
- Prince Faisal bin Bandar bin Sultan said the arrangement of the Afro-Arab Esports League demonstrated of the sector's importance in both the Arab and African realms.
Geostrategy
UAE takes part in G20 joint health-finance ministers meeting
GANDHINAGAR, INDIA - Minister of State for Financial Affairs Mohamed bin Hadi Al Hussaini and Assistant Minister of Foreign Affairs...
- The meeting discussed the progress made by the Joint Finance and Health Task Force (JFHTF) this year.
- The UAE participated in the three meetings that the Task Force held this year under the G20 Finance Track.
Geostrategy
WHO launches global initiative on digital health supported by G20 Presidency
GANDHINAGAR, INDIA - The World Health Organization (WHO) and the G20 India presidency announced a new Global Initiative on Digital...
- WHO serves as the secretariat for strategy implementation to fast-track digital health system transformation.
- The new Global Initiative on Digital Health is one of the key deliverables of India’s G20 Presidency.
Geostrategy
Iran president meets diplomat freed by Belgium in prisoner swap case
TEHRAN, IRAN - Iranian President Ebrahim Raisi has met with diplomat Assadollah Assadi, recently freed by Belgium in a high-profile prisoner...
- The Iranian diplomat was sentenced in Belgium to 20 years in prison for his role in a plot to blow up an Iranian opposition event in 2018 in Paris.
- The diplomat was liberated on May 26 in an Oman-mediated exchange that saw Iran releasing Belgian aid worker Olivier Vandecasteele.
Geostrategy
Russian foreign minister to lead delegation at UN General Assembly
MOSCOW, RUSSIA - Russian President Vladimir Putin has approved the composition of the country’s delegation to the 78th session of...
- In recent years, Russia’s delegation to the UN General Assembly has been headed by Foreign Minister Sergey Lavrov.
- The 78th session of the United Nations General Assembly will begin in New York on September 19.
Economy
Economists convened by COP28 lay out steps to reform global climate finance
ABU DHABI, UAE - A two-day meeting of world leading economists and finance leaders convened by the COP28 Presidency has...
- Particular areas of focus for the new framework will include addressing debt distress in vulnerable countries.
- Group said that private finance flows need to grow much faster to meet the $2.4 trillion investment estimated nnually.
Geostrategy
Russian defense officials meet Saudi Arabian, Iranian counterparts
MOSCOW, RUSSIA - The 11th Moscow Conference on International Security, held at the Patriot Congress and Exhibition Center here, saw...
- The conference saw participation from over 800 delegates from 76 countries, including China, India, South Africa, Israel, Turkey, Mexico, the UAE, Saudi Arabia.
- Representatives from eight international organizations, including the UN, CSTO, SCO, ASEAN, Arab League, and the African Union took part in the conference.
Geostrategy
Russia open to defense cooperation with several countries, says Putin
Moscow is open to equal defense cooperation with all nations seeking to protect their interests, Russian President Vladimir Putin said...
- The Russian leader stressed that the forum had earned recognition as one of the world’s largest exhibitions of advanced military equipment.
- Putin said the event makes a significant contribution to the development of Russia’s multifaceted ties with other countries.
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...
Economy
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Saudi Arabia’s Madinah, KAEC, Al-Ahsa join UNESCO global network of learning cities
RIYADH, SAUDI ARABIA - The United Nations Educational, Scientific and Cultural Organization has announced that the cities of Madinah, King...
Geostrategy
Energy transition led Saudi Arabia to halt oil expansion, says official
RIYADH, SAUDI ARABIA – The Kingdom's surprise decision to halt a planned expansion of its oil production capacity reflects ambitions to...
Business
Red Sea issue puts Yemen peace process on hold
DUBAI, UAE- As Houthi attacks roil the Red Sea and Western air raids target the rebels, moves to end Yemen's long-running...
Geostrategy
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Geostrategy
Saudi Arabia sends $250m to bolster Yemeni government
Saudi Arabia said it had disbursed $250 million in aid to the internationally-recognized government in Yemen. The money follows an...
- The Yemeni government relocated to Aden, a port city on the southern coast, after the Iran-backed Houthis seized the capital Sanaa in 2014.
- In 2015 Saudi Arabia mobilized an international coalition intended to oust the Houthis.
Arts & Culture
US teens make efforts for Jewish-Muslim dialogue in New Jersey suburb
TEANECK, US - They are only teenagers, but a pair of New Jersey high school students -- one Jewish and one...
- The unexpected success of that first meeting led to a second, larger one, and the girls since have enjoyed support.
- Despite the strong turnout, the girls were not overly optimistic about the outcome of the meeting.
Geostrategy
Hamas, Saudi warn of calamity if Israeli troops attack Rafah
Prime Minister Benjamin Netanyahu this week said he had ordered troops to prepare to go in to the city, crowded...
- Hamas said any military action would have catastrophic repercussion that "may lead to tens of thousands of martyrs and injured if Rafah... is invaded".
- Saudi Arabia said that Israel's planned army operation in overcrowded Rafah would cause a "humanitarian catastrophe".