Debt, trade barriers drag Asian economies in 2024, says World Bank report
BANGKOK, THAILAND – Asian economies are not doing as well as they could and growth in the region is forecast...
Economy
US census to include Middle Eastern or North African category
The next US census and federal government forms will include new options for race and ethnicity including a category for...
Geostrategy
Geostrategy
WHO’s first global summit on traditional medicine begins Aug 17
Geneva, Switzerland -- The World Health Organization (WHO) is convening the Traditional Medicine Global Summit on 17-18 Aug 2023 in...
- Co-hosted by the Government of India, the Summit will explore the role of traditional, complementary, and integrative medicine in addressing pressing health challenges.
- Scientists and other experts will lead technical discussions on research, evidence and learning; policy, data and regulation;
Geostrategy
US to invest $1.2 bn on facilities to pull carbon from air
The two projects -- in Texas and Louisiana -- each aim to eliminate one million tons of carbon dioxide per...
- Direct Air Capture (DAC) techniques focus on that CO2 emitted into the air, which is helping to fuel climate change and extreme weather.
- Each of the projects will remove 250 times more CO2 from the air than the largest carbon capture site currently in operation, the Energy Department said.
Science
Covid cases up 80 percent globally as new subvariant rises
The number of new COVID-19 cases reported worldwide rose by 80 percent in the last month, the World Health Organization...
- The UN agency said that nations reported nearly 1.5 million new cases from July 10 to August 6.
- Many of the new cases came in the Western Pacific region, which saw infections jump by 137 percent.
Geostrategy
Iran appoints West-sanctioned official as supreme court chief
TEHRAN, IRAN - Iran on Sunday appointed Mohammed Jafar Montazeri, who is under US and British sanctions, to head the Islamic...
- Mohammed Jafar Montazeri was placed under US sanctions in December, with Washington identifying him as having a role in the prosecution of protesters.
- Britain followed suit in January and imposed punitive measures against Montazeri following the execution of British-Iranian Alireza Akbari for spying.
Economy
Interest rate raise ‘likely’ to curb inflation, says Fed official
A US central bank official said that more interest rate hikes "will likely be needed" to bring inflation down further,...
- Federal Reserve governor Michelle Bowman's prepared remarks to an event in Colorado also came after a mixed employment report.
- She would be seeking "consistent evidence" that inflation is on a meaningful path down toward the Fed's two percent target.
Geostrategy
Nearly 14m children in Sudan need aid, says UNICEF
NEW YORK, US - Two senior UN humanitarian officials have called for more funding and fewer bureaucratic impediments to support...
- The crisis in Sudan recently passed the 100-day mark and overall, 24 million people across the country require aid.
- Chad is one of several neighboring nations hosting some 900,000 people who fled the violence in Sudan.
Business
DUBAL, Oriental Copper ink MoU
JV will manufacture high-quality copper products in UAE.
- As per the agreement, DUBAL Holding will assist with local resources and be a co-investor.
- Oriental Copper will contribute its extensive technical, operational, and market expertise.
Arts & Culture
Saudi league’s transfer window can affect Europe’s clubs, says Liverpool
Singapore, Singapore - Liverpool manager Jurgen Klopp on Tuesday urged football authorities to address the late closure of the transfer window...
- Since the start of the year, clubs in the oil-rich Middle Eastern kingdom have spent generously to sign some of the world’s leading players.
- Brazilian midfielder Fabinho on Monday became the third Liverpool player to move to a Saudi club in this close season when he joined Al-Ittihad.
Geostrategy
Migrants suffer between life and death in Tunisia-Libya desert
In the midday heat, a Libyan patrol near the border with Tunisia comes across a black African man collapsed on...
- By the time they reach Libya, the migrants from sub-Saharan Africa are ready to drop from exhaustion, in temperatures above 40 degrees Celsius.
- Libyan border guards said that, over the past two weeks, they have rescued hundreds of migrants who said they were left by Tunisian authorities.
Geostrategy
Quran set alight at protest outside Sweden parliament
Two men set the Quran alight outside parliament in Stockholm at a protest similar to previous ones that have sparked...
- Sweden has already seen its diplomatic relations with several Middle Eastern nations strained over previous protests involving Quran desecrations.
- Swedish police have previously stressed they only grant permits for people to hold public gatherings and not for the activities conducted during the events.
Most Read
Revenue from Saudi cinema may exceed $1bn by 2030KSA, UAE play well as e-gaming trends across GCCExclusive: Middle East’s retail sector rides on AR and hybrid shopping to become $600bn digital economyTECOM Group profit soars 13%UAE startups eye Saudi Arabia for growth, expansionSaudi Arabia leads GCC AI healthcare raceDisparity remains as Saudis, Emiratis see wealth gains
Debt, trade barriers drag Asian economies in 2024, says World Bank report
BANGKOK, THAILAND – Asian economies are not doing as well as they could and growth in the region is forecast...
Economy
Company News
Latest News
‘Hitler did it to Jews’: Lula accuses Israel of ‘genocide’ in Gaza
Brazilian President Luiz Inacio Lula da Silva accused Israel of committing "genocide" against Palestinians in the Gaza Strip and compared...
Geostrategy
Roadmap out for environmental education, sustainable development at WEEC2024
ABU DHABI, UAE - The Abu Dhabi Roadmap, a high-level plan outlining global recommendations to bolster Environmental Education (EE) and...
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
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Geostrategy
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...
- The Iran-backed Houthis have been fighting a Saudi-led coalition since March 2015, months after they seized the capital Sanaa.
- Hundreds of thousands of people have died in the fighting and from indirect causes such as disease and malnutrition.
Business
Several nations eager to join Charter of Cooperation, says OPEC Secretary-General
ABU DHABI, UAE - Secretary-General of the Organization of Petroleum Exporting Countries Haitham Al Ghais said that OPEC is in...
- The names of these countries will be announced after the completion of the ongoing consultations, the OPEC chief said.
- He said the Charter helps facilitate dialogue and exchange views regarding conditions in the global oil and energy markets.
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.