UAE investments abroad reach US$2.5trn in beginning of 2024, says UAEIIC
ABU DHABI, UAE – The United Arab Emirates has solidified its position as a leading regional and global player in...
Business
Geostrategy
Egypt, Turkey appoint ambassadors after a decade
Egypt and Turkey said they had appointed ambassadors to each others' countries for the first time in a decade, in...
- Cairo and Ankara both issued statements announcing "the upgrading of diplomatic relations between them to the level of ambassadors".
- Relations were severed a decade ago when Sisi, then Egypt's defense minister, ousted the Islamist president Mohamed Morsi, an ally of Turkey.
Business
China to restrict export of semiconductor making materials
BEIJING, CHINA - China said on Monday it would slap export controls on two rare metals essential for the manufacture of...
- Exports of gallium and germanium, of which China is a major producer, will require a license from August 1, said a Chinese guideline
- China accounted for 80 percent of global gallium production, according to a 2020 report by the European Commission
Science
Google to add seven new features for Google Chat
WASHINGTON, US- Google revealed seven new features to be added to Google Chat, a communication and collaboration tool, to enhance...
- One of the standout features coming to Google Chat is "Smart Compose," a familiar function from Gmail.
- Smart Compose offers auto-complete suggestions while typing, allowing users to swiftly complete sentences by swiping or pressing the tab key.
Geostrategy
Climate change spells ‘truly terrifying’ future of hunger, suffering: UN
On current policy trends, the planet will be 2.8C warmer by the end of the century, according to the UN's...
- UN human rights chief Volker Turk told a debate on the right to food that extreme weather events were wiping out crops, herds and ecosystems.
- "Our environment is burning. It's melting. It's flooding. It's depleting. It's drying. It's dying," he said, evoking a "dystopian future".
Research
Drug use disorders surge 45% to 39.5m individuals: World Drug Report
New York, US - The number of people suffering from drug use disorders has surged by 45 percent over the...
- The report highlights a substantial increase in global drug usage, with over 296 million people having used drugs in 2021, marking a 23 percent rise compared to the previous decade
- One concerning finding is that the global estimate of people who injected drugs in 2021 stands at 13.2 million, an 18 percent increase compared to previous estimates
Geostrategy
Dubai Customs, Japan seize drugs worth $310m from Tokyo port
DUBAI, UAE- Dubai Customs has assisted Japanese customs authorities in intercepting a significant quantity of illicit drugs. Up to 700...
- Up to 700 kilograms of "methamphetamine" powder, worth $310 million, were concealed within a cargo ship.
- The successful operation led to the apprehension of both the cargo ship and the illegal drugs at Tokyo Port.
Geostrategy
OIC calls for measures to prevent Quran burning incidents
The Saudi Arabia-based Organization of Islamic Cooperation called for collective measures to avoid future Quran burnings, days after a copy...
- The OIC urged member states to "take unified and collective measures to prevent the recurrence of incidents of desecration of copies of the" Quran.
- The burning of the holy book coincided with the start of the Eid al-Adha holiday and the end of the annual hajj pilgrimage in Saudi Arabia.
Arts & Culture
Saudi Arabia discusses tennis tournaments in Kingdom
LONDON, UK - Novak Djokovic warned on Saturday that the "integrity and tradition" of tennis must be preserved should the sport...
- Saudi Arabia has been signing up veteran football stars such as Cristiano Ronaldo and Karim Benzema to play in their domestic league.
- Saudi Arabia is also financing golf's rebel LIV series and already hosts a Formula One Grand Prix.
Science
Universe’s mysteries in focus as Europe launches Euclid space telescope
WASHINGTON, US - Europe's Euclid space telescope is scheduled to blast off Saturday on the first-ever mission aiming to shed...
- The launch of Euclid telescope is planned from Cape Canaveral in Florida at 11:12 am local time (1512 GMT) on a Falcon 9 rocket of the US company SpaceX.
- A major difference between Euclid and other space telescopes is its wide field of view, which takes in an area equivalent to two full moons.
Geostrategy
UAE urges world to address root causes of intolerance, extremism
NEW YORK, US- Advisor to the UAE Minister of Foreign Affairs Salem Al Zaabi called on the international community to...
- Terrorism is a complex, multi-faceted, and global phenomenon that transcends borders, cultures, and religions, said the UAE official.
- The UAE hosted a discussion on terrorist groups’ acquisition, weaponization, and deployment of Autonomous and Remotely Operated Systems (AROS).
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UN chief calls for continuity in aid as battle rages in Gaza
Heavy fighting raged in Gaza amid a row over the UN agency for Palestinian refugees that has called its future...
Geostrategy
Australia, Canada stop UN agency funding after Israeli allegations
Australia and Canada have suspended their funding to the UN agency for Palestinian refugees, after Israel accused several employees of...
Geostrategy
UAE plans to issue bonds, Sukuk valued at $1.3bn in Q1 2024, says official
HONG KONG - UAE Ministry of Finance Undersecretary Younis Haji Al Khoori announced that the ministry's issuance of bonds and...
Business
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Geostrategy
EU plans measures to protect sensitive technology from China
The European Union unveiled plans to strengthen the bloc's economic security including measures to protect sensitive technology from falling into...
- The fallout from the war in Ukraine hit Europe particularly hard, forcing the bloc to find alternative energy sources.
- Now, it wants to avoid a similar over-reliance on China, which dominates in green technology production and critical raw materials.
Business
Dubai wins right to host 349 business event in 2023
DUBAI, UAE - Dubai consolidated its status as a central hub for international business events in 2023, with the city...
- Driven by Dubai Business Events, the wins reflected a robust 49 percent increase in successful bids compared to 2022.
- DBE brought a citywide offering to the global market that resonated with the core needs of the business events industry.
Business
Imane Ayissi brings African tradition to Paris couture
PARIS, FRANCE - Imane Ayissi is on a mission to put authentic African textiles in the spotlight but faces an uphill...
- Ayissi in 2020 became the first designer from sub-Saharan Africa at haute couture week and seeks to resurrect more traditional fabrics like rafia.
- Such fabrics are drawn from local trees and plants, that were used before the African market was flooded with imports during the colonial period.