US defense chief tells Israeli counterpart that Gaza toll is ‘too high’
US Defense Secretary Lloyd Austin told his Israeli counterpart Yoav Gallant that civilian casualties in Gaza are "too high". A...
Geostrategy
Passenger air traffic has reached pre-pandemic levels, says ICAO
MONTREAL, CANADA – In the first quarter of 2024, the International Civil Aviation Organization (ICAO) projected that passenger air traffic...
Business
Geostrategy
Would welcome diplomatic ties with Egypt, says Iran’s Supreme Leader
Iran's Supreme Leader Ayatollah Ali Khamenei said he would welcome a resumption of diplomatic relations with Egypt, during a meeting...
- Iran's Supreme Leader Ayatollah Ali Khamenei said that the Omani leader had told him that Egypt would be willing to resume relations.
- Khamenei said that there should be an increase in cooperation between Oman and Iran as the two countries share the Strait of Hormuz.
Geostrategy
Energy minister leads UAE delegation to development road conference in Iraq
ABU DHABI, UAE - Minister of Energy and Infrastructure Suhail bin Mohammed Al Mazrouei headed the UAE delegation to the...
- The one-day conference brought together transport ministers and officials from the Gulf Cooperation Council, Iran, Turkey, Syria and Jordan.
- The huge infrastructure project will link southern Iraq to the border with Turkey from where it will connect to rail and road networks in Europe.
Geostrategy
Iraq plans ambitious Europe-Middle East road, rail project
Iraq presented an ambitious plan to turn itself into a regional transportation hub by developing its road and rail infrastructure,...
- War-ravaged and beset by rampant corruption, oil-rich Iraq suffers from dilapidated infrastructure.
- Developing the road and rail corridor would allow Iraq to capitalize on its geographical position.
Geostrategy
Iran, Belgium free jailed persons in prisoner swap
Iran freed Belgian aid worker Olivier Vandecasteele after almost 15 months in custody, in a prisoner exchange for an Iranian...
- Oman said it had helped broker an "exchange deal" and that an Iranian previously held in Belgium was on his way to Tehran.
- Iran announced that the freed Iranian is diplomat Assadollah Assadi, who was jailed in Belgium over a 2018 plot.
Economy
China scammer uses AI to pose as man’s friend, steal millions
The victim, surnamed Guo, received a video call last month from a person who looked and sounded like a close...
- Guo was persuaded to transfer $609,000 after the fraudster claimed another friend needed the money to come from a company bank account to pay the guarantee on a public tender
- Realising his mistake after messaging the friend whose identity was stolen, Guo alerted police who notified a bank to stop trasaction and he managed to recover his 3.4 million yuan
Business
Qatar Airways boss skeptical on aviation industry’s 2050 net zero target
DOHA, QATAR - Qatar Airways' chief executive on Tuesday doused hopes that the aviation industry can become carbon neutral by 2050,...
- Not enough sustainable aviation fuel is being produced, and technological hurdles remain to using hydrogen as a replacement.
- In 2021, the International Air Transport Association's member airlines committed to achieving net zero carbon emissions by 2050.
Geostrategy
SCCI discusses trade with Guatemalan, Indonesian delegations
SHARJAH, UAE - The Sharjah Chamber of Commerce and Industry (SCCI) has discussed strengthening trade and economic ties with diplomatic...
- The discussions focused on amplifying bilateral relations in industry, agriculture, food security, livestock and broadening trade exchanges.
- SCCI invited Indonesian businessmen to visit Sharjah to see the progress on existing projects and experience the facilities the emirate offers.
Business
Allen & Overy to merge with US peer
The merged firm will have a combined revenues of $3.4bn.
- The new group, called Allen Overy Shearman Sterling or A&O Shearman, was "truly a game-changing moment for both firms".
- The merged firm will have around 3,900 lawyers and about 800 partners across a total of 49 offices worldwide.
Geostrategy
WHO unveils network to minimize spread of infectious diseases
The World Health Organization launched a global network to help swiftly detect the threat from infectious diseases, like COVID-19, and...
- The network will rely on pathogen genomics to analyze the genetic code of viruses, bacteria and other disease-causing organisms.
- The data gathered will feed into a broader disease surveillance system used to identify and track diseases, in a bid to contain outbreaks.
Economy
US debt ceiling issue keeps Biden, aides busy at G7
President Joe Biden may be on the other side of the world but his political fight back home over the...
- The Group of 7 meeting in Japan is an important stage for Biden's goal of restoring US leadership among the world's democracies.
- "It is definitely a subject of interest here at the G7," National Security Advisor Jake Sullivan told reporters.
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US defense chief tells Israeli counterpart that Gaza toll is ‘too high’
US Defense Secretary Lloyd Austin told his Israeli counterpart Yoav Gallant that civilian casualties in Gaza are "too high". A...
Geostrategy
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Oil prices rise following Red Sea attacks
Market Report
Yemen-based Houthis fire missiles at ships in Red Sea, says US
Yemen's Iran-backed Houthi rebels fired three missiles at two merchant ships in the Red Sea in their latest attack in...
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...
Geostrategy
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...
Business
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Business
Mac computers could reach new glory due to AI
SAN FRANCISCO, US - Forty years after igniting a PC revolution, Apple's Mac is stronger than ever and could reach new...
- Macs became the preferred choice for Apple fans along with artists, film makers and other creative professionals.
- Apple has been making inroads in business, getting help from iPhone lovers using their smartphones for work.
Business
Tata Group retains IPL sponsorship rights for record $300m
New Delhi, India - Corporate behemoth Tata Group has again been awarded title sponsorship rights of the Indian Premier League for...
- Tata Group already holds the title sponsorship for the IPL and its sister competition, the Women's Premier League, which staged its first tournament last year
- The IPL attracts cricket's top international stars with bumper salaries, and features 10 sides competing in the sport's hugely popular Twenty20 format
Arts & Culture
Coach Mancini warns Saudi against taking Kyrgyzstan lightly
Doha, Qatar - Roberto Mancini warned Saudi Arabia against falling victim to the kind of Asian Cup shock suffered by favorites...
- Coach Mancini's team are ranked 56th in the world and are one of the contenders for the title while Kyrgyzstan are 98th
- The 59-year-old Mancini, who led Italy to European glory in 2021, took over ambitious Saudi Arabia in August last year