Saudi Arabia takes part in global mineral and mining meet in Canada
RIYADH, SAUDI ARABIA – A delegation comprising several entities from the Kingdom’s industry and mineral resources' system participated in PDAC...
Business
Trump said he won’t ‘give a penny’ to Ukraine, claims Hungary Prime Minister
BUDAPEST, HUNGARY – Hungary's Prime Minister Viktor Orban has asserted that former US president Donald Trump told him during a meeting...
Geostrategy
Geostrategy
Flight carrying humanitarian aid from Red Cross lands in Sudan
KHARTOUM, SUDAN -  A first Red Cross plane laden with humanitarian aid on Sunday landed in Sudan, where deadly clashes between...
- The shipment took off from the Jordanian capital Amman and arrived in the eastern city of Port Sudan.
- Only 16 percent of hospitals are functioning in the capital Khartoum, according to the World Health Organization.
Arts & Culture
Ex- Indian Navy officer, sailing on UAE-registered boat, is second at Golden Globe Race 2022
LES SABLES-D'OLONNE PORT, FRANCE - UAE-registered boat Bayanat has taken second place at the Golden Globe Race 2022 (GGR) after...
- The third edition of the GGR commenced on September 4, 2022 at the picturesque Les Sables-d'Olonne port in France.
- Initially 30 sailors had enrolled for the competition, but only 16 were able to make it to the starting line.
Geostrategy
Iran’s president criticizes US presence in Middle East
Iran's President Ebrahim Raisi slammed the United States' presence in the Middle East, as he hosted his counterpart from neighboring...
- The US has 2,500 non-combat troops in Iraq to provide it with advice and training.
- About 900 US troops remain in Syria, most in the Kurdish-administered northeast.
Market Report
Global stocks rise despite data showing US economic  slowdown
Wall Street stocks pushed higher despite data that showed US economic growth is slowing, which raised fresh questions about interest...
- The first quarter growth figure adds to lackluster US consumer confidence data which has deepened worries about a broader recession.
- Yields on US government debt rose after the data was released and also reported a drop in weekly jobless claims.
Geostrategy
UAE urges UN Security Council to resolve conflicts through dialogue
NEW YORK, US - UAE Minister of State Khalifa Shaheen Al Marar urged United Nations Security Council members to peacefully...
- The UAE calls upon UNSC to bring peaceful resolution to conflict and crises, from Sudan to Ukraine.
- UAE says it is imperative to promote dialogue and cooperation among nations to address challenges.
Geostrategy
Russia hosts talks for normalizing ties between Syria, Turkey
Russian Defense Minister Sergei Shoigu hosted four-way talks aimed at normalizing ties between Ankara and Damascus, which were severed at...
- Russia stressed the importance of countering "the fight against all extremist groups in Syria".
- All participants "reaffirmed their respect for Syria's territorial integrity", the Turkish defense ministry said.
Business
Novartis Q1 profit at $2.3bn
Heart disease, cancer medicines helped enhance revenue.
- Novartis said that its operating profit would likely increase in the high single-digits this year.
- The group would prioritize "high-value" medicines" across five core areas to drive its productivity.
Geostrategy
India to become world’s most populous nation this week, says UN
India will overtake China as the world's most populous country in the coming week, hitting almost 1.43 billion people, the...
- India is topping China due to both rapid growth in its own population and a decline in China's after hitting 1.426 billion last year.
- China is expected to decline steadily to around one billion people by the end of this century, according to UN projections.
Geostrategy
UN chief calls for ceasefire in Sudan, says conflict may affect region
Foreign nations pushed with evacuations of their citizens from Sudan which, the UN chief warned, is "on the edge of...
- The US, European, Middle Eastern, African and Asian nations have launched emergency missions to bring to safety their citizens from Sudan.
- At least 427 people have been killed and over 3,700 wounded, as per UN agencies, which said Sudanese civilians fleeing the affected areas.
Geostrategy
Australia sets in motion largest defense renovation in decades
Australia launched its biggest defense overhaul in decades, vowing to turn a military that is "no longer fit for purpose"...
- The biggest changes may be felt in the Australian army, which will now have a sharper focus on coastal defense.
- Australia's military will develop the ability to strike from air, land and sea, strengthen northern bases and recruit more troops.
Saudi Arabia takes part in global mineral and mining meet in Canada
RIYADH, SAUDI ARABIA – A delegation comprising several entities from the Kingdom’s industry and mineral resources' system participated in PDAC...
Business
Company News
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Mumtalakat, Investcorp ink pact
Business
Resilient supply chains are essential to global trade: Expert
DUBAI, UAE – For over 30 years, globalization has been the evergreen megatrend as global trade has helped lift some...
Business
Utilizing AI is only possible if skill gap is bridged, says expert
DUBAI, UAE - The Artificial Intelligence (AI) revolution is upon us, with AI becoming a pervasive force in our daily...
Business
Turkish Airlines grounds Boeing 737 MAX 9 jets amid inspection orders
Turkish Airlines said that it would stop flying five Boeing 737 MAX 9 jets in its fleet even as the...
Geostrategy
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Business
Google Chrome begins restricting cookies in first step towards elimination
Paris, France - Google has begun limiting third-party cookies for some users of its Chrome web browser, a first step towards...
- Cookies, small files which are used to target advertising by tracking web navigation, have recently been subject to greater regulation.
- Google announced in January 2020 that it would begin eliminating third-party cookies within two years, but the start has been delayed several times.
Economy
FAO says global food prices fell 13.7 percent in 2023
World food prices fell in 2023, with considerable declines for grains and oils as supply concerns eased, the UN's Food...
- Overall, world food commodity prices fell 13.7 percent in 2023 compared to the previous year, Rome-based FAO said.
- The vegetable oil price index posted the biggest fall last year, dropping 32.7 percent, thanks to improved supplies and reduced use for biofuel production.
Geostrategy
Foreign governments paid Trump firms millions as president, claims US report
NEW YORK, US - Former US president Donald Trump's businesses received at least $7.8 million from foreign governments including China during...
- The authors of the report said that revenues from overseas governments violated a constitutional ban on "foreign emoluments."
- The report alleged that Beijing as well as businesses including ICBC bank and Hainan Airlines spent $5.5 million at Trump-owned properties.