G7 vows ‘significant’ new sanctions if Iran sends missiles to Russia
Washington, US - G7 countries warned Iran on Friday that they will impose "significant" new sanctions if Tehran transfers ballistic missiles...
Geostrategy
Four space station crew members leave for Earth
WASHINGTON, US – Four astronauts left the International Space Station on Monday and were bound for Earth following a more than...
Geostrategy
Business
HFZA showcases Sharjah as attractive investment destination at India Steel 2023
SHARJAH, UAE - India is among the UAE's most significant investment partners, with substantial mutual investments. Iron and steel rank...
- Iron and steel rank among the top commodities exported from the UAE to India.
- India is among UAE's most vital trade partners, with substantial mutual investments.
Economy
Collective action required for food security, says FAO
MIYAZAKI, JAPAN - With hunger levels rising and food prices soaring in most of the world, collective actions are necessary...
- Trade continues to be key for global food security and all nations must commit to well-functioning markets and transparency, FAO said.
- "We need to work together in an efficient, effective and coherent manner to identify the solutions," FAO added.
Geostrategy
Russia expels more than 20 officials from German embassy
MOSCOW, RUSSIA - The Russian foreign ministry spokeswoman on Saturday announced the expulsion of "more than 20" German diplomats as a...
- Russian ministry spokesperson told state-run television Zvezda that Moscow had decided to expel "more than 20" diplomats.
- Her statement came shortly after Russia denounced "another mass expulsion of employees of Russian diplomatic missions in Germany.
Science
UN chief calls for protection of biodiversity on International Mother Earth Day
NEW YORK, US - UN Secretary-General António Guterres issued a statement calling for urgent action to protect the environment and...
- The UN chief highlighted the crucial relationship between humanity and the natural world.
- He called for deeper and faster emissions cuts to limit global temperature rise to 1.5 degrees Celsius.
Science
SpaceX Starship, world’s biggest rocket, explodes during first flight test
Starship, the most powerful rocket ever built, exploded during its first flight, but Elon Musk congratulated his SpaceX team on...
- The Starship spacecraft that will eventually carry crew and cargo had been scheduled to separate from the first-stage rocket booster three minutes into the flight.
- Despite the failure to complete the full 90-minute flight test and reach orbit, SpaceX and Musk, the founder and CEO of the private space company, declared it a success.
Economy
WTO, WBG, WEF launch scheme for trade, climate mitigation efforts
GENEVA, SWITZERLAND - The World Trade Organization (WTO), the World Bank Group (WBG) and the World Economic Forum (WEF) on...
- The initiative Action on Climate and Trade (ACT) . which starts with a pilot phase, will focus on working with participating developing economies.
- ACT will provide participating economies with tailored insights so that they can plan for the impacts of climate change on trade.
Market Report
Stocks mixed, dollar firms on rate-hike fears
Stock markets traded mixed as last week's optimism gave way to worries that central banks may wait longer than expected...
- The dollar firmed on prospects of more US rate-tightening and oil prices slipped.
- Cooler inflation is said to have eased the pressure on the European Central Bank.
Geostrategy
WFP stops Sudan operation after three members killed in violence
The UN's food agency said it was suspending work in Sudan after three staff were killed in the Darfur region,...
- "While we review the evolving security situation, we are forced to temporarily halt all operations in Sudan," said a WFP official.
- Fighting in Sudan raged for a second day in battles between rival generals who seized power in a 2021 coup.
Geostrategy
Arab nations gather to discuss ending Syria’s long isolation
Arab countries gathered in Jeddah on Friday to discuss ending Syria's long spell in the diplomatic wilderness as regional relations...
- The Jeddah meeting is one of a flurry of initiatives following Saudi Arabia and Iran's landmark announcement on March 10 that they would resume ties.
- Although the Arab League takes decisions by consensus, unanimous agreement is unlikely, said a Riyadh-based diplomat who declined to be identified.
Economy
UAE minister stresses G20 and COP28 collaboration at WBG meet
The members also exchanged views on progressing the implementation of Multilateral Convention to Implement Tax Treaty Related Measures to Prevent...
- Mohamed Hadi Al Hussaini, Minister of State for Financial Affairs, led the UAE delegation at the meeting, held on the sidelines of the 2023 Spring Meetings.
- Ministers of Finance and Central Bank Governors from G20 member countries, invited countries, and international organizations attended the meeting.
G7 vows ‘significant’ new sanctions if Iran sends missiles to Russia
Washington, US - G7 countries warned Iran on Friday that they will impose "significant" new sanctions if Tehran transfers ballistic missiles...
Geostrategy
Company News
Mumtalakat, Investcorp ink pact
Business
Latest News
India’s solar mission Aditya-L1 enters Sun’s orbit
New Delhi, India - India's solar observation mission on Saturday entered the Sun's orbit after a four-month journey, the latest success...
Science
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...
Business
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...
Economy
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Geostrategy
UAE participates in UN Peacekeeping Ministerial Meeting in Ghana
ACCRA, GHANA - A United Arab Emirates delegation led by Dr. Rashed Ali Al Kaabi, Assistant Minister of Foreign Affairs...
- The ministerial meeting was the first in Africa with previous sessions taking place in the US, the UK, Canada and the Republic of Korea.
- The UAE delegation head held several meetings with the heads of attending delegations, including France, the UK, Bangladesh and others.
Geostrategy
Iranian warship enters Red Sea, reports media
TEHRAN, IRAN - Iran's Alborz warship has entered the Red Sea through the strategic Bab al-Mandeb strait, Tasnim news agency reported...
- The news agency did not give specific reasons for its deployment, but noted that Iranian military vessels had operated in the area since 2009.
- According to the International Chamber of Shipping, 12 percent of global trade passes through the Red Sea
Geostrategy
UNSC committee adopts guiding principles on use of UAS for terrorist purposes
NEW YORK, US – The Counter-Terrorism Committee (CTC) of the UN Security Council adopted the "Abu Dhabi Guiding Principles" and...
- The document is the first of its kind at the United Nations to address the increasing challenges posed by UAS in the context of counter-terrorism.
- As the current chair of the Counter-Terrorism Committee, the UAE facilitated this crucial initiative, reflecting its commitment to global peace and security.