Shipping service connecting India, South East Asia with Saudi Arabia comes up
RIYADH, SAUDI ARABIA – VASI Shipping Pte Ltd has introduced a new shipping service IMS at King Abdulaziz Port in...
Business
Leader of US Senate calls for election in Israel
The leader of the US Senate called for Israel to hold new elections in the most strident criticism yet by...
Geostrategy
Geostrategy
COP28 President Designate meets with key US government officials
WASHINGTON DC, US - UAE Minister of Industry and Advanced Technology and COP28 President Designate Dr. Sultan bin Ahmed Al...
- The UAE minister discussed multilateral development bank reform as weel as an update on recent US climate policy action.
- They discussed the need to invest in global clean energy supply chains, and the role of the US-UAE Partnership for Accelerating Clean Energy.
Geostrategy
Poor states’ summit promised just US$1.4bn, says UN
DOHA, QATAR - Just US$1.4 billion in new loans and grants were promised at a UN summit devoted to the world's...
- The Doha meetings saw Saudi Arabia offer $800 million in loans to Least Developed Countries.
- Qatar said it would give $60 million for UN projects and Canada $59 million for vitamin supplements in LDCs.
Market Report
Global stocks mixed as markets await US jobs data
Wall Street rose but European stock markets fell as investors brace for US jobs data that they fear could prompt...
- The US Federal Reserve raised rates by a quarter basis point in December, lower than previous decisions.
- European wholesale natural gas prices dived to the lowest level since August 2021, due to high storage levels.
Geostrategy
Grain deal not being implemented properly, says Russia
MOSCOW, RUSSIA - Russian Foreign Minister Sergei Lavrov said Thursday that extending a deal that allowed grain exports from Ukraine to...
- Russia's military intervention saw Ukraine's Black Sea ports blocked by warships until a deal was reached for the export of grains.
- The UN and Turkey-brokered deal will automatically renew on March 18 unless Russia or Ukraine object.
Economy
US interest rate likely to rise, says Federal Reserve head
US interest rates will likely peak at a higher level than previously anticipated due to economic data that came in...
- The US central bank has raised its benchmark lending rate eight times since early last year.
- US job gains had surged unexpectedly in January while unemployment slipped to its lowest rate in more than five decades.
Arts & Culture
UAE shares view at first G20 Culture Working Group meeting
ABU DHABI, UAE - UAE Ministry of Culture and Youth (MCY) participated in the First G20 Culture Working Group (CWG)...
- G20 members, invited countries and international organizations attended the meetings of the Culture Working Group.
- The meeting discussed the challenges and opportunities in the cultural ecosystem on a global scale.
Science
UN moves towards real-time tracking of greenhouse gases
The UN announced that it had taken a significant step towards trying to fill a key gap in the fight...
- The three major greenhouses gases are carbon dioxide, methane and nitrous oxide.
- Of those, CO2 accounts for around 66 percent of the warming effect on the climate.
Geostrategy
International Justice Conference begins in Saudi Arabia
RIYADH, SAUDI ARABIA - Saudi Justice Minister Dr. Walid Al-Samaani inaugurated the International Conference on Justice here on Sunday.Several ministers,...
- Over 4,000 persons and 50 international speakers took part in the justice conference in Saudi Arabia.
- The conference aims to facilitate access to justice through digital innovation, judicial technology and enrich legal culture.
Economy
Saudi ranks first in technical, vocational education enrollment
Riyadh, Saudi Arabia-- Saudi Arabia ranked first globally on the Global Knowledge Index 2022 in the percentage of students enrolled...
- The Index is issued by Mohammed bin Rashid Al Maktoum Knowledge Foundation in collaboration with United Nations Development Program.
- It provides reliable data to help countries and decision makers to understand and face the real transformations and challenges.
Economy
UAE keen on new technologies, says minister at Raisina Dialogue 2023
NEW DELHI, INDIA - UAE Minister of State for Artificial Intelligence, Digital Economy and Remote Work Applications Omar Sultan Al...
- Representatives from over 100 countries, including ministers, military commanders, captains of the Industry, participated in Raisina Dialogue 2023.
- The UAE is keen on sharing knowledge, experience and success stories by participating in international conferences.
Shipping service connecting India, South East Asia with Saudi Arabia comes up
RIYADH, SAUDI ARABIA – VASI Shipping Pte Ltd has introduced a new shipping service IMS at King Abdulaziz Port in...
Business
Company News
Latest News
5 WEF reports shaping your 2024 agenda
From AI to the future of jobs and slow climb to gender parity, WEF reports provide insights into some of...
Geostrategy
Google agrees to settle $5bn data privacy breach lawsuit
Google has agreed to settle a consumer privacy lawsuit seeking at least $5 billion in damages over allegations it tracked...
Geostrategy
WHO urges pandemic plans as ‘painful’ Covid ends
Geneva, Switzerland - The head of the WHO said on Tuesday the world needs to properly prepare for future pandemics after...
Geostrategy
Most Read
Geostrategy
Russia extends ban on entry of trucks from EU, UK, Norway, Ukraine
MOSCOW, RUSSIA - The Russian government has extended the ban on the entry of trucks from the European Union, the...
- “The restriction will remain in effect until the circumstances that served as the basis for its introduction are eliminated,” the Russian Cabinet said.
- The ban was introduced in 2022 as a response to the EU’s decision not to allow trucks with Russian and Belarusian license plates through.
Geostrategy
UN General Assembly approves US$3.59bn budget for 2024
NEW YORK, US - The United Nations General Assembly (UNGA) approved a US$3.59 billion budget for 2024, including establishing a...
- The UNGA approved around US$50 million as an additional funding for UN Human Rights Council.
- UNGA revealed that it established a multiannual private account for peacemaking and it is used for funding UNPBF.
Geostrategy
Iran slams UN for its failure to stop Israel-Hamas war in Gaza
Iranian President Ebrahim Raisi slammed the "inefficacy" of international bodies to halt fighting between Israel and Palestinian group Hamas which...
- The UNSC resolution urged the creation of "conditions for a sustainable cessation of hostilities", without calling for an immediate end to the fighting,
- "The inability and inefficacy of international organizations has become clear to everyone in the world," the Iranian President said.