Cryptocurrency Ether witnesses meteoric rise since launch
NEW YORK, US – Bitcoin has captured the limelight in recent weeks as it surged to a new record high, yet...
Business
Saudi Tourism Authority, Trip.com Group sign global agreement
BERLIN, GERMANY – Saudi Tourism Authority (STA) and Trip.com Group have announced a significant global partnership, which will drive greater...
Business
Geostrategy
Blinken reaches Turkey to support quake-hit country
US Secretary of State Antony Blinken arrived in Turkey to show support to the earthquake-hit country and NATO ally which...
- His visit comes after a 7.8-magnitude tremor hit southeastern Turkey and northern Syria killing nearly 45,000 people
- The top US diplomat arrived at Incirlik air base in southern Turkey through which the United States has shipped aid
Geostrategy
Israel slams ejection of envoy from African Union summit
Israel condemned the "severe" expulsion of a senior diplomat from the African Union summit, accusing Iran of orchestrating the move...
- A spokesman for the Israeli foreign ministry described the incident as "severe," noting Bar-li was "an accredited observer with an entry tag".
- African states should "oppose these actions, which harm the African Union movement and the entire continent," the spokesman added.
Geostrategy
Blast wounds four US troops in Syria, IS leader killed, says military
WASHINGTON, US - An explosion wounded four American military personnel during a raid that killed a senior Islamic State (IS) group...
- US leads an international coalition battling IS and conducts periodic raids and strikes targeting the group.
- The US troops and the dog are being treated at an American medical facility in Iraq.
Business
Hermes 2022 net profit $3.6bn
Fashion house posted huge earnings despite inflation.
- Sales rose 29 percent to US$12.3 billion at current exchange rates.
- Hermes said its sales rose by 30.7 percent in the Asia-Pacific region, excluding Japan, in the last three months of 2022.
Business
Centrica 2022 profit US$4bn
Firm's profit rose due to gas and crude oil prices spike.
- Britain's government of Prime Minister Rishi Sunak is temporarily subsidizing electricity and gas bills this winter.
- Centrica expanded its stock buyback scheme to hand another $360 million to shareholders.
Geostrategy
COP28 host UAE vows ‘inclusive roadmap’ for climate talks
Rights group Amnesty International has said Sultan Al Jaber is "unfit" for the COP28 presidency, being the CEO of state-owned...
- Al Jaber told a summit event that as "president, I will lay out a roadmap for COP28 that is inclusive, results-oriented and... very far from business as usual".
- Al Jaber, 49, is also the UAE's minister of industry and advanced technology and head of a leading renewable energy firm. He is the first CEO to lead the summit.
UN admits aid failure for Syria as quake toll hits 33,000
Supplies have been slow to arrive in Syria, where years of conflict have ravaged the healthcare system, and parts of...
- A UN convoy with supplies for northwest Syria arrived via Turkey, but the agency's relief chief Martin Griffiths said much more was needed for millions whose homes were destroyed
- Bab al-Hawa is the only point for aid to reach people in rebel-held areas of Syria after nearly 12 years of civil war, after other crossings were closed under pressure
Market Report
Stocks steady, dollar higher on US rate-hike expectations
Stock markets largely steadied and the dollar rose with traders forecasting US interest rates to keep climbing following last week's...
- January's rally for equities was halted as investors contemplate an extended period of high borrowing costs.
- Leading Asian stock markets and London managed gains Tuesday after all three main indices on Wall Street kicked off the week with losses.
At least 20 escape Syria prison holding IS inmates after quake
The British-based Syrian Observatory for Human Rights war monitor said it could not verify whether prisoners had escaped, but confirmed...
- The military police prison in the town of Rajo near the Turkish border holds about 2,000 inmates, with about 1,300 of them suspected to be IS fighters
- The 7.8-magnitude quake - which was followed by dozens of aftershocks in the region - caused damage to the prison, with walls and doors cracking
Business
UAE tops globally in tertiary education
For the 12th year in a row, Switzerland leads the ranks on the Global Innovation Index. South Korea was the...
- The 2022 GII says it tracks the most recent global innovation trends against the background of the pandemic, slowing productivity growth and other evolving challenges.
- It looks at whether stagnation and low productivity growth are here to stay, or whether we are about to enter a new era, where new innovation spurts.
Cryptocurrency Ether witnesses meteoric rise since launch
NEW YORK, US – Bitcoin has captured the limelight in recent weeks as it surged to a new record high, yet...
Business
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NMDC, AD Ports Group ink MoU
Business
Global trade likely to decline in 2023 due to changing trade patterns, geopolitics
DUBAI, UAE - The outlook for 2024 remains “highly uncertain and generally pessimistic,” UNCTAD says in the Global Trade Update,...
Economy
PM issues law forming Dubai Investment Fund to oversee government investments
DUBAI, UAE – Vice President, Prime Minister and Ruler of Dubai Sheikh Mohammed bin Rashid Al Maktoum has issued Law...
Business
Russia, Saudi say sovereign Palestine state vital for regional peace
RIYADH, SAUDI ARABIA – Russia and Saudi Arabia expressed concern on the present situation in Gaza and said that a...
Geostrategy
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Geostrategy
Joint ministerial committee meets US secretary of state
Washington, US – A committee of the Joint Arab-Islamic Extraordinary Summit under the chairmanship of Prince Faisal bin Farhan bin...
- A ministerial committee led by Saudi foreign minister holds discussions with US Secretary of State.
- The committee asked the US to influence Israel and called for an immediate ceasefire in Gaza.
Geostrategy
IMF, UAE, other countries meet on anti-money laundering, counter terrorism financing
ABU DHABI, UAE - International Monetary Fund (IMF), in collaboration with the UAE Executive Office of Anti-Money Laundering and Counter...
- Participants from 15 countries and organizations took part in the meeting.
- They agreed on strong collaboration among AML/CFT supervisory agencies.
Geostrategy
Mahsa Amini’s family blocked from leaving Iran for EU rights prize
PARIS, FRANCE - The family of Mahsa Amini, the Iranian Kurdish woman who died in custody, have been banned from traveling...
- Her family's lawyer in France, Chirinne Ardakani, said that Amini's parents and brother had been prohibited from boarding a flight.
- She said the family had been banned from leaving Iran despite having a valid visa, and their passports had been confiscated.