Tech Mahindra’s Ram Ramachandran: MEA, India key to shaping future in multipolar world
Davos, Switzerland -- The Middle East, Africa, and India have an important role and influence in shaping the evolving world order...
World Economic Forum
Diplomats say at least 550 pilgrims died during hajj, mostly Egyptians
"All of them (the Egyptians) died because of heat" except for one who sustained fatal injuries during a minor crowd...
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...
- Led by American astronaut Jasmin Moghbeli, NASA's Crew-7 arrived at the research platform last August.
- NASA and SpaceX are targeting as soon as 5:35 am Tuesday (0935 GMT) for a splashdown off the Florida coast.
Economy
Iran agricultural, food exports hit US$5.5bn in 11 months
TEHRAN, IRAN – The Ministry of Industry, Mine, and Trade said that Iran exported fisheries, livestock, agricultural and food products...
- Iraq was the biggest importer of Iranian agricultural and food products worth US$1.7 billion.
- The UAE was the second largest importer of Iranian agricultural and food products worth $675 million
Economy
GASTAT adopts chain-linking method to calculate Saudi Arabia’s real GDP
RIYADH, SAUDI ARABIA – The General Authority for Statistics (GASTAT) said in a press release it issued on Sunday that...
- The fourth quarter 2023 results and the annual results for the same year have been reached at by using the new methodology.
- Saudi Arabia is the first country in the Gulf and Arab regions, and among the first G20 countries, to implement the chain-linking methodology.
Business
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...
- Launched in 2015, Ether is by far the second-largest digital currency in terms of total value, now estimated at over $460 billion.
- Bitcoin's rise has been well-documented, but Ether's has been even more impressive, surging almost 72 percent year to date.
Geostrategy
Thousands rally in London seeking a truce in Gaza
London, UK - Thousands of protesters marched in central London on Saturday to call for a ceasefire in Gaza amid ongoing...
- The march, from Hyde Park Corner to the US Embassy, was the fifth major demonstration of the year so far in the capital.
- However, marches protesting Israeli assault in Gaza have seen dozens arrested for anti-Semitic chanting and banners.
Business
Amman Chamber of Industry exports for January-February 2024 reaches $1.3bn
AMMAN, JORDAN - Amman Chamber of Industry (ACI) exports amounted to US$1.3 billion (JD926 million) during the last two months...
- During the first two months of 2024, India, the US, Saudi Arabia and Iraq accounted for the majority of ACI’s exports.
- The chamber's exports to the US surged during the first two months of 2024 to about US$297 million compared to US$275 million.
Geostrategy
Aid boat ready to set sail from Cyprus for Gaza
A boat laden with food for Palestinians in war-ravaged Gaza was "ready" to set sail from Cyprus, an NGO said,...
- The UN has repeatedly warned of looming famine, particularly in the Palestinian territory's north where no overland border crossings are open.
- With ground access limited, countries have also turned to airdropping aid, although a parachute malfunction turned one delivery on Friday deadly.
Geostrategy
Iran hits out at UN experts report on 2022 protests
TEHRAN, IRAN – Tehran on Saturday strongly condemned a UN report on the Islamic republic's response to mass protests in 2022,...
- International experts said the repression of mostly peaceful protests beginning in September 2022 have led to "crimes against humanity".
- The UN Human Rights Council mandated the experts' investigation following massive protests after the death in police custody of Mahsa Amini.
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...
- The joint effort aims to bring over 350 thousand additional tourists to Saudi over the course of the agreement.
- The partnership is vital as it coincides with exceptional growth and transformation in the global tourism industry.
Geostrategy
US President orders military to set up a port in Gaza for aid, say officials
President Joe Biden will tell Congress that he has ordered the US military to set up a port in Gaza...
- US officials said the "significant capability will take a number of weeks to plan and execute".
- US officials were careful to stress that American troops would not be on the ground in Gaza.
Tech Mahindra’s Ram Ramachandran: MEA, India key to shaping future in multipolar world
Davos, Switzerland -- The Middle East, Africa, and India have an important role and influence in shaping the evolving world order...
World Economic Forum
Company News
Liberty Media buy MotoGP
Business
Latest News
Global football stars choose Red Sea destination for holiday
TABUK, SAUDI ARABIA – A few days ago, the Red Sea destination hosted several international football stars from Saudi Pro...
Business
Death toll in Israeli strikes on Syria climbs to 52, says monitor
Beirut, Lebanon - The death toll in Israeli air strikes on Syria has risen to 52, including 38 government soldiers and...
Geostrategy
Turkey says Erdogan to meet Joe Biden at White House on May 9
Istanbul, Turkey - Turkish President Recep Tayyip Erdogan will meet with US counterpart Joe Biden at the White House on May...
Geostrategy
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Economy
US Federal Reserve’s preferred inflation gauge ticks up as fuel costs rise
WASHINGTON, US – The US central bank's favored measure of inflation edged higher last month on the back of rising fuel...
- The personal consumption expenditures price index rose at an annual rate of 2.5 percent in February.
- Much of the February increase in the cost of goods came from energy prices, which rose 2.3 percent from January.
Geostrategy
Russia says ‘evidence’ links Ukraine to Moscow attack
MOSCOW, RUSSIA - Russia said on Thursday it had evidence the perpetrators of last week's massacre at a concert hall outside...
- Russian officials alleged the suspects had received "significant amounts of money and cryptocurrency from Ukraine".
- The officials said that said another man "involved in financing the terrorists" had been identified and detained.
Economy
Rise in remittances hikes demand for Jordanian dinar, says chamber of commerce
AMMAN, JORDAN – Rising remittances from the Kingdom’s citizens working abroad has contributed to increasing demand for Jordanian dinar.Exchange companies...
- There are positive indicators suggesting a stabilization in Jordan’s economy.
- Presently the currency exchange sector comprises 250 firms across Jordan.