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
European Union slaps $1.9bn fine on Apple over violation of rules
Brussels, Belgium - The EU on Monday hit Apple with a more than 1.8-billion-euro fine ($1.9 billion) for violating the bloc's...
Business
Arts & Culture
Former Pontiff Benedict XVI dead at the age of 95
Former pope Benedict XVI has died at the age of 95, the Vatican announced almost a decade after he became...
- "With sorrow I inform you that the Pope Emeritus, Benedict XVI, passed away today at 9:34 in the Mater Ecclesiae Monastery in the Vatican," Vatican spokesman Matteo Bruni said
- His health had been declining for a long time, but the Vatican revealed on Wednesday that his situation had worsened, while Francis called for Catholics worldwide to pray for him
Geostrategy
Iran summons Italian envoy in rebuke over protests
TEHRAN, IRAN - Iran has summoned the Italian ambassador to protest "interventionist" policies, the foreign ministry said late Thursday, a day...
- The Islamic republic has been gripped by protests since the September 16 death in custody of Mahsa Amini, a 22-year-old Iranian Kurd.
- Iran says hundreds of people have been killed in the unrest, including members of the security forces, and thousands have been arrested nationwide.
Concern over China Covid surge ‘understandable’: WHO
Hospitals across China have been overwhelmed by an explosion of infections following Beijing's decision to lift strict rules that had...
- WHO chief Tedros Adhanom Ghebreyesus urged China to be more forthcoming on the pandemic situation in the country
- His comments came after the United States joined several nations in imposing Covid tests on travelers from China
Business
TSMC begins making 3nm chips
TSMC operates the world's largest silicon wafer factories.
- TSMC is also Apple's primary chip supplier.
- Its 3nm-process chips are expected to have more processing power while using less power, boosting battery performance.
Science
Dubai conference explore ways to nullify environment challenges
This is especially important with the ongoing preparations for the UAE to host the 28th Conference of the Parties by...
- Important topics at the conference included the application of membrane technology and nano-technology in water treatment
- The conference brought together global researchers, decision-makers, academics, and experts to discuss environmental and sustainability issues
Business
BHP to face trial in UK
The firm must stand trial to face US$12 billion damages claim
- More than 400,000 claimants could eventually join the compensation claim against the Australian company in London's High Court.
- The 2015 tragedy unfolded after the dam in Brazil's Minas Gerais region ruptured.
Science
Minister reiterates UAE’s support for global biodiversity framework at meeting
MONTREAL, CANADA - UAE Minister of Climate Change and the Environment Mariam bint Mohammed Almheiri participated in the High-Level Segment...
- Almheiri urged other ministers to work together towards achieving the meeting’s objective of adopting the post-2020 global biodiversity framework.
- The minister called for reversing biodiversity loss and realize the 2050 Vision for Biodiversity of a world living in harmony with nature.
Geostrategy
US plans new Israel-Arab meeting, hopes for Netanyahu restraint
WASHINGTON, UNITED STATES - The United States plans a meeting early in 2023 between Israel and Arab nations that recognize it...
- Benjamin Netanyahu is set to take office with the most right-wing government in Israel's history.
- A senior US official said the United States plans a meeting "probably in the first quarter" of 2023 of foreign ministers from the Negev summit in March.
Business
European Union to end two Amazon inquiries after agreement
Amazon, and its software, will be forbidden from analyzing non-public third-party seller data, and will treat all sellers equally when deciding...
- EU vice-president Margrethe Vestager announced Amazon's commitments and hailed them as a victory for smaller retailers selling products on Amazon's online marketplace.
- An Amazon spokesperson said the firm, which operates the world's biggest online store, was pleased to have responded to the European Commission's concerns.
Business
Nearly 2,000 business executives attend World Corporate Summit in Dubai
DUBAI, UAE - Nearly 2,000 global business executives and investors attended the World Corporate Summit in Dubai to share in...
- The business leaders were also building partnerships with over 100 roundtables, 20 networking sessions.
- The summit took a 360-degree view at ways to improve the world economy.
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
Company News
Delta posts Q3 profits of $1.1b Â
Business
Latest News
US pledges $3bn to a global climate fund at COP28 meet
Developing countries least responsible for climate change are seeking support from richer polluting nations to adapt to the increasingly ferocious...
COP28 UAE
UAE President attends Group of 77 and China meeting at COP28
DUBAI, UAE – At the UN Climate Change Conference (COP28) here, UAE President Sheikh Mohamed bin Zayed Al Nahyan attended...
Geostrategy
Mumtalakat, Investcorp ink pact
The firms have jointly launched a climate investment platform.
Business
Most Read
COP28 puts spotlight on state oil giants
Western energy firms are the usual suspects when it comes to criticism about the sector's role in climate change, but...
- National oil companies, or NOCs, "account for more than half of global production and close to 60 percent of the world's oil and gas reserves," the IEA said
- NOCs and the oil majors - which include BP, Chevron, ExxonMobil, Shell and TotalEnergies - will all be "critical to efforts to achieve net zero" emissions by 2050
Business
Brazil to become OPEC+ member in 2024, says group
Vienna, Austria - Major producer Brazil will join OPEC+ from next year, the oil cartel announced on Thursday.Brazil is among the...
- Brazil's crude production hit a record 3.7 million barrels per day in September, a near 17 percent increase from the same month last year
- OPEC+ was born in late 2016 when Russia and nine others joined forces with the Saudi-led OPEC to prop up falling prices
Business
UAE presents its maritime contributions at IMO meet in UK
DUBAI, UAE - Presenting its category B candidacy in the International Maritime Organization (IMO) Council at the organization’s focus group...
- The UAE’s strategic location at the crossroads of global shipping routes has enabled it to become a central maritime hub in the world.
- The country has strived to achieve continuous development in the maritime industry, which is a key pillar of its national economy.