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
Science
Financing for nature must more than double by 2025, says UN report
The world must increase financing for nature-based solutions to meet key climate, biodiversity and land degradation goals, a United Nations...
- The UNEP report said that investments for nature-based solutions must increase to US$384 billion per year by 2025.
- By 2030 finance flows of $484 billion a year will be required for nature-based solutions.
Geostrategy
EU uncovers US$2.3-billion cross-border tax fraud
The EU announced the discovery of a sophisticated US$2.3-billion VAT tax fraud that triggered raids in 14 countries, including France,...
- Prosecutors uncovered a network of "criminal activities" operating in almost all 27 EU member states.
- These activities also operated in Albania, Britain, China, Mauritius, Serbia, Singapore, Switzerland, Turkey, the United Arab Emirates and the United States.
Geostrategy
‘Russian targeting of Ukraine energy is war crime’
BERLIN, GERMANY - Russian missile strikes on energy infrastructure in Ukraine constituted a "war crime", German Justice Minister Marco Buschmann...
- A Russian campaign of missile strikes has severely damaged Ukraine's energy infrastructure.
- The members of the G7 group of industrial democracies had to cooperate to combat war crimes.
Science
All regions experienced water extremes in 2021, says UN
GENEVA, SWITZERLAND - All regions of the world saw water extremes last year - both floods and droughts - and...
- Large areas of the planet recorded drier than normal conditions in 2021, the UN's World Meteorological Organization said.
- Some 3.6 billion people face inadequate access to freshwater at least one month per year.
Science
In Hawaii world’s largest volcano erupts for first time in decades
Hawaii's Mauna Loa, the largest active volcano in the world, has erupted for the first time in nearly 40 years,...
- Mauna Loa has been showing signs of building to an eruption for years, according to the USGS.
- The USGS which said the ongoing eruption was visible from Kona, a town on the west coast of Hawaii's main island some 72 kilometers from the volcano.
Business
Abu Dhabi Airports announces 4.7m passenger traffic in Q3 2022
ABU DHABI, UAE - Abu Dhabi Airports Monday said that in Q3 2022 passenger traffic totaled 4.7 million passengers, a...
- Abu Dhabi International Airport handled 144,083 tonnes of air freight in Q3 2022.
- Third-quarter statistics confirm that 49,046 Air Traffic Movements (ATMs) were recorded across the five airports.
Geostrategy
Jordan to receive $845 million in aid from the US
The United States will provide Jordan with over US$845 million in annual financial support, officials in Amman said as the...
- The Hashemite kingdom is a key Western ally in the Middle East.
- In September, the US committed to providing Jordan with $10.15 billion in aid between 2023 and 2029.
Arts & Culture
Lewandowski breaks World Cup duck as Poland beat Saudi Arabia
DOHA, QATAR - Robert Lewandowski scored the first World Cup goal of his prolific career on Saturday when he netted...
- Poland are a point ahead of Saudi Arabia thanks also to Piotr Zielinski's roofed finish and an incredible double save from Wojciech Szczesny after Salem Al-Dawsari's penalty.
- Herve Renard's Saudi team could still be second in the group come the end of the day as they are two points ahead of Mexico and three in front of Argentina.
Business
Nestle pours $1.8 bn in S Arabia
Firm said this will help bolster its presence in kingdom.
- Nestle's announcement is likely to be a major boost to Saudi Arabia as the kingdom pushes to attract greater foreign investment.
- Nestle will build a new factory, due to open in 2025 that will produce infant nutrition products and ready-to-drink coffee.
Economy
Air pollution killed 238,000 Europeans prematurely in 2020: EEA
Across the 27-nation bloc that year, "exposure to concentrations of fine particulate matter above the 2021 World Health Organization guideline...
- Fine particulate matter, or PM2.5 travel deep into the respiratory tract, worsening the risk of bronchitis, asthma and lung disease
- The EU wants to slash premature deaths related to fine particulate matter pollution by 55 percent in 2030 compared to 2005 levels
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
Company News
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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...
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...
Business
Dubai Future Forum calls for creation of global framework
DUBAI, UAE: Governments and the United Nations should create an internationally adopted framework specifically designed to help solve global challenges,...
Geostrategy
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Business
EDB commits US$350m for renewable energy projects in developing countries
ABU DHABI, UAE - Emirates Development Bank (EDB) has committed US$350 million (AED 1.3 billion) to support the Energy Transition Accelerator...
- The ETAF platform is a global climate finance facility established by the International Renewable Energy Agency (IRENA).
- The announcement was made during the signing of a collaborative partnership agreement between EDB and IRENA.
Geostrategy
Hamas frees more captives in Gaza as truce extension mooted
Hamas released a third group of hostages including a four-year-old American girl with more Palestinian prisoners set to be freed...
- The exchanges under a four-day ceasefire that started Friday have been the first relief for captives' families.
- United States President Joe Biden announced that the 13 released included a four-year old American girl..
Geostrategy
Every industry should be held accountable on climate, says COP28 president
Paris, France - The president of a pivotal UN climate summit defended on Saturday the large presence of industry representatives at...
- "Everyone needs to be part of this process and everyone needs to be held responsible and everyone needs to be held accountable," COP28 president Sultan Al Jaber said
- "That includes all industries and in particular heavy emitting industries like aviation, transportation, aluminum, cement, steel, as well as the oil and gas industry," he added