Hamas team heads to Cairo for new truce talks
Palestinian Territories - A Hamas delegation was expected to fly to Cairo on Saturday for talks on a truce in...
Geostrategy
Energy-related global CO2 emissions hit record levels in 2023, says IEA
PARIS, FRANCE – Energy-related carbon dioxide emissions rose to a record level in 2023, but the growth slowed from previous years...
Science
Business
Crypto scams give law enforcement agencies tough time
US federal agencies have often concentrated on headline-grabbing suspects like Heather Morgan, an amateur rapper nicknamed "Razzlekhan" who was charged...
- With Washington and Brussels focused on high-value targets, victims of low-level fraud are often left high and dry
- If decentralized crypto networks revolutionize finance, US politicians would no longer be able to project power in the way they do now with dollar
Geostrategy
EU seeks new sanctions on Iran for drones supply to Russia
The hardening EU stance towards Tehran appeared to bury deeper hopes of reviving a 2015 Iran nuclear deal, which has...
- EU diplomats said there was work under way on Wednesday to draw up a list of Iranian individuals and entities linked to the drones.
- Ukraine has for weeks been accusing Iran of supplying Russia with Shahed-136 drones -- unmanned aircraft equipped with a warhead.
Market Report
Markets climb on bright US earnings, UK policy U-turns
Major global equities rose, with sentiment soothed after upbeat US earnings and Britain shredded its controversial budget. Analysts pointed to...
- US industrial production also picked up more than anticipated in September, according to official data.
- On Wall Street, the Dow Jones jumped two percent at the open after a day of strong trading in Asia and Europe, before paring back gains later in the morning.
Geostrategy
UAE, Chile ink pact to exchange knowledge on energy sector
UAE's Ministry of Energy and Infrastructure signed a Memorandum of Understanding with its counterpart in Chile to exchange knowledge and...
- Under the agreement UAE and Chile will exchange information, knowledge and expertise, hold high-level meetings to discuss issues.
- The two sides will organise relevant academic research and enhance their cooperation in clean and renewable energy.
Geostrategy
Oil depot hit and on fire in Russia’s Belgorod, says governor
An oil depot in Russia's Belgorod region bordering Ukraine is on fire after being shelled, the governor said, as strikes...
- One of the shells hit the oil depot in the Belgorod region, regional governor Vyacheslav Gladkov said.
- State-run news agency TASS cited a source in the emergency services saying the burning depot was located in the village of Razumnoye-71
Economy
WFP calls for action to avoid another year of record hunger
UAE Minister of Climate Change and the Environment Mariam bint Mohammed Almheiri said that the crises facing the world today...
- The UAE has launched the Agriculture Innovation Mission for Climate (AIM for Climate) in partnership with the US.
- The objective is to raise investments worth US$8 billion in sustainable and climate-smart agrifood systems based on modern technologies.
Economy
54 poor nations urgently need debt relief: UN
The agency's report, published ahead of meetings of International Monetary Fund, the World Bank, and also of G20 finance ministers...
- The UNDP warned that dozens of developing nations were facing a rapidly deepening debt crisis and that the risks of inaction are dire.
- The UN agency said debt troubles had been brewing in many of the affected countries long before the Covid-19 pandemic hit
Economy
Oxfam says world failing to address ‘dangerous’ inequality
The UN and Oxfam have previously decried the unequal distribution of vaccines from richer Western countries to lower-income ones, particularly...
- Oxfam also found that two-thirds of countries failed to increase their minimum wage in line with gross domestic product
- It delivered a withering criticism of most nations, arguing that the pandemic should have been a "wake-up call" to act on poverty in general
Interview
Sustainability key focus of GCC automotive industry
Current trends in the automotive sector such as zero-emission vehicles and carbon-neutral manufacturing demonstrate the growing importance of sustainability, says...
- BMW Group is placing sustainability at the center of their strategic direction across all divisions, says a key BMW Group Middle East official
- By 2030, BMW will release around 10 million fully electric vehicles onto the roads, adds Hamid Haqparwar, Managing Director at BMW Group Middle East
Science
‘Heatwave to make human life unsustainable in certain areas’
GENEVA, SWITZERLAND - Heatwaves will become so extreme in certain regions of the world within decades that human life there...
- Heatwaves are predicted to "exceed human physiological and social limits" in the Sahel, the Horn of Africa and south and southwest Asia.
- "There are clear limits beyond which people exposed to extreme heat and humidity cannot survive," a report by the UN and Red Cross said.
Hamas team heads to Cairo for new truce talks
Palestinian Territories - A Hamas delegation was expected to fly to Cairo on Saturday for talks on a truce in...
Geostrategy
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ENEC inks MoU with OSGE
Business
$10 trn of ‘hidden costs’ on food and agriculture system per year, says UN
Paris, France - The food and agriculture system adds at least $10 trillion in "hidden costs" to the global economy every...
Economy
Russia calls for collective action to end fighting between Israel, Hamas
Russia called for "collective action" to end fighting between Israel and Hamas, including an international conference, almost a month into...
Geostrategy
Arab ministers meet in Jordan, seek resolution to Gaza conflict
AMMAN, JORDAN – Foreign ministers from key Arab nations – including Saudi Arabia, the United Arab Emirates, Egypt, Qatar, and...
Geostrategy
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Science
Global energy meet discusses way forward to net-zero emissions
VIENNA, AUSTRIA – High-level representatives from the member states of the United Nations Industrial Development Organization (UNIDO), international organizations, experts...
- The two-day forum showcased innovative technologies and transformative solutions to accelerate low-emission, climate-resilient development.
- The international event aimed to foster new partnerships to scale up investments and technology transfer to developing countries.
Geostrategy
UN rights body head criticizes rising hate sparked by Israel-Hamas war
The UN human rights chief said that he was absolutely "disgusted" by the "sharp rise in hatred globally" since the...
- "The impact of this crisis... has sent shockwaves across every region, dehumanising both Palestinians and Jews," the UN rights chief said.
- The world has witnessed a sharp spike in hate speech, violence and discrimination, deepening social fractures and polarization, he said.
Geostrategy
195 die in Israel strikes on Gaza camp, hundreds wounded
The Hamas government in Gaza said that 195 people had been killed in Israeli strikes this week on Jabalia refugee...
- Ambulances were set to rush several dozen patients to Egyptian hospitals, and about 400 foreigners or dual nationals were expected to escape.
- Egypt said that eventually it hoped to help evacuate 7,000 foreigners from over 60 countries from the densely crowded territory of 2.4 million people.