Total value of Saudi Arabia’s export of dates reaches US$389m in 2023
RIYADH, SAUDI ARABIA - According to data released by the National Center for Palms and Dates (NCPD), the value of...
Business
Global criticism of Israel after ‘massacre’ of Gazans lining for food
Global condemnation flowed after Israeli forces in war-ravaged Gaza opened fire as Palestinian civilians scrambled for food aid during a...
Geostrategy
Geostrategy
IAEA asks Russia, Ukraine to secure nuclear plant
The head of the UN atomic energy watchdog - IAEA- said he was ready to continue talks in Ukraine and...
- Fighting around Ukraine's Zaporizhzhia nuclear power plant -- Europe's largest -- has raised fears of a nuclear disaster.
- The IAEA chief said that all efforts must be made in order to prevent a nuclear accident that would add tragedy to the suffering,
Geostrategy
‘Global economy will suffer due to Ukraine war’
The world economy will take a bigger hit than previously forecast next year due to the effects of Russia's war...
- OECD Secretary-General Mathias Cormann said that the world is paying a very heavy price for Russia's aggression against Ukraine.
- Global growth stalled in the Q2 in 2022 and data in many economies now point to an extended period of subdued growth.
Geostrategy
UAE takes part in financial group meeting in Indonesia
The UAE recently participated in the fifth International Financial Architecture (IFA) Working Group meeting within the G20 Finance Track for...
- The meeting discussed issues related to global financial development and stability.
- UAE stressed on the need to work on a comprehensive regulatory framework for central digital currencies.
Geostrategy
UAE delegation attend meetings on sidelines of UNGA session
The UAE delegation attended the sixth day of high-level meetings on the sidelines of the 77th Session of the United...
- The meetings included a ministerial-level interaction with the Non-Aligned Movement.
- It also included meeting with the African Union.
Economy
‘More efforts needed for net zero carbon emissions by 2050’
More efforts are required to make the world reach net zero emissions by mid-century, according to the International Energy Agency's...
- Recent technology developments and policy actions suggest momentum is accelerating in some important regions and sectors to achieve net zero by 2050.
- Initial estimates point to 2022 being a record year for renewable electricity capacity additions, with an increase of about 340 gigawatts.
Geostrategy
Ukraine suffered nearly $1 trillion in losses since Russian invasion
The figure was equivalent to five times Ukraine's annual GDP before the invasion in February, Oleg Ustenko, economic advisor to...
- In terms of "direct and indirect costs" Ukraine had suffered "somewhere close to $1 trillion" in damages, said the official.
- The official previously estimated the damage caused by Russian forces in the first 14 days of war totaled around $100 billion.
Geostrategy
US announces $2.9 billion for resolving global food insecurity
The White House said food supplies are being dangerously disrupted by "the compounding impacts of the pandemic, the deepening climate...
- The White House said food supplies are being dangerously disrupted by "the compounding impacts of the pandemic, the deepening climate crisis, rising energy and fertilizer costs.
- The US aid "builds on the $6.9 billion in US government assistance to support global food security already committed this year," a statement said.
Dozens of pilot whales stranded in Australia, many feared dead
Aerial images showed a devastating scene of dozens of black glossy mammals strewn along a stretch of beach where the...
- Almost two years ago to the day the area was the scene of another mass stranding involving almost 500 pilot whales. Just over 100 survived
- Scientists have suggested they could be caused by pods going off track after feeding too close to shore
Geostrategy
Putin accuses European Union of blocking Russian fertilizer
Putin accused the European Union of blocking 300,000 tons of Russian fertilizer from reaching the world's poorest countries. "Our offer......
- In July, an agreement was signed which allowed Russia to export its agricultural products and fertilizer despite Western sanctions.
- The West imposed a litany of sanctions on Russia after it sent troops into Ukraine on February 24.
Geostrategy
Britain and the world bid adieu to Queen Elizabeth II
Britain said farewell to Queen Elizabeth II at a historic state funeral attended by world leaders, before a ceremonial journey...
- The gun carriage - used at every state funeral since Queen Victoria's in 1901 - was drawn by 142 junior enlisted sailors in the Royal Navy.
- The thousand-year-old church's tenor bell tolled 96 times at one-minute intervals - one for every year of her life - and stopped a minute before the service began.
Total value of Saudi Arabia’s export of dates reaches US$389m in 2023
RIYADH, SAUDI ARABIA - According to data released by the National Center for Palms and Dates (NCPD), the value of...
Business
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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...
Geostrategy
Drought forces Panama Canal operator to cut ship traffic
Panama City, Panama - The operator of the Panama Canal, the passageway for cargo ships between the Atlantic and Pacific oceans,...
Business
Nordic countries announce deal to strengthen repatriation of refugees
COPENHAGEN, DENMARK - Nordic migration and justice ministers on Tuesday announced a deal to strengthen efforts for migrants to return to...
Geostrategy
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COP28 wide open to private sector, says climate talks chief
ABU DHABI, UAE - Upcoming UN climate talks in Dubai will be open to the private sector on an unprecedented scale,...
- Sultan Al Jaber, the COP28 president has consistently tried to frame the climate crisis as an economic opportunity.
- He said about 70 ministers and 100 delegations are attending the two-day talks, more than double the usual number.
Economy
Federal Reserve likely to pause interest rate hikes
The Federal Reserve will likely announce it is holding interest rates at a 22-year high on Wednesday, as it looks...
- Interest rate hikes slow down inflation by raising the cost of borrowing from the bank, which dampens economic activity and weakens the labor market.
- Since peaking at more than seven percent in June last year, inflation as measured by the Fed's favored yardstick has fallen by more than half.
Geostrategy
Iran, Russia to invest $38bn in developing INSTC
TEHRAN, IRAN – The Iranian head of Solyanka Port in Russia said that the International North-South Transport Corridor (INSTC) is a...
- The Iranian head of Solyanka Port spoke of the measures taken by the Islamic Republic of Iran Shipping Line (IRISL ) to develop the INSTC route.
- The IRISL group purchased 30 rail wagons, 5,400 containers and ordered the construction of 21 equipped vessels for strengthening maritime routes.