EU queries Meta about ad-free subscriptions, shadow banning
BRUSSELS, BELGIUM - The EU on Friday used new regulatory powers to query Meta about ad-free subscriptions to Facebook and Instagram as...
Business
WTO ministers struggle to forge deals as talks go into overtime
ABU DHABI, UAE – World trade ministers were locked in disagreement Thursday on fisheries subsidies, agriculture and digital customs duties as...
Geostrategy
Geostrategy
UAE says global pacts can help face labor related challenges
The UAE highlighted the significance of complying with international work standards and developing partnerships that empower countries to overcome the...
- The UAE said that it is important to guarantee the rights of employers and employees.
- Global cooperation would help in reducing inequality and discrimination that employees may be exposed to.
Business
ISO Annual Meeting 2022 to begin Monday in UAE, trade on agenda
The International Organization for Standardization (ISO) Annual Meeting 2022 starts Monday at the ADNOC Business Center in UAE's Abu Dhabi.
- Hosted by UAE Ministry of Industry and Advanced Technology (MoIAT), the ISO Annual Meeting 2022 runs from September 19 to 23.
- The event will witness the participation of over 2,000 delegates physically and virtually.
Geostrategy
Activists thwarts offloading of Russian gas in Finland
HELSINKI, FINLAND - Activists from environmental group Greenpeace blocked a shipment of Russian gas from unloading at a liquefied natural...
- The activists demanded Helsinki stop importing Russian gas after Russia's President Vladimir Putin invaded Ukraine more than six months ago.
- The director for the terminal's operator, Manga LNG, Mika Kolehmainen, said the action took place around 7:00 am (0400 GMT) at Tornio port.
Business
Jebel Ali Free Zone propels automotive markets growth
Jebel Ali Free Zone (Jafza), facilitated over 1.2 million metric tonnes (MT) from Dubai’s total volume of around 4.8 million...
- Jebel Ali Free Zone (Jafza) logistics infrastructure and global trade network have connected African, Asian and Middle Eastern traders to consumers globally.
- With companies from 70 countries and a workforce of nearly 8,000, Jafza’s infrastructure and trade volumes are an attraction for industry giants.
Geostrategy
World Green Economy Summit to discuss food security
The eighth World Green Economy Summit (WGES) will explore ways to improve global food security, sustainability of the food systems...
- WGES brings together global decision-makers and influencers to share their experiences to mitigate global food crises.
- The UAE plays a crucial role in addressing the issues relating to global food security.
Market Report
Stocks mostly slide; pound hits 37-year dollar low
Stock markets mostly slumped Friday, while the British pound tanked to a 37-year dollar low as weak UK retail sales...
- Sales by volume dived 1.6 percent in UK last month, more than triple expectations.
- Sterling has hit a series of 1985 lows in recent weeks, also as the US Federal Reserve implements aggressive hikes interest rate hikes.
Geostrategy
UAE participates in G20 Finance Track’s Infrastructure meeting
UAE Ministry of Finance (MoF) participated in G20 Finance Track’s fourth and last Infrastructure Working Group (IWG) meeting for 2022...
- The members of the Infrastructure Working Group deliberated the progress made on scaling up sustainable infrastructure investments.
- The IWG also discussed means of promoting private sector investment in sustainable infrastructure.
Geostrategy
India to invite UAE as ‘guest country’ at G-20 Summit
India, the incoming President of the Group of Twenty (G-20) announced that it will invite the UAE as one of...
- The G-20 accounts for 85 percent of global GDP, 75 percent of international trade and two-thirds of the world population.
- This is the first of a series of announcements being made by India preparatory to its assumption of the G-20 Presidency on December 1, 2022.
Arts & Culture
The ‘majestic’ Singapore orchid named in honor of Queen Elizabeth
After Queen Elizabeth II's death last week, the city-state's Botanic Gardens loaned a towering sprig of Dendrobium Elizabeth to the...
- After Queen Elizabeth II's death last week, the city-state's Botanic Gardens loaned a towering sprig of Dendrobium Elizabeth to the British high commissioner's residence
- The orchid hybrid, with twisted Dresden-yellow petals and a uranium-green lip, was named in honor of the queen when she visited Singapore in 1972
Geostrategy
UN urges EU against fossil fuels in energy crisis
The UN urged EU countries on Monday to continue battling climate change and not resort to more fossil fuels in...
- Moscow's invasion of Ukraine has seen the price of natural gas hit record levels, throwing the European Union economy into deep uncertainty.
- Before the war, 40 percent of the EU's gas imports came from Russia.
EU queries Meta about ad-free subscriptions, shadow banning
BRUSSELS, BELGIUM - The EU on Friday used new regulatory powers to query Meta about ad-free subscriptions to Facebook and Instagram as...
Business
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WTA Finals to be held in Mexico, says sports body
Arts & Culture
NMDC, AD Ports Group ink MoU
The firms will continue to work closely on future global projects.
Business
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,...
Geostrategy
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...
Economy
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Geostrategy
Saudi Arabia selected as member of UN’s AI Advisory Body
New York, United States-- United Nations Secretary-General António Guterres Friday announced the selection of Saudi Arabia to the UN Advisory...
- UN Advisory Body on Artificial Intelligence (AI) consists of 39 members representing government and private and civil-society organizations.
- Shura Council member Dr. Latifa bint Mohammad Al-Abdulkareem will represent the Kingdom at the UN AI Advisory Body.
Geostrategy
India shocked at Qatar death penalty for 8 ex-naval officers
NEW DELHI, INDIA - India said on Thursday that eight of its citizens had been sentenced to death by Qatar in...
- India said it would "take up the verdict with Qatari authorities" and would continue to "extend all consular and legal assistance" to the prisoners.
- “We have initial information that the Court of First Instance of Qatar has today passed a judgement in the case,” India’s foreign ministry said in a statement.
Business
Lebanon national carrier halves flights amid fears of Israel war
BEIRUT, LEBANON - Lebanon's national carrier on Friday said it was cutting more than half of its flights as tensions along...
- Only eight of the Middle East Airlines company’s 22 planes would operate as of next week, with the rest of the fleet relocated to other airports.
- Other airlines, including Swiss International Air Lines and Germany's Lufthansa have already temporarily suspended Beirut flights,