World resource extraction could surge 60 percent by 2060, UN warns
Paris, France - Extraction of Earth's natural resources could surge 60 percent by 2060, imperiling climate goals and economic prosperity, the...
Economy
Renault Scenic model wins Car of the Year at Geneva auto show
Renault unveiled a new electric vehicle and its Scenic model won the Car of the Year award at the first...
Business
Geostrategy
Outgoing UN rights chief urges Putin to stop attack on Ukraine
Bachelet, who steps down at the end of the month, marked the six months since the February 24 Russian invasion...
- Bachelet urged Moscow and Kyiv to respect international human rights and humanitarian law at all times.
- "The fighting continues, amid almost unthinkable risks posed to civilians and the environment as hostilities are conducted close to the Zaporizhzhia nuclear power plant," she said.
Geostrategy
EU says Iran nuclear deal meeting likely this week
A meeting on resurrecting the Iran nuclear deal could be held 'this week' after Tehran submitted its response to an...
- Earlier this month, after more than a year of talks, the EU submitted what it called a "final" text.
- The document aims at fully restoring the nuclear deal by bringing the United States back into it, after then-president Donald Trump had Washington withdraw in 2018.
Geostrategy
Russian agricultural products embargo to cause food crisis, says UN
Russian fertilizers and agricultural products must be able to reach world markets "unimpeded" or a global food crisis could strike...
- UN said it is important that all governments and the private sector cooperate to bring Russian agricultural products to market
- The UN chief vowed that his organization would try to "step up" grain exports from Ukraine before the onset of winter
Geostrategy
Erdogan supports Ukraine, warns of ‘another Chernobyl’
The Turkish leader met his Ukrainian counterpart Volodymyr Zelensky in Lviv just two weeks after flying to Sochi for talks...
- Erdogan said that NATO member Turkey remained firmly on Ukraine's side in the conflict.
- His talks with Zelensky and visiting UN chief Antonio Guterres came with global alarm rising about fighting that has raged around Ukraine's Zaporizhzhia nuclear power plant.
Economy
UAE scores high in 11 best expatriate destination parameters: Survey
The UAE has exceeded international figures in 11 indexes on the best expatriate destinations based on various factors, which include...
- German research firm InterNations said UAE achieved advanced positions in four key pillars and 11 indexes, out of five pillars and 17 indexes.
- About 94 percent of those surveyed felt safe in the UAE while the global rate was under 81 percent.
Geostrategy
US, Russia explore prisoner swap including arms dealer, athlete
Last weekend Bill Richardson, a former US ambassador to the UN who has negotiated the release of several Americans held...
- 31-year-old Brittney Griner was in Russia to play for a basketball team during her off-season, when she was charged with smuggling narcotics
- Viktor Bout was arrested in Thailand in 2008 and extradited to US, where in 2012 he was sentenced to 25 years prison on charges of arming rebels
Geostrategy
Russia, Ukraine blame each other for striking N-plant
Kyiv and Moscow accused each other on Saturday of striking the Zaporizhzhia nuclear plant in southeastern Ukraine, which has been...
- The plant Zaporizhzhia is under Russian control since March, with Ukraine accusing Moscow of basing hundreds of soldiers and storing arms there.
- Kyiv and Moscow have traded several accusations over multiple rounds of shelling on the plant this month, raising fears of a nuclear catastrophe
Economy
Saudi Arabia allows holders of all types of visas to perform Umrah
The ministry stated that those who qualify to perform Umrah also include holders of US, UK and Schengen visas
- The ministry stated that those who qualify to perform Umrah also include holders of US, UK and Schengen visas.
- The system allows people to obtain a tourist visa, valid for a period of 12 months, upon arrival at one of the Saudi airports
Geostrategy
UN rights chief calls killing of Palestinian children ‘unconscionable’
Of the 360 Palestinians reported injured, nearly two-thirds were civilians, including 151 children, 58 women and 19 older people, OHCHR...
- "Inflicting hurt on any child during the course of conflict is deeply disturbing," said Michelle Bachelet, the UN high commissioner for human rights.
- Her office said that 19 Palestinian children had been killed in the Palestinian territories in the recent unrest, taking the total number this year to 37.
Economy
Global stock markets retreat on eve of US inflation data
If the official consumer price data Wednesday come in above analysts' forecasts, the markets could see a sharp sell-off, analysts...
- Federal Reserve officials in recent days have stressed that more hikes are coming to tame soaring inflation
- Oil prices reversed some of the prior day's gains and remain around six-month lows as recession fears mount
World resource extraction could surge 60 percent by 2060, UN warns
Paris, France - Extraction of Earth's natural resources could surge 60 percent by 2060, imperiling climate goals and economic prosperity, the...
Economy
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PIF announces pricing of inaugural $3.5bn global sukuk issue
RIYADH, SAUDI ARABIA - The Public Investment Fund (PIF) on Thursday successfully priced its first dollar-denominated Shariah-compliant trust certificates (sukuk).The...
Business
Emirati investments in Turkey reach $5.6 billion in 2022
ABU DHABI, UAE – Ahmet Burak Daglioglu, Head of the Investment Office of the Turkish Presidency, said that the cumulative...
Business
Markets fall as Biden set for Middle East diplomacy drive
US and European stock markets mostly fell and oil prices rose as US President Joe Biden prepared for a trip...
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Geostrategy
Egypt, Israel to allow US citizens to leave Gaza via Rafah crossing
Riyadh, Saudi Arabia - Egypt and Israel have agreed to let US citizens leave the Gaza Strip through the Rafah crossing...
- The official said that 500-600 US citizens in the Gaza Strip had reached out for information on leaving the hemmed in territory.
- US officials earlier had voiced interest in letting people flee to Egypt but backtracked after seeing limited support in the region.
Geostrategy
IMF agrees on rise in funding, extra Africa board seat
The IMF announced member nations agreed to increase their contributions to the global lender and give sub-Saharan Africa a third...
- The quotas, which are based on the size of a country's economy, determine how much funding a nation should provide to the IMF.
- IMF chief Kristalina Georgieva and World Bank President Ajay Banga used this week's meetings to urge members to step up funding.
Iran says US ‘can not renege’ on deal to transfer $6bn via Qatar
Tehran, Iran-- Iran said the United States "can not renege" on an agreement to transfer $6 billion in frozen funds through...
- Tehran has come under intense scrutiny since Hamas stormed across Israel's border.
- Iran has insisted it was not involved, but celebrated the Hamas attack as a "success".