UAE to provide US$10m grant to support WTO initiatives, says foreign minister
ABU DHABI, UAE – Emirates Minister of Foreign Affairs Sheikh Abdullah bin Zayed Al Nahyan has announced that the UAE...
Geostrategy
Global operation smashes ‘most harmful cyber crime group’
LONDON, UK - An international operation led by UK and US law enforcement has severely disrupted "the world's most harmful cybercrime...
Geostrategy
Geostrategy
Israel’s government in minority after Arab MP resigns from Knesset
The MP Zoabi said: "Again and again the heads of the coalition have taken hawkish, rigid and right-wing stances regarding...
- Several opposition lawmakers, including Zoabi and members of the Arab Joint List, are bitterly opposed to the current opposition leader.
- Former PM Benjamin Netanyahu --Â in office from 1996 to 1999, and again from 2009 until June 2021 -- is outspoken about his desire to topple the Bennett government.
Business
IMF and Pakistan to discuss release of funds as economy falters
Pakistani Prime Minister Shehbaz Sharif, who took power with a coalition that removed Khan in a no-confidence vote last month,...
- Pakistan has repeatedly sought international support for its economy, which has been hit by crippling national debt
- A six billion dollar IMF bailout package signed by former Prime Minister Imran Khan in 2019 was never fully implemented
Geostrategy
Russia may cut gas supplies to Finland over Ruble payment refusal
Russia may cut gas supplies to Finland soon over the Nordic country's refusal to pay Gazprom in rubles, Finnish state-owned...
- On Sunday, Russia suspended electricity supplies to Finland overnight after its energy firm RAO Nordic claimed payment arrears.
- Moscow has repeatedly warned Finland that any NATO membership application would be "a grave mistake far reaching consequences".
Business
McDonald’s to exit Russian market
The company will sell its business in the increasingly isolated country.
- McDonald's in March closed all of its 850 restaurants in the country, where it employs 62,000 people.
- The company directly manages more than 80 percent of the restaurants bearing its name in Russia.
Geostrategy
Somali MPs vote in prez election as famine threat looms
Somali lawmakers gathered in Mogadishu Sunday to vote in the country's long-overdue presidential election, with 35 candidates vying for the...
- The poll has been dogged by claims of irregularities and is well over a year behind schedule
- The vote is expected to draw a line under a political crisis that has lasted well over a year
Business
G7 criticizes India for its decision to ban wheat export
India, the world's second-largest wheat producer, said that factors including lower wheat production and sharply higher global prices because of...
- India on Saturday banned wheat exports without prior government approval after recent scorching temperatures hit production
- However, exports could also take place if New Delhi approved a request by other governments "to meet their food security needs"
Geostrategy
Finnish President speaks with Putin on NATO membership
Finnish President Sauli Niinisto spoke with his Russian counterpart Vladimir Putin on Saturday regarding the Nordic country's application for NATO...
- The Finnish president and Prime Minister had said on Thursday that they wanted the country to join NATO "without delay"
- Neighboring Sweden, like Finland traditionally neutral, is also expected to announce its own membership bid in coming days
Economy
Russian embargo won’t result in global oil dearth : IEA
The IEA said "steadily rising" output from the United States and Middle Eastern members of the OPEC+ oil cartel will...
- The IEA had previously warned that Moscow's invasion of Ukraine could spark a global supply "shock".
- World oil demand growth, meanwhile, is forecast to slow to 1.9 million barrels per day in the second quarter.
Arts & Culture
Iran archeologists stand against antiquities trade bill
46 out of 290 MPs in Iran proposed the draft law earlier this week, dubbed the "optimal utilization of ancient...
- Iranian lawmakers said they hope to turn Iran into a "regional center" for antiquities trade
- Local media regularly report arrests of individuals accused of smuggling artefacts out of the country
Geostrategy
Iran says EU nuclear coordinator will visit this week
Enrique Mora has played a key role as an intermediary between the United States and Iran during a year of...
- The deal was agreed between Iran and the five permanent UNSC members — China, Russia, the United States, United Kingdom and France — alongside Germany
- But the US unilaterally withdrew in 2018 under then-president Donald Trump and reimposed economic sanctions, prompting Iran to roll back its own commitments
UAE to provide US$10m grant to support WTO initiatives, says foreign minister
ABU DHABI, UAE – Emirates Minister of Foreign Affairs Sheikh Abdullah bin Zayed Al Nahyan has announced that the UAE...
Geostrategy
Company News
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ExxonMobil Q2 profits $7.9bn
Business
PIF sets up tourism firm Asfar
Business
Top army officials from 30 nations review threats in Asia-Pacific
New Delhi, India - Army chiefs and senior officers from 30 countries including the United States met in India on Tuesday...
Geostrategy
Antarctic sea ice hits lowest winter maximum on record, says data
WASHINGTON, US - The sea ice around Antarctica likely had a record low surface area when it was at its maximum...
Science
Rising demand for critical metals pose dilemmas for investors
PARIS, FRANCE - Soaring demand for the raw materials needed for the transition towards renewable energy is creating dilemmas for investors...
Business
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Geostrategy
UAE minister calls for climate action by promoting nature-based solutions
NEW YORK, US – UAE Minister of Climate Change and the Environment Mariam bint Mohammed Almheiri called upon the global...
- The minister made the comments during high-level meetings on the sidelines of the 78th United Nations General Assembly in New York.
- Mariam Almheiri, who is also the COP28 Food Systems Lead, highlighted the prominence placed by the UAE on food and agriculture in COP28 agenda.
Geostrategy
Israel congratulates Saudi Arabia on national day
JERUSALEM - Israel offered its congratulations to Saudi Arabia on the kingdom's national day on Saturday as the two countries...
- "We send our sincere congratulations to the king, government and people of Saudi Arabia on the occasion of the 93rd national day," the Israeli foreign ministry said.
- "May Allah bring you goodness and blessings, security and prosperity with our wishes for an atmosphere of peace, cooperation and good neighborliness," it added in the statement.
Geostrategy
Israeli, Lebanese clash with tear gas on Golan border
JERUSALEM - Israeli and Lebanese troops exchanged tear gas fire on Saturday on a disputed and highly militarised section of...
- The Israeli army said its troops used "riot dispersal means" to turn around a Lebanese earthmover that had strayed into Israeli-held territory.
- The Lebanese army said it was the Israeli "enemy" which had violated the demarcation line and fired smoke bombs at its troops escorting the bulldozer.