Iran-EU trade surpasses US$5bn in 2023, says Eurostat
TEHRAN, IRAN - The Statistical Office of the European Union (Eurostat) reported that Iran and the 27 European Union member...
Business
Roadmap out for environmental education, sustainable development at WEEC2024
ABU DHABI, UAE - The Abu Dhabi Roadmap, a high-level plan outlining global recommendations to bolster Environmental Education (EE) and...
Geostrategy
Kim Jong Un vows to make North Korea an ‘overwhelming’ military nation
Analysts say the successful launch of a missile may have emboldened Kim's confidence that his country is on the right...
- Kim's comments follow Pyongyang successfully carrying out the nation's biggest missile launch on Thursday.
- Known as the Hwasong-17, the powerful ICBM was first unveiled in October 2020 and dubbed a "monster missile".
Geostrategy
Turkey spots another mine floating off its coast
Turkey on Monday said a second mine which could have come from Ukraine was discovered off its coast near Bulgaria,...
- Turkish defense ministry tweeted that "A mine was detected off Igneada near the Bulgarian border" on the Black Sea
- A first mine was found on Saturday and defused by the Turkish navy, after a fisherman had reported seeing it
Geostrategy
Yair Lapid says Iran wary of Israel’s alliance with Arab states
The deepening alliance between Israel and several Arab states "intimidates and deters" Iran, Israel's Foreign Minister Yair Lapid said Monday...
- The minister made the comments alongside the top diplomats of the US as well as the United Arab Emirates, Morocco and Bahrain
- UAE, Morocco and Bahrain formed ties with Israel under two different agreements brokered by former US President Donald Trump
Geostrategy
UAE finance ministry to organize dialogue sessions WGS 2022
UAE’s Ministry of Finance will organize a series of specialized dialogue sessions on the sidelines of the World Government Summit...
- This year’s summit themed ‘Shaping the Future of Governments’ will be held on March 29 and 30, coinciding with the closing of Expo 2020 Dubai.
- The summit will also launch 20 in-depth knowledge reports that outline key topics on global governments’ agendas in cooperation with prominent global research institutions.
Geostrategy
Qatar signs Global Methane Pledge, to lower emissions by 30 percent
Rapidly reducing methane emissions is the most effective strategy to limit global warming in the near term and keep 1.5...
- A total of 111 country endorsements have now signed the Global Methane Pledge.
- The signatories represent 70 percent of the global economy and nearly half of global anthropogenic methane emissions.
Economy
New world order? Pandemic and war rattle globalization
According to a professor at Ghent Institute, the pandemic did not bring radical changes in terms of reshoring but the...
- The Ukraine crisis has highlighted Europe's and especially Germany's heavy dependence on gas supplies from Russia
- The US warned China that if it provided material support to Russia against Ukraine, it would would face 'consequences'
Geostrategy
US steps up pressure as Russia continues Ukraine attack
In an impassioned speech from the Royal Castle in Warsaw, delivered after meeting top Ukrainian ministers in Poland and earlier...
- Russian President Vladimir Putin sent troops into Ukraine on February 24 in what he called was a ‘special military operation’
- But his army has made little progress on capturing key cities, and it has hit hospitals, residential buildings, and schools
Geostrategy
US indicts 4 Russians who targeted energy sector, including Saudi facility
The Russian hackers tried their exploits on thousands of computers at hundreds of companies in 135 countries between 2012 and...
- The hackers were employed by a Russian Ministry of Defense research institute and Russia's Federal Security Service
- The four Russians were the subject of two separate indictments, both predating the Russian invasion of Ukraine
Geostrategy
Blinken to travel to Israel, West Bank, Morocco, Algeria
US Secretary of State Antony Blinken will travel to Israel, the West Bank, Morocco, and Algeria over March 26-30 to...
- Blinken will meet separately Israeli Prime Minister Naftali Bennett and Palestinian president Mahmoud Abbas in Ramallah
- While in Morocco, he will meet Abu Dhabi Crown Prince Mohammed bin Zayed, besides other regional politicians
Analysis
Why GCC should heed Fed rate changes
Four Gulf Arab central banks followed in the footsteps of the US Federal Reserve and raised interest rates by a...
- Any increase in US interest rates affects dollar-pegged countries, including the Gulf countries
- Four Gulf Arab central banks raised interest rates by a quarter percentage point, for the first time since 2018
Iran-EU trade surpasses US$5bn in 2023, says Eurostat
TEHRAN, IRAN - The Statistical Office of the European Union (Eurostat) reported that Iran and the 27 European Union member...
Business
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Ant Group to buyback shares
Business
EU chief wants global experts panel to confront AI challenges
Von der Leyen said the proposed AI group should be similar to the UN's IPCC panel, whose reports establish scientific...
Geostrategy
Normalization of Israeli-Saudi ties hit Palestine, security barriers
Despite Israel's strong determination and increasing US mediation efforts, the establishment of diplomatic relations between Tel Aviv-Riyadh still face serious...
Geostrategy
WFP warns fund cuts could push 24m people to brink of starvation
Geneva, Switzerland - The World Food Program said Tuesday that shrinking funding was forcing it to drastically slash rations in many...
Geostrategy
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Business
ENEC inks MoU with OSGE
Aim is to help in decarbonization of the Polish power sector.
- One of the aims of the agreement is exploring opportunities to invest in Small Modular Reactors.
- Nuclear energy is recognised by both the UAE and Poland as an essential clean energy resource.
Geostrategy
IsDB to finance projects worth US$800m in member states
JEDDAH, SAUDI ARABIA - The Board of Executive Directors (BED) of the Islamic Development Bank (IsDB) approved to finance projects...
- The aid will contribute to ameliorate the socio-economic challenges faced by the people and will help in achieving significant SDG targets.
- IsDB had made an emergency intervention to support the communities affected by the conflict in Sudan.
Geostrategy
Countries must cooperate to battle sandstorm threat, say UN, Iran
Countries in the Middle East, Africa and Asia must work together to combat sand and dust storms made increasingly severe...
- According to meteorologists, sand and dust storms are expected to increase in countries most vulnerable to climate change.
- Iran, co-organizer of the two-day gathering, is one country where such storms are increasingly numerous.