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
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
Geostrategy
Senior officer among five Yemen soldiers killed as bomb explodes in Aden
Some 80 percent of Yemen's population of about 30 million people depends on aid for survival, after years of a...
- The bomb attack came just days before the seventh anniversary on March 26 of the start of a Saudi-led military coalition's intervention.
- Aden, which is also home to a separatist movement, has been the target of several attacks claimed by the Islamic State group.
Geostrategy
UN agency to spearhead early warning plan covering every person on earth
“Early warnings and action save lives,” UN Secretary-General António Guterres said in a video message during a ceremony marking the...
- The agency will lead the effort and present an action plan in November at this year’s UN climate conference (COP 27) in Egypt.
- The new plan seeks to build on existing WMO activities and partnerships, including with key agencies, countries and groups already active in the field.
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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
Company News
Latest News
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...
Geostrategy
Chinese President Xi Jinping declares biggest-ever Asian Games open
Chinese President Xi Jinping opened the 19th Asian Games in a colourful ceremony in Hangzhou, launching a two-week sporting extravaganza...
Arts & Culture
World must understand AI, curb its risk, says UK Deputy PM
NEW YORK, US - The United Kingdom will be holding a summit on artificial intelligence (AI) so that nations can...
Science
Most Read
Business
Ajman’s exports rise 19 percent in H1 2023
AJMAN, UAE – The Ajman Chamber of Commerce and Industry (ACCI) has revealed that the volume of exports from the...
- Ajman’s total exports reached US$1.2 billion in H1 2023, compared to US$1.1 billion during the same period in 2022.
- Ships and boats topped the list of exported products, followed by mineral oils, fish and steel products.
Market Report
Stocks fall after Federal Reserve says it may hike interest rates
Global stocks sank after the US Federal Reserve hinted it could hike interest rates again this year to tame inflation...
- In a move dubbed a "hawkish hold" by analysts, the Fed held borrowing costs but indicated another hike is likely in 2023 to tackle US inflation.
- Sweden's Riksbank and Norway's Norges Bank each raised their key interest rates by a quarter-point.
Geostrategy
Biden pledges to extract ‘costs’ from Iran despite prisoner swap
NEW YORK, US- President Joe Biden said the United States would keep piling "costs" on Iran despite a prisoner swap deal...
- Biden confirmed that he was imposing new sanctions on Iran's intelligence ministry and former president Mahmoud Ahmadinejad.
- His statement did not mention the granting of clemency to five Iranians jailed or awaiting trial for non-violent crimes.