Desertification talks open in Saudi Arabia as experts fire warning
UN talks aimed at halting the degradation and desertification of vast swathes of land start in Saudi Arabia. Forest loss...
Okonjo-Iweala’s second term: Trump’s disdain for WTO biggest challenge
Ngozi Okonjo-Iweala, the first woman and the first African to head the WTO, is the only candidate in the race,...
Geostrategy
Business
Israel okays UAE joint fund for high-tech investment
The Israel government has approved the plan for a joint fund with the UAE for investment in high-tech firms and...
- The proposal was brought to the government by Israel’s Minister of Foreign Affairs of the State Yair Lapid
- It was co-sponsored by the country’s Minister of Foreign Affairs of the State Orit Farkash Hacohen
Geostrategy
UAE and UN commit to achieve Sustainable Development Goals
The UAE and the UN have committed to further enhance collective international action to achieve the UN Sustainable Development Goals.
- The resolve was expressed in a meeting between Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs, and Amina Mohammed, Deputy Secretary-General of the UN
- The two sides also reviewed Expo 2020 Dubai's hosting of the Global Goals Week in cooperation with the UN
Economy
Students struggle as Lebanon crisis cripples university sector
University expenses are now beyond the reach of most Lebanese students, with their country in the throes of a financial,...
- University expenses are now beyond the reach of most Lebanese students, with their country in the throes of a financial, political and health crisis that has ravaged its economy
- The national currency has lost more than 95 percent of its value on the black market, and the minimum wage of 675,000 pounds is worth little more than $20
Mohammed bin Rashid oversees swearing-in of judges
Sheikh Mohammed bin Rashid Al Maktoum, ruler of Dubai and Vice President and Prime Minister of the UAE, has presided...
- The ceremony saw five first instance court judges and judicial inspectors taking the oath
- Also attending were Lt. General Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Interior, Sheikh Ahmed bin Saeed Al Maktoum, Chairman ofCivil Aviation
Business
DEWA presses into service 1310 power stations in Dubai
Dubai Electricity and Water Authority (DEWA) has pressed into service 1,310 new 11 kv power distribution stations across Dubai in...
- This is part of its efforts to provide a state-of-the-art infrastructure that keeps pace with growing demand and meets customer needs
- DEWA continues its efforts to conduct its work according to set plans, while implementing all the precautionary measures to limit the spread of COVID-19
Economy
Saudi foreign currency reserves take a 2% dip in December
Foreign currency reserves of Saudi Arabia dipped nearly two percent in December, according to preliminary data shared by the Saudi...
- Foreign currency reserves declined to SR1.61 trillion ($429.5 billion) from SR1.64 trillion in November
- The preliminary release does not provide any further breakdown of total foreign currency reserves
Science
UAE hosts a conference of Arab ministers of higher education
The UAE is hosting the 19th Conference of Arab Ministers of Higher Education and Scientific Research, which is organized by...
- The conference aims to enhance Arab cooperation in the field of higher education and scientific research, to achieve development, progress and sustainability of knowledge
- Dr. Hamad Al Yahyai, Assistant Undersecretary of Curriculum and Assessment Sector at the Ministry of Education, stressed that hosting the 19th conference enhances the UAE’s stature
Business
OPEC names Kuwaiti Haitham al-Ghais as next secretary general
Al-Ghais, who was Kuwait's OPEC governor from 2017 to June 2021, serves as a deputy managing director of the Kuwait...
- OPEC said that al-Ghais was appointed by acclamation and will take up his three-year post on August 1.
- He will replace Nigeria's Mohammed Barkindo, who took over the helm of the organization in 2016 and led it for two terms.
Geostrategy
Baghdad candle vigil honours slain Iran general, Iraqi deputy
On Sunday evening, hundreds of supporters of Hashed al-Shaabi, an Iran-aligned group, gathered at the site, to pay tribute to...
- On Sunday evening, hundreds of supporters of Hashed al-Shaabi, an Iran-aligned group, gathered at the site, to pay tribute to the slain men
- The night-time strike, ordered by then US president Donald Trump, hit a car in which Soleimani and Muhandis were travelling on the edge of the airport
Business
Tesla recalls 700,000 vehicles
Around 200,000 were recalled in China, after 500,000 in the US.
- The vehicles recalled are Model S and Model 3 cars, with Tesla promising to inspect the issue free of charge
- The defects affect the vehicles' backup cameras or cause the hoods to open suddenly while driving
Desertification talks open in Saudi Arabia as experts fire warning
UN talks aimed at halting the degradation and desertification of vast swathes of land start in Saudi Arabia. Forest loss...
Company News
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UAE president on state visit to S Korea, meets top business chiefs
President Sheikh Mohamed bin Zayed Al Nahyan is the first sitting UAE president to make a state visit to Asia's fourth-largest...
Business
Saudi PIF launches Neo Space Group to boost space industry
Riyadh, Saudi Arabia -- Saudi Arabia's Public Investment Fund (PIF)on Monday launched the Neo Space Group to work on the kingdom's...
Business
UAE tax authority issues corporate tax guide for free-zone persons
Abu Dhabi, UAE -- The Federal Tax Authority (FTA) has issued a guide outlining the application of Corporate Tax to...
Business
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Geostrategy
International Court of Justice orders Israel to halt Rafah offensive
The International Court of Justice also demanded the immediate release of all hostages still held by Palestinian militants, hours after...
- "The court finds it deeply troubling that many of these hostages remain in captivity and reiterates its call for their immediate and unconditional release," it said.
- Hamas gave a qualified welcome to the ruling, regretting only that it applied solely to Rafah and not the whole Gaza Strip.
Geostrategy
Medic says Gaza hospital under Israeli siege for fifth day
Soldiers are present in the hospital's courtyard and in nearby houses," said hospital's acting director, Dr Mohammad Saleh, adding that...
- "The hospital was stormed and staff were forced to leave. At the moment I have only 13 staff, 11 patients and two women accompanying wounded children," Saleh said.
- WHO chief Tedros Adhanom Ghebreyesus said on social media platform X that 140 staff, patients and accompanying adults were inside the hospital when troops stormed it.
Economy
One out of three Lebanese poverty-stricken: World Bank
Beirut, Lebanon -- A third of Lebanese people are impoverished with poverty rates tripling in a decade, the World Bank said...
- The poverty rate reached as high as 70 percent in the northern region of Akkar which borders Syria.
- The poor were also "nearly four times as likely to have an adult member restrict their food intake to feed their children," the WB report said.