Iran says no plan for new US nuclear talks, plays down impact of strikes
Iran's Foreign Minister Abbas Araghchi shut down what he said was "speculation" that Tehran would come to the table and...
UN says 70% chance that 2025-2029 average global warming will exceed 1.5C threshold
The planet is therefore expected to remain at historic levels of warming after the two hottest years ever recorded in...
Science
Business
Yiwu Market of Dubai ready to welcome consumers
Yiwu Market of Dubai, the first smart free zone market in the region, will open tomorrow, aiming to revolutionize the...
- Yiwu Market is the first phase of the Dubai Traders Market in the Jebel Ali Free Zone (Jafza)
- The market comprises 324 warehouses spread across two floors
Geostrategy
G7 meet: World powers ban gold exports from Russia
US President Joe Biden and his counterparts from the world's most industrialized nations are gathering at Elmau Castle in the...
- They will seek to close ranks in their backing for Ukraine against Russia's invasion while grappling with the intensifying global fallout of the war.
- From soaring inflation to a looming food crisis and energy shortages, Russia's invasion of Ukraine, now in its fifth month, has mired the world in a series of crises.
Business
Oil prices and equities climb up as rate-hike worries taper off
Global stock markets and oil prices jumped higher on Friday following recent heavy losses as the weakening economic outlook moderates...
- The broad-based S&P 500 added 3.1 percent to stand at 3,911.74 at the end of Friday's session, up almost 6.5 percent for the week
- The recoveries come after global markets have been thrown into turmoil for months owing to soaring inflation, interest-rate hikes, the Ukraine war and China lockdowns
Economy
Gazelles in Iraq die of hunger
Gazelles at an Iraqi wildlife reserve are dropping dead from hunger, making them the latest victims in a country where...
- In little over one month, the slender-horned gazelle population at the Sawa reserve in southern Iraq has plunged from 148 to 87
- Iraq's finances are under pressure after decades of war in a poverty-stricken country needing agricultural and other infrastructure upgrades
Economy
Hunger crisis could swell already record global displacement: UN
Russia's war in Ukraine has pushed global displacement numbers above 100 million for the first time, and the UN warns...
- Russia's full-scale invasion of Ukraine, traditionally a breadbasket to the world, has sparked dramatic grain and fertilizer shortages
- The UN agency found that at the end of 2021, a record 27.1 million people were living as refugees, while the number of asylum seekers rose 11 percent to 4.6 million
Business
UAE and Uzbekistan extend strategic partnership for three years
The UAE and Uzbekistan have pushed for a new phase of their strategic partnership for government modernization to promote the...
- Areas of cooperation in the strategic partnership agreement have been updated to include the financial sector, education sector, economy, government leadership, and food security
- The expanded strategic partnership signed by the UAE and Uzbekistan covers 27 sectors, involving initiatives in government modernization to benefit from the UAE’s experience
Business
US President says ExxonMobil ‘made more money than God’
President Joe Biden on Friday slammed ExxonMobil for not producing more oil, as soaring gas prices deplete Americans' wallets and...
- ExxonMobil reported massive profits in the first three months of the year despite lower oil and natural gas volumes
- Energy has soared 34.6 percent over the past year, and fuel oil costs more than doubled, jumping 106.7 percent
Opinion
Shared values take UAE-Germany ties to a new level
"We are forging the links that will strengthen our shared interests and values to confront the challenges head-on. As Germany...
- The UAE and Germany are clear-eyed about the challenges they will face in the next 50, says UAE's Foreign Minister Sheikh Abdullah bin Zayed Al Nahyan.
- As Germany pursues its policy of 'Zeitenwende' that will usher in a new era of foreign policy, finance, and energy, it will find in the UAE a true and reliable partner, he adds.
Economy
Arab Tourism Organization, UNWTO sign memo to promote tourism
UNWTO Secretary Pololikashvili and ATO Secretary Fathi signed the memo at the 116th UNWTO Executive Council session, held recently in...
- UNWTO Secretary Pololikashvili and ATO Secretary Fathi signed the memo at the 116th UNWTO Executive Council session, held recently in Jeddah
- ATO spokesperson Dr Walid Al-Hinnawi said that the memo aims to develop the corporate and human capabilities and encourage investments
Business
Brothers held in UAE on graft charges face extradition to S.Africa
Two Indian-born brothers who allegedly wove a web of corruption across South Africa have been arrested in Dubai and face...
- Dubai police confirmed the arrest of Atul and Rajesh Gupta after receiving a so-called red notice from Interpol
- They were accused of paying bribes in exchange for massive and lucrative state contracts and influence over ministerial appointments
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Revenue from Saudi cinema may exceed $1bn by 2030KSA, UAE play well as e-gaming trends across GCCExclusive: Middle East’s retail sector rides on AR and hybrid shopping to become $600bn digital economyTECOM Group profit soars 13%UAE startups eye Saudi Arabia for growth, expansionSaudi Arabia leads GCC AI healthcare raceDisparity remains as Saudis, Emiratis see wealth gains
Iran says no plan for new US nuclear talks, plays down impact of strikes
Iran's Foreign Minister Abbas Araghchi shut down what he said was "speculation" that Tehran would come to the table and...
Company News
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Business
Telegram boss Durov free but charged and held in France
Paris, France -- Telegram chief Pavel Durov was spending Thursday out on bail after four days of detention in France, banned...
Geostrategy
Israel agrees ‘humanitarian pauses’ in Gaza to allow polio vaccinations
"The way we discussed and agreed, the campaign will start on the first of September, in central Gaza, for three...
Geostrategy
Investors hold breath as Nvidia earnings loom, stock markets subdued
Paris, France -- US shares fell marginally and European stock markets mostly inched higher Wednesday as investors cautiously awaited the latest...
Business
Most Read
Geostrategy
UAE seeks consular services for arrested Telegram boss
"The UAE is closely following the case of its citizen Pavel Durov, founder of Telegram, who was arrested by the...
- He is accused of failing to curb the spread of illegal content on Telegram, which has more than 900 million users. The company has rejected the accusations.
- Durov set up Telegram after leaving Russia a decade ago, and Forbes magazine estimates his current fortune at $15.5 billion.
Geostrategy
Iraq issues arrest warrants against two persons for ‘heist of the century’
Baghdad, Iraq -- An Iraqi criminal court on Tuesday issued arrest warrants for a businessman and a former government official wanted...
- The scandal, dubbed the "heist of the century", sparked widespread anger in Iraq, which is ravaged by rampant corruption, unemployment and decaying infrastructure.
- The criminal court issued the warrants for businessman Nour Zuhair and Haitham al-Juburi, a former adviser to then prime minister Mustafa al-Kadhemi.
Geostrategy
Egypt says will not accept Israeli force on its Gaza border
Cairo, a key mediator in efforts to secure a ceasefire between Israel and Hamas in Gaza, "reiterated to all parties...
- "Egypt is managing the mediation" between Israel and Palestinian militant group Hamas "in accordance with its national security", the source told Al-Qahera News.
- The negotiations, also mediated by Qatar and the United States, have yielded little hope for a ceasefire, though Washington said Friday that some progress had been made.