Move over Mercedes: Chinese cars grab Mexican market share
Mexico City, Mexico -- The growing popularity of Chinese sport utility vehicles and pickup trucks has shaken up Mexico's luxury car...
Business
Pope calls for ‘arms to be silenced’ in Christmas appeal
Rome, Italy -- Pope Francis called Wednesday for "arms to be silenced" around the world in his Christmas address, appealing for...
Geostrategy
Houthis say US ship hit in latest attack, promise safe passage for Russian, Chinese ships
In its own statement, the US military's Central Command, which is responsible for the Middle East, said the Houthis on...
- While the Iran-backed rebels maintained they had struck the commercial vessel in the Gulf of Aden, the US military said the group's missiles had missed their mark
- Continued Houthi aggression against vessels in and around the Red Sea has led to strikes in Yemen by US and British forces
Geostrategy
English player Henderson all set to leave Al-Ettifaq
Riyadh, Saudi Arabia - Jordan Henderson has moved a step closer to ending his much-criticized spell with Saudi club Al-Ettifaq by...
- The 33-year-old England midfielder has been with the Saudi club for just six months since leaving Liverpool
- Of all the high-profile players to move to the Saudi Premier League, Henderson arguably attracted the most criticism
Opinion
Disinformation, misinformation hurt global businesses
"These risks are serious because they limit our ability to tackle the big global challenges we are facing. Changes in...
- Rebuilding trust and fostering global collaboration are essential to address the present challenges.
- The role of AI and digital innovation in combating misinformation and boosting productivity.
Geostrategy
Saudi Scouts Association to participate in Republic Day Camp in India
Riyadh, Saudi Arabia - The Saudi Arabian Boy Scouts Association will participate in the Republic Day Camp (RDC) in India...
- The camp, with the participation of 25 countries, includes a series of activities aimed at promoting awareness of cultural traditions and exchange between the participating nations
- It seeks to enhance values, integration, unity, and diversity while instilling a sense of patriotism, discipline, and leadership qualities
Economy
Sustainable practices make GCC economy resilient
A shift to green tech and renewable energy is fostering the Gulf economy's resilience and diversification for a sustainable future,...
- A shift to green tech and renewable energy is fostering the Gulf economy's resilience and diversification for a sustainable future, says Phil Malem of Serco Middle East.
- GCC's focus on renewable energy, water management, and sustainable transport, alongside green technologies, spurs job creation and aligns with global climate goals.
Geostrategy
India finds apparent wreckage from 2016 military plane crash
New Delhi, India - India said on Friday it had likely found wreckage from an Indian Air Force transport plane that...
- Russian-built Antonov An-32 was carrying service personnel and six crew members during a routine courier service to Andaman and Nicobar Islands in 2016.
- An IAF source told AFP in 2016 that radar data from the missing aircraft showed it making a sharp left turn before rapidly losing altitude.
Jordan king, Sisi and Abbas call to ‘maintain pressure’ for Gaza ceasefire
A royal palace statement issued after the meeting said the three leaders had "reiterated the need to maintain pressure to...
- The trio "warned against attempts to re-occupy parts of Gaza or establish 'safe zones' in the strip, stressing the need to enable Gazans to return to their homes"
- They "reaffirmed their rejection of any Israeli plans to displace Palestinians in the West Bank and Gaza, urging international denouncement and rejection of these plans"
Economy
Saudi PIF Governor: Global demand for metals to rise sixfold by 2040
Riyadh, Saudi Arabia - Public Investment Fund (PIF) Governor Yasir Al-Rumayyan on Wednesday said that the Kingdom’s mineral wealth currently...
- Al-Rumayyan said the Ma’aden mining company owned by the PIF has expanded its exploration activities for gold, zinc, lithium, and other metals
- He revealed that the Kingdom’s mineral wealth currently stands at US$1.3 trillion, with a target to increase it to $1.5 trillion
Business
Emerging crypto hub UAE shapes digital assets’ future
"As 2024 unfolds, we anticipate that both private and public enterprises will increase their investments in the infrastructure and services...
- Bitcoin marked a 134 percent increase in the year 2023, signifying a resurgent crypto market.
- The UAE thawed the crypto winter, with institutional investments driving cryptocurrency deals.
China says foreign consulting agency head spied for Britain
China, which has a broad definition of state secrets, has publicized several other alleged spying cases in recent months. In...
- China and Britain have traded barbs in recent months over allegations of perceived espionage and its resulting impact on national security
- Britain's government has warned that Chinese spies are increasingly targeting officials, allegations that Beijing has denied
Move over Mercedes: Chinese cars grab Mexican market share
Mexico City, Mexico -- The growing popularity of Chinese sport utility vehicles and pickup trucks has shaken up Mexico's luxury car...
Business
Company News
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BP H1 profits down 79%
Business
OECD raises growth forecast, calls for higher property taxes
Paris, France -- The OECD on Wednesday slightly raised its world economic growth forecast for 2024 but called for higher property...
Economy
UAE’s e& bends to European Union foreign subsidy rules
Brussels, Belgium -- The European Commission gave the green light Tuesday for an Emirati group to acquire the assets of a...
Business
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Business
ADNOC Distribution H1 dividend $350m
The total dividend for 2024 is expected to be $700 million.
- The second and final portion of 2024 dividend is expected to be paid in April 2025, in accordance with the recommendations of the Board of Directors and shareholder approval.
- The company's cash dividend paid since its initial public offering totaled AED 16.2 billion ($4.4 billion), including cash dividends for the first half of 2024.
Geostrategy
DCO launches Digital Economy Navigator to bridge global digital gap
The navigator enables countries to better navigate their digital journeys, find opportunities for growth and benchmark progress,
- DEN was unveiled at SDG Digital, held this year during the 79th Session of the UN General Assembly in New York from September 10 to 27.
- DEN is a unifying framework that addresses digital economy maturity across 50 countries, including the DCO member states.
Science
Researchers decode oldest human DNA
The genetic sequences were from a man and a woman whose remains were found at a rock shelter near the...
- They were among 13 sequences reconstructed from people whose remains were found at the Oakhurst shelter and lived 1,300-10,000 years ago.
- Prior to these discoveries, the oldest genomes reconstructed from the region dated back around 2,000 years.