Biden cancels $4.28 bn more in student debt before leaving office
Washington, United States -- US President Joe Biden said Friday he was canceling student loans for an additional 55,000 Americans, which...
Geostrategy
Coal use at record high in 2024, the world’s hottest year: IEA
Paris, France -- World coal use is set to reach an all-time high in 2024, the International Energy Agency said Wednesday,...
Geostrategy
Geostrategy
Turkiye and EU to modernize the customs union agreement
Ankara, Turkey - Turkiye and European Union (EU) on Wednesday discussed the resumption of talks to modernize the customs union...
- Turkish Trade Minister Omer Bolat said that he discussed with the European officials the resumption of talks to modernize the customs union agreement
- The two sides also discussed the green transformation and cooperation in financing, stressing the continuation of the positive agenda between both sides
Business
India tops list of new Dubai Chamber of Commerce members during H1 2023
Dubai, UAE - Dubai Chamber of Commerce, one of the three chambers operating under the umbrella of Dubai Chambers, has...
- A total of 6,717 new Indian-owned companies signed up for membership in H1 2023, compared to 4,845 in H1 2022
- In total, Indian companies accounted for 22.3% of the 30,146 new companies that joined the chamber in H1 2023
Business
Improving power situation in Libya brightens life
Till last year, outages could last 20 hours, turning the streets dark and leaving residents sweltering in temperatures above 40...
- Chronic electricity shortages had shaped the daily lives of Libyans since the fall of Moamer Kadhafi in a NATO-backed 2011 uprising.
- A decade of stop-start fighting between rival groups followed, adding combat damage and looting to the dilapidated grid in Libya.
Science
Sultan AlNeyadi set to return to earth on September 3
Dubai, UAE – Sultan AlNeyadi, along with his international crewmates, is set to return to Earth on September 3 after...
- AlNeyadi, joined by NASA astronauts Stephen Bowen and Warren Hoburg, as well as Roscosmos cosmonaut Andrey Fedyaev, will depart the ISS on September 2
- Re-entry into Earth's atmosphere will subject the spacecraft to intense heating and drag, effectively slowing its velocity to a safe level for parachute deployment
Business
Bahrain offers prisoners more rights after hunger strike
DUBAI, UAE - Bahraini authorities have agreed to offer prisoners extra rights, including more visiting hours, following a mass hunger strike...
- The interior ministry said it would "increase the duration of visitations" and was looking to raise the time inmates are allowed outdoors.
- The strike has triggered rare street protests by relatives of the prisoners demanding their immediate release.
Business
DP World, Evyap Group ink pact
The partnership aims at enhancing trade infrastructure.
- Following the completion of the transaction, the firm DP World will own 58 percent of Evyap Port.
- Evyap Group will own 42 percent of DP World Yarimca, the entity will be named DP World Evyap Port.
Geostrategy
Global Islamic microfinance surpasses US$60bn, says industry professional
DUBAI, UAE - The global Islamic microfinance industry has surpassed US$60 billion in value within the $3.8 trillion Islamic finance...
- Despite ongoing efforts and UN Millennium Goals, global poverty eradication remains an unfinished task.
- There is a growing recognition of Islamic microfinance as a important tool for poverty alleviation globally.
Geostrategy
French President says change in existing world order would weaken West, Europe
PARIS, FRANCE - Attempts to change the existing world order threaten to weaken the West and especially Europe, French President...
- Emmanuel Macron said the role of the UN Security Council, International Monetary Fund and World Bank are constantly being challenged.
- Emmanuel Macron said the role of the UN Security Council, International Monetary Fund and World Bank are constantly being challenged.
Business
Sukoon Insurance sets up OIWSS
Aim is administration of Employee Money Purchase schemes.
- OIWSS has established a partnership with Intertrust Group.
- OIWSS will be the trustee and the operator of this scheme
Geostrategy
UAE president and Ethiopia PM pledge to boost relations
The two leaders met in Addis Ababa and held talks on various aspects of bilateral relations, in addition to broader...
- They also discussed regional and international developments and exchanged views on issues of shared concern
- Sheikh Mohamed applauded Ethiopia's commitment to advancing renewable energy to attain climate neutrality
Biden cancels $4.28 bn more in student debt before leaving office
Washington, United States -- US President Joe Biden said Friday he was canceling student loans for an additional 55,000 Americans, which...
Geostrategy
Company News
Airbus nets satellite deal
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Tesla Q2 auto deliveries surge
Business
Major Qatari plant to double solar capacity by 2030: Energyminister
Doha, Qatar -- A large new solar plant planned in Qatar will double the Gulf emirate's previously projected renewable energy capacity...
Business
Israel set for general strike after Gaza hostages found dead
"I have come to the conclusion that only our intervention can shake those who need to be shaken," Arnon bar...
Geostrategy
COP29 finance draft: Arab nations ask developed nations to commit $441bn
Paris, France -- The UN has published a draft on climate financing due to be presented at the COP29 in November,...
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Geostrategy
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...
- Durov, 39, was charged on several counts of failing to curb extremist and illegal content on the popular messaging app which now has over 900 million followers.
- He was granted conditional release on a bail of five million euros and on the condition he must report to a police station twice a week as well as remaining in France.
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...
- The vaccination rollout will also cover southern and northern Gaza, which will each get their own three-day pauses, Peeperkorn told reporters.
- UN agencies have said they plan to provide oral vaccines against type-2 poliovirus (cVDPV2) to more than 640,000 children in the territory.
Business
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...
- Traders are also waiting for key US economic data later this week that could provide clues about the size of an expected interest-rate cut next month.
- In New York, the main indexes were all down slightly shortly after opening. In Europe, London's FTSE 100 Index was lower, while Paris and Frankfurt were higher.