Bahrain to host ‘smart cities summit 2024’ in March
Manama, Bahrain--Bahrain will hold the seventh edition of the "Bahrain Smart Cities Summit 2024" from March 5 to 6 under...Economy
Climate change parches Morocco breadbasket amid policy pitfalls
Berrechid, Morocco -- Around this time every year, Moroccan wheat farmer Abderrahim Mohafid is usually preparing for his spring harvest, but...Economy Geostrategy Climate Change
UK government revokes gas fracking ban in England
Britain lifted England's moratorium on controversial gas fracking to boost energy security, despite breaking the ruling Conservative party's manifesto pledge.Fracking is carried out by blasting a mixture of water, sand and chemicals underground to release shale oil and gas.
But environmentalists argue that the process contaminates water supplies, hurts wildlife, causes earthquakes and contributes to global climate change.
Saudi-UAE non-oil trade increased by 92.5 percent in past decade
The value of non-oil exports from the UAE to Saudi Arabia over the past ten years was around AED205.5 billion,...By end of 2012, the value of non oil trade between the two countries was AED 64.8 billion ($17.65bn)
The trade exchange between the two countries in the first half of 2022 totaled AED65.7 billion ($17.9bn)
Xiamen Airlines to buy aircraft
The airline plans to buy 40 A320neo aircraft from Airbus.The airline, based in the southeastern city of Xiamen has until now had exclusively Boeing aircraft in its fleet.
While weakened by the pandemic, airlines around the world are preparing for an expected doubling of air travel in the next two decades.
‘Hungary wants EU sanctions on Russia lifted by year end’
Hungarian Prime Minister Viktor Orban wants EU sanctions on Russia over its invasion of Ukraine lifted by year end, a...Hungary is highly dependent on Russian oil and gas and Budapest has already secured an exemption from sanctions on Russian crude oil imports via pipelines.
EU foreign ministers held an emergency meeting to discuss after Moscow mobilized reservists for its war in Ukraine.
Markets drop as Fed and European central banks hike rates
European markets were down in afternoon trades, with London's FTSE 100 shedding 0.5 percent after the Bank of England raised...The world's major central banks are rushing to ramp up rates to dampen red-hot global consumer prices, but traders fear rising borrowing costs will herald recession.
In Asia, Indonesia and the Philippines also tightened monetary policy but the Bank of Japan bucked the global trend as it left its status quo in place.
UAE, Jordan ink pact to standardize specifications
The UAE Ministry of Industry and Advanced Technology (MoIAT) signed a Memorandum of Understanding (MoU) with the Jordan Standards and...The agreement aims to facilitate industrial, trade and economic growth in both the UAE and Jordan.
The pact encourages cooperation in conformity assessment procedures for non-food and non-pharmaceutical industrial products.
Saudi Education Minister meets founder of edX platform in US
Saudi Arabia's Minister of Education Dr. Hamad bin Mohammed Al AlSheikh has met with the leaders of edX platform at...The minister met the platform's founder to discuss ways to promote cooperation in the online education and e-training industry,
The two discussed ways to develop a partnership between the National Center for E-Learning FutureX and the edX platform.
UN chief wants ‘action’ to address climate loss, damage payments
UN Secretary-General Antonio Guterres called on governments to tackle "four burning issues" between now and COP27: greater ambition to keep...The UN chief spoke about the flood in Pakistan and reminded world leaders of the Paris accord goal of limiting long-term warming to 1.5C above pre-industrial levels
Developing nations argue that historic polluters have a moral imperative to pay for the loss and damage, but the idea was shot down by rich nations at COP26
Europe throws billions at energy crisis
Hundreds of billions of euros and counting have been shelled out so far since Russia invaded its pro-Western neighbor in...The public spending has continued even though European Union countries already accumulated mountains of new debt
But some leaders have taken pride at their use of the public purse to battle this new crisis, which has sent inflation soaring
Saudi Arabia emerges as one of the world’s top eSports hubs
The PUBG Mobile tournament was part of Gamers8, a summer festival spotlighting Saudi Arabia's emergence as a global eSports dynamo...Saudi Arabia's interest in gaming and eSports comes from the very top, with Crown Prince Mohammed bin Salman said to be an avid "Call of Duty" player
Saudi gamers are revelling in their country's newfound status and the eye-watering prize pools it brings
