US lawmakers reject US$17.6 billion Israel aid bill
Republicans in the House of Representatives scheduled the vote after the Democratic-led Senate released a bipartisan bill Sunday pairing billions of dollars for...Economy Geostrategy
Sharjah Chamber posts growth in membership in 2023
SHARJAH, UAE - The Sharjah Chamber of Commerce and Industry (SCCI) has announced a series of significant achievements of the...Business Economy
Saudi central bank’s assets climb to $535 billion in July
For the first time in more than five years, assets of Saudi Arabia's central bank have shot up to $535...This translates to a month-on-month growth of 1 percent from the $528 billion in June
The central bank’s net foreign assets fell by $2.48 billion during July to $445 billion
Jordan approves 33 articles of new investment law so far
The Lower House held an evening session on Sunday, chaired by Speaker Abdul Karim Dughmi.The Lower House held an evening session on Sunday, chaired by Speaker Abdul Karim Dughmi
The drafty law has 52 articles, as referred to by the House Economy and Investment Committee
Israeli spy chief to meet US officials on Iran deal
Prime Minister Yair Lapid said that Israel's "diplomatic fight" against the deal included its  national security advisor and defense minister...Israel says a deal would facilitate the funding of Iran-supported militants, while not preventing Tehran from developing a nuclear weapon
In 2018, then-US president Donald Trump unilaterally withdrew from the agreement designed to prevent Iran from developing a nuclear weapon
Tokyo to push for African seat on UN Security Council, says Japan PM
Japan will use its place on the United Nations Security Council to push for an African seat on the top...Japan was among five countries elected in June to hold a non-permanent seat on the UN Security Council for 2023 and 2024
Japanese PM also promised aid to train police officers and support "fair and transparent" elections across the continent
Obstacles hit Germany’s efforts to restart coal plants
A year after the last wisps of smoke disappeared into the skies from the imposing chimneys of the Moorburg coal...Russia's curtailing of gas exports to Germany in the wake of the Ukraine war has forced Berlin to make the radical decision to restart coal power stations, at least temporarily.
Germany began winding down its coal-fired power plants in the last few years, in view of meeting a target to end usage of the fossil fuel by 2030.
Egypt curtails domestic use of energy to boost forex
An economic crisis spurred by the Ukraine war is casting darkness upon Egypt's streets, as the government dims lights to...Egypt, the world's biggest wheat importer, relied on the ex-Soviet states for over 80 percent of its grain.
Inflation hit a three-year high of 14.6 percent in July after Egypt devalued the pound
Macron winds up Algeria visit with ‘irreversible dynamic’ of progress
French President Emmanuel Macron and his Algerian counterpart Abdelmadjid Tebboune Saturday declared a "new, irreversible dynamic of progress" in their...The three-day visit comes less than two months after Algeria marked six decades of independence following 132 years of French rule
It comes as European powers scramble to replace Russian energy imports - including with supplies from Algeria, Africa's top gas exporter
Putin allows Ukrainians to live, work in Russia ‘indefinitely’
The new measure allow Ukrainian citizens and people from Ukraine's separatist eastern regions that Russia recognizes as independent to work...Up until now, Ukrainians could only stay in Russia for a maximum of 90 days within a 180-day period
3.6 million Ukrainians, including 587,000 children, had entered Russia since the start of the offensive.
Japan vows billions at Africa investment conference
Japanese Prime Minister Fumio Kishida Saturday pledged $30 billion over three years for Africa in a virtual address to a...Japanese Prime Minister Fumio Kishida Saturday pledged $30 billion over three years for Africa in a virtual address to a development conference in Tunis.
Host country Tunisia is among the countries bearing the brunt of global supply chain disruptions and price spikes since it is heavily import dependent.
Saudi Arabia, Malaysia discuss food security
Saudi Arabia and Malaysia discussed cooperation in food security and the promotion of the private sector to benefit from investment...Minister of Environment, Water and Agriculture Eng. Abdulrahman bin Abdulmohsen Al-Fadhli represented Saudi in meeting
Al-Fadhli met with Malaysia’s Minister of Agriculture and Food Industries Ronald Kiandee in Riyadh to discuss cooperation
