AI revolutionizes UAE’s life sciences & healthcare
"By leveraging advanced data analysis techniques to process extensive datasets from diverse sources, including genomic data, scientific literature, and clinical...Economy Opinion
World’s five richest men doubled their fortunes since 2020: Oxfam
A report from the charity, published as the global elite hobnob at the World Economic Forum in Davos this week,...Economy Geostrategy
Sanction-hit Russian carmaker asks Iran for spare parts: Report
A Russian carmaker has asked Iran to supply it with key components it cannot access due to Western sanctions imposed...Some Iranian car components, including engine cooling and suspension systems, have already been exported to Russia in recent years.
Iran has also suffered under stringent economic sanctions, reimposed by the United States in 2018 after Washington unilaterally pulled out of a deal with world powers.
Iran oil minister meets Venezuela President amid rising oil prices
The two countries are said to have discussed ways to ‘overcome’ the effects of US sanctions against both nations.Javad Owji's visit to Venezuela came just weeks after a visit by US officials in the midst of rising global oil prices
In March, a US delegation held a meeting with Maduro, whose very legitimacy as president Washington disputes
Nigeria says seeking funding for gas pipeline to Morocco
Nigeria and Morocco are still securing funding for a huge pipeline project that aims to carry Nigeria's gas to North...OPEC member Nigeria has huge gas resources - the largest proven reserves in Africa and the seventh largest globally
Fellow OPEC member Algeria, Africa's largest gas exporter, said recently it was ready to supply Europe with more gas
Outside help conditional on implementing reforms: Lebanon Deputy PM
Lebanese deputy prime minister Saadeh Al-Shami has said that during his meetings last week with World Bank and IMF officials,...Saadeh Al-Shami held meetings with IMF, World Bank and European Union officials last week.
IMF director Kristalina Georgieva showed great interest in the Lebanese situation and her willingness to help Lebanon out of its severe crisis during her meeting with Al-Shami.
Stock markets slide all across as Fed rate hike looms
Asian and European markets fell in holiday-thinned trade Monday following another tech-led rout on Wall Street, with focus on the...Trading floors around the world have been buffeted for months by a perfect storm of crises including China's lockdowns, surging inflation, Fed plans to hike rates
However, with some commentators warning rates could go as high as three percent, there are also worries the Fed could be too heavy-handed and tip the US economy into recession
Eid holidays boost Gulf tourism as COVID curbs ease
From overseas to the domestic circuit, the tourism industry in the Gulf Cooperation Council is witnessing a welcome resurgence, especially...Gulf citizens are looking to spend Eid al-Fitr abroad after being compelled to stay home for the past two years
This year’s Eid al-Fitr holiday witnessed high occupancy in the UAE hotel sector, driven by strong domestic tourism demand
May Day holiday marred by clashes in Turkey, France
Police and protesters clashed in Turkey and France during May Day rallies on Sunday, as tens of thousands marched across...European rallies sparked the most controversy with Turkish protesters gathering at Istanbul's Taksim Square, an area synonymous with anti-government protests
City officials said the group refused to disperse and 164 were detained, with government-approved rallies elsewhere in Turkey passing off peacefully
EU to propose phasing out Russian oil in new sanctions wave
The EU will propose a phased-out ban on Russian oil imports as part of a fresh round of sanctions against...EU foreign policy chief said Russia's continued attacks in Ukraine make new sanctions "absolutely essential”
Earlier, European commission banned coal imports from Russia, but Poland and the Baltic states called for an oil embargo as well
Suez Canal chief says April revenues hit all-time record
The unprecedented income came as the Suez Canal in March increased transit fees for ships passing through the waterway.The unprecedented income came as the Suez Canal in March increased transit fees for ships passing through the waterway.
Adm. Ossama Rabei, head of the Suez Canal Authority, said in a statement that 1,929 vessels sailed through the Canal in April
Palestinians warn against plans to weaken their UN agency
A proposal by the UN agency for Palestinian refugees to delegate some services to other United Nations agencies has sparked...The agency has long been a target of Israeli criticism, with accusations it has fuelled the conflict in part by teaching anti-Zionist messages at its schools
The agency tasked with assisting Palestinians who were forced from their homes during the war surrounding Israel's creation has faced a funding crunch for years
