Israel arms exports to UAE, Bahrain, Morocco rise sharply after 2023
Sales to countries considered part of the Abraham Accords -- the United Arab Emirates, Bahrain and Morocco who signed groundbreaking...Business Geostrategy
Saudi hosts urge pilgrims to stay indoors during hajj high point
Makkah, Saudi Arabia -- Saudi authorities have asked pilgrims performing the hajj to remain in their tents for several hours...Geostrategy
WTO reforms essential to meet global challenges
“Japan and the UAE will deepen their cooperation beyond traditional areas such as energy and the economy to include a...WTO’s 13th Ministerial Conference: Scheduled in Abu Dhabi, aims to address global challenges and reforms.
Japanese Minister Yoko Kamikawa stresses the need for WTO to transform and tackle global issues effectively.
New Delhi confirms few Indians involved with Russian army
New Delhi, India - India's foreign ministry confirmed on Friday that some of the country's citizens had signed up for...A newspaper reported on Wednesday that around 18 Indians were stranded in various border towns along the frontlines of Russia's war in Ukraine.
Its report alleged that Indians had been conned by Dubai-based recruiters with promises of high wages and a Russian passport.
Israel plans to allow local Palestinians administer post-war Gaza
"The plan states that Israel will move forward with its already-in-motion project to establish a security buffer zone on the...The proposal, which Netanyahu submitted to his security cabinet late Thursday, would also see the Israeli army persisting in its war on Hamas until it achieves key goals.
Even after the war, the Israeli army would have "indefinite freedom" to operate throughout Gaza, according to the plan.
Expelled from France, imam vows to challenge decision in court
Soliman, Tunisia - A Tunisian imam expelled from France for alleged hate speech said on Friday he would take legal action...Mahjoub Mahjoubi, from the town of Bagnols-sur-Ceze in the south of France, denounced his removal as "arbitrary"
He was expelled on the charges of giving a sermon that had "retrograde, intolerant and violent" image of Islam
American spaceship lands on moon, images expected soon
The first American spaceship on the Moon since Apollo is "alive and well" following a drama-packed touchdown, the firm that...The Houston-based company's stock price soared by 40 percent in early trading before paring back to 24 percent.
Intuitive Machines said Odysseus, which is the size of a large golf cart, is upright.
Price of natural gas in Europe falls to a 3-year low
LONDON, UK – The price of natural gas in Europe fell again on Friday, taking it to its lowest in almost...Gas reserves, which are usually drawn down during winter for heating, are at 64.7 percent of storage capacity on average in the European Union.
Gas prices soared in 2022 and into 2023 as Russia's invasion of Ukraine made EU countries limit consumption and diversify their sources of supply.
ADGM’s Registration Authority fines two firms for audit failings
ABU DHABI, UAE – The Registration Authority (RA) of Abu Dhabi Global Market has fined Baker Tilly Middle East Limited...The RA fined Baker Tilly US$50,000 and Sturgeon US$12,500 for serious failings and gaps in the financial audit
The RA expects ADGM firms to conduct and prepare audit reports in accordance with professional standards.
Shipping insurance rates soar on Red Sea missile attacks
Maritime container transport has sunk by almost one third so far in 2024 compared with a year earlier, according to...The Houthis have carried out relentless attacks since November on shipping transiting the Red Sea, a maritime hub through which 12 percent of global trade usually passes
Premiums for ships have "increased significantly" following the Houthi attacks, according to Frederic Denefle, head of Garex, a French firm specialized in marine risk insurance
Jordan, Oman sign agreements to ramp up investments
Amman, Jordan--Jordan and Oman have signed a raft of agreements to boost direct investment in both the countries.The first memorandum...In 2022, Jordan exported $70.2 million worth of goods to Oman, while Jordan imported $57.4 million worth of goods from Oman
The agreements between the two countries aim to establish partnerships for investment and trade between the two business sectors
Israel kills two Hizbollah fighters in drone strike
A security source said that an Israeli drone shot two guided missiles at the building in Kfar Rumman, near the...Hizbollah confirmed that two of its fighters had been killed by Israeli fire
The Lebanese armed group said it had fired rockets at Israel in response
