Key OPEC+ members to boost oil production again
Oil ministers in the V8 grouping -- comprising Saudi Arabia, Russia, Iraq, the United Arab Emirates, Kuwait, Kazakhstan, Algeria and...Economy Geostrategy
Lebanon says army will begin implementing Hezbollah disarmament plan, amid opposition from the group
Responding to questions from journalists, Morcos said "the Lebanese army will begin implementing the plan, but in accordance with the...Geostrategy
Gaza war deaths top 24,000 as UN chief calls for ceasefire again
Bringing food and supplies to the besieged population of Gaza, which is increasingly at risk of famine, also depends on...In a statement released with the video, Hamas said "the Zionist army's bombing" was responsible for the death of two male hostages.
King Abdullah II of neighboring Jordan warns that continuing Israeli attacks could cause the conflict to expand across the region.
UN wants $4.2 billion for Ukraine’s humanitarian aid in 2024
"Remember Ukraine?" UN aid chief Martin Griffiths asked as he launched the plan in Geneva. "Please do not forget Ukraine...Russia's war in Ukraine is set to enter its third year in February and the UN said it was vital to maintain support to millions affected by war
The UN hopes to reach 8.5 million people within Ukraine and 2.3 million refugees and their host communities in eastern Europe
Saudi Arabia unveils 45,000-seat multi-use stadium in Qiddiya City
RIYADH, SAUDI ARABIA - The Board of Directors of the Qiddiya Investment Company (QIC) announced on Monday the launch of...Upon opening, the stadium is anticipated to host some of Saudi Arabia’s biggest sports, entertainment, and cultural events.
It aims to draw visitors from across the globe and revolutionize the traditional stadium experience with its immersive design.
IMF chief at Davos: AI holds risks, opportunity for global economy
Artificial intelligence poses risks to job security around the world but also offers a "tremendous opportunity" to boost flagging productivity..."We must focus on helping low-income countries in particular to move faster to be able to catch the opportunities that artificial intelligence will present," Georgieva told AFP.
Georgieva said 2024 is likely to be "a very tough year" for fiscal policy worldwide, as countries look to tackle debt burdens accumulated during the Covid-19 pandemic.
Saudi Arabia, China ink MoU in accounting and auditing
RIYADH, SAUDI ARABIA – The Kingdom and the People’s Republic of China signed on Monday in Beijing a memorandum of...The MoU is similar to other agreements that GCA has reached with counterpart organizations in different countries.
These agreements underscore GCA's elevated professional standing, at both regional and international levels.
Record demand for Dubai luxury homes despite rising prices
Dubai, UAE - Dubai saw record-breaking sale prices throughout 2023, with super-luxury residences selling for up to US$4,000 (AED14,692) per...High-net-worth buyers have been flocking from continental European countries like the U.K., France, and Germany to relocate to Dubai
In 2023, average residential prices in Dubai rose 16.9% in the first two quarters, according to CBRE’s UAE Real Estate Market Review
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,...Billionaires are today $3.3 trillion richer than they were in 2020, despite many crises devastating the world's economy since this decade began, including the Covid pandemic.
With riches among the world's wealthiest increasing the way they are, Oxfam predicted that within a decade the world will see its first "trillionaire".
Israeli forces kill five Palestinians in West Bank
Violence has surged in the West Bank since October 7, when the Palestinian armed group Hamas launched an attack in...Troops chased a car that had run a checkpoint near the city of Hebron and "fired toward the terrorists and neutralized them", the Israeli army
Palestinian health ministry in Ramallah confirmed the men were killed, while the Palestinian Red Crescent Society said it had received their bodies
Fresh Israeli bombardment across Gaza kills dozens
Gaza's health ministry said that more than 60 people were killed and dozens wounded in "intense" strikes and artillery fire...The latest strikes hit Khan Yunis and Rafah and areas around Gaza City
The UN says fighting has displaced roughly 85% of the territory's population
China says ‘firmly opposed’ to all official US-Taiwan exchanges
"China has always firmly opposed any form of official exchanges between the United States and Taiwan, and resolutely rebutted the...China regards democratic Taiwan as part of its territory and has vowed to one day bring it under its control, by force if necessary
It does not keep diplomatic relations with countries that formally recognize Taiwan as an independent state
