UAE suspends coordination of humanitarian aid with Israel
Dubai, UAE - The United Arab Emirates (UAE) has decided to halt its coordination of humanitarian aid with Israel following...Geostrategy
Israel revokes leave for all combat units amid Iran threat
Jerusalem - The Israeli army has suspended leave for its combat units, it said on Thursday, amid the Gaza war...Geostrategy
MENA region takes significant strides towards renewable energy, says Prince Albert II of Monaco
The Monaco prince commends the Saudi Green Initiative, Middle East Green Initiative and the upcoming COP in Dubai as "remarkable...Prince Albert recognizes the remarkable environmental initiatives undertaken by the MENA region and offers his support and willingness to contribute to these efforts
Stressing on global collaboration, Prince Albert II emphasizes that the fight against climate change and the preservation of biodiversity cannot be won by isolated efforts
Amid G7 gathering in Japan, Xi hosts summit with Central Asian leaders
Beijing says trade with Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan and Uzbekistan reached $70 billion in 2022 and expanded 22 percent year-on-year...Held in the ancient Chinese city of Xi'an, the historic eastern end of the Silk Road that linked China to Europe, this week's summit is of "milestone significance"
It comes as Beijing pushes to fill the vacuum left in former Soviet states by Russia's war in Ukraine -- and as Xi attempts to expand China's global influence
Ukraine grain deal extended for two months: Erdogan
Erdogan made the announcement one day before it had been due to expire, scoring a diplomatic coup ahead of a...Erdogan said Russia had agreed not to block ships from leaving two Ukrainian harbours, expressing hope that the deal would be "beneficial for all the parties"
NATO member Turkey has worked to maintain good ties between Russia and Ukraine, hosting two but unsuccessful rounds of peace talks between the warring sides
Money laundering and terrorism financing pose threat to world: UAE
The three-day conference in Abu Dhabi has brought together officials from around the world to discuss the menace of money...The official emphasized the importance of cooperation among nations to combat money launder and terrorism financing
The UAE has set up specialist department and has signed a slew of agreements to coordinate with many countries to fight money laundering
Russia, Iran sign pact to build final stage of INSTC project
Tehran, Iran - Iran and Russia on Wednesday signed an agreement to construct the final part in the International North–South Transport...The INSTC, a freight network of ship, rail and road routes, covers some 7,200 kilometres (4,475 miles) between Russia, Azerbaijan, Iran and India.
Iranian Transport Minister Mehrdad Bazrpash said the "process of construction" of the Rasht-Astara railway -- the INSTC's only missing link.
UAE court orders Briton to pay Denmark $1.2 bn for tax fraud
Sanjay Shah was arrested in the United Arab Emirates' financial hub in June upon request by Danish authorities who accuse...The total sum to be paid by Shah should be close to the losses incurred by the Danish tax authority as a result of the scam, estimated at 1.7 billion euro.
Shah was arrested by Emirati authorities under an extradition treaty signed with Denmark in March 2022.
Europe, UK edge closer to signing deal on financial services
Once it is signed by Brussels and London, it will create a framework for voluntary regulatory cooperation in the area...The European Commission, the EU's executive arm, on Wednesday took the first step by adopting a draft agreement.
The EU said the agreement does not deal with the access of UK-based companies to the single market or vice versa.
UAE receives wanted terrorist Humaid Al Rumaithi from Jordan
Abu Dhabi, UAE -- The UAE has received a terrorist named Khalaf Abd Al Rahman Humaid Al Rumaithi from the...The UAE Supreme Court in 2013 sentenced him in absentia to 15 years in prison on charges of establishing a secret organization
The procedures for handing over the terrorist were carried out in accordance with the arrest warrant issued against him
Saudi Arabia and Algeria sign agreement to boost ties
Jeddah, Saudi Arabia--Saudi Arabia and Algeria have agreed to expand bilateral relations, boosting ties in all areas. In this regard,...Presided over by the ministers, the two sides signed the agreement during the meeting of the fourth session of the Saudi-Algerian Political Consultations Committee
The two sides discussed enhancement of joint efforts on several issues in order to strengthen stability and prosperity for the two countries and their peoples
Gulf investments fuel Turkey’s economic growth
The GCC is the third largest source of foreign investment in Turkey, with 1,973 Gulf companies currently operating in the...The GCC is the third largest source of foreign investment in Turkey, with 1,973 Gulf companies currently operating in the country
Qatar has emerged as a significant investor in Turkey, with foreign direct investments reaching approximately $10.3bn by 2021 end