Davos meet founder Klaus Schwab steps down from WEF board
Geneva, Switzerland -- The World Economic Forum said on Monday that its founder Klaus Schwab has stepped down from the...Geostrategy
Gaza rescuers say Israeli air strikes kill 25 and injure dozens of Palestinians
Gaza City, Palestinian Territories -- Gaza's civil defense agency reported that Israeli air strikes since dawn on Sunday have killed...Geostrategy
Lebanon’s central bank chief to end term with no successor
Lebanon's deeply divided political class has failed to agree on a replacement for Salameh, 73, creating another power vacuum in...Salameh has for two years been the subject of judicial investigations at home and abroad into allegations including embezzlement and money laundering, charges which he denies
Lebanon's central bank chief Riad Salam is wanted in France and Germany, and Interpol has issued a Red Notice for his arrest, but Lebanon does not extradite its nationals
Iran to ‘pursue rights’ over disputed gas field, also claimed by KSA, Kuwait
Earlier this month, Kuwait had invited Iran for another round of maritime border talks after Tehran said it was ready...The offshore zone of the resource-rich Gulf, known as Arash in Iran and Dorra in Kuwait and Saudi Arabia, has long been a focal point of contention between the three countries
Kuwait and Saudi Arabia, who share some maritime gas and oil resources, last year signed an agreement to jointly develop the field despite objections from Iran
Rival Palestinian factions form ‘reconciliation committee’
The reconciliation effort is designed to bridge the gap between the parallel governments of Hamas in the blockaded Gaza Strip...Haniyeh earlier called on Abbas to end "security collaboration" with Israel and "political arrests", according to participants at the meeting
On Sunday, Haniyeh called for "the restructuring of the Palestine Liberation Organization", the umbrella institution promoting Palestinian statehood
Six killed in Palestinian refugee camp in Lebanon clash
The fighting between Fatah and Islamists in the camp, which erupted overnight and subsided by the evening, killed a Fatah...Fatah in a statement confirmed the death of commander Ashraf al-Armouchi and four of his "comrades" during a "heinous operation"
The Palestinian presidency in a statement denounced the "heinous massacre and terrorist assassination" of the Fatah members
Iraq and Kuwait seek to solve contested border issue
The de facto land and maritime borders between the neighbouring states were established by the United Nations in 1993, three...After meeting his Kuwaiti counterpart, Iraqi Minister said that during their talks "the emphasis was placed on resolving the border issues"
Iraqi Foreign Minister Fuad Hussein told reporters the border talks would "continue through various technical committees"
Egypt energy-saving measures evoke satirical reaction among citizens
Sweltering without air conditioning during the day and plunged into darkness at night, many Egyptians have responded with anger and...After 11 days of daily blackouts, Prime Minister Mostafa Madbouli ordered civil servants to work from home once a week.
He announced scheduled power outages at least through August, and proposed other solutions to Egypt's energy crisis.
UAE urges collective action for sustainable development at G20 ministers meeting in India
DUBAI, UAE – UAE Minister of Climate Change and the Environment Mariam bint Mohammed Almheiri highlighted the importance of collective...The UAE minister called upon G20 countries to fulfil their commitment to providing the pledged financial support for global climate initiatives.
She said that is only by collective action that the global community can achieve the worldwide emission reduction target.
Dubai Customs clears TIR carnet transactions worth US$38.7m
DUBAI, UAE - Dubai Customs has, to date, processed 214 customs transactions worth US$38.7 million (AED142.2 million) under cover of...Goods shipped under cover of the internationally accepted customs transit document do not require inspection at border crossings while in transit.
It provides a financial guarantee to pay the suspended duties and taxes. The guarantee system is managed by the International Road Transport Union.
Morocco king appeals for normalcy in ties with Algeria
RABAT, MOROCCO - Morocco's King Mohammed VI has expressed hope for a return to normality and reopening of borders with North...The borders have been closed since 1994, leaving families divided after Morocco accused its neighbor of involvement in an attack.
Since then, tensions have persisted between the regional rivals, exacerbated by their dispute over Western Sahara.
Palestinian president, factions arrive in Egypt for talks
Ahead of unity talks between various Palestinian factions boycotted by the militant group Islamic Jihad, President Mahmud Abbas arrived in...The meeting on Sunday will include the heads of other political factions, including Hamas leader Ismail Haniyeh
In the meantime Islamic Jihad has denounced "continued political detention and prosecution of the resistance"
