Abu Dhabi’s private sector grows by over 35 percent in 2023
ABU DHABI, UAE – The Abu Dhabi Department of Economic Development (ADDED) organized, in collaboration with Abu Dhabi Investment Office...Business Economy Energy Geostrategy Global Uncategorized
Israel systematically destroying Gaza healthcare, says MSF
Doctors Without Borders (MSF) said deadly attacks on humanitarian staff showed either deliberate intent or reckless incompetence, and called for...Geostrategy
Europe’s gas storage reserves now at over 90 percent
With prices falling and ports clogged with liquefied natural gas tankers, fears of a winter heating crisis in Europe have...Spanish gas regulator Enagas says the backlog at ports is expected to last at least until this week.
Europe has made efforts to fill its storage facilities to reduce dependence on Russian gas and sought alternative suppliers.
Upcoming climate events to boost UAE-Egypt ties
The bilateral relations between the two countries are based on mutual respect and appreciation. The significant advancement in the bilateral...The upcoming events will witness further cooperation between the two countries, especially with Egypt hosting COP27 in Sharm El-Sheikh and the UAE hosting COP28 in 2023
The UAE is the largest investor in Egypt, with over 1,250 Emirati firms operating in the country. Egypt, meanwhile, was among the first nations to recognize the formation of UAE
Staring at drought next year, Iraq digs more than 500 wells in 2022
Al-Mishkhab, Iraq - Iraq has long drilled the desert for oil, but now climate stress, drought and reduced river flows are...Compounding the water stress, upstream dams, mainly in Turkey, have vastly reduced the flow of the Tigris and Euphrates.
In a country where one in five people work in agriculture, water shortages have destroyed livelihoods and driven a rural exodus.
Algeria hosts first Arab summit since Israel normalization deals
Algeria mediated a reconciliation deal in October between rival Palestinian factions Fatah and Hamas. While few believe the deal will...The Arab League held its last summit in 2019, prior to both the pandemic and the UAE's historic US-backed normalization deal with Israel.
The agreement, only Israel's third such deal with an Arab state, was followed by similar accords with Bahrain, Sudan and Morocco.
Ukraine blames Russian blockade for making grain export ‘impossible’
Russia's blockade of grain exports makes it "impossible" for fully loaded ships to leave port, Ukraine charged after Moscow claimed...UN Secretary-General Antonio Guterres on Sunday expressed "deep concern about the ongoing situation regarding the Black Sea Grain Initiative.
The July deal to unlock grain exports signed between Russia and Ukraine and brokered by Turkey and the UN, is vital for easing the global food crisis.
Investment to tackle climate change falls in 2022, says UNCTAD
Cross-border investment in climate change mitigation and adaptation is projected to decline in 2022 against the backdrop of a global...Mitigation projects accounted for 94 percent of international climate investments, whereas adaptation ones continued to lag far behind.
Developed economies made up two thirds of international project finance deals and greenfield investments in renewables.
Lebanon’s Aoun vacates presidential palace as power vacuum looms
Michel Aoun was vacating Lebanon's presidential palace, amid acclaim from his supporters, a day before his mandate expires without a...Lebanese lawmakers have tried but failed four times in a month to agree on electing a successor after Aoun's six-year term ends.
Lebanon is being run by a caretaker government as political divisions have prevented the formation of a new cabinet.
Iran trial begins for five facing death penalty over protests
Signalling its tough approach toward protestors, Iran has put on trial five people charged with offenses that can carry capital...The judiciary said on Wednesday that charges have been filed against more than 1,000 individuals in provinces across Iran in connection to the protests
Mizan reported that an individual identified as Mohammad Ghobadlou was charged in Tehran with "corruption on earth", an offence punishable by death
Gas tanker explosion kills at least nine people in Baghdad
At least nine people were killed and many wounded when a gas tanker blew up in Baghdad on Saturday night...An AFP correspondent said the windows of nearby buildings were blown out and vehicles in the area were damaged
Safety standards in both the transport and construction sector are frequently flouted in Iraq, and accidents are a common occurrence
Business deals enhance GCC-China cultural ties
Strengthening of political, economic and trade relations between China and the Gulf Cooperation Council countries during the past 15 years...As of the beginning of 2020, China’s contracts and investments in the GCC had reached nearly US$190 billion since 2005 and are expected to grow further
The number of Chinese residents in the UAE increased from 2,000 in the early 1990s to nearly 300,000 by 2018, with 270,000 concentrated in Dubai alone
