• UN aid official presses for aid delivery to Gaza by land route
    The UN aid coordinator for the Palestinian territory Sigrid Kaag said her message to UN Security Council was that the international community must "flood the market in Gaza with humanitarian goods" and "re-energize the private sector" so more commercial goods can enter to meet civilians' needs.

    She said the diversification of the supply routes via land remains the optimal solution

    Kaag noted the complicated border inspection process was the main obstacle

  • Saudi defense sector opens up for investment

    Saudi Arabia has opened up its defense sector for local and international companies to invest in, and in this direction it will launch a digital platform for investors.
    Business
  • The global community needs to collaborate more closely in the field of research and innovation in pursuit of solutions to international challenges, says Sarah Al Amiri, the UAE’s Minister of State for Public Education and Advanced Technology, at a G20 meeting in India's Mumbai.
    “We need greater cooperation is scientific research and innovation. Research and innovation are not only imperative for national and global development, but also for the common welfare of humankind. They are enablers for inclusive, equitable and sustainable growth,” she tells more than 100 delegates from 29 G20 countries.
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    Biden orders US military to set up temporary aid port in Gaza
    In the wasteland of Jabalia, northern Gaza, Palestinians gathered to receive meals at a distribution point. "There is no gas to cook our food on. There is no flour or rice," said Bassam al-Hou, standing beside large, blackened cooking pots among the rubble.
  • Hamas expresses dissatisfaction over Israel’s stance on Gaza truce
    A senior Hamas official confirmed that the group's delegation in talks seeking a Gaza truce left Cairo for consultations in Doha, while voicing dissatisfaction with Israel's responses. "We are awaiting the final official response from the enemy (Israel)," said the official, who was involved in negotiations in Cairo but declined to be named.

    Hamas has been insisting on a complete withdrawal of Israeli forces from Gaza, the return of displaced people to their homes.

    Israel has been asking for a list of all hostages still alive in Gaza, a task Hamas says it is unable to complete.

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    Saudi Arabia transfers 8% Aramco stake to PIF-owned firms
    Saudi Arabia said it transferred an additional eight percent stake from oil giant Aramco to firms owned by the kingdom's PIF sovereign wealth fund, according to state media. Aramco is the main source of revenue for Crown Prince and Prime Minister Mohammed bin Salman's ambitious economic and social reform program known as Vision 2030.

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  • Despite oil riches, Libyans hit by plummeting purchasing power
    Libya earns around $20 billion per year in net revenues from oil and gas exports, which accounts for around 95 percent of state revenue. Much of this wealth pays for a bloated public sector that employs almost one third of the population, as well as for state subsidies meant to guarantee low prices for fuel...

    Libya's dinar currency - which officially trades at 4.8 to the US dollar - has recently dropped on the parallel market from around five dinar to the greenback to 7.5 now

    The cost of living crisis and foreign cash crunch come after the Central Bank of Libya announced steps it said were aimed at ensuring greater financial stability

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    China top diplomat terms war in Gaza a ‘disgrace for civilisation’
    The foreign minister said that the catastrophe in Gaza once again reminded the world that "the fact that the Palestinian territories have been occupied for a long time can no longer be ignored." Beijing has been calling for an immediate ceasefire since the start of the current Israel-Hamas war in October last year.

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  • Envoys push for Gaza truce before Ramadan begins next week
    While negotiators in Cairo tried to surmount tough stumbling blocks, fighting again raged in Gaza where the UN warns famine looms and desperate crowds have stopped and looted food aid trucks. Gazans were waiting to collect bags of flour outside an office of the UN agency for Palestinian refugees, UNRWA, in Rafah.

    US President Joe Biden called on Hamas to accept the truce plan

    Hamas has insisted on a complete halt to the fighting in Gaza

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  • “We need greater cooperation is scientific research and innovation. Research and innovation are not only imperative for national and global development, but also for the common welfare...
    By TRENDS STAFF

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