• Aramco CEO terms energy transition strategy a failure
    Speaking at the CERAWeek conference in Houston, Saudi Aramco Chief Executive Amin Nasser said that the current transition strategy is visibly failing on most fronts. adding that this is "hardly the future picture some have been painting." Fossil fuels accounted for 82% of global consumption last year.

    ExxonMobil Chief Executive said "we're not on the path" to reaching net zero emissions by 2050

    In November last year, COP28 conference included a call for a transition away from fossil fuels

  • GCC emerges as a cryptocurrency investment hub

    Driven by government initiatives, economic diversification and a tech-savvy population, the region is becoming a prominent center for cryptocurrency investment, says an expert.
    Business
  • The UAE is expanding its investment portfolio to secure future generations with valuable and viable projects, demonstrating sound economic management and a commitment to development and cooperation, says Jamal Bin Saif Al Jarwan, Secretary-General of the UAE International Investors Council.
    "The UAE has strengthened its position in the global economy. The total value of UAE assets abroad, whether government or private, is estimated at $2.5 trillion as of early 2024. It ranked first in the Arab region and West Asia, 15th globally, and second globally in investing in new opportunities," he adds.
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  • Cross-border fire between Hizbollah and Israel leaves 16 dead
    Israeli rescue teams searching a damaged building in the border town of Kiryat Shmona "found a 25-year-old who was unconscious, with no pulse and not breathing", and pronounced him dead at the scene, the Magen David Adom emergency service said.
  • Israel backtracks on canceled Rafah talks: US official
    Israel's prime minister cancelled the visit after the US abstained on the UNSC vote, allowing it to pass. But Israel backtracked, after the White House said it was "perplexed" by the move. The U-turn came after Israeli defense minister had "constructive discussions" with senior US officials in Washington.

    Netanyahu last week agreed to a request by Biden to send a team to Washington to hear US concerns

    The United States also insisted its abstention did not represent a shift in policy on Israel

  • UN expert faces threats after Israel Gaza ‘genocide’ remarks
    Francesca Albanese, the UN special rapporteur on the rights situation in the Palestinian territories, said this week there were reasonable grounds to believe Israel was "committing the crime of genocide against the Palestinians as a group in Gaza". She said she had received "nothing that so far I have considered needing extra precautions."
  • UN Palestinian agency chief says funding secured until end of May
    Gaza has endured almost six months of war and a siege that has cut off most food, water, fuel and other supplies, and the UN has warned that its 2.4 million people are on the brink of a "man-made famine". The flow of aid trucks from Egypt has slowed amid the ongoing war.

    UNRWA is in crisis since Israel accused that a dozen of its employees were involved in October 7 Hamas attack

    UNRWA chief warned last month that the funding crunch was so great the organization might not be able to operate beyond March

  • Syria strikes kill 17 including Iran Guard, WHO worker
    According to the Syrian Observatory for Human Rights monitor, an Iranian Revolutionary Guards adviser, his two Iranian security escorts, and four Syrian and nine Iraqi fighters with pro-Iran groups were killed in strikes on a villa in Deir Ezzor city and on the town of Albu Kamal on the Iraqi border.
  • US defense chief tells Israeli counterpart that Gaza toll is ‘too high’
    US Defense Secretary Lloyd Austin told his Israeli counterpart Yoav Gallant that civilian casualties in Gaza are "too high". A separate Israeli delegation was supposed to visit Washington to discuss US concerns over Prime Minister Benjamin Netanyahu's plans to launch an assault Rafah, where much of Gaza's population has sought refuge.

    A senior Pentagon official said that US Defense Secretary had discussed his hopes that negotiations would "soon produce the release of all hostages."

    The United States has backed Israel with both military and diplomatic support.

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  • "The UAE has strengthened its position in the global economy. The total value of UAE assets abroad, whether government or private, is estimated at $2.5 trillion as...
    By TRENDS STAFF

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