Dubai, UAE -- The United Arab Emirates will see the second biggest migration of high-net-worth individuals (HNWIs) in 2023 with a net inflow of 4,500 HNWIs, next only to Australia that is expected to receive 5,200 millionaires, according to the Henley Private Wealth Migration Report 2023. The inflow of millionaires...

By swallowing up Newcrest, the US mining giant will cement its position as the world's biggest gold producer, with operations extending across North and South America, Africa, Australia and Papua New Guinea. The takeover, expected to be completed by the end of 2023, has an implied value of Aus$28.8 billion,...

Vienna, Austria - Austria said on Wednesday it will ban TikTok on federal employees' work phones, joining a growing list of Western nations cracking down on the Chinese-owned social media platform due to security concerns. The decision followed advice from Austria's intelligence services and several ministry experts. Similar measures have recently...

Australia launched its biggest defense overhaul in decades, vowing to turn a military that is "no longer fit for purpose" into a fighting force that could deter China or any would-be foe. Defense Minister Richard Marles unveiled a strategic review that called for using missiles, submarines and cyber tools to...

Parts of Australia, Indonesia and East Timor were plunged into daytime darkness, delighting curious onlookers. On Australia's northwest tip, the eclipse was total.

New Delhi, India--Japanese Prime Minister Fumio Kishida arrived in India on Monday for talks expected to focus on deepening trade and technology ties as well as shared concern about China. India and Japan along with the United States and Australia make up the Quad alliance, which positions itself as a bulwark...

The firm's revenue rose 14 percent to nearly US$2.4 billion.

In a statement, HESC said the project has entered its commercial demonstration phase with money from Japan's Green Innovation Fund, which will be used to design and build facilities to liquefy and ship hydrogen from Australia's Victoria to Japan. The project aims to produce and liquefy hydrogen from a type...

If the deal is sealed, it would be gold sector's largest acquisition.

The company’s growth was driven by Asia Pacific, the Americas and Australia region, the Group Chairman and CEO Sultan Ahmed Bin Sulayem.

The plane, a Boeing 737-800, appeared to land safely at Sydney airport before coming to a stop on the runway, television images from public broadcaster ABC showed.

The firm must stand trial to face US$12 billion damages claim

Istanbul, Turkey - Turkey said Wednesday it has started requesting proof of insurance from tankers loaded with Russian crude oil after Western powers imposed a price cap to punish the Kremlin for its war on Ukraine. But a Turkish official denied that the measure was slowing the passage of oil...

Ukraine welcomed a US$60 price cap on Russian oil agreed by the EU, G7 and Australia, saying it would "destroy" Russia's economy. The price cap, previously negotiated on a political level between the G7 group and the European Union, will come into effect with an EU embargo on Russian crude...

LONDON, UNITED KINGDOM - Major oil producers are expected to stick to their current output strategy or even slash production further when they meet on Sunday in the face of falling prices, a potential Russian oil price cap and an embargo on Russian crude shipments. At their last ministerial session...

In November the hackers demanded health insurer Medibank pay US$9.7 million to keep the records off the internet -- or one dollar for each of the company's impacted customers, which included Prime Minister Anthony Albanese.

Medibank, Australia's largest private health insurer, confirmed this week that hackers had accessed the information of 9.7 million current and former clients, including Prime Minister Anthony Albanese. The hackers on Thursday uploaded a second batch of files to a dark web forum, with more sensitive details about hundreds of Medibank...

Saudi Minister of Industry and Mineral Resources Bandar bin Ibrahim Al-Khorayef met the Australian Assistant Minister of Industry for Manufacturing Timothy Ayres in Sydney.

ALC is one of the largest meat producers in Australia.

Lapid described the move as a "hasty response", adding that Israel can only hope that the Australian government manages other matters more seriously and professionally. Jerusalem, he said, is the eternal and united capital of Israel and nothing will ever change that.

Striking down the previous government's decision to recognize West Jerusalem as Israel's capital, Australia has said the city's status should be decided through peace talks between Israelis and Palestinians, and not through unilateral decisions. The country's Foreign Minister Penny Wong said it supports a two-state solution.

Vice President Kamala Harris traveled last week to Japan and South Korea and said the United States would act without fear or hesitation throughout Asia, including the Taiwan Strait.

Optus chief executive Kelly Bayer Rosmarin said a "sophisticated" actor was behind a cyberattack, which gained access to information about up to 9.8 million users. The data accessed included customers' names, dates of birth, phone numbers and email addresses, as well as some driver's license and passport numbers.

The gains were due to high demand for coal and copper.

An international coalition of journalists, editors and publishers demanded Wednesday that WikiLeaks founder Julian Assange be immediately released from a UK jail and that all charges against him be dropped. Fifteen representatives of international journalist and publishers' unions and organisations gathered in Geneva for the "call to free Julian Assange...

One big factor for more HNWIs making their way to the UAE is the ongoing war in Ukraine which has triggered the biggest emigration of millionaires from Russia over the last six months, with forecast net outflows of 15,000 by the end of 2022 -- a massive 15% of its...

Oil giant BP announced Wednesday it is taking a 40.5 percent stake in an Australian energy project being billed as the largest renewable power station on earth.

Australia's federal court ordered Google on Monday to pay more than $500,000 in damages to a politician after finding he had been defamed by a comedian's videos hosted on YouTube. John Barilaro was deputy premier of the state of New South Wales in 2020, when an Australian comedian known as...

Australia's Prime Minister Scott Morrison conceded election defeat Saturday, hours after voters issued a stinging rebuke of his party's inaction on climate change. The balance of power could yet rest with a string of climate-focused independent candidates who routed Morrison's Liberals in a string of once-safe conservative urban seats.

Australian businesses in the UAE grew six fold and the number of Australians in the Emirates nearly four fold since the country’s diplomatic mission was opened in 2004, Australia’s Governor-General David Hurley said. "Australia had a diplomatic presence in the UAE since 2004. Since then, until 2022, diplomatic relationship has...

United Nations human rights experts have asked the Australian government to repatriate 46 of its citizens from detention camps in Syria, raising "deepest disquiet" that women and children are living in squalor. In a joint letter made public Sunday, 10 UN special rapporteurs said bringing this group -- which includes 30...

Between 1864 and 1897, as French colonial troops advanced through Algeria, 2,100 people were tried by special or military courts and deported to New Caledonia.

India and Australia signed an interim free trade deal on Saturday that cuts tariffs on billions of dollars of commerce as the two Quad partners bolster their economic ties.

Australia announced more sanctions against Russia over the invasion of Ukraine Sunday, immediately banning all exports of alumina and bauxite while pledging more weapons and humanitarian assistance. The export ban aims to impact aluminum production in Russia, which relies on Australia for 20 percent of its alumina. It comes just...

The ads were for schemes apparently hailed by prominent figures.

AGL Australia's largest energy company said its board had over the weekend rejected a joint bid of $8.25 (US$6) per share from Cannon-Brookes, founder of the tech firm Atlassian.

Media reports said Mubadala will be investing at least $50 million.

Shurooq is currently considering in several Arab and Gulf Cooperation Council (GCC) countries, including Egypt, Saudi Arabia, Oman and Qatar, Marwan bin Jassim Al Sarkal, Executive Chairman of the Sharjah Investment and Development Authority. Shurooq has received a proposal to establish similar entities to Sharjah Sustainable City in Australia and...

The US has sought the help of its close ally Qatar in providing emergency supplies if pipelines to Western Europe are cut. Organizers did not immediately confirm whether Russia's President Vladimir Putin would attend the biannual Gas Exporting Countries Forum (GECF) summit on Feb 22.

All DP World regions delivered volume growth, especially India.

Every month of border closures has cost businesses an estimated US$2.6 billion, according to the Australian Chamber of Commerce and Industry

The deliberations were held during a meeting between Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, met with David Hurley, the Governor-General of Australia, at Expo 2020 Dubai. They also discussed several issues of mutual interest and the latest developments regionally and globally. The two...

A state-of-the-art liquid hydrogen tanker readied for loading in Australia Friday ahead of shipment to Japan, in what Canberra described as a "world first" trial of the technology. The Suiso Frontier is docked near Melbourne and is being loaded with super-cooled hydrogen, a source of fuel that supporters hope could...

The value of Bahraini imports increased by 18 percent in the fourth quarter of 2021, reaching BD1.406 billion, the Information & eGovernment Authority (iGA) said in its foreign trade report. The report, which encompasses the data on the balance of trade, imports, exports (national origin), and re-exports, said the value...

The UAE is Australia’s largest trading partner and the second-largest source of investment in the Middle East, said Justin McGowan, Commissioner General of Australia at Expo 2020 Dubai. He added that annual trade between the two countries is valued approximately at AU$9.8 billion ($7.1 billion), and the UAE and Australia...

The national mood was summed up by Prime Minister and former captain Imran Khan who said the side should be proud.

The first lithium production facility in the Middle East will be established in the Khalifa Industrial Zone Abu Dhabi (KIZAD), a subsidiary of AD Ports Group’s Industrial Cities & Free Zone (IC&FZ) cluster. The facility will be built by Australia's Lepidico Ltd, a global lithium exploration and development company. Lepidico...

The gross volume growth was mainly driven by Asia Pacific, India, Australia, and the MENA region.

With the latest international climate conference just days away, the proposed ban will halt support to new coal power stations that don't have systems that trap the carbon emissions responsible for global warming.

Mining releases 4-7% of global greenhouse gas emissions.