PARIS, FRANCE -  Some 258 million people needed emergency food aid last year because of conflict, economic shocks and climate disasters, a UN report said Wednesday, a sharp rise from 193 million the previous year."More than a quarter of a billion people are now facing acute levels of hunger, and some...

SHARJAH, UAE -  Over 3.8 million passengers traveled through Sharjah Airport in the first quarter of 2023, recording a 28.01 per cent increase over the same period in 2022.The airport is expected to achieve even higher growth rates by the end of 2023.  The aircraft movement for the same term...

Iran's parliament voted in an impeachment session to remove the industry minister amid soaring prices as the Islamic republic's economy reels under the pressure of international sanctions. Reza Fatemi Amin failed to garner enough support in a vote of confidence that saw 162 MPs vote in favor of his removal...

Wall Street stocks pushed higher despite data that showed US economic growth is slowing, which raised fresh questions about interest rates hikes. The dollar rose against the euro and yen after the data showed US gross domestic product rose at an annual rate of 1.1 percent in the January to...

NEW YORK, US - UAE Minister of State Khalifa Shaheen Al Marar urged United Nations Security Council members to peacefully resolve conflicts by promoting dialogue and cooperation between states.Al Marar said at the UNSC,  "Our sustained commitment to effective multilateralism, grounded in international law and the principles of the UN...

SHARJAH, UAE -  India is among the UAE's most significant investment partners, with substantial mutual investments. Iron and steel rank among the top commodities exported from the UAE to India, the director of Hamriyah Free Zone Authority (HFZA) said.HFZA director made the remarks after the team successfully participated in the...

Global equities mostly slid on auto sector woes and economic fears about the prospect of more interest rate hikes aimed at cooling high inflation. Share prices of carmakers were hit hard after Tesla posted tumbling first-quarter profits as steep price cuts ate into margins at Elon Musk's electric auto company.

TEHRAN, IRAN- Iran said on Thursday it had "forced" a US submarine to surface as it was crossing the strategic Strait of Hormuz in the Gulf, a claim the Americans promptly denied.Admiral Shahram Irani, the commander of Iran's navy, told state TV the USS Florida nuclear submarine was "approaching and passing...

Diaverum is world’s third-largest provider of dialysis services.

Yemen faces its best chance to strike a peace deal since the country's civil war started over eight years ago, although much work remains to be done, UN envoy Hans Grundberg said. "The truce has continued to deliver well beyond its expiration six months ago. The parties are engaging on...

BAGHDAD, IRAQ - Iraqi Prime Minister Muhammed S. Al-Sudani chaired a meeting focused on discussing the provisions of the federal budget bill submitted to the Parliament. The meeting was attended by Parliament Deputy Speaker Muhsin Al-Mandalawi, Parliament Deputy Speaker Shakhwan Abdullah and MPs of the Parliamentary Finance Committee, as well...

The members also exchanged views on progressing the implementation of Multilateral Convention to Implement Tax Treaty Related Measures to Prevent base erosion and profit shifting (BEPS) to advance the international taxation agenda.

Equity markets rose, with Paris hitting a record-high, as investors reacted positively to easing inflation, recession concerns and some strong earnings. The dollar hit a year-low against the euro after official data this week showed high inflation slowing in the United States, fanning hopes the Federal Reserve would soon stop...

Countries must do more to avert the costly consequences of growing global trade fragmentation, and help avert a "second Cold War," the International Monetary Fund's managing director said. "I know what are the consequences of a Cold War: it is loss of talent and contribution to the world," Kristalina Georgieva...

ABU DHABI, UAE - ADNOC Logistics & Services (ADNOC L&S), the shipping and maritime logistics arm of ADNOC, announced on Thursday the deployment of five new-build Very Large Gas Carriers (VLGC).The gas carriers were built at Jiangnan Shipyard in Shanghai, China, and will be owned and operated by AW Shipping,...

The global economic slowdown and swelling interest rates are pummeling debt-ridden developing countries, the UN warned, urging bold global action to ward off catastrophe. In a fresh report, the United Nations Conference on Trade and Development cautioned that poorer countries were expected to suffer as higher interest rates eat away...

The Mohammed Bin Rashid Space Center in UAE said that Rashid Rover, onboard the HAKUTO-R Mission 1 Lunar Lander, is scheduled to land on the Moon on April 25. At around 7.40 pm (UAE time) on April 25, the Lander carrying Rashid Rover will perform multiple orbital control maneuvers before...

US consumer inflation slowed in March lessening the pressure on the Federal Reserve to maintain its aggressive posture to cool the economy. The rate of inflation year-over-year fell to 5.0 percent last month from 6.0 percent in February, the smallest 12-month increase since May 2021, as per the Bureau of...

Global government debt is on track to reach levels not seen since the height of the COVID-19 pandemic, the International Monetary Fund warned. China and the United States are responsible for the vast majority of the expected debt increase over the next five years, the head of the IMF's Fiscal...

The two leaders talked about de-escalation in the region and maintaining deterrence against threats from Iran and elsewhere.

TUNIS, TUNISIA - Tunisia's coastguard said Friday it had intercepted over 14,000 migrants trying to reach Europe from January to March, more than five times the number of those who attempted the trip in the first quarter of 2022."Coast guard patrols prevent 501 clandestine attempts to cross the maritime border and...

World food prices are still high but have fallen by a fifth compared to a year ago when prices soared to a monthly record high after Russia invaded agricultural powerhouse Ukraine, UN data showed. Prices have fallen 20.5 percent since March 2022 after a 12th straight monthly drop, the Food...

DUBAI, UAE -  MD and CEO of Dubai Electricity and Water Authority (DEWA) Saeed Mohammed Al Tayer discussed enhancing cooperation with top leadership of Siemens Energy here.Al Tayer met with Anne-Laure de Chammard, Member of the Executive Board of Siemens Energy AG, and Dietmar Siersdorfer, Managing Director of Siemens Energy...

The World Trade Organization said 2023 global trade growth would be slightly better than feared, but would remain "subpar", weighed down by the Ukraine war and stubbornly high inflation. Presenting their annual trade forecast, WTO economists said they expected to see the volume of global merchandise trade slow to 1.7...

GENEVA, SWITZERLAND - The Red Cross announced Tuesday that it would cut 1,500 jobs over the next 12 months in a drive to slash costs due to a funding crunch.The International Committee of the Red Cross (ICRC) said an expected drop in humanitarian assistance budgets over the next two years was...

GENEVA, SWITZERLAND - The global transition to renewable energy will require greater investment in integrated weather and climate services, the World Meteorological Organization (WMO) said.This investment is critical to ensure that energy infrastructure is resilient to climate-related shocks and to harness the power of energy generated from sources such as...

GENEVA, SWITZERLAND - The WTO’s annual Public Forum 2023 will focus this year on how trade can contribute to a greener, more sustainable future. The Forum will examine in particular how the services sector, digitalization and inclusive trade policies can support global environmental goals and help combat the climate crisis.Titled...

ROME, ITALY  -  The Food and Agriculture Organization of the United Nations (FAO) has welcomed a US$23.7 million contribution from the Norwegian government to scale up its response to humanitarian crises and emergencies.The contribution represents the largest single un-earmarked funding of its kind to date.The funds will be channeled through...

TOKYO, JAPAN -  Japan on Friday unveiled planned export controls on 23 items used to make semiconductors, following US pressure for countries to restrict Chinese access to the technology.The move was immediately slammed by Beijing, which warned against moves that "politicize, instrumentalize and weaponize" trade.It comes as Tokyo confirmed its top...

DUBAI, UAE – UAE Minister of Climate Change and Environment Mariam bint Mohammed Almheiri emphasized the importance of collaboration, data sharing and investment in achieving global solutions for promoting water sustainability.The minister made these comments in an interactive dialogue and side sessions at the United Nations in New York.The UN...

CHENNAI, INDIA - The UAE spoke on food and energy insecurity and their implications in the second Framework Working Group (FWG) meeting within the G20 Finance Track for 2023 held here on March 24 – 25.The meeting was held to discuss the progress made on the 2023 FWG work plan.G20...

UN Secretary General Antonio Guterres called on wealthy countries to move up their goals of achieving carbon neutrality as close as possible to 2040 in order to "defuse the climate time bomb." He made the remark while introducing a capstone report by the Intergovernmental Panel on Climate Change on the...

The OECD raised its global economic growth forecast as inflation eases and China emerges from Covid restrictions, but warned of vulnerabilities as seen in the US bank sector turmoil. The Organization for Economic Co-operation and Development said it now expects the global economy to grow by 2.6 percent this year.

VIENNA, AUSTRIA  -  Coca cultivation hit a record high by soaring 35 percent from 2020 to 2021, a UN report showed Thursday, amid new cocaine trafficking hubs emerging in southeastern Europe and Africa.Bolivia, Colombia and Peru - which have historically dominated the production of coca leaves - altogether cultivated an area...

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

Russia has agreed to extend the Ukraine grain export deal following talks with the United Nations - but only for a further 60 days. Moscow said it wanted to see "tangible progress" on a parallel agreement on Russian exports before the deal comes up for renewal again.

The UN announced that it had taken a significant step towards trying to fill a key gap in the fight against climate change: standardized, real-time tracking of greenhouse gases. The UN's World Meteorological Organization has come up with a new Global Greenhouse Gas Monitoring Infrastructure that aims to provide better...

RIYADH, SAUDI ARABIA - Saudi  Justice Minister Dr. Walid Al-Samaani inaugurated the International Conference on Justice here on Sunday.Several ministers, thought leaders and legal experts from around the world were present at the event.Over 4,000 persons and 50 international speakers took part in the justice conference.  Al-Samaani, with the participation...

Ras al Khaimah, UAE-- Sunreef Yachts Middle East has signed a cooperation agreement with RAK Maritime City for the development of a new facility in Ras Al Khaimah.The signature ceremony was in the presence of sheikhs, dignitaries and industry professionals. This initiative is an opportunity for both parties to leverage...

Abu Dhabi, UAE - The United Arab Emirates is the best country for expat lifestyle, according to a survey by the HSBC.A total of 36 percent of the people surveyed said chances of having a better lifestyle is the main reason for relocating to the UAE, significantly higher than any...

NEW YORK, US - Governments agreed on a way forward to update disease outbreak regulations ahead of meetings to draft new global guidelines for tackling pandemics, the World Health Organization (WHO) said.According to United Nations News Center, the two processes are complementary.They are guided by the need of making the...

ABU DHABI, UAE -  Minister of State for Financial Affairs Mohamed Hadi Al Hussaini headed the UAE delegation participating in the first G20 Finance Ministers and Central Bank Governors (FMCBG) meeting in 2023.Held for the first time under the Indian presidency in Bengaluru, the meeting discussed the progress under the...

PARIS, FRANCE -  Governments should urgently adapt their health systems to better respond to future shocks, given the huge impact of the COVID-19 pandemic on people and the global economy.Major investment is needed in the health workforce, alongside increased spending on prevention and digital infrastructure, according to a new Organization...

DUBAI,  UAE - MD and CEO of Dubai Electricity and Water Authority (DEWA)  Saeed Mohammed Al Tayer received a high-level delegation from Emerson headed by Lal Karsanbhai, President and CEO.Emerson is a global leader in technology, software, and engineering.The visiting delegation included Michael Train, Chief Sustainability Officer, Emerson; Vidya Ramnath,...

WASHINGTON, US - An explosion wounded four American military personnel during a raid that killed a senior Islamic State (IS) group leader in Syria, the US military's Central Command said Friday."Last night, during a partnered US and Syrian Democratic Forces helicopter raid in northeastern Syria, an explosion on target resulted in...

DUBAI, UAE - MD and CEO of Dubai Electricity and Water Authority (DEWA) Saeed Mohammed Al Tayer spoke of the organization's keenness to cooperate with leading international companies for the continuous development of its operations.Al Tayer made the remarks during discussions with a high-level delegation from France’s satellite operator Eutelsat,...

DUBAI, UAE -  Investopia, the global investment platform launched by the UAE Government, and Mubadala, the sovereign investor, announced a strategic partnership.This strategic partnership is focused on Investopia’s second annual event which will take place on March 2- 3, 2023 in Abu Dhabi, under the theme 'Envisioning Opportunities in Times...

SHARJAH, UAE - Financial innovation and technology trends in global financial services sector were in the spotlight during a panel session at the sixth edition of the Sharjah Investment Forum (SIF).Moderated by Goncalo Traquina, Head of Management Consulting in Financial Services, KPMG, panellists Eric Yang, CEO of MaskEX, Mirna Selman,...

NEW YORK, US - On the occasion of the International Day of Human Fraternity, the UN chief Saturday called for renewed commitment to forge an "alliance of peace" amid a surge in hate speech, sectarianism and strife.The International Day of Human Fraternity celebrates values that "are the glue that hold...

Saudi Arabia plans to invest more than US$266 billion to produce cleaner electricity and expand its power grid, the kingdom's energy minister said. Speaking at a forum organized by Saudi oil giant Aramco, Prince Abdulaziz bin Salman said the world's biggest crude exporter was also looking to become a global...