The US has warned that the reputational damage Israel will suffer if it storms a city where an estimated 1.4 million civilians are sheltering will far outweigh any possible military gain. UN chief Antonio Guterres said Friday that Gaza risked an "epic humanitarian disaster" if Israel launched a full-scale ground...
Govt source: Canada halting arms shipments to Israel
On Monday, the Canadian Parliament passed a nonbinding resolution calling for the international community to work toward a two-state solution between Israel and the Palestinians. Israel's relentless offensive against Hamas that has killed at least 31,819 people, most of them women and children, according to Gaza's health ministry.
Middle East and Africa smartphone shipments surge 30% YoY in Q4 2023
Dubai, Riyadh - Smartphone shipments in the Middle East and Africa (MEA) region witnessed a remarkable surge, growing by 30% year-over-year (YoY) and 9% quarter-over-quarter (QoQ) in the final quarter of 2023, according to Counterpoint’s Market Monitor Service. The MEA region demonstrated the highest YoY growth globally during this period,...
Shell halts Red Sea shipments over attack fears, say report
WASHINGTON, US - British oil giant Shell has paused transit through the key Red Sea shipping route indefinitely, over fears of escalating tensions involving Yemen's Houthi rebels, according to a media report on Tuesday. The worries of escalation grew after United States and United Kingdom strikes on scores of sites in...
15m electric cars will be shipped globally in 2023: report
Dubai, UAE - Nearly 15 million electric cars, including both battery electric and plug-in hybrid vehicles, are expected to be shipped worldwide in 2023, Gartner, a global research firm says in its latest forecast. The figure is anticipated to see a 19% increase in 2024, with a total of 17.9...
No alternative to first Ukraine-Russia grain deal: Turkey FM
The foreign minister said that his country does not see any alternative to the original initiative because in his words they carry risks. He completely dismissed an alternate route reportedly being considered by the US. Last month, Russia pulled out of a landmark deal that enabled Ukraine to export more...
DP World, Caspian Containers Company partner to help digitise international trade
The SeaRates platform will enable Caspian Containers Company customers to monitor the status and movement details of a container at any point during its journey.Ukraine welcomes Russian oil price cap agreed by EU, G7
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...
UN chief hopeful Russia will extend grain deal
United Nations Secretary-General Antonio Guterres hoped Russia would extend the deal that gives safe passage to Ukrainian grain shipments. The UN chief, addressing reporters in Bali ahead of a Group of 20 summit, said talks over the last week had delivered "progress" on the deal that is to end on...China hits Taiwan with fresh trade curbs as Pelosi visits
The trip by Pelosi, who is second in line to the presidency and the highest-profile elected US official to visit Taiwan in 25 years, has ignited a diplomatic firestorm. She landed in Taiwan late Tuesday in the wake of increasingly stark warnings from China, which considers the island a part...
After banning wheat shipments, India caps sugar exports
India said it has capped sugar exports to safeguard its own supplies and ease inflation, days after a ban on wheat shipments sent global prices soaring in the wake of the Ukraine war.
Stellantis MENA shipments up
Expansion into 10 new countries MENA countries strong driver for growth.
Iraq exported oil worth $7 billion in December
The additional revenues of $143 million were achieved from selling quantities of shipments of exported crude oil at a price premium.
A big haul of captagon shipments seized in Lebanon, Syria
Security forces in Lebanon and Syria said Saturday that they had seized two separate shipments of the banned stimulant captagon, the latest in a string of similar busts.
UAE energy ministry intensifies monitoring of liquefied natural gas shipments
The UAE's Ministry of Energy and Infrastructure said on Wednesday that it is intensifying inspections of liquefied natural gas (LNG) shipments coming to the country in collaboration with its partners. Intensified inspections are being carried out to ensure compliance with standards and technical regulations and specifications in place in the...
Iran-SKorea row worsens over oil billions frozen by US sanctions
Tehran threatens Seoul with legal action unless it releases more than $7 billion in funds for oil shipments. Iran was South Korea's third-largest Middle Eastern trade partner before the US unilaterally withdrew from a 2015 nuclear deal and reimposed crippling sanctions.
UAE’s non-oil economy picks up in July, strongest in two years
Latest IHS Markit UAE PMI says firms hoped easing of COVID-19 restrictions and the Expo 2020 later this year would help to improve economic conditions in the Gulf country.
