In a statement after the meeting, which Ukrainian President Volodymyr Zelensky also attended, the leaders vowed to "raise the cost" of Russia's war on Ukraine. The G7 leaders didn't make any public statement about further military aid to Ukraine, but urged "the approval of additional support to close Ukraine's remaining...

WTO members' trade ministers have their biennial meeting in Abu Dhabi from February 26-29, at which they could put the final touches to a further fisheries deal. But other potential agreements seem stuck in the weeds as anxiety swells over the impact of current geopolitical tensions.

Ahead of a key meeting of NATO defense ministers in Brussels and the second anniversary of the Russia-Ukraine war, Jens Stoltenberg insisted that "we need to reconstitute and expand our industrial base faster, to increase deliveries to Ukraine and refill our own stocks." "This means shifting from slow peacetime to...

It will deliver US$1.75bn in buybacks for Q4 of last year.

The carrier flies mostly throughout Europe.

Scholz's government had promised to build 400,000 homes a year to alleviate an endemic housing shortage made worse by burgeoning demand from an inflow of refugees and foreign workers. But building permits have nose-dived 25 percent between January and June compared to a year ago.

Modified Iranian drones used by Moscow in its war in Ukraine could feed back to Iran, which in turn may employ them in its campaign to prop up Syrian President Bashar al-Assad, Lieutenant General Alexus Grynkewich told a briefing in Abu Dhabi. Washington accuses Iran of supplying Moscow with drones...

President Joe Biden's administration has insisted that Iran will only be allowed to use the money to buy food, medicine and other humanitarian goods. Iran had generated the $6 billion in question by selling its oil to South Korea, a close US ally, which froze the funds after the US...

G20 leaders have been deeply riven over the Ukraine war since Moscow's invasion last year, with Russian President Vladimir Putin skipping the summit entirely to dodge political opprobrium. Leaders of the Group of 20, which brings together Russia and China as well as some of Ukraine's most ardent backers, have...

Russia, which was not invited to the summit, said that a resolution was possible if Ukraine "stopped the hostilities and terrorist attacks" and if Western countries stopped arms supplies to Kyiv. It also called on Ukraine to cede its occupied territories to Moscow.

On Sunday, the Ukrainian embassy charged that "the current Israeli government" had "opted for a path of close cooperation with the Russian Federation". It noted a "near absence of Israeli humanitarian assistance to Ukraine" and a recent statement by Prime Minister Benjamin Netanyahu that Israel needed to cooperate with Russia...

"In May, 33 vessels departed Ukrainian ports, half of the number compared to April. Only three of those departed from the port of Yuzhny/Pivdennyi, one of the three Ukrainian ports covered in the Initiative," Stephane Dujarric, spokesperson for UN Secretary-General said. He linked the slowdown at port of of Yuzhny/Pivdennyi...

Following the shipment suspension and "as a result of the economic outlook, Nintendo of Europe has decided to wind down operations of its Russian subsidiary", the company said. Nintendo's eShop was already "under maintenance" in Russia because its payment provider had stopped ruble transactions.

The IMF said the 2023 upgrade reflected "higher-than-expected resilience" in both demand and supply, alongside improved confidence in reduced post-Brexit uncertainty as well as lower energy costs.

Syrian President Bashar al-Assad returns to Arab League Summit, which confronts conflicts across the Middle East and beyond, including the war in Ukraine.

G7 leaders, including the heads of nuclear-armed Britain, France and the United States, arrived at the city's Peace Park to a sodden red carpet welcome from Prime Minister Fumio Kishida, who is from Hiroshima. The leaders were also scheduled to speak with survivors of the bomb, which killed some 140,000...

The Frankfurt-based institution has already lifted rates 3.5 percentage points since July last year to tame energy and food costs that surged after Russia invaded Ukraine. But there is debate about whether the ECB will opt for a 50-basis point hike -- as it did at its previous three meetings...

Cyrus de la Rubia, chief economist at Hamburg Commercial Bank (HCOB), said the indices for the eurozone showed "a very friendly overall picture of an economy that continues to recover" but warned "a closer look reveals that growth is very unevenly distributed". Inflation fell to 6.9 percent on an annual...

Paris, France - With flowing kaftans, fluid separates and glamorous maxi dresses, Western luxury fashion brands are increasingly targeting the monied Middle Eastern market with Ramadan capsule collections. "You're about to be the best-dressed person at every iftar and suhoor that you attend," declared Cosmopolitan Middle East magazine earlier this month...

The world's leading developed economies are all targeting net-zero emissions by 2050 or sooner after signing the Paris Agreement to cap global warming at well under two degrees Celsius. But they differ on how to respond to the energy squeeze caused by Russia's war in Ukraine, with host Japan among...

Multi-day weddings, feeding the bereaved and homemade bread are all becoming things of the past in rural Egypt.

The firm's net Q1 sales rose by 24.8 percent.

The IMF predicted the global economy will grow by 2.8 percent this year and three percent in 2024, a decline of 0.1 percentage point from its previous forecasts in January. The American economy is expected to grow by 1.6 percent in 2023, up 0.2 percentage point on IMP's previous forecast.

At a time when many Western countries are ramping up nuclear power in their transition to greener energy sources, Europe's biggest economy is resolutely sticking to its plans -- though not everyone is in agreement. Germany has been looking to phase out nuclear power since 2002, but the decision was...

US officials told that some documents appeared to be manipulated but many were consistent with CIA World Intelligence Review reports that are shared at high levels within the White House, Pentagon and State Department. "We have been in communication with the Department of Defense related to this matter and have...

Abu Dhabi, UAE -- The Central Bank of the UAE Friday revoked the license of Russia's MTS Bank's, which was granted last year. The bank said that under its supervision, the operations of MTS bank, which is licensed in Abu Dhabi, would be wound down within six months. Revocation of...

Finland and its neighbour Sweden ended decades of military non-alignment and decided to join NATO last May. Their applications were accepted at a June alliance summit but the bids still needed to be ratified by all the members' parliaments -- a process that stalled with Turkey and Hungary.

The company's profit more than doubled in the first quarter.

Face-to-face talks between Biden and Trudeau covered a range of areas where both sides are pushing for improvements. A joint statement said that Biden and Trudeau agreed to modernizing their countries' joint air defense alliance, NORAD, with Canada putting billions of dollars into improved radar and fighter aircraft infrastructure.

Putin called the talks with Chinese president "meaningful and frank" and said that Russia, which has been largely cut out of European markets because of sanctions, would be able to meet China's "growing demand" for energy. Xi's trip coincides with a surprise visit to Kyiv by Japanese Prime Minister Fumio...

But US officials and experts say that China's diplomacy is not so much about ending the war as an attempt to change the narrative. Xi "would like to be seen and be taken seriously as a peacemaker," said Robert Daly, director of the Wilson Center's Kissinger Institute on China.

Xi is pushing for a greater role for China on the global stage and rumours that he may soon hold his first call with Ukrainian President Volodymyr Zelensky have raised hopes in Western capitals that Xi may lean on his "old friend" Putin to stop his bloody invasion during the...

Zara owner is the world's biggest fashion retailer.

Lukashenko said he had observed "with great respect the perseverance with which the (Iranian) people resist external pressures, attempts to impose the will of others on them". "And I see that, despite everything, you are developing modern technologies and nuclear energy," he added about Iran's contested nuclear programme which has...

It posted $161bn profits last year on high oil prices.

The Egyptian pound has lost half of its value, propelling annual inflation in the import-dependent country to 26.5 percent in January, figures in February showed. Of the $34.2 billion in Cairo's foreign reserves -– a 20-percent drop from February 2022 –- some $28 billion are deposits from wealthy Gulf allies....

It, however, posted a jump in revenue to $15.7bn.

The group sold over two million cars in 2022

The company's sales rose by 11.4% to $49.7 billion

Raisi is expected to hold private talks with his Chinese counterpart President Xi Jinping in the capital Beijing, with the pair expected to sign a number of "cooperation documents". The two met for the first time last September in Uzbekistan at a summit for the SCO, where the Iranian president...

The post-tax figure was more than double the amount.

Israeli PM's remarks come after a visit by US Secretary of State Antony Blinken, who called for calm following a flare-up of violence between Israel and the Palestinians and also nudged Israel to boost support to Ukraine.

While China's easing of coronavirus restrictions paves the way for a faster-than-expected recovery, the rise in central bank rates to fight inflation and Russia's war in Ukraine continue to weigh on economic activity, the Washington-based crisis lender said in its report. But "adverse risks have moderated" since October's forecast, the...

Production of the fuel reached 3.1 trillion cubic feet for the month of October, according to the most recently available US data, an all-time high and up almost 50 percent from the level a decade ago.

The company reported a big drop in profits in 2022.

The area of land used for opium poppy cultivation expanded by a third to just over 40,000 hectares in 2021-22 -- the first full growing season since the coup -- according to a United Nations Office on Drugs and Crime (UNODC) report released Thursday.

The UN drugs agency noted that an increase in cases of human trafficking had been observed in Bangladesh and the Philippines after devastating cyclones and typhoons displaced millions.

Italian Prime Minister Giorgia Meloni and several ministers arrived in Algeria on Sunday, state media reported, ahead of meetings with top officials in the gas-exporting giant.

Analysts attribute the sharp slowdown to the so-called base effect, which makes year-on-year price increases look smaller when compared to extremely high levels 12 months earlier. The latest reading is still higher than in any another other emerging market except for Argentina. But it fulfils Erdogan's campaign promise that inflation...

Economists expect Germany and another major eurozone economy, Italy, to fall into recession. Britain's economy is already shrinking. Rating agency S&P Global foresees stagnation for the eurozone in 2023. But the International Monetary Fund still expects the world economy to expand in 2023, with growth of 2.7 percent. The OECD...