World’s largest private firms fail to set climate targets: report

PARIS: Only 40 of the world’s 100 largest private firms have set net-zero carbon emissions targets to fight climate change, according to a report released Monday, lagging far behind public companies. But for the world to meet the 2015 Paris Agreement to limit global warming 1.5 degree Celsius, all companies need to reduce their planet-heating … Read more

Renewable energy continues to gain momentum in Saudi Arabia, says report

TOKYO/SINGAPORE: Oil prices extended losses on Wednesday as worries about global demand due to weak economic momentum in China and a likely rise in US commercial stockpiles outweighed supply fears from heightened tensions in the Middle East, according to Reuters. Brent futures for June fell 40 cents, or 0.44 percent, to $89.62 a barrel by … Read more

Iran’s Mehr news agency removes report about closing Tehran’s airspace, denies publishing it

KHARTOUM: A year into Sudan’s civil war, Iranian-made armed drones have helped the army turn the tide of the conflict, halting the progress of the rival paramilitary Rapid Support Force and regaining territory around the capital, a senior army source told Reuters.Six Iranian sources, regional officials and diplomats — who, like the army source, asked … Read more

Saudi Arabia’s green hydrogen production efficiency positions it as a global leader: report

CAIRO: Saudi startups continue to demonstrate a pioneering stance by capturing almost half of the region’s total venture funding in the first quarter of the year, underscoring the Kingdom’s growing influence in the regional startup ecosystem.   In a notable achievement, Saudi ventures secured $224 million out of the $429 million raised across the Middle … Read more

BBC report finds Gaza evacuation warnings are ‘full of errors’

Watchdog calls on Sudanese authorities to lift suspension on Al Arabiya, Al Hadath, Sky News Arabia LONDON: Media watchdogs have called on Sudanese authorities to lift the suspension imposed on three Gulf networks earlier this week. On Tuesday, Sudan’s state news agency announced that the Ministry of Culture and Information had suspended the operations of … Read more

Report: 1 in 4 US Jews, Muslims unfriended or blocked people on social media since outbreak of Israel-Hamas war

LONDON: A UK-BASED journalist for Iran International has been released from hospital following an attack outside his London home.  Pouria Zeraati, a presenter for the independent Persian-language outlet, sustained leg injuries after the incident outside his home in Wimbledon, southwest London, last Friday. London’s Metropolitan Police said on Monday that Zeraati had been discharged from … Read more

British maritime agency receives report of incident off Yemen’s Hodeidah

How a ceasefire and unrestricted aid access could yet prevent a famine in north Gaza LONDON: Desperate appeals from UN agencies urging Israel to allow aid into Gaza to alleviate hunger and avert an imminent famine in the north of the embattled Palestinian enclave appear to have fallen on deaf ears. Despite a UN Security … Read more

Truce talks between Israel and Hamas to resume Sunday in Cairo – report

CAIRO: Jordanian Foreign Minister Ayman Safadi said on Saturday that “famine” in Gaza can be dealt with in a short time if Israel opened the land crossings for aid to enter.Safadi made the comments at a press conference with his Egyptian and French counterparts in Cairo.The UN and partners have warned that famine could occur … Read more

Saudi Arabia leads the charge toward energy transition: report

RIYADH: Saudi Arabia’s Tadawul All Share Index slipped on Thursday, losing 42.09 points, or 0.33 percent, to close at 12,565.89. The total trading turnover of the benchmark index was SR10.53 billion ($2.8 billion) as 54 stocks advanced, while 170 retreated.   Similarly, the Kingdom’s parallel market, Nomu, dropped 385.72 points, or 1.43 percent, to close at … Read more

Middle East business potential to flourish despite global turbulence: report

RIYADH: Saudi Arabia’s Tadawul All Share Index closed at 12,656.94 points on Monday, marking a decrease of 139.15 points or 1.09 percent.  Conversely, the parallel market, Nomu, concluded at 27,237.44, registering an uptick of 397.03 points or 1.48 percent.  The MSCI Index descended by 20.19 points to settle at 1,592.39, a drop of 1.25 percent. … Read more