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Showing posts from October, 2024

UAE sends fifth aid ship to Gaza Strip

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The UAE has launched a humanitarian operation called Operation Chivalrous Knight 3 to aid the Palestinian people in Gaza. Recently, the UAE sent a fifth aid ship loaded with over 5,000 tonnes of food, medical supplies, shelter materials, and ambulances. In total, more than 34,000 tonnes of aid have been provided, coordinated by UAE humanitarian organizations. The operation has also set up field hospitals, desalination plants, and automated bakeries to support Gaza’s population, while airdrops have supplied remote areas. This aid mission reflects the UAE’s ongoing commitment to alleviating Palestinian hardships.  

Top 10 African Nations Leading Infrastructure Development Race in 2024

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  Africa’s infrastructure is evolving rapidly, with nations advancing in development. The 2024 Ibrahim Index of African Governance (IIAG) reports significant infrastructure improvement across the continent, though an annual funding gap of up to $100 billion remains. The African Development Bank (AfDB) estimates Africa needs $130-$170 billion annually to meet infrastructure demands. Sub-Saharan Africa, in particular, must raise infrastructure investment to 7.1% of GDP to meet development goals, as investment now stands at only 3.5%. Strategic partnerships are pivotal, especially in renewable energy and transport sectors, as African nations work to support urban growth sustainably. Top-ranking countries leading in infrastructure investment include Morocco, Egypt, and Mauritius, noted for their commitment to sustainable and modern development solutions that serve as models for Africa.

UAE President receives phone call from President of Comoros

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  His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE, recently engaged in a constructive call with President Azali Assoumani of the Union of the Comoros, focusing on enhancing the partnership between the two nations. Their conversation centered on advancing cooperation across key sectors, especially economic development, investment, and other strategic initiatives. President Assoumani highlighted the enduring strength of UAE-Comoros relations and expressed his hope to broaden collaborative efforts, particularly within development projects that align with the countries’ shared priorities for sustainable growth and prosperity. His well-wishes for the UAE’s continued progress underscored the deep respect and aspiration for mutual progress under Sheikh Mohamed’s leadership.

Commonwealth nations adopt first ocean declaration

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  At the Commonwealth summit in Samoa, the 27th Commonwealth Heads of Government Meeting (CHOGM) saw 56 nations agree on the Apia Ocean Declaration, the Commonwealth’s first commitment to ocean protection. The declaration emphasizes safeguarding 30% of oceans, restoring marine ecosystems by 2030, and supporting sustainable blue economies. The summit also addressed calls for justice regarding the transatlantic slave trade. The declaration includes a commitment to adapt coastal zones to climate threats and calls for ratification of the High Seas Biodiversity Treaty and a global plastics treaty. Samoa's Prime Minister Fiame Naomi Mata'afa highlighted the significance of this united commitment to ocean conservation and justice.

Explained: Top Economically Stable Countries in 2024

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  Economic stability is the backbone of global influence and national quality of life, shaping infrastructure, innovation, and foreign policy. This article examines the world’s most economically resilient nations as ranked by U.S. News Best Countries , spotlighting their unique paths to stability. The United Arab Emirates, an example of rapid economic transformation, highlights how strategic migration and investment policies have expanded its influence globally. Other countries, from Switzerland’s financial resilience to Japan’s technological leadership, showcase varied models of economic strength, all contributing to a stable, prosperous future. Top 10 Economically Stable Nations United Arab Emirates Once reliant on fishing, the UAE’s oil discovery in the 1960s set it on a path of economic expansion. Dubai and Abu Dhabi today are global hubs with thriving tourism, innovation, and investment climates, attracting talent and businesses worldwide. Migrants from Africa have contribute...

Zimbabwe’s currency loses half of its value!!!

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  Zimbabwe’s economic challenges trace back to its 2008 hyperinflation crisis, which peaked at 79.6 billion percent, forcing the country to abandon its dollar for the US dollar in 2009. While a bond note reintroduced local currency in 2016, hyperinflation returned. The Zimbabwe dollar was reintroduced in 2019, but it continued to erode in value, prompting a shift to a gold-backed currency, the ZiG, in April 2024. However, recent devaluations, a rising black market, and dual official rates have destabilized the ZiG. Amid civil confusion, government agencies distribute salaries in both ZiG and US dollars. Despite reassurances from the Reserve Bank of Zimbabwe, many citizens remain uncertain about the future of their currency and economy.

BRICS Summit: President of Russia Vladimir Putin meets with Prime Minister of Ethiopia Abiy Ahmed

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  Ethiopian Prime Minister Abiy Ahmed attended his first BRICS summit, meeting Russian President Vladimir Putin on October 23. Putin praised Ethiopia’s entry into BRICS, emphasizing their century-long diplomatic ties and Ethiopia’s support for Russia at the UN. Abiy highlighted Ethiopia’s economic potential, calling for increased trade and investment within the bloc and positioning Ethiopia as sub-Saharan Africa’s third-largest economy. As a new member, Ethiopia's inclusion marks a strategic shift for BRICS, reinforcing the group's vision of a multipolar world that challenges Western dominance and amplifies voices from the Global South. BRICS, originally formed by Brazil, Russia, India, China, and South Africa, aims to foster economic cooperation among emerging economies. The bloc’s expansion reflects its desire to balance global power and provide a platform for non-Western perspectives, particularly from African nations like Ethiopia, which now plays a significant role in this...

Kazan Hosts 16th BRICS Summit Under Russia’s 2024 Chairmanship

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  The city of Kazan, Russia, is hosting the 16th annual BRICS Summit from October 22-24, as part of Russia's 2024 chairmanship of the bloc. Key discussions at the summit will focus on strengthening multilateralism, welcoming new members, and tackling regional challenges. Russian President Vladimir Putin is leading the summit and holding bilateral talks with leaders from India, China, South Africa, Egypt, and Brazil. Taking place in the Republic of Tatarstan, the summit brings together heads of state and representatives from international organizations. Russia assumed the BRICS presidency on January 1, 2024, a year that began with the bloc’s expansion, further enhancing global cooperation.

UAE Entry into BRICS Increases its Diplomatic and Economic Options

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  The United Arab Emirates has officially become a member of the BRICS group, following the ratification of its application by the five founding nations: Brazil, Russia, India, China, and South Africa. The announcement was made during the 15th BRICS Summit, held in Johannesburg from August 22–24, where leaders of the member countries met to discuss global economic cooperation. The UAE’s inclusion in BRICS reflects its strong commitment to multilateralism and constructive international dialogue, especially among developing and emerging economies. The UAE has long championed global peace, security, and sustainable development, and this membership further strengthens its role in advancing these values. The UAE had previously participated in the ‘Friends of BRICS’ forum and became a member of the BRICS New Development Bank in 2021, which focuses on infrastructure and sustainable development projects in emerging markets. His Highness Sheikh Abdullah bin Zayed Al Nahyan, UAE Minister of ...

UAE, Russian Presidents discuss strategic partnership, regional, international issues in Moscow

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  His Highness Sheikh Mohammed bin Zayed Al Nahyan, President of the UAE, and His Excellency Vladimir Putin, President of the Russian Federation, discussed strengthening bilateral relations within the framework of their strategic partnership.  The talks also covered several regional and international issues of mutual interest. The meeting, attended by key UAE officials including H.H. Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Foreign Affairs, and Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology, took place at the Kremlin during Sheikh Mohammed’s official visit to Russia. The discussions highlighted the growing UAE-Russia relations, particularly in the areas of economy, trade, investment, space, and energy. Additionally, both leaders addressed the recent BRICS Summit and the group’s role in fostering international cooperation. Sheikh Mohammed commended President Putin for his leadership of BRICS and extended his best wi...

UAE Brokers Major Russia-Ukraine Prisoner Swap, Reinforcing Diplomatic Role

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  This recent prisoner exchange between Russia and Ukraine highlights the UAE's emerging role in global diplomacy. In this exchange, facilitated by the UAE, 190 prisoners were swapped, with each side releasing 95 soldiers. The UAE's ability to bring the two nations to the negotiating table demonstrates its commitment to using diplomacy and humanitarianism to ease tensions in global conflicts. The Russian defense ministry confirmed the swap, and among the prisoners released was prominent Ukrainian human rights activist Maksym Butkevych, who had been sentenced to 13 years in a Russian-controlled court. Butkevych, known for his work as a co-founder of the independent Ukrainian radio station Hromadske, joined the Ukrainian armed forces in March 2022 and was captured in June the same year. The UAE's intervention in this conflict is part of a broader humanitarian effort, which has seen the Emirates facilitating the release of 1,788 prisoners between Russia and Ukraine over seven ...

UAE Dispatches 3 Planes with 120 Tonnes of Aid to Lebanon

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  The UAE has continued its humanitarian efforts in Lebanon, dispatching three additional planes loaded with essential relief supplies, including medical aid, food, ambulances, and shelter equipment. These flights are part of the ongoing national relief campaign, “The UAE Stands with Lebanon,” which began on October 8. Coordinated with key international organizations like the World Health Organization (WHO), the United Nations High Commissioner for Refugees (UNHCR), and the International Federation of Red Cross and Red Crescent Societies (IFRC), the initiative aims to provide crucial support to those in need. Launched under the directives of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, the campaign is overseen by His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President and Deputy Prime Minister, and H.H. Sheikh Theyab bin Mohamed bin Zayed Al Nahyan. Sultan Mohammed Al Shamsi, Assistant Foreign Minister for Development and International Organizations, emphasize...

Key highlights from inaugural EU-GCC Summit in Brussels

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  The Belgian capital, Brussels, hosted the first-ever EU-GCC Summit on October 16, under the theme "Strategic Partnership for Peace and Prosperity." European Council President Charles Michel and Qatar's Emir, HH Sheikh Tamim bin Hamad, co-chaired the event. The summit marked an important step in strengthening ties between the European Union and Gulf Cooperation Council (GCC) nations. Key outcomes from the inaugural summit included commitments to promote global and regional security, prevent conflicts, and resolve crises through dialogue and coordination. Both regions emphasized the importance of fostering a strategic trade and investment partnership, with the EU already serving as the GCC’s second-largest trade partner. They pledged to further enhance cooperation in energy, addressing climate change, and biodiversity loss, while striving for positive outcomes at the upcoming COP29 climate conference in Baku. In addition, the EU and GCC leaders agreed to explore collabor...

The United Arab Emirates’ GDP is expected to grow by 4.1% in 2025: World Bank

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  The World Bank’s latest MENA Economic Update, released on Wednesday, projects the UAE’s GDP to grow by 3.3% in 2024, increasing to 4.1% in 2025. Titled “Growth in the Middle East and North Africa,” the report highlights that the UAE will lead the region in real GDP per capita growth, with rates expected to reach 2.5% in 2024 and 3.4% in 2025. This growth is driven primarily by strong performance in the non-oil sector. The report also predicts a decline in the UAE’s current account surplus, from 9.2% of GDP in 2023 to 7.5% in 2024, despite ongoing diversification efforts. However, the UAE is anticipated to maintain fiscal surpluses of 4.9% of GDP in 2024 and 4.7% in 2025. Regionally, the MENA economy is expected to grow by 3.8% in 2025. Growth in GCC countries is forecast to rise to 4.2% in 2025, up from 1.9% in 2024. Developing oil exporters are projected to grow by 2.7% in 2024, while developing oil importers will see a slower growth rate of 2.1%. Overall, the region’s GDP growt...

African Space Agency Set for Official Launch at NewSpace Africa Conference 2025

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  The African Union Commission (AUC) is set to officially launch the African Space Agency (AfSA) at the 2025 NewSpace Africa Conference, hosted at Egypt Space City in Cairo. Following its establishment, AfSA will serve as the central organization promoting space cooperation across the continent. It will be responsible for implementing the African Space Policy and Strategy, working towards the space-related goals outlined by the African Union. AfSA will also be the primary liaison for Africa’s collaboration with global partners, particularly Europe. One of the agency’s key goals, as defined in the African Space Agency Act, is to enhance space missions across Africa, ensuring the accessibility of space-derived data, services, and products. AfSA will help streamline space initiatives at the national, regional, and continental levels, minimizing redundancy and inefficiency. As the primary governing body, it will oversee the implementation of Africa’s space agenda, ensuring that the con...

Tragic Bus Crash in Northeastern Egypt Claims Lives of 12 University Students

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  A tragic bus accident in northeastern Egypt has claimed the lives of at least 12 university students and left 33 others injured, according to the Egyptian Ministry of Health. The bus, carrying Galala University students from Suez, overturned on the Ain Sokhna Highway while returning to their dorms after classes. Local media reported that the driver has been arrested as part of the ongoing investigation, though the cause of the crash remains undisclosed. Emergency services, including 28 ambulances, swiftly responded to the scene, transporting the injured to the Suez Medical Complex. However, there was no immediate update on their condition. Both the Ministers of Higher Education, Ayman Ashour, and Health, Khaled Abdel-Ghaffar, extended their condolences to the families of the victims. Road accidents like this are unfortunately common in Egypt, where thousands of fatalities occur annually due to poor road conditions, speeding, and insufficient traffic law enforcement.

Farewell to Tito Mboweni: South Africa Mourns the Loss of Former Finance Minister

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  Following the passing of Tito Mboweni, former finance minister and South African Reserve Bank governor, tributes have continued to pour in from across the country. A tweet from 2018 has resurfaced, where Mboweni reflected on his life’s accomplishments and expressed his contentment with what he had achieved. In the tweet, Mboweni shared a conversation with his son, stating that he had done everything a reasonable person could wish for and only requested a decent burial when his time came. Mboweni, aged 65, passed away on Saturday night after a brief illness. Known for his private family life, he often engaged his 1.5 million social media followers with humor and commentary on political events. Mboweni served as South Africa’s finance minister from 2018 to 2021 and was the country’s first black governor of the Reserve Bank, a role he held from 1999 to 2009. His career also included a tenure as labor minister from 1994 to 1999. President Cyril Ramaphosa expressed deep sorrow at Mbow...

Growing Fear and Hunger Worsen Humanitarian Crisis in Northeastern Nigeria

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  The ongoing conflict in northeastern Nigeria, driven by Boko Haram’s insurgency, has worsened hunger and malnutrition among displaced populations, according to humanitarian workers and local sources. Although organizations like the World Food Program (WFP) are delivering food and essential aid to some displaced individuals, many in hard-to-reach areas remain without assistance, particularly in regions still dominated by extremist violence. Since Boko Haram began its campaign in 2009 with the goal of imposing Islamic Sharia law, the group has caused widespread devastation. The conflict has resulted in the deaths of at least 35,000 people and displaced 2.1 million, according to U.N. figures. The insurgency’s impact extends beyond Nigeria, affecting neighboring countries like Cameroon, Chad, and Niger. In Borno state, the group continues to pose a threat, with 1.8 million civilians impacted since 2020 alone. Cindy McCain, Executive Director of the WFP, recently visited Damasak near...

UAE Ambassador Dr. Salem Al Naqbi Meets with Kenya’s Cabinet Secretary for Environment and Forestry

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  Recently, His Excellency Dr. Salem Al Naqbi, UAE Ambassador to Nairobi and Permanent Representative to the United Nations Environment Programme (UNEP) and the United Nations Human Settlements Programme (UN-Habitat), met with Kenya’s Minister of Environment and Forestry, His Excellency Aden Parry Duale. This meeting represents a significant milestone in strengthening environmental cooperation between the UAE and Kenya. During the meeting, both leaders discussed strategies to advance collaboration in environmental conservation and sustainable development. The UAE, a steadfast advocate of global environmental initiatives, reaffirmed its commitment to working closely with Kenya, a nation recognized for its progress in environmental management and conservation efforts. At a time when the world faces mounting environmental challenges, the cooperation between the UAE and Kenya serves as a model for international partnerships. This collaboration underscores the critical need for global ...

South Africa’s ‘High Priest’ Ray McCauley Passes Away at 75

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  Ray McCauley, the renowned founder of Rhema Bible Church, passed away peacefully at home late Tuesday, surrounded by loved ones, the church announced. Known for his powerful oratory and influence, McCauley established the evangelist-style Rhema Bible Church in 1979, which has since grown to over 45,000 members, making it one of South Africa’s most prominent churches. Although he stepped down as head pastor in 2022, McCauley continued preaching until his final days. Tributes poured in after his passing, reflecting on both his significant impact and the controversies surrounding him. While admired by many, McCauley’s ties to political figures, particularly his support for former President Jacob Zuma, sparked debates. He was also known for his lavish lifestyle, prompting criticism as a proponent of the prosperity gospel. Despite these controversies, his influence was undeniable, with high-profile figures attending his church, and his role on the National Interfaith Leaders Council ...

Mozambique votes for president and the ruling party could extend its 49 years in power

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  Mozambique is holding its presidential election on Wednesday, expecting the ruling Frelimo party toextend its 49-year hold on power since the nation gained independence from Portugal in 1975. Daniel Chapo, Frelimo’s candidate, aims to succeed President Filipe Nyusi, who has completed his two-term limit. Analysts point to 50-year-old Venancio Mondlane, an independent candidate and newcomer to national politics, as Chapo’s strongest competitor. In addition to electing the president, citizens will vote for parliamentary representatives and provincial governors in this nation of 33 million people. Mozambique’s history includes a devastating 15-year civil war that ended in 1992, and it continues to face militant insurgencies in the northern Cabo Delgado region. Both presidential candidates have pledged to address the insurgency and restore stability to the region, where over 1.3 million people have been displaced. Voters are calling for a leader who will tackle government corruption,...

Saqr Ghobash Engages in Parliamentary Cooperation Talks with Comoros Parliament President

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  The Federal National Council of the United Arab Emirates hosted His Excellency Engineer Mustadran Abdo, President of the Federal Parliament of the Union of the Comoros, and his delegation in Abu Dhabi to explore ways to strengthen parliamentary cooperation. During the meeting, His Excellency Saqr Ghobash, President of the Federal National Council, emphasized the importance of fostering closer ties between the two nations. They discussed enhancing parliamentary cooperation through the exchange of visits and increasing coordination on issues of mutual concern. Both parties highlighted the positive growth in relations, particularly in the fields of economy, trade, and investment. Engineer Mustadran Abdo expressed gratitude for the warm reception, noting his country's eagerness to further develop cooperation with the UAE. He praised the UAE’s efforts in promoting peace and stability regionally and globally, and both leaders underscored the value of advancing parliamentary dialogue on...

UNICEF Reports At Least 13 Children Killed in North Darfur Fighting

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The ongoing conflict between the Sudanese army and rival paramilitary forces in North Darfur has tragically claimed the lives of at least 13 children, with four others wounded, according to UNICEF. These children, aged between 6 and 17, were among the victims of air strikes launched by the Sudanese army targeting a market in Al Kuma, about 70 kilometers east of El Fasher, North Darfur’s capital. Local reports, including the Sudan Tribune and Central Observatory for Human Rights, indicate that the strikes also affected the town of Mellit, killing at least 45 people and injuring dozens. Additionally, Hamrat al-Sheikh in North Kordofan was struck, an area previously untouched by the conflict. This escalation has drawn sharp criticism from former Sovereignty Council member Mohammed H. al-Ta’ishi. Since the conflict erupted in April 2023 between the Sudanese army and the Rapid Support Forces, the UN estimates over 20,000 fatalities, with more than 10 million displaced, 2.4 million of whom h...

Cooperation between Nigeria and the United Arab Emirates strengthened with a view to mutual growth

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  The relationship between the United Arab Emirates and Nigeria has reached a new milestone with the resumption of daily Emirates Airlines flights between Lagos and Dubai, coinciding with Nigeria's 64th Independence Day celebration. This development is expected to enhance travel and business opportunities, fostering greater economic ties between the two nations. Emirates Airlines also announced new transit options via Cairo and Addis Ababa through Egypt Air and Ethiopian Airlines, along with a partnership with Nigeria's Air Peace to explore new routes to Dubai. Adnan Kazim, Emirates' Commercial Director, emphasized that this would significantly benefit key Nigerian sectors, particularly agriculture, with Emirates SkyCargo offering over 300 tonnes of weekly cargo capacity to support the export of goods to Dubai and beyond. Kazim highlighted that this boost will help Nigeria diversify its economy beyond oil, unlocking new markets, boosting tourism, creating jobs, and promoti...

The President of the United Arab Emirates begins an official working visit to Egypt

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  During His Highness Sheikh Mohamed bin Zayed Al Nahyan's official visit to Egypt, he and Egyptian President Abdel Fattah El-Sisi attended a ceremony honoring graduates of the Egyptian Military Academy and Colleges. Upon their arrival at the academy, they were warmly received by senior military officials, including Lieutenant General Abdel Majeed Saqr, Commander-in-Chief of the Armed Forces, and Lieutenant General Ahmed Khalifa, Chief of Staff of the Egyptian Armed Forces. The event also included a guard of honor and the playing of both nations' national anthems. In a symbolic gesture, the two leaders participated in a flag-raising ceremony, with helicopters flying the flags of the UAE, Egypt, and the Egyptian military branches overhead. Sheikh Mohamed bin Zayed expressed his gratitude for the warm reception by signing the VIP visitors' book and extended his wishes for Egypt's continued success and development. Also present at the ceremony were Sheikh Hamdan bin Mohame...

UAE plans to invest $23 billion in low-carbon energy solutions over the next five years

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  The United Arab Emirates (UAE) plans to invest $23 billion over the next five years in next-generation low-carbon energy sources such as hydrogen and ammonia. Abu Dhabi National Oil Company (ADNOC) aims to capture 5% of the world’s clean hydrogen production by 2030, according to Musabbeh Al Kaabi, Executive Director of ADNOC’s low-carbon division. While continuing to develop oil and natural gas, ADNOC will produce hydrogen and ammonia both in the UAE and Texas, focusing on blue and green hydrogen, which emit low to zero greenhouse gases. ADNOC plans to process hydrogen into ammonia, a more easily transportable form, for export to markets like Japan, South Korea, and Europe. Global low-carbon hydrogen production is expected to reach 38 million tonnes annually by 2030. ADNOC’s long-term partnerships with Japanese companies will support Japan’s decarbonization efforts, reflecting the UAE’s role in promoting low-carbon solutions through collaboration with energy consumers worldwide....

Diamond Platnumz nominated for artist of the year in the United States

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  Tanzanian music superstar Diamond Platnumz, known for his hit single "Komasava," is gearing up to compete against Nigeria’s top artists at the African Entertainment Awards USA (AEAUSA) in November. The recently released AEAUSA nominations place Diamond in the coveted ‘Artist of the Year’ category, where he will go head-to-head with heavyweights like Burna Boy, Davido, Yemi Alade, Ayra Starr, Asake, Rema, Wizkid, Adekunle Gold, and rising South African sensation Tyla. In addition to 'Artist of the Year,' Diamond is also nominated for 'Best Male Artist,' competing against giants like Davido, Burna Boy, Wizkid, Olamide, Rema, Kizz Daniel, Black Sherif, Fally Ipupa, and his former collaborator Harmonize. These nominations highlight Diamond’s immense impact across Africa, solidifying his status as a continental icon. Tanzanian female artist Nandy has also secured a spot in the ‘Best Female Artist’ category, where she’ll face competition from big names like Yemi ...

UAE Expresses Concern Over Lebanon Escalation, Announces $100 Million Aid

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  The United Arab Emirates has voiced deep concern over the escalating situation in Lebanon and its potential impact on regional stability. Emphasizing Lebanon’s national unity and sovereignty, the UAE reaffirmed its unwavering support for the Lebanese people during this challenging time. The UAE government is taking immediate action, with President His Highness Sheikh Mohamed bin Zayed Al Nahyan directing a $100 million relief package to aid those affected in Lebanon. The UAE Ministry of Foreign Affairs (MoFA) highlighted the urgency of international cooperation to halt the rising conflict and prevent further casualties. In their statement, the Ministry emphasized the need for full protection of civilians, in line with international law and treaties. The relief package aims to provide critical humanitarian assistance and alleviate the growing humanitarian crisis in Lebanon. This initiative reflects the UAE's longstanding commitment to peace and stability in the region, with a focu...