Ocean freight shipping rates are set to increase further in early February amid the ongoing Red Sea crisis. According to the Xeneta ocean freight rate benchmarking platform, market average short-term…
What can we expect in 2024? Record global temperatures with increasingly harmful effects, a cost-of-living crisis, and escalating tensions in the Middle East
Carbon emissions generated during the first two months of the Gaza war exceeded the annual carbon footprint of more than 20 of the world's most climate-vulnerable nations
With inflation impacting markets and international interest rates for more than a year, the outlook on inflation remains uncertain. However, the International Monetary Fund (IMF) expects most…
International trade is coordinated through numerous shipping lanes worldwide. According to the International Maritime Organisation (IMO), about 90% of goods moved globally travel by ocean – however,…
In 2022, Lockheed Martin was the world's largest arms-producing and military services company, with arms sales amounting to nearly $60bn. Except for three European companies and one Russian, all the…
In recent years, the world has witnessed a noticeable increase in the greenhouse effect phenomenon due to the increasing and continuous burning of fossil fuels, threatening Earth’s life-friendly…
The number and value of sovereign wealth funds (SWFs) grew steadily during the last decades. Seventy-three new sovereign wealth funds were established worldwide between 2010 and 2022. That is 23 more…
In a wide-ranging interview with Al Majalla, Michael Mainelli discusses Saudi-UK ties, investments in AI and renewable energy and describes Saudi Vision 2030 as 'amazing and ambitious'
Intended as a means of avoiding future deadly conflagrations, nations' refusal to impose sanctions and targeted countries' ability to circumvent them made them ineffective in many cases
After a devastating fire in 2019, this 1,000-year-old symbol of French pride and identity is nearing its reopening, yet few know its connection to Syria's Qalb Lozeh and Middle Eastern architecture