Global Outlook

Nine persons were arrested the day after 141 people died in a bridge collapse in Morbi, Gujarat. There were also ticket vendors, security personnel, and representatives of Oreva, the firm that refurbished the bridge. Four days after the bridge reopened to the public, an enormous catastrophe occurred. Gujarat-based Oreva has been charged with breaking numerous safety regulations that caused it. The watchmaker Oreva allegedly outsourced the "technical part of the bridge renovation" to a smaller business with an unproven track record, Devprakash Solutions, shortly after agreeing to a 15-year contract with the Morbi city government. The old colonial-era bridge was in need of repairs when Oreva was contracted in March. On October 26, the day of the Gujarati New Year, the bridge was reopened to the public after being closed for seven months. By virtue of its contractual obligation, the company was required to close the bridge for up to eight to twelve months of upkeep and repairs.

 In advance of the elections, the ruling Aam Aadmi Party and the opposition BJP blame each other for the worsening air quality in Delhi. At 1 pm, some parts of the capital's air quality index ranged from 400 to 500, or the "severe" category. With pollution levels reaching their highest point since January in several areas of Delhi, the index is hovering around 500. The annual safe limit for PM2.5 (particulate matter with a diameter of 2.5 micrometers or less) concentration set by the World Health Organization is 40 to 60 times greater than this. The most recent air quality forecast predicts that it will deteriorate further and remain in the "very poor" category for at least a few days, possibly leading to health advisories. Members of the AAP protested in front of the Delhi Lieutenant Governor's office today, claiming that he disapproved of their "Red Light on, Gaadi Off" campaign to cut pollution on purpose. The LG, in response, asserts that AAP &

 Anyone determined or patriotic enough to make a list of groundbreaking episodes in Britain's long history is likely to add Rishi Sunak 's appointment as prime minister to it. Seeing a person of South Asian descent calling the shots in 10, Downing Street is undoubtedly one of those "I remember where I was when I heard" moments. As the son of East African Indians, Sunak is a product of the British Empire. A descendant of the colonized, one could say, is now the premiere of the colonizers. That could be the typical view from the perspective of anti-colonial theory. That has not been overlooked, of course, with members of Britain's South Asian community hailing his appointment as hugely symbolic. Indians and Pakistanis alike, whether Hindu, Muslim, or Sikh, have expressed pleasure at the development; Pakistani British MPs back his premiership, which supports that perception. With all of the attendant fanfare and the subtle right-wing racism over his ethnicity, some a

According to data from trade and shipping sources, India's imports of Middle Eastern oil hit a 19-month low in September, while imports from Russia increased despite processing disruptions that reduced overall crude imports. According to the data, Iraq continued to be the top provider, but Russia surpassed Saudi Arabia as the second-largest supplier after a month-long gap. The maintenance at refiners like Reliance Industries and Indian Oil Corp caused India's overall oil imports in September to drop to a 14-month low of 3.91 million barrels per day (bpd), down 5.6% from a year earlier, according to the statistics. According to the report, India's imports from the Middle East decreased by 16.2% from August to nearly 2.2 million bpd while imports from Russia grew by 4.6% to roughly 896,000 bpd. According to the data, the Middle East's share of India's oil imports fell to 56.4% from 59% while Russia's share increased to an all-time high of 23% from 19% the previo

 The United Arab Emirates (UAE) is the third in the world in international air traffic, according to the Secretary-General of the Arab Air Transport Association, Abdel Wahab Tuffaha.  During the meetings of the Arab Air Transport Association hosted by Etihad Airways, Tuffaha said that the UAE ranks the third largest country in the world in international air traffic and air transport activity after the United States and China, capturing 8% of the total traffic.  Tuffaha noted that the UAE has succeeded in making the air transport sector one of the main sectors that contributed to economic growth. Tuffaha also noted that Emirates plays a pivotal role in the sector worldwide. He said that the air transport sector in the UAE contributed over 12% to the country's gross domestic product (GDP) in 2019, noting that the percentage was the highest in the world and was more than double its global average. He explained that the Covid-19 pandemic affected the air transport sector. He explained

 More than 50 categories of specializations were granted golden residency in the United Arab Emirates for a period of ten years, under specific terms and conditions, in the annex to the regulations governing golden residency permits attached to Cabinet Resolution No. 65 of 2022 issuing the executive regulations for Federal Decree-Law No. 29 of 2021 regarding the entry and residence of foreigners. This resolution took effect on October 3. The annex stipulates that the Federal Authority for Identity, Nationality, Customs, and Ports Security shall grant a golden residence permit to scholars and specialized professionals in the event that the conditions and controls specified in this decision are met, and falls within this category: Those scientists and researchers from the Emirates Scholars Council recommend having a strong record of accomplishment and influence in their profession. Senior academics and religious leaders with significant influence who are recommended by the Ministry of Cu

 The BBC stated today that Rishi Sunak is expected to succeed David Cameron as the next prime minister of the United Kingdom . The former minister and Conservative party member, who is likely to enter office in the coming days, will be the first British prime minister of Asian heritage. The incoming prime minister has made some noteworthy comments about the Middle East. Sunak is a fervent advocate of links between the UK and Israel, just like other Conservatives. According to The Jewish Chronicle in London, he stated to the Conservative Friends of Israel parliamentary group earlier this year that he sees Jerusalem as Israel's capital. In an interview with the site, he also criticized the notion that Israel is an apartheid state. Liz Truss, the current prime minister, stated last month that she was thinking about following the United States' lead and transferring the British embassy from Tel Aviv to Jerusalem. Theresa Villiers, a fellow parliamentarian who represents London, pen

Can you actually convert dry lands into green landscapes? The UAE has made it possible by turning natural clay liquid into as thin as water. A Norwegian startup has been encouraged by the UAE by using technology that will mean spraying sand with Liquid NanoClay (LNC) and turning it into the soil in a matter of hours.  Counted as ‘green hero’, these are also being looked at as someone who will be fighting desertification; something the UAE has been trying to achieve for decades. Invented in the early 2000s by Norwegian scientist Kristian Olesen, Liquid NanoClay is the secret behind Desert Control’s amazing achievements. When sprayed onto the sand, this amazing invention trickles down and percolates the sand, turning it into water-retaining soil where plants can germinate and thrive. As one of the countries that have always encouraged innovation, startup culture is also taking off. The intent is to create a huge impact on food security, carbon footprint, and water consumption

 The Ministry of Industry and Advanced Technology (MoIAT) today announced the signing of two memorandums of understanding (MoU) between significant pharmaceutical and medical device businesses in the United Arab Emirates, totaling AED260 million ($70.8 million). The agreements, which were signed in the presence of Sarah bint Youssef Al Amiri, Minister of State for Public Education and Advanced Technology, are in line with the ICV Program and the National Strategy for Industry and Advanced Technology, both of which aim to draw manufacturers and investors to the UAE's pharmaceutical and medical equipment sectors, among others. In accordance with the agreements, Abu Dhabi Medical Devices Company (ADMD), a division of Abu Dhabi National Industrial Projects, Abu Dhabi Ports Group, and Abu Dhabi Polymers Company (Borouge), as well as PureHealth, one of the largest healthcare organizations in the UAE and a participant in the ministry's National ICV Program, will collaborate to establ

 The political situation in the UK has clearly had a bit impact on the markets, and now the rating agency Moody's has lowered its outlook from "stable" to "negative". Rating agencies, in essence, rate a country on the strength of its economy. It affects how much it costs governments to borrow money in the international financial markets. In theory, a high credit rating means a lower interest rate (and vice versa). Moody's said there were two "drivers" behind its decision to change the UK's economic outlook. It said the first was "the increased risk to the UK 's credit profile from the heightened unpredictability in policymaking amid a volatile domestic political landscape". The rating agency said it viewed the government's mini-budget, the reversal of the majority of the policies in it, and the change in prime minister as a "continuing reflection of the weakening predictability of fiscal policymaking seen in previous yea

 By joining and ratifying the UN Convention against Non-National Organized Crime and its protocols, the United Arab Emirates reaffirmed its commitment to helping fight the illicit trade in small guns and light weapons on a global scale. This was stated during a speech by Mohamed Suhail Al Neyadi, Director General of the Office of Weapons and Dangerous Materials of the Supreme Council for National Security, before a workshop yesterday in Tangiers, Morocco, organized by the League of Arab States in collaboration with the European Union and the Program of Small Arms Survey, the International Criminal Police Organ, to combat the illicit trafficking and proliferation of small arms and light weapons. In his speech, he reviewed the initiatives taken by the UAE to strengthen the capacities of law enforcement agencies and implement UN Security Council resolutions regarding the embargo on the supply of arms to any country against which a decision has been made to prevent the supply of arms, as

 Josep Borrell, the head of foreign policy for the European Union, denied on Tuesday that words he made last week were racist and apologized for any offense they may have caused. The remarks had drawn criticism from the United Arab Emirates (UAE). The UAE summoned the acting head of mission at the EU delegation to the UAE on Monday and demanded an explanation for Borrell's alleged racial remarks. Borrell referred to Europe as "a garden" and the majority of the rest of the world as "a jungle" that "might invade the garden" in remarks he made at the brand-new European Diplomatic Academy in Bruges, Belgium, which have since gained a lot of attention online. In a late-Tuesday blog post, Borrell explained that when he used the term "jungle," he was referring to the growing number of instances in which nations have violated accepted international standards by utilizing force, coercion, and extortion. "What I meant by the "jungle" wh

 The World Health Organization (WHO) launched a special batch of health accelerators in partnership with the UAE (United Arab Emirates) government. The WHO adopted the UAE government accelerators work model to enhance service delivery initiatives in the areas of health and healthcare at the global level in order to help people. According to Emirates News Agency WAM, this initiative came during a leadership meeting within the framework of the strategic partnership that was signed between the UAE government and WHO last December to promote the acceleration of service delivery in the fields of global health care. The WHO launched the accelerators in the presence of His Excellency Dr. Tedros Adhanom Ghebreyesus, Director-General of the WHO, and His Excellency Huda Al Hashemi, Assistant Minister of Cabinet Affairs for Strategy. Last year, WHO and the UAE launched the partnership through a Memorandum of Understanding (MoU) signed by Mohammad Bin Abdullah Al Gergawi along with Dr. Tedros Ad

 The Indian Minister of Finance and Corporate Affairs, Nirmala Sitharaman, met with Mohamed bin Hadi Al Hussaini, Minister of State for Financial Affairs, as part of the Ministry of Finance's (MoF) desire to strengthen cooperation connections with other nations around the world. The discussion, which was held in Washington during the G20 summit, focused on ways to strengthen bilateral collaboration between the two nations in areas of shared interest. Senior representatives from both parties attended the conference, along with Younis Haji Al Khoori, undersecretary of the Ministry of Finance, and Ali Abdullah Sharafi, assistant undersecretary of the International Financial Relationship Sector at the Ministry of Finance. Al Hussaini stressed during the meeting that MoF is eager to enhance bilateral ties between the UAE and India to include all areas of shared interest, notably in the financial, economic, and commercial sectors. He emphasized that the UAE supports the goals set by Ind

The meeting between Sheikh Mohammed bin Zayed al-Nahyan and Vladimir Putin, presidents of the UAE and Russia, which took place on Tuesday in St. Petersburg, marked the start of Emirati mediation in the Ukraine war. The immediate objective of this mediation is to ensure that the conflict de-escalates as the first step toward a long-term diplomatic solution. According to analysts, Emirati mediation is likely to be perceived as sincere because Abu Dhabi has so far refrained from pledging loyalty to any of the opposing parties. They emphasise how fascinating this situation is made the more so by Sheikh Mohammed bin Zayed's ongoing cordial relationships with the combatants and desire to actively take part in the mediation process. As the conflict threatens civilians and nuclear installations and seems to be getting out of hand, the world's capitals are likely to back the Emirati strategy. Following his meeting with Putin, Sheikh Mohammed posted on Twitter, "We discussed numero

 Juventus is preparing for much more financial suffering as they approach Champions League elimination, a month after declaring their largest-ever financial deficit. With two games remaining, Maccabi Haifa's dismal 2-0 loss on Tuesday left chief executive Andrea Agnelli feeling "ashamed" and "mad" as his team fell five points behind second-placed Benfica in Group H. For the first time since 2013, they risk failing to advance past the group stage. The club was forced to stay at their camp for three days prior to Saturday's league derby against Torino by coach Massimiliano Allegri, who is going through a trying second stint following a trophy-laden first one. Juve's difficulties in Europe occur at a particularly difficult time for the team; last month, the club announced a loss of 254 million euros ($247.07 million) for the previous fiscal year. Juventus will forfeit 9.6 million euros in prize money for making it to the round of 16 in the Champions League

 Mohamed Ibrahim Al Hammadi, the Managing Director and Chief Executive Officer of Emirates Nuclear Energy Corporation (ENEC), was elected by participants at the WANO Biennial General Meeting (BGM) in Prague, Czech Republic, to serve as the organization's new president. Many consider the UAE as a benchmark for delivering civil nuclear energy to the most excellent standards of safety, quality, and transparency as newer nations aspire to join WANO to support them in building their own civil nuclear plants. Al Hammadi emphasized his dedication to assisting both newcomer countries and current members in order to improve operational safety and dependability across the entire global fleet. The choice of ENEC's MD & CEO as the new President, making him the first Emirati and the first Arab to hold this office, also emphasizes the UAE's ongoing cooperation with the international nuclear community and the high standards of safety, security, and performance that ENEC upholds in all

 A leader in cybersecurity, Palo Alto Networks is an American multinational corporation (MNC) with headquarters in Santa Clara, California. It was founded in 2005. Helmut Reisinger was appointed as the Chief Executive Officer (CEO) for Europe, the Middle East, and Africa (EMEA), as well as Latin America, by Palo Alto Networks in January (LATAM). Reisinger served as the CEO of Orange Business Services and had executive positions at Avaya Inc., NextiraOne Germany, and Alcatel Austria in addition to other companies around Europe. During an exclusive interview with Khaleej Times at the ongoing Gitex Global 2022, the charming Austrian discussed the "fragmented state of the cybersecurity sector." "It's crucial to realize that the industry is split up and includes a number of players. Every time a hacker creates a new issue, a new business is born. Consider Palo Alto Networks, which has a 3.5% market share and is the top cybersecurity company globally. Hackers now have an

 Her Excellency Mariam bint Mohammed Almheiri, the Minister of Climate Change and Environment in the United Arab Emirates (UAE), participated in the 77th session of the United Nations General Assembly (UNGA) in New York as part of the UAE delegation, led by His Highness Sheikh Abdullah bin Zayed Al Nahyan, the UAE’s Minister of Foreign Affairs and International Cooperation. During the meeting, she highlighted the UAE’s efforts in sustainable development, climate action, and food security. During her speech, she said that the UAE is working with the international community to face challenges at the Berlin Conference on Climate and Security, which will address climate impacts on peace and stability.  The UAE also joined the High Ambition Coalition (HAC) to End Plastic Pollution, launched in 2022, which aims to eliminate plastic pollution by 2040. After joining the Coalition, the minister said, “The UAE is dedicated to supporting the Coalition’s efforts to build a global roadmap applying

 According to The Hindu, the Karnataka Police on Tuesday filed a case against a coffee estate owner and his son for allegedly abusing and imprisoning a group of Dalit women labourers in the Chikkamagaluru region. Following a complaint from one of the labourers, Arpitha, the first information report was filed. The estate owner, Jagadish Gowda, and his son Tilak have been charged under the Scheduled Castes and Scheduled Tribes (Prevention of Atrocities) Act and different sections of the Indian Penal Code, according to officials at the Balehonnur police station. 16 labourers were allegedly imprisoned by the accused for a number of days at the coffee plantation. The workers had borrowed money from Gowda, according to Chikkamagaluru district Superintendent of Police Uma Prashanth. The owner allegedly kept the remaining men locked up since several of the men who had taken out loans had gone home. Arpitha, the complainant, lost her unborn child after the assault, according to the police. Acc

 The President of Ukraine, Volodymyr Zelenskyy, said that he had held an "urgent call" with French President, Emmanuel Macron, after Russian forces' latest attacks on Ukraine. Zelenskyy wrote on Twitter, “I had an urgent call with Emmanuel Macron . We discussed the strengthening of our air defense, the need for a tough European and international reaction, as well as increased pressure on the Russian Federation. France stands with Ukraine.” Macron expressed France's commitment to step up military aid to help Ukraine. The two leaders exchanged views on a call after Russia reportedly struck multiple Ukrainian cities during rush hours on Monday.  Russia struck various cities in Ukraine during rush hour on Monday morning, killing 10 civilians and destroying infrastructure. In retaliation for an explosion that damaged a key bridge to Moscow-annexed Crimea, the Russian forces targeted the energy infrastructure in Ukraine. According to Ukraine’s national police service, at l

 Hollywood actress Amber Heard has reportedly used a different name to stay away from public attention while vacationing in Mallorca in Spain.  According to reports, she used a cowgirl pseudonym name to keep her out of the public eye. She used the name Martha Jane Cannary, also known as Calamity Jane, who was a gun-slinger, to rent a luxury villa in Spain, according to the Spanish newspaper El Mundo. Heard’s multimillion-dollar villa is located deep in the Mediterranean island’s interior in the town of Costix, a small municipality on Majorca, one of the Balearic Islands in Spain. The villa is reportedly owned by local politician Maria Antònia Munar, who was released from prison in 2020 after serving a seven-year sentence on corruption charges. The villa was on sale for $2.7 million this year. Heard rented the villa to live with her daughter. The villa has a movie theatre, an infinity pool, and a view of the Tramuntana mountains, a mountain range in Spain. The residents reportedly reco

 The Emirates Nuclear Energy Corporation (ENEC), the Nuclear energy company of the United Arab Emirates (UAE), has announced that Unit 3 of the Barakah Nuclear Energy Plant , its operations and maintenance subsidiary, Nawah Energy Company (Nawah), is successfully connected to the unit to the UAE’s transmission grid, paving the way to add more clean electricity at a time of global energy shortages.  Thousands more megawatts of clean electricity capacity have been connected to the grid, showing the significant progress being made in activating the four units of the Arab World’s first multi-unit operational nuclear plant. The nuclear plant consists of four APR-1400 nuclear reactors.  Unit 3 of the plant delivers the first megawatts of carbon-free electricity. It will now be increased and the unit will be tested in preparation for commercial operations in the coming months. It will also undergo the process of gradually raising power levels, known as Power Ascension Testing (PAT). The autho

 As the world's largest economy, the United States (US) has been among the preferred investment destinations for UAE (United Arab Emirates) investors. American companies have also invested in the UAE, with their headquarters located across the UAE. Microsoft, Oracle, Tesla, LinkedIn, Cisco, and Facebook have headquarters in Dubai, a city in the UAE.  In 2020, investors from the Emirates accounted for about $45 billion of FDI (Foreign Direct Investment) flows to the US. In 2021, there was more than US$25 billion in bilateral trade between the two countries.  Earlier, Marisa Lago, US Under Secretary of Commerce for International Trade, said there was enormous potential to further boost US-UAE trade ties. Over the past few years, many US companies have established a presence in the UAE. In 2016, US startup incubator 1776 opened an office in Dubai. In 2017, Elon Musk’s Tesla opened an office in the UAE. Microsoft also marked a major milestone when it opened two cloud region data cente

 Many American companies have considered the UAE their home as the headquarters of various US companies have been set up in the Emirates. The International Business Summit recently named Dr. Harsh Patel, the founder and global CEO of the Water and Shark group, a global Accounting and Legal Advisory Firm, as the UAE's Most Influential Finance and Legal Professional. Harsh Patel has vast experience in cross-border transactions, international tax, corporate law, GCC structuring advisory, family office setup, etc. He is a professionally certified Chartered Accountant and Corporate Lawyer.  He has received the Economic Times Young Leaders of Change Award and has been named one of Forbes India's "Top 100 Peoples Managers and Leader by Example." Harsh has embarked on a quest to become the greatest of the best because he sees a futuristic revolution occurring in the business world. At the age of 19, he founded his business, which offers a wide range of high-end services, incl

 The world’s richest person, Elon Musk , is thinking about creating an "everything app”. However, what does that mean? The question arose on Tuesday after Musk reversed course on his earlier decision not to buy the social media giant, Twitter.  Tesla's CEO is now willing to proceed with his original plan to buy Twitter for $44 billion. He wrote on Twitter, "Buying Twitter is an accelerant to creating X, the everything app." Musk didn’t provide many details about the app beyond a one-line tweet. Since then, people have started thinking about the app.  The concept of an everything app often referred to as a "super app" is very popular in Asian countries, especially China. ‘Everything app’ has been described as the Swiss army knife of mobile apps by tech companies. The ‘Everything app’ aims to offer a wide range of services for users like messaging, video chat, social networking, peer-to-peer payments, and e-commerce shopping. Does Elon Musk want to create an

 The world's richest man and Tesla CEO (chief executive officer), Elon Musk, lost over $15 billion in a day as Tesla shares plummeted the most in four months after the company blamed a disappointing deliveries report on shipment issues. According to the Bloomberg Billionaires Index, Tesla CEO Musks ' wealth declined by over 6% in a day with his total wealth at $223 billion as of October 4, 2022. Tesla delivered 343,830 vehicles to customers in the last three months, which was short of the almost 358,000 total that analysts expected as compiled by Bloomberg. The shipment issues increased the number of vehicles on their way to customers as the quarter ended. The share price of Tesla tumbled over 8% on Monday, its biggest one-day decline since June 3. Tesla was also by far the worst performer in the S&P 500 Index. Musk owns about 15% of Tesla, according to an August 2022 regulatory filing.  Tesla sells electric vehicles and home solar batteries. Musk is also the chief executiv

 Hollywood actress Amber Heard has landed in financial trouble as she has not paid fees to her legal team. She allegedly owes nearly several million in debt to her legal team. Elaine Bredehoft, who was Heard’s lawyer at the defamation trial held at Fairfax County, came forward a few days ago announcing that Heard was yet to pay her legal team the amount owed. According to new reports, Heard still owes a larger amount of money to her lawyers than to Johnny Depp after losing the trial. According to reports and various sources, the actress’s insurance company, New York Marine and General Insurance Co. filed a lawsuit asking to not be held accountable to cover Heard’s legal fees and trial expenses.  After the insurance company backed out of paying the $1 million covering the general liability policy, Heard now allegedly owes a total of about $15 million to both the insurer and her former lawyers. Earlier, Bredehoft said that the actress would not be able to bear the charges payable to he

 In order to improve the response in the education sector, the Cyber Security Council conducted the "Defensive Shield" exercise, which included multiple presentations to simulate various cyberattacks. This was done in collaboration with strategic partners from educational institutions and national universities in the nation. The "Defensive Shield" exercise in the education sector is one of a number of cyber attack simulation exercises designed to identify monitoring and response mechanisms that improve educational institutions' capacity to deal with cyber incidents and respond to them proactively and competently. The country. In order to train different educational institutions and evaluate their capabilities in the areas of crisis management, rapid response to electronic incidents, and a comprehensive vision of cyber security to support the nation's defense operations against various cyberattacks, the "Defensive Shield" exercise included simulate