Global Outlook

The death of a 16-year-old girl in Delhi, India’s capital territory, has sparked concern about women’s safety in India. The girl was stabbed and bludgeoned to death in an alley while pedestrians passed by has caused uproar in India about women's safety. CCTV footage showed that the youngster was approached in public by a man, identified by authorities as 20-year-old Sahil Khan, who stabbed the teenage girl more than 30 times and struck her with a concrete slab. The assault was witnessed by several people. Reportedly, one man attempted to interfere but he was forcefully spurned by the assailant, nothing further was done to stop him. No one alerted the police, and her body stayed in the alleyway for 30 minutes after the murder until it was discovered by a police informant. According to authorities in Delhi, Khan was in a relationship with a teenage girl. He wanted to kill her when she attempted to end the relationship. He allegedly followed her from the market to the dark alley, wher

 A delegation from the Ministry of Economy of the United Arab Emirates (UAE) traveled to Bengaluru, India, in May to participate in the second G20 (Group of 20) Trade and Investment Working Group Meeting (TIWG). The UAE delegation was led by Juma Al Kait, Assistant Undersecretary for Foreign Trade Affairs at the Ministry of Economy of the UAE. More than 100 participants from G20 member countries, regional groups, and international organizations attended the three-day meeting in India. The forum was held under India's G20 Presidency to examine crucial issues in global trade and investment. During the meeting, Juma Al Kait highlighted the importance of the participation of small and medium-sized businesses in building resilience across global value chains. He also noted that the UAE is set to host MC13, the 13th World Trade Organization (WTO) Ministerial Conference (MC13), in Abu Dhabi, the capital of the UAE, in February 2024. He further said, “The UAE’s participation in the G20 tra

 This week, the UAE is expected to reveal the new petrol rates for the month of June. After falling in April and rising again in March, the price of gasoline increased nationwide in May. Prior to that, it had declined consecutively in January and February of this year. Super 95, Super 98, and E-Plus will all see price increases, while diesel will see a decrease. May had the highest gasoline prices of the year, while diesel prices were at their lowest. The 2020 coronavirus pandemic prompted the Fuel Price Committee to freeze prices. Later, in March 2021, the restrictions were eliminated to coincide with the global increase in oil prices. Additionally, a global rise in crude oil prices has an impact on gasoline costs.

How precious can a cell phone actually be? Rajesh Vishwas, food inspector of Koyalibeda block in Chattisgarh, visited the Kherkatta Paralkot reservoir last Sunday to enjoy his day off. But he dropped the device into the 15-foot-deep water while taking a selfie - eventually setting in motion a long process of emptying the dam to retrieve the valuable entity. A pump was made to run for full three days, draining out millions of litres of water. By the time his Samsung S23 phone worth around $1,200 was retrieved, it was too water-logged to work. Although Vishwas claimed the device contained sensitive government information and needed to be retrieved, he has been accused of misusing his position. The food inspector said he had received verbal permission from an official to drain "some water into a nearby canal", adding the official said the process would, in fact, help the farmers who would get more water. The 'Mission Mobile Khojo' finally came to an end when another offi

 11-year-old Aderrien Murry, who was shot by an officer after calling police over a domestic disturbance case, has been discharged from hospital, his family says. Mississippi police arrived at his house on Saturday, then shot him in the chest, according to his mother. While the Mississippi Bureau of Investigation is probing the shocking incident, the officer involved has been placed on leave. His mother, Nakala Murry, has asked for the officer to be dismissed and charged. Meanwhile, the child is recovering at home after being discharged from a local hospital, where he received treatment for fractured ribs, a collapsed lung, and a lacerated liver. At a press conference on Monday, Ms Murry said she instructed her son to ask for help after the father of another of her children showed up at their house and started acting "irate".When the officer arrived, he "had his gun drawn at the front door" and asked every person inside to get out, she added. As Aderrien tur

  Majid Al Futtaim Holding, an Emirati holding company based in Dubai, a city in the United Arab Emirates (UAE), has raised $500 million through a green sukuk issuance.  Ahmed Ismail, chief executive at Majid Al Futtaim Holding, said, “The issuance of today’s green sukuk is a testament to the global investment community’s continued confidence and robust support in our company.” Majid Al Futtaim Holding is one of the biggest private sector companies in Dubai. It is also one of the largest mall operators in the Middle East. It operates shopping malls, retail shops, and leisure establishments in the Middle East and North Africa (MENA) region. It had assets of $18 billion by the end of 2022. The company is continuing to diversify its funding base. The company also aims to improve long-term profitability and reaffirm its commitment to green financing. The company launched its first green sukuk in May 2019. It launched another green sukuk in October 2019. In 2021, Majid Al Futtaim Holding b

Emirates Airline, a flag carrier of the United Arab Emirates (UAE), will offer free hotel stays to all passengers travelling to or stopping over at Dubai, a city and emirate in the UAE, for a limited period of time. The UAE flag carrier announced free hotel accommodations to all passengers. Dubai's air carrier said that the booking period for hotel accommodations was opened on May 22 and will continue until June 11, 2023. Travellers will get a complimentary two-night stay at 25 hours Hotel Dubai One Central, which is located in Sheikh Zayed Road - Trade Centre - Trade Centre 2 - Dubai. They can enjoy the great view from the Museum of the Future, near DIFC. The hotel also has easy access to all major attractions across Dubai. It is also easy to get public transport from the airport. Emirates Airline will also offer a complimentary one-night stay at Novotel World Trade Centre, which is located at Happiness Street - Trade Centre - Trade Centre 2 - Dubai. This offer is available for t

 Tuesday saw a decline in gold prices in the UAE and throughout the world due to a stronger currency and several Federal Reserve members' hawkish comments, as investors watched the US debt ceiling debate closely. By 9.45 am UAE time, spot gold was down 0.47 percent to $1,960.47 per ounce. For the start of trade on Tuesday in the UAE , 24K was trading for Dh238.0 per gram, down Dh0.75 from last night's market closing. At the same time, the prices for 22K, 21K, and 18K per gram were Dh220.25, Dh213.25, and Dh182.75 correspondingly. "The market usually becomes weary of the debt ceiling bluster. Although the initial unpredictability benefits gold, the stronger dollar shows that investors are confident a deal will be struck, according to Michael Langford, director at business consultancy company AirGuide, who spoke to Reuters. US President Joe Biden and House Speaker Kevin McCarthy made a commitment to continue discussing but were unable to come to an agreement on Monday over

 The General Pension and Social Security Authority (GPSSA) has provided some crucial details on the insurance benefits and job history of Emiratis . The authority stated, "The response, in short, is simple; the less time spent working, the more likely an insured individual is to lose various insurance benefits, such as not receiving their desired retirement pension," in response to a frequently asked question about whether retiring after working 20 years is a sufficient time-period for Emiratis to obtain a beneficial insurance scheme for them and their families after the retirement. According to the GPSSA, a retirement pension is given to government employees based on the average monthly salary contribution over the previous three years of employment, whereas in the private sector, the calculation is based on the previous five years of employment or, if less than five years, the entire contribution period. A 20-year service period has modest insurance limitations, thus the GP

 Earlier this week, the US and UN deeply condemned all forms of anti-Arab slogans chanted by right-wing Israelis at a nationalist rally. The chants were deeply hurtful to the sentiments of the Arab people and were racist in nature. As a part of the Flag March organized on Jerusalem Day, thousands of religious far-right Israelis joined the march on the streets of the Muslim Quarter in Jerusalem’s Old City. The Flag March is organized as a part of the Jerusalem Day celebrations each year. Jerusalem Day is a commemoration of Israel’s capture of East Jerusalem in 1967. Matthew Miller, the USA’s State Department spokesman, remarked that US unequivocally condemns any form of racist language. Moreover, Tor Wennesland, the UN Middle East envoy, criticized such chants as racist and inciteful. The Flag March is seen as a severely provocative event by most Palestinians. For example, in 2011, this Flag March led to an 11-day conflict between Hamas, a Gaza-based militant organization and Israel .

 The largest floating book fair in the world, located aboard the Logos Hope ship, has arrived at Abu Dhabi's Mina Zayed Port. The Department of Culture and Tourism — Abu Dhabi (DCT Abu Dhabi)'s Abu Dhabi Arabian Language Centre (ALC), which is a component of the book fair, officially opened it.  Its arrival is a part of the special activities for the May 22–May 28 Abu Dhabi International Book Fair. While everything is going on, The Logos Hope will stay in Abu Dhabi until June 4, 2023. ALC chairman Dr. Ali bin Tamim, DCT Abu Dhabi chairman 1k, DCT Abu Dhabi undersecretary Saood Alhosani, director general for tourism Saleh Al Geziry, AD Ports Group chief executive officer of ports cluster Saif Al Mazrouei, and other officials attended the opening ceremony. Sebastian Moncayo, advance preparation project manager for Abu Dhabi at the Logos Hope exhibition, also attended. The ALC is taking part in the exhibition with a cultural program that offers events for the general public and

The top tech-based on-demand logistics firm in India, Porter, has announced its first international expansion by entering the UAE and beginning to provide intra-city logistics services in Dubai. The company's present strategy is for exploring the GCC areas and the Indian subcontinent, which includes growth. The logistics start-up previously obtained $100 million in Series E investment for growing operations. This funding was provided by some of the most well-known and active venture capital investors, including Tiger Global, Sequoia, and Lightrock India. From Rs8.62 billion (Dh384 million) in 2021–2022 to Rs18 billion in 2022–2023, the company's sales more than quadrupled. The company will fill the gap in intracity logistics requirements in the area for small package delivery needs of both individuals and companies by offering a tech-enabled platform to ensure hassle-free deliveries through its LCVs and 2-wheelers.  Porter, which now has more than 20,000 users, intends to inves

The Jordanian government has handed over a terrorist by the name of Khalaf Abd Al Rahman Humaid Al Rumaithi to the UAE. In Case No. 79/2012, the Federal Supreme Court of the United Arab Emirates ruled against him and others, sentencing him in absentia to 15 years in prison for allegedly founding a covert organization linked to the terrorist Muslim Brotherhood with the intention of undermining the fundamental tenets of the UAE government . The terrorist was turned over in accordance with the arrest warrant that had been issued for him and the agreements reached on legal and judicial cooperation by the Arab Interior Ministers' Council, which is in charge of bringing criminals who have eluded justice in Arab nations to justice. Khalaf Al-Rumaithi will be tried again in accordance with the legal provisions of the UAE Criminal Procedural Law, which state that if an accused person is arrested for whom a judgment was rendered in absentia or he turns himself in, he will be tried again on

 Syrian President Bashar al-Assad has been invited by the United Arab Emirates to the COP28 climate meeting that it will be hosting at the end of the year, potentially putting him in the same setting as Western leaders who have long opposed and reprimanded him. After the UAE embassy in Damascus tweeted the same, the invitation was issued by UAE President Sheikh Mohammed bin Zayed, according to Syrian state news agency SANA. A COP28 representative told Reuters in an email that the organization was "committed to an inclusive COP process that produces transformational solutions." The summit in Dubai in December is anticipated to draw thousands of dignitaries and international leaders. Following Assad's bloody assault on street protests that turned into a devastating civil war, several Arab governments are reopening their relations with Syria after more than a decade of isolation. In the wake of the tragic earthquake that struck Turkey and Syria on February 6, bilateral dip

 A number of cancer charities in the UK have been demanding the scrapping of Value Added Tax, or VAT, on sunscreen to make it more affordable. The product comes under the "cosmetic" category and carries a 20% tax, adding around £1.50 to the cost of a single bottle. The 20% standard VAT rate applies to most goods and services. Charities want high-factor protective creams to be rid of the tax, citing the cost-of-living crisis which has seen scores of Brits struggling to make ends meet. Sun damage is majorly responsible for skin cancers. Although there are several types of skin cancer, melanoma is the most dangerous of them all as well as the most common type among youngsters in the country. If left untreated, the cancer can swiftly spread to other body parts. Dr. Louise Soanes, Chief Nurse, Teenage Cancer Trust, said only a handful of people realize that getting painful sunburn just once every couple of years can triple their risk of skin cancer - adding "sun cream should