Significant Escalation in Air Attacks Between Russia and Ukraine

Gaza: The past hours have witnessed a significant escalation in the air attacks exchanged between Russia and Ukraine. The Russian defence ministry said in its daily report on Telegram that its air defence units destroyed 93 Ukrainian drones overnight, including 60 over the waters of the Black Sea. More than 120 firefighters were trying to extinguish a blaze at an oil depot in the Russian city of Sochi that was sparked by a Ukrainian drone attack, regional Governor Veniamin Kondratyev said early on Sunday on the Telegram messaging app. In the Krasnodar region on the Black Sea where Sochi is

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Foreign Buying of S. Korean Stocks Hits 17-Month High in July

Seoul: Foreign investors recorded their highest net purchases on South Korea’s benchmark index in 17 months last month, data showed Sunday, according to Yonhap. According to Emirates News Agency, offshore investors net purchased 6.28 trillion won (US$4.52 billion) worth of stocks on the benchmark Korea Composite Stock Price Index (KOSPI) in July, marking the largest monthly net buying since February 2023, when the figure reached 7.858 trillion won, according to the Korea Exchange (KRX). The July amount was also 2.3 times greater than June’s net buying of 2.69 trillion won. Offshore investors had turned to net selling in August 2024

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GCC’s Total GDP at Constant Prices Exceeds $456 Billion

The gulf: The Gross Domestic Product (GDP) at constant prices for the Gulf Cooperation Council (GCC) countries increased by 3.3% by the end of the fourth quarter of 2024, reaching USD 456.3 billion, compared to USD 442.3 billion during the same period in 2023. According to Emirates News Agency, the latest statistics issued by the Statistical Centre for the Cooperation Council for the Arab States of the Gulf (GCC STAT) show that the contribution of non-oil activities to the GCC’s real GDP at the end of Q4 2024 amounted to 70.6%, while oil activities accounted for 29.4%. The real GDP

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Earthquake Strikes Kuril Islands, No Tsunami Threat Detected

Kuril islands: An earthquake of magnitude 6.7 struck Russia’s Kuril Islands, reported the German Research Centre for Geosciences. The agency initially estimated the earthquake’s magnitude at 6.35, with a depth of 10 kilometers (6.2 miles). According to Emirates News Agency, the United States Geological Survey recorded the earthquake at a magnitude of 7. The Pacific Tsunami Warning System also reported the quake at 7.0 magnitude, but confirmed there was no tsunami warning following the event. In a related incident, the Krasheninnikov Volcano in Kamchatka erupted for the first time in 600 years, as reported by Russia’s RIA state news agency

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China-Mongolia Border Port Reaches Milestone with 20,000 China-Europe Freight Trains

Erenhot: Erenhot, the largest land port on the China-Mongolia border, has achieved a significant milestone, recording 20,000 China-Europe freight train entries and exits since its service was launched in 2013, as reported by the China Railway Hohhot Group Co., Ltd. on Sunday. According to Emirates News Agency, Erenhot port, located in the Inner Mongolia Autonomous Region, has witnessed substantial growth in the number of trains, destinations, frequency, and the variety of transported goods. This growth aligns with China’s increasing efforts in international economic and trade cooperation. The port reached its 10,000th entry and exit milestone in 2022, with the subsequent

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Dubai’s RTA Opens New Tunnel to Ease Traffic, Reduces Travel Time to 3.8 Minutes

Dubai: Dubai’s Roads and Transport Authority (RTA) has officially opened a new 800-metre tunnel with four lanes in each direction, designed to significantly improve traffic flow along Umm Suqeim Street. The tunnel forms a key part of the Umm Suqeim Street Development Project, which runs from the intersection with Al Khail Road to the junction with Sheikh Mohammed bin Zayed Road. According to Emirates News Agency, the upgraded road network is expected to benefit more than one million residents across several major communities, including Al Barsha South 1, 2, and 3, Dubai Hills, Arjan, and Dubai Science Park. The project

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Dubai Real Estate Sector Sees AED4.5 Billion in Completed Projects in H1 2025

Dubai: Dubai’s real estate sector continues to strengthen its position as one of the key pillars of the emirate’s economic growth, recording steady performance and results that reflect the market’s resilience and diversity of investment opportunities. According to Emirates News Agency, the first half of 2025 saw the completion of 24 real estate projects valued at AED4.5 billion. This momentum is part of a wider growth trajectory, with 726 projects currently under construction across the emirate, underscoring sustained demand from both developers and investors. The surge in ongoing development also indicates the accelerated pace of project delivery to meet rising

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Abdulla Al Hamed Explores Media Innovations at Huawei’s R&D Centre in Shanghai

Shanghai: Abdulla bin Mohammed bin Butti Al Hamed, Chairman of the UAE National Media Office and Chairman of the UAE Media Council, visited Huawei’s Research and Development Centre in Shanghai as part of the preparatory tour for the “BRIDGE 2025” Summit. The summit, which is the largest platform uniting media, cultural, and creative content creators, leaders, and decision-makers, is set to transform how the world communicates, taking place in Abu Dhabi from 8-10 December 2025. According to Emirates News Agency, Al Hamed was accompanied by Dr Jamal Mohammed Al Kaabi, Director-General of the UAE National Media Office. This visit reflects

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