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Turkey's president,  Recep Tayyip Erdoğan , won re-election Sunday in a tense run-off after he failed to secure more than 50 percent of votes required for an outright victory in the first round on May 14 in the strongest challenge to his 20-year rule. Turkish public broadcaster TRT called the presidential election for incumbent President Recep Tayyip Erdoğan. State-run news agency Anadolu’s vote count shows Erdoğan leading opposition candidate Kemal Kılıçdaroğlu 52.11% to 47.89% with 98.52% of the vote counted. https://twitter.com/KarinaKarapety8/status/1662876007081164800 "We have completed the second round of the presidential election with the favor of our nation," Erdoğan said following the tally. "I would like to express my gratitude to my people who made us live this democracy holiday. We will deserve your trust." Erdogan cast his vote at a voting center in Istanbul on Sunday. “This is a first in Turkish democratic history,” he said. “Turkey,...

The US Army is looking for a replacement for its warhorse, the Patriot Air Defense System. Its future interceptor will have a 360-degree view of the battlespace and can take on threats from greater distances and any vector. Towards this goal, the US Army recently tested two new air-defense sensors manufactured by Raytheon Missiles and Defense at White Sands Missile Range in New Mexico. The new Lower Tier Air and Missile Defense Sensor (LTAMDS) will be a crucial technology that the force will finalize in the future air defense interceptor. It will replace the Phased Array Tracking Radar to Intercept on Target (Patriot). Raytheon has designed the system on the premise that it has ‘No time for Blind Spot.’ The Future Interceptor program will target air, missile, and hypersonic threats within the ‘lower-tier portion of the ballistic missile defense battlespace.’ Desired capabilities for the future interceptor include increased velocity and maneuverability. As opposed to the rec...

By Hussain Shahid As Saudi Arabia prepares to potentially join the BRICS, there is much to consider in terms of the impact on the country’s economy. While some may view this as a simple geopolitical move, it could have significant economic implications for the region and the world as a whole. First and foremost, it is important to understand the economic power of the BRICS nations. Together, Brazil, Russia, India, China, and South Africa represent 40% of the world population and 25% of global GDP. If Saudi Arabia were to join this group, it would not only significantly increase the size and influence of the bloc, but also provide the country with access to a powerful network of economic partners. The potential benefit of Saudi Arabia joining BRICS One potential benefit of Saudi Arabia joining BRICS is increased trade opportunities. With its strong oil and natural gas resources, Saudi Arabia could become a key player in the energy trade within the bloc, which already do...

Fursan AL Emarat, a prominent company based in the United Arab Emirates (UAE), has garnered significant attention at the 16 th edition of Langkawi International Maritime and Aerospace Exhibition 2023 (LIMA’23). The presence of Fursan Al Emarat at the exhibition has been met with a warm welcome, cementing its reputation as a key player in the maritime and aerospace industry. Fursan AL Emarat's participation in the LIMA’23 underscores its commitment to showcasing its cutting-edge technologies and capabilities on a global platform. The exhibition serves as an ideal arena for industry leaders, enthusiasts, and potential collaborators to come together, exchange ideas, and explore innovative solutions. Over 100 assets from the aerospace and maritime industries will be featuring at LIMA’23 next month. Alpine Integrated Solution Sdn Bhd (Alpine) executive director Muhammad Aqlan Pacleb said some 35 to 40 maritime assets would also be featured for visitors to feast their eye...

NEOM Green Hydrogen Company (NGHC), a joint venture between renewables developer ACWA Power, gas company Air Products, and the futuristic city project NEOM, has reached financial close on a Saudi green hydrogen plant with US$8.4 billion. The company also said it concluded a $6.7 billion agreement with Air Products  (APD.N) for the plant's engineering, procurement, and construction (EPC). https://twitter.com/IDoulis/status/1661044557738397697 The company secured an exclusive 30-year off-take agreement with Air Products for all the green ammonia it will produce. Hailed as the world’s “largest” carbon-free green hydrogen plant, the project will produce up to 600 tonnes per day of hydrogen by the end of 2026. It will be powered by up to 4GW of solar and wind power to produce the green hydrogen which will then be used to produce green ammonia. Located in the northwest of Saudi Arabia, in Oxagon – the region where NEOM is being built – the project has secured th...

 For the first time in Pakistan's history, the first Russian cargo ship will directly arrive at Karachi Port from the port of Saint Petersburg on May 25th. With the commencement of direct maritime service, cargo from Russia will reach Pakistan's port within just 18 days. It used to take a month for ships coming from Russia previously. The second ship will arrive at Pakistan's Karachi Port on May 29th. Before the opening up of the service, Pakistani products were being exported to the Russian market via transshipment, which caused delays and enhanced freight costs. The new shipping service is the outcome of an agreement between Pak Shaheen Pvt Ltd and Russian express liner service Neco Line. Initially, one ship will arrive from Russia, followed by three ships a month. With the growth of trade with Russia, Pakistan will also attract more trading companies. Pakistan’s exports to Russia in 2020 were worth $145 million with the major export items including ...

As record-breaking deals in the prime category continue to occur, demand for Dubai’s ultra-luxury penthouses and residences continues to attract the ultra-rich. And, there are no signs of slowing down this trend. The most expensive penthouse in Marsa Al Arab was sold for a record-breaking Dh 420 million on Tuesday, according to luxury real estate firm Luxhabitat Sotheby’s International. Luxhabitat Sotheby’s International Realty sold the opulent property for Dh 17,000 per square foot. The buyer’s name and country of citizenship were not made public, though. The previous most expensive penthouse was sold for Dh 410 million at the Bvlgari Lighthouse on Jumeirah Bay Island in February 2023. Dubai’s thriving real estate landscape, particularly in the luxury sector, provides an exceptional platform for remarkable accomplishments. This sale is a testament to the vibrant and progressive luxury property market in Dubai. The Marsa Al Arab penthouse, whic...