Despite opposition from the United States, a long-standing conventional arms embargo imposed on Iran expired in line with the terms of a landmark nuclear deal between Iran and world powers.
The 13-year ban imposed by the United Nations Security Council (UNSC) came to an end as part of Resolution 2231 of the Joint Comprehensive Plan of Action (JCPOA) – an accord signed in 2015 that gave Iran sanctions relief in exchange for curbs on its nuclear programme.
The Iranian foreign ministry said that all restrictions on the transfer of arms, related activities and financial services to and from the Islamic Republic of Iran are all automatically terminated.
The end of the embargo means Iran will legally be able to buy and sell conventional arms, including missiles, helicopters and tanks, and the Iranian foreign ministry said the country can now procure any necessary arms and equipment from any source without any legal restrictions, and solely based on its defensive needs.
Oct 18, 2023
Meenesh Shah, Chairman & MD, NDDB Elected to Board of International Dairy Federation
Meenesh Shah, Chairman and Managing Director of National Dairy Development Board (NDDB), was elected to the Board of International Dairy Federation (IDF) during the General Assembly of IDF.
Accepting this responsibility and thanking the IDF delegates for the trust bestowed on him, Dr Shah mentioned that a representative from India, a country that contributes over 23 percent of the global milk production, is on the Board of IDF, which will ensure a more inclusive and better global dairying ecosystem.
The International Dairy Federation is headquartered in Belgium.
UNSC Rejects Moscow-drafted Resolution on Israel-Hamas War
The UN Security Council rejected a draft resolution proposed by Russia that called for a humanitarian ceasefire in Gaza but made no mention of Hamas' attack on Israel. The 15-nation Council met on Monday evening to vote on the Russian-led draft resolution, the first such text that was considered by the powerful UN body, amid an escalating war between Israel and the Palestinian militant group Hamas.
The one-page draft resolution failed to garner enough votes and was not adopted by the Council, which is expected to meet again soon to vote on a rival draft resolution circulated by Brazil, the Council President for the month of October.
Oct 17, 2023
World Health Summit 2023
The World Health Summit is the unique international strategic forum for global health. Held annually in Berlin, it brought together stakeholders from politics, science, the private sector, and civil society from around the world to set the agenda for a healthier future by inspiring innovative solutions for better health and well-being for all.
The World Health Summit 2023 under the theme 'A Defining Year for Global Health Action' took place from October 15-17 in Berlin, Germany and online.
The World Health Summit integrates discussions from many events throughout the year, including the World Health Assembly, G7, G20 and BRICS meetings and several initiatives on financing Universal Health Coverage.
Central topics at the World Health Summit 2023 included: learning from COVID-19 for future pandemic prevention; preparedness and response; recommitting to universal health coverage; sustainable health for people and planet; G7/G20 measures to enhance global health equity and security; harnessing the power of digital technologies for global health; the World Health Organization's 75th anniversary and innovations to accelerate the fight against tuberculosis.
Oct 16, 2023
Daniel Noboa Becomes Ecuador's Youngest President
Businessman Daniel Noboa became the youngest President in Ecuador's history, at 35 years.
Noboa won the election with 52.3% of the vote, ahead of Luisa González's 47.7%. She conceded defeat and congratulated her rival.
Noboa of the National Democratic Action party is the son of Álvaro Noboa, who ran unsuccessfully for the presidency five times.
Noboa will only have 17 months in office until the next election.
He will govern from the end of November 2023 to May 2025, due to the fact that the current election was triggered early when outgoing President Guillermo Lasso dissolved parliament amid an impeachment trial. He can run again for the 2025-29 presidential term if he wishes to.
Dubai Soars as World's Fastest-Recovering Services Hub in 2023
Dubai, a global economic powerhouse, proved its mettle as the world's fastest-recovering destination in the services sector, marking an impressive growth rate of 3.2% in the first half of 2023. This achievement underpinned Dubai's standing as a leading city that defies economic challenges, driven by visionary leadership. His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of The Executive Council of Dubai, lauded this achievement and emphasised that Dubai's rapid economic expansion is aligned with the goals of the Dubai Economic Agenda D33. A key goal of the Dubai Economic Agenda (D33) is to double the size of Dubai's economy over the next decade and to consolidate its position among the top three global cities.
Dubai's success story in the first half of 2023 is marked by significant growth in key sectors, including transportation, wholesale and retail trade, financial and insurance, accommodation and food services, real estate, information and communication, and manufacturing. These sectors collectively contributed to about 93.9% of growth, with the transportation and storage sector leading with an astonishing 10.5% growth.
Mumbai Ranks 19th in Knight Frank's Global Prime Residential Index
London-based property consultant, Knight Frank, has ranked Mumbai in the 19th position, Bengaluru in the 22nd position, and New Delhi in the 25th position in the Global Prime Residential Index.
With an annual percentage change of six per cent, Mumbai significantly moved up 76 places to secure the 19th position on Knight Frank's Global Residential Cities Index Q2 2023, from 95th place in Q2 2022. Mumbai is the highest-ranking Indian city in terms of percentage increase on the global index. The city witnessed residential price appreciation of six per cent YoY in Q2 2023.
The Turkish capital Ankara led Knight Frank's Global Residential Cities Index Q2 2023 with the highest growth rate of 105.9 per cent, followed by Istanbul at 85.1 per cent. Stockholm ranked the lowest in terms of price appreciation (-14.3.0%) on the Global Residential Cities Index.
Former Businessman Christopher Luxon Wins New Zealand Election
Conservative former businessman Christopher Luxon will be New Zealand's next Prime Minister after winning a decisive election.
People voted for change after six years of a liberal government led for most of that time by Jacinda Ardern.
The exact makeup of Luxon's government is still to be determined as ballots continued to be counted.
Outgoing Prime Minister Chris Hipkins, who spent just nine months in the top job after taking over from Ardern in January, called Luxon to concede defeat.
ADB to Provide 338m for Vaccine Production in Bangladesh
Asian Development Bank (ADB) agreed to provide $338 million to Bangladesh for manufacturing vaccines against various diseases.
As per ADB Country Director Edimon Ginting, this initiative was taken to help Bangladesh reduce the dependency on vaccine imports and facilitate more production in the country.
Bangladesh will not be able to buy cheap vaccines after transitioning from LDC. For this reason, it is necessary to increase the capacity of vaccine production in the country from now, he added.
Oct 15, 2023
India Ranks 111th on Global Hunger Index 2023
The government rejected the 2023 Global Hunger Index in which India ranked 111th, calling it a flawed measure of hunger that does not reflect the country's true position.
The Women and Child Development Ministry said the index suffers from "serious methodological issues and shows a malafide intent".
India ranked 111th out of 125 countries in the Global Hunger Index-2023, released on October 12, with the country reporting the highest child wasting rate at 18.7 per cent.
The Global Hunger Index (GHI) is a tool for comprehensively measuring and tracking hunger at global, regional, and national levels.