West Asia Post | The Saudi regime has introduced a long-term goal of moving away from its oil-reliant economy, introducing residency plans to achieve its vision.

Explained: What is Saudi Arabia doing to diversify its economy?

WestAsiaPost | While israeli military’s offensive in Gaza goes on, the country is fraught with tension. On one hand, anti-war activists are protesting, calling on the government for a ceasefire, while on the other, families of hostages are urging for action to bring the captives home.

Israel’s anti-war activists call for ceasefire in Gaza

Did Pakistan kill 10 of its own citizens in its air strike inside Iranian territory, that too women and children? If reports are to be believed, Pakistan's attack on Thursday (Jan 18) inside&nbsp;Iran's south-eastern Sistan-Baluchestan province which borders its western region of Balochistan&nbsp;ended up claiming the lives of 10 Pakistanis, including women and children.

This claim was made by an Iranian provincial official cited in the state-run news agency Irna.

The Pakistan Army fired three UAVs on the Iranian city of Saravan, Irna reported.

WATCH:&nbsp;Iran-Pakistan Tensions: US, UN urge Pakistan, Iran to show restraint

&nbsp;

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“In these attacks, four residential houses were destroyed, and around 10 women and children were killed,” said&nbsp;Alireza Marhamati,&nbsp;&nbsp;the deputy security and law enforcement officer of the governor of Sistan and Baluchestan Province.

Marhamati said a probe is being done to find out how the Pakistanis managed to enter and live on the Iranian side of the border.

“The motive behind this attack is under examination, and the results will be announced shortly,” Irna quoted him as saying.

The Pakistani attack was in response to a similar strike on Tuesday (Jan 16) by Iran on the restive Pakistani province of Balochistan. The Iranian strike killed two children, according to Pakistan's account. 
 
Iran&nbsp;said it was targeting Pakistani terrorist group Jaish-al Adl which translates to legions of justice.

The Sunni group seeks an independent state of Balochistan and operates in Pakistan, Afghanistan and Iran.

<h2> 
Pakistan's different voices in reaction to Iran attack</h2>

<h2>&nbsp;</h2>

There's a sense that the Pakistani military-intelligence establishment was caught napping when Iran hit inside its borders.

Pakistan's response was also not coherent. While the army brass huddled and conducted a retaliatory strike, the political leadership has been more mellow in their response.

Caretaker Information Minister Murtaza Solangi, speaking to WION, described the assault as a 'sad' incident. 
 
Also read:&nbsp;<a href="https://www.wionews.com/south-asia/exclusive-pakistan-calls-airspace-violation-by-iran-sad-incident-says-have-taken-measures-680919">Exclusive: Pakistan calls airspace violation by Iran ‘sad incident’, says ‘have taken measures’</a>

Pakistan interestingly called it an "airspace violation by Iran" which caused the deaths of two children.

After launching the attack on Iranian territory, Islamad also called Iran a 'brotherly neighbour'. 
 
"Iran is a brotherly country and the people of Pakistan have great respect and affection for the Iranian people. We have always emphasised dialogue and cooperation in confronting common challenges including the menace of terrorism and will continue to endeavour to find joint solutions," said a government statement.

&nbsp;

<h2>Pakistan vs Iran: Another addition to Middle East crisis 
&nbsp;</h2>

The Iranian strikes inside Pakistan came after similar assaults by it on Syria and Iraq, where also it targeted Sunni militants and the Islamic State terror group. 
 
Also read: <a href="https://www.wionews.com/south-asia/pakistan-calls-iran-a-brotherly-neighbour-hours-after-launching-airstrikes-681124">Pakistan calls Iran a 'brotherly neighbour' hours after launching airstrikes that killed 9</a>

The attacks came in the wake of the ongoing Israel-Hamas war, adding yet another dimension to the simmering tensions in the Middle East. 
 
Iran retaliated after the dastardly twin suicide bombings earlier this month targeting an event marking the death anniversary of Iranian general Qasem Soleimani. That attack in Kerman, the south-eastern city of Iran, killed at least 88 people and injured&nbsp;240 others. 
 
(With inputs from agencies)

Did Pakistan kill 10 of its own citizens in its air strike inside Iranian territory, that too women and children? If reports are to be believed, Pakistan's attack on Thursday (Jan 18) inside Iran's south-eastern Sistan-Baluchestan province which borders its western region of Balochistan ended up claiming the lives of 10 Pakistanis, including women and children.

Did Pakistan kill 10 of its own citizens in its air strike inside Iranian territory, that too women and children? If reports are to be believed, Pakistan's attack on Thursday (Jan 18) inside Iran's south-eastern Sistan-Baluchestan province which borders its western region of Balochistan ended up claiming the lives of 10 Pakistanis, including women and children. This claim was made by an Iranian provincial official cited in the state-run news agency Irna. The Pakistan Army fired three UAVs on the Iranian city of Saravan, Irna reported. WATCH: Iran-Pakistan Tensions: US, UN urge Pakistan, Iran to show restraint × “In these attacks, four residential houses were destroyed, and around 10 women and children were killed,” said Alireza Marhamati, the deputy security and law enforcement officer of the governor of Sistan and Baluchestan Province. Marhamati said a probe is being done to find out how the Pakistanis managed to enter and live on the Iranian side of the border. “The motive behind this attack is under examination, and the results will be announced shortly,” Irna quoted him as saying. The Pakistani attack was in response to a similar strike on Tuesday (Jan 16) by Iran on the restive Pakistani province of Balochistan. The Iranian strike killed two children, according to Pakistan's account. Iran said it was targeting Pakistani terrorist group Jaish-al Adl which translates to legions of justice. The Sunni group seeks an independent state of Balochistan and operates in Pakistan, Afghanistan and Iran. Pakistan's different voices in reaction to Iran attack There's a sense that the Pakistani military-intelligence establishment was caught napping when Iran hit inside its borders. Pakistan's response was also not coherent. While the army brass huddled and conducted a retaliatory strike, the political leadership has been more mellow in their response. Caretaker Information Minister Murtaza Solangi, speaking to WION, described the assault as a 'sad' incident. Also read: Exclusive: Pakistan calls airspace violation by Iran ‘sad incident’, says ‘have taken measures’ Pakistan interestingly called it an "airspace violation by Iran" which caused the deaths of two children. After launching the attack on Iranian territory, Islamad also called Iran a 'brotherly neighbour'. "Iran is a brotherly country and the people of Pakistan have great respect and affection for the Iranian people. We have always emphasised dialogue and cooperation in confronting common challenges including the menace of terrorism and will continue to endeavour to find joint solutions," said a government statement. Pakistan vs Iran: Another addition to Middle East crisis The Iranian strikes inside Pakistan came after similar assaults by it on Syria and Iraq, where also it targeted Sunni militants and the Islamic State terror group. Also read: Pakistan calls Iran a 'brotherly neighbour' hours after launching airstrikes that killed 9 The attacks came in the wake of the ongoing Israel-Hamas war, adding yet another dimension to the simmering tensions in the Middle East. Iran retaliated after the dastardly twin suicide bombings earlier this month targeting an event marking the death anniversary of Iranian general Qasem Soleimani. That attack in Kerman, the south-eastern city of Iran, killed at least 88 people and injured 240 others. (With inputs from agencies)

Pakistan killed 10 of its own citizens in strike on Iranian territory: Reports

Pakistan was caught unaware, When neighbouring Iran launched airstrikes on its country amid tensions in West Asia. Tehran said it launched missile and drone attacks, targeting bases of militant group Jaish Al-Adl, based in Balochistan province. The Islamic republic did not mention what triggered the latest strike but Pakistan has slammed Iran for violating its sovereignty. Will Pakistan retaliate, and be pulled into a wider conflict?

Gravitas: Pakistan ISI caught napping as Iran's missile strikes Balochistan

Pakistan bombed neighbouring Iran a little more than 24 hours after Tehran conducted missile strikes on terror groups in Pakistan. This has led to fears that another war could break out, at a time when tensions are simmering in West Asia. Can pakistan afford to go against Iran? Is pak ready to be hostile with three neighbours?

Gravitas: Pakistan's tit-for-tat strikes on Iran sparks wider war fear | Can Islamabad afford it?

Political and business leaders have gathered at Davos, Switzerland, for the annual World Economic Forum. Here, they will discuss the global economy's myriad challenges, such as poverty and climate change, but a recent report by Oxfam exposes the hypocrisy of the global elite. It exposes how while workers worldwide face wage cuts, the rich profited from their pain.

Gravitas | Davos 2024: Musk, Bezos, billionaires double their fortune | How did they get so rich?

The global elite gather at davos for the World Economic Forum (WEF) against the most complex backdrop so far. This year, they will deliberate on issues like a challenging global economic picture amid wars in West Asia and Ukraine. But is the summit losing relevance as the world turns more & more uncertain? Look at this report to find out…

Global elite gather at Davos against the most complex backdrop

Fears of a regional war linger, with more countries now being involved in the ongoing Israel-Hamas war. US has carried out additional strikes on Houthi-linked targets in Yemen. Earlier on Friday, US and British forces targeted nearly 30 sites with more than 150 munitions in Yemen in their first round of strikes. Houthis send warning following strikes. Watch to know more!

West Asia Crisis: Houthis send warning following US-UK strikes

In a diplomatic move aimed at strengthening ties and addressing crucial issues, India's External Affairs Minister, Dr Subrahmanyam Jaishankar, is set to visit Iran on Monday, January 15. The visit marks a continuation of diplomatic engagements between the two nations, focusing on key topics such as the Chabahar port, Afghanistan, and recent developments in West Asia. Watch to know more!

India: EAM S Jaishankar's two-day visit to Iran amid rising tensions in West Asia

In another incident that raises tensions in the maritime regions of West Asian, Iranian Navy has confirmed that it has taken control of an oil tanker in the Gulf of Oman. The US condemned what it called an “unlawful seizure” and demanded Iran “immediately release the ship and its crew”.

Iran navy seized oil tanker off Oman that was center of dispute with US

In another incident that raises tensions in the maritime regions of West Asian. Iranian Navy has confirmed that it has taken control of an oil tanker in the Gulf of Oman. The US condemned what it called an “unlawful seizure” and demanded Iran “immediately release the ship and its crew”.

Iran's navy seizes oil tanker off Oman in dispute with US

In another incident that raises tensions in the maritime regions of West Asian. Iranian Navy has confirmed that it has taken control of an oil tanker in the Gulf of Oman.

Heightened tensions in West Asian waters: Iran Navy seizes oil tanker in retaliatory move

US top diplomat Antony Blinken said on Tuesday that Israel has agreed on a plan for a UN mission to assess the situation in war-torn northern Gaza to enable the safe return of displaced Palestinians. Blinken said the cost of war on Gaza's civilians is "far too high'' and urged Israel to remove barriers so more essential aid could be allowed into Gaza.

Israel-Gaza war: Israel agreed to allow UN to evaluate Gaza situation, says Antony Blinken

US Secretary of State Anthony Blinken is on his fourth visit to West Asia since the Israel-Hamas War began. The top US Diplomat has meetings lined up with various leaders of the region shortly after a touchdown in Saudi Arabia. To know more watch this interview with Military Expert Lt. Col. Daniel L Davis.

Blinken meets Saudi Crown Prince, discusses war in Gaza

US Secretary of State Anthony Blinken is on his fourth visit to West Asia since the Israel-Hamas War began. The top US Diplomat has meetings lined up with various leaders of the region shortly after a touchdown in Saudi Arabia.

US Secretary of State on 5-day diplomatic visit to West Asia

Latest in Israel-Hamas war: Seven dead in West Bank as violent clashes erupt in Jenin following Israeli raid. US Secretary of State Antony Blinken has arrived in Turkey, his first stop in the week-long new West Asia trip. This is US' top diplomat's fourth crisis visit to the region amid escalating tensions. Watch the video to know more!

Israel-Hamas War: Hezbollah says it launched 60 rockets at Israeli Military Base

Latest in Israel-Hamas war: Six dead in West Bank as violent clashes erupt in Jenin following Israeli raid. US Secretary of State Antony Blinken has arrived in Turkey, his first stop in the week-long new West Asia trip. This is US' top diplomat's fourth crisis visit to the region amid escalating tensions. Watch the video to know more!

Israel-Hamas war: PM Netanyahu says war must not be stopped until Hamas is eliminated

McDonald's CEO Chris Kempczinski has blamed 'misinformation' for its losses, as the boycott movement against western brands continues amid the Israel-Hamas war. Kempczinski revealed that West Asia sales have been hit by 'misinformation' about the fast-food giant's position on the Israel-Hamas war. He called such 'misinformation' disheartening and ill-founded.

McDonald's CEO blames 'misinformation' for West Asia sales hit

US Secretary of State Antony Blinken has arrived in Turkey, his first stop in the week-long new West Asia trip. This is US' top diplomat's fourth crisis visit to the region amid escalating tensions.

US Secretary of State Antony Blinken arrives in Turkey

Three days following an unmanned drone assault on a merchant vessel near Veraval and another Indian merchant ship facing an attack in the Red Sea, Prime Minister Narendra Modi engaged in a conversation with Saudi Arabia's Crown Prince Mohammad bin Salman bin Abdulaziz Al Saud. During the discussion, he conveyed his apprehensions about the situation in West Asia.

"I held a good conversation with my brother Prince Mohammad bin Salman bin Abdulaziz Al Saud on the future of Strategic Partnership between India and Saudi Arabia. We exchanged views on West Asia situation and shared concerns regarding terrorism, violence and the loss of civilian lives. We agreed to work together for peace, security and stability in the region," said PM Modi.

<a href="https://www.wionews.com/india-news/drone-strike-hits-ship-off-indias-coast-says-report-672821">Also read |&nbsp;Missile strike hits merchant ship off India’s coast; crew includes 21 Indians</a>

<h2>Recent drone incidents</h2>

Just three days ago, an unmanned drone targeted the MV Chem Pluto, a merchant ship off the coast of Veraval.

This ship, carrying 21 Indian sailors and transporting oil from Saudi Arabia to Mangalore reported no casualties, but sustained damage.

Subsequently, another Indian vessel, the MV Sai Baba, faced an attack in the Red Sea a day later.

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After Israel, Indian PM Modi discusses red sea situation with Saudi Arabia's Crown Prince. Backs freedom of navigation. Comes days after attack on 2 India bound vessels-MV Chem Pluto, MV Sai Baba. <a href="https://t.co/Inud0iCeg1">https://t.co/Inud0iCeg1</a>
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The Houthi rebels, who control a significant portion of Yemen, have claimed responsibility for these attacks.

Their actions are linked to a demand for Israel to cease its offensive in Gaza. The geopolitical ramifications extend beyond the Middle East, impacting global trade routes.

The narrow strait between Yemen and northeast Africa, a crucial passage for approximately 40 per cent&nbsp;of international trade, now faces disruptions due to these attacks.

The affected route leads to the Red Sea, Israel's southern ports, and the Suez Canal, causing a pause in the operations of numerous merchant ships.

Also watch |&nbsp;India: Indian Navy to commission INS Imphal in Mumbai; Defence Minister Rajnath Singh to be present

<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/india-indian-navy-to-commission-ins-imphal-in-mumbai-defence-minister-rajnath-singh-to-be-present-673635/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>

The heightened threat has led to a surge in shipping insurance costs, skyrocketing by tens of thousands of dollars per day.

Additionally, the instability has contributed to an increase in oil prices, highlighting the broader economic consequences of these targeted maritime incidents.

(With inputs from agencies)

Three days following an unmanned drone assault on a merchant vessel near Veraval and another Indian merchant ship facing an attack in the Red Sea, Prime Minister Narendra Modi engaged in a conversation with Saudi Arabia's Crown Prince Mohammad bin Salman bin Abdulaziz Al Saud.

Three days following an unmanned drone assault on a merchant vessel near Veraval and another Indian merchant ship facing an attack in the Red Sea, Prime Minister Narendra Modi engaged in a conversation with Saudi Arabia's Crown Prince Mohammad bin Salman bin Abdulaziz Al Saud. During the discussion, he conveyed his apprehensions about the situation in West Asia. "I held a good conversation with my brother Prince Mohammad bin Salman bin Abdulaziz Al Saud on the future of Strategic Partnership between India and Saudi Arabia. We exchanged views on West Asia situation and shared concerns regarding terrorism, violence and the loss of civilian lives. We agreed to work together for peace, security and stability in the region," said PM Modi. Also read | Missile strike hits merchant ship off India’s coast; crew includes 21 Indians Recent drone incidents Just three days ago, an unmanned drone targeted the MV Chem Pluto, a merchant ship off the coast of Veraval. This ship, carrying 21 Indian sailors and transporting oil from Saudi Arabia to Mangalore reported no casualties, but sustained damage. Subsequently, another Indian vessel, the MV Sai Baba, faced an attack in the Red Sea a day later. After Israel, Indian PM Modi discusses red sea situation with Saudi Arabia's Crown Prince. Backs freedom of navigation. Comes days after attack on 2 India bound vessels-MV Chem Pluto, MV Sai Baba. https://t.co/Inud0iCeg1 — Sidhant Sibal (@sidhant) December 26, 2023 × The Houthi rebels, who control a significant portion of Yemen, have claimed responsibility for these attacks. Their actions are linked to a demand for Israel to cease its offensive in Gaza. The geopolitical ramifications extend beyond the Middle East, impacting global trade routes. The narrow strait between Yemen and northeast Africa, a crucial passage for approximately 40 per cent of international trade, now faces disruptions due to these attacks. The affected route leads to the Red Sea, Israel's southern ports, and the Suez Canal, causing a pause in the operations of numerous merchant ships. Also watch | India: Indian Navy to commission INS Imphal in Mumbai; Defence Minister Rajnath Singh to be present The heightened threat has led to a surge in shipping insurance costs, skyrocketing by tens of thousands of dollars per day. Additionally, the instability has contributed to an increase in oil prices, highlighting the broader economic consequences of these targeted maritime incidents. (With inputs from agencies)

Indian PM Modi, Saudi Crown Prince discuss West Asia situation in bilateral talks

From controlling oil prices to hosting the big climate summit - West Asia achieved major feats this year, despite domestic troubles. Our next report will show you the big developments that further cemented West Asian nations' role as strategic and economic decision-makers.

WION rewind 2023: Changing face of West Asia | Strategy and economy

On the sixth of February, Turkiye and Syria faced the deadliest of natural disasters. A 7.8 magnitude earthquake hit the two countries. More than 50,000 people were killed. WION was there, we brought you reports of the death and destruction as it happened. Our first rewind report – Ghadi Francis recaps the horror as it unfolded.

WION rewind 2023: Changing face of West Asia | Turkiye-Syria Quake

2023 produced moments of hope and diplomatic feats for West Asia. Saudi Arabia and iran reconciled in an unprecedented truce brokered by China. Syria re-entered the arab fold. The accords signed, relations mended brought a prospect of stability to the region, marred by decades of conflict. Ghadi Francis gets you this report.

Summer of Truce for West Asia | Shifting sands and changing geopolitics | The West Asia Post

In between all the conflicts and politics, blooming west asian societies saw many turning points. From saudi to iran, there were big moments all countries witnessed. Through the year, we decoded all headlines for you, and as the year ends, Ghadi Francis gets you a recap of how society and culture defined 2023 for west asia.

Wion Rewind 2023 | Changing face of West Asia: Society and culture | The West Asia Post

US Secretary of Defense, Lloyd Austin is in Israel to persuade the government there to end its high-intensity war and shift to a more focused and limited conflict in Gaza.

US Secretary of Defense on a multi-day visit to West Asia

West Asian waters continue to be fraught with danger. Iran has released a video showing the United States' aircraft carrier being forced to leave Persian Gulf on December 14th. This comes after an Iranian drone flew dangerously close to US Aircraft carrier D. Eisenhower a day prior. Washington has dubbed Iran's action as provocative and unprofessional.

IRGC: US Warship forced to leave Strait of Hormuz

A recent U.N. study reveals that the economic repercussions of the Israel-Hamas conflict in Gaza are poised to hit neighbouring Arab economies hard. The economic cost for Lebanon, Egypt, and Jordan is projected to soar to $10 billion this year, potentially pushing more than 230,000 people into poverty, according to the United Nations Development Programme. <o:p></o:p>

The conflict exacerbates existing fiscal pressures, sluggish growth, and high unemployment in the three Arab countries, deterring much-needed investment and impacting consumption and trade. Lebanon, already grappling with a deep economic crisis, faces further challenges.<o:p></o:p>

The study, commissioned by the United Nations Development Programme, indicates that the economic toll on the three Arab states, in terms of loss of GDP, could reach $10.3 billion or 2.3 per cent. The situation could worsen if the conflict persists, potentially doubling the economic impact over the next six months. <o:p></o:p>

Reuters cited Abdallah Al Dardari, U.N. assistant secretary-general and UNDP's Director of the Regional Bureau for Arab States, who underscored the severity of the situation, stating, "This is a massive impact. The crisis was a bomb in an already fragile regional situation... It soured sentiment with fear of what could happen and where things are going."<o:p></o:p>

The Israel-Hamas conflict, initiated by Israel's campaign to dismantle the Hamas militant group controlling Gaza, has inflicted unprecedented destruction. Israeli forces besieged the enclave, leading to extensive damage and a tragic loss of life. <o:p></o:p>

According to Palestinian health authorities, more than 18,000 people are confirmed killed, and many more are feared lost in the rubble. The mass displacement of almost 80 per cent of Gaza's population within a short period surpasses the scale of the decade-old Syrian conflict, marking a dire humanitarian crisis. <o:p></o:p>

"To lose 45-50 per cent of all housing in one month of fighting ... We have never seen anything like this ... the relationship between destruction level and time, it's unique," Reuters quoted Abdallah Al Dardari as saying.<o:p></o:p>

Al Dardari, who led the study, compared the pace of destruction in Gaza to the Syrian conflict, noting that it took Syria five years of fighting to reach a destruction level comparable to what Gaza experienced in just one month. <o:p></o:p>

Despite the ongoing conflict, Dardari's team is already engaging with development funds and multilateral financial institutions to outline post-war reconstruction scenarios for Gaza. He emphasised that this effort has commenced, indicating proactive steps toward recovery.<o:p></o:p>

(With inputs from Reuters)<o:p></o:p>

WATCH WION LIVE HERE

<iframe allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="350" src="https://www.wionews.com/live-tv/embed?autoplay=1&amp;mute=1" width="100%"></iframe>

A recent U.N. study reveals that the economic repercussions of the Israel-Hamas conflict in Gaza are poised to hit neighbouring Arab economies hard. The economic cost for Lebanon, Egypt, and Jordan is projected to soar to $10 billion this year, potentially pushing more than 230,000 people into poverty, according to the United Nations Development Programme.

A recent U.N. study reveals that the economic repercussions of the Israel-Hamas conflict in Gaza are poised to hit neighbouring Arab economies hard. The economic cost for Lebanon, Egypt, and Jordan is projected to soar to $10 billion this year, potentially pushing more than 230,000 people into poverty, according to the United Nations Development Programme. The conflict exacerbates existing fiscal pressures, sluggish growth, and high unemployment in the three Arab countries, deterring much-needed investment and impacting consumption and trade. Lebanon, already grappling with a deep economic crisis, faces further challenges. The study, commissioned by the United Nations Development Programme, indicates that the economic toll on the three Arab states, in terms of loss of GDP, could reach $10.3 billion or 2.3 per cent. The situation could worsen if the conflict persists, potentially doubling the economic impact over the next six months. Reuters cited Abdallah Al Dardari, U.N. assistant secretary-general and UNDP's Director of the Regional Bureau for Arab States, who underscored the severity of the situation, stating, "This is a massive impact. The crisis was a bomb in an already fragile regional situation... It soured sentiment with fear of what could happen and where things are going." The Israel-Hamas conflict, initiated by Israel's campaign to dismantle the Hamas militant group controlling Gaza, has inflicted unprecedented destruction. Israeli forces besieged the enclave, leading to extensive damage and a tragic loss of life. According to Palestinian health authorities, more than 18,000 people are confirmed killed, and many more are feared lost in the rubble. The mass displacement of almost 80 per cent of Gaza's population within a short period surpasses the scale of the decade-old Syrian conflict, marking a dire humanitarian crisis. "To lose 45-50 per cent of all housing in one month of fighting ... We have never seen anything like this ... the relationship between destruction level and time, it's unique," Reuters quoted Abdallah Al Dardari as saying. Al Dardari, who led the study, compared the pace of destruction in Gaza to the Syrian conflict, noting that it took Syria five years of fighting to reach a destruction level comparable to what Gaza experienced in just one month. Despite the ongoing conflict, Dardari's team is already engaging with development funds and multilateral financial institutions to outline post-war reconstruction scenarios for Gaza. He emphasised that this effort has commenced, indicating proactive steps toward recovery. (With inputs from Reuters) WATCH WION LIVE HERE

Israel-Hamas conflict takes toll on neighbouring economies, UN study warns of $10 bn impact

With a ceremonial motorcade, cavalry escort and Russian flag's colours in the sky, Russian President Vladimir Putin arrived in the United Arab Emirates' capital Abu Dhabi.&nbsp;Putin's&nbsp;reception in the Emirati capital included a 21-gun salute, and the Emirati national air show team created a spectacle in the sky, drawing the Russian flag with coloured fumes.

Hours later, he was in Riyadh and the next day Putin hosted Iran's President Ebrahim Raisi in Moscow.&nbsp;&nbsp;

A nearly simultaneous Saudi-Iran diplomatic outreach by Moscow occurred nearly ten months after the Sunni and Shia powerhouses of West Asia restored their ties.&nbsp;

Also read |&nbsp;<a href="https://www.wionews.com/world/iran-saudi-arabia-restore-ties-as-china-brokered-deal-outfoxes-west-570766">Iran, Saudi Arabia restore ties as China-brokered deal outfoxes West</a>

This week, therefore,&nbsp;marked a significant shift in Putin's&nbsp;international engagements since he launched an offensive on Ukraine in February 2022.

Since then, Putin has limited his visits to China, Iran and some countries of the former Soviet Union.

Recent developments in the war, where Russia has gained a perceived upper hand while the West's attention shifted to the Israel-Hamas war, are understood to&nbsp;have influenced this change.

Sheikh Mohamed bin Zayed Al Nahyan, ruler of the UAE, referred to Putin as his "dear friend."

Putin, in return, acknowledged the elevated relations.

During his visit to Saudi Arabia's capital Riyadh, Putin engaged in a significant exchange with Crown Prince Mohammed bin Salman (MBS).&nbsp;

"We awaited you in Moscow," Putin told MBS with a gleeful smile.

"I know that events forced a correction to those plans but as I have already said nothing can prevent the development of our friendly relations. "But," he added, "the next meeting should be in Moscow." MBS replied through a Russian translator that he was of course ready to do that.

"Then we are agreed," Putin said.

The geopolitical significance of Saudi and Russia, jointly controlling a substantial portion of the world's oil production, came into focus.

Putin's West Asia outreach is significant as the traditional US allies&nbsp;in the region&nbsp;— Saudi Arabia, Jordan, and Turkey&nbsp;— have expressed outrage over America's support to Israel in the ongoing war against Hamas in the blockaded Gaza Strip.&nbsp;

Besides, the high oil prices have played a crucial role in sustaining Russia's war efforts in Ukraine and bolstering the Saudi economy.

These high-profile visits are perceived as a display of Putin's strength, strategically timed ahead of the upcoming elections in Russia.

Also watch |&nbsp;Russian President Putin to run for presidential elections again in 2024

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The Federation Council, the upper house of Parliament, has set March 17 as the presidential election date. Putin, eligible for two more six-year terms after his current term expires, could potentially remain in power until 2036, signalling a prolonged tenure.

Notably, Putin, heavily sanctioned by the West, seems keen on establishing global partnerships to counter the perception of isolation. These diplomatic moves serve as a calculated demonstration of Russia's continued presence and influence on the world stage.

That's all for the capitals this weekend. See you next week.&nbsp;

With a ceremonial motorcade, cavalry escort and Russian flag's colours in the sky, Russian President Vladimir Putin arrived in the United Arab Emirates' capital Abu Dhabi.

With a ceremonial motorcade, cavalry escort and Russian flag's colours in the sky, Russian President Vladimir Putin arrived in the United Arab Emirates' capital Abu Dhabi. Putin's reception in the Emirati capital included a 21-gun salute, and the Emirati national air show team created a spectacle in the sky, drawing the Russian flag with coloured fumes. Hours later, he was in Riyadh and the next day Putin hosted Iran's President Ebrahim Raisi in Moscow. A nearly simultaneous Saudi-Iran diplomatic outreach by Moscow occurred nearly ten months after the Sunni and Shia powerhouses of West Asia restored their ties. Also read | Iran, Saudi Arabia restore ties as China-brokered deal outfoxes West This week, therefore, marked a significant shift in Putin's international engagements since he launched an offensive on Ukraine in February 2022. Since then, Putin has limited his visits to China, Iran and some countries of the former Soviet Union. Recent developments in the war, where Russia has gained a perceived upper hand while the West's attention shifted to the Israel-Hamas war, are understood to have influenced this change. Sheikh Mohamed bin Zayed Al Nahyan, ruler of the UAE, referred to Putin as his "dear friend." Putin, in return, acknowledged the elevated relations. During his visit to Saudi Arabia's capital Riyadh, Putin engaged in a significant exchange with Crown Prince Mohammed bin Salman (MBS). "We awaited you in Moscow," Putin told MBS with a gleeful smile. "I know that events forced a correction to those plans but as I have already said nothing can prevent the development of our friendly relations. "But," he added, "the next meeting should be in Moscow." MBS replied through a Russian translator that he was of course ready to do that. "Then we are agreed," Putin said. The geopolitical significance of Saudi and Russia, jointly controlling a substantial portion of the world's oil production, came into focus. Putin's West Asia outreach is significant as the traditional US allies in the region — Saudi Arabia, Jordan, and Turkey — have expressed outrage over America's support to Israel in the ongoing war against Hamas in the blockaded Gaza Strip. Besides, the high oil prices have played a crucial role in sustaining Russia's war efforts in Ukraine and bolstering the Saudi economy. These high-profile visits are perceived as a display of Putin's strength, strategically timed ahead of the upcoming elections in Russia. Also watch | Russian President Putin to run for presidential elections again in 2024 × The Federation Council, the upper house of Parliament, has set March 17 as the presidential election date. Putin, eligible for two more six-year terms after his current term expires, could potentially remain in power until 2036, signalling a prolonged tenure. Notably, Putin, heavily sanctioned by the West, seems keen on establishing global partnerships to counter the perception of isolation. These diplomatic moves serve as a calculated demonstration of Russia's continued presence and influence on the world stage. That's all for the capitals this weekend. See you next week.

The Capitals: Putin's Moscow is West Asia's 'dear friend'

Russian President Vladimir Putin on Friday announced that he will seek re-election in 2024 for his third consecutive term, and sixth overall, media reports said.

Putin sends message to the world with election announcement

Russian President Vladimir Putin is on a high-profile West Asia trip with his first destination being UAE. The Russian leader was given a grand welcome by the UAE.&nbsp;This is Putin's only third trip outside the former Soviet Union since February 2022, after visits to Iran and China. In other news, Israel continues to pound Gaza after the military truce expired last week, leading to the UN Human Rights chief releasing a fresh statement, condemning the 'atrocities'.

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Russian President Vladimir Putin is on a high-profile West Asia trip with his first destination being UAE. The Russian leader was given a grand welcome by the UAE.

Russian President Vladimir Putin is on a high-profile West Asia trip with his first destination being UAE. The Russian leader was given a grand welcome by the UAE. This is Putin's only third trip outside the former Soviet Union since February 2022, after visits to Iran and China. In other news, Israel continues to pound Gaza after the military truce expired last week, leading to the UN Human Rights chief releasing a fresh statement, condemning the 'atrocities'. Click on headlines to read more: Putin enters West Asia powerplay in rare wartime visit to UAE, Saudi Arabia Nearly twenty months after Vladimir Putin announced a military offensive against Ukraine by describing them as 'special military operations', the Russian president landed in the United Arab Emirates in a rare visit outside the countries of former Soviet Union as well as China. Taylor Swift named TIME magazine's Person of the Year for 2023 Global pop icon Taylor Swift has been named TIME magazine's Person of the Year for 2023. She is the best-selling music artist of all time, having sold over 200 million records worldwide. Boris Johnson says 'deeply sorry' to families of Covid victims at inquiry into Britain's handling of pandemic Former British prime minister Boris Johnson on Wednesday (Dec 6) apologised to families of Covid victims, as he started giving evidence at a UK public inquiry into his government's handling of the pandemic. Adnan Ahmed, aide of 26/11 terror attack mastermind Hafiz Saeed, killed in Pakistan Adnan Ahmed, considered to be a close aide of Lashkar-e-Taiba (LeT) founder and 26/11 Mumbai terror attacks mastermind Hafiz Saeed, was shot dead in Pakistan’s Karachi city. UN Human Rights chief warns against 'atrocity crimes' in Gaza United Nations Human Rights chief Volker Turk warned against the heightened risk of "atrocity crimes" in Gaza. Iranian court demands $50bn from US over General Soleimani's assassination in 2020 A Tehran court has issued a verdict demanding the US government to pay nearly $50 billion in damages for the assassination of Iranian General Qasem Soleimani. Caught off guard by ChatGPT: Meta’s chief scientist warned Zuckerberg, nudged him to delve in AI The advent of ChatGPT marked the initial foray of generative AI into the mainstream, taking the world by storm. However, its unexpected success reportedly caught rival companies, including Google, off guard, leading to internal concerns and declarations of a "code red". Calls rise to phase out fossil fuels, but it remains a challenge to devise a formal plan at COP28 World leaders are discussing the future role of fossil fuels at COP28, the UN climate conference in Dubai. The world hopes to see a consensus to formally phase out fossil fuels to tackle the climate crisis. The global carbon dioxide emissions from burning fossil fuels are set to hit a record high this year, according to a report published on Tuesday (Dec 5). Italy's Giorgia Meloni, India's Nirmala Sitharaman listed among world's most powerful women Italy's Prime Minister Giorgi Meloni and India's Finance Minister Nirmala Sitharaman featured among world's most powerful women of 2023. While Meloni was listed as world's fourth most powerful woman by the Forbes, Sitharaman was ranked at 32nd spot. India's Ravi Bishnoi now No. 1 bowler in T20Is, pips Afghanistan's Rashid Khan in latest ICC rankings India leg-spinner Ravi Bishnoi has become the new No. 1 bowler in T20Is as per the latest ICC rankings. Bishnoi's rise came on the back of nine wickets in the recently concluded five-T20I series against Australia. Watch | FBI Chief Christopher Wray warns of terror threats to America, calls for renewal of spy program ×

Top 10 world news: Putin's West Asia trip, deteriorating situation in Gaza, and more

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