FAB plans $4.08bn rights issue

UAE’s largest bank seeks capital for growth.

flydubai launches new flights

Riga, Salzburg, Vilnius flights begin from Dec

ADNOC Gas Q3 profit $1.34bn

Stronger earnings support higher full-year outlook

Agthia 9M profit nearly triples

Third-quarter revenue increased 14.4 percent.

UAB nine-month profit rises 6%

Loan growth, lower impairment charges boost earnings

European Union to increase Gaza humanitarian aid by $27mn

"Our hearts bleed at the images of small children pulled out from under the rubble," the EU chief said. (AFP)
  • The EU chief Von der Leyen, a staunch supporter of Israel, said it was essential the country "strives to avoid civilian casualties" in its operation in Gaza.
  • Von der Leyen told diplomats that even as conflict rages, there needs to be a "perspective" for a two-state solution.

Brussels, Belgium – European Commission president Ursula von der Leyen on Monday said the EU is increasing its humanitarian aid for Gaza by 25 million euros ($27 million).

“By doing so the European Union will spend a total of 100 million euros in humanitarian aid for the civilians in Gaza,” von der Leyen told EU diplomats in Brussels.

Von der Leyen said flows of aid into Gaza from Egypt “remain too small” and the EU was working on setting up other possible routes including deliveries via sea from Cyprus.

Also Read Exclusive reports on Gaza-related developments

Von der Leyen, a staunch supporter of Israel, said it was essential the country “strives to avoid civilian casualties” in its operation in Gaza.

She insisted a prerequisite once the fighting stops is that “Gaza can be no safe haven for terrorists” and Hamas will no longer be in charge of the territory.

“Different ideas are being discussed on how this can be ensured, including an international peace force under UN mandate,” she said.