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BP announces $7bn gas project

The project aims to unlock 3 trillion cu ft of gas resources in Indonesia.

Lulu Retail Q3 profit $35m

For the nine-month period, net profit increased by 73.3%.

Talabat IPO offer price range announced

The subscription will close on 27 Nov for UAE retail investors.

Salik 9M net profit $223m

The company's third-quarter profit increased by 8.8 percent.

Avia to buy 40 Boeing aircraft

The transaction for the purchase of 737 MAX 8 jets valued at $4.9bn.

Updates: Iran’s supreme leader says anti-Israel resistance will not back down

Ayatollah's rare address in Arabic follows Iran's second-ever direct attack on Israel; rallies held in Jordan and Bahrain in support...
  • Speaking days ahead of Oct 7 attack anniversary, Khamenei defended the Palestinian group's "logical and legal" actions and hailed its "fierce defense" against Israeli forces.
  • Beyond Tehran, crowds of protesters gathered in Jordan and in Bahrain, which both have ties with Israel, after Friday prayers in a show of support for Hamas and Hezbollah.

Israel’s hawkish Yoav Gallant driving war in Lebanon

Jerusalem, Undefined - Defence Minister Yoav Gallant, a former general who has shaped Israel's war against Hamas in Gaza, is a...
  • The hawkish politician, a member of Prime Minister Benjamin Netanyahu's party has repeatedly stressed that Israel must take the fight to Lebanon
  • Military action was "the only way to ensure the return of communities in northern Israel to their homes", Gallant told visiting US envoy Amos Hochstein last month

FIFA defers decision on Palestinian request to suspend Israel

FIFA president Gianni Infantino said in a statement: "The FIFA Council has implemented due diligence on this very sensitive matter...
  • At FIFA's congress in Bangkok in May, the Palestinian Football Association called for its Israeli counterpart to be suspended and for Israeli teams to be banned from FIFA event
  • FIFA was initially set to hold an extraordinary session of its ruling council before July 20 to review the independent legal analysis and decide how to proceed

Libya’s eastern administration lifts oil production, export blockade

The Benghazi-based administration, which controls most of Libya's oilfields, said in a Facebook post it was "lifting the force majeure...
  • Libya is struggling to recover from years of conflict after the 2011 NATO-backed uprising that overthrew Moamer Kadhafi
  • It remains split between a United Nations-recognized government of Prime Minister Abdulhamid Dbeibah and the rival authority in the east backed by military strongman Khalifa Haftar

Updates: President Biden says ‘discussing’ possible Israeli strikes on Iran oil facilities

Oil prices shoot up as Biden suggests that Israel might target Iranian oil facilities, while GCC Arab states, including Qatar,...
  • "First of all, we don't 'allow' Israel, we advise Israel. And there is nothing going to happen today," says Biden.
  • GCC Arab states, including Qatar, Saudi Arabia, and UAE reassure Iran of neutrality in the conflict between Tehran and Israel

Samsung says planning job cuts

The layoffs could affect about 10 percent of the workforce.
  • The world's largest memory chipmaker is modifying staffing levels in Southeast Asia, Australia, and New Zealand, a company spokesman told AFP
  • The "routine workforce adjustments" are carried out "to improve operational efficiency," said Samsung Electronics in a statement

Regional Updates: Iran “not looking for war” but will retaliate fiercely to any Israeli attack

Iranian leadership vows strong retaliation if Israel attacks Iran as Hezbollah kills eight Israeli soldiers and destroys 3 tanks while...
  • Hezbollah said it repelled an Israeli infiltration into southern Lebanon on Wednesday, as Israel reported eight soldiers were killed and 3 tanks destroyed
  • US President Joe Biden rules out supporting an Israeli strike on Iran's nuclear sites as Israel aims to garber support for an attack against Iran

Israel declares UN chief ‘persona non grata’ over Iran attack response

"Anyone who cannot unequivocally condemn Iran's heinous attack on Israel does not deserve to step foot on Israeli soil," said...
  • Following Iran's missile attack on Israel late Tuesday, Guterres condemned the "broadening conflict in the Middle East", slamming "escalation after escalation" in the region.
  • Israel has been a harsh critic of the UN, with ties between the state and the international body souring even more after the October 7 Hamas attacks.

G7 says diplomatic solution is still possible in Middle East

Rome, Italy -- The G7 on Wednesday vowed to work together to reduce tensions in the Middle East and said a...
  • Italian Prime Minister Giorgia Meloni called a telephone meeting of the body Wednesday to address the escalating Mideast crisis.
  • "In a constantly evolving scenario, it was agreed to work together to promote a reduction of tensions at the regional level," said the statement released by the Italian government.

Hezbollah says it clashed with Israeli troops who tried to ‘infiltrate’ Lebanon

Hezbollah said Wednesday it clashed with Israeli soldiers who tried to infiltrate into Lebanon, and also targeted Israeli troops across...
  • Israeli military said that troops had started "targeted ground raids" in south Lebanon
  • Israeli strikes killed a further 55 people on Tuesday

Iraqis face tough homecoming a decade after IS rampage

Hassan Shami, Iraq - A decade after Islamic State group extremists rampaged through northern Iraq, Moaz Fadhil and his eight children...

Latest News

Lebanon MPs demand UN protection of heritage sites from Israel attacks

The Lebanese MPs called on Azoulay to "urgently prioritize the protection of these historic sites by mobilizing UNESCO’s authority.

Trump victory reflects Arab-American support, Netanyahu discusses Iran with him amid lingering regional conflict

In a unique campaign twist, Trump captured Muslim voters by pledging diplomacy, promising to end prolonged conflicts and promote stability,...

US Fed expected to look beyond Trump win and cut rates again

The labor market has remained resilient, despite a sharp hiring slowdown last month due to adverse weather conditions and a...

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Trump wins White House in stunning comeback

The polarizing Republican's win, following one of the most hostile campaigns in modern US history, was all the more remarkable...
  • As supporters chanted "USA!", the 78-year-old added that his "magnificent" win would "allow us to make America great again
  • World leaders swiftly pledged to work with Trump, led by Israel and Ukraine where the course of raging conflicts could depend on the new presiden

Republicans seize control of US Senate: networks

Republicans wrested the US Senate from Democratic control, ending four years in the minority, in its quest to dominate every...
  • Republicans reversed the Democrats' 51-49 Senate advantage with at least 51 seats and counting
  • If Republicans win all of the toss-up races, they'll end the election with 55 of the 100 seats

Netanyahu sacks defense minister Gallant over differences on Gaza

Citing a “trust breakdown,” Netanyahu dismissed Defense Minister Gallant amid the Gaza conflict, sparking Tel Aviv protests, as new defense...
  • Netanyahu and Gallant have frequently clashed over Israel's military offensive against Hamas following the Palestinian militant group's attack on Israel on October 7 last year
  • Israel's campaign has killed 43,391 people in Gaza, a majority of them civilians, according to Gaza health ministry figures which the United Nations considers to be reliable