UN says Gaza faces worst economic crisis, needs $71.5 billion for recovery
The United Nations Conference on Trade and Development (UNCTAD) 92% of its economic establishments damaged or destroyed and more than...
Geostrategy
Geostrategy
Meta tests AI-powered scam alerts on WhatsApp
Meta is testing an optional AI-powered scam alert feature on WhatsApp that warns users when conversations may involve fraud. The...
- The optional feature uses AI to identify conversations that could be linked to fraudulent schemes and warns users.
- Users can block contacts, report accounts, continue conversations or mark incorrectly flagged chats as trusted.
Geostrategy
SpaceX launches two Falcon 9 rockets 38 minutes apart
SpaceX launched two Falcon 9 rockets from opposite US coasts just 38 minutes apart on Saturday, setting a new launch...
- Two Falcon 9 rockets launched from Florida and California, carrying Globalstar satellites and a classified US Space Force mission.
- Globalstar's eight satellites were successfully deployed, while the second rocket carried the classified USSF-366 mission.
Geostrategy
Israel bombs southern Lebanon again hours after killing 11 in deadly strikes
Meanwhile, Iran's foreign minister says Tehran has not decided whether to resume negotiations with Washington, accusing the United States of...
- Lebanese Prime Minister Nawaf Salam said those killed in Ansar were not military infrastructure or legitimate military targets.
- Hezbollah said the attacks would be "met with what they deserve".
Business
AD Ports posts 88 percent rise in second-quarter net profit
Dubai, UAE -- AD Ports Group reported a record quarterly performance for the second quarter of 2026, with net profit...
- Revenue rose 47 percent to AED7.08 billion ($1.93 billion), while EBITDA increased 49 percent to AED1.74 billion ($474 million).
- The group added 400 trucks during the quarter and increased rail service frequency with Etihad Rail.
Geostrategy
US warns of ‘never seen before’ sanctions against Iran as Hormuz impasse continues
US Treasury Secretary Scott Bessent said the sanctions "will be a combination of economic isolation like the world has never...
- The USS Abraham Lincoln has been deployed for nearly nine months, with US lawmakers demanding answers about conditions aboard the aircraft carrier.
- Israeli forces have continued bombing and destruction operations across southern Lebanon, according to Lebanon’s National News Agency.
Business
DEWA posts record H1 profit
Revenue reaches record $4.04 billion.
- DEWA’s first-half net profit rose 15.02 percent, supported by electricity, water and cooling demand, customer growth and operational performance.
- Clean energy accounted for 19.9 percent of power generated during the second quarter, as DEWA expanded renewable capacity.
Geostrategy
Israeli settlers besiege three Palestinian families in occupied West Bank
Residents say settlers cut water and electricity, trapping families inside their homes as violence and land seizures by settlers intensify...
- Residents said Israeli forces intervened after days of siege but failed to remove settlers from the area.
- UN figures show settler violence, demolitions and evictions have displaced about 3,800 Palestinians in territory this year.
Analysis
GCC banks need stronger safeguards amid geopolitical uncertainty, KPMG says
KPMG says banks can strengthen portfolios through scenario analysis, stronger governance and monitoring as geopolitical tensions threaten borrowers, funding conditions...
- GCC banks' 19.3% capital ratio provides a foundation after years of prudent risk management and balance sheet discipline.
- Retail, corporate and commercial real estate portfolios face pressures from income erosion, funding costs, revenue disruption and valuation risks.
Geostrategy
US forces halt third cargo ship to enforce blockade of Iranian ports
A US helicopter fired missiles at a Panama-flagged cargo ship after its crew allegedly ignored repeated warnings from American forces,...
- Four drones struck three Kurdish camps near Erbil, with no casualties reported, amid tensions involving Tehran and Iraq.
- Three Pakistani nationals were killed and another injured in Houthi attack on a vessel in the Red Sea.
Business
Tabreed H1 revenue $308m
Blurb: Profit reaches $52 million in H1
- Connected capacity rose 15 percent year-on-year, reaching 1.58 million refrigeration tonnes amid continued portfolio expansion.
- Operating cash flow climbed 40 percent to $172 million, supporting growth investment, balance sheet optimisation and shareholder returns.
Company News
Trump says US nearing end of Iran war
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Trump says US nearing end of Iran war
The United Nations, meanwhile, called for de-escalation and diplomacy; Oil prices fell as Saudi Arabia offered additional crude cargoes through...
Geostrategy
GISEC 2026 opens with focus on AI threats, cyber resilience
Global cybersecurity experts converged in Dubai as GISEC 2026 opened, warning that AI is reshaping both cyberattacks and national defense...
Geostrategy
Gaza death toll since ceasefire rises to 1,375 as settler violence surges
The ministry said three Palestinians were killed and at least 27 injured during the 24 hours covered by its latest...
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Geostrategy
Saudi Arabia’s East-West pipeline shutdown puts 4% of global oil supplies at risk
Oman, meanwhile, postpones meeting with Gulf states and Iran on possible Strait of Hormuz agreements, Foreign Minister Badr Albusaidi said,...
- Hormuz shipping remains constrained, with four vessels exiting the Gulf and 10 entering over the weekend, preliminary data showed.
- Oil prices rose sharply on Monday, with Brent crude climbing above $107 a barrel.
Business
UAE non-oil trade with BRICS countries reaches $312 billion, says minister of foreign trade
Dr. Thani bin Ahmed Al Zeyoudi said trade with BRICS countries grew 28.5 percent in 2025 from the previous year,...
- Al Zeyoudi said UAE seeks stronger trade facilitation, free trade agreements and comprehensive economic partnerships to diversify its economy.
- The minister said the UAE had strengthened such partnerships even before joining BRICS as part of its strategy to diversify the economy and open new markets for the private sector.
Analysis
The long memory of Dubai’s debt markets
Binghatti’s review comes as net profit rose 64% year-on-year, while Moody’s had only five months earlier cited strong liquidity, disciplined...
- Emaar operated normally through its 2009 review, later delivering stronger leverage, higher interest coverage and a AED127 billion backlog.
- Nakheel’s 2009 crisis required AED8 billion in government liquidity support, while creditors accepted repayment terms in a 2010 restructuring.