Geostrategy

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

du 9M profit up 10.8%

Revenue grows as connectivity demand supports earnings

Al Rajhi Bank 9M profit up

Revenue growth lifts earnings despite higher provisions

Mashreq prices Dim Sum bond

UAE bank raises offshore renminbi funding

Dubai utility DEWA says solar park to exceed 8 GW capacity by 2030

Dubai, UAE -- Dubai's state utility DEWA said its flagship Mohammed bin Rashid Al Maktoum Solar Park will exceed 8,000...
  • Mohammed bin Rashid Al Maktoum Solar Park will exceed 8,000 megawatts (MW) of generation capacity by 2030.
  • The utility said it ranks first globally in 13 operational performance indicators, including electricity transmission and distribution losses of 2 percent.

US launches fresh strikes on Iran as Tehran expands attacks on Gulf bases

The latest operation followed approximately 140 US strikes carried out the previous day after Iran attacked a commercial ship in...
  • Iranian state media reported US strikes on the southern Gulf islands and said one person was killed and four others wounded in Khuzestan province.
  • Iran also reported drone strikes on sites in Oman, while Kuwait said border posts and an offshore oil platform had come under attack.

Sheikh Hamad bin Khalifa Al Thani, who put Qatar on world map, passes away

His death at the age of 74 closed a defining chapter in the country's modern history. During his 18-year reign...
  • His voluntary 2013 abdication to Emir Sheikh Tamim marked an unprecedented peaceful generational transition in modern Gulf monarchies.
  • In 1996, he authorised the launch of Al Jazeera, the satellite television network that revolutionised Arabic-language news and reshaped media across the region.

Iran launches drone, missile attacks on Gulf nations after US strikes

The latest round of fighting erupted after Iran's IRGC attacked a Cyprus-flagged container ship it said was transiting via an...
  • UAE's ministry of defence said the country's air defence was engaging Iranian drones and missiles.
  • Qatar and Bahrain asked its citizens to remain calm and move to safer places.

Tehran says it ‘kept its word’ as Trump threatens to ‘decimate’ Iran if targeted

Foreign minister Abbas Araghchi says compliance with the US-Iran memorandum of understanding must be mutual. Tehran denies seeking new talks...
  • US reportedly gives Tehran a deadline to stop attacks on shipping in the Strait of Hormuz.
  • Trump says '1,000 missiles are locked and loaded and aimed at Iran' with 'thousands more ready to follow'.

Khamenei laid to rest in Mashhad as clashes persist, Hormuz traffic recovers

Khamenei's flag-draped coffin was carried into the Imam Reza shrine in his hometown of Mashhad, where state television said he...
  • Japan says 22 linked vessels exited the Gulf since Tuesday as LNG tankers increasingly resumed Strait of Hormuz transits.
  • Diesel export curbs in Russia and limited refining capacity continue supporting fuel prices despite easing crude market volatility.

US strikes Iran during Khamenei funeral despite promised pause

Attacks hit southern Iran as funeral rites for the slain supreme leader continued in Iraq, prompting Tehran to accuse Washington...
  • US military said strikes hit more than 80 targets after accusing Iran of attacking three commercial vessels in the Strait of Hormuz.
  • Iran vowed a crushing response, saying the attacks violated the memorandum and warning only its designated Hormuz shipping route remained safe.

Missile attack sets tanker ablaze off Oman as US blames Iran

The latest incident follows weeks of escalating tensions over a US-backed maritime corridor through Omani territorial waters, a route Iran...
  • In Lebanon, President Joseph Aoun said he expects to visit the White House before the end of July for talks with US President Donald Trump.
  • Separate reports said more than 600,000 Lebanese remain unable to return to their homes because of continuing Israeli military operations.

Funeral procession for Khamenei begins, mourners carry anti-US and anti-Israel messages

Organizers said the procession is expected to last between 10 and 12 hours along a roughly 10-kilometre route passing through...
  • The procession had begun from Tehran's Grand Mosalla mosque, where Khamenei's body had lain in state for two days.
  • Ayatollah Ali Khamenei was killed on February 28 in US-Israeli air strikes that launched the conflict between Iran and Israel.

OPEC+ agrees fresh August output hike as Gulf oil production slowly recovers

The producer group approved another increase of 188,000 barrels per day for August, signaling confidence that Gulf oil output can...
  • Gulf output remains well below pre-war levels despite improving shipping through Hormuz.
  • Analysts say restarting shut-in production will take time, while 2027 quota talks could test OPEC+ unity.

Netanyahu bloc leads but Israel election leaves parliament deadlocked

Partial results leave Netanyahu short of a majority, with Arab-led parties gaining seats and coalition talks set to determine Israel’s...

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Yemen’s government forces strike Houthi targets in Sanaa, Saada

The strikes came hours after the Iran-backed Houthis claimed an attack on an oil facility near Riyadh, where journalists reported...

Trump threatens Iran again as US moves 2000 marines to Middle East

Trump said the current confrontation with Iran would end “very soon” and warned that Tehran “won’t be around very long”...

Flydubai suspends Israel flights after emergency landing

Flight FZ1073 was carrying 174 people, most of them Israeli nationals, when a violent confrontation reportedly broke out in the...

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Fatima El Mansouri appointed Morocco’s first woman prime minister

Fatima Ezzahra El Mansouri is the second woman to serve as prime minister in the Arab world after Najla Bouden’s...
  • El Mansouri, a 50-year-old urban planning minister and the mayor of Marrakesh, was tasked with forming a new government..
  • She entered local governance early, when she was elected mayor of Marrakesh in 2009, becoming the first woman to hold the city’s mayoralty.

Trump says war will end ‘very soon’, reiterates Iran Tehran will not have nuclear weapon

Saudi Crown Prince Mohammed bin Salman and UAE Vice President Sheikh Mansour bin Zayed Al Nahyan discuss regional developments in...
  • Oil prices rose on Wednesday after Trump denied he would be willing to ease sanctions on Iran, following a drop in the previous session driven by a recovery in Middle Eastern crude
  • Meanwhile, Iran’s Islamic Revolutionary Guard Corps issues an open letter to US voters ahead of the upcoming midterm elections, urging that the Trump administration must be changed

Iran, US remain at odds over Strait of Hormuz reopening, ending war

Iran’s army chief, General Amir Hatami, said the war with the United States was not over and that Tehran needed...
  • IRGC says it captured a US Remus 600 underwater vehicle in the Strait, amid escalating tensions over maritime access.
  • France says military assistance to Saudi Arabia remains defensive, as Houthi missile and drone attacks add another regional front.