Geostrategy

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

Israel’s Netanyahu approves new Gaza ceasefire talks

The go-ahead for a new round of talks on a Gaza ceasefire came a day after the world's top court...
  • Talks on a Gaza ceasefire and hostage release will take place in Doha and Cairo
  • Dozens of people were killed overnight, according to the health ministry in Gaza

GCC unveils strategic vision for regional stability

For the first time in its 43-year history, the bloc has set a strategic vision that prioritizes diplomacy and dialogue...
  • For the first time in its 43-year history, the bloc has set a strategic vision that prioritizes diplomacy and dialogue over force to boost regional security and stability.
  • This landmark initiative marks a significant departure from previous strategies, setting a new precedent for peaceful dispute resolution and cooperation in the region.

Turkey says Erdogan to meet Joe Biden at White House on May 9

Istanbul, Turkey - Turkish President Recep Tayyip Erdogan will meet with US counterpart Joe Biden at the White House on May...
  • The Biden administration in January approved $23 billion in F-16 warplanes for Turkey swiftly after it ratified Sweden's stalled NATO membership bib
  • Some analysts additionally linked Turkey's continued delays to Erdogan's anger at Washington for its support of how Israel is pursuing its war against Hamas

Turkish Airlines restarts Libya flights after almost a decade

Istanbul, Turkey - Turkey's flagship carrier, Turkish Airlines, has resumed flights to Libya's capital, almost 10 years after they were suspended...
  • The airlines's chief executive, Bilal Eksi, attended a ceremony at Mitiga International Airport on Thursday to mark its first flight to Libya since 2015.
  • A company spokesman told AFP on Friday that Turkish Airlines will operate flights to Tripoli three times a week on Tuesdays, Thursdays and Sundays.

US census to include Middle Eastern or North African category

The next US census and federal government forms will include new options for race and ethnicity including a category for...
  • "These updated standards will help create more useful, accurate and up-to-date federal data on race and ethnicity," US Chief Statistician Karin Orvis said.
  • These revisions will enhance the ability to compare data across federal agencies, and to understand how federal programs serve a diverse America.

US Federal Reserve’s preferred inflation gauge ticks up as fuel costs rise

WASHINGTON, US – The US central bank's favored measure of inflation edged higher last month on the back of rising fuel...
  • The personal consumption expenditures price index rose at an annual rate of 2.5 percent in February.
  • Much of the February increase in the cost of goods came from energy prices, which rose 2.3 percent from January.

Israeli strikes kill dozens in Syria and Lebanon, rile Russia and Iran

In Syria, "Israeli strikes" targeted a Hizbollah "rockets depot" in Aleppo province, killing 36 Syrian soldiers, seven Hezbollah members and...
  • Moscow said they were "categorically unacceptable" while Iran said they were a "violation of Syria's sovereignty" and "a serious threat to peace and security".
  • In Lebanon, Hizbollah has exchanged near-daily fire with the Israeli army across the country's southern border since October, saying it is in support of Gazans and Hamas.

Restoration project for Jeddah district’s old buildings completed

JEDDAH, SAUDI ARABIA – The Ministry of Culture, represented by the Jeddah Historic District Program, has announced the completion of...
  • The project comes within the context of the Crown Prince's keenness to preserve and rehabilitate historical sites.
  • The project aimed to highlight the heritage landmarks that Jeddah District is abundant in as a site containing over 600 heritage buildings.

Turkey’s Erdogan seeks to wrest back Istanbul in mayoral election

Istanbul, Turkey--Recapturing Istanbul, the "jewel" of Turkey, in Sunday's local elections has become President Recep Tayyip Erdogan's obsession ever since losing...
  • In 1994, Erdogan was elected mayor of the city, setting him up to become president of the country, a seat he continues to occupy
  • He named former minister Murat Kurum as his mayoral candidate, entrusting him to reconquer Istanbul and consolidate his power

ICJ orders Israel to ensure humanitarian aid in Gaza

The International Court of Justice said in its order that Israel should "take all necessary and effective measures to ensure,...
  • The court said that Palestinians in Gaza are no longer facing only a risk of famine, but... famine is setting in
  • At the ICJ, South Africa has charged that Israel is perpetrating a genocide in Gaza

Saudi, UAE startups join World Economic Forum’s global tech cohort

Saudi Arabia was represented by intella, which develops Arabic-language speech recognition and analytics tools, and Nommas Technologies, which provides AI-powered...

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Suspect in Charlie Kirk killing caught, widow vows to carry on fight

The widow of prominent right-wing activist Charlie Kirk pledged Friday to carry on her husband's work, after US authorities announced...

Russia says Ukraine peace talks with Kyiv on pause as NATO bolsters defences

Russia said Friday that peace talks with Kyiv were on "pause" as President Volodymyr Zelensky warned that his Russian counterpart...

Fifty reported dead in Gaza as Israel steps up attacks to capture main city

Israel has said it intends to capture the territory's largest urban centre, which it describes as one of the last...

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China urges ‘dialogue’ with US over TikTok: ministry

Beijing, China -- China urged the United States on Friday to address their TikTok dispute through dialogue, as top leaders...
  • The deadline for the popular app to find a non-Chinese buyer or be banned in the United States is September 17, after President Donald Trump extended it for the third time.
  • A federal law requiring TikTok's sale or ban on national security grounds was due to take effect the day before Trump's January inauguration.

UN General Assembly votes for Hamas-free Palestinian state

The text was adopted by 142 votes in favor, 10 against -- including Israel and key ally the United States...
  • It also calls for "collective action to end the war in Gaza, to achieve a just, peaceful and lasting settlement of the Israeli-Palestinian conflict based on the effective implement
  • The New York Declaration includes discussion of a "deployment of a temporary international stabilization mission" to the battered region.

UAE summons Israel envoy over ‘cowardly’ Qatar attack, condemns Netanyahu’s statements

The UAE, along with Bahrain, was the first Gulf country to normalize ties with Israel in 2020 and has been...
  • Friday's rare summoning was the strongest in a chorus of condemnations as anger boils in the Gulf over Israel's strike on a region long shielded from Middle Eastern conflicts.
  • The rebuke comes amid a diplomatic frenzy over the attack with an emergency Arab-Islamic summit planned in Doha to discuss a regional response to the attack.