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

No oil and gas majors aligned with climate targets: report

An A grade would be potentially aligned with the goals of the 2015 Paris Agreement to limit temperature rise to...
  • The assessment of the 25 largest listed fossil fuel firms by the think-tank Carbon Tracker is designed to enable investors to judge whether the firms are in line with international
  • At the bottom of the Carbon Tracker list were Saudi Aramco, Brazil's Petrobras, and the US's ExxonMobil, all rated G. The US firm Conoco Phillips was given an H

GCC and EU hold talks to boost economic, political ties

Brussels, Belgium-- The Gulf Cooperation Council (GCC) and the European Union have held talks in Brussels in order to enhance...
  • Jasem Mohamed Albudaiwi, head of the GCC, held talks with members of the EU Political and Security Committee
  • The two sides exchanged views on a group of regional and international issues, including the crisis in the Gaza Strip

Libya closes Tunisia border crossing after outbreak of clashes

Tripoli, Libya--Libya ordered the "immediate" closure of its main border crossing with Tunisia on Tuesday following clashes between armed groups and...
  • According to Libya's interior ministry, it ordered the closure of the post "after outlaw groups attacked the post in order to create chaos"
  • Armed clashes began on Monday night between armed groups who control Ras Jedir and security forces sent by Tripoli, as per media reports

Govt source: Canada halting arms shipments to Israel

On Monday, the Canadian Parliament passed a nonbinding resolution calling for the international community to work toward a two-state solution...
  • The move comes as Ottawa has only exported "non-lethal" shipments such as communications equipment to Israel since the deadly October 7 attacks
  • Israel has historically been a top receiver of Canadian arms exports, with CAN$21 million worth of military materiel exported to Israel in 2022

Hamas leader blames Israel for sabotaging truce talks

Ismail Haniyeh said that the Israeli actions at Al-Shifa Medical Complex "confirm their intent to obstruct the recovery of life...
  • Negotiations for a Gaza ceasefire and hostage release were underway in Doha
  • Mossad head David Barnea had flown in for talks with the Qatari prime minister on Monday

EU members to discuss Bosnia entry into Union

Brussels, Belgium - A group of EU countries including Germany on Tuesday pushed for a green light to start membership negotiations...
  • The EU's 27 leaders will debate at a summit on Thursday a proposal from the bloc's executive to launch the talks with the Balkan country
  • Balkan country Bosnia has been an official candidate for membership since 2022 but needed to implement a string of major reforms

Israel strikes ammunition depot of Hizbollah in Syria

Beirut, Lebanon - Israeli raids hit warehouses storing weapons for the Lebanese Hizbollah group in Syria Tuesday, a war monitor said,...
  • The Syrian Observatory for Human Rights said the latest strikes near the capital Damascus Tuesday had destroyed weapons and ammunition
  • The Britain-based Observatory said it was the second such strike in two days, coming after raids on Sunday hit another Hizbollah weapons depot

S.Africa says Israel war undermining top UN court

South Africa's top diplomat accused Israel of setting a precedent for leaders to defy the top UN court, as she...
  • South Africa has again petitioned the court in The Hague to order measures for Israel to stop "widespread starvation".
  • Israel hit out as the South African plea as "outrageous" and "morally repugnant," pointing to its initiatives, including humanitarian pauses in fighting.

UN says Israel may be using starvation as weapon of war

"The situation of hunger, starvation and famine is a result of Israel’s extensive restrictions on the entry and distribution of...
  • The comments came after a UN-backed assessment determined that the war-torn Palestinian territory is facing imminent famine.
  • Meanwhile, Israel's spy chief left Doha but talks over a Gaza ceasefire and hostage release are continuing in Qatar's capital.

UAE investments abroad reach US$2.5trn in beginning of 2024, says UAEIIC

ABU DHABI, UAE – The United Arab Emirates has solidified its position as a leading regional and global player in...
  • This robust financial footprint positions the UAE as a significant economic force with strong potential for continued expansion.
  • The focus on emerging markets and the creation of strategic partnerships further amplifies this momentum.

Trump says deal to end Iran conflict could be reached soon

Trump also told aides he would not resume all-out war with Iran unless Tehran killed U.S. troops, while U.S. Central...

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UN rights chief denounces Israeli ‘genocidal rhetoric’ on Gaza

Volker Turk said "shocking and dehumanizing language" has been used by a number of high-level officials, stressing that "this is...

China’s Xi calls on BRICS countries to ‘resist all forms of protectionism’

Beijing, China -- Chinese President Xi Jinping called on the 11-nation BRICS bloc to "resist all forms of protectionism" at...

Colman, Ruffalo among 1,500 film workers to boycott Israeli cinemas

The signatories included British actors Aimee Lou Wood, Josh O'Connor and Tilda Swinton, American actors Ayo Edebiri and Cynthia Nixon,...

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Trump issues ‘last warning’ to Hamas over hostages amid new proposal for ceasefire deal

"The Israelis have accepted my terms. It is time for Hamas to accept as well. I have warned Hamas about...
  • "The Israelis have accepted my terms. It is time for Hamas to accept as well. I have warned Hamas about the consequences of not accepting," Trump said on social media
  • In a statement released shortly after, Hamas said it was ready to "immediately sit at the negotiating table" following what it described as "some ideas from the American side."

Russia hits Ukraine govt offices in war’s biggest air attack

Kyiv, Ukraine -- Russia fired its biggest-ever aerial barrage at Ukraine early Sunday, killing four people and setting government offices...
  • Drone strikes also damaged several high-rise buildings in the Ukrainian capital, according to emergency services.
  • Russia fired at least 810 drones and 13 missiles at Ukraine between late Saturday and early Sunday in a new record, according to the Ukrainian air force.

Saudi launches Damascus area reconstruction project

Damascus, Syria -- Saudi Arabia announced on Sunday humanitarian projects for Syria including the removal of wartime rubble around Damascus,...
  • Saudi Arabia's KSrelief has announced the project to clear over 75,000 cubic meters of rubble from the capital and its surrounding areas.
  • In late July, Riyadh pledged $6.4 billion in investment and partnership deals with Syria.