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

High inflation leaves Nigeria struggling ahead of Ramadan

Lagos, Nigeria - The holy fasting month of Ramadan begins early next week in Nigeria, with the worst economic crisis in...
  • With food inflation at around 35 percent, worshipers taking part in Friday prayers at the central mosque in Lagos said they were barely able to provide for their families
  • The government brought in reforms last year that have had a devastating effect on citizens of Africa's biggest economy, where around half the population is Muslim

Turkish president Erdogan declares Ankara ‘backs’ Hamas

Ankara, Turkey - Turkish President Recep Tayyip Erdogan said on Saturday Ankara "firmly backs" Palestinian group Hamas. "No-one can make us...
  • "No-one can make us qualify Hamas as a terrorist organization," he said in a speech in Istanbul.
  • Erdogan has been one of the most virulent critics of Israel since the start of the war in Gaza.

Red Cross head says Gaza war ‘ruptured’ shared humanity

Geneva, Switzerland - The war in Gaza has "ruptured any sense of a shared humanity," the head of the International Committee...
  • ICRC head Mirjana Spoljaric called for an urgent ceasefire in Gaza, saying Israel and Hamas must respect international law and protect civilians.
  • "In the face of such deep suffering", the ICRC called urgently for a ceasefire to allow "a steady, robust flow of humanitarian aid" to reach people in Gaza.

Drone strike blamed on Turkey kills three in Iraq

Arbil, Iraq - A drone strike in northern Iraq killed a Kurdistan Workers' Party (PKK) commander, Kurdish authorities said, raising the...
  • Turkey often carries out ground and air operations in northern Iraq against positions of the PKK, which has waged a decades-long insurgency against the Turkish state.
  • In the past 25 years Turkey has operated several dozen military bases in northern Iraq in its war against the PKK, which Ankara and its Western allies consider a "terrorist" group.

Iran hits out at UN experts report on 2022 protests

TEHRAN, IRAN – Tehran on Saturday strongly condemned a UN report on the Islamic republic's response to mass protests in 2022,...
  • International experts said the repression of mostly peaceful protests beginning in September 2022 have led to "crimes against humanity".
  • The UN Human Rights Council mandated the experts' investigation following massive protests after the death in police custody of Mahsa Amini.

US-led coalition shoots down 15 Yemen rebel drones: CENTCOM

CENTCOM and coalition forces determined that the drones "presented an imminent threat to merchant vessels, US Navy and coalition ships...
  • US Central Command, or CENTCOM, said the "large-scale" Houthi attack occurred before dawn into the Red Sea and adjacent Gulf of Aden
  • On January 9, US and British forces shot down 18 drones and three missiles fired by the rebels toward ships in the Red Sea, the US military said at the time

Erdogan says March local elections will be his ‘last’

It was the first time that Erdogan, who has been in power since 2003, has spoken about leaving office. The...
  • The 70-year-old leader expressed confidence that his conservative Justice and Development (AKP) party would nonetheless remain in power even after he has left office
  • Erdogan said that the results of the March 31 local elections would be "a blessing for the brothers who come after me and there will be a transfer of confidence"

Asif Ali Zardari: ‘Artful dodger’ returns as Pakistan president

He has spent more than 11 years in jail, a long time even by the standards of Pakistani politicians, with...
  • Initially a background character as Bhutto's consort, Zardari was stained by a bevy of corruption and other allegations
  • Between 2008 and 2013, he ushered in constitutional reforms rolling back presidential powers, and the 68-year-old's second term will see him steer a largely ceremonial office.

Canada to resume funding UN agency for Palestinians

Canada has reviewed the investigation's interim report and "we were reassured by the contents," Minister of International Development said. He...
  • UNRWA has been at the center of controversy since Israel accused 12 of its employees in January of involvement in the October 7 attack
  • About 15 countries, including the United States, Britain, Germany and Japan, suspended funding to UNRWA at the end of January

Italy begins probe into OpenAI’s new video tool Sora

ROME, ITALY – The European country's data protection watchdog - Italian Data Protection Authority - said on Friday it has launched...
  • The Italian Data Protection Authority said it was concerned over “the possible implications for the processing of personal data of users.”
  • The watchdog said OpenAI -- which also makes chatbot ChatGPT and the image-generating DALL-E -- has 20 days to provide information.

Xi and Putin reaffirm alliance days after Trump’s Beijing visit

Chinese President Xi Jinping hosted Russian President Vladimir Putin in Beijing on Wednesday, days after US President Donald Trump visited...

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France issues arrest warrant for Syria’s Assad over 2012 journalist killings: lawyers

Paris, France -- French judicial authorities have issued arrest warrants for ousted Syrian president Bashar al-Assad and six other top...

Post SCO summit, China’s Xi and Russia’s Putin start talks in Beijing, says state media

The Chinese and Russian leaders criticised Western governments during the summit on Monday, where Xi slammed "bullying behaviour" from certain...

Hamas rejects reported plan for US takeover of Gaza and relocation of its residents

Hamas denounced on Monday a plan reportedly being considered by US President Donald Trump for the United States to take...

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US would control Gaza, displace all its people under Trump’s new plan: report

The entire population of Gaza would be relocated and the United States would take control of the Palestinian territory under...
  • The enclave reduced to rubble in Israel's war prompted by the Hamas attack of 2023 would be transformed into a trusteeship administered by the United States for at least 10 years
  • Another goal of the plan modeled on President Donald Trump's stated vision of making it the "Riviera of the Middle East" is to transform Gaza into a tourism resort

Leaders gather in China for SCO summit ceremony, Xi slams ‘bullying’ behaviour in world order

The SCO comprises China, India, Russia, Pakistan, Iran, Kazakhstan, Kyrgyzstan, Tajikistan, Uzbekistan and Belarus -- with 16 more countries affiliated...
  • The SCO comprises China, India, Russia, Pakistan, Iran, Kazakhstan, Kyrgyzstan, Tajikistan, Uzbekistan and Belarus -- with 16 more countries affiliated as observers
  • More than 20 leaders including Iranian President Masoud Pezeshkian and his Turkish counterpart Erdogan are attending the bloc's largest meeting since its founding in 2001

Putin and Modi in China for summit hosted by Xi

President Xi Jinping gathered the leaders of Russia and India among dignitaries from around 20 Eurasian countries on Sunday to...
  • The SCO comprises China, India, Russia, Pakistan, Iran, Kazakhstan, Kyrgyzstan, Tajikistan, Uzbekistan and Belarus -- with 16 more countries affiliated as observers
  • Russian President Vladimir Putin touched down in Tianjin on Sunday with an entourage of senior politicians and business representatives