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

Seizure of vessel anchored near UAE coast close to Hormuz raises Gulf tensions

The incident came hours after India condemned an attack on an Indian-flagged vessel off Oman’s coast, calling continued assaults on...
  • Malaysia warned Iranian-linked “shadow fleet” oil transfers near its waters exploited maritime loopholes across major Asian shipping corridors.
  • Iran staged a mass World Cup departure rally in Tehran despite continuing uncertainty surrounding travel and participation in the United States.

Pentagon raises Iran war cost to $29 billion

The Pentagon on Tuesday revised the estimated cost of the war on Iran to nearly $29 billion, roughly $4 billion...
  • The updated estimate emerged during back-to-back hearings on the Pentagon’s nearly $1.45 trillion budget request for the upcoming fiscal year
  • Pentagon comptroller Jay Hurst clarified that the new figure does not include the cost of repairing U.S. military facilities damaged in Iranian missile and drone attacks

Donald Trump says US-Iran ceasefire deal on ‘life support’

Shipping disruptions, sanctions and worsening humanitarian fears deepen global anxiety as Washington rejects Tehran’s latest peace proposal over nuclear concessions.
  • UK and France prepared new Hormuz defence coordination talks as regional governments feared prolonged disruption to energy and fertiliser shipments.
  • Saudi Aramco warned continued Strait disruptions could delay global oil market normalization until 2027 despite rapid production expansion capability.

US slaps fresh sanctions on China-linked firms over Iran missile program 

The United States on Friday announced a fresh round of sanctions targeting people and companies in China, Hong Kong, Belarus,...
  • The sanctions come as tensions continue to rise in the Persian Gulf amid ongoing clashes between Washington and Tehran over the Strait of Hormuz
  • The measures are aimed at disrupting Iran’s military industrial supply chain and restricting its access to materials required to build drones and missiles

Artificial intelligence rapidly reshaping cybersecurity: WEF

The AI and Cyber: Empowering Defenders report, developed in collaboration with KPMG, highlights measurable gains in cost reduction, response speed...
  • Some 94% of cyber leaders identify AI as a defining force and 77% of organisations already use it in their cyber operations.
  • The report emphasises that AI’s value in cybersecurity lies in augmenting human expertise, accelerating decisions and strengthening resilience.

Emirates restores 96 percent global network after disruption

The airline said it now operates to 137 destinations across 72 countries, with more than 1,300 weekly flights, representing about...
  • Even during reduced operations, Emirates carried 4.7 million passengers, underscoring resilient travel demand despite widespread disruption to regional air routes.
  • The recovery follows a significant disruption triggered by the recent Iran-related conflict, which led to widespread airspace restrictions across parts of the Gulf and West Asia.

Renewed fighting likely, Washington couldn’t be trusted: Iran commander

Mohammad Jafar Asadi's remarks came after Trump's assertion that he was dissatisfied with Iran’s latest offer, delivered through Pakistani mediators....
  • Iranian lawmakers are considering legislation that would direct 30% of Hormuz transit tolls toward military infrastructure, with the remainder allocated to economic development.
  • NATO said it is seeking clarification from Washington after the Pentagon announced plans to withdraw around 5,000 troops from Germany over the next six to 12 months.

Trump claims war powers law doesn’t apply as Iran hostilities ‘terminated’

US President Donald Trump has told Congress that he does not need authorisation for military action against Iran, arguing that...
  • Trump argued that there had “been no exchange of fire between United States Forces and Iran since April 7,” and that hostilities “have terminated.
  • Hours later, Trump appeared to contradict his position, stating: “You know we’re in a war,” adding, “Because I think you would agree we cannot let lunatics have a nuclear weapon'

Khamenei signals Iran control over Strait of Hormuz, rejects US role

Iran’s supreme leader Ayatollah Mojtaba Khamenei has issued a strong statement asserting that the United States should have no role...
  • The statement, released on Iran’s National Day of the Persian Gulf, also reaffirmed Iran’s determination to retain its nuclear capabilities
  • “By the will and power of God, the bright future of the Persian Gulf region will be a future without America,” the statement said

Pentagon puts Iran war cost at $25 Bn; Hegseth clashes with lawmakers

The Pentagon has estimated that the ongoing Iran war has cost the United States $25 billion and claimed 14 American...
  • Testifying before the House Armed Services Committee, Hegseth sharply criticised lawmakers from both parties who questioned the conflict
  • “The biggest challenge, the biggest adversary we face at this point are the reckless, feckless and defeatist words of congressional Democrats and some Republicans.”

IRGC announces shift to ‘offensive and asymmetrical’ doctrine in case of attack

Iranian Foreign Minister Abbas Araghchi, meanwhile, has said Tehran is prepared to give diplomacy another chance if Washington provides evidence...

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Israeli strike in southern Lebanon triggers 4.1 magnitude tremor

An Israeli strike on an alleged Hezbollah tunnel complex in southern Lebanon triggered a 4.1 magnitude tremor, after one of...

IRGC targets US sea drone as Hormuz traffic falls to single digits

The claim came a day after Iran said it had captured an unmanned US submarine drone, while the US military...

Projectiles hit Iran’s Sirik, Minab, Qeshm Island as oil crosses $100 a barrel

Trump, meanwhile, says he expected the war to end “immediately after” the US midterm elections in November, alleging that Iran...

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US and Iran exchange attacks on oil tankers, warships as oil heads to $100

The US military said it destroyed five Iranian crude oil carriers after Iran’s Islamic Revolutionary Guard Corps (IRGC) launched ballistic...
  • Jordan intercepted most Iranian missiles targeting its territory, while Tehran claimed further strikes against American vessels and tankers in Hormuz.
  • Washington expanded pressure on Tehran with new airline sanctions as shipping disruptions threatened to deepen energy-market uncertainty across the region.

Houthi attacks on Saudi Arabian cities wounds dozens of civilians, including children

Major-General Turki al-Maliki, the spokesman for the Saudi-led coalition fighting in Yemen, said in a statement that the Houthi attacks...
  • Iran has threatened to impose further restrictions around the Gulf and the Strait of Hormuz in response to US economic sanctions.
  • Baghdad is seeking alternative oil routes, while Yemen’s war intensifies and Israel’s attacks in Lebanon add pressure across the region.

Tehran to announce new Hormuz shipping route in coming days

The announcement comes after Iran signed an agreement with Oman, as shipping traffic plunges, oil prices rise and regional governments...
  • The temporary corridor would be 11.3km wide, with its entry and part of its exit through Iranian territorial waters.
  • Hormuz traffic fell to a daily average of 10 commodity ships, while a Saudi tanker turned back Sunday.