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

Oil rises on fresh Middle East fears after attack on US base

"The news of three US troops being killed by a drone attack, and President Biden saying 'we shall respond', will...
  • The attack - which came two days after Yemen's Huthi rebels struck a vessel in the Red Sea - ramped up tensions in the region
  • Both main crude contracts rose more than one percent in early trade - hitting levels not seen since November - before paring the gains slightly

Dubai RTA awards US$95m contract to upgrade ticketing system   

DUBAI, UAE - Dubai’s Roads and Transport Authority (RTA) has awarded a contract to upgrade the existing nol (card-based ticketing...
  • The aim is upgrade the existing card-based ticketing system to an account based ticketing system, aligning with the top global practices.
  • It seeks to develop a flexible and 100 percent scalable digital infrastructure, ensuring 100 percent fintech integration in mobility solutions.

US, Egypt, Qatar and Israel officials in Paris talks for Gaza ceasefire

French authorities were also in touch with these four countries with the aim of negotiating a halt to hostilities between...
  • Negotiators were getting closer to an agreement under which Israel would suspend its war in Gaza for about two months in return for the release of more than 100 hostages.
  • Qatar is playing a key role in the latest talks after brokering a hostage release deal in November.

UN chief calls for continuity in aid as battle rages in Gaza

Heavy fighting raged in Gaza amid a row over the UN agency for Palestinian refugees that has called its future...
  • The Israeli army said special forces were continuing to engage in "intensive battles" in Gaza's main southern city of Khan Yunis.
  • UNRWA said it had fired several employees over Israel's accusations of its staff

Turkey earthquake survivors seek justice one year on

The disaster, which killed more than 50,000 people in all, was Turkey's deadliest in many centuries. President Recep Tayyip Erdogan...
  • More than 200 contractors and developers were arrested in the immediate aftermath of the quake, some tried to flee abroad and were detained at Istanbul airports
  • But lawyers representing victims' families fear that numerous contractors may escape blame because much of incriminating evidence disappeared when bulldozers cleared the debris

Trump stokes opposition to Biden border plan

With immigration one of the hottest electoral issues in what increasingly looks like a Trump-Biden rematch for the White House,...
  • Joe Biden threw his weight behind the proposed bill on Saturday
  • Donald Trump has instead continued to castigate Biden over "open borders"

Iran puts three satellites simultaneously into orbit

Western governments including the United States have repeatedly warned Iran against such launches, saying the same technology can be used...
  • The Mahda satellite, which weighs around 32 kilograms and was developed by Iran's Space Agency, is designed to test advanced satellite subsystems
  • The other two, Kayhan 2 and Hatef, weigh under 10 kilograms each and are aimed to test space-based positioning technology and narrowband communication

UN chief asks donors for ‘continuity’ in Gaza agency operations

The row between Israel and UNRWA follows the UN's ICJ ruling that Israel must prevent possible acts of genocide in...
  • UN agency has fired several staff over Israel's accusations
  • Several key donor countries have said they will temporarily suspend their funding

Israel to stop UN agency’s activities in Gaza after war

Israeli Foreign Minister Israel Katz called on UNRWA Commissioner-General to quit his post. Katz said in a statement that the...
  • UNRWA said Friday it had fired several employees over Israel's accusations
  • Donors including Germany, Britain and others suspended additional funding to the agency

Thousands march in Spain against Gaza ‘genocide’

Waving Palestinian flags and shouting slogans denouncing Israel, protestors expressed gratitude to South Africa for having brought the case against...
  • The ICJ in its ruling said Israel must prevent genocide in its war with Hamas
  • Many protestors carried banners calling for sanctions to be levied against Israel

Riyadh Emerges as Escape Hub for Super-Rich Fleeing UAE After Iran Strikes

With airspace across parts of the Middle East locked down and thousands of flights cancelled or delayed, King Khalid International...

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Gaza war deepens Israel’s divides, sets friends, families against one another

Hostage families and peace activists want Prime Minister Benjamin Netanyahu's government to secure a ceasefire with Hamas and free the...

Iran says US accountability for attacks on nuclear sites part of any future talks

Iran said Monday it would hold the United States accountable for attacks on its nuclear sites in any future negotiations,...

Netanyahu to brief army on Gaza war plan ahead of UN meet on hostages

His statement came after hundreds of retired Israeli security chiefs wrote to US President Donald Trump to urge him to...

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Iran sets up new defence council after war with Israel, to be chaired by president

The new body - which will be chaired by the president and include top military commanders among other senior officials...
  • The new body which will be chaired by the president and include top military commanders will be tasked with "reviewing defence strategy.'
  • The move comes in the wake of a conflict with Israel that, according to official figures, left more than 1,000 people dead in Iran and 29 in Israel

Israel says ground troops conducted raids in Syria in the latest border raid since Assad fall

Israel's military said Sunday ground troops had operated in southern Syria, seizing weapons and questioning individuals suspected of arms trafficking,...
  • A military statement said that troops had completed overnight "a mission involving on-site questioning of several suspects involved in weapons trafficking in southern Syria
  • In July, Israel bombed Syrian government forces in the capital Damascus and in Sweida province to force their withdrawal from the southern region amid a wave of sectarian violence

Tunisia’s Jaouadi pushes through pain for second world gold

Singapore, Singapore -- Tunisia's Ahmed Jaouadi added the 1,500m freestyle world title to his 800m crown on Sunday for a...
  • Jaouadi won a thriller to grab gold in 14min 34.41sec, ahead of Germany's Sven Schwarz (14:35.69) and the American world record holder Finke (14:36.60).
  • With three laps to go in the gruelling long-distance race, it was a three-way tussle between Jaouadi, Schwarz and Finke.