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

Iran, US hold indirect nuclear talks in Geneva amid rising military tensions

Iran’s Foreign Ministry spokesperson Esmail Baghaei described the negotiations as “very intensive” and said there were “constructive proposals” concerning both...

UN says Israel army orders Gazans to leave shelter hit by tank fire

"The army called the UNRWA official through the loudspeaker, she went over to them next to the tanks, and they...
  • Twelve people were killed Wednesday when two tank shells struck the shelter, where thousands had taken refuge, UNRWA said.
  • The health ministry said Israeli forces on Thursday killed 20 people waiting for humanitarian aid to be distributed on the outskirts of Gaza City.

UAE plans to issue bonds, Sukuk valued at $1.3bn in Q1 2024, says official

HONG KONG - UAE Ministry of Finance Undersecretary Younis Haji Al Khoori announced that the ministry's issuance of bonds and...
  • The Islamic Treasury Sukuk launched in 2023 and valued at US$299 million experienced robust demand, with bids received worth US$2.2 billion.
  • The UAE is Hong Kong's largest trading partner in Middle East, with non-oil trade reaching $6 billion (AED22.2 billion) in the first half of 2022.

Israel far-right minister slams Qatar over Hamas attack

Finance Minister Bezalel Smotrich commented after Prime Minister Benjamin Netanyahu was caught on tape allegedly telling hostages' families this week...
  • Qatar is the "patron of Hamas and is largely responsible for the massacre committed by Hamas of Israeli citizens", Finance Minister Bezalel Smotrich said on X
  • Smotrich's remarks come as Biden's Middle East envoy was in the region for talks aimed at brokering a new deal to free the remaining captives in exchange for a pause in fighting

ECB to urge patience on rate cuts in battle against inflation

The central bank is tipped to leave rates unchanged for a third consecutive meeting, keeping the benchmark deposit rate at...
  • Frankfurt institute launched an unprecedented rate hiking cycle in mid-2022
  • ECB watchers will be more interested in president Christine Lagarde's press conference

Clean energy largest driver of Chinese GDP growth in 2023: report

China is the world's biggest emitter of greenhouse gases driving climate change, but it is also the top producer of...
  • Investment in "clean-energy" sectors accounted for 40 percent of China's GDP expansion last year, researchers at the Finland-based CREA said
  • The researchers examined investment in solar power, electric vehicles, energy efficiency, railways, energy storage, electricity grids, wind, nuclear and hydropower

Fighting focuses on Gaza’s Khan Yunis after deadly shelling hits UN shelter

The deadly incident came after the Israeli army said it had encircled the city, where footage released by the military...
  • Wednesday's attack on the UN shelter for displaced people saw the site hit by two tank rounds, killing nine and injuring 75, said Thomas White, the Gaza head of UNRWA
  • US condemned the attack, with State Department spokesman Vedant Patel saying "civilians must be protected and the protected nature of UN facilities must be respected

Bahrain and South Korea seek to bolster economic, parliamentary ties

Manama, Bahrain--Bahrain and South Korea have reviewed ways to enhance diplomatic, economic and parliamentary cooperation and partnership to benefit the...
  • The two sides looked to boost partnership in order to benefit the two countries and contribute to consolidating security, stability, economic growth in the MENA region
  • The South Korean official underscored the deep friendship between the two countries, noting the steady growth of bilateral ties at the political, economic, and parliamentary level

WEF24: Unified approach key to resolve challenges

Unified global solutions are crucial to tackle issues like climate change, AI norms, and economic fragmentation, Khalfan Belhoul of Dubai...
  • Unified global solutions are crucial to tackle issues like climate change, AI norms, and economic fragmentation, Khalfan Belhoul of Dubai Future Foundation tells TRENDS.
  • During interview, Belhoul emphasizes the role of technology as a unifying force and discusses the Foundation's plans for research, development, and international partnerships.

Qatar ‘appalled’ at alleged criticism by Netanyahu

Israeli prime minister accused Qatar of financing Hamas at a meeting this week with the families of hostages held in...
  • Qatar was one of the mediators of a truce deal in November that led to the release of 105 hostages
  • Its foreign ministry spokesman said his country was "appalled by the alleged remarks"

US to discuss troop withdrawal with Iraq soon: report

New York, United States - The United States will begin talks with Iraq on the withdrawal of US troops from...
  • The report said that Washington wants the troop schedule to reflect the current situation in Iraq and the stability of its government and law enforcement agencies
  • But the Iraqi leadership believes that the timeframe of the withdrawal should not be affected by any circumstances

Iran, US hold indirect nuclear talks in Geneva amid rising military tensions

Iran’s Foreign Ministry spokesperson Esmail Baghaei described the negotiations as “very intensive” and said there were “constructive proposals” concerning both...

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Dormant Russia volcano erupts for first time in 450 years

Moscow, Russia -- A volcano erupted for the first time in 450 years in Russia's eastern Kamchatka region, the nation's...

Israel intercepts Huthi missile fired from Yemen

The Israeli military said it intercepted a missile fired from Yemen on Friday, which the Iran-backed Huthi rebels said they...

Turkey starts supplying Azerbaijani gas to boost Syria’s power output

Istanbul, Turkey - Turkey on Saturday turned on a supply of natural gas from Azerbaijan to Syria, whose infrastructure was...

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Israel’s Druze organise aid for violence-hit Syria community

In the quiet Galilee village of Julis, Israeli Druze volunteers are busy collecting food donations and gathering information to support...
  • The colourful Druze flag hangs on a wall in a community centre alongside a sign in Hebrew that reads "Druze Community Emergency Room."
  • Sweida, a Druze-majority province in southern Syria, saw a week of deadly clashes last month, which a war monitor said killed more than 1,400 people

Iran rejects Western accusations of overseas plots as ‘baseless’

In a statement, Iranian foreign ministry spokesman Esmaeil Baqaei described the claims as "baseless", calling them "an attempt to divert...
  • In a statement, Iranian foreign ministry spokesman Esmaeil Baqaei described the claims as "baseless", calling them "an attempt to divert public attention from genocide in Gaza
  • The United States, Britain, France and Germany condemned in a joint statement on Thursday "the growing number of state threats from Iranian intelligence agencies."

Trump orders deployment of nuclear submarines in response to ‘provocative’ Russian comments

The United States and Russia control the vast majority of the world's nuclear weaponry, and Washington keeps nuclear-armed submarines on...
  • Trump did not say whether he meant nuclear-powered or nuclear-armed submarines, and he also did not elaborate on the locations, which are kept secret by the US military
  • Trump did not refer specifically to what Medvedev had said to prompt the highly unusual public display of nuclear saber-rattling