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

Israeli shelling on UN shelter in Gaza kills nine Palestinians

Palestinian Territories - Tank shelling on a UN shelter on Wednesday killed nine people in Gaza's main southern city of...
  • "Two tank rounds hit building that shelters 800 people - reports now 9 dead and 75 injured," Thomas White, UNRWA's Gaza director, said on X.
  • Teams from UNRWA and the World Health Organization were trying to reach the shelter, which has been blocked for two days, White said.

Yemen-based Houthis fire missiles at ships in Red Sea, says US

Yemen's Iran-backed Houthi rebels fired three missiles at two merchant ships in the Red Sea in their latest attack in...
  • One missile missed its target and a US Navy destroyer shot down the other two, National Security Council spokesman John Kirby said.
  • The continuing Houthi action "means we're obviously still going to have to do what we have to do to protect that shipping," he said.

UAE MoD ink deals worth $517m in first two days of UMEX and SimTEX 2024

ABU DHABI, UAE - On the second day of the sixth edition of UMEX and SimTEX 2024, the accumulated value...
  • The second day of the event witnessed announcement of five deals signed by the Tawazun Council.
  • The total number of local contracts on the second day of UMEX and SimTEX 2024 reached five contracts.

NATO kicks off biggest military exercise since Cold War

The Western military alliance has said some 90,000 troops will take part in the months-long Steadfast Defender 24 exercise designed...
  • The exercise -- the biggest since the 1988 Reforger drill during the Cold War -- comes as NATO has overhauled its defenses since Russia launched its invasion of Ukraine in 2022
  • The alliance has dispatched thousands of troops to its eastern flank and drawn up most extensive plans since collapse of the Soviet Union to protect itself from a Russian attack

EU plans measures to protect sensitive technology from China

The European Union unveiled plans to strengthen the bloc's economic security including measures to protect sensitive technology from falling into...
  • The fallout from the war in Ukraine hit Europe particularly hard, forcing the bloc to find alternative energy sources.
  • Now, it wants to avoid a similar over-reliance on China, which dominates in green technology production and critical raw materials.

Israel destroys Palestinian home in occupied West Bank

Basil Shehadeh was arrested on suspicion of helping two other Palestinians carry out the deadly shooting at a petrol station...
  • "The family were evacuated from the three-storey building, then the second floor of the building was blown up," village council secretary Adel al-Amer told AFP
  • "This demolition followed the destruction of the residences belonging to other terrorists involved in the same attack," the army told AFP in a statement

Thousands trapped as Israeli troops surround hospitals in Khan Yunis

"Heavy fighting is reported in proximity to hospitals in Khan Yunis, including Al-Aqsa, Nasser and Al-Amal, with reports of Palestinians...
  • In Gaza City, people displaced by the war said they were stuck in a new conflict zone without provisions.
  • "They besieged us in the camp and brought us here, and even here, the shelling continued," Umm Dahud al-Kafarna, originally from Beit Hanun, told AFPTV.

QatarEnergy says Red Sea attacks ‘may impact’ gas shipments

The state-owned giant confirmed in a statement that "Qatar's LNG production continues uninterrupted, and our commitment to ensuring the reliable...
  • Earlier this month, Qatar's Prime Minister Sheikh Mohammed bin Abdulrahman Al Thani said LNG shipments would be affected, like other merchant shipping, by the Houthi strikes.
  • His intervention came amid reports of at least five LNG vessels operated by Qatar stopping en route to the Red Sea.

Two Tunisian teenage migrants die in shipping container

Last week, the national guard announced the disappearance at sea of about 40 Tunisians who left from Sfax province, on...
  • The two minors were part of a group of four young people trying to migrate irregularly, spending around eight hours in the cold container
  • The two surviving members of the group were hospitalized and are "in a stable condition", according to the director of civil protection for the Tunis region

Two dead in US strikes against Iran-backed armed groups in Iraq

The US strikes come against an already explosive regional backdrop, fueled by the war in Gaza between Washington's ally Israel...
  • The strikes came just days after US troops in western Iraq were targeted with ballistic missiles and rockets in an attack the Pentagon blamed on militants supported by Tehran
  • According to Iraqi sources, US strikes targeted Ketaeb Hizbollah in the Jurf al-Sakhr area south of the capital Baghdad, as well as in the Al-Qaim region on the border with Syria

India to US: 8 nations issue Middle East travel advisories amid Iran tensions

Several governments have urged their citizens to leave Iran immediately, while others are pulling non-essential embassy personnel from sensitive locations,...

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US envoy meets Israeli hostage families in Tel Aviv

US envoy Steve Witkoff on Saturday met the anguished families of Israeli hostages still held in Gaza, as fears for...

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...

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...

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Israeli writer Grossman denounces Gaza ‘genocide’

Rome, Italy -- Award-winning Israeli author David Grossman called his country's campaign in Gaza "genocide" and said he was using...
  • This came days after a major Israeli rights group also used the same term, amid growing global alarm over starvation in the besieged territory.
  • "This word is an avalanche: once you say it, it just gets bigger, like an avalanche. And it adds even more destruction and suffering," he said.

US promises Gaza food plan after envoy visit

The visit by Steve Witkoff came as a report from global advocacy group Human Rights Watch accused Israeli forces of...
  • The UN human rights office in the Palestinian territories said at least 1,373 people had been killed seeking aid in Gaza since May 27 -- 105 of them in the last two days of July.
  • "Most of these killings were committed by the Israeli military," the UN office said, breaking down the death toll into 859 killed near GHF food sites.

World economies reel from Trump’s tariffs

The tariffs are a demonstration of raw economic power that Trump sees putting US exporters in a stronger position while...
  • But the muscular approach has raised fears of inflation and other economic fallout in the world's biggest economy.
  • Stock markets in Hong Kong and London slumped as they digested the turmoil.