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

In Davos, Chinese premier takes aim at trade ‘barriers’

Li's remarks came as the World Economic Forum's (WEF's) 54th annual conference is preoccupied with a slew of global risks,...
  • Li did not name any countries but Beijing has tussled with the United States and the European Union over trade in recent years, particularly on high-tech and clean energy.
  • US-China trade tensions soared under the presidency of Donald Trump and have continued under President Joe Biden.

Iraq recalls Iran envoy in rebuke to ally over deadly strikes

Iran's Revolutionary Guards said they had destroyed the "Zionist regime's spy headquarters in the Kurdistan region of Iraq." The strike...
  • Iraq challenged Iran's claim that the strikes targeted Israel's intelligence services in response to recent Israeli assassinations of Iranian and pro-Iranian commanders
  • Iran defended its missile strikes in Iraq and Syria, saying they were a "targeted operation" and "just punishment" against those who breach the Islamic republic's security

Intensive phase of war in south Gaza ‘will end soon’: Gallant

Israel had four divisions operating in Gaza before Monday's announced withdrawal, though it was unclear how many soldiers were involved...
  • The army had stepped up military operations in the Khan Yunis and Rafah in recent weeks
  • It said an entire division of soldiers had completed their withdrawal from Gaza on Monday

Iran Guards hit ‘terrorist’ targets in Iraq, Syria

The IRGC also hit targets in Syria with ballistic missiles, including the "gathering places of commanders and main elements related...
  • The attacks destroyed "a spy headquarters" and a "gathering of anti-Iranian terrorist groups" in Arbil, the capital of Iraqi Kurdistan, IRGC said
  • Four people including prominent businessman Peshraw Dizayee were killed and six others wounded in the attack, according to Iraq's Kurdistan security council

Big win in Iowa moves Trump closer to Biden re-match

The extent of his victory demonstrated the 77-year-old's success in turning his prosecutions into a rallying cry that has galvanized...
  • The former president has led polling for more than a year, but the contest offered the clearest insight yet into his ability to convert that advantage into a White House return
  • Major US networks took just half an hour to call the race, with Trump taking 51 percent of the vote and opening an unprecedented 30-point gap over Ron DeSantis

Iran, India reach final agreement on Chabahar Port

Tehran, Iran – Iran and India on Monday finalized an agreement for the development of the strategic Chabahar port in...
  • Chabahar Port, Iran's sole oceanic port on the Gulf of Oman, holds strategic importance both strategically and economically
  • In May 2016, India, Iran, and Afghanistan signed a trilateral agreement for the Chabahar port, facilitating New Delhi's access to Kabul and Central Asia

Turkish strikes leaves hundreds of Syrian villages without electricity

Qamishli, Syria - Hundreds of northeast Syrian villages and towns have lost power after Turkish strikes pounded electricity stations and infrastructure,...
  • The Kurdish administration said Turkey launched a slew of strikes since Friday, mostly concentrated on infrastructure including power stations and oil refineries
  • The semi-autonomous Kurdish administration listed hundreds of villages and towns facing blackouts due to the Turkish strikes in a statement Monday

Iran asks US and Britain to ‘stop war against Yemen’

Tehran, Iran - Iran urged on Monday the United States and Britain to "stop the war against Yemen" following their recent...
  • "We warn America and Britain to stop the war against Yemen immediately," said Iran's Foreign Minister Hossein Amir-Abdollahian
  • The Houthis, who control large swathes of Yemen including the capital Sanaa since 2014, are part of a Tehran-aligned "axis of resistance" against Israel and its allies

EU worried Red Sea attacks could spark inflation

European Union economy commissioner Paolo Gentiloni warned that violence in the Red Sea sparked by Houthi attacks on shipping could...
  • Gentiloni said that "what is happening in the Red Sea... is not for the moment apparently creating consequences on energy prices and inflation".
  • Tensions in the Red Sea have soared after the United States and Britain carried out strikes on Houthi rebels in Yemen.

Gaza war deaths top 24,000 as UN chief calls for ceasefire again

Bringing food and supplies to the besieged population of Gaza, which is increasingly at risk of famine, also depends on...
  • In a statement released with the video, Hamas said "the Zionist army's bombing" was responsible for the death of two male hostages.
  • King Abdullah II of neighboring Jordan warns that continuing Israeli attacks could cause the conflict to expand across the region.

Battle of the Tech Hubs

The GCC is competing to build world-class technology hubs, investing heavily in AI, infrastructure, and sovereign capital to drive digital...

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Humanoid robots embodiment of China’s AI ambitions

Shanghai, China -- Serving craft beer, playing mahjong, stacking shelves and boxing, the dozens of humanoid robots at Shanghai's World...

Israel declares Gaza fighting pause amid deepening hunger crisis

Israel imposed a total blockade on Gaza on March 2 after ceasefire talks broke down. In late May, it began...

Urgent need for ‘global approach’ on AI regulation: UN tech chief

Geneva, Switzerland -- The world urgently needs to find a global approach on regulating artificial intelligence, the United Nations' top...

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UNRWA chief says Gaza aid airdrops will not stop ‘starvation’, solve food shortages

The humanitarian situation in the Palestinian territory has gravely deteriorated in recent days, with international NGOs warning of soaring malnutrition...
  • "Airdrops will not reverse the deepening starvation. They are expensive, inefficient & can even kill starving civilians," UNRWA chief Philippe Lazzarini wrote on X
  • An Israeli official told AFP on Friday that aid drops in Gaza would resume soon, adding they would be conducted by the United Arab Emirates and Jordan

Syria says meeting with Israeli officials sought to ‘contain escalation’

Syrian diplomatic source said Saturday that a US-mediated meeting with Israeli officials in Paris this week sought to "contain the...
  • Israel launched strikes this month on Damascus and Druze-majority Sweida province, saying it was acting in support of the religious minority
  • On Thursday, US special envoy for Syria Tom Barrack had said he held talks with unspecified Syrian and Israeli officials in Paris

Trump says Hamas ‘didn’t want’ Gaza ceasefire deal as talks break down

The US president argued that the Palestinian militant group was not ready to hand over the remaining captives in Gaza...
  • An Israeli official meanwhile told AFP air drops of aid would resume soon over the Gaza Strip, where aid groups warned of surging numbers of malnourished children
  • After US and Israeli negotiators quit indirect talks with Hamas in Qatar, Trump said that "it was was too bad. Hamas didn't really want to make a deal. I think they want to die."