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

UN wants $4.2 billion for Ukraine’s humanitarian aid in 2024

"Remember Ukraine?" UN aid chief Martin Griffiths asked as he launched the plan in Geneva. "Please do not forget Ukraine...
  • Russia's war in Ukraine is set to enter its third year in February and the UN said it was vital to maintain support to millions affected by war
  • The UN hopes to reach 8.5 million people within Ukraine and 2.3 million refugees and their host communities in eastern Europe

Saudi Arabia unveils 45,000-seat multi-use stadium in Qiddiya City

RIYADH, SAUDI ARABIA - The Board of Directors of the Qiddiya Investment Company (QIC) announced on Monday the launch of...
  • Upon opening, the stadium is anticipated to host some of Saudi Arabia’s biggest sports, entertainment, and cultural events.
  • It aims to draw visitors from across the globe and revolutionize the traditional stadium experience with its immersive design.

IMF chief at Davos: AI holds risks, opportunity for global economy

Artificial intelligence poses risks to job security around the world but also offers a "tremendous opportunity" to boost flagging productivity...
  • "We must focus on helping low-income countries in particular to move faster to be able to catch the opportunities that artificial intelligence will present," Georgieva told AFP.
  • Georgieva said 2024 is likely to be "a very tough year" for fiscal policy worldwide, as countries look to tackle debt burdens accumulated during the Covid-19 pandemic.

Saudi Arabia, China ink MoU in accounting and auditing

RIYADH, SAUDI ARABIA – The Kingdom and the People’s Republic of China signed on Monday in Beijing a memorandum of...
  • The MoU is similar to other agreements that GCA has reached with counterpart organizations in different countries.
  • These agreements underscore GCA's elevated professional standing, at both regional and international levels.

Record demand for Dubai luxury homes despite rising prices

Dubai, UAE - Dubai saw record-breaking sale prices throughout 2023, with super-luxury residences selling for up to US$4,000 (AED14,692) per...
  • High-net-worth buyers have been flocking from continental European countries like the U.K., France, and Germany to relocate to Dubai
  • In 2023, average residential prices in Dubai rose 16.9% in the first two quarters, according to CBRE’s UAE Real Estate Market Review

World’s five richest men doubled their fortunes since 2020: Oxfam

A report from the charity, published as the global elite hobnob at the World Economic Forum in Davos this week,...
  • Billionaires are today $3.3 trillion richer than they were in 2020, despite many crises devastating the world's economy since this decade began, including the Covid pandemic.
  • With riches among the world's wealthiest increasing the way they are, Oxfam predicted that within a decade the world will see its first "trillionaire".

Israeli forces kill five Palestinians in West Bank

Violence has surged in the West Bank since October 7, when the Palestinian armed group Hamas launched an attack in...
  • Troops chased a car that had run a checkpoint near the city of Hebron and "fired toward the terrorists and neutralized them", the Israeli army
  • Palestinian health ministry in Ramallah confirmed the men were killed, while the Palestinian Red Crescent Society said it had received their bodies

Fresh Israeli bombardment across Gaza kills dozens

Gaza's health ministry said that more than 60 people were killed and dozens wounded in "intense" strikes and artillery fire...
  • The latest strikes hit Khan Yunis and Rafah and areas around Gaza City
  • The UN says fighting has displaced roughly 85% of the territory's population

China says ‘firmly opposed’ to all official US-Taiwan exchanges

"China has always firmly opposed any form of official exchanges between the United States and Taiwan, and resolutely rebutted the...
  • China regards democratic Taiwan as part of its territory and has vowed to one day bring it under its control, by force if necessary
  • It does not keep diplomatic relations with countries that formally recognize Taiwan as an independent state

US downs missile fired from Yemen at American warship

The Houthis have said they are acting in solidarity with the besieged Gaza Strip, where Hamas fighters have been battling...
  • Houthi media said US and British strikes had hit rebel-held Hodeida
  • According to CENTCOM, the Houthi missile was shot down by US fighter aircraft

Israeli strikes kill 12 Palestinians in Gaza amid measures to ‘annex’ more West Bank land

Palestinian officials described the Israeli parliament's decision related to West Bank land as a “serious escalation,” while armed groups and...

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Paris demands ‘explanation’ from airline over removal of Jewish teens

Paris, France - France's foreign minister has called the CEO of Spanish airline Vueling to demand an "explanation" after dozens...

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...

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...

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Gaza civil defence says Israeli forces kill 28 people

Gaza's civil defence agency said Israeli military operations killed at least 23 people on Friday across the Palestinian territory, with...
  • Civil defence spokesman Mahmud Bassal told AFP that five people were killed in a strike on Gaza City that hit a school building sheltering Palestinians displaced by the war
  • Bassal said five others were killed when an Israeli strike hit a tent used by displaced Palestinians also in Gaza City, in the territory's north

Hamas accuses US mediators of reneging on Gaza talks positions

"The negative statements of the US envoy Witkoff run completely counter to the context in which the last negotiations were...
  • Indirect negotiations between Israel and Hamas for a ceasefire have reached an impasse, more than two weeks after they began.
  • Naim accused Witkoff of backtracking, saying the US envoy had considered the discussions "positive" only a few days ago.

UK starts online checks to stop children accessing harmful content

London, United Kingdom -- New UK age verification measures to prevent children accessing harmful online content came into force on...
  • Around 6,000 pornography sites have agreed to implement the curbs, according to Melanie Dawes, chief executive of British regulator Ofcom.
  • Around 500,000 youngsters aged eight to 14 encountered pornography online last month, according to Ofcom.