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

UNSC to meet on US-UK strikes against Houthi rebels

The UN Security Council will hold an emergency meeting over the strikes carried out by the United States and Britain...
  • Earlier the Security Council had adopted a resolution demanding the "immediate" halt to the Houthi's attacks.
  • The US, Britain and eight other nations referred to the Security Council resolution in a joint statement issued after the overnight strikes on Yemen.

Yemen’s Houthi rebels have built a significant arsenal  

DUBAI, UAE - Yemen's Houthi rebels, who vowed to retaliate against US and British strikes early on Friday against key military...
  • Iran-backed Houthis have carried out a spate of attacks in the Red Sea, claiming to be targeting ships with Israeli links.
  • The Houthis have been steadily developing their military capabilities since 2014, when they seized the Yemeni capital Sanaa.

Global crises, AI key focuses of World Economic Forum

The upcoming Davos summit is set to become a melting pot of discussions on critical global issues, including the conflicts...
  • The upcoming Davos summit is set to become a melting pot of discussions on critical global issues, including the conflicts in Gaza and Ukraine, and the rapid rise of AI.
  • With leaders like President Volodymyr Zelensky attending, the forum promises intense dialogues on geopolitical challenges and opportunities for rebuilding trust.

Saudi Arabia launches documentary Horizon on wildlife  

RIYADH, SAUDI ARABIA - Konoz, an initiative of the Ministry of Media's Center for Government Communication (CGC), has released a...
  • The documentary is currently being shown on the Netflix platform.
  • The film gives a look at the ecological diversity of the Kingdom,

India flexes maritime muscles by boosting Arabian Sea force

New Delhi, India - Dramatic drone footage showing Indian commandos hunting pirates after an attack in the Arabian Sea illustrates New...
  • Defense Minister Rajnath Singh -- speaking at the launch of India's latest own-built warship, vowed shipping would be protected "from the sea to the heights of the sky"
  • India was taking "very proactive action" to ensure pirates "don't venture out into the India Ocean region", Admiral Hari Kumar, chief of naval staff said

Israel ‘systematically’ blocking aid to north Gaza hospitals: UN

Andrea De Domenico, head of the UN aid agency OCHA's office in the occupied Palestinian territories, described how detailed coordination...
  • Lucia Elmi, special representative for the UN children's agency UNICEF in the Palestinian territories, also lamented that "we can't get sufficient aid in".
  • "Children in Gaza are running out of time, while most of the lifesaving humanitarian aid they desperately need remains stranded," said Elmi.

Oil prices rise after US, UK strike Houthi rebels

Oil prices surged four percent after US and UK forces launched strikes against Iran-backed Houthi rebels after attacks on ships...
  • Wall Street had ended flat on Thursday, while the dollar was closing the week with gains against the euro.
  • The Houthis have carried out a number of strikes on vessels in the Red Sea, a key international shipping route.

Turkey and Gulf nations condemn US, UK airstrikes on Yemen

"First of all, they are not proportional. All of these constitute disproportionate use of force," Erdogan told journalists after Friday...
  • Kuwait's Foreign Ministry expressed "great concern" about the strikes, echoing the view of Yemen's powerful neighbor Saudi Arabia
  • Oman condemned American and British strikes on targets in rebel-held Yemen on Friday, warning of the risk of escalating conflict in the region

CBUAE cancels license of First Insurance Brokers Company

ABU DHABI, UAE - The Central Bank of the UAE (CBUAE) has cancelled the license of First Insurance Brokers Company...
  • The sanction comes as a result of the CBUAE’s decision following the company’s non-compliance with the regulations.
  • The CBUAE works to ensure that all insurance companies and related professionals comply with laws and regulations.

China implores all sides to prevent Yemen conflict expanding

Beijing, China--China called Friday for all sides to prevent the Yemen conflict from expanding, after strikes by the United States and...
  • China's foreign ministry spokeswoman Mao Ning said Beijing is concerned about the escalation of tensions in the Red Sea
  • She called on "the relevant parties" to keep calm and exercise restraint in order to prevent the conflict from expanding

Iran signals potential dilution of highly enriched uranium if sanctions are lifted

Iran and the US resumed indirect nuclear talks on Monday in Muscat under Omani mediation, marking the first round of...

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Macron says France will recognise State of Palestine, angering Israel, US

At least 142 countries now recognise or plan to recognise Palestinian statehood, according to an AFP tally -- though Israel...

Iran defends ‘unshakable’ right to enrich uranium ahead of key talks

Iran on Thursday reaffirmed its right to enrich uranium, saying it was "unshakable", on the eve of key talks with...

International Court of Justice court paves way for climate reparations

The court said climate change was an "urgent and existential threat" and countries had a legal duty to prevent harm...

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Russia, Ukraine begin a fresh round of talks in Istanbul, Kremlin plays down breakthrough hopes

Ukraine said it hoped the two countries would discuss the release of prisoners and lay the ground for a meeting...
  • A source in the Ukrainian delegation said the heads of the two delegations held a preparatory meeting with Turkish Foreign Minister Hakan Fidan ahead of wider talks
  • The two sides previously met in the Turkish city in May and June, but managed to agree only on exchanges of prisoners and soldiers' bodies

India expulsions to Bangladesh unlawful, target Muslims: HRW

New Delhi, India - India has pushed hundreds of ethnic Bengali-speaking Muslims into Bangladesh without due process, Human Rights Watch...
  • The Hindu nationalist government of Prime Minister Narendra Modi has long taken a hardline stance on immigration -- particularly those from neighbouring Muslim-majority Bangladesh
  • HRW, a New York-based nonprofit, said India expelled more than 1,500 Muslim men, women, and children to Bangladesh between May 7 and June 15, quoting Bangladeshi authorities

Hamas confirms it responded to latest Gaza truce proposal

Hamas confirmed on Thursday that it has responded to an Israeli proposal for a 60-day ceasefire in Gaza, after more...
  • "Hamas has just submitted its response and that of the Palestinian factions to the ceasefire proposal to the mediators," the Palestinian militant group said in a statement
  • Negotiators from both sides have been holding indirect talks in Doha with mediators in an attempt to reach an agreement on a truce deal