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

US and UK target Houthi radar, missile capabilities

US President Joe Biden termed the the US and British strikes a "defensive action" after the Red Sea attacks, and...
  • Houthis said their forces will continue targeting Israel-linked ships in the Red Sea
  • A Houthi spokesman said Western air strikes on Yemen killed five people and wounded six

Gaza devastated and ‘largely depopulated’ as war nears 100 days

GAZA, PALESTINIAN TERRITORIES - Bombed-out neighborhoods, mass graves dug in the sand, spreading hunger and disease -- as the bloodiest...
  • Many thousands of strikes have rained down on the long-blockaded and densely populated Mediterranean coastal strip
  • Much of northern Gaza has been reduced to a dusty wasteland and largely depopulated as Israeli troops have launched ground invasion

McIlroy surges into two-shot lead at Dubai Invitational

DUBAI, UAE -  Rory McIlroy kicked off his year with a sparkling nine-under-par 62 to take a two-stroke lead after the...
  • The world number two is playing his first event since the DP World Tour Championship last November.
  • McIlroy made headlines earlier this week when he claimed a "world tour" was his "dream scenario" for golf.

NEOM announces Aquellum as futuristic lifestyle community

NEOM, SAUDI ARABIA - The Board of Directors of NEOM has announced Aquellum, a luxury and experiential space embedded within...
  • Aquellum is hidden within a breathtaking 450-meter-high mountain range.
  • The subterranean digitalized community creates vibrancy and interconnectivity.

Israel bombs Gaza as Blinken says no regional escalation

As Blinken wrapped up a whistlestop tour of the region, the International Court of Justice (ICJ) heard arguments in a...
  • In Cairo, Blinken met with Egyptian President Abdel Fattah al-Sisi, a key mediator in efforts to end the war sparked by Hamas's October 7 attacks on Israel.
  • Blinken outlined a possible post-war future for Gaza on Wednesday after meeting Palestinian president Mahmud Abbas.

Saudi Arabia signs MoUs with four countries for development in mining industry

RIYADH, SAUDI ARABIA – The Ministry of Industry and Mineral Resources has signed four Memorandums of Understanding (MoUs) with the...
  • The roundtable highlighted the need for governments and industry to achieve economic and social development for local communities.
  • A total of 79 governments, 13 international organizations, 15 NGOs and seven business associations took part in the roundtable.

Iran’s navy seizes oil tanker off Oman in dispute with US

The announcement came hours after a British-navy maritime security agency said armed men boarded the Greek-owned, Marshall Islands-flagged St Nikolas...
  • Iran has responded with tit-for-tat measures in the past after seizures of Iranian oil shipments. US sanctions target Iranian oil sales in a bid to reduce Iran's energy exports.
  • The Islamic republic has been under crippling US sanctions reimposed following Washington's 2018 withdrawal from a landmark nuclear deal.

South Africa accuses Israel of genocide at top UN court

A world away from the death and destruction in Gaza and Israel, robed lawyers battled it out over technical legal...
  • South Africa has lodged an urgent appeal at the International Court of Justice (ICJ) to force Israel to "immediately suspend" its military operations in Gaza
  • Top lawyer for South Africa Adila Hassim said Israel's bombing campaign aimed at the "destruction of Palestinian life" and had pushed Palestinians "to the brink of famine"

EU court’s adviser says $2.6bn fine on Google be upheld

Google suffered a legal blow at the European Court of Justice when the body's adviser recommended that a US$2.6 billion...
  • The opinion will feed into a legal battle Google has been waging to overturn the fine the European Commission hit it with in 2017.
  • The commission determined that Google abused its dominant position by favoring its own Google Shopping service.

Israel army claims two journalists slain in Gaza strike were ‘terror operatives’

Israeli army said Mustafa Thuria was identified in a document found by troops in Gaza to be a member of...
  • Hamza Wael Dahdouh and Mustafa Thuria, who also worked as a video stringer for AFP and other news organizations, were killed on Sunday
  • The Israeli army said that both the deceased journalist were members of Gaza-based fighters organizations actively involved in attacks against IDF

Iran says US talks in Oman a ‘good beginning’ as fears of military confrontation grow

The discussions took place in Muscat, with the US delegation led by special envoy Steve Witkoff and the Iranian side...

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Israel recalls Gaza negotiators after Hamas responds to ceasefire plan

Mediators have been shuttling between Israeli and Hamas delegations in Qatar for more than two weeks, but the indirect talks have...

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...

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...

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Saudi investors’ delegation arrives in Syria, aims to invest billions

Riyadh, Saudi Arabia -- A Saudi delegation of over 100 investors arrived in Damascus on Wednesday ahead of a conference...
  • The country's investment minister, Khalid Al-Falih, was leading the delegation, which included 120 investors, aiming to ink agreements worth 15 billion riyals ($4 billion).
  • Earlier this year, Saudi Arabia and Qatar pledged to settle Syria's debt to the World Bank totaling about $15 million.

Trump admin unveils AI strategy to maintain US dominance

The 25-page "America's AI Action Plan" outlines three aims: accelerating innovation, building infrastructure, and leading internationally on AI. Overall, the...
  • According to US media reports, Trump was also to announce a series of executive orders to give key components of the plan additional legal weight.
  • AI "challenges America to build vastly greater energy generation than we have today," the plan said.

More than 100 NGOs warn ‘mass starvation’ spreading across Gaza

The UN said on Tuesday that Israeli forces had killed more than 1,000 Palestinians trying to get food aid since...
  • Israel is facing mounting international pressure over the catastrophic humanitarian situation in the Palestinian territory
  • More than two million people face severe shortages of food and other essentials after 21 months of Israeli invasion