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

Chinese foreign minister to visit Egypt, Tunisia this week: ministry

Wang's overseas travel will coincide with another trip abroad by a top Chinese official, Premier Li Qiang, this week. Li...
  • Wang's visit to Egypt will follow that of US Secretary of State Antony Blinken, who is set to meet President Abdel Fattah al-Sisi in Cairo
  • China has historically been sympathetic to the Palestinian cause and supportive of a two-state solution to the Israeli-Palestinian conflict

WHO urges Israel to allow aid delivery in ‘indescribable’ Gaza

"Delivering humanitarian aid in Gaza continues to face nearly insurmountable challenges," WHO chief Tedros Adhanom Ghebreyesus told a press conference....
  • Ghebreyesus said that WHO teams have had to cancel six planned missions to northern Gaza since December 26 due to lack of assurances of safe passage.
  • "People are standing in line for hours for a small amount of water, which may not be clean, or bread, which alone is not sufficiently nutritious," he said.

Germany resumes arms exports to Saudi Arabia after 5 years

Berlin has loosened its stance on weapons exports to the kingdom recently, with the government praising Saudi Arabia's "constructive approach"...
  • Government spokesman Steffen Hebestreit confirmed a report that Berlin gave a green signal for the export of 150 Iris-T air-to-air missiles to Saudi Arabia.
  • The newly approved Iris-T missiles could "be fired from aircraft at airborne targets, that is to say missiles, drones and so on", he said.

India’s Russian oil imports fall to 11-month low as price cap rises

Indian refiners bought 1.45 million barrels per day of Russian oil last month, their lowest amount since last January and...
  • Since the invasion of Ukraine nearly two years ago, India has bought hundreds of millions of barrels of cut-price Russian crude, saving itself billions of dollars
  • But the price of Russian crude has risen in the face of OPEC+ production cuts and increased demand from China, analysts say, making it less attractive to Indian customers

Blinken tells Abbas US backs ‘tangible steps’ for Palestinian state

Blinken "underscored the United States' position that all Palestinian tax revenues collected by Israel should be consistently conveyed to the...
  • Palestinian statehood was anticipated following the Oslo Accords of the 1990s but talks have been moribund for years
  • As part of efforts to stabilize the territory, Blinken called on Israel to hand over revenues owed to the Palestinians in full

Palestinian journalist freed from Israeli custody abused: report

Footage of the men, including Kahlout, stripped down to their underwear, with some of them appearing to hand over weapons,...
  • Diaa al-Kahlout, who was among dozens of Palestinians shown detained by Israeli troops and stripped to their underwear in Gaza, had been released
  • Paris-based media watchdog RSF has said following his arrest the journalist was briefly held in Eshel prison in Israel and was subjected to torture

Jordan king to host Sisi, Abbas for Gaza talks: palace

King Abdullah, in a meeting Sunday with US Secretary of State Antony Blinken, called on the United States to press...
  • The meeting will be held in the Red Sea resort of Aqaba as part of "Jordan's efforts to coordinate Arab positions to push for an immediate ceasefire in Gaza"
  • The three leaders would also discuss on "the situation in the West Bank" as the region has witness deadly violence by Israeli forces and the settlers

International forces respond to drone reports in Red Sea: UK agency

The Houthi rebels say they are acting in support of Hamas, targeting Israel and Israeli-linked vessels to push for a...
  • The agency said the incident had taken place about 50 nautical miles west of Yemeni port
  • Houthis have launched more than 100 drone and missile attacks on targets in Israel and the Red Sea

UAE and Azerbaijan presidents pledge to boost ties

Baku, Azerbaijan-- The UAE and Azerbaijan have discussed ways to enhance cooperation in renewable energy, environmental protection, culture, education, and...
  • The two countries resolved to ramp up ties in economics, development, renewable energy, environmental protection, culture, education, and other areas
  • The meeting between the two presidents also addressed the upcoming UN Climate Change Conference (COP29) to be hosted by Azerbaijan this year

Hizbollah targets Israeli base in revenge attack

In a statement, Hizbollah said that it targeted the "enemy's northern command centre" in the Israeli city of Safed with...
  • Israel said that a "hostile aircraft" had crashed at one of its bases in the north
  • Violence has killed more than 185 people in Lebanon, including 140 Hizbollah fighters

US and Iran set for new nuclear talks in Istanbul to revive stalled diplomacy

Iran’s President Masoud Pezeshkian has announced that he has instructed diplomats to pursue negotiations with the United States, signalling a...

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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...

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...

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...

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Top Palestinian official meets US ambassador to Israel in Ramallah

Hussein al-Sheikh, vice-president of the Palestinian Liberation Organization (PLO), on Tuesday said he met the US ambassador to Israel, Mike...
  • Sheikh, a close aide to Palestinian president Mahmud Abbas and seen as a potential successor, said the meeting took place in his office
  • "Discussions were held regarding support for efforts to stop the war in the Gaza Strip, release the hostages and deliver urgent aid to the Palestinian people there," he wrote on X

91% of new renewable projects now cheaper than fossil fuels alternatives

Abu Dhabi, UAE --  Renewables maintain their cost leadership in global power markets, IRENA’s new report on Renewable Power Generation...
  • IRENA’s new report confirms renewables maintained their price advantage over fossil fuels, with cost declines driven by technological innovation.
  • In 2024, solar photovoltaics (PV) were, on average, 41 percent cheaper than the lowest-cost fossil fuel alternatives, while onshore wind projects were 53 percent cheaper.

Humans beat AI gold-level score at top maths contest

Sydney, Australia -- Humans beat generative AI models made by Google and OpenAI at a top international mathematics competition, despite...
  • Google and OpenAI models didn't score full marks -- unlike five young people at IMO, a prestigious annual competition where participants must be under 20.
  • Google said Monday that an advanced version of its Gemini chatbot had solved five out of the six maths problems set at the IMO, held in Australia's Queensland this month.