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

Top global leaders to attend WEF meet amid Gaza, Ukraine war

Paris, France - US Secretary of State Antony Blinken, Israeli President Isaac Herzog and Middle East leaders will attend a World...
  • Blinken and US National Security Advisor Jake Sullivan will be among 2,800 participants at the forum, including more than 60 heads of state and government.
  • Argentina's libertarian new president, Javier Milei, French President Emmanuel Macron and Chinese Premier Li Qiang will also participate in the forum.

UAE economy likely to grow by 3.8 percent in 2025, says World Bank

WASHINGTON, US - The World Bank expected the UAE's real GDP to grow by 3.4 percent in 2023, rising to...
  • The World Bank forecast the growth in the Gulf Cooperation Council countries to rise to 3.6 percent in 2024 and 3.8 percent in 2025.
  • The report said that the growth rate in the Middle East and North Africa region slowed down sharply to 1.9 percent in 2023.

2023 hottest recorded year as Earth nears critical threshold

PARIS, FRANCE - The year of 2023 was the hottest on record, with the increase in Earth's surface temperature nearly crossing...
  • Climate change intensified heatwaves, droughts and wildfires and pushed the global thermometer 1.48 C in 2023 above the preindustrial benchmark.
  • Nearly half of 2023 exceeded the 1.5C limit, beyond which climate impacts are more likely to become self-reinforcing and catastrophic, said scientists.

Israel is starving Gaza residents, says NGO

RAMALLAH, PALESTINIAN TERRITORIES - Everyone in Gaza is going hungry and about 2.2 million people are surviving day by day...
  • The NGO said that Gaza Strip was already in the throes of a humanitarian crisis before the war, mainly due to Israel’s 17-year blockade.
  • Given this starting point, it is clear as to why the Gaza Strip plummeted into a full-blown catastrophe so quickly.

Blinken returns to Israel as Gaza death toll rises to 23, 210

The US secretary of state -- on his fourth Middle East tour since the war broke out -- was back...
  • Hamas leader Ismail Haniyeh called on Muslim states "to support the resistance with weapons, because this is... not the battle of the Palestinian people alone".
  • At least 23,210 people have been killed in the Palestinian territory due to relentless Israeli bombardment, 126 deaths in the past 24 hours alone.

GCC head and EU top diplomat review relations in Riyadh

Riyadh, Saudi Arabia--Jasem Mohamed Al Budaiwi, Secretary General of the Gulf Cooperation Council (GCC), and Josep Borrell, High Representative of...
  • The two discussed the latest developments in regional and international arenas, including the Israeli war on the Gaza Strip
  • Al Budaiwi noted the importance of collaboration and unity in efforts to halt the continuous Israeli attacks against Gaza

Blinken discusses Israel normalization in tented Saudi talks

US top diplomat Antony Blinken also said all the leaders on his tour, which took him to six countries before...
  • In just three days, Blinken has visited Turkey, Greece, Jordan, Qatar and the UAE on his fourth regional tour since the start of the Israel-Hamas conflict
  • He said there was "broad agreement" on security for Israel, united Palestinian leadership for the occupied West Bank and Gaza and an eventual independent Palestinian state

China’s ties with US ‘stabilized’ last year, says Wang Yi

In an attempt to lower recriminations in the relations between the two countries, President Joe Biden met Chinese counterpart Xi...
  • Wangi Yi said that China and US have restructured communication and dialogue
  • Both have also bickered over China's increasingly assertive policy in the South China Sea

Israel faces Gaza ‘genocide’ case at UN top court

South Africa wants the ICJ to impose "provisional measures", or emergency actions, while the broader case is being considered --...
  • In an 84-page submission to the International Court of Justice (ICJ), South Africa urged judges to order Israel to "immediately suspend its military operations" in Gaza
  • South Africa alleges that Israel "has engaged in, is engaging in, and risks further engaging in genocidal acts against the Palestinian people in Gaza".

Iran supports Baghdad pledge to expel US-led forces from Iraq

"We have repeatedly expressed our views to the authorities of the countries of the region, including Iraq, and declared that...
  • Iran is confident that its neighbor has "the ability, strength and authority necessary to maintain security" on its territory alone, Iranian official Kanani said
  • US and other coalition forces in Iraq, deployed since 2014 in the fight against the IS, have come under regular attack since Gaza war

The GCC must deploy its ‘strategic advantages’ to lead the transition

The models that once governed aid, CSR, employment, and economic engagement are shifting, and the GCC has an opportunity to...

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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...

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...

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...

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Gaza hospital says 21 children dead from malnutrition and starvation

Gaza's population of more than two million people is facing severe shortages of food and other essentials, with residents frequently...
  • Mohammed Abu Salmiya, the director of Al-Shifa Medical Complex in Gaza, said that new cases of malnutrition and starvation were arriving at functioning hospitals "every moment".
  • "We are heading towards alarming numbers of deaths due to the starvation inflicted on the people of Gaza," he added.

WHO says Gaza facilities attacked as Israel expands operations, calls for ceasefire

WHO chief Tedros Adhanom Ghebreyesus said the Israeli military had entered the UN agency's staff residence, forced women and children...
  • WHO chief Tedros Adhanom Ghebreyesus said the Israeli military had entered the UN agency's staff residence, stripped and interrogated male staff at gunpoint
  • Tedros, who also condemned an attack on the WHO's main warehouse in Deir el-Balah, said: "A ceasefire is not just necessary, it is overdue," he said on X.

US President Trump ‘caught off guard’ by Israeli strikes in Syria

US President Donald Trump was "caught off guard" by Israeli strikes in Syria last week, White House spokeswoman Karoline Leavitt...
  • Israel had launched strikes on the the southern Druze-majority city of Sweida, saying it aimed to put pressure on the Syrian government to withdraw its troops from the region
  • Trump "was caught off guard by the bombing in Syria and also the bombing of a Catholic church in Gaza," Leavitt told reporters at a press briefing