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

Tunisia records low turnout in vote for new chamber

More than 260 prominent Tunisian figures had signed a petition against what they called a "useless" election, saying Saied's government...
  • Just 11.66 percent of the nine million strong electorate turned out on Sunday for the vote to choose more than 2,000 councilors from around 7,000 candidates
  • The electoral authority is scheduled to give preliminary results on December 27. A second round is scheduled for February, with no set date as of now

Gaza war exacting ‘heavy price’ on Israel army: Netanyahu

Israeli prime minister said that in spite of the high toll in Gaza, the country had no choice but to...
  • Netanyahu said the war will go on until Hamas is eliminated and "we restore security"
  • The army said 14 soldiers had been killed in the Palestinian territory since Friday

Saudi Arabia, UAE lead MENA’s smart city development

In 2023, the region advanced in smart city initiatives, with Saudi Arabia and the UAE leading the transformation, with Frost...
  • In 2023, the region advanced in smart city initiatives, with Saudi Arabia and the UAE leading the transformation, with Frost & Sullivan projected $50bn investment by 2025.
  • Saudi Arabia, leading with Riyadh, targets 17 cities for smart development, while the UAE's Masdar City, Oman's Sultan Haitham, and Qatar's Lusail City follow suit.

FTA issues guide to determine natural persons subject to corporate tax

ABU DHABI, UAE - The Federal Tax Authority (FTA) has issued a new guide outlining the criteria to determine natural...
  • The guide provides a comprehensive and simplified explanation and instructions for natural persons earning in the UAE.
  • The FTA emphasized the importance of understanding the comprehensive content and definitions outlined in the guide.

Sheikh Hamdan approves $41m worth bonus for civilian employees of Dubai govt entities

DUBAI  UAE -  Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince and Chairman of The Executive Council of...
  • The bonuses will be granted to eligible civilian employees based on the criteria set by the DGHR.
  • The Dubai Government remains committed to acknowledging excellence and holds in high regard those who make significant contributions

136 UN employees killed in Gaza War, says UN chief   

NEW YORK, US - UN Secretary-General Antonio Guterres said on Sunday that 136 United Nations employees in Gaza Strip had...
  • The UN chief said that the Israeli military offensive was creating 'massive obstacles' to the distribution of humanitarian aid inside Gaza.
  • The United Nations Security Council had adopted a resolution calling for boosting humanitarian assistance for Gaza Strip.

Israeli forces detain 4,695 Palestinians in West Bank since Oct 7

The Palestinian Prisoners Society (PPS) and the Detainees and Ex-Detainees Affairs Authority say the tally includes the Palestinians detained at...
  • The statement said Israeli forces continue to carry out widespread acts of abuse, brutal assaults, on-field interrogations, and threats against detainees and their families.
  • Since Oct 7, West Bank Palestinians have witnessed growing settler violence and the displacement of small herding villages on land coveted by Israel.

SFD-financed Arkiz Agricultural Project in Mauritania inaugurated

Dubai, UAE -- The Arkiz Agricultural Project in Mauritania, which has been financed by the Saudi Fund for Development (SFD)...
  • The project will improve the efficiency of Mauritania's water, irrigation and drainage facilities, while delivering agricultural equipment and potable water to farmers.
  • Since 1979, the fund has contributed toward 20 development projects in Mauritania, at a value of over $665 million.

Biden presses Netanyahu on protecting civilians in Gaza

The conversation came a day after the UN Security Council passed a resolution demanding "safe and unhindered delivery of humanitarian...
  • Biden told reporters earlier in the day that he had a "long talk" with Netanyahu
  • The two leaders discussed the "objectives and phasing" of Israel's military campaign

Turkey targets ‘terrorists’ in Iraq and Syria after 12 soldiers killed

Ankara has operated several dozen military posts in the area for the past 25 years in its decades-old war against...
  • Defense ministry said "29 targets, including caves, bunkers, shelters, oil installations and warehouses, were destroyed" during the operation carried out at 10 pm BN
  • Syrian Observatory for Human Rights reported strikes on Saturday evening against two oil sites in northeast Syria, near the Turkish border

Iran vows fast trials over protests after Trump threatened “very strong action”

Iran on Wednesday vowed fast-track trials for people arrested over a massive wave of protests, after US President Donald Trump...

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Israel PM wants Hamas to give up arms for lasting end to war in Gaza

Netanyahu said the Islamist militants must first give up their weapons and their hold on the Palestinian territory, warning that...

Rebooted and ‘vulnerable’: Superman is back on screens

Paris, France - A rebooted Superman is flying into cinemas around the world this week, with critics mostly positive about...

European Union says Israel has agreed to ‘expand’ Gaza aid access

"This deal means more crossings open, aid and food trucks entering Gaza, repair of vital infrastructure and protection of aid...

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Israeli army says intercepted missile launched from Yemen

The Israeli army said early Thursday it had intercepted a missile launched from Yemen, days after carrying out strikes on...
  • "Following the sirens that sounded a short while ago in several areas in Israel, a missile that was launched from Yemen was intercepted," the army wrote on social media platform X
  • The Huthis said Monday that they boarded and sank another vessel, the Magic Seas, because its owner had done business with Israel and used its ports

Hamas agrees partial hostage release in ‘difficult’ truce talks after Qatar-brokered indirect talks

The group's statement came after four days of indirect talks brokered by Qatar and as the United States signalled its...
  • group's statement came after four days of indirect talks brokered by Qatar and as the US signalled its belief that agreement for a 60-day truce would be struck this week
  • US special envoy Steve Witkoff said part of the deal would be the return of 10 living hostages held by militants since Hamas's October 7, 2023 attack, which sparked the war

Iran nuclear programme ‘very delayed’ by strikes: French intel chief

Iran's nuclear programme has been "very, very delayed" by US and Israeli strikes, France's foreign intelligence chief said on Tuesday,...
  • US President Donald Trump has insisted that Iran's key nuclear facilities were "obliterated" in last month's air strikes, angrily bashing assessments to the contrary
  • Asked how much the strikes had delayed Iran's nuclear programme, Nicolas Lerner, head of the DGSE French spy agency, said: "Undeniably various months, certainly."