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

War affects Christmas festivities in southern Lebanon

Qlayaa, Lebanon - In the Lebanese Christian border village of Qlayaa, the priest urged his parish to keep the Christmas spirit...
  • Despite the violence, the church has put up lights, a life-sized manger and is planning recitals and activities for the community's children.
  • Residents along the border are used to "difficult times", said father Antonios Farah, "but we have decided... we will celebrate Christmas as usual".

UN expresses ‘alarm’ at spreading violence in Sudan

The Council in a joint statement denounced attacks on civilians and the spread of the violence "into areas hosting large...
  • The UN called on the warring parties to allow for safe and unhindered humanitarian access
  • It said apart from the 7m internally displaced another 1.5m had fled into neighboring countries

Ukraine says it shot down three Russian Su-34 fighters

Air force commander Mykola Oleshchuk said the Su-34 jets were downed around noon on Friday. In his announcement he noted...
  • In his nightly address on Friday, President Volodymyr Zelensky thanked the soldiers who shot down the Russian fighters in the Kherson region
  • The Kremlin has not commented on the Ukrainian claims but Russian war blogger Fighterbomber said there had been losses, likely due to the Patriot missile air-defence system

Saudi defense minister hosted by UK counterpart at Lancaster House in London

Riyadh, Saudi Arabia — UK's Secretary of State for Defense Grant Shapps welcomed Saudi Arabia's Minister of Defense Prince Khalid bin...
  • Upon Prince Khalid bin Salman's arrival, a formal reception ceremony was held, featuring a review of the guard of honor
  • The two sides discussed strengthening the strategic partnership between the UK and Saudi Arabia

UK terms UN resolution on Gaza as ‘good news’

UK Foreign Secretary David Cameron termed it good news that that the UN has come together to "back a resolution...
  • Cameron said that the resolution also calls for steps towards a sustainable ceasefire
  • Russia and the United States abstained, meaning it passed with 13 votes in favor

UNSC approves aid resolution as Gaza crisis mounts

As fighting between Israel and Hamas intensifies, the UN Security Council has passed a resolution to enhance aid to Gaza,...
  • As fighting between Israel and Hamas intensifies, the UN Security Council has passed a resolution to enhance aid to Gaza, where civilians face severe hardships.
  • Escalating conflict between Israel and Hamas in Gaza has led to over 410 deaths in 48 hours and intense urban warfare, triggering a severe humanitarian crisis.

UN resolution urges more aid for Gaza as death toll rises

Fighting between Israel and Hamas in Gaza raged as the UN Security Council approved a much-delayed resolution to boost aid...
  • The resolution also urged the creation of "conditions for a sustainable cessation of hostilities" but did not call for an immediate end to fighting.
  • It came after the UN's World Food Program warned that Gaza's population is at a "high risk of famine".

UN says Gaza on cusp of famine due to Hamas-Israel war

The Israel-Hamas war is pushing Gaza towards famine, the United Nations warned ahead of an expected Security Council vote on...
  • The entire population of Gaza faces "an imminent risk of famine", according to a UN-backed global hunger monitoring system.
  • With homes destroyed, they are living in crowded shelters and struggling to find food, fuel, water and medical supplies

Lebanon to adopt UN border resolution if Israel complies

Lebanon is ready to implement a UN resolution that would help end Hizbollah's cross-border attacks on Israel if Israel also...
  • The solution to the current cross-border hostilities "is the implementation of international resolutions", including Resolution 1701, Lebanese PM said.
  • The Lebanese PM was referring to territory claimed by Lebanon that remains occupied following Israel's withdrawal from the country's south in 2000.

More than 20 countries join coalition to protect Red Sea shipping

The Iran-backed Houthis have repeatedly targeted vessels in the vital shipping lane with strikes they say are in support of...
  • Pentagon spokesman said the Houthis are "attacking the economic wellbeing and prosperity of nations around the world," effectively becoming "bandits along the international highway
  • Coalition forces will serve as a highway patrol of sorts, patrolling Red Sea and the Gulf of Aden to respond to commercial vessels that are transiting this international waterway

Starlink services disrupted in Iran amid expanding protests and broader measures affecting internet access

Widespread jamming of the Starlink satellite internet service used by some Iranian opposition members is a likely first in peacetime but...

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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,...

Trump holds fresh talks with Netanyahu to end Gaza ‘tragedy’

Donald Trump and Benjamin Netanyahu met for the second time in 24 hours Tuesday as the US president intensified the...

Iran FM holds talks with Saudi Crown Prince after Tehran’s ceasefire with Israel

Saudi Prince Mohammed bin Salman said his country hoped the truce would contribute to regional stability, and emphasised Riyadh's position...

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Trump says ‘no extensions’ to Aug 1 tariff deadline

While Trump imposed a sweeping 10 percent tariff on goods from almost all trading partners in April, higher rates customized...
  • On Monday night, Trump had told reporters at a dinner that the August 1 deadline was "firm, but not 100 percent firm."
  • Pressed on whether the letters were his final offer, Trump replied: "I would say final -- but if they call with a different offer, and I like it, then we'll do it."

AI needs to be smaller, reduce energy footprint: UNESCO study

Paris, France -- The potential of artificial intelligence is immense -- but its equally vast energy consumption needs curbing, with...
  • OpenAI CEO Sam Altman recently said that each request sent to ChatGPT consumes on average 0.34 Wh of electricity, which is 10-70 times a Google search.
  • UNESCO calculated that AI energy demand is doubling every 100 days as generative AI tools become embedded in everyday life.

Five IDF soldiers killed, 14 injured in roadside bombing in Northern Gaza

Five Israeli soldiers were killed and 14 others injured late Monday night when a roadside bomb exploded during an ongoing...
  • The incident occurred around 10 p.m. as infantry soldiers on foot patrol were hit by an explosive device planted along a road
  • The attack took place during an operation led by the Gaza Division’s Northern Brigade and the 646th Reserve Paratroopers Brigade