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

Russia, Saudi say sovereign Palestine state vital for regional peace

RIYADH, SAUDI ARABIA – Russia and Saudi Arabia expressed concern on the present situation in Gaza and said that a...
  • The two sides discussed the developments in Palestine and expressed their deep concern about the humanitarian catastrophe in Gaza.
  • Russia and Saudi Arabia stressed on the need to stop military operations in the Palestinian territories, and the need to protect civilians.

West Bank, Jerusalem Palestinians go on strike over Gaza onslaught

Activists had called for a strike in solidarity with the besieged territory covering businesses, public workers and education. Many Palestinians...
  • He described the protest as part of a global effort to put pressure on Israel to stop the war, reporting strikes taking place in parts of Jordan and Lebanon.
  • In Lebanon, public institutions, banks, schools and universities closed after the government decided on a nationwide strike in solidarity with Gaza.

COP28 draft deal calls for ‘reducing’ fossil fuel production, consumption

The draft no longer mentioned a "phase-out". The text prepared under COP28 president Sultan Al Jaber, the head of the...
  • The document calls for reducing the consumption and production of fossil fuels in "a just, orderly and equitable manner so as to achieve net zero by, before, or around 2050".
  • A previous draft on Friday included the word "phase-out" which climate campaigners, low-lying island states and the European Union have been pushing for.

Israel hits targets near Damascus with air strikes

According to the Syrian Observatory for Human Rights, a Britain-based war monitor, the strikes had targeted "Hizbollah sites" in the...
  • A security official said that anti-aircraft defences shot down some missiles
  • Israel has launched hundreds of air strikes on Syria since civil war began in 2011

Mideast ministers met with Joly, Trudeau in Ottawa to discuss Israel-Hamas war

OTTAWA, CANADA  â€” A group of foreign ministers from the Palestinian Authority, Saudi Arabia and Turkey met Canadian Foreign Affairs...
  • The quietly planned meeting focused on ways countries could help efforts to secure peace for Palestinians and Israelis.
  • The group is not a joint peace project with Israel, and says its leaders aim to speak on behalf of Arab and Muslim people people.

Israel must be held accountable for its actions, says Palestinian PM

DOHA, QATAR - Prime Minister of Palestine Mohammad Shtayyeh called for holding Israel accountable, imposing sanctions and not allowing it...
  • The Palestinian PM denounced Washington’s use of veto against a UN draft resolution calling for a ceasefire in Gaza.
  • He said that there is an urgent need for a comprehensive political solution that would end the suffering of the Palestinians.

Saudis, Iraq stand firm as COP28 mulls phase-out of fossil fuels

With less than 48 hours left before the conference's official end, COP28 president Sultan Al Jaber invited ministers to give...
  • The European Union and members of Pacific islands states threatened by rising seas reiterated their calls for a phase-out of fossil fuels.
  • A Saudi official told the COP28 majlis that Riyadh's "perspectives and concerns" must be taken into account.

Russia’s Putin offers assistance in Gaza Strip de-escalation

MOSCOW, RUSSIA - Russian President Vladimir Putin has offered assistance in helping to deescalate the tense situation in the Gaza...
  • This offer was made during a telephonic conversation between Russian President Vladimir Putin and Israeli Prime Minister Benjamin Netanyahu.
  • The two leaders discussed continued cooperation regarding the evacuation of Russian nationals and family members from the region.

UN agency chief says Israel trying to force Gazans into Egypt

"The United Nations and several member states, including the US, have firmly rejected forcibly displacing Gazans out of the Gaza...
  • The widespread destruction in the Palestinian territory's north and the resulting displacements were "the first stage of such a scenario", he added
  • "If this path continues, leading to what many are already calling a second Nakba, Gaza will not be a land for Palestinians anymore," Lazzarini said.

Efforts ongoing to renew Israel-Hamas truce, says Qatar

DOHA, QATAR - Mediation efforts are continuing to secure a new Gaza ceasefire despite ongoing Israeli bombardment that is "narrowing the...
  • Qatar was a key mediator in negotiations that resulted in a seven-day truce, which saw scores of Israeli hostages exchanged for Palestinian civilians.
  • The United Nations Secretary-General had convened an emergency meeting of the UN Security Council after two months of fighting in Gaza.

US operation in Venezuela undermined international law: UN

"States must not threaten or use force against the territorial integrity or political independence of any state," Ravina Shamdasani, spokeswoman...

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Israel expands Gaza campaign ahead of Netanyahu’s US visit

The intensified operations came after days of mounting calls for a ceasefire, with US President Donald Trump -- whom Netanyahu...

Gaza mourns those killed in Israeli strike on seafront cafe

Once a bustling seafront spot where young people could hope for a rare respite from war, Gaza City's al-Baqa cafe...

Eight-country coalition aims to tax luxury air travel

Seville, Spain -- Countries including France, Kenya, Barbados and Spain on Monday launched a coalition to push for taxes on...

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Gaza rescuers say Israeli forces kill 48 as ceasefire calls mount

The swift resolution of Israel's 12-day war with Iran has revived hopes for a halt to the fighting in Gaza,...
  • The swift resolution of Israel's 12-day war with Iran has revived hopes for a halt to the fighting in Gaza, where over 20 months of combat have created dire humanitarian conditions
  • US President Trump has recently urged Israel to "make the deal in Gaza", while key mediator Qatar said that "momentum" had been created by the truce with Iran last week

Iran decries ‘destructive’ conduct by IAEA chief

"The action taken by parliament members... is a natural response to the unjustified, unconstructive, and destructive conduct of the Director...
  • On Wednesday, Iranian lawmakers voted in favor of a  bill to suspend cooperation with the IAEA, citing Israel's June 13 attack on the Islamic republic and later strikes by the US.
  • Iran has also criticized the watchdog for passing a resolution on June 12 accusing it of non-compliance with its nuclear obligations.

Iran-Israel war opens ‘new road’ for Mideast: US envoy to Turkey

The Iran-Israel war has opened the way to a "new road" for the Middle East in which Turkey will have...
  • "The Middle East is ready to have a new dialogue, people are tired of the same old story," he said, saying it was essential for decades-long enmities to be reframed
  • Barrack also said he believed there would be a ceasefire soon in the deadly Gaza war which would also speed up a shift in regional thinking