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

Nadia Calvino is now European Investment Bank head

BRUSSELS, BELGIUM - Margrethe Vestager is preparing to return to her day job as the European Union's competition chief after a...
  • After the EU selected Nadia Calvino, Margrethe Vestager, 55, said she would "resume" her duties at the European Commission, the Eu's executive arm.
  • Vestager's star has waned in recent years following a series of setbacks in EU courts against some of the world's biggest companies, including Apple.

Israel continues Gaza bombing as US blocks UN truce bid

Israel bombarded targets in Gaza after the United States blocked an extraordinary UN bid for a ceasefire in the war...
  • Iran, which backs Hamas, warned about the possible "uncontrollable explosion in the situation of the region" after the US move.
  • Many of the 1.9 million Gazans displaced by the war have headed south, turning Rafah near the Egyptian border into a vast camp.

Mahsa Amini’s family blocked from leaving Iran for EU rights prize

PARIS, FRANCE - The family of Mahsa Amini, the Iranian Kurdish woman who died in custody, have been banned from traveling...
  • Her family's lawyer in France, Chirinne Ardakani, said that Amini's parents and brother had been prohibited from boarding a flight.
  • She said the family had been banned from leaving Iran despite having a valid visa, and their passports had been confiscated.

Iran warns of ‘explosion’ after US veto on Gaza war

Tehran, Iran - Iran warned Saturday of the threat of an "uncontrollable explosion" of the situation in the Middle East, after...
  • On Friday, the United States vetoed a Security Council resolution that would have called for an immediate ceasefire in Gaza
  • Hossein Amir-Abdollahian, the top diplomat of the Islamic republic, also appealed for the immediate opening of the Rafah border crossing with Egypt

Iran foreign minister, Hamas chief discuss Gaza developments

Tehran, Iran - Iranian Foreign Minister Hossein Amir-Abdollahian held a phone conversation with Hamas chief Ismail Haniyeh on Friday night...
  • During the call, Amir-Abdollahian praised the invocation of Article 99 of the UN Charter by the United Nations Secretary-General Antonio Guterres
  • Iranian top diplomat told the Hamas chief that the crisis in Gaza had been a central feature of discussions between Iranian President and his Russian counterpart Putin

Three Lebanese soldiers wounded in Israeli attack

According to a medical source quoted by media, Israeli artillery fire targeted the " vicinity of a Lebanese army post...
  • Soldiers were seen lying on stretchers, exhibiting signs of breathing difficulties but with no open wounds
  • Violence on Israel-Lebanon border has killed at least 120 people in Lebanon, mostly Hizbollah fighters

US vetoes Security Council resolution calling for Gaza ceasefire

Guterres had convened an emergency meeting of the UN Security Council after weeks of fighting left more than 17,487 people...
  • Washington dashed a growing clamor for an immediate ceasefire that had been led by UN chief Antonio Guterres and Arab nations
  • American envoy Robert Wood said the resolution was "divorced from reality" and "would have not moved the needle forward on the ground."

COP28 president Sultan Jaber pushes for rapid fossil fuels draft deal

Climate campaigners have viewed Jaber with deep suspicion due to his position as the head of UAE national oil firm...
  • Despite disagreements over the future of fossil fuels, Jaber voiced optimism that the talks hosted by the oil-rich UAE can finish with a historic deal
  • A draft deal was released on Tuesday but negotiators failed to produce another text on Wednesday before heading into the break

Azerbaijan clears key hurdle to host UN climate summit in 2024

Dubai, UAE -- Petro-state Azerbaijan has cleared a key hurdle to host next year's UN climate summit despite the controversy over...
  • Bulgaria, which had also sought to host COP29 but was opposed by Russia, also formally ended its bid and backed Azerbaijan.
  • COP, or the Conference of the Parties under the UN climate body, takes place each year in a different region, with Asia choosing Dubai.

Arab world to be center for global change in 2024, says Russian intelligence chief

MOSCOW, RUSSIA - The chief of Russia’s foreign intelligence service, or SVR, believes the Arab world will take center stage...
  • The Russian official said that the change has manifested itself in strong, sovereign leaders coming to power in a number of Arab countries.
  • The rapid growth of anti-US and, more broadly, anti-Western sentiment in the region is one of the outcomes of this change, he said.

Netanyahu says Israel won’t let Iran restore ballistic missile programme

Prime Minister Benjamin Netanyahu said Monday that Israel would not allow arch-foe Iran to restore its ballistic missile programme, just...

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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...

Netanyahu eyes hostage breakthrough as Gaza families mourn victims

His comments lifted hope for a new ceasefire in the devastating conflict in the Palestinian territory, after US President Donald...

Iran voices ‘serious doubts’ over Israel commitment to ceasefire

"We have serious doubts over the enemy's compliance with its commitments including the ceasefire, we are ready to respond with...

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G7 to exempt US multinationals from global minimum tax

The deal will see US companies benefit from a "side-by-side" solution under which they will only be taxed at home,...
  • Nearly 140 countries struck a deal in 2021 to tax multinational companies, an agreement negotiated under the auspices of he Organization for Economic Co-operation and Development.
  • That agreement, deeply criticized by Trump, includes two "pillars," the second of which sets a minimum global tax rate of 15 percent.

Israeli forces kill 37 Gazans, including nine children, some of them waiting for food aid

Civil defense spokesman Mahmud Bassal said 35 people were killed in seven Israeli drone and air strikes in various locations,...
  • He said the dead included three children who were killed in an air strike on a home in Jabalia, in northern Gaza.
  • Bassal said at least six more children died in a neighborhood in the northeast of Gaza City, including some in an air strike near a school where displaced people were sheltering.

Morocco’s Atlantic gambit: linking restive Sahel to ocean

Dubai, UAE -- A planned trade corridor linking the landlocked Sahel to the Atlantic is at the heart of an...
  • The "Atlantic Initiative" promises ocean access to Mali, Burkina Faso and Niger through a new $1.3-billion port in the former Spanish colony.
  • The Moroccan initiative aims to "substantially transform the economy of these countries" and "the region", said King Mohammed VI when announcing it in late 2023.