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

Is 2030 the finish line for the Gulf Railway Project?

The Gulf Railway aiming for completion by 2030, will link GCC nations with a comprehensive rail network, marking a new...
  • The Gulf Railway aiming for completion by 2030, is set to link GCC nations with a comprehensive rail network, marking a new era in regional transportation and economic integration.
  • Saudi Arabia's railway expansion, an integral part of the Gulf Railway Project, boosts GCC connectivity and trade, with parallel progress in the UAE, Qatar, Oman, and Kuwait.

No science that oil phase-out will fix climate: COP28 chief

Sultan Al Jaber -- who also heads state oil giant ADNOC -- made the comments during a testy exchange with...
  • Jaber has repeated that phasing out hydrocarbons is inevitable, but that it cannot happen before viable alternatives are in place -- and that developed nations must lead the way.
  • Specifying a "phase-out" or "phase-down" of fossil fuels is one of the main battles facing negotiators at COP28, where they will try to reach new a pact on fighting global warming.

ICC pledges to intensify war crime investigations in Israel and Gaza

ICC Chief Prosecutor Karim Khan has vowed to ramp up efforts in investigating war crimes in the Israeli-Palestinian conflict, highlighting...
  • ICC stresses the need for adherence to international humanitarian law despite conflict complexities.
  • Both Hamas and Israel face the possibility of war crime charges, according to legal experts.

Pope deplores end to Gaza truce, urges new ceasefire

"There is so much suffering in Gaza," the pontiff said in comments from his private residence, which were read by...
  • In the comments, Francis said the end of the ceasefire meant "death, destruction, misery", stressing that the besieged Palestinian territory lacked even essential supplies.
  • He said the situation in Israel and the occupied Palestinian territories was "serious". "Many hostages have been freed but so many others are still in Gaza," he said.

MENA region can create 10m jobs by 2050 via climate action, says ILO

DUBAI, UAE - International Labor Organization (ILO) Deputy Regional Director for the Arab States Peter Rademaker has confirmed that the...
  • The trend towards renewable energy has helped to create 13.7 million jobs in the sector worldwide.
  • The ILO is participating in COP28 to ensure that climate change efforts include to monitor the impact on jobs.

Freed Israeli hostages speak out for remaining captives’ release

The hostages, most of whom were freed during a seven-day truce between Israel and Hamas, spoke in a video broadcast...
  • The freed hostages urged the government to take all action necessary to secure the remaining captives' release
  • Israeli army spokesman Daniel Hagari said Saturday that 137 Israelis and foreign nationals remained captive in the Gaza Strip

World Bank offers to host Lost and Damage Fund: Official

Dubai, UAE -- "World Bank has offered to host the Lost and Damage Fund, so we'll work very closely with...
  • Axel van Trotsenburg, Senior Managing Director, said, "“COP28 started with great announcements on the Loss and Damage Fund. I think it has been an extremely important decision."
  • "We need to be global. We need all countries to participate in this global challenge," he noted, adding, "We need to make sure that we can keep the 1.5 degrees."

Israel and Hamas trade strikes as Palestinian toll mounts

Smoke again clouded the sky over the north of the Palestinian territory, whose Hamas government said 240 people had been...
  • According to the UN, an estimated 1.7m people in Gaza have been displaced by eight weeks of war
  • Fadel Naim, chief doctor at Al-Ahli Arab hospital in Gaza, said his morgue had received 30 bodies on Saturday

US defense chief urges Israel to shield civilians to win in Gaza

Austin told the Reagan National Defense Forum that he had "learned a thing or two about urban warfare" while fighting...
  • Fighting between Israel and Hamas resumed the day before after a week-long truce
  • Israel's war on Gaza began after Hamas carried out a shock cross-border attack on October 7

US Commerce chief warns against China ‘threat’

Gina Raimondo unveiled a series of  restrictions on the export of advanced chips to China, including those used in the...
  • Gina Raimondo called Beijing "the biggest threat we've ever had" and stressed "China is not our friend
  • The world's top two economies are locked in a fierce commercial and geopolitical rivalry

Iran’s protests: What we know

Iran has been rocked this week by protests that started in Tehran and have spread to other cities, with at...

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UAE top court upholds life terms for 24 convicted in mass trial

Dubai, United Arab Emirates -- The UAE supreme court has jailed 24 people for life after upholding their convictions for...

Spain PM Sanchez says Gaza in ‘catastrophic situation of genocide’

Spanish Prime Minister Pedro Sanchez on Thursday said Gaza was in a "catastrophic situation of genocide" and urged the European...

WHO delivers its first medical aid to Gaza since March 2

The shipment of supplies, plasma and blood will be distributed among hospitals in the Palestinian territory in the coming days,...

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US hits back at accounts Iran moved enriched uranium before bombing

Trump, seeking credit for ordering military action and then quickly announcing a ceasefire between Israel and Iran, has lashed out...
  • Trump has lashed out angrily at media accounts of a classified report that doubted the extent of damage to Iranian nuclear sites
  • Vice President JD Vance, asked about the uranium on Sunday, had sounded less definitive and said the United States would discuss the issue with Iran

Israeli commandos operated in Iran during 12-day war: military

The war erupted on June 13 when Israel launched a surprise bombing campaign that it said aimed to stop Iran...
  • "We achieved full control over Iranian airspace and in every location where we chose to operate," chief of staff Eyal Zamir said in a televised address
  • "This was made possible thanks to, among other things, coordination and tactical deception carried out by our air force and ground commando units," he added

Hezbollah hails Iran’s ‘divine victory’ over Israel

Lebanese militant group Hezbollah on Wednesday hailed what it called its ally Iran's victory over Israel after 12 days of...
  • In a statement, Hezbollah offered its "most sincere congratulations" to the Islamic republic, praising its "glorious divine victory."
  • The victory, it said, was "manifested in the precise and painful strikes it launched" against Israel, as well as "the lightning response to the American aggression