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

Israel’s goal to destroy Hamas risks decade of war: Macron

Speaking at a press conference on the sidelines of the UN's COP28 climate talks in Dubai, French President Emmanuel Macron...
  • Macron wondered if total destruction of Hamas was possible, and if it is, the war will last 10 years
  • He traveled to Doha on Saturday to meet with Qatar's Emir Tamim bin Hamad Al-Thani

Grim cycle of death at a hospital in Gaza

Khan Yunis, Palestinian Territories - A middle-aged man with a blank, shattered expression walked slowly down a ramp at the hospital,...
  • After the collapse of a week-long truce between Israel and Hamas, the Nasser hospital's morgue in Khan Yunis, southern Gaza, was full once again.
  • Families gathered for one last look at the dead, caressing their hair, touching their hands or kissing their faces, sometimes still stained with blood

US pledges $3bn to a global climate fund at COP28 meet

Developing countries least responsible for climate change are seeking support from richer polluting nations to adapt to the increasingly ferocious...
  • The amount, which must be approved by the US Congress, will go into the Green Climate Fund (GCF), which was created in 2010
  • The last US contribution to the fund for developing countries was made under then President Barack Obama, who committed $3 billion in 2014

Turkey’s Erdogan rejects US pressure to cut Hamas ties

Istanbul, Turkey - Turkish President Recep Tayyip Erdogan on Saturday pushed back against mounting US pressure to cut Ankara's historic ties...
  • Erdogan said that Washington was well aware that Turkey does not view Hamas as a terrorist organization
  • Hamas political leaders have used Istanbul as one of their foreign bases during Erdogan's two-decade rule

$656 million committed to Loss & Damage Fund so far

The fund will be housed in the World Bank for four years, a decision accepted by developing nations despite concerns...
  • The fund signifies a pivotal moment in climate diplomacy, reflecting a growing acknowledgment of the need for tangible support for those most vulnerable to climate change.
  • This initiative by the UAE and Germany at COP28 marks a new era of responsibility and cooperation among nations, setting a hopeful tone for the remainder of the conference.

UAE President attends Group of 77 and China meeting at COP28

DUBAI, UAE – At the UN Climate Change Conference (COP28) here, UAE President Sheikh Mohamed bin Zayed Al Nahyan attended...
  • The UAE President expressed the country's commitment to enhancing global cooperation to achieve the ambitious goals set for COP28.
  • These include accelerating the shift to a sustainable, low-carbon and economically robust model to deal with climate change.

UAE voted to Category-B membership in International Maritime Organization

LONDON, UK - The UAE has been re-elected to the Council of the International Maritime Organization (IMO) in the Category...
  • The UAE received the highest number of votes, following comprehensive efforts and an intensive election campaign leading up to the elections.
  • The country plays an active role in strengthening the national maritime sector and contributing to the growth of the global maritime industry.

UAE marks 52nd National Day with parades, shows

Across the country, the festivities will be characterized by performances of Emirati folk arts, cultural shows, police parades, display of...
  • Flags will adorn Dubai’s shopping malls, skyscrapers and beaches will be draped in hues of black, red, white and green for Union Day
  • The founder’s memorial, a permanent tribute to the late founding father Sheikh Zayed bin Sultan, will mark the country's 52nd Union Day

Israeli air strikes hit near Damascus: Syrian defence ministry

Israel has launched hundreds of air strikes on its northern neighbour since Syria's civil war began in 2011, primarily targeting Iran-backed...
  • Israel has launched hundreds of air strikes on its northern neighbour since Syria's civil war began in 2011 primarily targeting Iran-backed forces
  • Israeli air strikes on November 26 rendered Damascus airport inoperable just hours after flights resumed following a similar attack the month before

US readying to impose visa ban on violent Israeli settlers: Blinken

US Secretary of State Antony Blinken informed Israeli Prime Minister Benjamin Netanyahu when they met Thursday in Jerusalem that Washington...
  • The visa ban could be imposed as early as next week, he added, without disclosing the number of individuals who would be affected.
  • Violence has surged in the West Bank in tandem with a war that erupted between Israel and Hamas in the Gaza Strip nearly eight weeks ago

Yemen separatists announce two-year transition towards independence in south

Yemen's UAE-backed separatists on Friday announced the start of a two-year transitional period towards declaring an independent state after their...

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Iran strikes damage hard to assess under Israeli military censorship

Such regulations are nothing new in Israel, where any written or visual publication deemed potentially harmful to the loosely defined...

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...

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...

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Iran lawmakers back suspending cooperation with UN nuclear watchdog

Tehran, Iran -- Iranian lawmakers voted Wednesday in favor of suspending cooperation with the United Nations' atomic energy watchdog, state...
  • The decision still requires the approval of the Guardian Council, a body empowered to vet legislation.
  • Should it be ratified, Ghalibaf said "the Atomic Energy Organization of Iran will suspend its cooperation with the IAEA until the security of the nuclear facilities is guaranteed".

Trump sees ‘progress’ on Gaza, raising hopes for ceasefire

"I think great progress is being made on Gaza," Trump said, adding that his special envoy Steve Witkoff had told...
  • Key mediator Qatar announced Tuesday that it would launch a new push for a ceasefire, with Hamas on Wednesday saying talks had stepped up.
  • Gaza's civil defense agency, meanwhile, said Wednesday that Israeli fire killed another 35 people, including six who were waiting for aid.

What does NATO’s 5% spending deal really mean?

The Hague, Netherlands - NATO leaders are set to sign off Wednesday at their Hague summit on a defence spending...
  • Trump has insisted NATO countries hit the five-percent bar -- well beyond the current two percent baseline level currently required by the alliance
  • Only a handful of allies -- such as Poland and the Baltic states -- are coming close to five percent at the moment, with the United States itself under 3.4 percent in 2024