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

134 nations to put food, agriculture in national climate plans

"This declaration is the moment when food truly comes of age in the climate process, sending a powerful signal to...
  • A total of 134 countries who produce 70 percent of the food eaten worldwide signed the declaration, summit hosts the United Arab Emirates said
  • The 134 nations are home to 5.7 billion people and represent more than three quarters of all greenhouse gas emissions from the global food system

Dubai COP28: Record attendance marks largest ever UN climate summit

Among the host country's guests are Bill Gates and Antoine Arnault, the son of LVMH boss Bernard Arnault, the second...
  • Some 104,000 people, including technical and security staff, have access this year to the "blue zone" dedicated to the actual climate negotiations
  • That largely exceeds the previous record at last year's UN climate summit in Egypt, COP27, which had 49,000 accredited attendees

109 Palestinians killed in Israeli strikes amid calls for truce extension

Both the United Nations chief and the White House called for the break in fighting to be restored, and UN...
  • Despite the resumption of fighting, talks between Qatari and Egyptian mediators were "ongoing", a source briefed on the talks told AFP.
  • During the seven-day truce, Hamas freed 80 Israeli hostages in exchange for 240 Palestinians held in various Israeli jails, and more aid entered Gaza.

UAE President announces $30bn Global Climate Fund at COP28 meet

In a groundbreaking announcement at the World Climate Action Summit during the UN Climate Change Conference (COP28), UAE President Sheikh...
  • The fund, designed to address the critical gap in climate financing, aims to enable affordable access to climate finance.
  • The UAE President highlighted the global urgency of addressing climate change and its pervasive impacts on life.

Act now as climate crisis has reached critical point

"Renewable energy is key to our planet's future. It's time to phase out fossil fuels and embrace sustainable solutions. The...
  • Earth's vital signs are failing with record emissions and extreme weather events, signaling a climate emergency.
  • UN makes an urgent call for global leaders to prevent a planetary catastrophe by meeting Paris Agreement goals.

Act now as climate crisis has reached critical point

"Renewable energy is key to our planet's future. It's time to phase out fossil fuels and embrace sustainable solutions. The...
  • Earth's vital signs are failing with record emissions and extreme weather events, signaling a climate emergency.
  • UN makes an urgent call for global leaders to prevent a planetary catastrophe by meeting Paris Agreement goals.

COP28 puts spotlight on state oil giants

Western energy firms are the usual suspects when it comes to criticism about the sector's role in climate change, but...
  • National oil companies, or NOCs, "account for more than half of global production and close to 60 percent of the world's oil and gas reserves," the IEA said
  • NOCs and the oil majors - which include BP, Chevron, ExxonMobil, Shell and TotalEnergies - will all be "critical to efforts to achieve net zero" emissions by 2050

Israel resumes military operations in Gaza as truce expires

The resumption of fighting dashed hopes for an extension of a seven-day truce that had seen dozens of hostages freed...
  • "Hamas violated the operational pause, and in addition, fired toward Israeli territory," the Israeli military said
  • Inside Gaza, an AFP journalist said Israeli warplanes carried out a series of strikes, and reported artillery fire in Gaza City

Israel releases 30 Palestinian civilians in latest exchange

The truce agreement between Israel and Hamas stipulates that a minimum of 10 Israeli hostages should be released alive each...
  • The civilians -- including 23 minors and seven women -- were released hours after eight Israeli hostages were freed by Hamas
  • Since the truce came into force on November 24, the agreement has resulted in the freeing of 110 hostages, including 80 Israelis

Europe to splurge record $295bn on military in 2023, says official

Moscow's all-out invasion of Ukraine in 2022 provided Europe with a wake-up call that it needed to pump more into...
  • The European Defense Agency (EDA) said six countries had increased their spending by over 10 percent in 2022.
  • "Our armed forces must be ready for a much more demanding era," said EU foreign policy chief Josep Borrell.

Seven killed as Saudi coalition strikes UAE-backed forces in Yemen

Following the strikes, a military spokesman for the STC said it was in a "decisive and existential" war with Saudi-backed...

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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...

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...

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...

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China calls CIA videos ‘absurd’ attempt to recruit spies for America

China's Ministry of State Security (MSS) said the placement of what amounted to job advertisements on social media platform X...
  • China said the placement of what amounted to job advertisements on social media platform X was an "amateurish gambit" to convince people to spy for America
  • CIA director John Ratcliffe said that the videos posted last month -- which implored the sharing of state secrets -- were aimed at "recruiting Chinese officials to help the US".

US intel says Iran nuclear sites not destroyed, only set back by a few months

Trump rejected that claim on Tuesday, posting on his Truth Social account that “the nuclear sites in Iran are completely...
  • Trump rebuffed that claim on Tuesday, posting on his Truth Social account that "THE NUCLEAR SITES IN IRAN ARE COMPLETELY DESTROYED!"
  • White House Press Secretary Karoline Leavitt had previously confirmed the authenticity of the assessment but said it was "flat-out wrong".

Israel kills 46 Gazans waiting for aid as hostage families call for end to war

Civil defense spokesman Mahmud Bassal told AFP that 21 people were killed and around 150 wounded by Israeli fire near...
  • The territory of more than two million people is suffering from famine-like conditions after Israel blocked all supplies from early March to the end of May.
  • France condemned what it called deadly "Israeli fire" against civilians in a statement from the foreign ministry apparently referring to the Netzarim corridor incident.