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

Norway’s Oslo city hall hoists Palestinian flag

Oslo, Norway - Oslo's city hall on Wednesday raised the Palestinian flag in a show of solidarity with the people of...
  • The initiative coincides with the International Day of Solidarity with the Palestinian People, celebrated since 1978 following the adoption of a resolution by the UN.
  • Queried by AFP, the Israeli embassy in Norway said it had "no issue" with this gesture of solidarity towards the Palestinians.

Turkish President Erdogan calls Israeli Prime Minister Netanyahu ‘butcher of Gaza’

Ankara, Turkey - Turkish President Recep Tayyip Erdogan on Wednesday branded Israeli Prime Minister Benjamin Netanyahu "the butcher of Gaza" and...
  • "Netanyahu has already written his name in history as the butcher of Gaza," Erdogan said in nationally televised remarks
  • He is endangering the security of Jews globally "by supporting anti-Semitism with the murders he committed in Gaza," he added

Saudi Arabia’s PIF to buy 10 percent stake in London’s Heathrow airport  

Saudi Arabia's sovereign wealth fund is to buy 10 percent of London's Heathrow airport from Spanish infrastructure giant Ferrovial, whose...
  • Heathrow, which is one of the world's busiest airports, is owned by the consortium FGP Topco Limited.
  • Ferrovial bought its stake in Heathrow in 2006 and initially held 56 percent of the hub, before reducing its interest.

Sweden says Turkey promised NATO approval ‘within weeks’

NATO's other 29 allies, outside of Turkey and Hungary, had hoped to formally welcome Sweden into the alliance at the...
  • Turkey and Hungary are the only NATO members yet to ratify Sweden's bid, more than 18 months after it applied for membership
  • Turkish parliament this month started to debate Sweden's application to join after Erdogan launched the process following a deal at a NATO summit in July

US military Osprey with 8 crew crashes off Japan

Tokyo, Japan--A US Osprey military aircraft with eight crew on board crashed on Wednesday off a Japanese island, the coastguard said,...
  • The coastguard said one unconscious person had been found at the scene and transported to a nearby port
  • The Osprey, developed by Bell Helicopters and Boeing, has suffered a string of fatal crashes over the years

UNGA resolution calls upon Israel to withdraw from the occupied Golan Heights

United Nations - The UN General Assembly adopted a resolution calling upon Israel to withdraw from the occupied Golan Heights,...
  • A total of 91 countries voted in favor of the document, including Russia, Brazil, India, China and Saudi Arabia
  • Eight countries, including the United States and the United Kingdom, voted against. 62 countries abstained

G7 calls on Houthis to stop threats to shipping

On November 19, Huthis seized Israeli-linked cargo vessel the Galaxy Leader and its 25 international crew at the entrance to...
  • Huthis have launched a series of drone and missile strikes targeting Israel since Hamas fighters poured over the border into Israel on October 7
  • Gaza's Hamas government says that almost 15,000 people, mostly civilians, have been killed in Israel's retaliatory ground and air operation

12 more Gaza hostages freed as mediators seek lasting truce

So far, 60 Israeli hostages have been freed from Gaza under the terms of the deal, with a Russian-Israeli, 20...
  • The final 24 hours of the extended agreement begins later Wednesday, with one more exchange of hostages for civilians expected
  • On Tuesday, Hamas and Israel traded accusations of truce violations, but Qatar's Ansari said the "minimal breaches" did not "harm the essence of the agreement."

US, Israel intel chiefs in Qatar to explore ‘next phase’ of Gaza truce

The leaders of the US Central Intelligence Agency and Israel's Mossad were scheduled to meet Qatari Prime Minister Mohammed bin...
  • "The director of the CIA and the director of the Israeli National Intelligence Agency are in Doha to meet with the Qatari prime minister," a source told AFP
  • Qatar has been engaged in intense negotiations, with support from Egypt and the United States, to further extend the truce in Gaza

Mass displacement of civilians should not take place in southern Gaza, says US

WASHINGTON, US -  US President Joe Biden has warned Israel that its expected offensive in southern Gaza must avoid the kind...
  • Israel has said it will continue its war on Hamas after an ongoing temporary truce expires.
  • US has strongly backed ally Israel but it has increasingly warned that too many Palestinians are being killed.

Leftist Mamdani takes over as New York mayor under Trump shadow

Zohran Mamdani, the young upstart of the US left, was sworn in Thursday to take over as New York mayor...

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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...

Oil slides, stocks rise as Iran-Israel ceasefire holds

The main international and US oil contracts briefly bounced off their lows as Israel and Iran accused each other of...

Iran says not seeking nuclear weapons but will assert ‘legitimate rights’

As a fragile ceasefire with Israel took hold after 12 days of fighting that also included US strikes, Pezeshkian told...

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NATO summit seeks to keep Trump happy – and alliance united

From meeting his spending demand to limiting the participation of Ukraine's President Volodymyr Zelensky, everything is being done to try...
  • The overriding focus of the gathering - which kicks off with dinner hosted by the Dutch king - has been on keeping Trump happy after his return to power
  • From meeting his spending demand to limiting the participation of Ukraine's President Zelensky, everything is being done to avoid chances of confrontation with volatile leader

‘Unidentified’ drone hits Baghdad base: Iraq security officials

An "unidentified" drone struck a military base in Baghdad early Tuesday while another fell in the west of the capital,...
  • The first attack hit a radar system at the Taji base, causing only material damage, a security source told AFP.
  • The strikes come hours after Iran launched missiles at a US military facility in Qatar in retaliation for the American bombing

Trump announces phased ceasefire to end conflict, Iran offers to halt strikes if Israel stops

The adversaries had been swapping missile fire since Israel carried out surprise "preemptive" strikes against Iran on June 13, targeting...
  • Trump had said the ceasefire would be a phased 24-hour process beginning at around 0400 GMT Tuesday, with Iran halting all operations. Israel would follow suit 12 hour later
  • Abbas Araghchi suggested that Iran had already halted its operation at 4am Tehran time (0030 GMT) -- and wanted a simultaneous end in attacks from Israel as well