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

There is a high risk of famine in Gaza, says UN

ROME, ITALY - The population of Gaza, especially women and children, risk famine if humanitarian food supplies do not continue, the...
  • The World Food Program said that six days was "not enough to make any meaningful impact".
  • The World Food Program said that six days was "not enough to make any meaningful impact"

Dubai Future Forum calls for creation of global framework

DUBAI, UAE: Governments and the United Nations should create an internationally adopted framework specifically designed to help solve global challenges,...
  • The event examined the proliferation of AI and the future dynamics between humans and machines.
  • It also discussed as to how the people and societies can adapt to rapid technological advancements.

Riyadh comfortably outbids rivals to win World Expo 2030 bid

The date of 2030 is hugely symbolic for Saudi, coinciding with the key milestone in the Vision 2030 programme of...
  • Needing only one round of voting and securing the necessary two-thirds majority, Riyadh won 119 votes, South Korea's Busan 29 and Italian capital Rome 17.
  • Saudi Foreign Minister Prince Faisal bin Farhan in his final presentation pledged an "unwavering commitment to collaborate with all nations to deliver an Expo built by the world.

All 41 Indian workers trapped in tunnel for 17 days rescued

Silkyara Tunnel, India -- Indian workers were greeted with wild cheers and flower garlands Tuesday as rescuers safely brought out all...
  • With beaming smiles, the rescued men were welcomed as heroes after being hauled through 57 meters (187 feet) of steel pipe on stretchers specially fitted with wheels.
  • Prime Minister Narendra Modi told the workers in a statement that their "courage and patience is inspiring everyone".

It’s official: Saudi Arabia will host World Expo 2030

The Kingdom's selection as the host for World Expo 2030 marks a pivotal moment in its journey towards innovation, openness,...
  • The Kingdom's selection as the host for World Expo 2030 marks a pivotal moment in its journey towards innovation, openness, and global connectivity.
  • This monumental global event in Riyadh will showcase Saudi Arabia's transformation and commitment to a forward-looking and sustainable future.

It’s official: Saudi Arabia will host World Expo 2030

The Kingdom's selection as the host for World Expo 2030 marks a pivotal moment in its journey towards innovation, openness,...
  • The Kingdom's selection as the host for World Expo 2030 marks a pivotal moment in its journey towards innovation, openness, and global connectivity.
  • This monumental global event in Riyadh will showcase Saudi Arabia's transformation and commitment to a forward-looking and sustainable future.

Israeli president tells Musk he has ‘huge role’ in anti-Semitism fight

The meeting came after the world's richest person visited a kibbutz community devastated in attacks by Hamas fighters on October...
  • Earlier Monday, Netanyahu and Musk discussed "security aspects of artificial intelligence" with senior defense officials, the Prime Minister's Office said
  • Netanyahu told Musk he hoped to resume normalization talks with Saudi Arabia after Hamas's defeat and "expand the circle of peace beyond anything imaginable."

Israel reportedly pulls support for Saudi bid to host Expo 2030, to back Italy

Tel Aviv, Israel - Israel has reportedly withdrawn its support for Saudi Arabia’s bid to host the Expo 2030. The...
  • Israel had previously signaled its backing for Saudi Arabia as talks mediated by the US aimed at normalizing relations between the two nations gained momentum
  • Riyadh’s alignment with the broader Arab community in condemning Israel's military operation in Gaza sparked a rift, prompting Israel to reconsider its support

Eleven more Gaza hostages released as Israel-Hamas truce extended

Shortly after the arrival of the hostages was confirmed, Israel's prison authority said 33 Palestinian civilians had been released. The...
  • Hamas announced the agreement to prolong the truce by 48 hours shortly before it was due to end Tuesday
  • Qatar, with the US and Egypt has been engaged in intense negotiations to establish and prolong the truce in Gaza

Abu Dhabi’s EWEC opens Q4 2023 Clean Energy Certificates auction

ABU DHABI, UAE - Emirates Water and Electricity Company (EWEC) on Monday announced that it will conduct its Q4 2023...
  • CECs are the only accredited instruments in the Emirate that prove the environmental and economic benefits of consuming clean energy.
  • Issued in units of 1MWh, each CEC certifies that the electricity consumed by the entity originates from a clean energy source.

Yemen separatists say Saudi-backed forces to deploy in seized territories

A surprise STC offensive seizing resource-rich Hadramawt and Mahra has pushed the UAE and Saudi Arabia, officially allies in Yemen,...

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Pro-Palestinian protest leader details 104 days spent in US custody

Mahmoud Khalil, one of the most prominent leaders of pro-Palestinian protests on US campuses, recounted his experience surviving 104 days...

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...

‘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,...

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Iranian ballistic missiles target US base in Qatar, the largest in Middle East

No casualties reported in the attack that came a day after the US attacked three key nuclear facilities in Iran....

EU seeks Gaza progress after Israel found in breach of cooperation deal

Brussels, Belgium -- The EU said Monday that Israel must improve the humanitarian situation in Gaza or else face possible...
  • The European Union's top diplomat, Kaja Kallas, said the bloc hopes to use a review of the EU-Israel Association Agreement to pressure Israel to ease suffering in Gaza.
  • The bloc last month launched an audit of the EU-Israel deal, which forms the basis for trade ties, under one of its articles calling for respect of human rights.

Airlines suspend or reduce flights in Middle East after Iran strikes

British Airways cancelled flights between London's Heathrow Airport and Dubai and Doha on Sunday following the US strikes on Iran....
  • Germany's Lufthansa group, whose other airlines include Swiss, Austrian and ITA, has suspended flights to the Middle East until June 30.
  • Turkish airline Pegasus has scrapped flights to Iraq, Jordan and Lebanon until June 30, and Iran until July 30.