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 says truce extension with Hamas a possibility

The terms of the truce agreement pausing the fighting in the Gaza Strip say it can be extended beyond its...
  • Hamas has signaled its willingness to extend the truce, with reports that the group had informed mediators they were open to prolonging it by "two to four days".
  • An Egyptian security source said that there was disagreement between the two sides on the mechanism of the extension.

COP28 host UAE braces for rising heat risk, targets carbon neutrality

As global temperatures tick higher, with this year on course to be the hottest on record, the UAE is changing...
  • The UAE's scorching summers, when many flee for cooler climes and the streets empty, look set to worsen due to climate change, various studies show
  • The region's extreme heat and high humidity are a dangerous mix as in such conditions the human body struggles to cool itself by evaporating sweat on the skin

Palestinian family in Lebanon grieves for 12 dead Gaza relatives

Beirut, Lebanon -- From Lebanon, Palestinian Fatima al-Ashwah has been praying for relatives in Gaza, but received grim news that...
  • Earlier this month, Ashwah, 61, had expressed grave fear for the safety of about 70 extended family members in Gaza.
  • Israeli bombing killed around 12 of them days before a temporary truce between Israel and Hamas.

EDB commits US$350m for renewable energy projects in developing countries

ABU DHABI, UAE - Emirates Development Bank (EDB) has committed US$350 million (AED 1.3 billion) to support the Energy Transition Accelerator...
  • The ETAF platform is a global climate finance facility established by the International Renewable Energy Agency (IRENA).
  • The announcement was made during the signing of a collaborative partnership agreement between EDB and IRENA.

US police look into ‘hate crime’ after Palestinian students shot

The shooter, who is still on the loose, was described by police as "a white man with a handgun." The...
  • A police statement said two of the victims were in stable condition, and the third suffered "much more serious injuries"
  • Bernie Sanders, the independent Vermont senator, called the attack "shocking and deeply upsetting"

China FM to visit New York for UN talks on Israel-Hamas conflict

Beijing, China--China's top diplomat Wang Yi will visit New York this week to hold a United Nations Security Council meeting on...
  • China, according to its foreign ministry, will hold a high-level meeting on the Palestinian-Israeli issue on November 29
  • Beijing welcomed a truce between Israel-Hamas, which began Friday and led to dozens of hostages being freed

Tens of thousands of Moroccans in pro-Palestinian demo

The fledgling rapprochement between the North African country and Israel had made steady progress since 2020 when the two governments...
  • Journalist reported Sunday that demonstrators in Casablanca waved Palestinian flags and demanded that Rabat suspend ties with Israel
  • Pro-Palestinian demonstrations had declined in recent years in Morocco, but have surged since the Gaza war broke out

Musk to meet Israeli president, hostage families

Musk, owner of X, formerly known as Twitter, has come under fire over what critics say is a proliferation of...
  • Herzog's office said the meeting would be joined by "representatives of families of hostages held by Hamas, who will speak about the horrors of October 7"
  • "In their meeting, the President Isaac Herzog will emphasize the need to act to combat rising antisemitism online," Herzog's office said.

Biden to miss COP28 climate summit: US official

Some 70,000 people including national leaders and Pope Francis are expected at COP28 as it opens Thursday, in what could...
  • A US official confirmed that Biden was not planning to attend COP28 this week or during a second window close
  • The official said the Biden administration was still discussing whether to send a top-level official to Dubai

Biden, Netanyahu, Hamas positive on possible extension of truce in Gaza

The pause that began Friday has seen dozens of hostages freed, with over 100 Palestinian civilians released by Israel in...
  • Netanyahu said that he had discussed the release of another group of hostages from the Gaza Strip with the US President
  • Hamas also said it was willing to extend the pause after it freed more hostages, including a four-year-old orphaned by its attack

Israel’s Mossad tells Iranian protesters ‘we are with you’

Israel's Mossad spy agency issued a direct call urging Iranians to press on with protests, saying it was supporting them...

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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...

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...

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Oil prices seesaw as investors await Iran response to US strikes

US stocks edged higher while European markets retreated and Asian equities were mixed, with markets keeping a close eye on...
  • They later dipped briefly into the red and then wobbled, standing down around one percent as European markets closed.
  • Iran is the world's ninth-biggest oil-producing country, exporting just under half of the 3.3 million barrels it produces per day.

Netanyahu says returning Gaza hostages will take ‘a bit more time’

Israeli Prime Minister Benjamin Netanyahu on Sunday insisted gains in the conflict against Iran would help with the country's war...
  • "Our successes in Iran are contributing to the successes in Gaza, but it will still take a bit more time," added the Israeli premier
  • They were constantly acting on several fronts, he added, "...but we are getting closer, step by step, to our objectives, Netanyahu said

Iran threatens US bases in response to strikes on nuclear sites

Iran on Sunday threatened US bases in the Middle East after massive air strikes that Washington said had destroyed Tehran's...
  • International concern focused on fears that the unprecedented US attacks would deepen conflict in the volatile region after Israel launched a bombing campaign against Iran
  • Netanyahu meanwhile said his country's military strikes will "finish" once the objectives of destroying Iran's nuclear and missile capabilities are achieved