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

UAE receives first batch of patients from Gaza to undergo medical treatment

Dubai, UAE-- At least 15 patients from Gaza arrived in the UAE to receive medical treatment in the UAE's hospitals....
  • The initiative is part of the UAE government's resolve to provide medical treatment for 1,000 children from the Gaza Strip who are in urgent need of medical care
  • The UAE has sent dozens of planes with 1,400 tonnes of food, medical, and relief supplies, to support endeavors aiming at providing relief in the Gaza Strip

Sudan asks UN to ‘immediately’ end political mission

The UN chief was informed about the decision by the country's ambassador to the UN, saying Sudan was terminating the...
  • Sudan, however, said it would continue to work "constructively" with the UN
  • More than 10,000 people have died in the civil war, which started on April 15

Bahrain and Thailand seek to boost economic cooperation

Manama, Bahrain-- Bahrain and Thailand have held discussions to enhance economic cooperation in a meeting between top officials of the...
  • The two officials took a review of the progress made in the political and economic cooperation between the two kingdoms
  • They underscored the resolve of the two countries to consolidate security and peace, and also support sustainable development goals

First fuel consignment enters Gaza as Israel bows to pressure

As UN warns of an increasingly desperate situation for 2.4m Palestinians and pleaded for a ceasefire, the first delivery of...
  • Israel enforced a siege on the territory, allowing just a trickle of aid in from Egypt
  • More than half of Gaza's hospitals are no longer functional due to combat, damage or shortages

Palestinian issue has only two-state solution: Erdogan

Ahead of his trip to Germany, Erdogan ramped up his verbal attacks against Israel, calling it a "terror state" and...
  • Erdogan was speaking about the recognition of the sovereignty of the states of Israel and Palestine, with the latter having East Jerusalem as its capital
  • Erdogan is on a highly controversial visit to staunch Israel defender Germany, made more tricky by his recent accusations directed at Israel

US chip curbs disturb Chinese firms AI projects

Shanghai, China - US restrictions on advanced computer chips are forcing China's tech giants to rethink their ambitious AI-powered projects, analysts...
  • E-commerce titan Alibaba on Thursday became the latest Chinese firm to admit to feeling the bite of US sanctions
  • The curbs now target cloud computing to prevent Chinese companies from accessing powerful AI chips hosted elsewhere

Germany, Turkey leaders hold divergent views on Israel-Hamas war

BERLIN, GERMANY - Germany and Turkey's leaders traded barbs on Friday over Israel's war on Hamas, with Frank-Walter Steinmeier stressing the...
  • Turkey’s President Erdogan is on a controversial visit to staunch Israel defender Germany, made more tricky by his accusations directed at Tel Aviv.
  • Erdogan has been increasingly critical of Israel's war against Hamas, triggered by the group's attack that Israel said killed around 1,200 people.

Blinken calls on Israel to stop settler violence in West Bank: Report

Israeli settler violence has increased significantly since the outbreak of the ongoing Israeli genocide campaign in Gaza, rising from an...
  • Blinken said there is urgent need for affirmative steps to de-escalate tensions in West Bank, which includes curbing settler violence
  • Blinken’s comments came as Israeli occupation forces carried out raids in the occupied West Bank and continued its raids of several of Gaza’s major hospitals

Gaza faces shortage of flour due to Israel-Hamas war

KHAN YUNIS, PALESTINIAN TERRITORIES - One of the last grain warehouses in the Gaza Strip has been damaged by Israeli strikes...
  • Of the five flour mills in the densely populated Palestinian territory, at least two have been hit since the war began on October 7.
  • Humanitarian aid arriving via Egypt has done little to remedy the shortages, made worse by power cuts and a lack of fuel for generators.

24 die at Gaza hospital due to power outages caused by Israeli siege

The announcement came shortly after Israel agreed to a US request to allow two fuel trucks a day into Gaza,...
  • The UNRWA earlier said its aid trucks were unable to enter Gaza from Egypt for a second straight day due to the lack of fuel and a near-total communications blackout.
  • More than half of Gaza's hospitals are no longer functional, and Israel's raid on Al-Shifa left extensive damage to the radiology, burns and dialysis units.

Zelensky to meet Trump in Florida on Sunday for talks on how to end the Russian invasion

Ukrainian President Volodymyr Zelensky is to meet US President Donald Trump in Florida on Sunday for talks on how to...

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Almost 3,000 Australians seek to flee Israel-Iran conflict

Australia has started evacuating almost 3,000 citizens caught up in the rapidly spiralling conflict between Israel and Iran, Foreign Minister...

Syrians watch Iran-Israel crossfire as government stays silent

For days, Syrians have watched as Iranian missiles and Israeli interceptors light up the skies over their territory, but the...

Trump weighs involvement as Israel launches fresh strikes on Iran

The White House said Trump would receive an intelligence briefing on Thursday, a US holiday and top US diplomat Marco...

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Gulf states on Iran’s doorstep scramble for end of war

Doha, Qatar -- As Iran and Israel trade strikes and the US weighs joining in, wealthy Gulf states on the...
  • Peace and stability have been central to the rise of Gulf powers including Qatar, Saudi Arabia and the UAE, who are pivoting their economies towards business and tourism.
  • Hoping to avert the crisis, Saudi Arabia has been talking to Iran and the United States since "day one", Ali Shihabi, an analyst close to the royal court.

MENA Brief | June 18: Oil calms after Trump’s threat rattles markets; UAE-Iran calls, Riyadh Air signs big Rolls-Royce deal

Oil prices steadied Wednesday after Trump’s demand for Iran’s ‘unconditional surrender’ roiled markets and revived supply fears, as regional diplomacy...
  • Oil surged over 4% Tuesday amid fears of US strikes on Iran after Trump’s comments but stabilised slightly Wednesday
  • Analysts warn Iran could block the vital shipping lane if tensions escalate further; US refuelling jets reportedly en route to the region

Oil stabilises after surge, stocks drop as Middle East crisis fuels jitters

Of particular concern is the possibility of Iran shutting off the Strait of Hormuz, through which around an estimated fifth...
  • Iran and Israel exchanged missiles for a sixth day, with the US president's latest comments appearing to dent hopes that the crisis in the Middle East could be calmed
  • Of particular concern is the possibility of Iran shutting off the Strait of Hormuz, through which an fifth of global oil supply traverses, according to the Commerzbank note