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

10,000 deaths raise specter of genocide in Gaza

Some world leaders like Turkey's President Erdogan use the term genocide to describe Israeli actions in Gaza. Israel has also...
  • The President of Turkey, Recep Tayyip Erdoğan, has used the term "genocide" to describe Israeli actions in Gaza.
  • Pronouncements of several Israeli politicians, who openly called for extermination of Palestinians, have added to the fears of a genocide in Gaza.

Russia calls for collective action to end fighting between Israel, Hamas

Russia called for "collective action" to end fighting between Israel and Hamas, including an international conference, almost a month into...
  • Russia maintains ties with both Hamas and Israel and has said it can mediate the conflict.
  • Russia supports calls for collective action to de-escalate the situation in the Middle East and that it was in favour of a “multilateral approach” in regulating the conflict.

Over 60% of employment lost in Gaza since start of current conflict

Beirut, Lebanon -- At least 61 per cent of employment, equivalent to 182,000 jobs, has been lost in the Gaza...
  • The total estimated 390,000 job losses in the two areas that comprise the Occupied Palestinian Territory translate into daily labor income losses of $16 million.
  • Gazans have long grappled with persistently high rates of poverty, vulnerability and one of the highest unemployment rates in the world, which stood at 46.4 per cent in Q2.

Saudi Arabia launches second phase of Visiting Investor Visa

RIYADH, SAUDI ARABIA – The Kingdom’s ministry of investment and ministry of foreign affairs launched the second phase of issuing...
  • This service is offered to foreign investors as part of the Kingdom’s efforts to boost investment, consistent with Saudi Vision 2030.
  • The booking platform is affiliated with the Ministry of Investment “Invest Saudi,” through which the application will be processed.

Diversification remains crucial for oil-rich nations

Combating climate change demands global collaboration and collective action, European Commissioner for Cohesion and Reforms Elisa Ferreira tells TRENDS in...
  • Combating climate change demands global collaboration and collective action, European Commissioner for Cohesion and Reforms Elisa Ferreira tells TRENDS in an interview
  • She highlights the need for a global sustainability approach, emphasizing localized transitions, inclusivity, and the urgency of shifting to sustainable development

US encouraging Israel to kill and carry out cruel acts against Palestinians: Raisi

Tehran, Iran--Iranian President Ebrahim Raisi on Monday accused the United States of "encouraging" Israel to kill and carry out "cruel...
  • Raisi said crimes carried out by Israel against Palestinians are a genocide with the support of the United States and certain European countries
  • The Islamic republic financially and militarily backs Hamas but insists it had no involvement in the Palestinian Islamist group's attacks on Israel

Heads of UN agencies urge Gaza ceasefire in rare joint statement

The heads of 18 organizations including UNICEF, the World Food Program and the World Health Organization described the horrific toll...
  • In Gaza, the UN statement said, "an entire population is besieged and under attack, denied access to the essentials for survival"
  • The UN leaders said more food, water, medicine and fuel must be allowed into Gaza to help its besieged population

In Ankara, Blinken tries to soothe strategic ally Turkey’s anger

Blinken's first visit since Israel went to war with Hamas in reprisal for the militants' October 7 attack comes with...
  • Blinken's visit to Turkey comes amid fury at both Israel and the West boiling over on the streets of Turkey and in the palace of President Recep Tayyip Erdogan
  • Police used tear gas and water cannon to disperse hundreds of protesters who marched on an air base housing US forces in Turkey's southeast

UAE and China urge UN Security Council meeting on Gaza

Dubai, UAE-- The United Arab Emirates (UAE) and China have called for a closed-door meeting of the UN Security Council...
  • The security council will likely discuss, in particular, the strikes on the Palestinian refugee camp Jabalia in the north of the Gaza Strip and a convoy of ambulances
  • According to Chinese Foreign Minister, the country will continue to push the UN to fulfill its responsibilities and adopt resolutions to help alleviate the ongoing Gaza crisis

US Secretary of State arrives in Iraq on a surprise visit

During his meeting with Blinken on Sunday, Iraqi Prime Minister reiterated calls for a ceasefire and pointed to "the urgency...
  • Iraqi PM met Blinken with the two expected to discuss the risks of escalation in Israel's war with Hamas
  • Nearly 2,500 American troops are deployed in Iraq, tasked with advising their Iraqi counterparts in the fight against the IS

Israel’s security cabinet approves 19 new settlements in West Bank, a move to scuttle ‘a Palestinian state’

The decision brings the total number of settlements approved over the past three years to 69, according to a statement...

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Nuclear states spent $100 billion on atomic arsenals in 2024, say ICAN

ICAN said Britain, China, France, India, Israel, North Korea, Pakistan, Russia and the United States together spent nearly $10 billion...

US still wants talks with Iran on Sunday: US official

Washington, United States - The United States still hopes to hold talks Sunday with Iran, even after Israel launched a...

MENA brief Jun 13: Prince Salman to skip G7 meet, OpenAI in funds talks with PIF

In the financial sector, Fitch Ratings has projected a notable uptick in mergers and acquisitions within Saudi Arabia’s insurance industry....

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Israel strikes Iran’s nuclear sites, kills top generals; Tehran, Iraq shut airspace, casualties reported

Israel's operation struck at the "heart of Iran's nuclear enrichment programme", taking aim at the atomic facility in Natanz and...
  • Israel's operation struck at the "heart of Iran's nuclear enrichment programme", taking aim at the atomic facility in Natanz and nuclear scientists
  • Iranian state media said residential buildings in Tehran were also hit, killing a number of civilians including women and children

Flames and smoke in aftermath of crashed India passenger jet

While officials initially said everyone aboard was feared dead, state health official Dhananjay Dwivedi told AFP later that one passenger...
  • Air India's flight 171 -- a Boeing 787-8 Dreamliner bound for London's Gatwick Airport -- crashed shortly after takeoff around 0810 GMT.
  • The passengers included 169 Indian nationals, 53 British, seven Portuguese, and a Canadian. Two pilots and 10 cabin crew were also aboard.

UN to vote on calling for unconditional Gaza ceasefire

Like the text blocked by Washington to protect its Israeli allies, the draft resolution before the General Assembly calls for...