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

Global energy meet discusses way forward to net-zero emissions

VIENNA, AUSTRIA – High-level representatives from the member states of the United Nations Industrial Development Organization (UNIDO), international organizations, experts...
  • The two-day forum showcased innovative technologies and transformative solutions to accelerate low-emission, climate-resilient development.
  • The international event aimed to foster new partnerships to scale up investments and technology transfer to developing countries.

UN rights body head criticizes rising hate sparked by Israel-Hamas war

The UN human rights chief said that he was absolutely "disgusted" by the "sharp rise in hatred globally" since the...
  • "The impact of this crisis... has sent shockwaves across every region, dehumanising both Palestinians and Jews," the UN rights chief said.
  • The world has witnessed a sharp spike in hate speech, violence and discrimination, deepening social fractures and polarization, he said.

Israel ‘significantly refined’ battle plans against Hamas after talks with US

Tel Aviv, Israel - A senior Biden administration official revealed that Israel has made significant adjustments to its military strategy...
  • The senior official, who spoke on the condition of anonymity, acknowledged that Israel had reworked its initial military plan
  • The senior official asserted that advocating for a ceasefire might not be the most suitable policy for the United States to pursue at this stage

Israel Foreign Ministry denies relations with Bahrain cut off

Dubai, UAE-- A day after Bahrain's parliament announced that its ambassador to Israel is being recalled, the Jewish state said...
  • Israel has not received any “announcement or decision from the Bahraini government, according to its Foreign Ministry
  • Bahrain said on Thursday that the Israeli ambassador had left Bahrain, while its ambassador has been recalled from Israel

Conflict points to economic shift in Arab-Israel ties

Bahrain's expulsion of Israel's ambassador and halted trade may foreshadow a broader economic realignment in the Middle East, threatening key...
  • Bahrain's expulsion of Israel's ambassador and halted trade may foreshadow a broader economic realignment in the Middle East, threatening key regional trade pacts.
  • Israel's strategic gas deals and burgeoning trade with Arab nations, including a potential UAE free trade deal, will be affected if the Gaza conflict escalates further.

Blinken meets Jordan’s king as Gaza war rages

After discussing with Israeli PM Benjamin Netanyahu the idea of "humanitarian pauses" to secure the release of hostages held by...
  • After meeting Blinken, Netanyahu said there could be no "temporary truce" in Gaza
  • More than 9,220 people have been killed in Israeli bombardments, most of them children

US uses unarmed Pentagon assets to locate hostages in Gaza: US official

Washington, United States - The US is using unarmed assets of the Department of Defense to help locate hostages held...
  • The two Americans that were able to get out of Gaza a couple of weeks ago proved it was possible, the official went on to say
  • The situation in the Middle East sharply escalated following an incursion of Hamas militants from the Gaza Strip into Israel on October 7

Erdogan calls Gaza bombing ‘crimes against humanity’, urges ceasefire

Astana, Kazakhstan - Turkish President Recep Tayyip Erdogan on Friday called for an immediate ceasefire between Israel and Hamas, saying "crimes...
  • Erdogan has strongly supported the Palestinians in the face of Israel's war with Hamas, attending pro-Palestinian rallies and positioning himself as a mediator.
  • "There is no concept that could explain or excuse the brutality that we have witnessed since October 7," Erdogan said during a summit of Turkic States in the Kazakh capital.

Israeli strike hits ambulance convoy as Gaza toll rises to 9,227

Gaza health ministry says 9,227 Palestinians, two-thirds of them women and children, have been killed in relentless Israeli bombardment and...
  • US Secretary of State Antony Blinken said he spoke with Israeli Prime Minister Benjamin Netanyahu about having "humanitarian pauses" in Gaza.
  • Hezbollah chief Hassan Nasrallah, who spoke for the first time since the war broke out, said the United States is "entirely responsible" for it.

Hamas ready to swap prisoners with Israel, says official

NEW YORK, US  - Hamas is ready for a "complete compromise" deal on the issue of swapping hostages with Israel,...
  • The Hamas representative said that the group wants to continue fighting against the occupation.
  • The group said that it has the legal right to fight against the occupation under international law.

Gazans mourn six killed in Israeli shelling on shelter

Gaza's civil defence agency, which operates as a rescue force under Hamas authority, initially said on Friday that the Israeli...

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Gaza rescuers say Israel fire near aid centre kills 31

The Gaza civil defence agency said Israeli forces opened fire on people waiting to enter a US-backed food distribution centre...

Iran says to target US bases if conflict breaks out

"All its bases are within our reach, we have access to them, and without hesitation we will target all of...

Nvidia marks Paris tech fair with Europe AI push

Paris, France -- Drawing high-powered tech CEOs and a presidential visit, the Vivatech trade fair opened in Paris on Wednesday...

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MENA brief Jun 11: Umrah returns, ADGM surges, Abu Dhabi property market up

China has extended visa-free entry for up to 30 days to citizens of Saudi Arabia, Oman, Kuwait, and Bahrain—boosting bilateral...
  • Mashreq Bank’s debut $500 million sukuk listed on Nasdaq Dubai under its $2.5 billion program offers a 5.03 % profit yield.
  • Nigeria’s planned $5 billion oil‑backed loan with Saudi Aramco is stalled amid falling Brent crude prices and production constraints.

Israel deports Greta Thunberg after intercepting Gaza-bound aid boat

Tel Aviv, Israel - Campaigner Greta Thunberg arrived home in Sweden late Tuesday, after Israel detained her and other activists aboard...
  • Of the 12 activists on board the Madleen, which was carrying food and supplies for Gaza, four including Thunberg agreed to be deported immediately
  • The remaining eight were taken into custody after they refused to leave Israel voluntarily, and brought before a detention review tribunal on Tuesday

‘What wrong did he do?’ Gaza family mourn three-year-old shot dead

Gazan mother Amal Abu Shalouf ran her hand over her son's face and hair, a brief farewell before a man...
  • "Amir, my love, my dear!" cried his mother, struggling to cross the crowded courtyard of Nasser Hospital in Khan Yunis
  • The grieving mother, comforted by relatives, said her young son had been begging for food in recent days and dreaming of a piece of meat