Geostrategy

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

du 9M profit up 10.8%

Revenue grows as connectivity demand supports earnings

Al Rajhi Bank 9M profit up

Revenue growth lifts earnings despite higher provisions

Mashreq prices Dim Sum bond

UAE bank raises offshore renminbi funding

Zohran Mamdani’s rise signals new hope for US democrats searching for a winning formula

Mamdani, a 34-year-old self-described democratic socialist, has developed a plan aimed at luring working-class people and young adults, for whom...
  • The Democrats -- shut out of power in the White House and both chambers of Congress -- are seen negatively by 63 percent of US voters, according to a July poll in the Wall Street
  • John Kane, a professor of political science at New York University, said the party needs to reconnect with parts of their traditional base, such as lower-income Americans and young

Erdogan hails Eurofighter jets deal as ‘new symbol’ of strategic ties with Britain 

"We regard this step as a new symbol of the strategic relations between our two close allies," he said after...
  • "We regard this step as a new symbol of the strategic relations between our two close allies," he said after signing the agreement with visiting British Prime Minister Keir Starmer
  • Turkey has been looking to modernise its air force and has been pushing to acquire 40 European-made fighter jet, which are jointly produced by Britain, Germany, Italy and Spain

Israel insists it calls shots in Gaza despite signing up to a US-brokered ceasefire

Under the terms of a US-brokered ceasefire, as Israeli forces withdraw after the end of two years of brutal fighting...
  • Prime Minister Benjamin Netanyahu said Israel would decide for itself where and when to strike its foes and which countries would be allowed to send troops to police the trucehe
  • "Israel is an independent state. We will defend ourselves by our own means and we will continue to determine our fate," Netanyahu said. "We do not seek anyone's approval for this."

Long-shot socialist Mamdani in touching distance of becoming NY mayor

New York, United States - An unknown local lawmaker just a few months ago, leftist Zohran Mamdani has burst onto...
  • Since his surprise victory in the Democratic Party primary in June, New Yorkers have become used to seeing his bearded, smiling face on television
  • The 34-year-old election frontrunner was born in Uganda to a family of Indian origin and has lived in the United States since he was 7, becoming a naturalized US citizen in 2018

China hails coming of ‘multipolar world’ ahead of key Trump-Xi talks to avert trade war

Global markets are watching closely to see if Thursday's planned meeting between the two presidents can halt a trade war...
  • Global markets are watching closely to see if Thursday's planned meeting between the two presidents can halt a trade war sparked by the sweeping tariffs announced by Trump
  • Speaking at a forum in Beijing on Monday, Wang Yi urged "an end to politicising economic and trade issues, artificially fragmenting global markets, and resorting to trade wars

Trump starts key Asian tour with deals ahead of China meet

Trump rewarded Cambodia and Thailand with trade deals after co-signing their ceasefire pact, and saying he was confident of a...
  • Trump met Qatar's leaders -- among the guarantors of the Gaza ceasefire deal he spearheaded -- during a refueling stop.
  • As he left Washington, Trump added to speculation that he could meet North Korean leader Kim Jong Un for the first time since 2019 while on the Korean peninsula.

Nigeria refinery aims to be world’s biggest with expansion

Lagos, Nigeria -- Nigeria's Dangote oil refinery, already the largest in Africa, aims to become the biggest in the world...
  • "We are more than doubling the barrels... to 1.4 million from 650,000," said Aliko Dangote, a Nigerian businessman who is Africa's richest person.
  • The Dangote refinery has sparked monopoly fears as it becomes a powerful player itself.

US treasury secretary signals deal to ease trade war with China

Washington, United States -- US Treasury Secretary Scott Bessent on Sunday signaled a tentative deal with China to de-escalate their...
  • Scott Bessent said the US threat of a 100% tariff hike on Chinese goods had effectively been taken off the table in exchange for Beijing deferring curbs on its rare earth exports.
  • The secretary's remarks came as Trump kicked off an Asia tour in Kuala Lumpur that will culminate in a sitdown with Xi in South Korea.

TotalEnergies approves restart of $20-bn Mozambique gas project

Paris, France -- France's TotalEnergies said Saturday the consortium it leads to build a $20-billion liquified natural gas project in...
  • The Mozambique LNG project, the largest private investment in Africa's energy infrastructure, is expected to generate thousands of jobs.
  • Work was frozen after militants launched a deadly attack on the site of the project near the Tanzanian border in March 2021, resulting in around 800 deaths.

Mamdani in touching distance of becoming NY mayor

New York, United States -- An unknown local lawmaker just a few months ago, leftist Zohran Mamdani has burst onto...
  • The 34-year-old election frontrunner was born in Uganda to a family of Indian origin and has lived in the United States since he was seven.
  • He is the son of filmmaker Mira Nair ("Monsoon Wedding," "Salaam Bombay!") and Mahmood Mamdani, a professor and respected Africa expert.

UAE, Tanzania launch Green Silk Road food corridor

The Tanzania-UAE Green Silk Road will link farming, processing, storage, logistics, trade and markets in an integrated food security corridor...

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US launches fresh strikes on Iran, reimposes Hormuz blockade

Iran strikes US military assets in the Gulf and warned the Strait of Hormuz would remain closed until US military...

US strikes hit Iran for third night as Tehran expands retaliation across Gulf

US Central Command (CENTCOM) said its forces completed a five-hour mission that struck military targets in Bushehr, Chah Bahar, Jask,...

Dubai utility DEWA says solar park to exceed 8 GW capacity by 2030

Dubai, UAE -- Dubai's state utility DEWA said its flagship Mohammed bin Rashid Al Maktoum Solar Park will exceed 8,000...

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Sheikh Hamad bin Khalifa Al Thani, who put Qatar on world map, passes away

His death at the age of 74 closed a defining chapter in the country's modern history. During his 18-year reign...
  • His voluntary 2013 abdication to Emir Sheikh Tamim marked an unprecedented peaceful generational transition in modern Gulf monarchies.
  • In 1996, he authorised the launch of Al Jazeera, the satellite television network that revolutionised Arabic-language news and reshaped media across the region.

Iran launches drone, missile attacks on Gulf nations after US strikes

The latest round of fighting erupted after Iran's IRGC attacked a Cyprus-flagged container ship it said was transiting via an...
  • UAE's ministry of defence said the country's air defence was engaging Iranian drones and missiles.
  • Qatar and Bahrain asked its citizens to remain calm and move to safer places.

Tehran says it ‘kept its word’ as Trump threatens to ‘decimate’ Iran if targeted

Foreign minister Abbas Araghchi says compliance with the US-Iran memorandum of understanding must be mutual. Tehran denies seeking new talks...
  • US reportedly gives Tehran a deadline to stop attacks on shipping in the Strait of Hormuz.
  • Trump says '1,000 missiles are locked and loaded and aimed at Iran' with 'thousands more ready to follow'.