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

United Nations declares famine in Gaza, first ever in Middle East

Tom Fletcher, the UN's emergency relief coordinator, blamed Israel, accusing it of "systematic obstruction" of aid deliveries to the war-ravaged...
  • The assessment of famine was made by the Integrated Food Security Phase Classification Initiative (IPC), a coalition of monitors tasked by the UN to warn of impending crises.
  • It defines famine as occurring when 20 percent of households have an extreme lack of food; 30 percent of children under five are acutely malnourished.

21 countries sign joint statement condemning Israel’s West Bank settlement project

Israel has approved the plans for the roughly 12-square-kilometre parcel of land known as E1 just east of Jerusalem, which...
  • "We condemn this decision and call for its immediate reversal in the strongest terms," said the statement of foreign ministers.
  • All of Israel's settlements in the West Bank, occupied since 1967, are considered illegal under international law.

US senators push for improved press access in Gaza

Washington, United States - A group of 17 US Senators sent a letter to Secretary of State Marco Rubio on Wednesday...
  • The letter to Rubio, a staunch supporter of Israel, said: "We urge you to press the Israeli government to protect journalists in Gaza and allow global media to the territory."
  • Last week, an Israeli strike killed four journalists for Al Jazeera, including Qatari television correspondent Anas al-Sharif, as well as two freelance journalists

Trump raises pressure on central bank, calls for Fed governor to resign

Washington, United States -- President Donald Trump ramped up pressure on the US central bank Wednesday, calling for Federal Reserve...
  • The Trump administration has pursued allegations of mortgage fraud against high-profile Democrats who are seen as political adversaries of the president.
  • It was not immediately clear if such a probe will take place targeting Cook, the first Black woman to serve on the central bank's board.

Antarctic climate shifts threaten ‘catastrophic’ impacts globally

Paris, France -- Abrupt and potentially irreversible changes in Antarctica driven by climate change could lift global oceans by meters...
  • After increasing slightly during the first 35 years that satellite data was available, Antarctic sea ice cover plunged dramatically over the last decade.
  • Since 2014, sea ice has retreated on average 120 kilometers (75 miles) from the continent's shoreline.

Israel approves major West Bank settlement project, sparks international outcry

Israel has long had ambitions to build on the roughly 12-square-kilometre parcel known as E1 just east of Jerusalem, but...
  • Critics say the settlement would effectively cut the West Bank in two, undermining hopes for a contiguous Palestinian state with east Jerusalem as its capital.
  • UN chief Antonio Guterres warned last week that constructing Israeli homes in the E1 area would "put an end to" hopes for a two-state solution to the Israeli-Palestinian conflict.

Syrian, Israeli diplomats met in Paris to discuss ‘de-escalation’: report

Syria's foreign minister met with an Israeli diplomatic delegation in Paris on Tuesday to discuss "de-escalation and non-interference in Syria’s...
  • Washington has been at work in recent weeks to try to resolve security issues in Syria and Lebanon, which its ally Israel says have prompted it to take military action
  • Despite a truce reached last November, Israel has continued to hit targets of the Iranian-backed Hezbollah group in Lebanon, and it has occupied territory and hit targets in Syriay

Indian PM Modi to visit China, security chief says

Indian Prime Minister Narendra Modi will visit China later in August, his security chief said on Tuesday during talks with...
  • Modi will attend the Shanghai Cooperation Organization (SCO) summit opening on August 31 in Tianjin, his first visit to China since 2018, Ajit Doval said in public comments
  • "History and reality prove once again that a healthy and stable China-India relationship serves the fundamental and long-term interests of both of our countries," Wang added

Netanyahu slams Macron for fuelling ‘antisemitic fire’ by move to recognise Palestinian state

Israeli Prime Minister Benjamin Netanyahu upbraided President Emmanuel Macron in a letter seen by AFP on Tuesday, blaming the French...
  • Late last month, Macron said France would formally recognise a Palestinian state during a UN meeting in September, drawing a swift rebuke from Israel
  • By announcing the move, France was set to join a growing list of nations to have recognised statehood for the Palestinians since the start of the Gaza war nearly two years ago

Ex-owner of world’s largest rhino farm arrested for trafficking

Johannesburg, South Africa -- South African police said they arrested Tuesday the former owner of the world's largest rhino conservation...
  • Hume, in his mid 80s, owned the largest rhino farm in the world until 2023 when it was bought by the African Parks NGO.
  • The 7,800-hectare (19,270-acre) "Platinum Rhino" site in the North West province is home to around 2,000 animals.

Gaza death toll since ceasefire rises to 1,375 as settler violence surges

The ministry said three Palestinians were killed and at least 27 injured during the 24 hours covered by its latest...

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Xi and Putin reaffirm alliance days after Trump’s Beijing visit

Chinese President Xi Jinping hosted Russian President Vladimir Putin in Beijing on Wednesday, days after US President Donald Trump visited...

US, Israel planned Ahmadinejad return in Iran regime change bid: report

Israeli and US officials had initially viewed former Iranian president Mahmoud Ahmadinejad as a potential figure to lead Iran following...

Trump warns of fresh strikes on Iran within days if negotiations fail

Iran, which said its proposals presented to Washington included sanctions relief, the release of frozen funds, warned it would “open...

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Trump says Xi wants Hormuz Strait reopened amid Iran conflict

US President Donald Trump said Chinese President Xi Jinping wants the Strait of Hormuz reopened, following talks between the two...
  • Trump said both leaders agreed that the strategically important shipping route should remain open as tensions in the Gulf continue to impact oil markets worldwide
  • “He’d like to see the Hormuz Strait open,” Trump said of Xi. “He said if I can be of any help whatsoever, I would like to help.”

Seizure of vessel anchored near UAE coast close to Hormuz raises Gulf tensions

The incident came hours after India condemned an attack on an Indian-flagged vessel off Oman’s coast, calling continued assaults on...
  • Malaysia warned Iranian-linked “shadow fleet” oil transfers near its waters exploited maritime loopholes across major Asian shipping corridors.
  • Iran staged a mass World Cup departure rally in Tehran despite continuing uncertainty surrounding travel and participation in the United States.

Pentagon raises Iran war cost to $29 billion

The Pentagon on Tuesday revised the estimated cost of the war on Iran to nearly $29 billion, roughly $4 billion...
  • The updated estimate emerged during back-to-back hearings on the Pentagon’s nearly $1.45 trillion budget request for the upcoming fiscal year
  • Pentagon comptroller Jay Hurst clarified that the new figure does not include the cost of repairing U.S. military facilities damaged in Iranian missile and drone attacks