Hamas tells AFP ready to transfer Gaza governance to Palestinian committee
"Protocols are prepared, files are complete, and committees are in place to oversee the handover, ensuring a complete transfer of...
Geostrategy
Gold tops $5,000 for first time on Trump policy unrest
While turbulence over Trump's ambitions for Greenland and pressure on the Federal Reserve have provided the most recent support for...
Business
Business
AviLease acquires 9 aircraft from Avolon
AviLease had purchased 13 aircraft from Avolon in 2023.
- AviLease aircraft portfolio now comprises 167 owned aircraft, including purchase commitments, and 23 managed aircraft on lease to 48 airlines globally.
- AviLease said the acquired portfolio offers attractive yields and further contributes to the diversification of its portfolio.
Business
ADNOC L&S to pay $136.5m dividend
This is equivalent to 6.78 fils per share, the company said.
- The Company intends to distribute a total dividend amount of $273 million (AED1,002.6 million) for the full year.
- The H1 2024 dividend will be paid to shareholders who own ADNOC L&S shares on the record date of 17th October 2024.
Geostrategy
October 7 anniversary: Hamas praises ‘glorious’ moment in its resistance, Netanyahu says ‘we will win’
Hamas called the Palestinian resistance a testament of resilience against Israeli aggression, while Netanyahu reaffirmed Israel's commitment to crush Hamas...
- Last year's October 7 attack resulted in the deaths of 1,205 people, according to an AFP tally based on Israeli official figures that include hostages killed in captivity
- At least 41,870 Palestinians, a majority of them civilians, have been killed in Israel's military campaign in the Gaza Strip since the war began
Geostrategy
Dubai’s night beaches a cool solution to summer heat
With temperatures regularly topping 40 degrees Celsius, outdoor activities are severely limited. More than one million people have visited the...
- For residents of Dubai, a coast-hugging, desert metropolis of about 3.7 million people, the hot season from June to October is an annual trial.
- The city now has more than 800 meters (yards) of designated night beaches fitted with shark nets and illuminated by giant, bright floodlights.
Business
Casino operator Wynn wins UAE’s first commercial gaming license
Dubai, United Arab Emirates -- US casino operator Wynn has received the first commercial gaming operator's license to be issued in...
- The license was issued by the General Commercial Gaming Regulatory Authority, which was set up last year to allow for commercial gaming licenses to be issued in the Gulf Arab state
- Wynn operates casinos in Las Vegas and Boston as well as in Macau, a Chinese territory close to Hong Kong.
Business
‘TAQA’ prices $1.75bn dual tranche
The 12-year senior unsecured notes are sized $850m.
- The 7-year notes, sized at US$900 million and maturing on 9th October 2031, are conventional bonds bearing a coupon rate of 4.375 percent.
- Proceeds from these bonds will be used for general corporate purposes.
Geostrategy
Libya’s eastern administration lifts oil production, export blockade
The Benghazi-based administration, which controls most of Libya's oilfields, said in a Facebook post it was "lifting the force majeure...
- Libya is struggling to recover from years of conflict after the 2011 NATO-backed uprising that overthrew Moamer Kadhafi
- It remains split between a United Nations-recognized government of Prime Minister Abdulhamid Dbeibah and the rival authority in the east backed by military strongman Khalifa Haftar
Geostrategy
Israel declares UN chief ‘persona non grata’ over Iran attack response
"Anyone who cannot unequivocally condemn Iran's heinous attack on Israel does not deserve to step foot on Israeli soil," said...
- Following Iran's missile attack on Israel late Tuesday, Guterres condemned the "broadening conflict in the Middle East", slamming "escalation after escalation" in the region.
- Israel has been a harsh critic of the UN, with ties between the state and the international body souring even more after the October 7 Hamas attacks.
Geostrategy
G7 says diplomatic solution is still possible in Middle East
Rome, Italy -- The G7 on Wednesday vowed to work together to reduce tensions in the Middle East and said a...
- Italian Prime Minister Giorgia Meloni called a telephone meeting of the body Wednesday to address the escalating Mideast crisis.
- "In a constantly evolving scenario, it was agreed to work together to promote a reduction of tensions at the regional level," said the statement released by the Italian government.
Business
Covestro accepts ADNOC takeover bid
The deal values German chemicals group at $13.3bn.
- Under the terms of the agreement, valid until the end of 2028, ADNOC will make an offer for all remaining Covestro stock at a price of 62 euros per share.
- ADNOC will also inject around 1.2 billion euros into the chemicals firm through the issuance of new shares, once the deal is completed.
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Hamas tells AFP ready to transfer Gaza governance to Palestinian committee
"Protocols are prepared, files are complete, and committees are in place to oversee the handover, ensuring a complete transfer of...
Geostrategy
Company News
Turkey’s 5,000-year-old bread finds new life
Arts & Culture
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Israel receives bodies of two more hostages returned by Hamas
The issue of hostage bodies still in Gaza has become a sticking point in the ceasefire implementation, with Israel linking...
Geostrategy
Wed by app: Abu Dhabi launches virtual marriage for all
Dubai, United Arab Emirates -- Couples from anywhere in the world can now get married using the Abu Dhabi government's...
Arts & Culture
Hamas back on Gaza streets, acts against gangs and armed clans
For many Palestinians rebuilding their homes and lives amid Gaza's rubble, the sight of the Hamas forces was reassuring. Many...
Geostrategy
Most Read
Business
OpenAI unveils ChatGPT app integration feature
San Francisco, United States - OpenAI on Monday unveiled a new feature for ChatGPT, the leading generative AI model with...
- Chief Executive Sam Altman announced the new tool to a crowd of enthusiastic developers gathered in San Francisco for the company's annual "Developer Day."
- The new feature, Apps SDK, allows ChatGPT to interact with various apps to select music, search for real estate or explore hotel and flight booking sites
Trump’s Gaza plan wins Netanyahu backing, but hinges on Hamas disarmament
The plan calls for a ceasefire, release of hostages by Hamas within 72 hours, disarmament of Hamas and gradual Israeli...
- Hamas had yet to give its judgment on the proposal that Trump unveiled at the White House alongside Netanyahu, leaving uncertainty swirling around the fate of the 20-point plan
- The plan calls for a ceasefire, release of hostages by Hamas within 72 hours, disarmament of Hamas and gradual Israeli withdrawal from Gaza, followed by a transitional authority
Geostrategy
ChatGPT to get parental controls after teen’s death
Paris, France -- American artificial intelligence firm OpenAI said Tuesday it would add parental controls to its chatbot ChatGPT, a...
- Parents will also receive notifications from ChatGPT "when the system detects their teen is in a moment of acute distress," OpenAI added.
- The company had trailed a system of parental controls in a late August blog post.