ADCB to raise $1.66bn
The rights issue aimed at boosting growth.
Remains of 5,000-year-old noblewoman found in Peru dig
The woman's funerary trousseau, which was presented to reporters at the culture ministry, included a toucan's beak, a stone bowl and a straw basket.IMF, World Bank welcome efforts for Syria to reintegrate globally
Washington, United States - The International Monetary Fund and World Bank's leaders said in a joint statement Thursday that they welcome efforts towards helping Syria "reintegrate with the international community." The statement, issued with Saudi Arabia's finance minister, came as Syria's central bank governor and finance minister attended the IMF...Trump confidant Steve Witkoff leads Iran talks amid nuclear tensions, Europe urged to rejoin diplomatic efforts
Witkoff, a businessman friend of Trump who has become his globe-trotting negotiator, last met Foreign Minister Abbas Araghchi on Saturday in Rome, where they reported progress and called for talks among technical teams.India and Pakistan urged to have ‘maximum restraint’ after Kashmir attack
The United Nations urged India and Pakistan to show "maximum restraint" as the nuclear-armed rivals imposed tit-for-tat diplomatic measures over a deadly shooting in Kashmir.ATM 2025 to showcase 2,800 firms, 17 percent from Middle East
Dubai, UAE: The Arabian Travel Market, which will take place from Apr 28 to May 1 at the Dubai World Trade Centre, will bring together professionals and leaders from all travel sectors and verticals including leisure, business events (MICE), luxury and corporate travel sectors. At a press conference, RX Global,...Israel military issues evacuation order two north Gaza areas
"To all of the civilians of the Gaza Strip staying in the areas of Beit Hanoun and Sheikh Zayed. This is a preliminary and a final warning... move west immediately toward Gaza City," the military's Arabic-language spokesman Avichay Adraee said on X.European carmakers on China charm offensive as sales droop
Shanghai, China -- Once blithely dominant in China, European automakers are now launching full-fledged charm offensives at consumers in the world's largest car market, seeking to claw back sales lost to domestic rivals. At this week's Auto Shanghai, the largest global industry show of its kind, foreign firms -- in...Lebanon parliament approves changes to banking secrecy law
Beirut, Lebanon -- Lebanon's parliament on Thursday approved amendments to banking secrecy legislation, a key reform demanded by the International Monetary Fund, as Lebanese officials hold meetings with global finance institutions in Washington. A statement from speaker Nabih Berri's office said parliament passed amendments to "the law related to banking...Nissan forecasts $5.3bn annual net loss
Last year, it announced 9,000 job cuts worldwide.The game of ‘chicken’ being played with the world economy can be brought to a cooperative end
A meaningful “G3” accord between the US, Europe, and China must include coordinated fiscal, monetary, development, and trade policies. From reducing the US fiscal deficit to boosting China’s domestic consumption and reforming global trade norms, such a grand bargain could modernize outdated systems and spark a long-overdue recalibration of global...Morocco volunteers on Sahara clean-up mission as part Nomads Festival
M'HAMID EL GHIZLANE, Morocco - It may be the gateway to the vast Sahara desert, but that does not mean it's free of that modern scourge of the environment -- the rubbish humanity discards. In southern Morocco, volunteers are hunting for waste embedded in the sand, and they do not...Trump eyes ‘fair deal’ with China, but path to ending tariff war remains unclear
Trade tensions between the world's two biggest economies have soared as Trump ramped up levies on imports from China this year, imposing an additional 145 percent tariff on many products over practices Washington has deemed unfair, and other issues.Cannes film festival says to ‘honour’ slain Gaza photojournalist
Paris, France - The Cannes film festival said Wednesday that the screening of a documentary about Gaza photojournalist Fatima Hassouna at the event next month would honour her work after the "horror" of her death in an Israeli air strike last week. "Put Your Soul on Your Hand and Walk"...India and Pakistan rivalry boils after Kashmir attack
India took a raft of punitive diplomatic measures against arch-rival Pakistan on Wednesday, accusing Islamabad of supporting "cross-border terrorism" after a deadly attack on civilians in Kashmir.Boeing says China not accepting planes over US tariffs
New York, United States -- Boeing's CEO confirmed Wednesday that China had stopped accepting new aircraft due to the US-China trade war, as the company's shares surged following a smaller than expected loss. In a televised interview with CNBC, Boeing Chief Executive Kelly Ortberg said Chinese customers had "stopped taking...Saudia to acquire 20 wide-body aircraft
10 of these being acquired for its flydaeal low-cost airlineADIB’s Q1 net profit $517 million
Q1 2025 net profit before tax increased 18% YoY.Abbas urges Hamas to free Gaza hostages as Israeli strikes kill 25
"Hamas has given the criminal occupation excuses to commit its crimes in the Gaza Strip, the most prominent being the holding of hostages," Abbas said in Ramallah, seat of the Palestinian Authority (PA) in the Israeli-occupied West Bank. "I'm the one paying the price, our people are paying the price,...Germany, France, UK say Israel’s Gaza aid blockade ‘must end’
Germany, France and Britain on Wednesday called on Israel to stop blocking humanitarian aid into Gaza, warning of "an acute risk of starvation, epidemic disease and death".Trump to visit Saudi, Qatar, UAE in May amid tensions over Iran, trade, and security
Saudi Arabia's top diplomat held talks in Washington earlier this month to lay the groundwork for a visit by Trump in a reprisal of 2017, when the oil-rich, conservative kingdom was the first destination of his first term in office.Trump, Zelensky to attend Pope Francis’s funeral Saturday
Pope Francis's funeral will be held on Saturday, the Vatican announced, as world leaders from US President Donald Trump to Ukraine's Volodymyr Zelensky said they would attend to honour the Catholic leader.Iran says technical nuclear meeting with US postponed to Saturday
A technical, expert-level nuclear meeting between Iran and the United States will be held on Saturday, coinciding with the third round of indirect talks mediated by Oman, Tehran announced Tuesday.Emirates Islamic Q1 profit $394m
The bank's profit crossed AED 1bn mark for the first time.IMF cuts global growth outlook on impact of Trump tariffs
Washington, United States -- The International Monetary Fund on Tuesday slashed its forecast for global growth this year, citing the effect of US President Donald Trump's new tariff policies on the world economy. The IMF's projections, which incorporate some but not all tariff measures introduced this year, see the global...Boeing to sell some assets to Thoma Bravo
The $10.55 bn sale includes portions of digital aviation solutions business.Trump tariffs have increased financial stability risks: IMF report
The IMF's Global Financial Stability Report (GFSR) was published as world financial leaders gather for meetings in Washington under the cloud of policy uncertainty triggered by Trump's tariff announcements. The administration's tariff plans "triggered a bout of policy uncertainty," which was only exacerbated by the retaliatory measures unveiled by China,...As world mourns, cardinals meeting to decide the date for Pope Francis’s funeral
Vatican City, Holy See - Cardinals will meet Tuesday to decide the date for Pope Francis's funeral, starting a process that will culminate in the election of a new Catholic leader within three weeks. Francis, the head of the world's 1.4 billion Catholics, died at his home in the Vatican...Saudi Aramco, BYD form alliance to develop low-carbon automotive innovations amid EV growth
Saudi Aramco, the world's largest producer of oil, "is exploring a number of ways to potentially optimize transport efficiency, from innovative lower-carbon fuels to advanced powertrain concepts," said Ali A. Al-Meshari, its senior vice president of Technology Oversight and Coordination.Israel security chief accuses PM of demanding personal loyalty
Israel's internal security chief, whom the government is trying to sack, accused Prime Minister Benjamin Netanyahu Monday of demanding personal loyalty and ordering him to spy on anti-government protesters, drawing a sharp rebuke from the long-time leader.US envoy to Israel urges Hamas to sign deal so aid can enter Gaza
The new US ambassador to Israel on Monday called on Palestinian militant group Hamas to accept a deal that would secure the release of hostages, in exchange for the entry of humanitarian aid into Gaza.DHL to stop global shipments worth over $800 to US consumers
Washington, United States -- Global shipping giant DHL will "temporarily" suspend the shipping of parcels worth more than $800 from businesses to individuals in the United States as of Monday, the company said, citing delays in US customs clearances. "As a result of recent US Customs regulatory updates, we are...Gold hits record, dollar drops as tariff fears dampen sentiment
With several markets still closed for the Easter holiday, business was limited ahead of a week that will see the release of key data that should give an insight into the impact of the US president's trade war. Several nations have moved to cut a deal with Washington to stem...Davos meet founder Klaus Schwab steps down from WEF board
Geneva, Switzerland -- The World Economic Forum said on Monday that its founder Klaus Schwab has stepped down from the board, turning a page in the history of the organization that hosts the annual meeting of wealthy, famous and influential global elites at the luxury Swiss ski resort of Davos....Pope Francis is dead at 88, world leaders pay tributes to the energetic reformer
"Today, we lost a faithful friend of the Palestinian people and their legitimate rights," Palestinian president Mahmud Abbas said, noting that the pope "recognized the Palestinian state and authorized the Palestinian flag to be raised in the Vatican".West Bank campus a dystopian shelter for Palestinians uprooted again
Jenin, Palestinian Territories - On deserted university grounds in the occupied West Bank, Palestinian children run outside nearly empty buildings, their playground after being driven from their homes by a major Israeli "counter-terrorism" operation. Between a stadium and flower fields where goats now graze, the children play to escape boredom....US defense chief shared sensitive information in second Signal chat: US media
US Defense Secretary Pete Hegseth shared information on forthcoming US air strikes on Yemen in a private Signal chat group that included his wife, brother and personal lawyer, the New York Times and CNN reported on Sunday.Beijing slams ‘appeasement’ of US in trade deals that hurt China
China on Monday hit out at other countries making trade deals with the United States at Beijing's expense, promising countermeasures against those who "appease" Washington in the blistering tariff war.From tariffs to deportations, Trump’s first 100 days signal imperial shift in US leadership
Trump has also stepped up the sense of an endless reality show in which he is the star, as he signs executive orders and takes questions from reporters in the Oval Office almost daily.Gaza rescuers say Israeli air strikes kill 25 and injure dozens of Palestinians
Gaza City, Palestinian Territories -- Gaza's civil defense agency reported that Israeli air strikes since dawn on Sunday have killed at least 25 people across the Gaza Strip, including women and children. Israel resumed its aerial and ground assault on Gaza on March 18, reigniting fighting after a two-month ceasefire...US aid cuts strain response to health crises worldwide: WHO
Riyadh, Saudi Arabia -- The United States slashing foreign aid risks piling pressure on already acute humanitarian crises across the globe, a World Health Organization official said Sunday, also warning against withdrawing from the UN agency. Since taking office in January, President Donald Trump has effectively frozen foreign aid funding,...Lebanon president says disarming Hezbollah ‘delicate’ as two dead in strikes
Beirut, Lebanon -- Lebanese President Joseph Aoun said Sunday that disarming Hezbollah group was a "delicate" matter whose implementation required the right circumstances, warning that forcing the issue could lead the country to ruin. His remarks came as Lebanon's health ministry said two people were killed in Israeli strikes in...UAE foreign trade increases by 49% to reach $1.42 trillion in 2024
The UAE climbed from 17th to 11th globally in merchandise exports and from 18th to 14th in imports between 2021 and 2024, contributing 2.5 percent to global merchandise exports and 2.2 percent to imports. Exports reached $603 billion and imports totaled $539 billion in 2024.Global tax plans targeting super rich and tech giants stall under Trump
Paris, France -- Global tax plans targeting billionaires and multinational companies are running aground, with the United States torpedoing reforms under President Donald Trump. The billionaire real estate tycoon has pulled the United States out of an international deal on taxing multinationals and threatened tariffs on countries that target US...Anti-hero Star Wars series “Andor” heads towards its finale
Paris, France -- If "Andor" -- which returns from Tuesday for its second and final season -- has been received as one of the very best "Star Wars" TV series, that is largely thanks to the grittier, more adult approach taken by its creator Tony Gilroy. That standpoint -- far,...‘Resist Tyranny’: Another round of anti-Trump demonstrations hit major US cities
Many took aim at Trump's deportations of undocumented migrants, chanting "No ICE, no fear, immigrants are welcome here," a reference to the role of the Immigration and Customs Enforcement agency in rounding up migrants.Tariffs could lift Boeing and Airbus plane prices even higher
New York, United States -- Commercial plane prices, already lifted in recent years due to pandemic supply chain shocks, are poised to climb further as Boeing and Airbus are buffeted by trade tariffs. "Compared with 2018, prices for commercial jets have risen by around 30 percent," an aviation expert told...US Supreme Court intervenes to pause Trump deportations
Washington, United States - The US Supreme Court, in a dramatic nighttime intervention Saturday, paused President Donald Trump's unprecedented use of an obscure law to deport Venezuelan migrants without due process. The emergency ruling, delivered in two terse paragraphs, noted that two of the most conservative of the nine justices...Putin announces ‘Easter truce’ in Ukraine set to last until midnight on Sunday
Russian President Vladimir Putin on Saturday announced a surprise Easter truce in Ukraine, set to last until midnight on Sunday in what would be the most significant pause in the fighting throughout the three-year conflict.McLaren duo in ominous show of force in Saudi final practice
Lando Norris pipped teammate Oscar Piastri in final practice in Jeddah with the McLaren duo streets clear of the chasing pack ahead of qualifying for the Saudi Arabian Grand Prix later SaturdayTunisia opposition figures get jail terms in mass trial
A Tunisian court has handed down jail sentences of up to 66 years to multiple defendants, including prominent opposition figures, in a mass trial criticised by rights groups.