- Abu Dhabi, UAE -- The UAE Ministry of Finance said on Sunday it had launched its first-ever seven-year tranche of dirham-denominated Islamic Treasury Sukuk worth 550 million dirhams (about $150 million), marking the longest tenor issued under the program to date. The ministry, acting as issuer in collaboration with the...
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 and restore security across its borders.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 night beaches since last year.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 United Arab Emirates where gambling is currently banned. The license was issued by the General Commercial Gaming Regulatory Authority, which was set up last year to allow for commercial...Israeli airstrikes escalate in Lebanon as UN and Macron demand urgent ceasefire and de-escalation
As Israeli airstrikes rock Beirut, the UN demands peace and hostages’ release, and Macron criticizes Israel’s military actions, warning against further escalation in Lebanon and calling for political solutions.Iran FM threatens ‘even stronger’ retaliation to any attack
"Our reaction to any attack by the Zionist regime is completely clear," Foreign Minister Abbas Araghchi told reporters in the Syrian capital, where he met top officials including Tehran's ally President Bashar al-Assad. "For every action, there will be a proportional and similar reaction from Iran, and even stronger," he...UAE to host 2025 Asia-Pacific amateur championship at Emirates Golf Club
Gotemba, Japan -- The Asia-Pacific Golf Confederation (APGC), the Masters Tournament and The R&A has announced that the 16th Asia-Pacific Amateur Championship will be contested at Emirates Golf Club’s Majlis Course in Dubai, United Arab Emirates (UAE), 23-26 October 2025. The Championship will return to Dubai and the Middle East...UAE backs Egypt’s Ras El Hekma megaproject, aims for $110 billion investment
Abu Dhabi, UAE - The UAE Ministry of Investment (MoI) announced today its support and key role in the advancement of the Ras El Hekma project and the participation of Emirati companies in its expansion and growth plan. This project is one of Egypt’s most ambitious coastal city developments. Located...Trump says he thinks Israel should ‘hit’ Iran nuclear facilities
The former president, speaking at a campaign event in North Carolina, referred to a question posed to Democratic President Joe Biden this week about the possibility of Israel targeting Iran's nuclear program. He issued a scathing statement this week, holding Biden and Harris responsible for the crisis.Updates: Israel attacks 2,000 sites in Lebanon, kills over 40 rescuers, and destroys hospitals
Israel has intensified its attacks against Lebanon striking emergency services and professionals - a possible war crime. Several hospitals in Lebanon shut down after severe damage from violent Israeli attacks.Updates: Iran’s supreme leader says anti-Israel resistance will not back down
Ayatollah's rare address in Arabic follows Iran's second-ever direct attack on Israel; rallies held in Jordan and Bahrain in support of Hamas, Hezbollah.‘TAQA’ prices $1.75bn dual tranche
The 12-year senior unsecured notes are sized $850m.Crude could spike by US$20 on Iran oil shock
Oil prices could shoot up US$20 per barrel if Iranian production sees a hit resulting from Israeli retaliation, according to Goldman Sachs, CNBC reported. U.S. crude futures rose around 5% on Thursday and ticked higher again Friday morning on concerns that Israel could strike Iran’s oil industry in retaliation for...FIFA defers decision on Palestinian request to suspend Israel
FIFA president Gianni Infantino said in a statement: "The FIFA Council has implemented due diligence on this very sensitive matter and, based on a thorough assessment, we have followed the advice of the independent experts. "The ongoing violence in the region confirms that, above all considerations... we need peace.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 on all oil fields and resuming production and exports". In a statement, the National Oil Corporation confirmed ending the blockade which had cut crude production almost by half, to around...Updates: President Biden says ‘discussing’ possible Israeli strikes on Iran oil facilities
Oil prices shoot up as Biden suggests that Israel might target Iranian oil facilities, while GCC Arab states, including Qatar, Saudi Arabia, and the UAE, reassure Iran of neutrality in the conflict between Tehran and Israel.MGX participation confirmed in OpenAI’s US$6.6bn in new funding, valuing it at US$157bn
OpenAI has finalized a deal to receive US$6.6 billion in new funding from investors who valued the company at US$157 billion — the latest in a series of dramatic and sometimes polarizing moves for the ChatGPT maker, the Washington Post reported. The funding anoints the artificial intelligence company as one...Samsung says planning job cuts
The layoffs could affect about 10 percent of the workforce.Saudi Arabia to host largest health event with global participation on Oct 21-23
Riyadh, Saudi Arabia – Saudi Arabia is preparing to host the seventh edition of the Global Health Forum under the theme "Invest in Health" from October 21 to 23 at the Riyadh Exhibition and Convention Center in Malham. The event will bring together more than 1,200 international and local companies...Regional Updates: Iran “not looking for war” but will retaliate fiercely to any Israeli attack
Iranian leadership vows strong retaliation if Israel attacks Iran as Hezbollah kills eight Israeli soldiers and destroys 3 tanks while Israel banned UN chief Antonio Guterres from entering Israel. Also, 90 people were killed in Gaza and dozens injured in fresh Israeli attacks.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 Foreign Minister Israel Katz in a statement. "This is an anti-Israel Secretary-General who lends support to terrorists, rapists, and murderers," he said.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 diplomatic solution to prevent widening conflict "is still possible". Italian Prime Minister Giorgia Meloni -- whose country holds the G7 presidency this year -- called a telephone meeting of the...Sub-Saharan Africa: Nigeria takes #2 spot in global crypto adoption
Sub-Saharan Africa accounts for the global cryptocurrency economy’s smallest share, representing 2.7% of transaction volume worldwide between July 2023 and June 2024. Nonetheless, Sub-Saharan Africa received an estimated US$125 billion in on-chain value during this period, a US$7.5 billion increase compared to last year. Cryptocurrency is undeniably transforming the financial...Hezbollah says it clashed with Israeli troops who tried to ‘infiltrate’ Lebanon
Hezbollah said Wednesday it clashed with Israeli soldiers who tried to infiltrate into Lebanon, and also targeted Israeli troops across the border, according to statements from the Lebanese group. Hezbollah fighters confronted "an Israeli enemy infantry force that tried to infiltrate into the village of Adaysseh... and clashed with them",...Microsoft beefs-up its AI assistant with voice, vision
San Francisco, United States - Microsoft on Tuesday doubled down on deploying artificial intelligence to consumers, releasing an updated version of its Copilot chatbot that can hold voice conversations and interpret images. "Copilot will be there for you, in your corner, by your side and always strongly aligned with your interests,"...GM reports US sales dip, that of EVs grew
The big Detroit automaker reported 659,601 US sales during the period.Israel vows response as Iran fires missile barrage
Iran launched around 180 missiles at Israel on Tuesday in response to the killings of Tehran-backed militant leaders, prompting alarm across the region and vows of retaliation.Updates: Iran launches missile attack on Israel
Iran has launched a missile attack on Israel's commercial hub Tel Aviv, state media reported Tuesday. The official IRNA news agency said Iran had launched "a missile attack on Tel Aviv", without elaborating.Covestro accepts ADNOC takeover bid
The deal values German chemicals group at $13.3bn.Abu Dhabi non-oil GDP up 6.6% in second quarter: SCAD
Abu Dhabi, UAE -- Abu Dhabi's GDP increased by 4.1 percent during the second quarter of 2024, compared to the same period in 2023, according to the preliminary estimates revealed by the Statistics Centre – Abu Dhabi (SCAD). SCAD data said Abu Dhabi's GDP continued to record growth in total...US says Iran preparing imminent missile attack on Israel
Iran is preparing an imminent ballistic missile attack against Israel, the United States said on Tuesday, warning that any such assault would have "severe" consequences for Tehran.Asia-Pacific markets mixed after Powell signals smaller rate cuts
Asia-Pacific markets are mixed on Tuesday, after Federal Reserve Chair Jerome Powell indicated the recent outsized cuts enacted by the U.S. central bank should not be interpreted as a sign that future moves will be as aggressive, CNBC reported. “This is not a committee that feels like it’s in a...Iran says will not send forces to confront Israel
An Israeli strike on Beirut Friday killed Hassan Nasrallah, the head of the Lebanese militant group Hezbollah that has been armed and financed by the Islamic republic for years."We have not received any request in this regard from any side, on the contrary, we are informed and are sure that...Riyadh leads Saudi Arabia’s date production with record sales
Riyadh, Saudi Arabia - Riyadh is currently hosting the third Seasonal Dates Exhibition, a major economic, social, and tourist event. Organized by the National Company for Agricultural Services, the exhibition is being held at Al-Rabwa Markets in the Al-Rabwa neighborhood, east of Riyadh, and will continue daily until the end...Qatar Airways seeking 25% stake in Virgin Australia
Qatar Airways unveiled a bid to take a 25 percent stake in troubled airline Virgin Australia on Tuesday, a deal that could shake up Australia's Qantas-dominated market. Under the plan, Qatar would take a minority stake in Virgin for an undisclosed sum. The firms said it would spell more direct...Saudi economy to register losses until 2027, says finance ministry
Saudi Arabia anticipates a budget deficit of 2.3 percent of GDP in 2025. Estimates put total government revenues for 2025 at approximately US$320 billion, which would create a deficit of US$27bn.Israeli special forces in ‘limited’ Lebanon ground operations, says United States
Israeli forces have launched limited incursions in Lebanon, the United States said on Monday, while Lebanon's national army, dwarfed by Hezbollah's military power, was "repositioning" troops farther from the border, said a military official.Foreigners and institutions pour $4.9 billion into UAE equities
Abu Dhabi, UAE -- Net investments by foreigners and institutions in UAE equities amounted to AED 18.3 billion ($4.9 billion) as a result of purchases during the first nine months of this year, distributed by AED 15.6 billion in the Abu Dhabi market and AED 2.64 billion in the Dubai...Two-thirds of Gaza buildings destroyed or damaged: UN
Updating its damage assessment, the UN Satellite Centre (UNOSAT) said very high-resolution imagery collected on September 3 and 6 showed a clear deterioration. "This analysis... shows that two-thirds of the total structures in the Gaza Strip have sustained damage," UNOSAT said.Israel prepares for Lebanon ground invasion as Netanyahu tells Iranians ‘change coming soon’
While Israeli defense minister indicates imminent ground invasion of Lebanon speaking to his country's troops, Prime Minister Netanyahu addresses Iranian people through a video saying that change will "come a lot sooner than people think"Lebanon urges DNA tests to identify missing in Israel strikes
Families should head to centers affiliated with the Judicial Police "to conduct DNA tests", the police said in a statement. The drive is to help families of those who went missing following the Israeli aggression on Lebanon.Israel targets Palestinian group in first strike on Beirut center
Israel hit a Beirut apartment block on Monday, killing three members of a Palestinian armed group in its first strike on the city centre since the outbreak of the Gaza war last year. Israel has turned its focus from Gaza to Lebanon in recent days, carrying out attacks on Iran's regional...Israel and Hezbollah: A complex history of decades-long conflict and tensions
Nicosia, Cyprus - Israel and Lebanon's Shiite Muslim movement Hezbollah, whose leader Hassan Nasrallah was killed in an Israeli air strike on a Beirut suburb, have been sworn enemies for decades. Here is a history of their long conflict: 1982: Israel invades Lebanon; birth of Hezbollah Hezbollah -- the "Party of...Qatar outpaces Saudi Arabia and UAE in tourism growth with 147% surge
Doha, Qatar - Qatar has emerged as the leading player in the Middle East tourism sector, boasting an impressive 147% increase in tourist arrivals during the first half of 2024 compared to pre-pandemic levels, as reported by UN Tourism. This growth positions Qatar ahead of its regional competitors, with Saudi...More than 100 killed in Lebanon as Israel attacks south and central Beirut
Israeli fighter jets pounded parts of Lebanon and a drone attacked a Sunni neighborhood in central Beirut killing dozens across Lebanon and injuring more than 500 people. Saudi Arabia expresses "great concern".How Israel killed Hezbollah leader Hassan Nasrallah?
Israel has been planning for months to kill Hezbollah leader Hassan Nasrallah in south Beirut. Reports say Israeli PM approved the killing from his New York hotel while he was visiting UN annual meetings.UN sends emergency food aid for one million Lebanese amid fresh Israeli attacks
The World Food Program says it had launched an emergency operation to provide meals for one million people affected by the escalating conflict in Lebanon, calling on the international community to mobilize US$105 million to fund the operation.Saudi leisure tourism surges by 656% in 2024: Tourism Ministry
Riyadh, Saudi Arabia -- Saudi Arabia's tourism sector, particularly the leisure and holiday segments, witnessed substantial growth in 2024.In a statement marking World Tourism Day, observed every year on September 27, the ministry said that the Kingdom welcomed 17.5 million international tourists between January and July 2024, a 10 percent...Lebanon may be seeing ‘largest displacement’ ever: PM
Prime Minister Najib Mikati said that "the estimated number is very high and may reach one million" -- which would amount to roughly a sixth of Lebanon's population. "It is the largest displacement movement that may have happened... in Lebanon," he said.Trump launches into ‘dark speech’ on illegal immigration
Anti-immigrant sentiment has been at the core of Trump's appeal in economically depressed, majority-white parts of the country ever since his 2016 presidential victory, but the rhetoric is turning ever more extreme as election day nears. The 78-year-old businessman said former California prosecutor Harris, 59, is "dumb."Retaliation or defeat: Hezbollah at crossroads after Nasrallah’s killing
Widely seen as the most powerful man in Lebanon before his death of Friday, Nasrallah was the face of Hezbollah and Israel's arch-nemesis for more than 30 years.



















































