International

Hamas agrees to Trump peace plan with conditions

Hamas has announced conditional agreement to President Trump’s Middle East peace proposal, pledging prisoner exchanges, humanitarian access and a transfer of Gaza administration to an independent Palestinian body.

حماس نے ٹرمپ امن منصوبے کی مشروط منظوری دیدی

حماس نے صدر ٹرمپ کی امن تجویز پر مشروط رضامندی ظاہر کرتے ہوئے کہا ہے کہ وہ قیدیوں کے تبادلے اور غزہ کی انتظامیہ ایک آزاد فلسطینی ادارے کو منتقل کرنے پر تیار ہے، تاہم اس نے واضح کیا ہے کہ غزہ کے مستقبل اور فلسطینی عوام کے حقوق کا تعین قومی اتفاق رائے اور بین الاقوامی قوانین کے مطابق ہونا چاہیے۔

Dubai telco du profits soar 49.7% to book $520mn in Q3 FY2024

For the nine months leading to this quarter, du achieved a 49.7 percent increase in net profit, reaching AED1.9 billion, driven by robust commercial momentum, a dedicated strategy, and cost-efficiency.

UAE attracts mammoth US$16bn in greenfield foreign capital inflows in 2023

UAE attracts US$16 billion in FDI, transforming key sectors like real estate and finance to become a global investment leader with lasting international partnerships.

Lulu’s ADX IPO targets around $5bn bolstered by keystone GCC investors

Lulu Group’s ADX IPO promises to raise billions, anchored by cornerstone investor backing and an ambitious dividend plan to fuel its expansion across UAE markets.

UBS advises GCC investors secure wealth with bonds, gold to mitigate regional risks

GCC investors should consider high-grade bonds and global diversification of assets—with hedges in gold—to mitigate rising regional geopolitical risks posed in the Middle East, advises Swiss investment bank UBS.

UAE’s e& telecom giant expands into Eastern Europe in $2.3bn deal

e& Group cements its European presence with new acquisition across a majority of Eastern European markets — namely Bulgaria, Hungary, Serbia, and Slovakia.

UAE takes the lead in Arab Parliament with new president

UAE secures Arab Parliament presidency with Mohammed Ahmad Al Yamahi elected as president, showcasing Emirati leadership and commitment to regional cooperation through parliamentary diplomacy.

Dubai and Abu Dhabi vie for global elite in search of wealth sovereignty

Dubai and Abu Dhabi compete fiercely to draw wealth managers, with regulatory appeal and sovereign funds turning the UAE into a rising financial hub alternative.

Michigan Muslims back Trump for peace, values, and secure border

Michigan Muslims endorse Donald Trump for his peace-oriented and pro-family policies, marking a shift in political support in a key swing state.

Dubai’s month-long #ZayedAndRashid toast kicks off November 3

Dubai launches the #ZayedAndRashid campaign to honour UAE’s founding fathers and celebrate national events with vibrant festivities, from cultural showcases to concerts and fireworks. The month-long celebrations run from 3 November to 2 December.

ADNOC moves to enter European chemicals market with €14.7bn Covestro deal

ADNOC advances in Europe with a €14.7 billion Covestro takeover, emphasising low-carbon ammonia via Fertiglobe’s global platform.

Qantas says yes to 25% Qatari stake in Virgin Australia

Qantas is open to Qatar Airways’ 25% stake in Virgin Australia, fostering more competition as both airlines aim to strengthen their networks. Qantas’ focus remains on ultra-long-haul routes to Europe, bypassing the need for Gulf stopovers.

Abu Dhabi’s Mubadala Capital secures $3.1bn for middle-market investments

Abu Dhabi's Mubadala Capital raises $3.1 billion for its private equity fund, targeting middle-market companies while expanding its global investment footprint. Recent acquisitions include Fortress Investment Group and Bugaboo.
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