RAKBANK posts record over AED 2bn profits in 2024

On Friday, Israelis and Palestinians awaited the next steps in the 42-day Gaza cease-fire and hostages-for-prisoners swap, with Hamas expected to release four female hostages and Israel to free over 100 Palestinian prisoners. The truce held through its first week, with a crucial test expected over the weekend as Hamas promised to provide information on remaining hostages. The deal also included a partial Israeli withdrawal from central Gaza to allow displaced Palestinians to return home,...

Father Bashar Basiel, a Catholic priest in the Christian village of Taybeh in the occupied West Bank, found himself restricted by newly installed gates at the village entrance following a ceasefire in Gaza. The Israeli military set up numerous checkpoints and erected iron gates throughout the West Bank, significantly impeding movement for commuters and residents alike. This sudden change has left Palestinians feeling trapped and uncertain about the future, unable to make plans or move...

American security contractors are assisting with the return of displaced Palestinians to Gaza's devastated north as part of a cease-fire deal between Israel and Hamas, focusing on securing the Netzarim corridor to screen vehicles for weapons. Israeli troops are set to partially withdraw to allow Gazans to head north under the 42-day truce mediated by Qatar, Egypt, and the United States, with private contractors like Safe Reach Solutions conducting logistics and planning. The hope is...

Etihad Rail will oversee the development and operation of a high-speed train project linking Abu Dhabi and Dubai, with speeds of up to 350 kmph, passing through strategic destinations and contributing AED145bn to the UAE’s GDP. The initiative, supported by Sheikh Mohamed bin Zayed Al Nahyan, Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, and Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, aims to enhance infrastructure, strengthen connectivity, and drive economic growth through sustainable...

The first Turkish Airlines flight in 13 years landed in Damascus, Syria, carrying aid and 345 passengers, including Turkish Airlines CEO Bilal Eksi and officials. This marked the resumption of commercial flights to Damascus, following Qatar Airways' earlier announcement. The flight signifies a step towards normalization of air travel to and from Syria, with other international carriers and domestic flights also resuming. Full Article

Following a cease-fire in Gaza, Israel has shifted focus to the West Bank city of Jenin, known for its history of resistance and militancy. Israeli forces have conducted operations in the city, targeting militants, amid a rise in Hamas popularity and Iranian weapon smuggling. The Palestinian Authority's influence in the West Bank has waned, leading to increased Israeli military presence and crackdowns on armed groups. Full Article