Geostrategy

Air Arabia profit falls

Revenue rises despite regional cost pressures

FAB plans $4.08bn rights issue

UAE’s largest bank seeks capital for growth.

flydubai launches new flights

Riga, Salzburg, Vilnius flights begin from Dec

ADNOC Gas Q3 profit $1.34bn

Stronger earnings support higher full-year outlook

Agthia 9M profit nearly triples

Third-quarter revenue increased 14.4 percent.

Funding key challenge for Middle East innovators

Deep-tech companies in the Middle East are facing challenges due to limited funding and inadequate R&D centers, leaving entrepreneurs seeking...
  • Deep-tech companies in the Middle East are facing challenges due to limited funding and inadequate R&D centers, leaving entrepreneurs seeking a more supportive ecosystem
  • Startups struggle to monetize intellectual property, and despite universities' support to develop IPs, the main challenge for them is achieving sustainability and profitability

Putin calls for ‘unhindered access’ for humanitarian aid into Gaza

MOSCOW, RUSSIA - Russian President Vladimir Putin called on Monday for "unhindered access" for humanitarian aid to enter Gaza, in a...
  • The United Nations says Gaza needs about 100 aid trucks a day to meet the needs of its 2.4 million people, nearly half of whom have been displaced.
  • The US has vowed to ensure a "continued flow" of relief items into Gaza, where Israel has cut off most water as well as food, power and fuel supplies.

Erdogan submits Sweden’s NATO bid to Turkish parliament

Turkey and Hungary are the only NATO members yet to ratify Sweden's membership request, which came after Stockholm dropped its...
  • NATO chief Jens Stoltenberg on Monday urged a quick vote by Turkey's parliament to approve Sweden's membership.
  • Erdogan has put pressure on Sweden to take measures over Quran burnings at protests in the country that have angered many in Muslim countries.

Total of 52 MoUs signed in Saudi-Korean Investment Forum

RIYADH, SAUDI ARABIA – A total of 52 memorandums of understanding (MoUs) were signed at the Saudi-Korean Investment Forum here....
  • The private sector inked 48 MoUs in sectors ranging from transportation, tourism, energy, technology, infrastructure and cybersecurity.
  • The pacts aim to enhance investments between Saudi Arabia and South Korea which reflect the efforts towards collaboration between the two nations.

Over 5,000 Palestinians killed in relentless Israeli bombardments

There have also been increasing cross-border exchanges of fire along Israel's northern border with Lebanon, between Israeli troops and Hezbollah,...
  • Gaza's Hamas government said Israeli strikes overnight killed more than 60 people, including 17 in a single strike on a house in Jabaliya, in northern Gaza.
  • The United States has vowed to ensure a "continued flow" of relief goods into Gaza, where Israel has cut off most water as well as food, power and fuel.

GCC unified tourist visa to be introduced within 2 years, says UAE minister

ABU DHABI, UAE – Emirati Minister of Economy Abdullah bin Touq Al Marri has announced that the Gulf Cooperation Council...
  • The new visa will open doors to travelers, granting them access to six countries under a single, unified tourist visa.
  • The minister said the UAE is getting ready to welcome the new flow of international tourists with the new unified visa.

China’s Middle East envoy to arrive in UAE for talks: foreign ministry

Washington has said it hopes China's friendship with Hamas-backer Iran could help calm the conflict, particularly after Beijing brokered a...
  • Zhai Jun began his tour of the Middle East last week, first visiting Qatar and meeting with the Gulf Nation's foreign minister as well as his Russian counterpart on Thursday
  • China's Middle East envoy will land in the UAE on Monday and will take part in a symposium on China-UAE relations, Beijing's foreign ministry spokesperson Mao Ning said

Biden discusses Mideast war with Western allies: White House

The White House statement the Western leaders voiced commitment to coordinate "to ensure sustained and safe access to food, water,...
  • Biden spoke with the leaders of Britain, Canada, France, Germany and Italy, the White House said in a statement
  • The leaders discussed their own citizens trapped in the Israel-Hamas war, "in particular those wishing to leave Gaza"

EU to debate Gaza truce call as top diplomat urges more aid

Describing the entry of a few dozens trucks of humanitarian aid into Gaza from Egypt as "not enough", EU foreign...
  • Borrell said the bloc was debating calling for a "humanitarian pause" in Israel's conflict with Hamas
  • The 27-nation EU bloc has long been split over its policy on Israel and the Palestinians

Paris crowd calls for end of ‘massacre’ in Gaza

Around 40 organizations joined the rally, including Heilbronn's as well as the Jewish French Union for Peace and an association...
  • "Israel assassin, Macron complicit" and "No peace without decolonisation" were among the slogans at the demonstration in the Place de la Republique square in eastern Paris
  • Police said they made ten arrests at what was the first pro-Palestinian rally in the capital that had not been banned by the police because of security fears

Ukraine hails ‘real progress’ in Zelensky’s talks with US envoys to end the war with Russia

Kyiv's negotiator Rustem Umerov wrote on social media that the marathon diplomacy in the German capital had been "constructive and...

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Father of six killed ‘for piece of bread’ during Gaza aid distribution

Cries of grief echoed across southern Gaza's Nasser Hospital Monday as dozens came to mourn Hossam Wafi, after the father...

UN chief calls for probe into deaths near Gaza aid site

Gaza's civil defense agency said Israeli gunfire killed at least 31 people and wounded 176 near the aid distribution site...

Hey chatbot, is this true? AI ‘factchecks’ sow misinformation

Washington, United States -- As misinformation exploded during India's four-day conflict with Pakistan, social media users turned to an AI chatbot...

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Russia, Ukraine head to Istanbul for fresh peace talks

Russian and Ukrainian officials will meet Monday in Istanbul to exchange their plans for how to end the three-year war,...
  • Urged on by US President Donald Trump, Moscow and Kyiv have opened direct negotiations for the first time since the early weeks of Russia's invasion
  • Russia says it will present a "memorandum" of its peace terms, having resisted pressure by Ukraine to send its demands in advance

Gaza rescuers say 31 killed near a US-backed aid site, Israel denies involvement

Israel has faced growing condemnation over the humanitarian crisis in the war-ravaged Gaza Strip, where the United Nations has warned...
  • Israel has faced growing condemnation over the humanitarian crisis in the war-ravaged Gaza Strip
  • UN has warned the entire population faces the risk of famine after no aid was allowed to enter for more than two months

Egypt unveils plan for new desert city in latest megaproject

The new city, named Jirian meaning "Flow" in Arabic, is part of Egypt's Nile Delta scheme, a massive agricultural initiative...
  • The project is the latest in a string of megaprojects launched by President Abdel Fattah al-Sisi in recent years, including a new administrative capital east of Cairo.
  • The project will feature luxury residences, 80-storey skyscrapers, international universities and hospitals, an eco-friendly hotel and commercial zones.