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.

Outrage, condemnation over deadly Gaza hospital strike as Russia, UAE call for UNSC meeting

The 57-member Organisation of Islamic Cooperation denounces Israel's backers for granting the country "impunity in its war in Gaza, taking...
  •  The OIC Secretary-General held the Israeli occupation fully responsible for the consequences of its "crimes" and "terrorist practices"
  • GCC statement said that targeting the hospital is glaring evidence of the serious violations by the Israeli occupation forces who do not recognize international conventions

Neighboring nations fear repercussions of Gaza conflict

As Israel advises around 1.1 million residents of northern Gaza Strip to evacuate, concerns grow about the potential ripple effects...
  • With Israel advising a significant portion of Gaza's population to evacuate, the potential repercussions on neighboring Lebanon, Jordan and Egypt are being gauged
  • As the situation unfolds amid the Middle Eastern conflict, the strategies and stances of key players, including Lebanese Hizbollah and Hamas, come to the forefront

Emirati investments in Turkey reach $5.6 billion in 2022

ABU DHABI, UAE – Ahmet Burak Daglioglu, Head of the Investment Office of the Turkish Presidency, said that the cumulative...
  • UAE currently stands as Turkey's 13th largest trade partner for exports and the 15th largest for imports.
  • From 2014 to 2022, the total foreign direct investment from Turkey to the UAE amounted to approximately $1.1 billion

Markets fall as Biden set for Middle East diplomacy drive

US and European stock markets mostly fell and oil prices rose as US President Joe Biden prepared for a trip...
  • Wall Street opened in the red, with the tech-heavy Nasdaq shedding more than one percent, while Frankfurt and Paris fell 0.6 percent afternoon deal.
  • "Understandably, not many people are in the mood to put their hard-earned cash at risk in these uncertain economic times," said an expert.

Tech summit in disarray after organizer’s Israel comment

Paris, France - Several technology industry leaders have decided to boycott one of the sector's biggest annual events after the organizer...
  • "War crimes are war crimes even when committed by allies, and should be called out for what they are," Cosgrave wrote on October 13
  • Cosgrave also said that Israel should adhere to the Geneva Conventions, "ie, not commit war crimes"

Israel bombs hospital in Gaza, hundreds killed: Health Ministry

The health ministry of the besieged enclave said between 200 and 300 people displaced by 10 days of heavy bombardment...
  • Separately, the UN agency supporting Palestinian refugees said six people were killed when one of its schools sheltering displaced families was hit during Israeli strikes.
  • Palestinian president Mahmud Abbas declares three days of mourning after the "hospital massacre" in Gaza.

Hamas says one of top commanders killed in Israel strike

Hamas attacked Israel on October 7 and left over 1,400 people dead and triggered Israeli retaliatory strikes on Gaza where...
  • Palestinian group Hamas said that one of the top leaders of its armed wing was killed during an Israeli strike in the Gaza Strip.
  • Confirming his killing, the Israeli military described Ayman Nofal as "one of the most dominant figures" in Hamas.

First group of evacuees from Israel aboard US ship lands in Cyprus

Nicosia, Cyprus - A first group of evacuees from Israel arrived in Cyprus on Tuesday aboard a US-chartered cruise ship as...
  • The 159 evacuees on board the Royal Caribbean cruise ship Rhapsody of the Sea primarily consisted of elderly individuals, families with children and tourists.
  • Cyprus is being used as a safe transfer hub for foreign nationals evacuated from Israel after Hamas' shock October 7 attack, which killed more than 1,400 in Israel.

China envoy seeks Israel-Hamas de-escalation in Middle East trip

Shanghai, China - China will this week weigh into the Israel-Hamas war by sending its special envoy to the Middle East,...
  • Washington says it hopes China's friendship with Hamas backer Iran could help calm the conflict, particularly after Beijing brokered a detente between Tehran and Riyadh.
  • Beijing has historically been sympathetic to the Palestinians, though it has supported the nationalist Palestine Liberation Organization rather than Hamas.

Desperation grows for Gazans seeking respite from Israeli storm

Amira, 44, and her children have moved to the courtyard of the Nasser hospital in the southern district of Khan...
  • "Death might be more merciful," she added. About one million people from northern Gaza have moved to Khan Yunis and other districts to avoid the looming Israeli ground offensive.
  • UNICEF, the UN children's agency, has said that unless water and fuel are sent "immediately", Gaza inhabitants are in "imminent danger" of epidemics and death.

US-Israel-Qatar meeting seeks to salvage Gaza peace deal amid strain over Israeli strike on Doha

Axios also reported White House envoy Steve Witkoff hosted the meeting, with Mossad spy chief David Barnea representing Israel and...

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Global economic outlook worsens, AI emerges as both catalyst and risk

Geneva, Switzerland – The global economic outlook has worsened since the start of the year, as rising economic nationalism and...

US suspends student visa processing in fresh swipe at foreign applicants

President Donald Trump's administration is seeking unprecedented control over leading US universities, including revoking foreign student visas and deporting some...

Iran president in Oman as nuclear talks progress

Iranian President Masoud Pezeshkian on Tuesday began a two-day visit to Oman, which is mediating ongoing nuclear talks between Tehran...

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US-backed group says it has begun aid distribution in Gaza

A controversial US-backed aid group for Gaza announced Monday that it had begun distributing food in the war-ravaged Palestinian territory,...
  • The Gaza Humanitarian foundation (GHF) said in a statement that it commenced operations in Gaza today, delivering truckloads of food to its Secure Distribution Sites
  • The United Nations and international aid agencies have meanwhile said they will not cooperate with the GHF, amid accusations it is working with Israel

Israel strikes Gaza, kills 53 people as Witkoff says Hamas didn’t accept 70-day temporary ceasefire

Hamas said Monday it had accepted a new ceasefire proposal by US envoy Steve Witkoff, presented by mediators, but a...
  • Israel has in recent weeks expanded its offensive in the Gaza Strip, drawing international condemnation as aid trickles in following a monthslong blockade
  • European and Arab leaders meeting in Spain over the weekend called for an end to the "inhumane" war, while humanitarian groups said the trickle of aid was not enough

Iran rejects push to suspend uranium enrichment to reach nuclear deal with US

The issue has come into focus in recent weeks, with Iran staunchly defending its right to enrich uranium as part...
  • The issue has come into focus in recent weeks, with Iran staunchly defending its right to enrich uranium as part of what it says is a civilian nuclear programme
  • The negotiations, which began in April, are the highest-level contact between the two sides since the United States quit a landmark 2015 nuclear accord