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.

Gulf Common Market aims for economic unity by 2025

The bloc's initiative aims for a customs union by 2024, fostering competition and ensuring the smooth flow of goods between...
  • The bloc's initiative aims for a customs union by 2024, fostering competition and ensuring the smooth flow of goods between Gulf countries through joint economic action
  • Additionally, the Gulf Common Market will also contribute to regional political stability, bolstering military cooperation and enhance tourism and investments in the region

A ‘new front’ in Hamas war depends on Israel’s actions, says Iran

Speaking from Beirut's airport, the top diplomat said that Iran's regional allies, known as the "axis of resistance", could respond...
  • Although Tehran has been a long-term backer of Hamas, Iranian officials have been adamant that the country had no involvement in the Hamas attack
  • Nevertheless, the United States fears the opening of a second front on Israel's northern border with Lebanon if Hezbollah were to intervene

Egypt receives humanitarian aid bound for Gaza

Cairo, Egypt- The first shipment of humanitarian aid arrived in Egypt's Sinai on Thursday from Jordan, state-affiliated media reported, to be...
  • El-Arish airport, 30 miles away from the Rafah border crossing into Gaza, "has been designated by Egyptian authorities to receive international humanitarian aid.
  • It was not immediately clear when the aid would arrive in Gaza, after three Israeli air strikes on the Rafah border crossing resulted in its closure.

Israel-Hamas war a ‘new cloud’ over world economy, says IMF

Marrakesh, Morocco-- The war between Israel and Hamas has cast a shadow over the IMF-World Bank annual meetings in Morocco, with...
  • IMF Managing Director Kristalina Georgieva said the International Monetary Fund was "very closely monitoring how the situation evolves" and how it is affecting oil markets
  • She said it was "too early" to assess the impact of the conflict, but "this is a new cloud on not the sunniest horizon for the world economy -- new cloud, darkening this horizon

Countries evacuate citizens as Israel-Hamas war rages

Thousands of foreigners are stuck in Israel and across the Palestinian territories, where a full-blown war has erupted since Hamas...
  • Argentina, the Latin American country with the largest Jewish population, on Tuesday started evacuating over 1,200 of its citizens from Israel.
  • "Around 4,500 German citizens" have registered on a list seeking help to return, a foreign ministry source said.

Blinken to visit Saudi Arabia, Egypt and UAE on Israel war

The three countries are additional stops on his visit that included meetings with King of Jordan and Mahmud Abbas. Blinken...
  • Israeli strikes knocked Syria's airports in Damascus and Aleppo, both controlled by the Syrian government, out of service.
  • Gaza is being pounded every 30 seconds by Israeli strikes; a total of 4,000 tons of explosives has rained on the besieged territory.

Risk of oil supply disruptions due to Hamas-Israel conflict limited: IEA

The Paris-based agency, in addition to its analysis and advisory roles, coordinates the release of emergency stocks held by its...
  • Oil prices jumped at the start of the conflict but have since eased as there was no immediate disruption to supply flows and other nations have not intervened.
  • Yet prices remain relatively high thanks to supply cuts by Saudi Arabia and Russia, with the IEA also warning it was beginning to see signs of demand destruction.

X rebuffs EU disinformation claims on Israel-Hamas violence

EU internal market commissioner Thierry Breton raised the alarm in letters sent to Musk and Mark Zuckerberg, whose Meta group...
  • The firm's CEO wrote in a letter dated Wednesday that the platform had "taken action to remove or label tens of thousands of pieces of content" related to Israel and Hamas war.
  • The letter was addressed to EU internal market commissioner Thierry Breton, who had personally criticized Musk on social media on Tuesday, sparking a public clash between the two.

US to place second aircraft carrier in Mediterranean: White House

Washington, United States -- The second American aircraft carrier, the Dwight Eisenhower, will be placed in the Mediterranean Sea, coordinator...
  • "We’re sending a loud and clear message: The US is ready to take action should any actor hostile to Israel consider trying to escalate this war," said John Kirby.
  • Tensions flared up again in the Middle East on October 7 when Hamas attacked Israeli territory from the Gaza Strip.

Iran calls on Islamic, Arab countries to confront Israel

Hamas's weekend onslaught saw hundreds of fighters cross into the Israeli border in vehicles, by air and by sea, killing...
  • Raisi stated that in order to stop the "genocide of the Palestinians by the Zionists", Iran will coordinate with Islamic countries "as soon as possible"
  • During his call with Assad, Raisi also lashed out at Arab countries that have recently normalized or are in discussion to establish ties with Israel

Hezbollah says has ‘right’ to respond to Israel’s killing of military commander

Hezbollah's leader on Friday said the group had the right to respond to Israel's assassination of its top military chief...

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Palestinian faction chiefs quit Damascus amid pressure

The leaders of pro-Iran Palestinian factions close to former ruler Bashar al-Assad have left Syria under pressure from the new...

Antonio Guterres denounces ‘cruelest phase’ of Gaza conflict

"For nearly 80 days, Israel blocked the entry of life-saving international aid," Guterres said. "The entire population of Gaza is...

Global anti-malware crackdown leads to 20 arrest warrants, Europol says

Authorities took down more than 300 servers worldwide, neutralized 650 domains and seized 3.5 million euros ($3.9 million) in cryptocurrency,...

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Israeli director Nadav Lapid decries ‘blindness’ over Gaza

Cannes, France - Director Nadav Lapid said his new film "Yes" about a musician asked to re-write the Israeli national...
  • Lapid has previously dissected his country's ills in "Synonyms", which won the Golden Bear in Berlin in 2019, and "Ahed's Knee" (2021)
  • In "Yes", he portrays a society buried under its own "dark side" since Palestinian militants Hamas attacked Israel on October 7, 2023

Why Israel gets support from central, eastern Europe

Their solidarity came to the fore on Wednesday, when Austria and Germany broke ranks with European Union peers to argue...
  • EU diplomats have said 17 of the bloc's 27 nations wanted to re-examine the pact, which has been in force for 25 years, to pressure Israel over its war in Gaza.
  • But Austria and Germany broke ranks with European Union peers to argue against a review ordered by Brussels of an EU-Israel cooperation deal

Iran, US to hold new round of nuclear talks in Rome

The talks, which began in April, are the highest-level contact between the foes since the United States quit the 2015...
  • Since returning to office, Trump has revived his "maximum pressure" campaign on Iran, backing talks but warning of military action if diplomacy fails
  • US envoy Steve Witkoff said Washington "could not authorise even one percent" enrichment -- a position Tehran called a red line, citing its rights under the NPT