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.

American economist Claudia Goldin awarded economics Nobel

The 77-year-old Harvard professor, who is the third woman to be awarded the prestigious economics prize, was given the nod...
  • Goldin said the prize was "important", but there are "still large" gender inequalities on the labor market.
  • Goldin has "trawled the archives and collected over 200 years of data from the US," the jury said.

OPEC sees no peak in global oil demand on the horizon

In its 2023 annual report, the Organization of the Petroleum Exporting Countries forecasts demand for crude to reach 116 million...
  • According to OPEC, whose 13 member states include Saudi Arabia, the Gulf states and Venezuela, oil demand will be driven by emerging and developing nations.
  • OPEC also backed developing technological solutions to reduce emissions, such as carbon capture and storage.

Death toll soars above 1,100 in Israel’s war with Hamas

Caught unawares by the surprise attack, PM Benjamin Netanyahu has warned Israelis to prepare for a "long and difficult war"...
  • At least 413 people have been killed in Gaza in Israeli air strikes on nearly 800 targets in the blockaded and impoverished enclave of 2.3 million people
  • According to the Israel Defense Forces, more than 700 Israelis have been killed since Hamas launched its large-scale attack, the country's worst ever losses

Biden orders ‘additional support’ for Israel: White House

Washington, United States -- US President Joe Biden has ordered "additional support" for Israel after the attack by Palestinian militant group...
  • The announcement came after a senior administration official had said on Saturday that high-level discussions between US and Israeli officials on military aid were already underway
  • Biden and Vice President Kamala Harris were briefed by national security officials on the situation in Israel early Sunday and will continue to receive updates.

Gaza is an impoverished area under Israeli blockade, hit by war

PARIS, FRANCE - The Gaza Strip is an impoverished Palestinian enclave that has been under Israeli blockade since 2007. It is...
  • One of the most densely populated places in the world, Gaza is home to over two million people living on a 362-square-kilometer area.
  • Israel occupied Gaza during the 1967 Six-Day War and it was only fully returned to Palestinians in 2005.

Saudi Arabia, India ink MoU on electrical interconnectivity, green hydrogen

RIYADH, SAUDI ARABIA - India and Saudi Arabia signed a Memorandum of Understanding (MoU) here in electrical interconnection, green/clean hydrogen,...
  • The signing took place during the Middle East and North Africa Climate Week 2023 in Riyadh, Saudi Arabia.
  • The MoU was signed by Saudi Arabia’s Minister of Energy and India’s Minister of Power and New and Renewable Energy.

Two Israeli tourists, one Egyptian killed in Alexandria shooting

The policeman fired "at random" at an Israeli tour group visiting Alexandria using "his personal weapon", the state-affiliated private television...
  • Egypt was the first Arab country to forge a peace deal with Israel in 1979 and has long served as a key intermediary between Israel and the Palestinians.
  • On Saturday, Egypt's President Abdel Fattah al-Sisi warned of a "vicious cycle of tensions threatening regional stability and security".

Major airlines cancel dozens of flights to Tel Aviv

Air France-KLM group's low-cost carrier Transavia announced it was cancelling all flights from Paris and Lyon to Tel Aviv up...
  • At Ben Gurion airport American Airlines, Air France, Lufthansa, Emirates were among those pulling flights
  • But airport authorities did not stop commercial air links with Eilat, Israel's second international airport

MOCCAE and Tadweer sign MoU to launch ‘Waste to Zero’ initiative

Abu Dhabi, UAE -- UAE's Ministry of Climate Change and Environment (MOCCAE) and Abu Dhabi Waste Management Company (Tadweer) have...
  • The initiative is part of the Year of Sustainability and UAE's preparations for hosting the Conference of the Parties COP28.
  • The initiative aims to strengthen the UAE's role in leading global action and contribute to international efforts to achieve the 43% emission reduction target by 2030.

Israel-Hamas conflict intensifies as Hizbollah joins in

World calls for restraint as Palestinian death toll reaches 370 and Israeli casualties cross 600, prompting Netanyahu to warn of...
  • World calls for restraint as Palestinian death toll reaches 370 and Israeli casualties cross 600, prompting Netanyahu to warn of a "long and difficult" battle against Hamas.
  • Lebanon's Hizbollah attacks from the north, supporting Hamas, while Israel strikes 426 Hamas locations, including tunnels and infrastructure, intensifying the conflict

Trump sends Witkoff to Moscow in hopes of finalizing Ukraine deal

An initial US plan which was heavily weighted in Russia's favor has been replaced by one taking in more of...

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Israeli ‘warning’ fire at diplomats sparks outcry amid Gaza pressure

EU foreign policy chief Kaja Kallas urged Israel to hold to account those responsible for the shooting near Jenin, a...

Oil prices jump on report of Israel prepping Iran strike

Both main crude contracts jumped around one percent after CNN reported multiple US officials as saying the government had received...

Iran says talks with US unlikely to ‘lead to any outcome’

US Secretary of State Marco Rubio said that Iran could have civilian nuclear power while importing enriched uranium but that...

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US asking countries for ‘voluntary’ Palestinian relocation: Rubio

Israel has again warned the population of Gaza -- nearly entirely displaced since the war broke out over the October...
  • President Donald Trump has repeatedly mused about displacing Gaza's two million people to make way for reconstruction.
  • Responding to a question in testimony to the Senate Foreign Relations Committee, Rubio said: "There's no deportation."

UK halts trade talks with Israel, summons envoy over Gaza

Foreign Secretary David Lammy accused Israeli Prime Minister Benjamin Netanyahu's government of "egregious actions and rhetoric" over its expansion of...
  • Lammy said Britain "cannot stand by in the face of this new deterioration" in Gaza and was pausing negotiations with Israel on a new free-trade agreement.
  • Israel was the country's 44th-largest trading partner last year, with the two countries exchanging 5.8 billion pounds ($7.8 billion) in goods and services.

Israel will ‘take control of all’ of Gaza, says Netanyahu as WHO warns of famine risk

After more than two months of a total blockade, the World Health Organization issued a stark warning on the humanitarian...
  • In southern Gaza, the Israeli military issued an evacuation call to Palestinians in and around Khan Yunis city ahead of what it described as an "unprecedented attack".
  • Two million people are "starving" in the Gaza Strip, with the deliberate blocking of aid driving up the risk of famine, the World Health Organization chief warned.