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.

Iran plays down football spat with Saudi Arabia, says ties improving

Tehran, Iran - Iran's top diplomat on Wednesday played down a spat with Saudi Arabia that prompted the cancelation of an...
  • Al Ittihad had refused to take to the pitch for their away game against Iran's Sepahan FC in protest at the statue of assassinated Revolutionary Guards commander Qasem Soleimani.
  • The Asian Football Confederation later confirmed that the fixture had been cancelled "due to unanticipated and unforeseen circumstances".

UAE and Brazil discuss boosting trade, energy, strategic ties

Brasilia, Brazil-- The UAE and Brazil have explored opportunities to develop cooperation in trade, energy and climate issues in a...
  • The two ministers touched on bilateral relations and ways to promote them as part of the strategic partnership between the two countries
  • They also discussed the cooperation between the UAE and Brazil within the framework of BRICS following the UAE joining the bloc

Jazan City for Primary and Downstream Industries exports first shipment to US

JAZAN, SAUDI ARABIA - The Jazan City for Primary and Downstream Industries has marked a significant milestone with the departure...
  • The ship is laden with 37,000 tons of iron steel foundry product, representing the first-ever production of this commodity within the Kingdom.
  • The city's port has extensive capabilities and advanced logistical transportation services, making it a hub for trade exchanges in Saudi Arabia.

Yemen economy tanks as peace talks make no headway, say NGOs

"While economic challenges are rife across the country, rising inflation and the deterioration of public services are making life unbearable,"...
  • Power cuts in Aden can last 17 hours a day and more than 50 percent of households in government-held areas cannot meet basic food requirements.
  • The World Food Program warned in August that more than four million Yemenis would receive less food assistance from the end of September.

Qatar begins construction on North Field gas expansion

RAS LAFFAN, QATAR - Qatar's state-owned energy giant began construction on Tuesday on a project to expand production from the world's...
  • There has been mounting demand for Qatari gas as European consumer nations have scrambled to replace lost Russian deliveries.
  • Qatari Energy Minister Saad al-Kaabi called the project a "leap towards our country's leadership in the field of energy".

Countries pledge to raise $12 billion to help coral

The pledge comes with coral around the world under particularly acute stress because of record warm seas this year.
  • Marine heatwaves -- episodes of abnormally high water temperatures -- have become more frequent and intense.
  • Oceans have absorbed 90 percent of the excess heat produced by human activity since the dawn of the industrial age, according to scientists.

Turkey arrests dozens in raids after Ankara attack

The raids across a swathe of Turkey's predominantly Kurdish southeast came two days after a branch of the PKK --...
  • Interior Minister Ali Yerlikaya said security services had detained 67 "terrorist organization members" across 16 provinces
  • Turkey on Sunday also launched air strikes against suspected PKK rear bases in the mountains of northern Iraq

‘Left to die’: report exposes horrors at Syria army hospital

Sick prisoners sent from detention facilities to the capital's Tishreen Military Hospital for treatment rarely received any medical attention, according...
  • The latest ADMSP report is based on interviews with 32 people including former detainees, security personnel and medical staff, as well as leaked documents
  • According to the report, inmates who died in custody from torture or poor conditions, particularly at Sednaya, were taken to the Tishreen hospital and then to "mass graves"

Growing IT outlays intensify MENA’s transformation

The region's IT spending is set to rise by 4% to $183.8 billion in 2024, with software and IT services...
  • The region's IT spending is projected to rise by 4% to $183.8 billion in 2024, with software and IT services witnessing double-digit growth
  • This surge aligns with the MENA region's push for digital transformation, enhanced cybersecurity, and a focus on generative AI initiatives

EU seeks to protect sensitive tech from Chinese buyers

Brussels is creating a trade armory to protect the bloc from actions by rival countries, including a tool aimed at punishing...
  • EU Commission will publish a list of critical technologies it believes Europe must not make easily available to others
  • MEPs will also quiz the commission about the EU's relations with China after a visit by trade commissioner to China

Trump pushes Ukraine to accept his plan for ending the war ahead of Nov 27 deadline

"He'll have to like it, and if he doesn't like it, then you know, they should just keep fighting," Trump...

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Morocco to reopen embassy in Syria after Assad fall

Morocco said Saturday it will reopen its embassy Damascus, closed since 2012, signalling renewed support for Syria after the overthrow...

A day after first direct talks between officials, Kremlin says Putin-Zelensky meeting possible only after pact

The Kremlin said Saturday a meeting between Russia's Vladimir Putin and Ukraine's Volodymyr Zelensky would be possible only after both...

Arab summit presses for end to Gaza ‘bloodshed’ as Israel launched an expanded military offensive

Arab leaders meeting Saturday at a summit in Baghdad urged the international community to press for a Gaza ceasefire, as...

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Trump reshapes US Mideast policy. Can deals work instead?

The Israeli military said Saturday it had launched "extensive strikes" as part of a fresh offensive in Gaza, after rescuers...
  • Trump vowed during his swing through Saudi Arabia, Qatar and the United Arab Emirates that there would be no more "lectures on how to live."
  • In an extraordinary rupture with his predecessors, Trump then lambasted what he called the "neo-cons" that oversaw bloody US military interventions in the region

Arab League to meet in Baghdad to discuss regional crises, key leaders may give it a miss

The Arab League is meeting in Baghdad on Saturday to discuss Gaza and other regional crises, but some key leaders...
  • The war in Gaza is expected to dominate the agenda, especially after Israel approved plans to expand its offensive and spoke of the "conquest" of the territory
  • United Nations chief Antonio Guterres will attend the summit, and Spanish Prime Minister Pedro Sanchez is expected to address it as a guest

Israel launches ‘initial stages’ of new Gaza operation, threatens Huthi leaders after striking Yemen ports

The operation is part of "the expansion of the battle in the Gaza Strip, with the goal of achieving all...
  • The offensive, known as "Operation Gideon's Chariots", comes as Israel faces pressure to lift a sweeping aid blockade in return for a US-Israeli hostage released by Hamas
  • Israel resumed its military offensive in Gaza on March 18 after a two-month truce in its war against Hamas, triggered by an attack by the Palestinian group in October 2023