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.

Second Israeli minister in Saudi Arabia amid talk of normalization

Amid mounting speculation that Saudi Arabia and Israel will normalize ties, the minister traveled to Riyadh for a meeting of...
  • Shlomo Karhi is heading a 14-member delegation, including lawmaker David Bitan and representatives of the foreign ministry
  • The White House said last week that Saudi Arabia and Israeli were moving towards the outline of a deal to normalize ties

GCC FTA, tech MoU enhance Pakistan-Saudi relations

In landmark developments, Saudi Arabia and Pakistan have taken significant strides to enhance their bilateral relations, especially in the economic...
  • In landmark developments, Saudi Arabia and Pakistan have taken significant strides to enhance their bilateral relations, especially in the economic and technological arenas.
  • The GCC and Pakistan signed a historic Free Trade Agreement and MoU, deepening bilateral relations between the two nations from trade to digital transformation and defense

Dubai must possess its distinct emblem, says new decree

Dubai, UAE - Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, issued Law No....
  • The law says emblem can be utilized across various government facilities, documents, websites, and during government events
  • Private entities may also utilize it, provided they obtain prior approval from the Dubai Ruler or his representative

Oil industry is an integral part of climate solutions, says COP28 head

President of the upcoming COP28 climate talks Sultan Al Jaber, also the head of UAE state-owned oil firm ADNOC, told...
  • The president of the upcoming COP28 urged oil industry leaders to curb emissions associated with energy production.
  • He also encouraged them to embrace "low carbon solutions" like carbon capture and storage,

mRNA COVID vaccine experts awarded Nobel Medicine Prize

Kariko, 68, and Weissman, 64, longstanding colleagues at the University of Pennsylvania in the US, have won a slew of...
  • While the prizewinning research dates back to 2005, the first vaccines to use the mRNA technology were those made by Pfizer/BioNTech and Moderna against Covid-19.
  • The mRNA vaccines, together with other COVID vaccines "have saved millions of lives and prevented severe disease in many more," the jury said

Iran says it opposes ‘geopolitical changes’ in Caucasus

Foreign ministry spokesman Nasser Kanani, while voicing support for Azerbaijan's reclamation of the separatist Nagorno-Karabakh region last month, said Tehran...
  • Relations between Baku and Tehran have been traditionally sour, as Turkic-speaking Azerbaijan is a close ally of Iran's historical rival Turkey.
  • Nakhchivan does not share a border with Azerbaijan but has been tied to Baku since the 1920s -- and is located between Armenia, Turkey and Iran.

At least 38 injured in police HQ fire in Egypt’s Ismailia

Flames raged through the multi-storey building that was completely obscured by a massive cloud of smoke before the blaze was...
  • Interior Minister ordered an investigation into the causes of the fire, as well as a "structural safety review" for the building
  • The health ministry deployed 50 ambulances to the scene, which were joined by military emergency services including two planes

UAE Vice-President wishes China in Chinese on National Day

Dubai, UAE - Vice-President and Prime Minister of the UAE Sheikh Mohammed bin Rashid Al Maktoum on Sunday shared a...
  • In a video message, Sheikh Mohammed, who is also ruler of Dubai, highlighted the historical connection between the region and China
  • Recalling his visits to China, the UAE Vice President said: "I visited China three times in a year. I like the country and I like its people."

Turkey pounds PKK bases in Iraq after Ankara bombing

In the wake of the bombing, Turkish President Recep Tayyip Erdogan had already vowed that "terrorists" would never achieve their...
  • On Sunday evening, an official in Iraqi Kurdistan reported Turkish army planes bombing parts of the Bradost region
  • Turkey's defense ministry acknowledged an "air operation" in Iraq, adding "20 targets used by terrorists" had been destroyed

Iraq and Iran review implementation of security agreement between two countries

Tehran, Iran--Iraq and Iran have reviewed the implementation of the security agreement in a meeting between the secretary of Iran's...
  • Qasim al-Araj, Iraq's NSA, arrived in Tehran on Sunday and held discussions with General Ali-Akbar Ahmadian, the secretary of Iran's Supreme National Security Council (SNSC)
  • The agreement guarantees the security of the borders of the two countries, affording a road map to eliminate the insecure components in the region

Iran says no access to bombed nuclear sites without IAEA deal

Iran's Foreign Minister Abbas Araghchi said that the UN's nuclear watchdog would not be given access to Iranian nuclear sites...

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Moody’s downgrades US credit rating on rise in govt debt

Moody's on Friday downgraded the United States's credit rating from the top triple-A level, citing rising levels of government debt...

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...

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...

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No Israel stop for Trump on Mideast tour shows shifting ties

Jerusalem, Undefined -- US President Donald Trump's decision to skip over Israel in his Middle East tour was just the...
  • The United States in early May sealed a ceasefire with Yemen's Houthi rebels that has left Israel out of the picture.
  • The deal was announced just hours after a missile fired by the rebels landed within the perimeter of Tel Aviv's international airport, leading to the cancellation of flights.

World Bank announces plans to restart Syria operations

Washington, United States -- The World Bank on Friday said it would restart operation in Syria following a 14-year pause,...
  • The Bank's operation in Syria were halted when the civil war broke out in 2011, preventing the country from gaining access to its development loans, grants, and technical expertise
  • Earlier this week, Saudi Arabia and Qatar paid off Syria's outstanding debts of around $15.5 million to the Washington-based institution.

Gaza strikes kill 120 as Hamas says aid entry ‘minimum requirement’ for talks

Aid to Gaza has been cut off since March 2, a tactic Israel has said is intended to force concessions...
  • Hamas warned that Gaza was not "for sale" hours after Donald Trump, on a visit to the region, again floated taking over the territory and turning it into "a freedom zone.'
  • Israel's aid blockade preceded a resumption of military operations on March 18, ending a ceasefire that had largely halted hostilities since mid-January