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.

Israel, Saudi moving towards ‘framework’ for deal: US

According to National Security Council spokesman John Kirby, a basic framework has been hammered out by all sides that could...
  • The kingdom's Crown Prince Mohammed bin Salman recently said that the two sides were getting closer to a deal
  • Saudi Arabia has been seeking security guarantees, including reportedly a treaty, with the United States in return

BRICS group poised to shape global economy’s future

“This potential is further amplified by its vast human resources, and cutting-edge technological and industrial capabilities,” he adds, emphasizing that...
  • BRICS, representing one-third of the world's total GDP, has immense potential to tackle global challenges like climate change and energy security
  • The UAE prioritizes diplomatic efforts for regional and global stability, with initiatives such as the Abraham Accords and Human Fraternity Document

US to auction three new oil and gas leases in the Gulf of Mexico

WASHINGTON, US - President Joe Biden's administration on Friday announced it would auction three new oil and gas leases in the...
  • The move triggered a furious reaction from environmental groups who said the move would accelerate climate change.
  • The action was denounced by advocates of the fossil fuel industry as it reduced the number of lease sales planned by previous US administration.

1bn tons of food wasted every year while 783m people face hunger: FAO

Rome, Italy - The UN Food and Agriculture Organization (FAO) and the UN Environment Program (UNEP) said one billion tons...
  • The agencies said that stopping food loss and waste boosts food security, saves resources and helps reduce our carbon footprint.
  • Both the bodies called for urgent action from the public and private sector as well as consumers to save and preserve food

India space chief unfazed by Moon mission’s apparent end

New Delhi, India - As hopes dim of further contact with India's Moon rover, the country's space chief has said he...
  • Rover Pragyan -- "Wisdom" in Sanskrit -- surveyed the vicinity of the Moon's south pole but was powered down before the start of lunar night
  • "It is OK if it does not wake up because the rover has done what it was expected to do," ISRO chief S. Somanath told reporters late Wednesday

Four more officials held after Libya flood disaster

Benghazi, Libya - Libya's prosecutor general has ordered the arrest of four more officials, bringing to 12 the number held as...
  • The four additional suspects, including two members of the Derna municipal council, were arrested for suspected mismanagement
  • Flooding caused by hurricane-strength Storm Daniel tore through eastern Libya on September 10, leaving at least 3,893 people dead

Women play ‘prominent’ role as hundreds protest in Syria

Peaceful protests have swept Sweida province, the heartland of the country's Druze minority, since President Bashar al-Assad's government ended fuel...
  • An activist and a witness told AFP that between 2,000 and 2,500 people took part in Friday's protests, some chanting anti-government slogans and waving Druze flags.
  • Protests against deteriorating economic conditions have erupted sporadically in the province in recent years.

Europe should move faster on energy transition, say IEA, ECB

PARIS, FRANCE - Europe must invest more quickly and massively in its energy transition if it wants to remain a global...
  • Europe must invest more quickly in its energy transition if it wants to remain a global industrial power, top policymakers said.
  • Private sector investment faces barriers including policy uncertainty, bureaucratic red tape and higher energy costs, they said.

Qatar calls for subjecting Israel’s nuclear facilities to IAEA safeguards

Vienna, Austria -- Qatar Friday called for intensifying international efforts to subject all Israeli nuclear facilities to International Atomic Energy...
  • Qatar said this demand was confirmed by international legitimacy resolutions half a century ago, including the resolutions of the United Nations General Assembly since 1974.
  • Qatar said AEA's subjecting Israel to comprehensive safeguards regime is a prerequisite for establishing a nuclear-weapon-free zone in the Middle East.

GCC, Pakistan ink preliminary free trade agreement

RIYADH, SAUDI ARABIA - Secretary-General of the Gulf Cooperation Council (GCC) Jasem Mohamed AlBudaiwi said that preliminary free trade agreement...
  • The agreement was signed by GCC Secretary-General Jasem Mohamed AlBudaiwi and Pakistani Commerce Minister Dr. Gohar Ejaz.
  • The Secretary-General stressed that the GCC countries are proceeding with free-trade negotiations with other countries.

Riyadh, Washington seal major defense agreement amid Saudi push for two-state roadmap before Israel normalization

Saudi Crown Prince said that his kingdom wanted to normalize relations with Israel through US President Donald Trump's Abraham Accords,...

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Gaza air strikes kill over 100 as manhunt unfolds in West Bank

Palestinian rescuers reported more than 100 people killed Thursday in Israeli strikes on blockaded Gaza, where a US-backed organisation said...

Trump says getting close to deal to avoid Iran action

US President Donald Trump said Thursday a deal was close on Iran's nuclear programme that would avert military action, sending...

Warm Trump-Erdogan ties puts Turkey at heart of peace diplomacy

Turkey is deploying all-out diplomatic efforts to secure a Russia-Ukraine deal, to ease Syria's relations with the West and facilitate...

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Trump to close deal-making Gulf tour in UAE, announces big Boeing order for Qatar Airways

US President Donald Trump on Thursday closes a Middle East tour in the United Arab Emirates as he focuses squarely...
  • Trump will fly to the Emirati capital Abu Dhabi after a stop in Qatar, where the president hailed what he said was a record $200 billion deal for Boeing aircraft
  • He started the trip in Saudi Arabia which promised its own $600 billion in investment, including one of the largest-ever purchases of US weapons

Turkey eyes legal steps after Kurdish militant group PKK disbands

Ankara, Turkey - After the decision by the Kurdish militant group PKK to disband, Turkey was eyeing Wednesday a raft...
  • The pro-Kurdish DEM party urged Ankara on Tuesday to take "confidence-building steps" such as freeing political prisoners
  • So far, Turkish officials have said little but the government is working on a proposal that could ease prison sentences in general

Gaza rescuers say 80 killed in Israeli strikes

Gaza rescuers said at least 80 people were killed in Israeli bombardment across the Palestinian territory on Wednesday, as Israeli...
  • AFP footage from the aftermath of a strike in Jabalia, northern Gaza, showed mounds of concrete rubble and twisted metal from collapsed buildings
  • Footage of mourners in the north of the territory showed women in tears as they kneeled next to bodies wrapped in bloodstained white shrouds