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.

Google denies removing W.Sahara border for Morocco users

The dotted lines illustrating the border between Western Sahara and Morocco, indicating the former's disputed territory status, have never been...

Jailed Tunisia opposition chief Rached Ghanouchi begins hunger strike

The 82-year-old leader of Ennahdha was sentenced to one year in prison on terrorism-related charges in May following his arrest...
  • He is the most prominent of roughly two dozen opponents of President Kais Saied arrested since February, including former ministers and business figures.
  • Ghannouchi "decided to begin a three-day hunger strike to denounce the arbitrary and unfounded prosecution of the opposition", said Imed Khemiri, Ennahdha spokesman.

Politicians fail to understand scientific facts of climate, says expert

PARIS, FRANCE - Wavering ambition by governments and a growing belief that science is politically subjective are great causes for concern...
  • Several extreme weather events have occurred in 2023, which the European Union's climate monitor says is likely to be the hottest in human history.
  • These underscores the urgency of slashing planet-heating greenhouse gas emissions to avert the catastrophic impacts of greater global warming.

US State Department says 60,000 emails taken in alleged Chinese hack

State Department spokesman Matthew Miller said that the State Department has not formally assigned blame but had no reason to...
  • Microsoft revealed in July that a Chinese hacking group had breached its email platform and accessed messages from around 25 organizations including US government agencies
  • "It was approximately 60,000 unclassified emails that were exfiltrated as a part of that breach," State Department spokesman Matthew Miller told reporters

US and India discuss India-Middle East-Europe Economic Corridor

Washington, United States - US Secretary of State Antony Blinken and India’s External Affairs Minister S Jaishankar held discussions in...
  • The corridor comprises two separate routes: the East corridor connecting India to West Asia/Middle East and the Northern corridor connecting West Asia/Middle East to Europe
  • A critical component of this initiative is a rail line that, upon completion, will establish a reliable and cost-effective cross-border ship-to-rail transit network

East Libya strongman in Moscow talks with Putin

Haftar, who sponsors a rival administration to Libya's UN-backed government in Tripoli, has long cultivated close relations with Moscow and relies...
  • Kremlin spokesman Dmitry Peskov confirmed Haftar's meeting with Putin, saying the two discussed the situation in Libya and the region as a whole
  • The eastern strongman, who arrived in Moscow on Tuesday, had already held talks with Deputy Defense Minister Yunus-Bek Yevkurov during his visit

China wants to be world’s strongest nation, says Blinken

WASHINGTON, US  - China is seeking to surpass the United States as the top power in the world, US Secretary of...
  • Asked at a forum about China's intentions, Blinken said, "I think that what it seeks is to be the dominant power in the world -- militarily, economically, diplomatically".
  • President Joe Biden's administration, while saying it is clear-eyed on China and stepping up pressure, has also been increasing dialogue in hopes of managing tensions.

UAE Council review cybersecurity in Jordan summit

Amman, Jordan - The UAE Cyber Security Council discussed cybersecurity in the inaugural Jordan Cyber Security Summit 2023, known as...
  • The DOT Cyber Summit 2023 explored issues related to cyber policies and strategies, international issues related to cyber risks and threats faced by countries.
  • This includes mechanisms for addressing and combating their spread, and reviewing the experiences of countries and their progress in the field of cyber security.

EU close to ratify new deal on asylum seeker and migrants

Part of the aim of the revised policy is for European Union countries to act together should they be faced...
  • Once implemented, the new Pact on Migration and Asylum would seek to relieve the pressure on so-called frontline countries such as Italy and Greece.
  • Those countries opposed to hosting asylum-seekers -- Poland and Hungary among them -- would be required to pay the ones that do take migrants in.

UAE, Egypt central banks ink currency swap deal

ABU DHABI, UAE - The Central Bank of the UAE (CBUAE) and the Central Bank of Egypt (CBE) on Thursday...
  • The CBUAE is keen to deepen its cooperation with the CBE to positively impact the trade and investment, said the Governor of UAE’s central bank.
  • This step will bolster cooperation between the financial sectors in both the currencies, said the Governor of Egypt’s central bank.

Israel sells Arrow 3 missile defense system to Germany for US$3.5bn

TEL AVIV, ISRAEL - Israel's US$3.5-billion sale of its Arrow 3 missile defense system to Germany, sparked by security fears after...
  • Israeli arms exports reached a new record of $12.5 billion dollars last year, double the amount from three years earlier, says its defense ministry.
  • Israel, together with its top ally the United States, has developed hi-tech systems designed to knock incoming rockets and missiles out of the sky.

UN Security Council votes for international force for Gaza, path to a future Palestinian state

Trump posted on social media that the vote "acknowledging and endorsing the BOARD OF PEACE, which will be chaired by...

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Ukraine, Russia to hold first direct talks since 2022

War rivals Ukraine and Russia are set to go into their first direct talks in more than three years on...

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...

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...

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Trump presses Syria leader on Israel after lifting sanctions

US President Donald Trump landed in Doha Wednesday after visiting Riyadh, where he urged Syria's president to normalise with Israel...
  • Trump became the first US president in 25 years to meet a Syrian leader -- Ahmed al-Sharaa, an erstwhile Islamist guerrilla and jihadist who had been on a US wanted list
  • Turkey and Saudi Arabia both advocated reconciliation with Syria, but the move is the latest to put Trump at odds with Israel, which has expressed deep scepticism of Sharaa

Trump welcomed grandly as Saudis invest big in US arms

Under imposing chandeliers, Trump welcomed a promise by Crown Prince Mohammed bin Salman, who effectively rules the kingdom due to...
  • The White House said that Saudi Arabia would buy nearly $142 billion in weapons in what it described as the largest-ever weapons deal
  • The US leader will also visit Qatar and the United Arab Emirates, fellow oil-rich Arab monarchies with long-standing ties to the United States, and to Trump

Ocalan: founder of the PKK who authored its end

Abdullah Ocalan, the jailed founder of the militant Kurdistan Workers' Party (PKK), is an icon to many Kurds but a...
  • After a decades-long insurgency against Turkey that resulted in tens of thousands of deaths, the PKK said on Monday it was disbanding and ending its armed struggle
  • The move came after Ocalan issued a historic call on February 27 for his fighters to lay down their arms in a major step towards ending the decades-long conflict