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 congratulates Saudi Arabia on national day

JERUSALEM - Israel offered its congratulations to Saudi Arabia on the kingdom's national day on Saturday as the two countries...
  • "We send our sincere congratulations to the king, government and people of Saudi Arabia on the occasion of the 93rd national day," the Israeli foreign ministry said.
  • "May Allah bring you goodness and blessings, security and prosperity with our wishes for an atmosphere of peace, cooperation and good neighborliness," it added in the statement.

Several UAE entities sign pact to implement ‘Sharjah Sat-2’

Sharjah, UAE -- A cooperation agreement was signed between the Sharjah Academy of Astronomy, Space Sciences & Technology (SAASST), the...
  • Sheikh Sultan bin Ahmed bin Sultan Al Qasimi, Deputy Ruler of Sharjah and President of the University of Sharjah (UOS), witnessed the signing.
  • The outcome of this project will help diverse parties in making decisions, developing future plans, and conducting scientific research.

Israeli, Lebanese clash with tear gas on Golan border

JERUSALEM - Israeli and Lebanese troops exchanged tear gas fire on Saturday on a disputed and highly militarised section of...
  • The Israeli army said its troops used "riot dispersal means" to turn around a Lebanese earthmover that had strayed into Israeli-held territory.
  • The Lebanese army said it was the Israeli "enemy" which had violated the demarcation line and fired smoke bombs at its troops escorting the bulldozer.

Lebanon forces rescue 27 Syrian migrants in sinking boat

The navy, with support from the civil defense, "was able to rescue 27 illegal migrants aboard a rubber boat that...
  • Also on Saturday, security forces said they arrested a Lebanese people smuggler and 42 Syrians as he was in a vehicle "filled with a large number of Syrians".
  • Migrants seeking to reach Europe from Lebanon generally head for the east Mediterranean island of Cyprus 175 kilometers (110 miles) away.

Ethiopia resumes Nile dam talks with Egypt and Sudan

Nairobi, Kenya - Ethiopia said Saturday that it has begun a second round of negotiations with Egypt and Sudan over a...
  • Ethiopia this month announced the completion of the fourth and final filling of the Grand Renaissance Dam.
  • Egypt and Sudan fear the massive $4.2-billion dam will severely reduce the share of Nile water they receive.

Pope says migrants not invaders, urges ‘wise foresight’ on issue

Migration is "a reality of our times, a process that involves three continents around the Mediterranean and that must be...
  • The pope's forceful interventions came as the migration debate has been stoked by mass arrivals on the Italian island of Lampedusa earlier this month.
  • A French presidential official said that Macron and the pope had discussed migration in bilateral talks earlier.

Chinese President Xi Jinping declares biggest-ever Asian Games open

Chinese President Xi Jinping opened the 19th Asian Games in a colourful ceremony in Hangzhou, launching a two-week sporting extravaganza...
  • In front of Syrian President Bashar al-Assad and other visiting leaders, Xi officially opened the Games at the 80,000-capacity Hangzhou Olympic stadium.
  • The theme of the ceremony was water and it also celebrated Hangzhou's ancient history and landscape.

Iraqi PM planning to visit Moscow in coming weeks: Foreign Minister

Baghdad, Iraq -- Iraq is working to complete the necessary preparations for the visit of Prime Minister Muhammad Shiaa Al-Sudani...
  • Foreign Minister Fuad Hussein met with his Russian counterpart Sergey Lavrov on the sidelines of UN General Assembly.
  • "The two sides discussed prospects for joint cooperation and developing bilateral relations between the two countries," Iraqi foreign ministry said.

World must understand AI, curb its risk, says UK Deputy PM

NEW YORK, US - The United Kingdom will be holding a summit on artificial intelligence (AI) so that nations can...
  • UK Deputy PM said that a summit, set for November, will aim to preempt the risks posed by frontier AI and explore how it can be used for public good.
  • One of the concerns highlighted by the Deputy Prime Minister is the unprecedented speed at which AI is evolving having far-reaching implications.

UAE, Armenia ink 4 MoUs at joint business forum

YEREVAN, ARMENIA  - Chairman of the Federation of UAE Chambers of Commerce and Industry (FCCI) Abdullah Mohamed Al Mazrouei and...
  • A UAE delegation of around 100 representatives of government and private entities took part in the forum.
  • In the first seven months of 2023, trade between UAE and Armenia was valued at US$870 million.

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...

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India, Pakistan ceasefire holds after early violations

Poonch, India -  A ceasefire appeared to hold on Sunday between India and Pakistan, hours after the nuclear-armed rivals accused...

Iran says nuclear talks ‘difficult but useful’, US ‘encouraged’

Iran and the United States wrapped up nuclear talks in Oman on Sunday with no apparent breakthrough in a public...

Putin proposes direct Russia-Ukraine talks next week

Russian President Vladimir Putin on Sunday proposed holding direct talks with Ukraine in Istanbul on May 15, hours after Kyiv and...

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4th round of Iran, US talks amid enrichment concerns

Iran's Foreign Minister Abbas Araghchi said ahead of Sunday's meeting that "the negotiations are progressing and, naturally, the further we...
  • The negotiations mark the highest-level contact between the two foes since Washington withdrew from a landmark nuclear deal in 2018, during President Donald Trump's first term
  • Both sides have reported progress after previous talks, but there have been some delays and disagreements over Iran's right to enrich uranium, which Tehran says is "non-negotiable"

India and Pakistan agree to ceasefire after days of attacks

Pakistan and India agreed Saturday to a full and immediate ceasefire after days of deadly jet fighter, missile, drone and...
  • Indian foreign secretary Vikram Misri said both sides would "stop all firing and military action on land, air and sea."
  • The ceasefire comes after four days of attacks and counter-attacks by both sides that killed at least 60 people

Syria’s Sharaa meets Bahrain king on Gulf trip

Manama, Bahrain - Bahrain's King Hamad bin Issa Al Khalifa on Sunday welcomed Syrian President Ahmed al-Sharaa, Bahraini state media...
  • The official Bahrain News Agency said the king hosted Sharaa at his palace, where they "discussed relations and opportunities to strengthen cooperation" in various fields.
  • Bahrain was one of the first countries to express willingness to cooperate with the new authorities in Damascus after Assad's fall.