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, Djibouti resume diplomatic ties after 7 years

Iran announced the restoring of diplomatic ties with Djibouti over seven years after it joined other regional nations in severing...
  • The move followed Iranian foreign minister Amir-Abdollahian's meeting with his Djiboutian counterpart Mahamoud Ali Youssouf in New York.
  • Djibouti cut ties with Iran in January 2016 after attacks on Saudi missions during protests over Riyadh's execution of a Shiite cleric.

Xi announces ‘strategic partnership’ with Syria after meeting Assad

Assad is on his first official trip to China in almost two decades as he seeks financial support to rebuild...
  • Analysts expect Assad's visit to China will focus, in part, on funds for reconstruction. It also comes as China's influence in the Middle East grows.
  • This year Beijing brokered a deal that saw longtime regional rivals Saudi Arabia and Damascus-backer Iran agree to restore ties and reopen their respective embassies.

Sudan army chief warns UN that war could spill over in region

General Abdel Fattah al-Burhan, the de facto ruler of Sudan since a 2021 coup, alluded to the rival Rapid Support...
  • Burhan has increasingly been traveling around the world in what are seen as efforts to burnish his legitimacy
  • At the United Nations, he urged world powers to designate the Rapid Support Forces, or RSF, as a terrorist group

Canada seeks India cooperation in murder probe

Speaking on the sidelines of the UN General Assembly in New York, Canadian PM Justin Trudeau called on the Indian...
  • On Monday, he said Indian agents played a role in the June murder of Hardeep Singh Nijjar, a Canadian citizen
  • Indian forcefully denied any role in the killing of Nijjar, terming the accusation as "absurd"

Abbas to UN: No Mideast peace without Palestinians’ rights

Palestinian leader Mahmud Abbas's address came a day after Netanyahu discussed Saudi normalization in a meeting with US President Joe...
  • The veteran leader made a new appeal for negotiations and for UN Secretary General Antonio Guterres to call an international conference on creating a Palestinian state
  • An Israeli diplomat walked out of the General Assembly as Abbas denounced the "impunity" for Israel over its "apartheid" policies, a characterization that infuriates Israel

Israeli PM Netanyahu to visit Turkey: Erdogan

Turkey's President Recep Tayyip Erdogan told reporters in New York that he will visit Israel too once Benjamin Netanyahu will...
  • The two leaders met at the Turkish House in New York on the sidelines of the 78th session of the UN General Assembly
  • The two countries also reached an agreement to raise trade volume from $9.5 billion to a minimum of $15 billion

Kuwait seeks support in its bid for UN Human Rights Council seat

New York, US-- Kuwait has exhorted UN member states to back its bid for a seat on the UN Human...
  • The Kuwaiti prime minister gave a peek into the "New Kuwait" vision that aims to position the country as a global financial, commercial, and cultural center
  • He underscored Kuwait's resolve to bridge cooperation and offer solutions to human rights issues in keeping with international law and UN resolutions

Anti-Money Laundering Permanent Committee hosts meeting with Saudi Committees

Riyadh, Saudi Arabia - The Anti-Money Laundering Permanent Committee (AMLPC) hosted a coordination meeting with relevant Saudi permanent committees on...
  • The meeting was chaired by Ayman Al-Sayari, governor of the Saudi Central Bank (SAMA) and AMLPC chairman
  • It also discussed mechanisms of cooperation and coordination between the permanent committees in the Kingdom

Man shoots multiple times in Lebanon’s US embassy, no casualty

Beirut, Lebanon - A gunman fired more than a dozen bullets at the US embassy in Beirut, Lebanese officials said on...
  • "At 10:37 pm local time (1937 GMT), small arms fire was reported in the vicinity of the entrance to the US Embassy," said embassy spokesman Jake Nelson
  • Lebanese forces have cordoned off the area of the highly-secured embassy complex in the northern Beirut suburb of Awkar, a security official told AFP.

ITFC collaborates with Turk Eximbank for providing joint loan of US$277m

JEDDAH, SAUDI ARABIA - The International Islamic Trade Finance Corporation (ITFC), which is a member of the Islamic Development Bank,...
  • This collaboration aims to enhance trade volume among the member states of the Organization of Islamic Cooperation.
  • The loan aims to support the development of small and medium enterprises' exports as well as private sector companies in Turkey.

Demand for air con set to triple by 2050, warns UN

Geneva, Switzerland -- Global demand for air conditioning could more than triple by 2050, the United Nations warned on Tuesday,...

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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...

Hamas releases video of two Israeli hostages alive in Gaza

Hamas's armed wing released a video on Saturday showing two Israeli hostages alive in the Gaza Strip, with one of...

Rubio urges India, Pakistan to communicate to ‘avoid miscalculation’

Washington, United States - US Secretary of State Marco Rubio urged India and Pakistan to restore direct communication to "avoid...

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Pakistan says India has brought neighbours ‘closer to major conflict’

Pakistan charged India Friday with bringing the nuclear-armed neighbours "closer to a major conflict", as the death toll from three...
  • Most of the more than 50 deaths were in Pakistan during Wednesday's air strikes by India and included children
  • Pakistani military sources said that its forces had shot down 77 Indian drones in the last two days

Iran top diplomat to visit Saudi, Qatar before Trump tour

Iranian Foreign Minister Abbas Araghchi will visit Saudi Arabia and Qatar on Saturday, his ministry said, days before US President...
  • Araghchi is due to hold talks with senior Saudi officials in Riyadh before heading to Doha for a conference on Arab-Iranian dialogue
  • The Iranian top diplomat later said meetings in Saudi Arabia would cover the latest on the nuclear talks with the United States

Kurdish PKK says held ‘successful’ meeting on disbanding

The outlawed Kurdistan Workers' Party (PKK) held a "successful" meeting this week with a view to disarming and disbanding, a...
  • On February 27, Ocalan urged his fighters to disarm and disband, ending a decades-long insurgency against the Turkish state
  • Turkey's President Recep Tayyip Erdogan has warned there will be harsh consequences "if the promises are not kept"