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.

Devastating Libya floods displace more than 43,000 people

"An estimated 43,059 individuals have been displaced by the floods in northeastern Libya," the IOM said, adding that a "lack...
  • A tsunami-sized flash flood broke through two ageing river dams upstream from the city after heavy rains lashed the area on September 10.
  • Earlier this week, the United Nations warned that disease outbreaks could bring "a second devastating crisis" to the flood-hit areas.

King Charles urges joint French-English effort on climate change

"Just as we stand together against military aggression, so must we strive together to protect the world from our most...
  • He suggested that France and Britain should team up to tackle the climate and biodiversity emergencies with a new version of the 1904 Entente Cordiale pact
  • Charles' latest call on the environment came a day after Britain's PM Rishi Sunak softened green policies aimed at achieving net zero carbon emissions by mid century

Houthis display military strength two days after Saudi talk

Armored cars, missiles and thousands of uniformed fighters filed past Houthi dignitaries in a show of strength from the Iran-backed group,...
  • The northern fighters took Sanaa in September 2014 and threatened to overrun the country, prompting a Saudi-led international military intervention from March 2015.
  • The war has left hundreds of thousands dead, through direct and indirect causes, and displaced millions of people in what the UN calls one of the world's worst humanitarian crises.

Ajman’s exports rise 19 percent in H1 2023

AJMAN, UAE – The Ajman Chamber of Commerce and Industry (ACCI) has revealed that the volume of exports from the...
  • Ajman’s total exports reached US$1.2 billion in H1 2023, compared to US$1.1 billion during the same period in 2022.
  • Ships and boats topped the list of exported products, followed by mineral oils, fish and steel products.

First Ukraine grain ship since Russian blockade reaches Istanbul

Ukrainian officials said the Palau-flagged Resilient Africa vessel was carrying 3,000 tons of wheat when it left Ukraine's Chornomorsk port...
  • Ukraine is testing a new sea route that avoids international waters and follows those controlled by NATO members Bulgaria and Romania.
  • It had earlier successfully sent several cargo ships along that route that were not carrying Ukrainian grain.

RAKEZ team wraps up roadshow to boost trade in China’s Guangdong province

RAS AL KHAIMAH, UAE - A delegation from Ras Al Khaimah Economic Zone (RAKEZ), led by Group CEO Ramy Jallad,...
  • The RAKEZ delegation aims to foster deeper ties with local enterprises, prominent trade associations and key government entities.
  • The delegation hosted business forums across Guangzhou, Shenzhen and Dongguan cities, highlighting the prospects of the Middle East market.

US commander ‘concerned’ over Iran-Russia drone tech sharing

Modified Iranian drones used by Moscow in its war in Ukraine could feed back to Iran, which in turn may...
  • Tehran and Moscow have both provided economic, political and military support to Syria, helping Damascus claw back most of the territory it had lost in the early stages of the war
  • US commander also assured oil-rich Gulf allies Saudi Arabia and the United Arab Emirates that Washington was committed to their security despite the lack of a formal treaty

Saudi Arabia’s natural reserve makes it to UNESCO heritage list

Riyadh, Saudi Arabia -- The Uruq Bani Ma'arid Reserve in Saudi Arabia has been inscribed on the UNESCO World Heritage...
  • Uruq Bani Ma'arid Reserve occupies an area of over 12,750 km2 and is the only major sand desert in tropical Asia.
  • It provides vital natural habitats for the survival of more than 120 indigenous plant species.

GCC ministers call upon Iraq to respect Kuwait sovereignty

New York, United States -- At a meeting on the sidelines of the 78th session of the UN General Assembly,...
  • The foreign ministers asked Baghdad to adhere to UN resolutions, particularly Resolution 833, which pertains to the demarcation of the Kuwait-Iraq borders.
  • Expressing hope for continued cooperation from Iraq, the ministers urged both Iraq and the UN to make every effort to resolve the related issues.

India stops processing visas in Canada amid spiralling row over activist’s slaying

Canada's Prime Minister Justin Trudeau has demanded India treat with "utmost seriousness" allegations that Indian agents played a role in...
  • The suspension of visas comes a day after India's foreign ministry said it was concerned for the safety of its citizens in Canada because of "politically condoned hate crimes"
  • "Threats have particularly targeted Indian diplomats and sections of the Indian community who oppose the anti-India agenda," an Indian ministry statement said Wednesday

Sharaa’s US visit: Syria joins alliance against Islamic State after White House talks

Sharaa, whose rebel forces ousted longtime ruler Bashar al-Assad late last year, was the first Syrian leader to visit the...

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Israel not part of Gaza food aid plan: envoy

Israel would not be involved in food distribution under a US-led plan for the Gaza Strip but would provide "necessary military...

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...

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...

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US says new foundation to spearhead Gaza aid

Israel has imposed a blockade for two months on Gaza, leading UN agencies and other humanitarian groups to warn of...
  • State Department spokeswoman Tammy Bruce said the foundation was non-governmental and would make an announcement "shortly," without offering further details
  • "We welcome moves to quickly get urgent food aid into Gaza... in a way that the food aid actually gets to those to whom it's intended," Bruce told reporters

First responders in Gaza say running out of supplies

Gaza City, Palestinian Territories - First responders in Gaza said Thursday that their operations were at a near standstill, more...
  • Over 20 independent experts mandated by the UN's Human Rights Council demanded action on Wednesday to avert the "annihilation" of Palestinians in Gaza
  • The UN's agency for children, UNICEF, warned that Gaza's children face "a growing risk of starvation, illness and death" after UN-supported kitchens shut down

Pakistan and India accuse each other of waves of drone attacks

India and Pakistan accused each other Thursday of carrying out waves of drone attacks, as deadly confrontations between the nuclear-armed...
  • India launched missiles on Wednesday it said targeted "terrorist camps", and Pakistan retaliated with a barrage of artillery strikes, with at least 48 deaths reported on both sides
  • The South Asian neighbours have fought multiple wars over Kashmir since they were carved out of the sub-continent at the end of British rule in 1947