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.

Turkey casts doubt on need for new Russian gas hub

Putin first raised the idea of creating "a gas hub in Turkey for supplies to other countries" during talks with...
  • Turkish Energy Minister Alparslan Bayraktar told a group of reporters on Thursday that Turkey already had a well-functioning gas trading platform
  • Russia currently ships gas to Turkey via two pipelines running under the Black Sea and Turkey sends some of that gas onto southeastern European countries

Palestinian fighters in Lebanon camp agree on truce

SIDON, LEBANON - Palestinian fighters agreed a new ceasefire on Thursday after more than a week of deadly violence in Lebanon's...
  • At least 17 people have been killed and around 100 wounded in the fighting in Ain al-Helweh refugee camp, on the outskirts of Sidon, Lebanon.
  • Previous ceasefires had collapsed when the warring parties failed to honour commitments to hand over fighters wanted by the other side.

Leaders of China’s National People’s Congress, UAE’s FNC hold talks

BEIJING, CHINA – Chairman of China’s National People's Congress (NPC) Standing Committee Zhao Leji held talks in Beijing with the...
  • China, the UAE have consolidated political mutual trust and expanded cooperation.
  • China supports the UAE in playing a bigger role in international and regional affairs.

Tunisia bars entry to European Parliament delegation of five MEPs

"We condemn the decision of the Tunisian authorities to refuse entry for the delegation," the delegation, made up of five...
  • Legislators from the parliament's foreign affairs committee were due to head to the North African country on Thursday on a fact-finding mission.
  • However, Tunisia's foreign ministry said on Thursday that the lawmakers would not be allowed entry due to "multiple reservations" about the visit.

Yemen peace push: Houthi delegation to visit Saudi Arabia

The Houthis' visit, expected within the coming days, will raise hopes of a breakthrough in the quagmire conflict that has...
  • Yemen was plunged into war when the Houthis seized control of the capital Sanaa in September 2014, prompting the Saudi-led intervention the following March.
  • The ensuing fighting has forced millions from their homes, causing one of the world's worst humanitarian crises in a country already pummeled by decades of conflict and upheaval.

Diverse business models needed for trade with China, say Union of Arab Chambers

BEIRUT, LEBANON – The secretary general of the Union of Arab Chambers has called for diversified business models to facilitate...
  • The secretary general of the Union of Arab Chambers said there was a rise in the variety of goods traded between China and the Arab world in recent years.
  • Arab nations and China cannot simply rely on the traditional pattern of cooperation that emphasizes on imports and exports of products.

Relations with Iran will be strong, says Saudi envoy

TEHRAN, IRAN - Saudi Arabia's Ambassador to Iran Abdullah bin Saud al-Anzi has said that relations between the two countries...
  • The Saudi envoy expressed satisfaction with his country's ties with Iran and the two sides' resumption of bilateral diplomatic relations.
  • He said that any pact between Saudi Arabia and Iran will lead to the enhancement of peace and security in the entire region.

Israel deprives 400 Palestinian kids of life-saving treatment: Report

The report published on Wednesday by the UK-based organization Save the Children said that nearly 400 children in Gaza, at...
  • Nearly 100 children’s applications to Israeli authorities were denied or left unanswered in the month of May alone, said the report ‘I Can’t Run, Play, or Get Treatment’.
  • “Neither chemotherapy nor radiology treatments are available due to Israeli Government restrictions on medical equipment and medication entering Gaza,” it said.

Global aid effort intensifies for flood-stricken Libya

Military transport aircraft from Middle Eastern and European nations, along with ships, have been ferrying emergency aid to the North...
  • UN has pledged $10 million to support Libya's survivors, including at least 30,000 people it said had been left homeless in Derna
  • Abdel Fattah al-Sisi, the president of Libya's neighbor Egypt, ordered "the establishment of shelter camps" for survivors of the Libyan disaster

Seven dead as clashes resume in Lebanon Palestinian camp

The Ain al-Helweh refugee camp, on the outskirts of the southern city of Sidon, has been rocked by violence since...
  • The renewed fighting on Wednesday killed seven people and wounded 16, Imad Hallak from the Palestinian Red Crescent's Lebanon branch said.
  • The latest deaths bring to at least 16 the number of people killed in the fighting since it broke out on Thursday, the Palestinian Red Crescent said.

Ukraine scrambles for energy with power generation at ‘zero’

Kyiv, Ukraine -- Ukraine was scrambling to turn lights and heating back on Sunday after Russian attacks targeting energy infrastructure...

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Iran says Israel’s Netanyahu dragging US into ‘disaster’ in region

Tehran, Iran - Iran's Foreign Minister Abbas Araghchi on Monday accused Israeli Prime Minister Benjamin Netanyahu of attempting to drag...

Pakistan conducts second missile test, India readies civil defence drills

Islamabad, Pakistan - Pakistan conducted a second missile test and India ordered civil defence drills in an escalating stand-off over...

Damascus club shooting sparks fears of restriction on freedoms

A deadly shooting Monday at a Damascus club, days after another attack on the capital's nightlife, has sparked fears, adding...

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Huthis report U.S. strikes after missile hits Israel airport, Netanyahu vows revenge and future retaliation

Israeli Prime Minister Netanyahu warned of future retaliation, saying Israel had acted against Iran-backed Huthis before and “will act in...
  • The Huthi-run Saba news agency said the strikes included two targeting Arbaeen street in the capital as well as one on the airport road, blaming them on "American aggression."
  • The Huthis, who control swathes of Yemen, have launched missiles and drones targeting Israel and Red Sea shipping throughout the Gaza war, acting in solidarity with Palestinians

US Fed expected to pause cuts again and wait for clarity on tariffs

Washington, United States -- The US Federal Reserve is widely expected to extend a recent pause in rate cuts this...
  • Most economists expect the tariffs introduced since January to push up prices and cool economic growth, at least in the short run.
  • Financial markets overwhelmingly expect the Fed to announce another rate cut pause on Wednesday, according to data from CME Group.

Trump’s solar tariffs could drive Asia transition boom

Bangkok, Thailand -- Massive planned US duties on solar panels made in Southeast Asia could be a chance for the...
  • Earlier this month, Washington announced plans for hefty duties on solar panels made in Cambodia, Vietnam, Thailand and Malaysia.
  • Southeast Asia accounted for nearly 80 percent of US solar panel imports in 2024.