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.

No India-Middle East trade corridor without Turkey: Erdogan

Ankara, Turkey - Turkish president Recep Tayyip Erdogan has said that India-Middle East trade corridor proposed during the G20 summit...
  • Turkish president highlighted Turkey's significance as a strategic location bridging the gap between the Middle East and Europe
  • Turkey already supports another proposed corridor that connects the Gulf region to Turkey and Europe through a comprehensive transportation network

Bahrain prison inmates suspend strike after 36 days

According to some activists at least 800 inmates joined the strike, the biggest in Bahrain's history. But Bahraini authorities said...
  • The strike was suspended on Monday, after a meeting between jail officials and a group of prisoners
  • The prisoners can now have extra family visits and some inmates have been released from solitary confinement

Red Cross warns death toll may surge as 10,000 missing in Libya floods

The death toll from freak floods in eastern Libya is expected to soar dramatically, with 10,000 people reported missing, the...
  • World Health Organization spokeswoman Margaret Harris meanwhile described the situation in Libya as "a calamity of epic proportions".
  • In eastern Libya, the storm hit the coastal town of Jabal al-Akhdar especially hard, as well as Benghazi, where a curfew was declared.

WTO says era of de-globalization is closer than it appears

Geneva, Switzerland - The de-globalization of international trade is far from being a reality, but "the first signs of fragmentation" are...
  • After this phase of slowing globalization, the question is "whether we are moving towards a phase of deglobalization", said WTO official Ralph Ossa.
  • "We're quite far away from deglobalizing, but at the same time, you start seeing... the first cracks in the system," the WTO official said.

Iraq asks Sweden to extradite accused in Quran burning incident

STOCKHOLM, SWEDEN - Baghdad has asked Sweden to extradite Iraqi refugee Salwan Momika, who stoked international outrage by desecrating the Quran,...
  • The Swedish government has condemned the desecrations of the Quran but upheld the country's laws regarding freedom of speech and assembly.
  • The accused in the Quran burning incident said that Iraq was seeking his extradition to try him according to Islamic law.

Normalization of Israeli-Saudi ties hit Palestine, security barriers

Despite Israel's strong determination and increasing US mediation efforts, the establishment of diplomatic relations between Tel Aviv-Riyadh still face serious...
  • The Chinese-mediated restoration of diplomatic ties between Saudi Arabia and Iran served as a catalyst for US efforts to advance Tel Aviv-Riyadh ties.
  • For Israel, the normalization of relations with Arab countries has remained an important strategic goal for years.

A third of the global population still without internet: UN study

Around 100 million more people are able to access the internet since last year's census by the International Telecommunication Union...
  • That means 67 percent of the world's population, or 5.4 billion people, are now online. However, the other 2.6 billion people are still without access.
  • With the developed world already online, the biggest growth areas for connectivity are in low-income countries.

WFP warns fund cuts could push 24m people to brink of starvation

Geneva, Switzerland - The World Food Program said Tuesday that shrinking funding was forcing it to drastically slash rations in many...
  • WFP said it had been struggling to meet growing global needs for food assistance while facing a funding shortfall of over 60 percent this year.
  • WFP estimates that 345 million people worldwide are facing acute food insecurity, at level three or higher on the UN's five-scale food insecurity classification.

Building less, repurposing more key to low construction sector emissions

The industry is responsible for 37 percent of global carbon dioxide emissions and growing urbanization is spurring the construction of...
  • Mushrooming urban environments -- which add new buildings in an area equivalent in size to Paris every five days -- damage life-sustaining ecosystems.
  • Building less and repurposing existing structures generates 50-75 percent fewer emissions than new constructions, a report said.

Red Cross seeks over $100m aid for quake-hit Morocco

GENEVA, SWITZERLAND - The Red Cross appealed on Tuesday for more than $100 million to provide desperately needed assistance in Morocco,...
  • The Red Cross said the funds were needed for "health, water, sanitation and hygiene, shelter relief items and basic needs".
  • Search and rescue teams from Morocco and abroad continued to dig through the rubble of homes, hoping for signs of life.

Turkey issues genocide arrest warrant against Netanyahu, senior officials in his govt

The announcement was met with a firm rebuttal from Israel. Foreign Minister Gideon Saar said Israel "firmly rejects, with contempt"...

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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...

UAE says citizens can again travel to Lebanon

The announcement comes after Lebanon's President Joseph Aoun met with his UAE counterpart Mohamed bin Zayed in Abu Dhabi on...

Global rice output in 2024/25 likely to expand by 1.5%: FAO

Rome, Italy --  The Food and Agriculture Organization of the United Nations (FAO) released a new Cereal Supply and Demand...

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Murderer of Palestinian-American boy sentenced to 53 years

Washington, United States - An Illinois man was sentenced to 53 years in prison on Friday for the murder of...
  • Joseph Czuba, 73, was convicted in February of fatally stabbing Wadea Al-Fayoumi and attacking the boy's mother, Hanan Shaheen
  • Czuba was the family's landlord and the attack took place a week after the start of the Israel-Hamas war in October 2023

Israel launches new Syria strikes amid Druze tensions

Israel launched more than 20 air strikes inside Syria late Friday, a war monitor said, following up an attack near...
  • The strikes came amid Israeli warnings to the Damascus government not to harm the Druze minority, following recent sectarian clashes
  • An Israeli military statement said its forces had "struck a military site, anti-aircraft cannons and surface-to-air missile infrastructure in Syria."

Israel says intercepts missile fired from Yemen

The Israeli military said Friday it intercepted a missile fired from Yemen, where Huthi rebels recently claimed responsibility for a...
  • Yemen's Iran-backed Huthi rebels have not claimed responsibility for the Friday launch, but said Sunday they had launched a "hypersonic missile" at the Nevatim air base
  • The Huthis are part of Iran's "axis of resistance" against Israel and the United States, portraying themselves as defenders of Palestinians in the Gaza Strip amid the ongoing war