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.

Oslo Accords promise turned into ‘destroyed dreams’ in Gaza

Oslo Accords were meant to lead to a free Palestine, but years of stalled negotiations and violence have left any...
  • Unemployment is rife with about 70 percent of young people without a job in Gaza, where residents regularly suffer power cuts and inadequate access to clean water
  • Daily struggles in the impoverished territory have been exacerbated by a crippling Israeli-led blockade since Hamas Islamists took control in 2007, two years after Israel withdrew

Israel top court hears petitions against divisive judicial reform

Jerusalem, Undefined - Israel's Supreme Court convened Tuesday to hear petitions to strike down a key plank of the hard-right government's...
  • A full 15-judge panel of the top court began hearing pleas against the amendment of the so-called "reasonableness clause"
  • The amendment limits the powers of the top court to review and sometimes overturn government decisions

North Korea’s Kim travels to Russia for talks with Putin

A Russian news agency said that Kim's had crossed the border into the Primorsky region, with images showing a train...
  • The two leaders will meet on the sidelines of the Eastern Economic Forum in Vladivostok
  • US has warned that Pyongyang would "pay a price" if it supplies Moscow with weaponry

US endorses transfer of funds to Iran in prisoner deal

President Joe Biden's administration has insisted that Iran will only be allowed to use the money to buy food, medicine...
  • The money transfer is "a critical step in securing the release of these five US citizens," a State Department spokesperson said
  • Iran's foreign ministry spokesman insisted that the money will allow the Islamic republic to "purchase all non-sanctioned goods"

Sudan army chief visits Eritrea on latest trip abroad

Burhan, the northeast African country's de facto leader since a 2021 coup, has been fighting the paramilitary Rapid Support Forces...
  • Burhan's visit for talks with Eritrea's President was his fourth trip abroad in two weeks
  • Experts say his recent travels aim to burnish his credentials in the event of talks to end the conflict

UAE president discusses boosting ties with president of Nigeria

Abu Dhabi, UAE-- UAE President Sheikh Mohamed bin Zayed and Nigerian President Bola Ahmed Tinubu discussed opportunities for further bilateral...
  • UAE president hoped the two leaders would work together to deepen ties that benefit both the UAE and Nigeria
  • Sheikh Mohamed renewed the UAE's goal to foster ties with countries that share the same aspiration for growth

150 dead in Libya after storm Daniel results in floods

"At least 150 people were killed as a result of flooding and torrential rains left by storm Daniel in Derna,...
  • The storm struck eastern Libya on Sunday afternoon, notably the coastal town of Jabal al-Akhdar but also Benghazi, where a curfew was declared.
  • Images filmed by residents of the disaster area showed massive mudslides, collapsed buildings and entire neighborhoods submerged under water.

ENEC inks MoU with OSGE

Aim is to help in decarbonization of the Polish power sector.
  • One of the aims of the agreement is exploring opportunities to invest in Small Modular Reactors.
  • Nuclear energy is recognised by both the UAE and Poland as an essential clean energy resource.

Saudi EXIM, India EXIM ink MoU

Pact was signed on the sidelines of G20 Summit in New Delhi.
  • The primary objective of this agreement is to facilitate the export of products and services between Saudi Arabia and India.
  • The key areas of cooperation encompass exporting products and services, the exchange of information and expertise.

Second pilot of helicopter that crashed off UAE coast found dead

Dubai, United Arab Emirates - The second pilot of a helicopter that crashed off the coast of the United Arab Emirates...
  • "Search teams have found the body of the second pilot of the AeroGulf helicopter that crashed off the coast of Umm Al Qaiwain," reports said.
  • The pilots -- an Egyptian and a South African -- had been on a training flight for AeroGulf, the UAE's leading commercial helicopter operator.

Chinese ship scouts deep-ocean floor in South Pacific

Beijing, China -- A Chinese research vessel docked in the Cook Islands Saturday as it probed the Pacific nation's deep-sea...

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Hamas armed wing releases video of apparently injured Israeli hostage

The armed wing of Hamas, the Ezzedine al-Qassam Brigades, released a video Saturday showing an Israeli-Russian hostage who appeared to have...

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...

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...

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Israel strikes near Damascus presidential palace over Druze violence that kills over 100 people

Israel has since then attacked hundreds of Syrian military sites and on Friday announced its "fighter jets struck adjacent to...
  • Israel has attacked hundreds of Syrian military sites and on Friday announced its "fighter jets struck adjacent to the area of the palace" in the capital Damascus
  • Israel sees the new forces in Syria as jihadists and has warned them to protect the Druze minority, with Defence Minister Israel Katz saying his country could otherwise respond."

How much blood is enough to satisfy ‘political objectives’: WHO on Gaza

"We are breaking the bodies and the minds of the children of Gaza. We are starving the children of Gaza,...
  • Israel strictly controls all inflows of international aid vital for the 2.4 million Palestinians in the Gaza Strip.
  • It halted aid deliveries to Gaza on March 2, days before the collapse of a ceasefire that had significantly reduced hostilities after 15 months of war.

Slower growth expected in MENA region in 2025: IMF

"Growth is still projected to increase in 2025 and 2026, but at a considerably slower pace than anticipated last October,"...
  • The lender lowered growth projections from 4 percent to 2.6 percent for 2025, and from 4.2 percent to 3.4 percent for 2026.
  • In 2024, average growth in the region slowed to 1.8 percent -- from 2.1 percent the year before -- due to "ongoing conflicts and extended voluntary oil production cuts".