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.

Riyadh to host 45th session of UNESCO’s World Heritage Committee

Riyadh, Saudi Arabia -- Saudi Arabia is hosting the extended 45th session of UNESCO's World Heritage Committee from September 10...
  • This session anticipates the participation of 3,000 individuals representing 21 member states of the World Heritage Committee.
  • Minister of Culture and Chairman of the Saudi National Commission for Education, Culture, and Science, Prince Badr bin Abdullah bin Farhan will attend the meeting.

IsDB to finance projects worth US$800m in member states

JEDDAH, SAUDI ARABIA - The Board of Executive Directors (BED) of the Islamic Development Bank (IsDB) approved to finance projects...
  • The aid will contribute to ameliorate the socio-economic challenges faced by the people and will help in achieving significant SDG targets.
  • IsDB had made an emergency intervention to support the communities affected by the conflict in Sudan.

Inflation in Egypt hits record high of nearly 40 percent, says government

Annual inflation in Egypt hit 39.7 percent in August, official figures showed, an all-time high for the country as it...
  • Food and drink prices in Egypt alone registered a 71.9 percent increase compared to August 2022, state statistics agency CAPMAS said.
  • Even before the current crisis, 30 percent of Egyptians were living below the poverty line, according to the World Bank.

G20 summit ends with India, Brazil and Russia boasting success

G20 leaders have been deeply riven over the Ukraine war since Moscow's invasion last year, with Russian President Vladimir Putin...
  • Facing a diplomatic embarrassment, India pressed members to agree a common statement that denounced the use of force for territorial gains but didn't criticize Russia directly.
  • Kyiv said the G20 had "nothing to be proud of" but Russian Foreign Minister Sergei Lavrov, who stood in for Putin at the meeting, claimed a diplomatic victory.

Oil permits and wind crisis threaten UK net zero pledge

More bad news for the wind energy sector, which is at the heart of the UK's plan to become a...
  • Greenpeace called the failed auction the "biggest disaster for clean energy in almost a decade", putting the net zero target "in jeopardy"
  • Mads Nipper, boss of Orsted warned that "offshore wind ambitions will only happen with sane auction frameworks and realistic prices"

No arrest risk for Putin at Brazil G20: Lula

Russian president Vladimir Putin has skipped recent international gatherings and sent his Foreign Minister Sergei Lavrov to New Delhi instead....
  • Putin skipped this year's gathering in New Delhi, avoiding possible political opprobrium
  • On Saturday, the G20 nations adopted a declaration that avoided condemning Moscow for Ukraine war

Gaza exports to Israel resume as crossing reopens: Palestinian official

The Kerem Shalom crossing, the only point of entry for goods between Gaza and Israel, was closed last week after...
  • Impoverished Gaza, home to around 2.3 million Palestinians, is under a tight land, air and sea blockade imposed by Israel, whose defense ministry controls all crossings.
  • The closure of the Kerem Shalom crossing came amid rising violence in the Israeli-Palestinian conflict which has seen at least 227 Palestinians killed so far this year.

Secret talks, lasting failures: key Israeli-Palestinian peace bids

US president Ronald Reagan's administration opens dialogue with the Palestine Liberation Organization (PLO) in 1988 after its exiled leader Yasser...
  • The Oslo Accord, stating that both sides will "strive to live in peaceful coexistence", is sealed on September 13, 1993 with a historic handshake between Arafat and Israel's PM
  • In March 2002, Arab states led by Saudi Arabia propose diplomatic relations with Israel in exchange for its withdrawal from all territories occupied since the Six-Day War of 1967

Sudan’s rival forces accused of torture as war rages on

The army and the RSF have denied any ill-treatment of those they have captured, stating repeatedly that their troops act...
  • Former detainees from centers run by both sides reported "threats of rape", "repeated rape", and "one inmate being killed for resisting"
  • On September 2, three doctors were kidnapped by the RSF while on their way to volunteer in eastern Khartoum, according to a local resistance committee

Israelis protest ahead of court hearing on legal reforms

Ever since Prime Minister Benjamin Netanyahu's coalition government unveiled its proposals in January, tens of thousands of Israelis have demonstrated...
  • The latest demonstration comes ahead of a Tuesday hearing in the Supreme Court on annulling parliament's July vote
  • The July 24 amendment to "reasonableness clause" states that the courts cannot hear cases or issue orders against elected officials

Kazakhstan to join Abraham Accords as Trump pushes Mideast peace

Washington, United States - Kazakhstan said Thursday it will join the Abraham Accords between Israel and mainly Muslim nations, in...

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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,"...

UAE to lift three-year Lebanon travel ban: statement

Dubai, United Arab Emirates -- The United Arab Emirates will lift a ban on its citizens travelling to Lebanon that...

Two-State solution nearing point of no return: UN chief

He renewed calls for an immediate and lasting ceasefire, the unconditional release of all hostages, and full humanitarian access. He...

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UAE says foils bid to transfer weapons to Sudan army

"The security services succeeded in preventing the transfer of a quantity of military equipment to the Sudanese Armed Forces following...
  • The UAE statement said members of the cell included former Sudanese intelligence chief Salah Gosh an ex-adviser to the finance minister and political figure close to army chief.
  • It said the arrests were made "during an inspection of ammunition in a private aircraft" loaded with around five million machine gun rounds.

Syria FM says wants to ‘strengthen relations’ with China

Syrian Foreign Minister Asaad al-Shaibani expressed on Monday his government's willingness to build a "strategic partnership" with China, a key...
  • A foreign ministry statement said that Shaibani met with the Chinese ambassador to the United Nations, Fu Cong, at UN headquarters in New York
  • In the meeting with Beijing's envoy, Shaibani said the two countries "will work together to build a long-term strategic partnership in the near future

Abu Dhabi launches $500mn maternal health fund for Africa

Nairobi, Kenya -- A $500-million fund aimed at improving maternal and neonatal health in sub-Saharan Africa was launched Tuesday in...
  • The Beginnings Fund brings together philanthropists including the Gates Foundation and the Mohamed bin Zayed Foundation for Humanity, run by the UAE president.
  • It set a deadline of 2030 to reach the $500-million target and has already reached $450 million in pledges, organizers said in a statement.