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.

UAE President, Indian Prime Minister discuss strengthening bilateral, trade ties

NEW DELHI, INDIA - UAE President Sheikh Mohamed bin Zayed Al Nahyan and Indian Prime Minister Narendra Modi met to...
  • The meeting was held on the sidelines of the 18th Group of 20 (G20) Heads of State and Government Summit in New Delhi.
  • The two sides also exchanged views on various regional and international developments of mutual interest.

Jordan-ASEAN Economic Forum to be held in March 2024, says ACC

AMMAN, JORDAN - Chairman of the Amman Chamber of Commerce (ACC) Khalil Haj Tawfiq said the Jordanian Economic Forum with...
  • ACC will host the forum, in cooperation with Malaysia, Indonesia, the Philippines, Thailand and Sultanate of Brunei.
  • Trade exchanges between Jordan and ASEAN grew by 42 percent during 2022, compared to 2021, ACC's statistical data said.

Putin calls for closer ties with North Korea ‘on all fronts’: Kremlin 

Moscow, Russia-- Russian President Vladimir Putin congratulated North Korean leader Kim Jong Un on Saturday on the 75 anniversary of the...
  • In a message to Kim, Putin said through joint efforts "we will continue to strengthen bilateral ties on all fronts"
  • He affirmed that relations between the two countries were based on the principles of friendship and mutual respect

African Union formally joins G20 at Delhi summit

New Delhi, India - The African Union joined the Group of 20 leading economies at its summit on Saturday, enhancing...
  • The expansion of the bloc is a notable diplomatic victory for Modi, who faces national elections next year
  • Modi has used hosting rights for this year's forum to burnish his image as an international statesman

Saudi Crown Prince arrives in India for G20 summit

His visit comes at a time when Washington is actively engaging with the kingdom, encouraging it to normalize ties with...
  • The head of the Arab world's largest economy was greeted on the tarmac in New Delhi by a troupe of women dancing to folk music
  • He is expected to sign an infrastructure agreement with the United States and other G20 members to explore the building of a rail and shipping network

With no deal in place with Ukraine, Russia starts grain supply initiative

Moscow, Russia - Russian Deputy Foreign Minister Sergey Vershinin has confirmed the commencement of the implementation of the Russian grain...
  • The initiative was initially proposed by Russian President Vladimir Putin, who pledged to provide one million metric tons of grain at a preferential price
  • Vershinin stated that practical steps are now being taken, including communication with the involved parties to establish a trilateral agreement

Strengthening Middle East-China ties bolster trade

In recent years, the Middle East and China have fortified economic ties, with the former supplying half of latter's oil...
  • In recent years, the Middle East and China have fortified economic ties, with the former supplying half of latter's oil and sealing a landmark 27-year LNG deal with Qatar
  • After Chinese President Xi's 2022 Saudi visit, China-GCC FTA talks accelerated, financial ties deepened and the BRI synced with Middle East's digital and infra ambitions

‘Qatar leads the charge in food security initiatives’

Several ministers of agriculture and food security from UN's Food and Agriculture Organization member states at the event discussed key...
  • Qatar plays a major role in advancing food security at local, regional, and global scales, says Qatar’s Municipality Minister
  • The country's key initiatives include dairy cow importation, poultry self-sufficiency, and innovative greenhouse techniques

West blocked Russian assets worth $280bn, says US treasury

Washington, US - The REPO (Russian Elites, Proxies and Oligarchs) task force, set up to search and freeze Russia-related assets, estimates the...
  • “The total value of assets is estimated at around $280 billion, the majority of which is held in the European Union,” the US Department of the Treasury said.
  • Reportedly, the task force has completed its “initial effort to map and account for Russian sovereign assets that are immobilized and held in REPO member jurisdictions".

Saudi Nazaha, Interpol discuss ways to enhance cooperation

LYON, FRANCE - President of Saudi Arabia’s Oversight and Anti-Corruption Authority ‘Nazaha’ Mazin bin Ibrahim Al-Kahmous on Friday visited the...
  • The two sides discussed cooperation between Nazaha and Interpol in the field of combating corruption and cross-border crimes.
  • The discussions touched on recovering funds and assets related to corruption and pursuing fugitives in such cases.

Gaza hospital says received 15 Palestinian bodies under ceasefire exchange deal

They were returned in exchange for the latest hostage body handed back from Gaza on Tuesday, that of Israeli-American soldier...

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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...

UN rights chief demands world act to stop Israel’s Gaza ‘catastrophe’

"As the complete blockade of assistance essential for survival enters its ninth week, there must be concerted international efforts to...

UN ‘alarmed’ by US strikes in Yemen that Huthis say killed 68 migrants

The United Nations expressed deep alarm on Monday at reports that US strikes on Yemen killed scores of people at...

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Putin orders three-day ceasefire; Zelensky slams it as manipulative ahead of Victory Day

Before Putin's announcement, US Secretary of State Marco Rubio held new talks with Russian counterpart Sergei Lavrov, having declared that...
  • Before Putin’s announcement, US Secretary of State Rubio told Lavrov this week is critical for peace efforts
  • The Kremlin said Putin had ordered a "ceasefire" for the 80th anniversary of Victory Day from May 8 to May 10

Brazil calls for Israeli withdrawal from Gaza at BRICS ministers’ meet

The meeting comes at a critical moment for the world economy after the International Monetary Fund this week slashed growth...
  • "The resumption of Israeli bombardments and the continued obstruction of humanitarian aid are unacceptable," Brazilian Foreign Minister Mauro Vieira said.
  • The BRICS grouping has expanded significantly since its 2009 inception, and now includes Iran, Egypt, Indonesia, Ethiopia and the United Arab Emirates.

China says on ‘right side of history’ in trade standoff with US

Since returning to the presidency in January, US President Donald Trump has imposed 10 percent tariffs on most US trading...
  • The US, China said, "play cards out of thin air, bully and go back on their word", condemning Washington's "unilateralism and bullying."
  • Beijing, however, has vowed to fight a trade war "to the end" and denied US claims it is in talks with Washington