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.

African Union set to become G20 member with US, EU backing

"I look forward to welcoming the AU as a permanent member of the G20", European Council president Charles Michel told...
  • G20 host and Indian Prime Minister Narendra Modi has called for the pan-African organization to become a permanent member.
  • The proposal has won backing from Washington and on Friday the European Union said it would also back the move.

Tunisia authorities have repressed freedoms, says Journalists union

Jelassi argued that such "methodical censorship" aims to remove the voices of the opposition or civil society organizations from broadcasts...
  • Mehdi Jelassi, head of SNJT union said the freedom of the press is increasingly repressed and the authorities are adopting a policy of lockdown and censorship.
  • The syndicate also denounced "intimidation" of journalists through judicial prosecution and interrogations that are "purely political".

20 injured in clashes at Palestinian refugee camp in Lebanon

An AFP correspondent in Sidon reported the sound of intermittent automatic weapon fire and rocket launchers emanating from within the...
  • The fighting pitted members of Palestinian president Mahmud Abbas's Fatah movement against Islamist militants
  • Dozens of families with children fled on Thursday evening from the camp's northern end where the clashes were concentrated

GCC poised to help MENA in global trade integration

With MENA accounting for just 7.4% of global trade in 2022, GCC's strategic initiatives and resources can pave the way...
  • With MENA accounting for just 7.4% of global trade in 2022, GCC's strategic initiatives and resources can pave the way for regional trade integration and global prominence
  • Despite challenges like restrictive nontariff measures, red tape, and corruption, GCC-led comprehensive reforms and a global engagement strategy can make MENA a trade hub

Divisions, Xi’s absence cast shadow on G20 summit in India

The G20 was conceived in the throes of the 2008 financial crisis as a way of managing the global economy....
  • Indian Prime Minister Narendra Modi has painted the summit as his country's diplomatic coming of age -- evidence of New Delhi's clout and prestige on the global stage.
  • But that notion was called into question by rival leader Xi, who pointedly decided to skip the meeting and send his number two, Premier Li Qiang instead.

Iran receives US$6.7bn foreign investment in May 2023 EXPO, says official

TEHRAN, IRAN - Foreign companies and governments committed some US$6.7 billion worth of investments during an exhibition that was held...
  • The Iranian diplomat said that his country has an ambitious vision to diversify its economy away from crude oil revenues.
  • He said that this includes expanding the transportation infrastructure in Iran to significantly increase its cargo transit revenues.

RAKEZ, Indian Economic Trade Organization ink MoU to boost business ties

RAS AL KHAIMAH, UAE - Ras Al Khaimah Economic Zone (RAKEZ) and the Indian Economic Trade Organization (IETO) have signed...
  • The collaboration focuses on initiating trade missions and investment forums to help Indian businesses understand what RAKEZ offers.
  • The agreement promises customized business services for Indian companies that are tailored to their aspiration of expanding into the MENA region.

UK marks first anniversary of Queen Elizabeth II’s death

In a short statement, the 74-year-old British head of state recalled the "great affection" for his mother, her life and...
  • Commemorations will be low key on Friday, with the king - who is at his sprawling Scottish Highland estate of Balmoral - not expected at any official engagement
  • Britain King Charles III and his wife Camilla will attend nearby Crathie Kirk, the late queen's place of worship, for private prayers and a moment of reflection

North Korea launches new ‘tactical nuclear attack submarine’

North Korean leader Kim Jong Un presided over the unveiling ceremony on Wednesday, saying the sub was part of a...
  • Kim Jong Un inspected the submarine as it prepared for a test cruise, and entered it "to acquaint himself with its weapon system and underwater operation capability"
  • The capacities of the new submarine "won't be revolutionary, but will increase the complexity of the nuclear threat posed by North Korea," said US-based analyst Ankit Panda

One pilot dead in helicopter crash off Dubai coast, another missing

The pilots of Bell 212 helicopter -- an Egyptian and a South African -- had been on a training flight...
  • The Bell 212 helicopter went down in Gulf at around 8:30 pm (1630 GMT) on Thursday after taking off from Dubai's Al Maktoum International Airport, the aviation authority said.
  • The GCAA confirmed that one member of the crew was found dead, while search and rescue operations were continuing to find the other missing pilot.

Long-shot socialist and Trump foe Mamdani becomes next New York mayor

The self-proclaimed socialist, who has been re-elected three times, forged an image that has become his trademark -- a progressive...

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Amnesty accuses Israel of ‘live-streamed genocide’ against Gaza Palestinians

Paris, France - Amnesty International on Tuesday accused Israel of committing a "live-streamed genocide" against Palestinians in Gaza by forcibly...

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...

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...

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Trump thinks Zelensky ready to give up Crimea to Russia

US President Donald Trump said he believed Ukrainian President Volodymyr Zelensky was ready to concede Crimea to Russia as part...
  • Trump also stepped up pressure on Vladimir Putin, saying the Russian president should "stop shooting" and sign an agreement to end the grinding war
  • Trump's comments came a day after he met Zelensky during the funeral of Pope Francis, breaking the ice after a major row between the US and Ukrainian leaders at the White House

Khamenei orders probe into port blast as Iran’s nuclear talks, regional tensions simmer in background

The New York Times quoted a person with ties to Iran's Islamic Revolutionary Guard Corps, speaking on condition of anonymity...
  • His instructions came after President Masoud Pezeshkian visited the blast scene in Shahid Rajaee Port near the strategic Strait of Hormuz
  • Defence ministry spokesman Reza Talaei-Nik later told state TV that "there has been no imported or exported cargo for military fuel or military use in the area."

Qatar Prime Minister sees some progress on Gaza truce

"We need to find an answer for the ultimate question: how to end this war. That's, that's basically, I think,...
  • The initial phase of the truce ended in early March, with the two sides unable to agree on the next steps. Israel resumed air and ground attacks across the Gaza Strip on March 18.
  • Hamas is open to an agreement to end the war that would see all hostages released and secure a five-year truce, an official told AFP as the group's negotiators met in Cairo.