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.

Iran expects cooperation with Turkey to grow in Erdogan’s new term

Tehran, Iran-- Iran's President Ebrahim Raisi expects cooperation between his country and Turkey to grow during the "new term" of...
  • Iran's president met with the foreign minister of Turkey and other officials and hoped for an enhancement in ties between the two countries
  • The Turkish foreign minister believes that the bilateral trade between Ankara and Tehran can reach US$30 billion as the overall relations grow

Sultan AlNeyadi is back but his mission will continue, says MBRSC

According to MBRSC, Sultan AlNeyadi will continue his mission in order to benefit from the scientific experiments that he took...
  • Once the spacecraft splashed down, the astronauts were carried out of the capsule and placed in a gurney-type transport
  • Being the first Arab astronaut to do a spacewalk, Al Neyadi was seen smiling and waving to the camera after leaving the capsule

Israeli foreign minister in Bahrain for official talks

Cohen's trip comes less than two weeks before the third anniversary of the accords in mid-September. Despite now having steady...
  • Eli Cohen was accompanied by a political and commercial delegation, and is scheduled to meet Bahrain's king as well as his counterpart in Manama during the two-day trip
  • It is his first official visit to one of the signatories of the 2020 US-brokered Abraham Accords, which saw Israel normalise relations with Bahrain, the UAE and Morocco

Clashes between army and Turkey-backed rebels in Syria kill 23

The clashes broke out after pro-Ankara rebels tried to infiltrate Kurdish-held northeast Syria, killing 23 people, a war monitor said....
  • Turkey has launched many incursions against Kurdish forces in northern Syria since 2016
  • Kurdish authorities manage areas under their control through local civilian and military councils

Internal strife diminishes Israel’s regional clout

With a prolonged internal conflict anticipated and both the military and economy showing signs of strain, Israel's regional standing is...
  • With a prolonged internal conflict anticipated and both the military and economy showing signs of strain, Israel's regional standing is being affected, say experts
  • As Israelis gear up to celebrate the Jewish New Year on September 15, indications hint it won't be a joyous occasion unless internal unity is reestablished, they add

GCC Secretary General praises DCO role in digital transformation of Saudi economy

RIYADH, SAUDI ARABIA –  Secretary General of the Gulf Cooperation Council (GCC)Jassem Mohamed Albudaiwi visited the Digital Cooperation Organization (DCO)...
  • DCO plays an important role in e-development and helps in enabling countries to keep pace with the rapid growth of the digital economy.
  • The GCC Secretary General stressed on the importance of digital cooperation between the regional organization and the DCO.

Iran targets $30bn in annual trade with Turkey: Amirabdollahian

Tehran, Iran -- Iran and Turkey target $30 billion in annual trade in their endeavor to broaden political and economic...
  • Amirabdollahian said they have held extensive negotiations and weighed plans to carry out the agreements reached in the recent meeting between the presidents of the two nations.
  • "The transit routes in the region are not a factor of competition, but an element that strengthens relations between Iran and Turkey," he said.

Fahd al-Jarallah appointed new Kuwait FM amid economic challenges

Kuwait City, Kuwait -- Kuwait Sunday announced the appointment of Fahd Abdulaziz al-Jarallah as the new Finance Minister. This decision...
  • This decision comes on the heels of the resignation of Manaf Abdulaziz al-Hajri, who held the position since April this year.
  • Kuwait, known for its vast oil reserves and robust fiscal stance, has been grappling with political disputes and bureaucratic hurdles.

White House race overshadows Biden visit to Florida hurricane zone

Large trees, broken limbs and tattered signs littered the side of the motorcade route, a testament to the power of...
  • DeSantis' office told US media on Friday the security requirements of a presidential visit would cause too much disruption to recovery efforts
  • Biden visited the city of Live Oak on Saturday, surveying damage via helicopter before meeting first responders and local officials at an elementary school

UK unveils plans for ‘fitting tribute’ to Queen Elizabeth II

Senior royal, political and other figures and experts are set to be appointed to the committee to develop ideas and...
  • The "fitting tribute" to Britain's longest-reigning monarch will be unveiled to coincide with what would have been her 100th birthday
  • A newly-formed entity will consider and recommend proposals for the memorial and legacy programme, government department said

Trump says Russia, China have secretly tested nuclear weapons

President Donald Trump alleged Sunday that countries including Russia and China have conducted underground nuclear tests unknown to the public,...

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Hamas says open to 5-year Gaza truce, one-time hostages release

Cairo, Egypt - Hamas is open to an agreement to end the war in Gaza that would see all hostages...

Iran, US discuss nuclear deal in third round of talks

Muscat, Oman - The United States and Iran went into detail about a potential nuclear deal Saturday at their third...

Trump, Zelensky meet on sidelines of pope’s funeral

US President Donald Trump on Saturday criticized Russian President Vladimir Putin for attacks on civilian areas of Ukraine in recent...

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UN warns of manmade starvation in Gaza as food aid remains blocked by Israeli authorities

The World Food Programme says it has run out of food in Gaza, warning that hot meal kitchens—Gaza’s last major...
  • WFP, one of the main providers of aid in the Palestinian territory, said it had "delivered its last remaining food stocks to hot meals kitchens in the Gaza Strip" on Friday
  • After blocking aid during an impasse over the future of a ceasefire with Hamas, Israel resumed its bombardment of Gaza on March 18, followed by a ground offensive

WFP says has depleted all Gaza food stocks as Israel blocks aid

After 18 months of war, the situation in Gaza "is probably the worst" now, the United Nations' humanitarian agency OCHA...
  • WFP added that all 25 bakeries it supports in Gaza were forced to close on March 31 as wheat flour and cooking oil ran out.
  • "This is the longest closure the Gaza Strip has ever faced, exacerbating already fragile markets and food systems," it said.

Saudi Arabia normalizing ties with Israel ‘will happen’: Trump

"Saudi Arabia will go into the Abraham accords," Trump said, referencing the historic agreement struck at the end of his...
  • Trump is set to visit Saudi Arabia next month on a Middle East tour that was expected to be his first overseas trip since retaking the White House.
  • Trump forged close relations with Riyadh in his first term and is expected to push Saudi Arabia towards normalizing ties with Israel as a major foreign policy objective.