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.

Constructive Saudi pledges made for Lebanon assistance: Iran FM

Tehran, Iran -- Iranian Foreign Minister Hossein Amirabdollahian said Thursday that discussions with Saudi authorities have resulted in constructive statements...
  • Iran wants nothing but good, stability, peace, and development for Lebanon, Hossein Amirabdollahian told reporters in Beirut.
  • "We expect all regional and international countries to contribute to improving Lebanon's economic situation," he said.

Iraqi security forces seize 15 tons of illegal drugs and precursor chemicals

War-scarred Iraq, originally mainly a drug transit country, has faced an explosion in narcotics use in recent years, mainly of...
  • They said the chemical components confiscated in Baghdad are used to manufacture crystal meth and captagon.
  • The drug squad made the seizure in an upscale neighborhood of the capital, the interior ministry said in a statement.

Qatar Credit Bureau, Supreme Judicial Council to share data

DOHA, QATAR - Qatar Credit Bureau signed a memorandum of understanding (MoU) with the Supreme Judicial Council (SJC) pertaining to...
  • The primary objective of this cooperation is to regularize the electronic connection between the bureau and SJC.
  • SJC will supply the bureau with the outcomes of the rulings related to its work in quest of achieving data accuracy.

Chinese diplomat, Arab Parliament speaker discuss Middle East

BEIJING, CHINA – The director of China’s Office of the Central Commission for Foreign Affairs met with the speaker of...
  • China said the future of the Middle East should be in the hands of regional countries and people.
  • The diplomat said China supports an early, fair and reasonable settlement of the Palestinian issue.

Israeli soldier, Palestinian attacker killed in West Bank truck ramming

Israel's defence ministry said its security personnel at the Hashmonaim checkpoint were informed by the army that the truck was...
  • Thursday's attack comes a day after a 14-year-old Palestinian stabbed a civilian at a light rail station in Jerusalem
  • The truck driver was a 41-year-old Palestinian from the West Bank with a work permit for Israel, Avi Biton, head of police central command

Turkey to ask Russia to resume grain deal in original form

According to TASS, quoting a diplomatic source, Turkey's Foreign Minister Hakan Fidan will propose to Russia at the upcoming talks...
  • The diplomatic sourced quoted by TASS said that Turkey views the grain corridor as the most efficient and safe
  • He further said the deal if resumed in original format can prevent the expansion of the Ukranian conflcit into the Black Sea

US blocks Nvidia AI chip sales to Middle East citing China concerns: report

London, Britain - The Biden administration has implemented restrictions on the sale of Nvidia's advanced microchips to certain Middle Eastern...
  • Nvidia, a tech giant valued at $1.2 trillion, has been directed to obtain permission before exporting chips to specific nations in the region
  • Nvidia's H100 and A100 chips play a vital role in training software like ChatGPT, contributing significantly to the global race for superior computing power

EU okays updated Pfizer and BioNTech’s anti-Covid vaccine

Adults and children over five require a single shot "irrespective of their Covid-19 vaccination history" while younger children may get...
  • The European Medicines Agency said it "has recommended authorizing an adapted Comirnaty vaccine targeting the Omicron XBB.1.5 subvariant".
  • Known as Comirnaty Omicron XBB.1.5, the mRNA vaccine is to be used to prevent Covid-19 in adults and children from six months.

EU diplomat’s threat to Russia medical supplies smacks of neo-Nazism: Official

Moscow, Russia -- Moscow considers threats by European Union High Representative for Foreign Affairs and Security Policy Josep Borrell to...
  • Russian Foreign Ministry said that EU High Representative for Foreign Affairs and Security Policy Josep Borrell had threatened to take medical supplies away from the Russian people
  • "EU restrictions are above all an instrument of intimidation and blackmail. We deem these new direct threats against Russians by Borrell unacceptable," a spokesperson said.

Kremlin not ruling out foul play in Wagner chief Prigozhin’s death

Prigozhin, 62, was buried on Tuesday in a private ceremony in his native Saint Petersburg, more than two months after...
  • Kremlin spokesman Dmitry Peskov on Wednesday told reporters that officials probing the incident have not ruled out any cause for the crash including foul play.
  • The Kremlin has dismissed suggestions it orchestrated the crash in revenge for Wagner's march on Moscow in June.

Hundreds in south Lebanon mourn Hezbollah members killed in Israeli attacks

Nabatieh, Lebanon -- Hundreds of people gathered in south Lebanon's Nabatiyeh on Sunday to mourn five Hezbollah members killed in...

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Israel military issues evacuation order two north Gaza areas

"To all of the civilians of the Gaza Strip staying in the areas of Beit Hanoun and Sheikh Zayed. This...

Lebanon parliament approves changes to banking secrecy law

Beirut, Lebanon -- Lebanon's parliament on Thursday approved amendments to banking secrecy legislation, a key reform demanded by the International...

Abbas urges Hamas to free Gaza hostages as Israeli strikes kill 25

"Hamas has given the criminal occupation excuses to commit its crimes in the Gaza Strip, the most prominent being the...

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Trump to visit Saudi, Qatar, UAE in May amid tensions over Iran, trade, and security

Saudi Arabia's top diplomat held talks in Washington earlier this month to lay the groundwork for a visit by Trump...
  • It will be his second foreign trip since returning to office, following his planned attendance at the Vatican for Pope Francis's funeral on Saturday
  • Saudi Arabia's Crown Prince Mohammed bin Salman, promised in January to pile $600 billion into US trade and investments

Iran says technical nuclear meeting with US postponed to Saturday

A technical, expert-level nuclear meeting between Iran and the United States will be held on Saturday, coinciding with the third...
  • Iran's foreign ministry spokesman Esmaeil Baqaei said the decision to reschedule the meeting was made following Oman's proposal and the agreement of the Iranian and US delegations
  • Western countries including the United States have long accused Iran of seeking to acquire nuclear weapons -- an allegation Tehran has consistently denied

Trump tariffs have increased financial stability risks: IMF report

The IMF's Global Financial Stability Report (GFSR) was published as world financial leaders gather for meetings in Washington under the...
  • GFSR's authors found that "global financial stability risks have increased significantly, driven by tighter global financial conditions and heightened economic uncertainty."
  • The Fund also warned that geopolitical risk -- including military conflicts -- could raise risks to financial stability.