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.

Kyrgyzstan repatriates 95 from Syria rebel camps

Kyrgyzstan has already twice taken back its citizens from Syria or Iraq. In March 2021, 79 children were repatriated while...
  • Thirty-one women and 64 children who are Kyrgyz citizens were transferred from Syria to Kyrgyzstan," said the foreign ministry in a statement
  • The ministry said it was "grateful" to the US for "full assistance and logistical support" in the operation, as well as thanking UNICEF and the Red Cross

BRICS, SCO membership to reduce West’s sanctions effect, says Iran

"Given our numerous capabilities, we consider Iran’s membership in BRICS and the SCO as well as participation in other regional...
  • The Iranian president noted that Iran’s economic potential will help bolster the position of both organizations on the international stage
  • "The effect is reciprocal because all the participants of these unions, including ourselves, will benefit from Iran’s membership," he explained

Iranian company SAIPA to export cars to Russia

TEHRAN, IRAN – The CEO of SAIPA Auto Making Company, Iran’s second-largest car manufacturing company, said a contract has been...
  • SAIPA is planning to supply 90,000 units of the QUIK sedan model to Russian customers in the next three years.
  • Exports can start within a month and after the required permits are issued by Russian authorities.

Iran’s non-oil exports reach US$19.3bn in March to July 2023

TEHRAN, IRAN - Some 56 million tons of non-oil goods, valued at US$19.3 billion, were exported in the first five...
  • Also 14.4 million tons of non-oil goods, valued at US$24.2 billion were imported into the country from March 21, 2023 to July 22, 2023.
  • In this period, China, Iraq, the United Arab Emirates (UAE), Turkey and India were Iran’s main export markets respectively.

There are no frozen assets abroad, says Iranian President

TEHRAN, IRAN   â€“ Iran President Ebrahim Raisi on Tuesday said that the country’s money is only blocked in South Korea...
  • Iran has forged strong relations with Islamic and other like-minded countries.
  • The country is keen on membership in regional and extra-regional alliances.

West has failed to isolate Iran, says President Ebrahim Raisi

Raisi was referring to sanctions imposed on Iran since the United States torpedoed the nuclear deal in 2018, as well...
  • "The enemy tried to follow two strategies: one was to isolate Iran from the world and the other was to discourage the Iranian nation," Raisi said.
  • The president said Iran was continuing to seek "the lifting of sanctions" through negotiations to revive the 2015 nuclear accord.

Israeli PM thanks Saudi after emergency aircraft landing in Jeddah

The Air Seychelles flight laden with Israeli passengers was heading from the Seychelles to Tel Aviv. Saudi airspace had been...
  • The Air Seychelles flight made an emergency landing Monday in the Saudi coastal city of Jeddah due to technical difficulties.
  • Israeli media said 128 passengers aboard the flight were welcomed and given overnight accommodation in the Red Sea city.

Renewables helped save $520bn fuel costs globally in 2022: Report

In non-OECD countries, just the saving over the lifetime of new capacity additions in 2022 will reduce costs by up...
  • In addition to these direct cost savings, there would be substantial economic benefits from reducing CO2 emissions and local air pollutants.
  • IRENA’s Director-General Francesco La Camera said the world must add 1,000 GW of renewable power annually on average every year until 2030 to keep 1.5°C within reach.

Erdogan may meet Putin before UNGA kicks off: TASS

Ankara, Turkey - Turkish President Recep Tayyip Erdogan is expected to talk to Russian President Vladimir Putin in September, ahead...
  • The primary objective of the two leaders is to find potential pathways toward achieving resolution to the conflict in Ukraine
  • They are also set to deliberate on various aspects of the original grain agreement and explore potential alternative options

India and Iran reach agreement on Chabahar Port development

Tehran, Iran -  India and Iran have reportedly reached an agreement on the legal terms for the development of the...
  • The strategic Chabahar Port has been a focal point of cooperation between India and Iran for several years
  • The two countries have been working on a comprehensive agreement that would grant India the rights to develop the Shahid Beheshti Terminal

Iran vows to rebuild nuclear sites ‘stronger than before’

"By destroying buildings... we will not be set back," said Iranian President Masoud Pezeshkian, in a visit to the country's...

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Germany, France, UK say Israel’s Gaza aid blockade ‘must end’

Germany, France and Britain on Wednesday called on Israel to stop blocking humanitarian aid into Gaza, warning of "an acute...

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...

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...

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US envoy to Israel urges Hamas to sign deal so aid can enter Gaza

The new US ambassador to Israel on Monday called on Palestinian militant group Hamas to accept a deal that would...
  • Huckabee's message comes after Hamas on Thursday signalled its rejection of Israel's latest truce proposal, which proposed a hostage-prisoner swap and the entry of aid
  • The militants' chief negotiator said the group rejected any "partial" agreements and sought a comprehensive deal including "halting the war" and an Israeli withdrawal from Gaza

Davos meet founder Klaus Schwab steps down from WEF board

Geneva, Switzerland -- The World Economic Forum said on Monday that its founder Klaus Schwab has stepped down from the...
  • Schwab told the WEF's board that "as I enter my 88th year, I have decided to step down from the position of Chair and as a member of the Board of Trustees, with immediate effect.
  • The WEF said Vice Chairman Peter Brabeck-Letmathe was appointed board chairman in the interim and that a search committee for replacement had been appointed.

Pope Francis is dead at 88, world leaders pay tributes to the energetic reformer

"Today, we lost a faithful friend of the Palestinian people and their legitimate rights," Palestinian president Mahmud Abbas said, noting...
  • His death sets in motion centuries-old traditions that will culminate in the gathering of a conclave of cardinals to choose a successor.
  • In the next four to six days the Vatican's cardinals will decide on the pope's funeral date, at which point his coffin will be transferred to St Peter's Basilica.