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.

Saudi Arabia has diplomatic, external, and military options against Iran threat: MEI

Riyadh, Saudi Arabia  - Saudi Arabia has to not only enhance its defensive capabilities but also establish effective deterrence measures...
  • Diplomacy, despite its imperfections stemming from differing threat perceptions and goals between Saudi Arabia and Iran, is deemed the most viable option at present
  • The option of external protection involves securing official security guarantees from a foreign ally to deter potential Iranian aggression

No alternative to first Ukraine-Russia grain deal: Turkey FM

The foreign minister said that his country does not see any alternative to the original initiative because in his words...
  • Turkey, which has maintained a neutral stance in the war, helped mediate the UN-backed agreement
  • Exports of grain from Russia have been hit by sanctions imposed after the invasion of Ukraine

UAE-Hungary Political Consultations Committee discusses boosting cooperation

Budapest, Hungary--Senior officials from the UAE and Hungary met in Budapest on 22nd August for the inaugural round of the...
  • Officials from the two countries reviewed the expanding relations and discussed ways to boost opportunities in order to ramp up economic and trade ties
  • The UAE ambassador had a series of meetings with senior officials, intellectuals, and cultural figures intended to deepen relations between the two countries

AI risks repeating social media mistakes, says Microsoft president

NEW DELHI,Ā INDIA - Breakneck development of artificial intelligence risked repeating mistakes made by the tech industry at the start of...
  • AI tools have shown in recent months the ability to generate essays, create realistic images, mimic voices of famous singers and even pass medical exams
  • But there are also worries that chatbots could flood the internet with disinformation, that biased algorithms will churn out racist material

All eyes on tech firms as strict EU digital rules come into effect

The landmark Digital Services Act (DSA) compels tech companies to better police content to protect European users against disinformation and...
  • The first phase of the regulation affects 19 "very large" digital platforms including social media networks, websites and online retailers with at least 45m monthly active users.
  • They are: Alibaba AliExpress, Amazon Store, Apple AppStore, Booking.com, Meta-owned Facebook and Instagram, Google's Maps, Play, and Shopping, LinkedIn, Pinterest.

Kremlin denies rumors it had hand in Wagner chief’s death

The Kremlin dismissed rumors it orchestrated the death of Wagner chief Yevgeny Prigozhin, presumed dead in a plane crash two...
  • Russian officials have opened an investigation into air traffic violations but have so far not disclosed details of the probe or the incident.
  • President Vladimir Putin broke his silence on the crash on Thursday, offering condolences to the families of the 10 people onboard.

Denmark to ban Quran burnings, national security ‘main motivation’

Denmark stepped up security earlier this month following the backlash, as did neighboring Sweden which has also seen a spate...
  • Hummelgaard said Quran burnings were a "fundamentally contemptuous and unsympathetic act" that "harm Denmark and its interests".
  • The proposed Danish legislation would also apply to desecrations of the Bible, the Torah or, for example, a crucifix.

Algerian, South African ministers discuss ways to boost economic cooperation

JOHANNESBURG, SOUTH AFRICA - Algerian Minister of Finance Laaziz Faid discussed with South African Finance Minister Enoch Godongwan, ways to...
  • The two ministers discussed the available opportunities to enhance trade exchange between Algeria and South Africa.
  • The aim of trade exchange and joint investment is achieving sustainable development in the region.

Sudan war ‘threatens to consume the entire country’: UN

The conflict between the army under General Abdel Fattah al-Burhan and the paramilitary Rapid Support Forces (RSF) commanded by Mohamed...
  • In the four months since fighting broke out, more than 4.6 million people in Sudan have been forced to flee their homes, according to the United Nations figures
  • UN official said that in Kadugli, in South Kordofan state, "food stocks have been fully depleted, as clashes and road blockages prevent aid workers from reaching the hungry."

Trump arrested in election case, mug shot released

Trump was given the inmate number "PO1135809" by the Fulton County Jail, which listed his height as six foot three...
  • In the photograph released by the sheriff's office, he scowled at the camera while dressed in a dark blue suit, white shirt and red tie
  • Speaking to reporters after his arrest, Trump, the frontrunner for the 2024 Republican presidential nomination, said it was a "very sad day for America."

Trump stirs global tensions with surprise nuclear test order

The announcement came in the wake of Russia saying it had tested a nuclear-powered and nuclear-capable torpedo, as well as...

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Lebanon president says disarming Hezbollah ‘delicate’ as two dead in strikes

Beirut, Lebanon -- Lebanese President Joseph Aoun said Sunday that disarming Hezbollah group was a "delicate" matter whose implementation required...

Global tax plans targeting super rich and tech giants stall under Trump

Paris, France -- Global tax plans targeting billionaires and multinational companies are running aground, with the United States torpedoing reforms...

‘Resist Tyranny’: Another round of anti-Trump demonstrations hit major US cities

Many took aim at Trump's deportations of undocumented migrants, chanting "No ICE, no fear, immigrants are welcome here," a reference...

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Putin announces ‘Easter truce’ in Ukraine set to last until midnight on Sunday

Russian President Vladimir Putin on Saturday announced a surprise Easter truce in Ukraine, set to last until midnight on Sunday...
  • The short-term order for Russia's troops to halt all combat activity comes after months of US President Donald Trump pushing both Moscow and Kyiv to agree a truce
  • Ukrainian President Volodymyr Zelensky in a social media post responded sceptically to the truce proposal, accusing Putin of attempting to "play with human lives."

Tunisia opposition figures get jail terms in mass trial

A Tunisian court has handed down jail sentences of up to 66 years to multiple defendants, including prominent opposition figures,...
  • The trial, decried by a defence lawyer as a "masquerade", is of unprecedented scale with around 40 defendants including vocal critics of President Kais Saied
  • Among those sentenced were well-known opposition figures, lawyers and business people, with some already in prison for two years while others were in exile or still free

Iran, US to resume high-stakes nuclear talks in Rome amid sanctions and mutual distrust

Western countries including the United States have long accused Iran of seeking to acquire nuclear weapons - an allegation Tehran...
  • Iranian Foreign Minister Abbas Araghchi and US Middle East envoy Steve Witkoff will hold the Oman-mediated talks in Rome
  • Tehran and Washington have had no diplomatic relations since shortly after Iran's 1979 Islamic revolution