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.

Tens of thousands of Canadians flee homes as wildfires spread

Prime Minister Justin Trudeau said he had spoken with British Columbia Premier David Eby about the "rapidly evolving and incredibly...
  • Kelowna, a city of 150,000, was choked with thick smoke as it became the latest population center hit in a summer of dramatic wildfires across Canada
  • About 40 flights carrying around 3,500 passengers from Yellowknife have arrived in Calgary, said officials in the city, which has made nearly 500 hotel rooms available

United Nations exhorts Yemen rebels to release UN staff

According to the UN spokesman Stephane Dujarric, since the workers were arrested on November 5 and 7 in the rebel-held...
  • The employees of Yemeni nationality have been held with no explanation and in violation of their international immunity
  • Earlier Houthi rebels that are holding them gave assurances that the two would be released but they remain in detention

Yemen war casts gloom on historic ‘Old Sanaa’

A UNESCO World Heritage site for nearly four decades, the Old City has been classified as "in danger" since 2015,...
  • UNESCO World Heritage site for nearly four decades, the Old City has been classified as "in danger" since 2015, shortly after Saudi Arabia spearheaded a military intervention
  • Inhabited without interruption for more than 2,500 years, the area's iconic mosques and burnt-brick tower-houses have faced both direct threats from air strikes and indirect threat

UAE takes part in G20 joint health-finance ministers meeting   

GANDHINAGAR, INDIA - Minister of State for Financial Affairs Mohamed bin Hadi Al Hussaini and Assistant Minister of Foreign Affairs...
  • The meeting discussed the progress made by the Joint Finance and Health Task Force (JFHTF) this year.
  • The UAE participated in the three meetings that the Task Force held this year under the G20 Finance Track.

Two Israelis killed in West Bank shooting, says army

RAMALLAH, PALESTINIAN TERRITORIES - Two Israeli civilians were killed in a suspected shooting attack in the occupied West Bank on Saturday, the...
  • "A suspected shooting attack was carried out at a number of Israeli civilians in the area of the town of Huwara," an army statement said.
  • The West Bank has seen a surge in violence since early last year, with a string of attacks by Palestinians on Israeli targets.

Turkey slams ‘unacceptable’ UN approach to Cyprus row

ISTANBUL, TURKEY - Turkey's ruling party spokesman on Saturday criticized UN peacekeepers for blocking the construction of a controversial road in...
  • The UN mission on the east Mediterranean island said its peacekeepers were assaulted as they tried to block "unauthorized construction work" near Pyla.
  • Omer Celik, spokesman for Turkey's ruling AKP party, defended the construction of the road and slammed the "unacceptable" attitude of the UN peacekeepers.

WHO launches global initiative on digital health supported by G20 Presidency

GANDHINAGAR, INDIA - The World Health Organization (WHO) and the G20 India presidency announced a new Global Initiative on Digital...
  • WHO serves as the secretariat for strategy implementation to fast-track digital health system transformation.
  • The new Global Initiative on Digital Health is one of the key deliverables of India’s G20 Presidency.

Egyptian President Sisi pardons jailed activist Ahmed Douma

Egyptian activist Ahmed Douma, a leading figure of the country's 2011 uprising who has spent the last decade behind bars,...
  • A court in 2019 had sentenced Douma to 15 years in prison on charges of clashing with security forces in the capital two years earlier.
  • Egypt's top appeals court later in 2019 upheld the 15-year sentence, which also included a fine of US$372,000.

Iran president meets diplomat freed by Belgium in prisoner swap case

TEHRAN, IRAN - Iranian President Ebrahim Raisi has met with diplomat Assadollah Assadi, recently freed by Belgium in a high-profile prisoner...
  • The Iranian diplomat was sentenced in Belgium to 20 years in prison for his role in a plot to blow up an Iranian opposition event in 2018 in Paris.
  • The diplomat was liberated on May 26 in an Oman-mediated exchange that saw Iran releasing Belgian aid worker Olivier Vandecasteele.

Over 113 Emirati projects in Ethiopia, trade exceeds $6bn, says UAE envoy

ADDIS ABABA, ETHIOPIA - UAE Ambassador to the Federal Democratic Republic of Ethiopia Mohammed Salem Al Rashidi said that the...
  • Masdar signed a joint development agreement with the Ethiopian government in January 2023 in Abu Dhabi to develop two solar power plants.
  • Ethiopia is a key investment partner for the UAE in East Africa, as it has a large and emerging consumer market of over 100 million people.

Syria attracted $28 bn in investment since Assad’s fall: president

Syria has begun the mammoth task of trying to rebuild its shattered economy, after over a decade of war saw...

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Netanyahu visits Gaza as Hamas warns hostages may die amid continued Israeli offensive

Israeli Prime Minister Benjamin Netanyahu visited northern Gaza Tuesday, his office announced, as the military kept up the offensive it...

Trade war to cut global oil demand: International Energy Agency

Paris, France -- Global oil demand will be lower than previously forecast this year as rising trade tensions weigh on...

Syria, Lebanon leaders in Qatar for first official visits

Syria's interim President Ahmed al-Sharaa met with Emir Sheikh Tamim bin Hamad Al-Thani in Doha. Qatar has been a key backer...

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Iran’s top diplomat to visit Russia after US nuclear talks

Iran's foreign minister is to visit ally Russia this week to discuss nuclear negotiations with the United States, ahead of...
  • On Saturday, Abbas Araghchi held talks with US Middle East envoy Steve Witkoff in Oman -- the highest-level discussions since the 2015 nuclear accord collapsed
  • Russia, a close ally of Iran and party to the 2015 deal, and China have engaged with Tehran in recent weeks over its nuclear programme

Trump envoy says Putin open to ‘permanent peace’ deal with Ukraine

US President Donald Trump's special envoy said Monday that Russian leader Vladimir Putin was open to a "permanent peace" deal...
  • Trump has been pressing Moscow and Kyiv to agree to a ceasefire but has failed to extract any major concessions from the Kremlin
  • Despite a flurry of diplomacy, there has been little meaningful progress on Trump's main aim of achieving a Ukraine ceasefire

Israel offers 45-day ceasefire if Hamas releases half of remaining Gaza hostages

Hamas has informed the mediators that it is willing to agree to any proposal that includes a permanent ceasefire, a...
  • A Hamas official told AFP that Israel had also demanded that the Palestinian militants disarm to secure an end to the Gaza war but that this crossed a "red line".
  • "The proposal includes the disarmament of Hamas and all Palestinian armed factions in the Gaza Strip as a condition for a permanent end to the war," the official added