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.

UAE didn’t supply arms, ammunition to warring parties in Sudan: official

The UAE, a senior official in foreign ministry said, has consistently supported the political process and efforts to achieve national...
  • Afra Al Hameli, a senior UAE official said, that the country supports a peaceful resolution to the ongoing turmoil in Sudan while also respecting its sovereignty
  • She added that that since the beginning of the conflict, the UAE has called for de-escalation, a ceasefire and the initiation of diplomatic dialogue

Syria claims US responsible for military escalation in country

BEIRUT, LEBANON – The US is responsible for the military escalation in eastern Syria, where terrorist groups such as the...
  • Syria pledged to continue its operations against terrorists until the threat is fully eliminated.
  • At least 33 Syrian servicemen were killed on August 10 when a bus they were travelling in was ambushed near Al Mayadin city.

Naval forces in Gulf warn ships against nearing Iranian waters

"Vessels are being advised to transit as far away from Iranian territorial waters as possible" to minimize the risk of...
  • The alliance, established in 2019, is made up of 11 countries, including the United States, Great Britain, Saudi Arabia and the United Arab Emirates.
  • Its mission, according to its website, is to "provide reassurance to merchant shipping in the Middle East region".

In favor of Iran joining BRICS, says South Africa

TEHRAN, IRAN – Pretoria fully supports Tehran joining BRICS, South African President Cyril Ramaphosa said at a meeting with Iranian...
  • The South African president supported Tehran’s desire to join the group at a meeting with the Iranian foreign minister.
  • Pretoria expressed the hope that during the visit of the Iranian President to South Africa, several pacts would be signed between the two countries.

Chancellor Scholz urges further talks after Saudi-led Ukraine summit

Representatives from around 40 countries including China, Germany, India and the United States took part in last weekend's gathering in...
  • Similar international talks to discuss a path towards peace also took place in Copenhagen in June. Scholz called the talks in Denmark and Saudi Arabia "very special".
  • Scholz said that Germany was now the second-biggest supplier of military assistance to Ukraine after the United States.

UAE ranks first globally in employing Indians, Saudi second: Minister

New Delhi, India -- The UAE ranks first among the countries in the world in the employment of Indians, currently...
  • Taken together, five Gulf countries -- UAE, Saudi Arabia, Kuwait, Qatar and Oman, in that order -- are among the top destinations providing employment for Indians.
  • The number of Indians in the UAE last year was 3.419 million and more than 134,000 were added in one year, India's Minister of External Affairs told parliament.

Saudi Arabia, France vow to promote secure, affordable and sustainable energy

RIYADH, SAUDI ARABIA – Prince Abdulaziz bin Salman and Agnes Pannier-Runacher, Minister for Energy Transition of the French Republic met...
  • Addressing climate change, promoting secure, reliable, affordable, sustainable supplies of energy are shared strategic priorities of Saudi Arabia and France.
  • Both countries acknowledge the importance of implementation of the United Nations Framework on Climate Change and the Paris Agreement.

Dubai police arrests half of all drug suspects in UAE in Q2 2023

Dubai, UAE -- The General Department of Anti-Narcotics at Dubai Police apprehended 49.6 percent of the total number of suspects...
  • During the same period, a total of 491 kilograms of drugs and 3,333,916 narcotic pills were seized, which included cocaine, heroin, crystal meth.
  • The statistics demonstrated Dubai Police's contribution in sharing 50 significant pieces of information with several countries during Q2 2023.

WHO’s first global summit on traditional medicine begins Aug 17

Geneva, Switzerland -- The World Health Organization (WHO) is convening the Traditional Medicine Global Summit on 17-18 Aug 2023​ in...
  • Co-hosted by the Government of India, the Summit will explore the role of traditional, complementary, and integrative medicine in addressing pressing health challenges.
  • Scientists and other experts will lead technical discussions on research, evidence and learning; policy, data and regulation;

Blasts rock pro-Iran missile stocks in Syria: monitor

Residents of the Damascus region heard the blasts which came from "the warehouses of pro-Iran militias" in a mountainous area...
  • Syria's official news agency SANA said that during the night "the sounds of explosions" had been heard on the outskirts of Damascus
  • Four Syrian soldiers and two Iran-backed fighters were killed last Monday in pre-dawn Israeli air strikes near Damascus

Erdogan hails Eurofighter jets deal as ‘new symbol’ of strategic ties with Britain 

"We regard this step as a new symbol of the strategic relations between our two close allies," he said after...

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US in hurry for nuclear deal, Iran says after high-stakes, rare direct talks in Muscat

Foreign Minister Abbas Araghchi, who briefly spoke face-to-face with Trump's special envoy Steve Witkoff during the indirect meeting in Oman,...

Turkey accuses Israel of seeking to ‘dynamite’ Syria ‘revolution’

Ankara, Turkey -Turkish President Recep Tayyip Erdogan accused Israel on Friday of sowing divisions in Syria in a bid to...

Hamas armed wing releases video showing hostage alive

Hamas's armed wing released a video on Saturday showing a hostage alive in Gaza, whom Israeli media widely identified as...

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Gaza rescuers say family of 10 killed in Israel strike

A UN rights office report also warned that expanding Israeli evacuation orders were resulting in the "forcible transfer" of people...
  • Ten people, including seven children, were killed in an Israeli air strike that targeted the Farra family home in central Khan Yunis, Gaza civil defense officials said.
  • Turkish President Recep Tayyip Erdogan denounced Israel, saying: "If this is not barbarism, I ask you, what is it?"

UN shipping body approves first global carbon pricing system

From 2028, all ships will be required to use a less carbon-intensive fuel mix, or face financial penalties -- but...
  • Those who do not meet the guidelines will have to pay annually for every ton of greenhouse gas emissions that exceeds the targets set.
  • A majority of members, 63 states, voted for the carbon pricing system, including the European Union, Brazil, China, India and Japan.

In skies, as on land, European forces face gaps if US pulls back

Leeuwarden, Netherlands - Fighter jets from the United States, France, Finland and Germany roar into the skies from a Dutch...
  • Since returning to office, US President Donald Trump has sowed doubt over Washington's commitment to underpinning European security
  • But if Trump does decide to withdraw US forces, there are fears that could leave European militaries struggling to plug gaps in key areas