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 president Sheikh Mohamed holds talks with El Sisi in Egypt

El Alamein, Egypt - The UAE President Sheikh Mohamed bin Zayed Al Nahyan held talks with his Egyptian counterpart, President...
  • Both leaders stressed the significance of collective Arab action to promote peace, stability, and development within the region
  • Egyptian president El Sisi's visit to Abu Dhabi in February underlined the reciprocal nature of these diplomatic efforts

Argentina to repay IMF using Qatari loan worth $775m

BUENOS AIRES, ARGENTINA- The Argentine government said it will use a loan from Qatar amounting to $775 million to make a...
  • The credit operation would allow Qatar to lend Argentina Special Drawing Rights for the equivalent of $775 million
  • The credit was negotiated by Argentine Economy Minister Sergio Massa with the Qatari economic team "in absolute secrecy."

Lebanon’s minister backtracks on Kuwaiti aid comments

BEIRUT, LEBANON - A Lebanese minister on Saturday sought to clarify comments condemned by Kuwait over aid money to rebuild Beirut's...
  • Lebanon's Economy Minister Amin Salaam said this week that he had sent a letter to Kuwait's emir in the name of the Lebanese people
  • Mired in a grueling economic crisis since late 2019, cash-strapped Lebanon has been governed by a caretaker cabinet for more than a year

Palestinians bury teenage killed by Israeli settlers in West Bank

In a statement, the Israeli army cited Palestinian reports and witnesses as saying clashes broke out between Palestinians and Israeli...
  • Palestine ministry announced the death of Qusai Jamal Maatan, 19, saying he was "shot dead by settlers in the village of Burqa", east of Ramallah
  • At the funeral procession, Maatan was wrapped in a black and white keffiyeh head covering and Palestinian flag as mourners carried his body

UAE to mobilize global tech, space sectors for climate action ahead of COP28

ABU DHABI, UAE - Key UAE government entities have partnered to boost coordination between advanced technology and space sectors. The...
  • The collaboration aims to further contribute to COP28’s inclusive ecosystem, bringing together major technology companies, global institutions.
  • It will encourage companies to use the UAE as a base for producing new technologies that can help drive sustainable industrial development.

Nearly 14m children in Sudan need aid, says UNICEF

NEW YORK, US - Two senior UN humanitarian officials have called for more funding and fewer bureaucratic impediments to support...
  • The crisis in Sudan recently passed the 100-day mark and overall, 24 million people across the country require aid.
  • Chad is one of several neighboring nations hosting some 900,000 people who fled the violence in Sudan.

Erdogan announces Putin visit to Turkiye in August

Ankara, Turkiye - Turkish President Recep Tayyip Erdogan on Friday announced that his Russian counterpart Vladimir Putin would visit Ankara...
  • Turkish president's remarks followed his Wednesday phone call with Putin, in which they agreed Putin would visit to Turkiye in the coming days
  • Erdogan told Putin that Turkiye will continue its "intense" efforts and diplomacy for resumption of the Black Sea grain deal

Saudi makes Ukraine peace bid with Jeddah talks, Russia not invited

Russia invaded Ukraine on February 24, 2022, failing in its attempt to take Kyiv but seizing swathes of territory that...
  • Invitations were sent to around 30 countries, Russia not among them, according to diplomats familiar with the preparations
  • Jeddah initiative follows Ukraine-organized talks in Copenhagen in June that were designed to be informal and did not yield an official statement

Mobilize global action to deal with food insecurity

“In conflict, international humanitarian law is clear: parties to armed conflict must take constant care to spare the objects necessary...
  • UAE's Minister of State Noura Al Kaabi emphasizes the need for collective action across the world to end food insecurity
  • Al Kaabi highlights the role of climate change in exacerbating food insecurity, particularly affecting women and youth

Iran invites Kuwaiti minister for talks over disputed gas field

The dispute over the field -- known as Arash in Iran and Dorra in Kuwait and Saudi Arabia -- dates...
  • The recoverable reserves of the field are estimated at some 220 billion cubic meters (seven trillion cubic feet).
  • Iran and Kuwait have held unsuccessful talks for many years over their disputed maritime border area, rich in natural gas.

US treasury secretary signals deal to ease trade war with China

Washington, United States -- US Treasury Secretary Scott Bessent on Sunday signaled a tentative deal with China to de-escalate their...

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Yemen rebels say targeted Israel army site, US warships in Red sea: statement

Yemen's Huthis said they targeted a military site in Israel and attacked two US destroyers in the Red Sea Monday,...

Netanyahu meets Trump for tariff and Gaza talks

Israeli Prime Minister Benjamin Netanyahu met Donald Trump at the White House on Monday, becoming the first foreign leader to...

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Turkey’s main opposition leader urges elections ‘in November at the latest’

The leader of Turkey's main opposition party on Sunday called for expected elections to be held "at the latest in...
  • Addressing President Recep Tayyip Erdogan, CHP party leader Ozgur Ozel said: "In November at the latest, you will come to confront our candidate,"
  • Ozel hailed the demonstrations triggered by last month's arrest of Imamoglu, Istanbul's popular opposition mayor who is widely considered Erdogan's greatest political threat

Zelensky slams US lack of response to Putin truce rejection

Ukrainian President Volodymyr Zelensky on Sunday lamented the lack of a US response to Russia's refusal to sign "a full,...
  • Russia mounted a "massive" missile and drone attack on Ukraine overnight that also wounded seven people, Zelensky said
  • Ukraine has agreed to an unconditional truce in the more than three-year-long war proposed by the United States

Thousands rally in Morocco at pro-Palestinian protest

Tens of thousands of people demonstrated in Morocco's capital on Sunday against the conflict in the Gaza Strip where Israel...
  • The largest pro-Palestinian protest in the capital Rabat for several months was called by the Islamist-dominated coalition the Justice and Development party
  • Protesters were accompanied by chanting and the beating of drums as they marched down the city's Mohammed V Avenue near parliament