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.

Morocco king appeals for normalcy in ties with Algeria

RABAT, MOROCCO -  Morocco's King Mohammed VI has expressed hope for a return to normality and reopening of borders with North...
  • The borders have been closed since 1994, leaving families divided after Morocco accused its neighbor of involvement in an attack.
  • Since then, tensions have persisted between the regional rivals, exacerbated by their dispute over Western Sahara.

Palestinian president, factions arrive in Egypt for talks

Ahead of unity talks between various Palestinian factions boycotted by the militant group Islamic Jihad, President Mahmud Abbas arrived in...
  • The meeting on Sunday will include the heads of other political factions, including Hamas leader Ismail Haniyeh
  • In the meantime Islamic Jihad has denounced "continued political detention and prosecution of the resistance"

Saudi Arabia to host talks on Ukraine war in push for peace

The talks to be hosted in the Red Sea coastal city of Jeddah next weekend will discuss a path toward...
  • The latest initiative by Saudi Arabia represents a new effort to assert itself in diplomacy related to the Ukraine war
  • Last year, the kingdom unexpectedly brokered the release of foreign fighters detained in Ukraine

Russia, Africa build a new, fairer global architecture

"I would like to note that the African continent is emerging as a new center of power right before our...
  • Russia and Africa share a strong bond of friendship and mutually beneficial ties, with foundations laid in mid-20th century
  • Russia and African states are working together to build a new, fairer global architecture and protect international law

UAE finance ministry unveils new corporate taxation rules

ABU DHABI, UAE - The UAE Ministry of Finance (MoF) on Saturday announced administrative penalties for violations related to the...
  • The penalties will be imposed on Taxable Persons, whether an individual or a legal entity, who do not comply with their obligations.
  • Penalties also apply in cases of failing to properly keep records or submitting the required records and other information specified in the Tax Law.

African Union, EU step up pressure on Niger coup leaders

The African Union demanded Niger's military "return to their barracks and restore constitutional authority" within 15 days as the EU...
  • The African Union and the European Union joined the chorus of international condemnation of the power grab, the latest to strike the Sahel region.
  • The EU's diplomatic chief Josep Borrell said the bloc would not recognize the putschists and announced the suspension of security cooperation with Niger.

Iran news editor suspended over protest coverage: media

Tehran, Iran--Iranian authorities have banned the editor-in-chief of reformist daily Etemad "from any press activity for a year" over coverage of...
  • Behrooz Behzadi, the editor, was accused of printing false content after a complaint by a Tehran branch of the powerful Revolutionary Guards Corps
  • Early this year, an Etemad report estimated that some 80 journalists were among the thousands arrested during the months-long unrest in Iran

Qatar pledges $100m for humanitarian assistance to Ukraine

Kyiv, Ukraine - Qatar has pledged $100 million for humanitarian assistance in Ukraine. The funds were meant the rehabilitation of...
  • Ukrainian prime minister Shmyhal said that the money will be used for reconstruction in the health and education sectors, and other important humanitarian projects
  • Qatar prime minister Jassim Al-Thani reiterated the importance of respecting the sovereignty of Ukraine and its territorial integrity within its internationally recognized borders

Turkiye will accelerate ongoing defense projects: Erdogan

Istanbul, Turkiye - Turkiye will accelerate ongoing defense projects and find solutions for the sector's requirements, Turkish President Recep Tayyip...
  • Speaking at International Defense Industry Fair in Istanbul, Erdogan said the prototypes will be tested for domestic use and exports
  • Turkish president said the country's advanced fighter jet Kaan,will make its maiden flight by the end of this year

Aramco, 5 local firms to jointly work on project in Pakistan

ISLAMABAD, PAKISTAN - Five Pakistani state-owned companies are set to collaborate with Saudi Arabia’s Aramco to execute a $10 billion...
  • The proposed joint venture will establish a mega refinery in Gwadar with a capacity of 400,000 barrels per day.
  • The government of Pakistan has already approved a refinery policy for new projects in the country.

Afghanistan, Pakistan seek to firm up truce in Istanbul talks

Afghan and Pakistani negotiators were locked in talks to hammer out a lasting ceasefire Saturday, with Islamabad warning that if...

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Israel’s Netanyahu arrives in Hungary, defying ICC warrant

Israeli Prime Minister Benjamin Netanyahu arrived in Budapest early Thursday on his first trip to Europe since 2023 and in...

Military confrontation ‘almost inevitable’ if Iran nuclear talks fail, says French foreign minister

Western countries including the United States have long accused Iran of pursuing a nuclear weapon, which Tehran has denied, insisting...

Israel says expanding Gaza offensive to seize ‘large areas’

Defense Minister Israel Katz said Israel would bolster its military presence in the Palestinian territory to "destroy and clear the...

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Trump’s sweeping tariffs spark fears of trade war, recession, and global economic instability

The threat of a trade war has caused increasing political ructions, with Canada's looming general election on April 28 set...
  • Trump has promised to be "very kind" when he unveils the so-called reciprocal tariffs on Wednesday, but uncertainty reigned over which countries would be targeted and by how much
  • His plan has prompted vows of retaliation from major economies including the European Union on Canada and fears that it could unleash a recession at home and abroad

European Parliament approves aid package for Egypt, Jordan

Brussels, Belgium -- Members of the European Parliament have approved two proposals to provide Egypt and Jordan with loans worth...
  • The parliament approved two proposals to provide Egypt and Jordan with loans worth €4 billion ($4.32 billion) and €500 million, respectively.
  • The Parliament adopted the macro-financial assistance to Egypt with 452 votes in favor, 182 against and 40 abstentions.

Iran will have ‘no choice’ but to acquire nuclear weapons if attacked, Khamenei adviser to UNSC

The message was sent to the UN Security Council in a letter by Iran's UN ambassador Amir Saeid Iravani which...
  • Trump said on Saturday "there will be bombing" if Iran did not agree a nuclear deal, and also threatened to punish Tehran with what he called "secondary tariffs".
  • Despite the sharpening of Trump's comments, it was not clear if he was threatening a US bombing or an operation coordinated with another country