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.

Energy security and supplies dominate Qatar Emir-Japan PM talks

Kishida and Qatar's Emir Sheikh Tamim bin Hamad Al-Thani discussed "developments related to energy security and supplies," the Qatari leader said...
  • The Doha visit comes as Japanese companies are negotiating new long-term LNG supply contracts with Qatar, according to Bloomberg.
  • Japan's LNG importers have not signed a contract with Qatar since 2014, and that Qatari LNG deliveries to Tokyo dropped by more than 60 percent last year.

Israelis stage ‘day of resistance’ against judicial overhaul

Demonstrators holding Israeli flags and chanting "democracy, democracy" also entered the stock exchange building in Tel Aviv and staged a...
  • Weekly rallies across Israel have drawn tens of thousands of protesters aiming to prevent what they believe could open the way to more authoritarian government
  • Crowds gathered in the coastal city of Tel Aviv, Israel's commercial hub, early on Tuesday after organisers had called for a "national day of resistance" ahead of a planned vote

Turkey’s ‘biggest ever’ defense deal inked during Erdogan’s Saudi visit

Haluk Bayraktar, CEO of the drone manufacturer which is co-run by one of Erdogan's sons-in-laws, in a tweet called the deal...
  • Erdogan, who in May elections won another five-year term, was in Saudi Arabia to kick off a Gulf tour seeking to drum up support for Turkey's faltering economy.
  • After attending a Saudi-Turkish business forum in Jeddah on Monday, Erdogan and Prince Mohammed discussed "prospects for joint cooperation" in their meeting.

Ukraine to continue grain exports despite Russia’s exit from deal

Putin has been threatening to pull out of the arrangement, arguing that elements of the deal allowing the export of...
  • The agreement, which has enabled the export in cargo of more than 32 million tonnes of Ukrainian grain over the last year, is due to expire at 2100 GMT on Monday
  • In his evening address, Volodymyr Zelensky said: "Ukraine, the UN and Turkey can jointly ensure the operation of the food corridor and the inspection of ships

Erdogan seeks foreign investment on Gulf tour, begins with Saudi Arabia

Turkish President Recep Tayyip Erdogan has embarked on a three-state Gulf tour, beginning with Saudi Arabia, as he seeks to...
  • Nine MoUs -- covering energy, real estate, education, and more -- were signed at the Saudi-Turkish business forum
  • Turkish government aims to increase its trade volume with Gulf countries, which currently stands at $22 billion

US to deploy additional F-35 and F-16 fighter jets to Middle East

Dubai, UAE - The United States has announced plans to bolster its military presence in the Middle East in response...
  • The primary goal of this deployment is to enhance monitoring capabilities in the vital waterways, especially the Strait of Hormuz
  • The chokepoint, situated between Iran and Oman, has been a focal point of tensions between the US and Iran

Morocco claims Israel recognizes its sovereignty over Western Sahara

Dubai, UAE--Morocco said that Israel has recognized its sovereignty over the disputed territory of Western Sahara and is mulling opening...
  • According to a statement from Morocco's Royal Palace, Israeli Prime Minister Benjamin Netanyahu stated the Jewish country's position in a letter to the king
  • The statement from the palace further noted that as part of this recognition Israel mulls "the opening of a consulate in the city of Dakhla"

Japanese PM discusses clean energy cooperation with UAE ahead of COP28

As the UAE prepares to host COP28, Japan aims to offer its green and renewable energy technologies to support the...
  • Japan aims to offer green and renewable energy technologies to assist Gulf states' decarbonisation efforts
  • The UAE-Japan Business Forum witnesses signing of 23 cooperation agreements and MoUs in various sectors

UN hands over boat for oil transfer from rusting Yemen tanker

Aboard Nautica , Yemen - The United Nations on Monday handed over a vessel that will take on board oil from...
  • The handover ceremony took place aboard the Nautica, which is being renamed the Yemen, in the presence of the country's Houthi authorities.
  • In the coming days, an operation is expected to begin pumping 1.14 million barrels of crude oil to the Nautica from the FSO Safer.

Millions will ‘pay the price’ of Russia’s grain deal exit: UN chief

The move by Moscow will "strike a blow to people in need everywhere", Guterres said. "Hundreds of millions of people...
  • Earlier, the Kremlin said that as "soon as the Russian part (of the agreements) are fulfilled, the Russian side will immediately return to the grain deal".
  • Ukraine President Volodymyr Zelensky said his country was prepared to keep exporting grain via the Black Sea despite Russia's exit from the deal.

Saudi Arabia to host ATP Masters 1000 tennis event from 2028

Paris, France -- The ATP announced on Thursday the creation of a new Masters 1000 event which will take place...

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Firms and researchers at odds over superhuman AI

The belief that human-or-better intelligence -- often called "artificial general intelligence" (AGI) -- will emerge from current machine-learning techniques fuels...

From cars to champagne: Trump’s expanding tariffs trigger trade war fears

Paris, France -- From champagne to steel and now cars: it is getting harder to keep up with US President...

Israel PM threatens to seize parts of Gaza over fate of hostages

Prime Minister Benjamin Netanyahu threatened Wednesday to seize parts of Gaza if Hamas did not release hostages, while the militant...

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Over a billion pounds of Coke plastic waste to enter waterways: study

Washington, United States -- By 2030, Coca-Cola products will account for an estimated 1.33 billion pounds (602,000 metric tons) of...
  • Coca-Cola ranks as the world's top branded plastic polluter, followed by PepsiCo, Nestle, Danone, and Altria, according to a 2024 study published in Science Advances.
  • Oceana's estimate is based on Coca-Cola's publicly reported packaging data from 2018 to 2023, combined with sales growth forecasts to create a "business-as-usual" scenario.

Japan’s Masaki Kashiwara wins Abel Prize for mathematics

Oslo, Norway -- The prestigious Abel Prize for mathematics was on Wednesday awarded to Japanese mathematician Masaki Kashiwara a specialist...
  • The 78-year-old mathematician was honored for "his fundamental contributions to algebraic analysis and representation theory.
  • D-modules provided a "new basis for studying systems of linear differential equations", according to the jury.

Turkey protesters defiant despite nearly 1,500 arrests

The protests erupted on March 19 after the arrest of Istanbul opposition mayor Ekrem Imamoglu as part of a graft...
  • Those detained include AFP journalist Yasin Akgul, who the Paris-based agency says was doing his job covering the protests.
  • President Recep Erdogan, who has repeatedly denounced the protests as "street terror", stepped up his attacks on the opposition.