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.

World Bank estimates Syria reconstruction costs at $216 billion

"The conflict has damaged nearly one-third of Syria’s pre-conflict gross capital stock, with direct physical damages to infrastructure, residential buildings, and...

Saudi Arabia, Japan issue joint statement on Lighthouse Initiative for Clean Energy Cooperation

RIYADH, SAUDI ARABIA – Saudi Arabia and Japan issued a joint statement on Lighthouse Initiative for Clean Energy Cooperation. The...
  • Recognizing net-zero and clean energy ambitions, both sides decided to establish the KSA-Japan Lighthouse Initiative for Clean Energy Cooperation.
  • The initiative will serve as a beacon for other countries and regions as they develop their strategies and roadmaps toward their net zero ambitions.

Dubai posts 44 percent growth in business event bid wins in H1 2023

DUBAI, UAE – The city has registered a strong year-on-year growth of 44 percent in business event bid wins in...
  • Dubai Business Events worked with partners and stakeholders to win 143 conferences, congresses, meetings and incentives in H1 2023.
  • These events are expected to bring over 94,000 additional visitors to the city, including global experts and leaders in their respective fields.

Global debt dominates as G20 finance chiefs meet in India

Indian Finance Minister Nirmala Sitharaman, chair and host of the summit in Gandhinagar, began by telling finance leaders of "the...
  • Key on the two-day agenda will be "facilitating consensus to intractable issues associated with rising indebtedness", Sitharaman said
  • A top official from G20 chair India said there had been a "not so encouraging response" from Beijing on shared debt understanding

Libya border guards rescue migrants in desert near Tunisia

Many journalists at the Libyan-Tunisian border saw migrants who were visibly exhausted and dehydrated, sitting or lying on the sand...
  • Hundreds of migrants from sub-Saharan African countries were forcibly taken to desert and hostile areas bordering Libya and Algeria after racial unrest in early July in Sfax
  • Hundreds of migrants fled or were forced out of Sfax after racial tensions flared following the July 3 killing of a Tunisian man in an altercation between locals and migrants

War-scarred Sudan refugees face soaring rent prices in Cairo

As Egypt said more than 250,000 people crossed in from Sudan -- fleeing ceaseless air strikes, street battles, rampant looting...
  • Purchasing power in the import-dependent economy has been slashed as families struggle to make ends meet
  • New arrivals from Sudan face hardships, with realtors reporting a sharp increase in demand in Egypt's Cairo

Towards the next 50 years between Japan and UAE

"In education, Japan is working to promote study exchanges and internships for Emirati students and young professionals. Japan continues to...
  • Japan has contributed significantly to the development of the UAE's oil industries and infrastructure since the 1960s, writes Japanese Prime Minister Fumio Kishida
  • Cooperation between Japan and the UAE spans sectors such as climate change, education, science and technology, space, and defense, the Japanese PM points out

Tunisia and EU sign ‘strategic’ deal on economy, migration

The deal between the two countries will include partnership on irregular migration, economic development and renewable energy. Tunisia has been...
  • European Commission President Ursula von der Leyen said Sunday's accord aims to "invest in shared prosperity"
  • The International Organization for Migration has said 2,406 migrants died or disappeared in the Mediterranean in 2022

Israeli court orders government to release seized Palestinian boat

GAZA CITY, PALESTINIAN TERRITORIES - Israel returned a boat to a Gaza fisherman it had seized for allegedly breaching the limits...
  • Israeli authorities had called for the vessel, belonging to fisherman Mohammad al-Hissi, to be permanently confiscated.
  • However, a Haifa court last month ordered that the boat be returned to Hissi even as legal proceedings continued.

Iraq, Syria pledge to enhance cooperation, counter terrorism

They discussed "reinforcing cooperation between the two countries in various sectors... in addition to joint efforts to fight back against...
  • Despite the conflict Iraq maintained diplomatic ties with its neighbor Syria and on Sunday Assad hosted Iraqi Prime Minister Mohamed Shia al-Sudani for talks in Damascus.
  • They discussed "reinforcing cooperation between the two countries in various sectors... in addition to joint efforts to fight back against terrorism".

Production restarts at Libya oil fields after protests end

Tripoli, Libya - Oil production has resumed at two major Libyan oil fields, the oil ministry said Sunday, after a brief...
  • Demonstrators had been protesting against the arrest of a former minister Faraj Abderrahmane Boumtari.
  • Members of his Zouaya tribe on Thursday threatened to block oil terminals in the east if he was not released. He was released Saturday.

Rubio says Israel annexation moves in West Bank, settler violence ‘threatening’ Gaza peace deal

Israeli lawmakers voted Wednesday to advance two bills on annexing the occupied West Bank, barely a week after President Donald...

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Macron hosts European leaders to discuss Ukraine’s security amid ceasefire talks with Russia

The meeting is seeking to set out what security guarantees Europe can offer Ukraine once a ceasefire deal is agreed,...

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...

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...

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Russia, Ukraine agree to halt Black Sea strikes in US-brokered talks in Saudi Arabia

With President Donald Trump pushing for a rapid end to the war that has killed tens of thousands of people,...
  • The United States said it would also look for ways to enforce a ban on strikes on energy infrastructure in the two countries
  • Zelensky told a news conference in Kyiv that the talks also discussed bringing in third parties to oversee a future truce

Syria slams ‘flagrant’ Israeli violation after deadly bombardment

Syria slammed Israeli attacks as a "flagrant violation" of its sovereignty after deadly bombardment Tuesday in the country's south, where...
  • The violence near the UN-patrolled buffer zone on the Golan Heights followed Israeli air strikes in central Syria, the latest in a string of attacks on military sites
  • Israel has launched hundreds of strikes on military sites since Assad's fall in December, saying it wants to prevent weapons from falling into the hands of jihadists

Houthi PC small group’ leak: Probe underway after sensitive info exposure

The breach became public on Monday after The Atlantic magazine's editor-in-chief Jeffrey Goldberg published an article recounting how he was...
  • On March 14, messages in the group indicated that a US strike was being prepared against Yemen's Iran-backed Houthi rebels.
  • The militant group has been trying to interrupt trade via the Red Sea and have targeted US military vessels several times in recent months.