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.

Sudan summit pleads for peace as UN reports mass grave in Darfur

Amid reports of a mass grave having been found in the country's Darfur region, the African leaders summit exhorted an...
  • The war between rival generals in Sudan has left nearly 3,000 people dead and millions homeless
  • Many of Sudan's neighbors fear a spillover of the conflict into their countries, escalating the crisis

Egypt, Ethiopia to finalize deal on Nile dam in four months

The two countries resolved to finalize a deal over Ethiopia's big dam on the Blue Nile in four months, a...
  • The two leaders, according to a joint statement, "discussed ways of overcoming the current stalemate in negotiations"
  • Egypt sees the dam as an existential threat as it depends on the Nile for 97 percent of its water requirements

Chinese hackers breach mail accounts of US agencies: Microsoft

Microsoft did not identify the targets but a US State Department spokesperson said the department had "detected anomalous activity" and...
  • "The threat actor Microsoft links to this incident is an adversary based in China that Microsoft calls Storm-0558," the company said
  • Microsoft said Storm-0558 gained access to email accounts at approximately 25 organizations including government agencies

Tunisia protestors demand jailed opposition figures be freed

Around 100 protesters rallied in Tunisia's capital to demand freedom for detained critics of President Kais Saied who has ruled...
  • In addition to the crisis triggered by President Saied's power grab, Tunisia has been shaken by a serious financial crunch and is in search of foreign aid.
  • European parliamentarians expressed their opposition to any "unconditional agreement" between the EU and Tunisia, citing "the excesses" of Saied.

Climate summit needs private sector to succeed: Sultan Al Jaber

We cannot shut down the energy system of today before we build the new energy system of tomorrow that is...
  • The phase down of fossil fuels is both "inevitable" and "essential", he said, mindful of calls by some countries for a decision at COP28 to phase out fossil fuels.
  • But "I don't have a magic (wand)" as to when that will happen, he told AFP in Brussels, after outlining his action plan and goals for the year-end summit.

Israeli fire wounds Hezbollah members near Lebanon-Israel border: security source

The Israeli army said in a statement that "a number of suspects approached the northern security fence with Lebanon and...
  • The incident comes amid tensions along the Israel-Lebanon border area, a stronghold of the Shiite movement and the site of sporadic skirmishes
  • Sources said Hezbollah members had been wounded. One said a sound grenade was fired and that three members were "lightly" hurt

Egypt hosts regional meeting in push to resolve Sudan war

The Egyptian presidency said the meeting in Cairo will be attended by representatives of "Sudan's neighboring countries", but has not...
  • Egyptian President and Ethiopian PM Abiy Ahmed "discussed ways to settle the crisis in Sudan", Sisi's spokesman announced late Wednesday
  • The talks aim to "stop the bloodshed of the Sudanese people" and the "negative repercussions on neighbouring countries", Cairo said

India’s quandary in Gulf: How to maintain foothold as China steps into US breach

Dubai, UAE - Indian officials are concerned about China's growing influence in the Middle East and how it will impact...
  • India until now has allowed it to maintain robust relations wit all three poles of power - Israel, Iran, and Saudi Arabia - while countering China's influence.
  • New Delhi's strategy involves building new institutions, such as the I2U2 grouping, with a focus on geoeconomics and high technology. 

EU clears biodiversity bill seeking natural habitat protection

The parliament's biggest political grouping, the conservative European People's Party (EPP), had sought to shoot down the text, arguing that...
  • The text endorsing the Nature Restoration Law passed with 336 votes in favor, 300 against and 13 abstentions.
  • The Nature Restoration Act, initiated by the European Commission, aims to resuscitate degraded ecosystems.

OECD says sizeable progress made on sharing tax revenue on multinationals

Nearly 140 countries have taken a first step towards reaching agreement on a fairer distribution of tax revenues from multinational...
  • Multinationals, especially tech firms, are currently able to easily shift profits to countries with low tax rates.
  • In 2021, in talks led by the OECD, an agreement was reached on a minimum tax rate of 15 percent on multinationals.

ICJ says Israel obliged to allow aid into Gaza as Turkey, Qatar move to protect truce

The ICJ ruling came as aid groups scrambled to scale up much-needed humanitarian assistance into Gaza, seizing upon a fragile...

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Israel PM accuses security chief of investigating minister without his consent

Prime Minister Benjamin Netanyahu on Monday accused Israel's internal security chief, whose dismissal was blocked by the supreme court, of...

Trump pushes for Ukraine peace as US, Russian officials hold ceasefire talks in Saudi Arabia

US President Donald Trump is pushing for a rapid end to the three-year war and hopes talks in Riyadh could...

Israel presses ground offensive in Gaza, encircles part of Rafah city

Israel's military pressed ground operations across the Gaza Strip on Sunday, encircling part of Rafah city near Egypt almost a...

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Tens of thousands in France protest against racism and far-right

Tens of thousands of people in Paris and other French cities on Saturday rallied against racism and the rise of...
  • The rallies took place amid the rightward shift in French politics, with the government pledging to tighten immigration policies and border controls
  • In the runup to the rallies the LFI party caused an uproar in France by publishing the image of Cyril Hanouna, one of the most influential stars of right-wing media

Israel conducts deadly strikes on Lebanon after ‘cross-border rocket fire’ denied by Hezbollah

Israeli defence chiefs said they held the Lebanese government responsible for all hostile fire from its territory regardless of who...
  • Lebanon's official National News Agency reported one girl among two killed in an Israeli strike on the southern town of Touline
  • The Israeli army said six rockets, three of which were intercepted, were fired from Lebanon into northern Israel

Fatah urges Hamas to cede power to safeguard ‘Palestinians’ existence’

Gaza City, Palestinian Territories -- Palestinian president Mahmud Abbas's Fatah movement called on Hamas on Saturday to relinquish power in...
  • "Hamas must show compassion for Gaza, its children, women and men," Fatah spokesman Monther al-Hayek said in a message sent to AFP from Gaza.
  • Hamas seized power in Gaza in 2007 from the Fatah-dominated Palestinian Authority, and subsequent attempts at reconciliation have failed.