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.

EU bicycle exports surged to US$1.1bn in 2022

BRUSSELS, BELGIUM -  The EU exported US$1.1 billion (€1.1 billion) worth of bicycles in 2022 (both electric and non-electric, a...
  • The EU exported 365,000 electric bicycles and imported 1.2 million in 2022 while the imports were worth US$2.6 billion.
  • The overall increase in the trade of bicycles can be attributed to an increase in the export and import of electric bicycles.

Dane, two Austrian-Iranian citizens released by Tehran arrive home

One Dane and two Austrian-Iranian citizens released from detention by Tehran arrived in their home countries, after the latest in...
  • Belgian Foreign Minister Hadja Lahbib welcomed them at the airport along with Danish and Austrian diplomats.
  • The trio's release, as well as that of a Belgian aid worker a week earlier, were part of a prisoner swap.

Iran, Saudi Arabia, UAE, Iraq, other regional powers plan naval coalition

Iranian Navy Commander Rear Admiral Shahram Irani has declared the formation of a new naval coalition. This alliance, encompassing regional...
  • The move reflects the region's understanding of the need for synergy and cooperation in establishing security
  • Iran, Russia, and China's annual naval exercises pointed to as a model for this regional coalition

Erdogan commences third term today amid economic crisis, West tensions

Turkey's Recep Tayyip Erdogan has been sworn in for a third term as president, promising to serve "impartially" after winning...
  • Despite the devastating February earthquake and economic crisis, Erdogan secures 52.18 percent of the vote
  • Erdogan's economic policy, including his unconventional approach to interest rates, is under scrutiny

Human fraternity, climate change among top priorities for UAE as president of UNSC

The UAE will host three high-level Council meetings in June, aiming to promote interfaith dialogue, address climate change impacts on...
  • The UAE will host three high-level Council meetings in June, aiming to promote interfaith dialogue, address climate change impacts on worldwide conflicts
  • The UAE also seeks to host a high-level briefing on cooperation between the UN and the League of Arab States will take place on June 8

Saudi Foreign Minister meets with Iranian counterpart on BRICS sidelines

Cape Town, South Africa -- Saudi Arabia Minister of Foreign Affairs, Prince Faisal bin Farhan bin Abdullah, met Friday with...
  • The two ministers reviewed bilateral relations in various fields, in addition to following up the steps to implement the agreement between the two countries signed in Beijing
  • Iran, Saudi Arabia and the United Arab Emirates foreign ministers attended the BRICS meeting in South Africa this week, as the bloc seeks to expand its membership

US secretary of state Antony Blinken to visit Saudi Arabia

Blinken's June 6-8 trip comes as both the United States and Saudi Arabia are seeking to broker a durable cease...
  • He will participate in a ministerial meeting on Wednesday with the Gulf Cooperation Council, and on Thursday in a meeting in Riyadh of the coalition of countries fighting the ISIS.
  • Blinken's trip follows a recent visit to Saudi Arabia by White House National Security Advisor Jake Sullivan and nearly a year after President Joe Biden visited the country.

Danish, two Austrian-Iranian citizens freed by Iran

Iran released one Danish and two Austrian-Iranian citizens it had been holding after mediation by Oman, and they are being...
  • Thanking Belgium, Austrian Foreign Minister Alexander Schallenberg said, "Our years of diplomatic efforts to secure their release have borne fruit."
  • The Danish man, who was not immediately identified, had been arrested in Iran in November 2022 on the sidelines of a demonstration for women's rights.

UN evokes ‘specter of food inflation’ as Ukraine grain exports slow down

"In May, 33 vessels departed Ukrainian ports, half of the number compared to April. Only three of those departed from...
  • UN says Russia "has informed of its decision to limit registrations to the port of Yuzhny/Pivdennyi as long as ammonia is not exported"
  • Moscow is calling in particular for a resumption of operations on the Togliatti-Odessa pipeline for deliveries of ammonia

Morocco to teach Berber language in more schools

Morocco has the largest population of Berbers in North Africa, and Thursday's decision responds to a long-standing demand by activists...
  • The decision will affect some four million children in 12,000 schools between now and the end of the decade, Chakib Benmoussa told reporters
  • Last month, King Mohamed VI declared that the Berber new year's day on January 13 would be an official public holiday from next year

Trump says ‘will disarm’ Hamas: ‘It will happen quickly and perhaps violently’

Trump's comments came the day after he swung through the Middle East to celebrate the Gaza ceasefire deal, with questions...

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West Bank’s Jenin camp going in ‘catastrophic direction’: UNRWA

The Israeli military launched a major offensive in the West Bank on January 21 aimed at rooting out Palestinian armed...

Risks are interconnected, need collaborative solutions, says WEF’s Mark Elsner

Davos, Switzerland – Mark Elsner, Head, Global Risks Initiative, World Economic Forum sat with TRENDS during WEF’s summit in Davos...

Trump, Netanyahu to discuss Gaza ceasefire, regional stability in White House meeting

Trump has floated a controversial plan to relocate Palestinians to neighboring countries, but Egypt, Jordan, and ceasefire mediator Qatar have...

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Syrian President’s first foreign trip to Saudi Arabia signals Syria’s shift away from Iran’s influence.

Syrian President Ahmed al-Sharaa met Saudi Crown Prince Mohammed bin Salman in Riyadh, marking his first foreign visit and signaling...
  • Al-Sharaa’s visit signals Syria’s pivot away from Iran and closer ties with the Gulf states
  • Saudi Arabia is leading efforts to reintegrate Syria into the regional fold and push for sanctions relief

Maori-led AI initiative can revolutionize language preservation, says Peter-Lucas Jones

Davos, Switzerland -- Peter-Lucas Jones, a Kaitaia native, who has been listed in the prestigious Time100 AI 2024 List, was...
  • Peter-Lucas Jones, a Time100 AI 2024 List honoree, discussed AI's role in preserving the Te Reo Maori language at the World Economic Forum in Davos.
  • His team at Te Hiku Media developed Te Reo Maori natural language processing tools and an automatic speech recognition model.

Readying for jobs of tomorrow: WEF’s Till Leopold stresses upskilling

Davos, Switzerland -- In the next five years, millions of jobs will be created. Governments, employers, and education institutions, therefore,...
  • The key report findings highlighted that there will be 78 million new job opportunities by 2030 but urgent upskilling is needed to prepare workforces.
  • The fastest-growing skills by 2030 will include technological skills alongside human skills, such as cognitive skills and collaboration.