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.

Will tax the rich to avoid IMF ‘diktats,’ says Tunisia’s Saied

Despite reaching an agreement in principle last October on a bailout package worth nearly $2 billion, talks with the IMF...
  • "Instead of lifting subsidies in the name of rationalisation, it would be possible to introduce additional taxes on those who benefit from them without needing them," Saied said
  • Tunisian president did not say how such a plan might operate as employees' taxes are deducted at source and many Tunisians in the private sector do not declare their full income

UAE and Switzerland to enhance cooperation between judiciaries

Abu Dhabi, UAE - The UAE and Switzerland have discussed opportunities for cooperation between the Abu Dhabi Public Prosecution Office...
  • The two sides highlighted the significance of direct communication between the judicial authorities to simplify procedures.
  • They also shed light on the importance of concluding judicial agreements and exchanging relevant experiences.

US imposes economic, visa sanctions over violence in Sudan

Washington, United States -- The White House on Thursday announced economic and visa sanctions against Sudanese leaders responsible for breaking...
  • "We are following through by levying economic sanctions, imposing visa restrictions against actors who are perpetuating the violence," National Security Advisor Jake Sullivan said.
  • Sullivan noted that the sanctions are being enacted under the authority ordered by President Joe Biden in May.

Court in Lebanon accuses Hezbollah men of killing UN peacekeeper

A military judge has accused five members of the Iran-backed Hezbollah group, only one of whom is in custody, of...
  • Footage from surveillance cameras near the scene of the incident "clearly shows the patrol being attacked by armed men from all sides", the court document read.
  • Hezbollah has repeatedly denied involvement in the incident, and its security chief Wafic Safa has described the killing as "unintentional".

Turkish support in Germany for Erdogan fuels integration debate

Strong backing for President Recep Tayyip Erdogan among Turks in Germany in last weekend's historic election has sparked renewed soul-searching...
  • Erdogan's success in Germany was helped in large part by well-organised, and well-funded overseas organisations, said Gokay Sofuoglu, chairman of the Turkish Community in Germany
  • While many Turks in Germany have high levels of education, good jobs and decent incomes, critics say some still feel disillusioned by low levels of participation in politics

NATO chief to visit Ankara in ‘near future’ to push Sweden membership 

Turkey and Hungary are the only NATO countries that have yet to ratify Sweden's membership bid. Erdogan, who was re-elected...
  • Stoltenberg said he had already spoken to Erdogan by phone earlier this week to "highlight the importance of making progress" on Sweden's membership
  • Swedish Foreign Minister said Stockholm had fulfilled "all the commitments" to join NATO and urged Turkey and Hungary to allow his country into the alliance

UAE withdraws from US-led coalition that secures Gulf waterways

"As a result of our ongoing evaluation of effective security cooperation with all partners, two months ago, the UAE withdrew...
  • It is active in crucial but troubled Gulf waters where tankers have been seized and attacked in recent months.
  • A spokesperson for the Combined Maritime Forces said the UAE remains a partner nation, despite putting its participation on hold.

Sudan army suspends participation in US, Saudi brokered truce talks

The mediators of the talks in the Saudi Red Sea city of Jeddah have acknowledged repeated violations of the truce by...
  • The Sudanese army said the paramilitary Rapid Support Forces (RSF) had also "repeatedly violated the truce", a Sudanese government official said
  • Sudan specialist Aly Verjee said the mediators were eager to avoid a complete breakdown of the talks, for fear of a major escalation on the ground

Salvage of oil tanker stranded off Yemen can begin: UN

In an unprecedented salvage plan, the UN has purchased a super-tanker to remove the oil from the vessel in the...
  • The salvage operation, which will cost an estimated more than $140 million, has been assigned to a company called SMIT Salvage
  • SMIT Salvage will pump the oil from the 47-year-old Safer to the now UN-owned ship called Nautica, and then tow away the empty tanker

UAE is a reliable trade partner: Iranian foreign minister

Tehran, Iran-- Terming the UAE as a reliable trade partner, Iran's Foreign Minister Hossein Amir Abdollahian said bilateral between the...
  • The Iranian foreign minister made the remarks during a meeting with Khalifa Shaheen Al Marar, Minister of State of the UAE
  • Abdollahian said that ties between the two countries are strengthening at both the government and private sector levels

WEF’s Dubai Summit tackles existential digital risks

DUBAI, UAE – A powerful confluence of more than 500 experts and 150 cybersecurity leaders has converged in Dubai for...

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OPEC+ sticks to oil output plan after Trump’s price demand

In a bid to boost prices, the Organization of the Petroleum Exporting Countries (OPEC) headed by Saudi Arabia and Russian-led allies...

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...

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...

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Davos25: Working in silos can’t resolve systemic issues, says Catalyst Now’s Galtung

Davos, Switzerland -- Some of the biggest problems in the world today are systemic problems, which cannot be resolved with...
  • From 200 organizations in 2020, Catalyst Now has grown to 3,800 organizations working in 140 countries.
  • It's for the first time that there's a Social Innovation House in Davos. There is a commitment to do it again next year.

Trump pledges historic tax cuts, investment growth, oil price action, and Ukraine peace effort at Davos 2025

The newly inaugurated president remarked that he would “like to meet with President Putin soon” and “get the war ended,”...
  • The newly inaugurated president said he would reduce the US corporate tax rate from 21% to 15%, with foreign companies manufacturing goods in the US benefiting directly
  • Trump also indicated that lowering oil prices could be a key step towards ending the Ukraine-Russia war, urging Saudi Arabia and OPEC to reduce the cost of oil

Workers should have a say in AI implementation, says TUAC general secretary

Davos, Switzerland -- The transformation seen in the labor market brought about by green transition and new technologies has raised...
  • Nilsson said that in the green transition, the new jobs that have been created are of lower quality and workers are less protected.
  • AI can reduce discrimination in hiring but the technology itself can be rigged to increase discrimination, she warns.