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.

Tensions high as Israel nationalists march into east Jerusalem to commemorate its capture

Thursday's march began in the western part of the city before passing into east Jerusalem and through the Old City...
  • Palestinians in annexed east Jerusalem closed their shops and were banned from the Damascus Gate entrance to the Old City, a social hub, to make way for the marchers
  • Before the march, dozens of Jews, including three lawmakers from Netanyahu's party and a minister from Ben-Gvir's Jewish Power faction visited Al-Aqsa mosque compound

Eyes on Bashar al-Assad as Arab summit kicks off in Saudi

The summit in Saudi Arabia comes at a time when the world's biggest oil exporter is flexing its diplomatic muscle...
  • Assad arrived in the Red Sea coastal city of Jeddah on Thursday for the Arab League gathering, his first since the bloc suspended Syria in 2011
  • Saudi Arabia has restored bilateral ties with Syria and ramped up a push for peace in Yemen, where it leads a military coalition against Houthi rebels

After hitting Russia with new sanctions, G7 leaders visit Hiroshima memorial

G7 leaders, including the heads of nuclear-armed Britain, France and the United States, arrived at the city's Peace Park to...
  • The G7 leaders began their visit with a stop at Hiroshima Peace Museum, which contains graphic evidence of the devastation caused by US nuclear attack in 1945
  • US and its G7 allies rolled out new sanctions against Russia's war machine Friday, targeting Moscow's lucrative diamond trade and more entities linked to Ukraine war

UAE discusses global economic challenges in EBRD meeting

SAMARKAND, UZBEKISTAN -  The UAE, represented by the Ministry of Finance (MoF), participated in the 2023 Annual Meeting of the...
  • Representatives of member states, private sector, the Board of Directors and the bank's management attended the meeting.
  • The UAE said focus should be on enhancing regional, global integration, to facilitate trade, investment and closer economic cooperation.

G7 to squeeze Russia, weigh risk of China’s ‘economic coercion’

Japanese PM Fumio Kishida is hosting leaders from six other wealthy democracies in his hometown -- a city synonymous with...
  • G7 nations have already adopted sanctions on Russian banks and military firms, and placed price caps on Russian crude. Discussions are expected on tighter enforcement.
  • Summit discussions on China are expected to focus on efforts to insulate G7 economies from potential economic blackmail, by diversifying supply chains and markets.

Conflict zones in Middle East are not getting climate funds, say aid groups

DUBAI, UAE - Conflict-plagued countries in the Middle East are among the most vulnerable to climate change but are almost entirely...
  • The UN ranks Iraq, recovering from decades of conflict, as one of five countries most impacted by effects of climate change including drought.
  • Syria and Yemen are also at heightened risk following years of war that has battered both the country's infrastructure.

MENA region takes significant strides towards renewable energy, says Prince Albert II of Monaco

The Monaco prince commends the Saudi Green Initiative, Middle East Green Initiative and the upcoming COP in Dubai as "remarkable...
  • Prince Albert recognizes the remarkable environmental initiatives undertaken by the MENA region and offers his support and willingness to contribute to these efforts
  • Stressing on global collaboration, Prince Albert II emphasizes that the fight against climate change and the preservation of biodiversity cannot be won by isolated efforts

Amid G7 gathering in Japan, Xi hosts summit with Central Asian leaders

Beijing says trade with Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan and Uzbekistan reached $70 billion in 2022 and expanded 22 percent year-on-year...
  • Held in the ancient Chinese city of Xi'an, the historic eastern end of the Silk Road that linked China to Europe, this week's summit is of "milestone significance"
  • It comes as Beijing pushes to fill the vacuum left in former Soviet states by Russia's war in Ukraine -- and as Xi attempts to expand China's global influence

Ukraine grain deal extended for two months: Erdogan

Erdogan made the announcement one day before it had been due to expire, scoring a diplomatic coup ahead of a...
  • Erdogan said Russia had agreed not to block ships from leaving two Ukrainian harbours, expressing hope that the deal would be "beneficial for all the parties"
  • NATO member Turkey has worked to maintain good ties between Russia and Ukraine, hosting two but unsuccessful rounds of peace talks between the warring sides

Money laundering and terrorism financing pose threat to world: UAE

The three-day conference in Abu Dhabi has brought together officials from around the world to discuss the menace of money...
  • The official emphasized the importance of cooperation among nations to combat money launder and terrorism financing
  • The UAE has set up specialist department and has signed a slew of agreements to coordinate with many countries to fight money laundering

US announces deal for Qatar air force facility in Idaho housing F-15 fighter jets, pilots

The announcement comes soon after President Donald Trump signed an executive order vowing to defend the Gulf Arab state against...

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Netanyahu tells Israel parliament ‘some progress’ on Gaza hostage deal, defence minister admits to killing Haniyeh

In an interview with The Wall Street Journal last week, Netanyahu said, however, said he was not going to agree...

Post-Assad Syria seeks peace; Erdogan pushes anti-terror agenda, US warns on Kurdish conflict

Barbara Leaf, Washington's top diplomat for the Middle East, told Syria's new leader Ahmed al-Sharaa of the "critical need to...

HRW accuses Israel of ‘acts of genocide’ for restricting Gaza water access

Human Rights Watch (HRW) accused Israel of committing "acts of #genocide" in the Gaza Strip by damaging water infrastructure and...

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UN envoy warns Syria conflict not over yet

United Nations' special envoy for Syria, Geir Pedersen, referring to fighting between the US-backed, Kurdish-led Syrian Democratic Forces (SDF) and...
  • Israel has carried out hundreds of strikes on Syrian military assets since Assad's overthrow
  • Large-scale returns of refugees to Syria could destabilize the country further

UN envoy warns Syria conflict persists as rebels seek international ties post-Assad ouster

The UN migration chief expressed concerns about large-scale refugee returns destabilizing Syria further, particularly affecting religious minorities who fled violence...
  • The United Nations' special envoy for Syria, Geir Pedersen, said on Tuesday "there have been significant hostilities in the last two weeks, before a ceasefire was brokered."
  • Israel has carried out hundreds of strikes on Syrian military assets since Assad's overthrow in what it says is a bid to prevent them falling into hostile hands

Syria since Assad’s overthrow: latest developments

HTS leader Abu Mohammed al-Jolani said that all rebel factions in Syria would "be disbanded and the fighters trained to...
  • Assad denounced the country's new leaders as "terrorists"
  • President Elect Trump said Turkey did an unfriendly takeover, without a lot of lives being lost