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.

ADFD finances US$30m sustainable water project in Mauritania

ABU DHABI, UAE -  Abu Dhabi Fund for Development (ADFD) has signed an agreement with the government of Mauritania to...
  • The total value of the project, financed by several Arab and international financing institutions, is US$320 million.
  • The main objective of the project is to provide potable water to around 92 cities and villages in Mauritania.

Iran seeks end to repeated delays for restoring nuclear deal

In March, International Atomic Energy Agency (IAEA) chief Rafael Grossi visited Tehran after his agency's inspectors in the country found...
  • In 2018, US had pulled back from a 2015 nuclear deal that gave relief to Iran from sanctions in return for curbs on its nuclear program.
  • An agreement "is possible both in term of the technical and political aspects", Iran's foreign ministry spokesman Nasser Kanani said.

UAE Federal Treasury Sukuk Program appoints ADIB as primary dealer

ABU DHABI,  UAE - Abu Dhabi Islamic Bank (ADIB), a leading Islamic financial institution, has been appointed as a primary...
  • This new program has been launched by the federal government of the UAE, through the Ministry of Finance (MOF).
  • The program aims to issue Sukuk through Shariah-compliant structures as approved by the Higher Shari’ah Authority.

Air strike kills drug trafficker in Syria, says war monitor  

BEIRUT, LEBANON -  An air strike killed a major drug smuggler and his family in southern Syria on Monday, a war...
  • Jordan's army had said last year that drug trafficking from Syria into Jordan had become "organized".
  • Jordan has previously launched strikes targeting drug smugglers in Syria, some dating back to 2014.

China pivot to Central Asia: Xi to host first summit with regional countries

The summit in the city of Xi'an is the first of its kind, according to Chinese state media, and will...
  • Leaders of Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan and Uzbekistan are expected to attend the China-Central Asia Summit from May 18 to 19, said China's foreign ministry
  • The summit in the city of Xi'an is the first of its kind, according to Chinese state media, and will focus on strengthening economic and diplomatic ties with Beijing

Saudi crown prince holds talks with US, UAE, Indian NSAs on regional connectivity, link to South Asia  

The participants are reported to have discussed the broad contours of the massive joint project to build railway, maritime and...
  • The participants discussed the broad contours of the massive joint project to build railway, maritime and road connectivity in the larger region
  • They also deliberated ways to strengthen relations and ties between their countries in order to enhance growth and stability in the region 

Russia promises enough ammo to stay in Bakhmut: Wagner

Russian troops have battled since last summer to capture Bakhmut, the political importance of which has come to surpass any...
  • Rivalries between Yevgeny Prigozhin and the conventional army had boiled over during the battle for the now-devastated flashpoint, where Wagner is leading the assault
  • Wagner's chief has threatened to pull out of Bakhmut on May 10, blaming Defence Minister for tens of thousands of Russian casualties in a series of blistering videos

Jordanian-American committee discusses trade, food security

AMMAN, JORDAN -  The ninth session of the Joint Jordanian-American Committee, which was held in the United States, discussed cooperation...
  • The Jordanian delegation urged US investors to enhance investment in the Kingdom.
  • The delegation thanked US for its continuous support to Jordan in several sectors.

Iraqi PM, Lebanese minister discuss economic cooperation

BAGHDAD, IRAQ -  Iraq Prime Minister Muhammad Shia'a Al-Sudani said that the country is continuing regional economic communication. A statement...
  • Iraq Prime Minister said that the country is continuing regional economic communication.
  • Iraq supports stability and economic growth for itself and other friendly nations

Japan, South Korea eye detente as North Korea threat looms

Japan's Prime Minister Fumio Kishida said his "heart aches" for Koreans who suffered under colonialism, as Seoul and Tokyo seek...
  • Tokyo and Seoul have long been at odds over historic issues linked to Japan's brutal 1910 to 1945 colonial occupation of the Korean peninsula.
  • Bilateral ties were torpedoed in 2018, when South Korea's Supreme Court ordered Japanese firms to compensate the wartime victims of forced labor.

US envoys arrive at Gaza truce talks as Egypt, Hamas voice ‘optimism’

Both sides have responded positively to Trump's plan, which calls for a ceasefire, the release of all the hostages held...

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Turkey confirms Syria talks with Russia and Iran

A meeting was expected on the forum's sidelines between Turkey, and Damascus allies Iran and Russia.

Qatar resumes Gaza mediation: source with knowledge of talks

Doha, Qatar - Qatar has resumed its role as a mediator in efforts to secure a truce in the Israel-Hamas war...

Syria: Tens of thousands of Alawites flee Homs, fearing rebel advance towards Damascus-coast strategic link

Analysts said they expected the fighters led by Islamist group Hayat Tahrir al-Sham (HTS) to push on towards the city,...

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Iran says ready to study any Syrian request for troops

Tehran, Iran - Iran will consider any request from its Syrian ally for troops to help tackle a sweeping rebel offensive...
  • Iran and Syria have been close allies for decades and Iran has long provided military advisors to the Syrian armed forces
  • The Iranian government has been portraying the rebel assault as a US-Israeli plot to destabilise the Middle East

Lebanon says nine killed in Israeli strikes on southern villages

Many strikes on villages in southern Lebanon on Monday, after Israel said it was taking aim at dozens of Hezbollah...
  • Israel has carried out a near-daily series of strikes in southern Lebanon since the ceasefire
  • On Monday, the Lebanese army said an Israeli drone wounded a soldier

Israel vows ‘harsh response’ to Hezbollah attack

Israeli Defence Minister Israel Katz vowed a "harsh response" to a Hezbollah rocket launch targeting a military position on Monday
  • At least two people were killed on Monday in Israeli strikes in southern Lebanon
  • The ceasefire came into effect on November 27 and stipulates that Israel will not carry out offensive military operations