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.

Iran offers to solve Lebanon’s electricity shortage

Tehran, Iran - Iran's Foreign Minister, Hossein Amir-Abdollahian, has offered to solve Lebanon's electricity shortage issue through bilateral cooperation despite...
  • Iran had previously supplied fuel to Lebanon via Syria last year, in response to a request from Hezbollah
  • Lebanon has been facing severe electricity crisis, with frequent power outages affecting households and businesses

Iraq president seeks to deepen partnership on his visit to Iran

Tehran, Iran--Accompanied by a large delegation, Iraq's President Abdul Latif Rashid arrived in Tehran to deepen economic, trade and political ties...
  • The two presidents will hold talks on trade, climate change, security, stability at the Saadabad Cultural and Historical Complex
  • The Iraqi president has maintained that the two neighbors can contribute to strengthening of security and stability in the region

Turkish president, UN chief discuss grain deal over phone, Sudan situation

Ankara, Turkey  - Turkish President Recep Tayyip Erdogan on Friday discussed over the phone with the UN Secretary-General Antonio Guterres...

Iranian president Raisi to visit Syria ‘in the near future’

Raisi's planned trip comes against the backdrop of a rapprochement between regional rivals Iran and Saudi Arabia, and increased Arab...
  • The planned visit comes in the context of "multidimensional" cooperation between Tehran and Damascus
  • Iran is a major ally of President Bashar al-Assad and has given financial and military support to his regime

European probe officials to question Lebanon central bank audit firms

European investigators probing Lebanese central bank chief Riad Salameh's wealth will question officials from two international firms previously tasked with...
  • Visiting European investigators plan to question officials from the Lebanon offices of Deloitte, Ernst and Young, and a local firm.
  • The European investigators arrived in Beirut this week on their third trip to Lebanon in connection with the probe.

Uzbekistan, IsDB ink pacts worth US$396.7m for infrastructure, education

JEDDAH, SAUDI ARABIA  - Islamic Development Bank (IsDB) President and Group Chairman Dr. Muhammad Al-Jasser and Uzbekistan Minister of Investments,...
  • Under the agreement, IsDB will provide US$260 million in financing for the Integrated Rural Development Project.
  • The project will empower local communities, improve their access to quality and resilient infrastructure.

UAE to take part in meeting with Arab finance ministers, experts

ABU DHABI, UAE - The UAE will participate in the Joint Annual Meeting of Arab Financial Institutions, which will be...
  • UAE will participate in the 52nd annual meeting of the Board of Governors of the Arab Fund for Economic and Social Development.
  • UAE will also take part in the 47th annual meeting of the Board of Governors of the Arab Bank for the Economic Development in Africa.

US slaps fresh sanctions on Russia, Iran for ‘hostage-taking’

The US is "showing that one cannot engage in this sort of awful behavior of using human beings as pawns,...
  • The sanctions came a month after Russia detained Wall Street Journal reporter Evan Gershkovich, charging him with spying
  • At least three US citizens are being held in Iranian prisons, including businessman Siamak Namazi, held in Tehran's Evin prison since 2015

‘Shots fired’ at vessel in waters south of Yemen, says British navy body

Previous attacks have been blamed on Somali pirates but they have fallen in recent years as a result of international...
  • Shots were fired at the unidentified vessel in the Gulf of Aden, said UKMTO, which provides security alerts for the shipping trade
  • UKMTO report comes a day after Iran seized a US-bound oil tanker in the Gulf of Oman, another waterway bordering the Arabian Peninsula

NATO secretary general calls Jordan king, reaffirms strategic partnership

Amman, Jordan - Jordan King Abdullah on Wednesday received a phone call from NATO Secretary General Jens Stoltenberg during which...
  • They discussed “the deep-rooted cooperation and strategic partnership,” in military, training, and defence areas
  • Earlier this month, Prime Minister Bisher Khasawneh met a delegation from the Republican Party of the US Congress

Indirect talks on ending Gaza war begin in Sharm El-Sheikh: Egypt media

Behind closed doors and under tight security, negotiators will speak through mediators shuttling back and forth, only weeks after Israel...

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Rocket fire wounds four UN peacekeepers in Lebanon

Italian Defence Minister Guido Crosetto said two 122 mm rockets appeared to have hit a bunker on the base. The...

Putin hints at strikes on West in ‘global’ Ukraine war

In a defiant address to the nation, Russia's president railed at Ukraine's allies granting permission for Kyiv to use Western-supplied...

Hezbollah says Israel ‘cannot impose conditions’ for truce

U.S. envoy Amos Hochstein announced "additional progress" in Lebanon-Israel ceasefire talks, heading to Israel to finalize an agreement amidst escalating...

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Iraqis face tough homecoming a decade after IS rampage

Hassan Shami, Iraq - A decade after Islamic State group extremists rampaged through northern Iraq, Moaz Fadhil and his eight children...
  • The jihadists seized a third of Iraq, ruling their self-declared "caliphate" with an iron fist, before an international coalition wrestled control from them in 2017
  • Seven years on, many of the village's homes are still in ruins and lacking essential services, but Fadhil said he felt an "indescribable joy" upon moving back in August

US envoy in Beirut says ‘real opportunity’ to end Israel-Hezbollah war

US special envoy said he was in Beirut because he saw "real opportunity" to end the Israel-Hezbollah war
  • US special envoy said he was in Beirut because he saw "real opportunity" to end the Israel-Hezbollah war
  • "I came back because we have a real opportunity to bring this conflict to an end," Hochstein said

Israel escalates bombing in Lebanon as Hezbollah fires projectiles; UN warns of Gaza famine

Israel escalated strikes on Hezbollah in Beirut and Tyre, targeting strongholds, while Hezbollah launched retaliatory attacks on Haifa, hitting a...
  • Israel has escalated its bombing of Lebanon since September 23 and has since sent in ground troops, following almost a year of limited, cross-border exchanges of fire
  • Israel's military chief Hezbollah had already "paid a big price" but Israel will keep fighting until thousands of its residents displaced from the north can return safely