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.

Countries need $97 billion to achieve education targets: UNESCO

Paris, UAE -- Without $97 billion in extra funding, a range of countries will fail to meet their 2030 national...
  • The largest financing gap is in sub-Saharan Africa: $70bn per year. The region has the furthest distance to travel, with 20 percent of primary school age children not in school.
  • Around one third of the gap could be filled if donors fulfilled their aid commitments and prioritized basic education in the poorest countries, the report found.

Houthi rebels and Yemen government complete prisoner exchange

Sanaa, Yemen-- Yemeni rebels and government forces freed scores of prisoners Sunday on the last of a three day exchange of...
  • Planes carrying detainees took off at the same time from the capital of Sanaa and the government-controlled northern city of Marib, ICRC said
  • Three other flights during the day were to complete the deal reached in Switzerland last month to exchange 181 government forces for 706 rebels

Two killed in Iraqi Kurdistan in strikes blamed on Turkey

The PKK, which Ankara and its Western allies classify as a "terrorist" organisation, operates rear bases in Iraq's north. Since...
  • The strikes late Saturday near the town of Penjwen, close to the Iranian border, targeted a vehicle carrying Turkish Kurdish fighters from the Kurdistan Workers' Party
  • Haval Abubaker, regional governor of Sulaimaniyah, expressed his "concern" about the "attacks" in a telephone call with Masrour Barzani, PM of Iraq's autonomous Kurdistan

Thousands fill up Tel Aviv to protest against government’s judicial reforms

The 15th consecutive week of protest came after Prime Minister Benjamin Netanyahu on March 27 announced a "pause" to allow...
  • Smaller protests also took place in the northern port of Haifa and outside the home of Justice Minister Yariv Levin in Modiin
  • Saturday's demonstration came a day after US rating agency Moody's announced it was lowering Israel's rating from "positive" to "stable"

Syrian foreign minister visits Algeria to boost ties

Algiers, Algeria-- Syrian Foreign Minister Faisal Mekdad arrived in Algeria on Saturday, Algerian state radio reported late on Friday, a...
  • According to Algerian state radio, the visiting foreign minister was welcomed by Ahmed Ataf, Algerian foreign minister
  • Faisal Mekdad arrived in Saudi Arabia on Wednesday, in the first such trip since civil war broke out in Syria in 2011

Lula visit: Brazil, UAE seal climate, biofuels deals

They also announced a series of deals, including one for the UAE-controlled Mataripe refinery in northeastern Brazil to invest up...
  • The countries said in a joint statement the leaders had discussed a range of subjects including trade, technology, defense, aviation and food security
  • The strategically located Gulf monarchy is Brazil's second-largest trading partner in the Middle East, according to the official WAM news agency

Brazil president reaches UAE to enhance bilateral ties

ABU DHABI, UAE - Brazilian President Luiz Inacio Lula da Silva arrived here Saturday, following a two-day visit to China to...
  • The UAE is Brazil's second-largest trading partner in the Middle East, according to reports.
  • Trade between the two trade excluding petrol totaled over US$4 million in 2022 - a 32 percent rise from 2021.

Iranian police to prosecute women violating dress code

Iranian police said they will deal with women who violate the Islamic dress code. The number of women defying the...
  • A wave of civil protest swept the Islamic republic after Amini's death, three days after her arrest by the morality police.
  • "Removing hijab is considered a crime, and the police deal with social anomalies within the framework of the law," the police said

Saudi plane hit by gunfire in Sudan unrest, says airline

A passenger plane preparing to take off from Sudan for Saudi Arabia came under fire as deadly fighting rocked Khartoum,...
  • Clashes broke out between Sudan's army and paramilitaries, and the doctors' union reported three civilian deaths, including at Khartoum's airport.
  • Both the Saudi foreign ministry and the Gulf Cooperation Council, headquartered in Riyadh, issued statements of concern about the violence.

Nuclear power reactors to shut down in Germany

BERLIN, GERMANY - Germany will switch off its last three nuclear reactors on Saturday, exiting atomic power even as it seeks...
  • The exit decision was popular in a country with a powerful anti-nuclear movement, stoked by lingering fears of Cold War conflict and atomic disasters.
  • The challenge caused by Russia's invasion of Ukraine put an end to cheap gas imports and has upped calls in Germany to delay withdrawal from nuclear power.

Palestinian agency says water supply resumes in central Gaza

The Ramallah-based Palestinian Water Authority said Friday that running water would return to central Gaza after damage to supply lines...

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Hezbollah names Naim Qassem as leader; Israel vows he “won’t last long” amid escalating conflict

Hezbollah's Qassem, succeeding slain Nasrallah, pledges resistance as Israel intensifies Gaza strikes, killing scores. International anger grows after Israel's UNRWA...

Mideast at ‘most dangerous juncture’ in decades: UN official

The UN's special coordinator for Middle East peace warned that the region was at its "most dangerous juncture" in decades

Updates: Israel slaps ban on United Nations and kills more than 150 in Lebanon and Gaza

Shunning international pressure, Israeli parliament passed a bill banning a United Nations aid agency, and also intensified its strikes against...

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Updates: Iran calls on UN Security Council to condemn Israeli strikes amid fresh peace efforts

Iran unlikely to escalate situation with Israel, say experts, as UN chief says destruction in Gaza is "shocking". Netanyahu faces...
  • Iran sends letter to the UN Council to condemn Israeli "aggression" intelligence chief meet in Doha to discuss ceasefire
  • "Repeated efforts to deliver humanitarian supplies essential to survive -- food, medicine and shelter -- continue to be denied by the Israeli authorities..."

Updates: Israel targets key military sites in Iran amid escalating tensions in Middle East

Explosions sounded across Tehran after Israel’s airstrikes on Iranian military sites, raising fears of a broader conflict in the Middle...
  • The rapid escalation of violence has heightened fears across the region and beyond of a wider war, pitting Israel against Iran and the allies it dubs the "axis of resistance"
  • US National Security Council spokesman Sean Savett said the "targeted strikes on military targets" are " exercise of self-defence and in response to Iran's ballistic missile attack

Israel and Hamas near ceasefire talks, spy chief heads to Qatar as truce momentum builds

Israel’s Mossad chief will travel to Qatar for ceasefire negotiations as Hamas signals readiness to halt fighting, contingent on Israel...
  • Previous bids to stop the year-long war have failed, though the United States has voiced hope the killing of Hamas leader Yahya Sinwar last week could serve as opening for a deal
  • A senior Hamas official told AFP that a delegation from the group's Doha-based leadership discussed "ideas and proposals" related to a Gaza truce with Egyptian officials in Cairo