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.

World’s largest online cybercrime site shut in police crackdown

Genesis Market sold the identities of over two million people for as little as $0.70, allowing hackers to target bank...
  • The website was based in Russia, according to the US Treasury, which said it had imposed sanctions against Genesis Market.
  • Action against criminals took place in countries including Australia, Britain, Canada, the United States and more than 10 countries in Europe.

Iran welcomes US decision to spur peace process in Yemen

TEHRAN, IRAN - Iran on Wednesday welcomed a US call to help end the long-running conflict in Yemen by backing a peace...
  • Sunday marked the first anniversary of the UN-brokered truce between the Yemeni government and the Iran-backed rebels.
  • UN Yemen envoy Hans Grundberg described it as a "moment of hope" as the truce was largely holding despite lapsing in October.

WTO sees 2023 global trade growth at 1.7 percent

The World Trade Organization said 2023 global trade growth would be slightly better than feared, but would remain "subpar", weighed...
  • The forecast was slightly better than feared last October, when the WTO projected 2023 trade growth would be as low as one percent.
  • The organization's economists also estimated that real global GDP growth at market exchange rates would be 2.4 percent this year.

Iran names envoy to UAE after nearly eight-year absence

Iran and the United Arab Emirates have long had close economic ties which continued even during the diplomatic chill. A...
  • The move comes after Iran welcomed an Emirati ambassador last September ending a six-year absence
  • The UAE had cut the level of its diplomatic representation after neighbouring Saudi Arabia severed ties in 2016

Iran working on key pipeline to supply gas to Oman

Reza Noshadi, who heads the National Iranian Gas Company’s engineering subsidiary, said that Iran will be able to export gas...
  • In June last year, Oman and Iran signed deals to develop two gas pipelines and an oil field along their maritime border
  • Oman has close ties with Iran and played a mediating role between Tehran and Washington in the build-up to the nuclear deal in 2015

UAE president discusses ties, regional situation in phone call with Netanyahu

Abu Dhabi, UAE - The UAE president Sheikh Mohamed bin Zayed Al Nahyan received a phone call from Benjamin Netanyahu, Prime...
  • Sheikh Mohamed affirmed the UAE’s ongoing commitment to ties with Israel, describing their cooperation as a strategic approach to peace and development
  • A separate statement from Netanyahu's office said the two leaders agreed to "continue the dialogue between them in a personal meeting in the near future."

Israeli police storm Al-Aqsa mosque to remove ‘agitators’

Israeli police stormed into the Al-Aqsa mosque on Wednesday to dislodge what it calls agitators in a move condemned as...
  • According to witnesses, several rockets were fired from the northern Gaza Strip toward Israeli territory after the announcement of the clashes at Al-Aqsa
  • Clashes between Palestinians and Israelis have often erupted in the mosque compound in the Israeli-annexed Old City of east Jerusalem, particularly during the month of Ramadan

France’s Macron in China to discuss Ukraine war, trade ties

The French leader's aims include preserving and rebalancing China's trade ties with Europe as well as safeguarding French interests in...
  • Macron will look to stand firm on Ukraine during talks with his counterpart Xi Jinping and offer "another path" from the Washington's confrontational tone
  • The French leader's aims include preserving and rebalancing China's trade ties with Europe as well as safeguarding French interests in the Asia-Pacific region

Trump pleads not guilty to 34 criminal charges, trial in Jan 2024

Former US president Donald Trump is charged with 34 felony counts of falsifying business records stemming from three pre-election hush-money...
  • The twice-impeached Republican is the first sitting or former American president to be criminally indicted, propelling the US into uncharted political waters.
  • Trump's attorney says the indictment was "sad and we're going to fight it, we're going to fight it hard".

Israeli strike, fourth in a week, kills two civilians in Syria

Damascus, Syria - An Israeli air strike on Tuesday killed two Syrian civilians, state media reported, the fourth such attack on...
  • During more than a decade of civil war in Syria, Israel has launched hundreds of air strikes on its territory, primarily targeting Iran-backed forces and Hezbollah fighters.
  • While Israel rarely comments on the strikes it carries out on Syria, it has repeatedly said it will not allow its arch-foe Iran to extend its footprint in the war-torn country.

Israel issues ‘last’ warning for Gazans to flee main city as Hamas weighs truce plan

Israeli forces killed at least 46 people, including 36 in Gaza City. The deceased include two aid workers southwest of...

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US warns Israel not to repeat Gaza destruction in Lebanon

Netanyahu said in a video address addressed to the people of Lebanon on Tuesday: "You have an opportunity to save...

Saudi Crown Prince holds talks with Iranian foreign minister in Riyadh

Saudi Arabia and Iran hold discussions on bilateral and regional issues, especially on peace efforts in Lebanon and Gaza. Also,...

Iran FM in Saudi for talks on Gaza and Lebanon

Iranian Foreign Minister Abbas Araghchi's arrival in Saudi Arabia aims to address Israeli military aggression in Gaza and Lebanon, seeking...

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Lebanese fishermen stay ashore after Israeli warning

The Israeli army warned late Monday that it would expand its operations against the Lebanese fighter group Hezbollah to Lebanon's...
  • Israel warned people to stay away from the shore in the area south of the Al-Awali River
  • Issam Haboush, a fisherman, said he was worried about his family

Fleeing Israeli bombs, Lebanon’s displaced met with suspicion

Lebanon remains split over the group's decision to open a front against Israel in solidarity with Gaza and drag the...
  • For weeks, Israeli strikes have widened in pursuit of Hezbollah members, causing civilians from the Iran-backed group to be shunned, as people fear they could draw further attacks
  • After nearly a year of cross-border clashes, Israel intensified its bombing campaign on September 23, killing more than 1,110 people, according to an AFP tally of official figures

Saied re-elected Tunisia president with 90.7% of the vote

Tunis, Tunisia - Kais Saied has been re-elected president of Tunisia with 90.69 percent of votes cast, electoral authority ISIE said...
  • Three years after Saied made a sweeping power grab, rights groups fear his re-election will entrench his grip on the only democracy to emerge from the 2011 protests
  • His imprisoned rival Ayachi Zammel received just 7.3 percent, and third candidate Zouhair Maghzaoui only 1.9 percent, ISIE head Farouk Bouasker said on national television