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.

UAE dispatches fresh aid shipment to quake-hit families in Afghanistan

Abu Dhabi, UAE--The UAE has dispatched a plane carrying 38 tonnes of urgent medical and food supplies to Afghanistan to...
  • The food and medical supplies will assist families hit by the earthquake, which has worsened the current humanitarian situation in Afghanistan
  • During the last few years, the UAE has ramped up its humanitarian assitance to Afghanistan by dispatcing 28 aircraft loaded with 623 tonnes of medical and food supplies

Iran’s Revolutionary Guards officer killed in Israeli strike on Syria

Tehran, Iran--An officer from Iran's powerful Revolutionary Guards was killed in Israeli air strikes on Syria early on Friday, a website...
  • Syrian state media said that Israel in its latest aerial assault launched several missiles from the occupied Golan Heights against positions near Damascus
  • Islamic Revolutionary Guard Corps said on its website, Sepahnews, that one of the force's officers was killed in the Israeli raid

‘Election interference, Kangaroo court’: Trump on indictment, says judge hates him

Trump's pending arrest throws a political grenade into next year's White House race and President Joe Biden sidestepped questions from...
  • Trump is to be booked, fingerprinted and will have a mugshot taken at a Manhattan courthouse on Tuesday
  • Trump, who is currently at his palatial Mar-a-Lago residence in Florida, was initially "shocked" at the indictment

Ajman, Italian-Czech Chambers discuss investment, business opportunities

AJMAN, UAE - The Ajman Chamber of Commerce and Industry’s (ACCI) discussed with the Italian-Czech Chamber of Commerce in Milan...
  • Ajman Chamber is keen to enhance its international cooperation and diversify its foreign partnerships.
  • The Chamber discussed the competitive elements provided by Ajman economy and the investment opportunities available.

Italy blocks AI chatbot ChatGPT over data privacy failings

Italy became the first western country to take such action against the popular chatbot. The country's Data Protection Authority said...
  • ChatGPT caused a global sensation when it was released last year for its ability to generate essays, songs, exams and even news articles from brief prompts.
  • Universities and some education authorities have banned the chatbot over fears that students could use it to write essays or cheat in exams.

Parched Tunisia imposes water rationing, mulls prison for violators

The country's dams are at critical lows following years of drought, exacerbated by pipeline leaks in a decrepit distribution network....
  • None of the country's major reservoirs is more than a third full, while some are at less than 15 percent, threatening Tunisia's agricultural sector.
  • The Tunisian Federation for Agriculture and Fisheries said thousands of hectares of farmland risked being left fallow due to the lack of rain.

Blinken affirms Israel ties, warns on peace after Netanyahu spat

US Secretary of State Antony Blinken called Foreign Minister Eli Cohen and "reaffirmed the importance of the enduring US– Israel...
  • Joe Biden called on Israeli Prime Minister Benjamin Netanyahu to step back from a bid to weaken the judiciary that has set off massive protests
  • Netanyahu responded that he would not bow to foreign pressure but took a more conciliatory tone when he participated in a democracy summit

Japan plans export control measures for chip equipment

TOKYO, JAPAN -  Japan on Friday unveiled planned export controls on 23 items used to make semiconductors, following US pressure for...
  • The move to curb export of chip equipment comes as Japan confirmed its top diplomat will visit China this weekend.
  • As the second- and third-largest economies of the world, China and Japan are key trading partners.

UN to dispatch first convoy to W. Sahara mission sites since 2020

The announcement comes as UN envoy to the region Staffan de Mistura invited parties including Morocco and the Polisario Front...
  • The oldest functioning security barrier in the world separates the Moroccan territory from land controlled by Polisario rebels
  • Rabat, which controls some 80 percent territory, advocates a plan for limited autonomy for Western Sahara under Moroccan sovereignty

UN agency estimates quake hit 20% of Turkey’s food production

The Food and Agriculture Organization (FAO) said initial assessments in Turkey revealed "severe damage to agriculture, including crops, livestock, fisheries...
  • FAO estimated the quake caused $1.3 billion in damage, through destruction of infrastructure, livestock and crops, and $5.1 billion in losses to Turkey's agricultural sector
  • The UN's food agency is appealing for $112 million to help quake-affected communities in Turkey, including $25 million under a wider UN appeal issued in February

US sanctions on key Indian project in Iran take effect

US sanctions went into effect Monday on a major Indian port project in Iran, as President Donald Trump again showed...

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Trump says he thinks Israel should ‘hit’ Iran nuclear facilities

The former president, speaking at a campaign event in North Carolina, referred to a question posed to Democratic President Joe...

Updates: Israel attacks 2,000 sites in Lebanon, kills over 40 rescuers, and destroys hospitals

Israel has intensified its attacks against Lebanon striking emergency services and professionals - a possible war crime. Several hospitals in...

Updates: Iran’s supreme leader says anti-Israel resistance will not back down

Ayatollah's rare address in Arabic follows Iran's second-ever direct attack on Israel; rallies held in Jordan and Bahrain in support...

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Updates: President Biden says ‘discussing’ possible Israeli strikes on Iran oil facilities

Oil prices shoot up as Biden suggests that Israel might target Iranian oil facilities, while GCC Arab states, including Qatar,...
  • "First of all, we don't 'allow' Israel, we advise Israel. And there is nothing going to happen today," says Biden.
  • GCC Arab states, including Qatar, Saudi Arabia, and UAE reassure Iran of neutrality in the conflict between Tehran and Israel

Regional Updates: Iran “not looking for war” but will retaliate fiercely to any Israeli attack

Iranian leadership vows strong retaliation if Israel attacks Iran as Hezbollah kills eight Israeli soldiers and destroys 3 tanks while...
  • Hezbollah said it repelled an Israeli infiltration into southern Lebanon on Wednesday, as Israel reported eight soldiers were killed and 3 tanks destroyed
  • US President Joe Biden rules out supporting an Israeli strike on Iran's nuclear sites as Israel aims to garber support for an attack against Iran

Hezbollah says it clashed with Israeli troops who tried to ‘infiltrate’ Lebanon

Hezbollah said Wednesday it clashed with Israeli soldiers who tried to infiltrate into Lebanon, and also targeted Israeli troops across...
  • Israeli military said that troops had started "targeted ground raids" in south Lebanon
  • Israeli strikes killed a further 55 people on Tuesday