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.

Denmark asks Nord Stream owner to help recover mystery object

COPENHAGEN, DENMARK - Denmark has invited the Russian-controlled operator of the Nord Stream 2 pipeline to help recover a mystery object...
  • Russian energy giant Gazprom holds a majority stake in the twin pipelines, with the rest owned by German, Dutch and French companies.
  • The Danish energy agency released a photo of the cylindrical object standing near the Nord Stream 2 pipeline at the bottom of the sea.

Saudi on track to achieve UN sustainable goals by 2030: Minister

Dubai, UAE -- Saudi Arabia has said that the kingdom is on track to achieve the United Nations Sustainable Development...
  • Deputy Minister for Water Abdulaziz Al-Shaibani told UN Water Conference that the kingdom has restructured the water sector and developed the National Water Strategy.
  • The kingdom has allocated $80 billion for water projects in the coming years as part of its efforts to achieve universal and equitable access to safe and affordable drinking water.

Israeli judicial reforms: Netanyahu vows unity as protests linger

Netanyahu, in a televised address, said he was determined to advance the reforms but wanted to reach a solution acceptable...
  • Thousands of Israelies rallied against proposed judicial reforms in Jerusalem outside Netanyahu's residence as well as in the northern city of Haifa
  • Israeli prime minister says the proposed changes are necessary to diminish the powers of the Supreme Court, which they argue has become politicized

US airstrikes in Syria kill eight pro-Iran fighters after contractor death

Defense Secretary Lloyd Austin said Thursday that at the direction of President Joe Biden, he had authorised "precision airstrikes tonight...
  • On Friday, Rami Abdel Rahman, head of the Syrian Observatory for Human Rights, a Britain-based monitor, said eight people had been killed by US strikes
  • Two of the US service members wounded on Thursday were treated on site, while the three other troops and one US contractor were medically evacuated to Iraq

UN warns funding shortfall can slash support for Yemen children

Warning that it could be left with no option but to cut support for children in Yemen without a funding...
  • According to some estimates, some 11,000 children are known to have been killed or maimed since the conflict escalated in 2015
  • The UN says that fighting in Yemen has sparked off what it describes as one of the world's worst humanitarian tragedies

After Iran deal, KSA in talks with Syria to resume consular services

Riyadh has been hinting at a rapprochement with Syria for weeks. It sent aid to both rebel-held and government-controlled parts...
  • The report gave no timeline for the move, which would mark the latest Saudi step towards mending rifts with regional rivals
  • Earlier this month, a Chinese-brokered deal was announced to restore diplomatic ties between Saudi Arabia and Iran

Israeli parliamentarians adopt strict limits on removing PM

Israeli parliament approved legislation restricting grounds for declaring a premier unfit for office, a move the opposition has called a...
  • Lawmakers voted 61 against 47 to approve an amendment to one of Israel's Basic Laws specifying the conditions to declare a prime minister unfit for office.
  • The previous version of the law stated that a premier could be declared incapacitated, but did not specify on what grounds or the necessary steps.

Eco-friendly goods buck global downward trade slide: UNCTAD

Trade in such goods grew by around four percent in the second half of 2022, with their combined value hitting...
  • Global trade surged to a record $32 trillion in 2022 before reversing course in the second half of the year amid deteriorating economic conditions and swelling uncertainties.
  • UNCTAD said it expected green industries to boom further as countries scale up their efforts to cut emissions and battle global warming.

Saudi, Iran foreign ministers hold Ramadan call, vow to meet ‘soon’

Reaffirming their resolve to implement a landmark bilateral reconciliation deal, the Saudi and Iranian foreign ministers spoke by phone to...
  • The Saudi foreign ministry in a statement said the bilateral meeting to be held soon would pave the way for the reopening of embassies and consulates
  • The reconciliation between Saudi Arabia and Iran has the potential to reshape relations across the region hit by turbulence for decades

Algeria dismantles Syria-Europe international trafficking network

In a crackdown on organized crime, Algeria has dismantled an international network specializing in trafficking people through Algeria to Europe,...
  • According to new reports, the Algerian police uncovered a network transporting the migrants to Benghazi airport in Libya during a five-month probe
  • The police also reportedly impounded more than $11,000 along with almost 9,000 euros during the operation

Netanyahu to meet Trump as Israel faces isolation over Gaza war

The meeting comes days after Trump unveiled a 21-point plan aimed at ending the war in the Palestinian territory during...

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Trump launches into ‘dark speech’ on illegal immigration

Anti-immigrant sentiment has been at the core of Trump's appeal in economically depressed, majority-white parts of the country ever since...

Retaliation or defeat: Hezbollah at crossroads after Nasrallah’s killing

Widely seen as the most powerful man in Lebanon before his death of Friday, Nasrallah was the face of Hezbollah...

Death of Hassan Nasrallah in Beirut an inflection point in the Middle East conflict

Rarely seen in public, Nasrallah enjoyed cult status among his supporters and was the only man in Lebanon with the...

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Tens of thousands protest against Lebanon ‘bloodbath’ in Iran, Yemen

The demonstrations in Tehran and other Iranian cities were responding to a call by authorities on Wednesday to demonstrate in...
  • Hezbollah is part of the "axis of resistance," Iran-aligned armed groups across the Middle East that have targeted Israel, and also US forces
  • The alliance also includes Yemen's Houthi rebels who organized a demonstration by tens of thousands in the capital Sanaa on Friday a day after firing a missile at Israel

Helpless! Top EU diplomat regrets failure to ‘stop’ Netanyahu

EU foreign affairs chief Josep Borrell voiced regret Friday that no power, including the United States, can "stop" Israeli Prime...
  • EU foreign affairs chief Josep Borrell says no power, including the United States, can "stop" Israeli Prime Minister Benjamin Netanyahu
  • "What we do is to put all diplomatic pressure to a ceasefire, but nobody seems to be able to stop Netanyahu.."

Israel defies ceasefire calls and vows to keep battling Hezbollah

"There will be no ceasefire in the north. We will continue to fight against the Hezbollah terrorist organization with all...
  • Israeli bombing of Iran-backed Hezbollah strongholds around Lebanon has killed hundreds of people this week, while the militant group has retaliated with rocket barrages
  • Israeli Prime Minister Benjamin Netanyahu's office said he had "not even responded" to the truce proposal, and that he had ordered the military to continue fighting