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.

Reform of multilateral financial institutions must for climate action, says Dr Al Jaber

PARIS, FRANCE  -  COP28 President-Designate Dr. Sultan Al Jaber met French President Emmanuel Macron and outlined his vision on the...
  • The UAE minister stressed on the need to deploy all necessary resources to transform the global energy systems.
  • Dr. Al Jaber emphasized the need for ambitious reforms across international financial institutions and multilateral development banks.

Iran hands down death sentences to two over Shiraz shrine attack

TEHRAN, IRAN -  An Iranian court sentenced two people to death over an October attack on a shrine in the southern...
  • The pair were convicted of assisting in "corruption on earth, armed rebellion and acting against national security".
  • Three other defendants in the case were sentenced to prison for five, 15 and 25 years for being members of IS group.

Jordan Chamber of Commerce, Hungarian envoy discuss economic ties

AMMAN,  JORDAN -  Vice President of the Jordan Chamber of Commerce (JCC) Jamal Rifai discussed with Hungarian Ambassador to Jordan...
  • The joint Jordanian-Hungarian committee aims to present investment opportunities in the two countries.
  • In 2022, Jordan's exports to Hungary was worth US$1.15 million and imports were US$34 million, as per official data.

India looks to broaden partnership with GCC countries

New Delhi, India--India has stepped up multi-faceted consultations with GCC states ahead of the Group of Twenty (G20) Summit to...
  • According to India's External Affairs ministry, the two countries reviewed bilateral ties in different domains and identified new areas of cooperation
  • Oman is taking part in G20 as a special invitee with India inviting nine countries under the category

Turkey’s Erdogan asks parliament to back Finland’s bid to join NATO

Ankara, Turkey--Turkish President Recep Tayyip Erdogan ended months of diplomatically charged delays on Friday and asked parliament to quickly back Finland's...
  • Erdogan told Finnish President Sauli Niinisto that Helsinki had shown a strong commitment to addressing Ankara's security concerns.
  • Turkey has been seeking the extradition of dozens of Kurdish suspects it accuses of ties to outlawed militants and a failed 2016 coup attempt

100 killed in Israeli-Palestinian conflict this year

The Palestinian health ministry announced the death of Yazan Omar Jamil Khasib, 23, who died "after the occupation (Israel) opened...
  • Since the start of the year, the Israeli-Palestinian conflict has claimed the lives of 86 Palestinian militants and civilians, including children
  • Thirteen Israeli adults and children, including members of the security forces and civilians, and one Ukrainian civilian have been killed over the same period

Tunisia’s interior minister, and close aide of president, resigns

Taoufik Charfeddine, a close aide of Tunisia's President and the country's interior minister, has announced his resignation in order to...
  • Charfeddine, a former lawyer, was a key figure in the election campaign that propelled the previously little known Saied to the presidency in 2019
  • When Saied mounted his power grab and ordered a wave of arrests, Charfeddine held news conferences to defend the incarceration of opposition politicians

Abu Dhabi-Japan Economic Council reviews growth in bilateral trade and investments

TOKYO, JAPAN - The ninth session of the Abu Dhabi-Japan Economic Council (ADJEC) here has reaffirmed its commitment to further...
  • In 2022, the bilateral trade between the UAE and Japan rose 57.5 percent to exceed US$54 billion.
  • UAE exports to Japan grew 69.7 percent to US$45.9 billion compared to US$27 billion in 2021.

UAE, Georgia sign Comprehensive Economic Partnership Agreement

The UAE and Georgia signed a joint statement confirming the successful conclusion of negotiations towards the UAE-Georgia Comprehensive Economic Partnership...
  • Comprehensive Economic Partnership Agreement (CEPA) signing took place in Georgia’s capital Tblisi during a UAE delegation's visit to the country.
  • The free trade agreement or CEPA will lay the foundation for deeper, stronger and more integrated economic relations between the UAE and Georgia.

Lebanon central bank chief denies financial misconduct

Lebanese central bank governor Riad Salameh maintained his innocence following a second day of questioning before European investigators in Beirut...
  • Following a three-hour session, Salameh released a statement saying he appeared as a witness and "not as a suspect or facing charges".
  • The European investigators are looking into allegations of financial misconduct, including possible money laundering and embezzlement.

Faced with Russian threat, NATO flexes military muscle in North Sea

NATO flexed its muscles in the North Sea this week in a display of military might, as Russia allegedly tested...

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UN chief warns Lebanon on ‘brink’ as world leaders gather

Top United Nations officials have expressed deep concerns over the violent Lebanon-Israeli situation that has resulted in the deaths of...

Nearly 500 dead in Israeli strikes on Hezbollah strongholds in Lebanon

Israeli air strikes on Lebanon killed at least 492 people on Monday, including 35 children, Lebanon's health ministry said, marking...

Hamas weakened, not crushed a year into war with Israel

The Palestinian group has not been crushed outright, and a year on from its unprecedented attack on Israel, an end...

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Biden’s United States powerless as Israel pounds Lebanon

US President Joe Biden's top priorities for the past 11 months has been to prevent the Gaza war from spiraling...
  • Biden administration was presenting "concrete ideas" to provide an "off-ramp" to prevent further fighting at UN
  • Israeli Prime Minister Benjamin Netanyahu brushed aside warnings of the dangers of regional war

Iran’s president calls Israel warmonger as he seeks talks with West

Iran's President Masoud Pezeshkian has accused Israel of seeking regional war, as he attempted to cast Tehran as restrained and...
  • President Masoud Pezeshkian speaks at a media roundtable in New York on the sidelines of United Nations General Assembly meetings
  • "We know more than anyone else that if a larger war were to erupt in the Middle East, it would not benefit anyone."

Lebanon Under Attack: Israel murders 35 kids, death toll rises to 492 including 58 women

Lebanese Health Minister Firass Abiad said the death toll in Israeli strikes Monday rose to 492, including 35 children, the...
  • Israeli attacks on Monday wounded 1,200 people who were treated in 27 hospitals
  • Iran's foreign ministry warns Israel of "dangerous consequences" following deadly strikes in Lebanon