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 keen on new technologies, says minister at Raisina Dialogue 2023

NEW DELHI, INDIA -  UAE Minister of State for Artificial Intelligence, Digital Economy and Remote Work Applications Omar Sultan Al...
  • Representatives from over 100 countries, including ministers, military commanders, captains of the Industry, participated in Raisina Dialogue 2023.
  • The UAE is keen on sharing knowledge, experience and success stories by participating in international conferences.

52 nations facing debt payment issues need urgent help: UNDP

Achim Steiner, head of the United Nations Development Programme, said that 25 of the 52 were spending more than a...
  • Steiner did not name the countries involved but the UNDP last week released a report which called for a 30 percent write-off of external debt for 52 countries at 2021 values.
  • Poor nations' debt has multiplied over the past decade because of the coronavirus pandemic, high food and fuel bills and financial crises.

Sheikh Ahmad Al-Sabah re-appointed Kuwait Prime Minister

Kuwait's government resigned on January 23, three months after it was sworn in, following disputes with lawmakers that have plunged...
  • A long-running standoff between the government and the elected parliament has hampered efforts by the country to push through fiscal reforms.
  • In September 2022, Kuwait held its sixth election in a decade, leading again to an opposition-led parliament.

UN calls for resettlement of quake-hit Syrian refugees from Turkey

"Many refugees who fled to Turkey in search of safety and protection have now faced the trauma of loss and...
  • The United Nations made the call as 89 Syrian refugees arrived in Madrid from Turkey
  • For almost 12 years, Turkey has hosted some 3.5 million Syrian refugees fleeing the civil war

Iran to reconnect nuclear surveillance cameras: IAEA

UN nuclear watchdog chief Rafael Grossi earlier said he had held "constructive" talks with Iranian officials in Tehran after the...
  • IAEA chief earlier said he had held "constructive" talks with Iranian officials in Tehran after the discovery of uranium particles enriched to near weapons-grade level
  • Grossi arrived in Iran on Friday talks deadlocked on reviving a landmark 2015 accord on Iran's nuclear activity, known formally as the Joint Comprehensive Plan of Action

Israelis take to streets for ninth week to protest judicial reform

The latest rally in Tel Aviv came after a similar demonstration on Wednesday when police employed stun grenades and water...
  • Netanyahu presents the overhaul as key to restoring balance between the branches of government in a system he believes gives judges too much power over elected officials
  • Another element of the reforms would give the 120-member parliament power to overrule Supreme Court decisions with a simple majority of 61 votes

UAE, Italy enhance bilateral relations to Strategic Partnership level

ABU DHABI, UAE -  The United Arab Emirates and Italy on Saturday announced the enhancement of their  bilateral relations to...
  • A pact for cooperation on energy projects and sustainability initiatives between Abu Dhabi National Oil Company and the Italian energy group Eni was signed.
  • The MoU aims to strengthen cooperation in the field of emissions reduction, new energy technologies and low-carbon solutions.

Earthquake caused direct damage of $5.1bn in Syria, says World Bank

A massive earthquake and aftershocks in February caused an estimated US$5.1 billion in direct physical damage in Syria, said the...
  • The earthquake hit Turkey and Syria, devastated scores of cities and killed over 50,000 people in both countries.
  • World Bank said that its report does not cover broader economic impacts and losses for Syria, such as production or business interruption.

Ocean conference participants pledge US$19bn

Panama City, Panama - Delegates to a global conference on saving the world's oceans pledged US$19 billion, the host country Panama...
  • European Union announced it would dedicate $865 million to ocean-related projects this year
  • The total included a $6 billion from the United States, announced by White House climate envoy John Kerry

‘Schoolgirls in 5 Iran provinces treated for new poisonings’

Dozens of Iranian schoolgirls across five provinces were hospitalized in a new wave of suspected poisoning attacks, local media reported....
  • Last week, Iran's deputy health minister, Younes Panahi, said the poisonings were aimed at shutting down education for girls
  • The string of poisonings come over five months into nationwide protests following the death in custody of Iranian Kurd Mahsa Amini

Yemen drone attack wounds 22 in Israeli resort town: army, rescuers

Israel's military said a drone launched from Yemen struck the southern resort town of Eilat on Wednesday, with rescuers reporting...

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Gaza agency says Israeli strike kills 40 in humanitarian zone

Gaza civil defence official Mohammed Al-Mughair told AFP early Tuesday that "40 martyrs and 60 injured were recovered and transferred"...

Israeli army orders new evacuation in northwest Gaza

The vast majority of Gaza's 2.4 million people have been displaced at least once during more than 11 months of...

Jordanians to vote amid woes over economy and Gaza war

Jordanians will head to the polls on Tuesday to vote for a new parliament amid widespread frustrations over a lagging...

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Hamas urges US pressure on Israel over Gaza truce

Palestinian Territories - Hamas called on the United States Thursday to "exert real pressure" on Israel to reach a Gaza...
  • The two sides have traded blame over stalling talks for a ceasefire and hostage exchange as Netanyahu faces pressure to seal a deal following the deaths of six Gaza captives
  • Hamas's Qatar-based lead negotiator Khalil al-Hayya called on the US to "exert real pressure on Netanyahu and his government" and "abandon their blind bias" towards Israel

Israeli airstrike kills five Palestinians in West Bank

Palestinian medics said an air strike targeting a car in the occupied West Bank killed five people on Thursday, while...
  • Israel launched a large-scale offensive across the northern West Bank on August 28, killing 38 Palestinians
  • A large number of Israeli troops stormed the Al-Faraa refugee camp in Tubas governorate, where explosions were heard.

Pressure piles on Israel’s Netanyahu over Gaza

Israeli Prime Minister Benjamin Netanyahu faces mounting international and domestic pressure after the killing in Gaza of six captives, with...
  • Britain said Monday it would suspend some arms exports to Israel
  • A strike a by the Histadrut trade union seeking a hostage deal brought parts of Israel to a standstill