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 takes part in first G20 Finance Ministers meeting in 2023

ABU DHABI, UAE -  Minister of State for Financial Affairs Mohamed Hadi Al Hussaini headed the UAE delegation participating in...
  • Held for the first time under the Indian presidency in Bengaluru, the meeting discussed the progress under the G20 priorities for 2023.
  • The UAE team reiterated the importance of a globally coordinated multilateral action to promote climate finance.

FNC Speaker calls for greater coordination at Arab Inter-Parliamentary Union meet

BAGHDAD, IRAQ - Speaker of the UAE Federal National Council (FNC) Saqr Ghobash said that Arab parliaments should are required...
  • Arab parliaments should unify positions on all common issues, activate the role of parliamentary diplomacy.
  • Many Arab countries are still facing and suffering from terrorism and extremism that know no borders.

UNDP requests $113.5 million to support early recovery in Turkey

ANKARA, TURKEY - Clearing the mountains of rubble due to buildings collapse in the earthquakes that hit Turkey on February...
  • Rubble removal accounts for a large share of UNDP's US$113.5 million request for funding.
  • UNDP's current focus is to help prevent public health threats to affected populations and emergency responders.

Germany’s Scholz arrives in India to expand business ties

New Delhi, India--German Chancellor Olaf Scholz arrived in India on Saturday seeking to deepen business ties between the world's number four...
  • Scholz would press for progress towards a trade deal between the European Union and India that has long been held up by disagreements on tariffs
  • Scholz, 64, also said the Group of 20 should not ease up on pressuring Russia during India's current presidency and continue to send a "strong message"

In West Bank nurse discovers own father among casualties from Israel raid

Nablus, Palestinian Territories--When Israel conducted its deadliest raid in the occupied West Bank in almost two decades this week, a young...
  • Ashqar said his father Abdel Aziz, 65, had been returning from prayers in the Old City when he was caught up in the Israeli incursion
  • Israel said Wednesday's raid targeted two Lions' Den members, as well as a member of the Islamic Jihad militant group

UAE mulls ‘options’ on Russian bank hit by new US sanctions

MTS Bank, approved for its licence last year, was one of more than 200 entities and individuals targeted by the...
  • The UAE, particularly its financial hub Dubai, has attracted large numbers of Russian professionals and businesspeople fleeing the impact of Western sanctions.
  • Russian air passenger traffic to Dubai more than doubled last year to 1.9 million, Dubai Airports CEO Paul Griffiths told AFP this week.

Israeli government approves 2023-2024 budget

Israel's government approved the 2023-2024 budget against the backdrop of economic uncertainty linked to controversial judicial reforms advanced by the...
  • Netanyahu's coalition government pushed on in parliament this week with its judicial reforms, which it says are designed to limit overreach.
  • Parliament must still vote to adopt the fiscal measures.

UAE, Algerian ministers discuss enhancing bilateral cooperation

ABU DHABI, UAE -   UAE Minister of Foreign Affairs and International Cooperation Sheikh Abdullah bin Zayed Al Nahyan and Algerian...
  • UAE, Algerian ministers reviewed ways to advance cooperation in areas that contribute to sustainable economic growth.
  • The two ministers discussed UAE's hosting of the 28th session of the Conference of the Parties (COP 28) this year.

Netanyahu hails Oman’s opening of airspace to Israeli planes

On Twitter, the Omani Civil Aviation Authority affirmed that "the Sultanate's airspace is open for all carriers that meet the...
  • Israeli Foreign Minister Eli Cohen in a statement hailed the historic decision that will shorten flight time to Asia
  • The US also welcomed Oman's move, saying it completed the "process" begun last year with Saudi Arabia's decision

EU eases Syria sanctions to speed up quake aid

The EU measure will last for six months and was taken "in view of the gravity of the humanitarian crisis...
  • Aid organizations will no longer need to seek permission from EU member state governments before sending supplies to sanctioned entities in Syria
  • EU pointed out that it and its member states have contributed a total of $26 billion to Syria and to refugee-hosting neighbors such as Turkey since 2011

IEA feels the heat as Washington pushes pro-oil agenda

Paris, France -- No stranger to ire from oil-producing nations, the International Energy Agency (IEA) is facing pressure from the...

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Blinken presses Hamas to back Gaza truce but sees gaps with Israel

Doha, Qatar - Top US diplomat Antony Blinken appealed Tuesday to Hamas urgently to accept a ceasefire plan to ease suffering...

US says Iran responsible for Trump campaign hack

The statement from the Office of the Director of National Intelligence (ODNI), the Federal Bureau of Investigation (FBI), and the...

Blinken says Israel backs US proposal in ‘last’ chance for Gaza truce

Blinken, on his ninth visit to the Middle East since Hamas's October 7 attack triggered the war with Israel, said...

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Putin in Azerbaijan for state visit amid Ukraine offensive on Russian soil

Aliyev and Putin will sign joint documents and make statements to the press, said Russian agency Ria Novosti. On Monday,...
  • His visit to the Caucasus country, a close partner of Moscow, comes against the backdrop of an unprecedented Ukrainian military offensive on Russian soil
  • Putin is due to hold talks with his Azerbaijani counterpart Ilham Aliyev on bilateral relations and "international and regional problems," the Kremlin said

Unnerved and exposed, Trump struggles to regain campaign mojo

Washington, United States - Donald Trump has never lacked for self-confidence, but his presidential campaign has been sent into a tailspin...
  • President Biden's exit has been particularly impactful, removing a rival whose 81 years, faltering speech and physical frailties had largely shielded Trump from scrutiny
  • Now it is Trump, 78, who is the oldest presidential nominee in history, and the point of comparison is a 59-year-old former prosecutor who has come out fast and swinging

Hamas rejects ‘new’ Gaza truce conditions as Biden says deal closer than ever

Egyptian, Qatari and US mediators have been seeking to finalize details of a framework initially outlined by Biden in May,...
  • US Secretary of State Antony Blinken is to travel to Israel this weekend to advance the latest proposal, the State Department said
  • Egyptian, Qatari and US mediators have been seeking to finalise details of a framework initially outlined by Biden in May, and which he said Israel had proposed