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.

Israel’s observer status at the bloc suspended: African Union

Addis Ababa, Ethiopia--The African Union said Sunday that Israel's observer status at the bloc was suspended and therefore it had...
  • Israel accused Iran of orchestrating the expulsion of the diplomat from the AU summit's opening day on Saturday with help from Algeria and South Africa
  • Video circulating on social media showed guards escorting the Israeli foreign ministry's deputy director general for Africa, Sharon Bar-li, out of the AU assembly hall

Saudi meet stresses carbon capture vital for net-zero goals

Riyadh, Saudi Arabia – Net-zero goal cannot be achieved without carbon capture and there is a need to scale up...
  • The King Abdullah Petroleum Studies and Research Center held a high-level roundtable on Carbon Management Technologies.
  • In 2022, investment in the carbon capture utilization and storage hit $6.4 billion.

Blinken reaches Turkey to support quake-hit country

US Secretary of State Antony Blinken arrived in Turkey to show support to the earthquake-hit country and NATO ally which...
  • His visit comes after a 7.8-magnitude tremor hit southeastern Turkey and northern Syria killing nearly 45,000 people
  • The top US diplomat arrived at Incirlik air base in southern Turkey through which the United States has shipped aid

Abu Dhabi delegation in Israel explores business opportunities

ABU DHABI, UAE -  A delegation of 10 Abu Dhabi entities visited Israel from  February 12-16 to discuss business cooperation...
  • The Abu Dhabi delegation participated in the 2023 OurCrowd Global Investor Summit in Israel.
  • The delegation hosted the Abu Dhabi Pavilion showcasing business and investment opportunities in the emirate.

Turkey’s fragile economy reels from tremors of earthquake

Turkey was already battling runaway inflation and relying on rich allies for funding to keep its economy afloat when a...
  • The quake in Turkey has damaged energy facilities, infrastructure, transportation, irrigation and logistics, added Tamgac
  • The UN's Food and Agriculture Organisation has warned of disruptions to basic food production in Turkey and Syria

Iran indicts woman for throwing headscarf to ground during protest

Tehran, Iran--Iran's judiciary is prosecuting a woman for "disrespecting" the Islamic headscarf after she threw hers to the ground during a...
  • Since the Amini protests erupted last year, more and more women have been venturing out without covering their hair
  • The requirement for women to wear the headscarf in public has triggered protests since the death in custody of 22-year-old Mahsa Amini in September

International defense conference begins at ADNOC Business Center

Abu Dhabi, UAE-- The International Defence Conference (IDC 2023), which will be held one day ahead of the IDEX and NAVDEX...
  • The conference is expected to see the participation of a large number of leaders and officials from regional and international defence and security companies
  • The IDC 2023 is organised by ADNEC Group in cooperation with the Ministry of Defence and in strategic partnership with Tawazun Council (Tawazun)

Kuwait FM meets EU’s Josep Borrell in Munich to discuss ties

Munich, Germany--Kuwait Foreign Minister Sheikh Salem Abdullah Al-Jaber Al-Sabah met High Representative of the European Union for Foreign Affairs and...
  • Sheikh Salem explained the stance of Kuwait on the issue of Schengen visa waiver for Kuwaiti nationals.
  • The talks between the two also dealt with several regional security challenges, including the war in Ukraine, the situation in the Middle East and Iran’s nuclear file

Tunisia’s Saied kicks out Europe’s trade unionist for ‘interference’

Earlier in Saturday, Esther Lynch, Europe's top trade union official took part in a demonstration organized by the UGTT trade...
  • The Saturday's protest were partly organized to demand the release of senior UGTT official Anis Kaabi, who was arrested on January 31 following a strike by toll booth staff
  • Esther Lynch, Europe's top trade union official had given a speech to thousands of people at a demonstration organized by the UGTT in Tunisia

Blinken urges calm in telephone calls with Israel, Palestinian leaders

Washington, United States--Secretary of State Antony Blinken spoke Saturday with Israeli Prime Minister Benjamin Netanyahu and separately with Palestinian president Mahmud...
  • He spoke by telephone with both men to reaffirm US commitment to "a negotiated two-state solution and opposition to policies that endanger its viability,"
  • Last year was the deadliest year in the West Bank since the United Nations started tracking casualties there in 2005

India again refuse handshake with Pakistan in Asia Cup

Dubai, United Arab Emirates -- India skipper Suryakumar Yadav again refused to shake hands with Pakistan's Salman Agha as he...

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Israel PM and defence minister clash over Gaza hostage deal

"When Gallant adopts the anti-Israel narrative, he harms the chances of reaching a hostage release deal," Netanyahu said, adding that...

Fitch lowers Israel’s credit rating amid economic strain from Gaza conflict

San Francisco, United States - US credit rating agency Fitch downgraded Israel a notch on Monday, warning that its ongoing conflict...

West tells Iran to ‘stand down’ Israel attack threats; Tehran says ‘no way’

With tensions soaring in the Middle East, the United States says that Iran along with its proxies might attack Israel...

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US orders carrier group to hasten Middle East arrival

He said Austin, who spoke with his Israeli counterpart Yoav Gallant on Sunday, had also ordered the USS Georgia guided missile...
  • US Defence Secretary Austin ordered the aircraft carrier strike group led by the USS Abraham Lincoln, and equipped with F-35 fighters, to "accelerate its transit" to the region
  • The United States announced last week that it was deploying the strike group, as well as additional ballistic missile defense-capable cruisers and destroyers

Israel faces anger over Gaza school strike rescuers say killed 93

Mahmud Bassal, spokesman for the civil defence agency, said 11 children and six women were among the 93 who died...
  • The bombardment of Al-Tabieen religious school and mosque drew criticism from across the Middle East and beyond alongside calls for a ceasefire
  • Civil defence rescuers in the Hamas-ruled territory said three Israeli missiles hit the complex in Gaza City while people were performing dawn prayers

Hamas names Sinwar new chief as region braces for Iran retaliation against Israel

Iran blames Haniyeh's death on Israel and has vowed to avenge him, while Hamas's Lebanese ally Hizbollah has also pledged...
  • The announcement came with the Middle East on edge as it awaited Iran's retaliation over the killing of Haniyeh in Tehran
  • Sinwar, who has been Hamas's leader in Gaza since 2017 - with Haniyeh living in Qatar - has not been seen since the October 7 attack