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.

Repsol’s profit up on high oil prices

The oil firm posted a net profit of $4.55 billion in 2022.
  • Repsol said gas and oil prices "rose sharply during the first half of 2022" due to sanctions imposed against Russia over its invasion of Ukraine
  • It said the higher earnings had allowed it to boost investments in 2022 by 40 percent over the previous year to 4.18 billion euros,

Blinken to pledge quake support on first Turkey visit

Blinken will visit Incirlik air base, through which the United States has shipped aid, and then hold talks in the...
  • US has flown in some 200 rescuers and contributed an initial $85 million in relief for Turkey, deploying Black Hawk and Chinook helicopters to bring supplies to worst-hi
  • The visit, which was being planned before the February 6 earthquake that has killed nearly 40,000 people in the country and Syria, will be the first by Blinken to Turkey

UN likely to vote Monday on call for Israel to stop settlements

The 15-member council is likely to vote on Monday on the text, drafted by the United Arab Emirates in coordination...
  • The 15-member council is likely to vote on Monday on the text, drafted by the United Arab Emirates in coordination with the Palestinians
  • US Secretary of State Antony Blinken has already expressed deep concern over Israel’s decision to authorize nine Jewish settler outposts in West Bank

US condemns Tunisia arrests of president’s critics

Washington, United States--The United States on Wednesday denounced Tunisia's arrest of critics of President Kais Saied and called for transparent legal...
  • Police have arrested 10 public figures since Saturday, including the director of a popular radio station and a prominent businessman.
  • The opposition National Salvation Front said that the arrests were an act of vengeance without legal basis

US-GCC Working Group on Iran holds 3rd meeting in Riyadh

The meeting was co-chaired by Sheikh Ahmed bin Hashel Al-Maskari, Head of the Omani Foreign Ministry's GCC Department.
  • The meeting was co-chaired by Sheikh Ahmed bin Hashel Al-Maskari, Head of the Omani Foreign Ministry's GCC Department
  • The meeting comes within the framework of the strategic partnership between the GCC and the USA

New mechanisms to boost international cooperation in a multipower world, says WEF President Klaus Schwab

Regarding structural transformations to be witnessed in various vital economic sectors, Schwab says there will be about 10 billion people...
  • There is an urgency to develop new mechanisms that strengthen international cooperation in today’s multipower world, says WEF chief Klaus Schwab
  • Technological transformation and the Fourth Industrial Revolution will impact the world for years to come, adds Schwab while speaking at WGS 23

UAE pledges $50 million more in assistance for quake-hit Syria

Emirati President Sheikh Mohamed bin Zayed Al Nahyan "has ordered the provision of an additional US$50 million as relief aid...
  • The announcement came more than nine days after the 7.8-magnitude quake struck Syria and Turkey.
  • It also followed an appeal by the United Nations on Tuesday for $397 million to help earthquake victims.

War-scarred Syrian children orphaned by quake

Last week's quake has affected more than seven million children, including 2.5 million in Syria alone, according to James Elder...
  • Hanaa, an eight-year-old girl, keeps asking for news of her family, unaware she is the sole survivor among her immediate relatives.
  • Disaster has piled more misery on Syrian children who have only witnessed tragedy in their lives because of the war that broke out more than a decade ago.

Saudi Binladin Group fined $5.33m in Makkah crane crash

Dubai, UAE---A court in Makkah has fined Saudi Binladin Group SR20 million ($5.33 million) after the Group was convicted of...
  • A total of 111 people were killed and 394 others injured in the crane crash on Sept 11, 2015 during the Haram expansion project.
  • The court found seven defendants guilty of negligence and violation of safety rules, the reports said, adding three of the defendants were sentenced to six months in prison.

COP28 host UAE vows ‘inclusive roadmap’ for climate talks

Rights group Amnesty International has said Sultan Al Jaber is "unfit" for the COP28 presidency, being the CEO of state-owned...
  • Al Jaber told a summit event that as "president, I will lay out a roadmap for COP28 that is inclusive, results-oriented and... very far from business as usual".
  • Al Jaber, 49, is also the UAE's minister of industry and advanced technology and head of a leading renewable energy firm. He is the first CEO to lead the summit.

Seismic shift: UK, Australia and Canada recognize Palestinian state

Portugal was also to recognize Palestinian statehood, as Israel came under huge international pressure over the war in Gaza where...

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US personnel injured in rocket attack on Iraq base

US President Joe Biden and Vice President Kamala Harris were briefed on the attack, the White House said. "They discussed...

Biden to meet national security chiefs as Mideast war fears grow

US Secretary of State Antony Blinken told his counterparts from the G7 nations that any attack could happen within 24...

Jordan FM meets Iran president as Middle East tensions soar

The political head of Palestinian group Hamas was killed early on Wednesday in Tehran, where he had attended the inauguration...

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Fears of Middle East war grow after Hamas leader’s killing

Israel on Saturday again traded fire with Hezbollah, carried out a deadly raid in the occupied West Bank, and struck...
  • Israel ally the United States said it would move warships and fighter jets to the region, while Western governments called on their citizens to leave Lebanon
  • Iran-backed groups from Lebanon, Yemen, Iraq and Syria have already been drawn into the nearly 10-month war between Israel and Palestinian group Hamas in Gaza

US to deploy more warships, fighter jets to Mideast

Defense Secretary Lloyd Austin has also ordered additional ballistic missile defense-capable cruisers and destroyers to the Middle East and areas...
  • The announcement comes after Iran and its regional allies vowed retaliation for the killings of a Hamas leader in Tehran and a Hizbollah commander in Beirut
  • The aircraft carrier strike group led by the USS Abraham Lincoln will replace one helmed by the USS Theodore Roosevelt in the region, Singh said

Biden says US committed to defend Israel against ‘all threats from Iran’

Biden, who was joined on the call by Vice President and Democratic presidential candidate Kamala Harris, also emphasized the "ongoing...
  • The call between the leaders also came after Israel announced it had "eliminated Hezbollah military commander Fuad Shukr in Beirut
  • Netanyahu's government has not commented on the slaying of Hamas political leader Ismail Haniyeh in Tehran, but the Palestinian group has blamed Israel