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.

After Netanyahu talks, Macron warns of Iran nuclear ‘consequences’

France agrees that "firmness" is needed in dealings with Iran, a diplomatic source told earlier, saying the nuclear program had...
  • In a statement released after a dinner meeting with Nenyahu in the Elysee Palace, Macron warned that Tehran continuing with the atomic project "would inevitably have consequences"
  • Israeli Prime Minister Benjamin Netanyahu's visit came after a weekend drone attack on a defense ministry facility in the Iranian city of Isfahan, which Tehran has blamed on Israel

In Morocco, Spain PM reinforces ties after crisis

The visit comes less than a year after the Spanish leader drew a line under a year-long diplomatic crisis by...
  • Around 20 deals were signed on Thursday to bolster Spanish investments in areas including renewable energy to education
  • Both countries said they were progressing in preparations to open customs offices in Ceuta and Melilla, Spain's two North African enclaves

Iraq hopes talks can resolve hitches in US$10bn Total deal

Iraq admitted it had differences with France's TotalEnergies over a US$10-billion contract, including over the distribution of investments, but expressed...
  • The French energy giant had signed the US$10-billion contract with Iraq in September 2021.
  • The partnership has struggled to materialize amid reported signs of discord between the two sides.

France to host international meet on crisis-hit Lebanon

The Paris gathering is to be attended by representatives from France, the United States, Saudi Arabia, Qatar and Egypt. Lebanon...
  • The political impasse has hampered efforts to lift the Mediterranean country out of its worst-ever financial crisis.
  • The currency has lost more than 95 percent of its market value to the dollar since 2019, and more than 80 percent of the population lives in poverty.

Israel PM in France, hopes to gain support on Iran

Israeli Prime Minister Benjamin Netanyahu will hold talks with French President Emmanuel Macron hoping to gain support against Iran's nuclear...
  • Netanyahu hopes that Iran's role supplying drones to Russian troops in Ukraine will prompt Western allies to drop ideas of a revival of the 2015 nuclear deal.
  • Iran holds several foreign nationals who Western governments see as political hostages.

Israel hits Gaza Strip, hours after intercepting rocket fire

Gaza City, Palestinian Territories--Israel conducted air strikes on the central Gaza Strip early Thursday, according to AFP journalists and witnesses, hours...
  • According to local security sources and witnesses, the first strikes hit a training centre of the Ezzedine al-Qassam Brigades
  • Gaza, densely populated with 2.3 million people, has been under an Israeli blockade since Hamas took power in 2007

Right educational system crucial to help students become an active partners in shaping UAE’s future

“Increasing student competence in Arabic is a top priority; it's a crucial component of the UAE's national identity,” adds Sheikh...
  • The educational system must help students earn their university degrees in areas that are suited for their inclinations, skills, and abilities, says Sheikh Abdullah bin Zayed
  • Increasing student competence in Arabic is a top priority; it's a crucial component of the UAE's national identity, he adds

Spanish PM in Morocco on visit to cement ties

Spain's North African enclaves of Melilla and Ceuta - which both border Morocco - have long been magnets for people...
  • Sanchez and a dozen ministers are set to meet with top members of the Moroccan government on Thursday
  • They are expected to sign some 24 deals including on encouraging Spanish investment in the kingdom

SK Hynix posts record loss

The company is world's second-largest memory chip maker
  • The South Korean chipmaker SK Hynix reported an operating loss of $1.4 billion in the October to December period
  • Hynix's results come a day after Samsung Electronics said fourth-quarter operating profits plunged nearly 70 percent

Lebanese villagers fight to stem illegal logging

Lebanon, whose flag bears a cedar tree, is known for its greenery, with forests covering 13 percent of its territory.
  • He said around 30,000 trees had been planted in the past two decades but that since September, logging had become a regular occurrence.
  • Lebanon has the largest juniper woods in the Middle East, according to the environment ministry, and is also home to pine, oak, cedar and fir forests.

UN Security Council votes to reimpose Iran nuclear sanctions

Britain, France and Germany are signatories to a 2015 deal known as the Joint Comprehensive Plan of Action (JCPOA) intended...

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Israel strikes key Yemen port after Tel Aviv attack

Prime Minister Benjamin Netanyahu warned "anyone who harms us will pay a very heavy price", after Friday's drone attack in...

Defiant Biden vows to ‘win’ despite growing revolt

Around 25 House Democrats and three senators have now called on Biden to drop out since a disastrous debate performance...

Yemen Houthis claim responsibility for drone attack on Tel Aviv

A statement from the rebels, who have carried out dozens of attacks against Red Sea shipping in what they say...

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Israel bombs Gaza after US criticizes high civilian toll

The health ministry said a strike on a fuel station in Al-Mawasi in southern Gaza killed 17 people, and the...
  • US Secretary of State Antony Blinken earlier conveyed Washington's "serious concern" to two senior Israeli officials regarding deadly Israeli strikes in Gaza, his spokesman said
  • Hamas political leader Ismail Haniyeh said Sunday the group was pulling out of indirect talks for a deal in protest at Israeli "massacres."

Hamas and Palestinian rivals Fatah to meet in Beijing: officials

Several reconciliation bids have failed, but calls have grown since the Hamas October 7 attacks on Israel set off the...
  • The Hamas delegation is to be headed by its Qatar-based political chief Ismail Haniyeh, while the Fatah representation will be led by deputy head Mahmud Alul, Fatah sources said
  • The two groups have been bitter rivals since Hamas fighters ejected Fatah from the Gaza Strip after deadly clashes that followed Hamas's resounding victory in a 2006 election

Hamas says pulling out of Gaza truce talks, as Israel keeps up strikes

A Hamas official said Sunday that the Palestinian group was withdrawing from Gaza truce talks, as Israeli bombardments hit a...
  • On Sunday, Israeli forces struck a UN-run school in the central Nuseirat refugee camp
  • Four previous strikes on schools turned shelters since July 6 killed a total of at least 49 people