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.

Jordan, EU sign two financing agreements worth US$69m

AMMAN, JORDAN  - Confirming its role as one of Jordan’s main supporters, the European Union (EU) on Sunday signed two...
  • The first is financing a US$42 million program in support of Jordan's Ministry of Justice, Judicial Council, Judicial Institute and Public Security Directorate.
  • The second US$27 million contributes to the "Green Growth" program from the Food and Resilience Facility.

Israel seals home of Palestinian behind Jerusalem shooting

Israel announced a slew of steps late Saturday, including revoking the rights to social security of "the families of terrorists...
  • Israel already demolishes the homes of Palestinians who kill Israelis, although they ought to be given prior notice be given to families and the chance to appeal the decision.
  • Israel's security cabinet said there will also be a discussion Sunday over a bill to revoke Israeli identity cards from the relatives of attackers.

UAE climate talks should focus on action, not visions: Ban Ki-moon

The South Korean diplomat, who co-chairs the Ban Ki-moon Centre for Global Citizens, was in the UAE this weekend to...
  • The last UN climate talks held in Egypt agreed on a landmark deal to create a "loss and damage" fund to cover the costs that developing countries face from climate disasters.
  • Ban urged the COP28 presidency to consider "harmonization" between adaptation and loss and damage.

Libya and Italy sign US$8bn gas deal as Europe searches for energy

The agreement was signed in the presence of Meloni and her host Abdulhamid Dbeibah, who heads the UN-brokered Government of...
  • Eni said it was the first major project in Libya since early 2000 and involved the development of two offshore gas fields
  • During her trip to Libya, Giorgia Meloni was expected to discuss the issue of migration amid rising numbers of irregular migrants from Libya to Italy

Turkey comes out with retaliatory travel alert for US, EU

Ankara has been most recently outraged by anti-Islamic protests by a far-right extremist who was allowed to burn the Koran...
  • The US and major European countries have advised their citizens against attending mass events and to avoid tourist hotspots in Turkey
  • The Turkish foreign ministry's first travel advisory warned of "dangerous levels of religious intolerance and hatred in Europe"

Iran earthquake kills two, injures hundreds near border with Turkey

Iran's deadliest recorded quake was a 7.4-magnitude tremor in 1990 that killed 40,000 people in the country's north, injured 300,000...
  • The shallow quake hit the city of Khoy in West Azerbaijan province at 9:44pm (1814 GMT), the Seismological Center of the University of Tehran said
  • Iran sits astride the boundaries of several major tectonic plates and experiences frequent seismic activity

Tunisians to vote in second round of poll for toothless parliament

A total of 262 candidates are competing for 131 seats from Tunisia's 161-member legislature, which was largely stripped of its...
  • The president sacked the government and froze parliament before dissolving it and changing the constitution, abolished the hybrid parliamentary system
  • Analysts predict low turnout again among Tunisia's 7.8 million eligible voters for the second round as major parties including Saied's arch-rivals

Syria refutes watchdog report of 2018 chemical attack

In the OPCW report, investigators said there were "reasonable grounds to believe" that at least one Syrian air force helicopter...
  • Syria and its ally Moscow say the April 7, 2018 attack was staged by rescue workers at the behest of the United States, which afterwards launched air strikes
  • The country denies the use of chemical weapons and insists it has handed over its stockpiles under a 2013 agreement, prompted by a sarin gas attack that killed 1,400 in Ghouta

Iran repels drone attack on military site in Isfahan

Claiming that it has repelled a drone attack on a military site, Iran's defense ministry said that an unsuccessful attack...
  • Iranian military officials did not elaborate on the activities at the targeted site, north of the city of Isfahan
  • The country has accused Israel of carrying out several covert actions on its soil, including an attack, according to Tehran, using a satellite-controlled machine gun

Italy PM Meloni in Libya to discuss energy, migration

Italian Prime Minister Giorgia Meloni arrived in the Libyan capital Tripoli for talks on energy and migration, Libyan state media...
  • Libya and Italy are key trade partners, particularly in energy, where Italian giant Eni plays a major role in tapping into Africa's largest known oil reserves.
  • Meloni was accompanied by Eni chief Claudio Descalzi, who is expected to sign a deal with Libya's National Oil Company.

Gaza, Palestinian future to dominate UN gathering to be attended by 140 world leaders

Kicking off Monday, Saudi Arabia and France will co-chair meetings on the future of the Israeli and Palestinian two-state solution, which...

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Battles rock Gaza City after mass evacuation order

US President Joe Biden said that US diplomats were making "progress" with international mediators towards a ceasefire and stressed that...

Israel defense minister says “60 percent” of Hamas dead or wounded

Israel has launched major new offensives in Gaza City, even as it also embarks on contacts with international mediators on...

What we know about the rocky ‘roadmap’ to an elusive Gaza ceasefire

Jerusalem, Undefined - Qatari and Egyptian mediators are cajoling Israel and Hamas towards negotiations on a plan to end their war,...

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Erdogan says may invite Syria’s Assad to Turkey ‘at any moment’

Erdogan's comments come after tensions have mounted over the past week after a mob went on the rampage, vandalising businesses...
  • Turkey originally aimed to topple Assad's regime when the Syrian conflict erupted with the violent suppression of peaceful protesters in 2011
  • But more recently, Ankara has shifted focus to preventing what Erdogan in 2019 dubbed a "terror corridor" from opening up in northern Syria

‘Enough’: Israeli protesters demand Gaza truce

Large protests, also demanding elections, have taken place across Israel's commercial hub every Saturday night, with smaller ones throughout the...
  • The demonstrators want Prime Minister Benjamin Netanyahu to reach a truce and hostage-release deal or else step down
  • The nationwide "disruption day" began at 6:29 am to correspond to the start of Hamas's October 7 attack on southern Israel that started the war

Health ministry in Hamas-run Gaza says 16 killed in strike on school

The UN agency for Palestinian refugees, UNRWA, said two of its workers were killed in a strike at Al-Bureij in...
  • The ministry, which condemned the strike as an "odious massacre", said another 50 injured were taken to hospital from Al-Jawni school at Nuseirat in central Gaza
  • Israel has carried out a military offensive that has killed at least 38,098 people in Gaza, also mostly civilians, according to data from the Gaza health ministry