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.

Scholz pledges support for Ukraine, but silent on battle tanks

Despite pressure on him to authorize delivery of tanks to Ukraine, German Chancellor Olaf Scholz pledged support to the war-scarred...
  • European allies have implored the German chancellor to agree to the export of German-made Leopard heavy tanks to help Ukraine repel Russia's invasion
  • Western countries supporting Ukraine are set to meet at the US-run Ramstein military base in Germany on Friday to coordinate their latest pledges to Ukraine

Dialogue best way to resolve differences with Iran: Prince Faisal

There is a need to find a route to ending the Russia-Ukraine conflict, otherwise global uncertainty would continue. "This is...
  • Saudi Arabia has been trying to find a path to dialogue with Iran as the best way to resolve differences, says the Kingdom’s Foreign Minister
  • Saudi Prince Faisal bin Farhan adds that his country is working to stabilize energy security in the region and across the globe

Erdogan signals Turkey general polls might be held a month ahead

Analysts believe that Erdogan's office is looking for a perfect moment at which his own voters are more likely to...
  • Erdogan and his Islamic-rooted party have ruled Turkey for two tumultuous decades that have seen years of economic booms and busts
  • His secular opposition enters the campaign divided over everything from policy to strategy and has not agreed on a candidate

UN chief calls for urgent actions as world faces Category 5 storm

Davos-Klosters, Switzerland – UN Secretary-General Antonio Guterres, in a wide-ranging address that touched on the most critical issues facing the...
  • On climate change, he called on world leaders to put forward credible and transparent transition plans to achieve net-zero emissions.
  • He also said a “morally bankrupt financial system” is amplifying systemic inequalities.

CEOs back unlocking Africa free trade area’s $3.4 trillion potential

Davos-Klosters, Switzerland-- African heads of state and global CEOs at the World Economic Forum Annual Meeting backed the launch of...
  • The AfCFTA is the largest free trade area in the world, by area and number of participating countries.
  • Conceived in 2018, it now has 54 national economies in Africa, could attract billions in foreign investment.

Geopolitical instability may lead to catastrophic cyberattack: Report

Over 93 percent of cybersecurity experts and 86 percent of business leaders believe “a far-reaching, catastrophic cyber event is likely...
  • The Global Cybersecurity Outlook 2023 findings were based on surveys, workshops and interviews with over 300 experts and C-suite executives.
  • Half of the companies surveyed said the current landscape is making them re-evaluate the countries in which their organization does business.

Curbing oil dependency Saudi priority, says Economy Minister

Despite its goal of achieving net zero carbon emissions by 2060, the country remains hugely dependent on crude oil exports...
  • Soaring crude prices following Russia's invasion of Ukraine allowed Saudi to post in 2022 its first budget surplus in nine years, giving it firepower for economic development.
  • And at Davos, Saudi officials announced a joint initiative with the Davos forum organizers to accelerate high-tech innovation in the country via the metaverse.

Morocco says to boost military ties with Israel

It followed the United States' recognition of Moroccan sovereignty over the disputed Western Sahara region, in a quid pro quo...
  • The two countries agreed to further strengthen cooperation and expand it to other areas, including in intelligence, air defence and electronic warfare
  • The announcement on Tuesday follows the first meeting of the monitoring committee for Moroccan-Israeli defence cooperation in the Moroccan capital

Tunisia president’s former top aide jailed in absentia, say media reports

TUNIS, TUNISIA - Tunisian President Kais Saied's former chief of staff was sentenced in absentia on Tuesday to prison over audio...
  • Nadia Akacha had been a key aide to Saied until she quit in January last year, citing "fundamental differences of opinion" over the national interest.
  • A constitutional lawyer like the president, she was appointed as Saied's legal adviser in late 2019 before becoming his chief of staff in January 2020.

European Union takes on US, China over clean tech in Davos

European Commission President Ursula von der Leyen slammed what she described as "aggressive attempts" to convince Europe's clean technology operations...
  • "China subsidies its industry and restricts access to its market for EU companies," she said, warning the EU would "not hesitate" to probe such aid that distorts the market.
  • Speaking after von der Leyen, Chinese Vice Premier Liu He called for an end to "Cold War mentality" and repeated Beijing's opposition to "unilateralism and protectionism".

UN rights expert says complicity with Gaza ‘genocide’ ‘shame of our time’

Albanese added that "this genocide has something different, is openly incited, cynically denied and relentlessly supported, armed and weaponized, while...

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WikiLeaks founder Assange freed in US plea deal

Assange had been detained in the high-security Belmarsh prison in London since April 2019. He was arrested after spending seven...

Telegraph report on Hizbollah weapons at Beirut airport sparks outrage

Dubai, UAE - An article in The Telegraph alleging that Hizbollah is stockpiling Iranian weapons at Beirut International Airport (BIA)...

Israel PM says ‘intense’ phase of Gaza war winding down

Netanyahu said Israel would be able to "redeploy some forces to the north" on the border with Lebanon, where exchanges...

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Gaza health officials say 24 killed in Israeli strikes

Gaza civil defence agency spokesman Mahmud Basal told AFP that at least 20 were killed in a strike on a...
  • The Gaza City strikes added to at least 120 deaths over the previous 48 hours which the health ministry in Hamas-run Gaza reported earlier Saturday
  • Exchanges of fire across the Lebanese border between Israel and the powerful Iran-backed group Hezbollah have also escalated, raising fears of wider war

Israel-Hezbollah tensions drive fears of widening Gaza war

Hezbollah chief Hassan Nasrallah's group and Israeli forces have exchanged near-daily fire since Hamas's October 7 attack on southern Israel...
  • Hezbollah said it fired dozens of rockets into northern Israel in retaliation for a deadly air strike in south Lebanon
  • Experts are divided on the prospect of wider war

Hizbollah threatens Israel after military says Lebanon offensive ready

Hassan Nasrallah - whose powerful Iran-backed group has exchanged near-daily fire with Israel since its ally Hamas's October 7 attack...
  • Hizbollah chief Hassan Nasrallah said "no place" in Israel would "be spared our rockets", in a televised address broadcast amid spiraling tensions across the Israel-Lebanon border
  • Meanwhile, the war between Israel and Hamas raged in Gaza, with Israeli air strikes and clashes between troops and Palestinian fighters