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Etihad reports record Q1 profit

Total revenue increased by $269 million in the same period.

Aramco Q1 profit down 14.5%

Despite lower profit, it will pay $31bn in dividends to Saudi government.

IHC Q1 net profit $2.17bn

The company launches Share Buyback Programme

Amazon triples quarterly profit

The company's cloud, ads, and retail businesses thrive.

McDonald’s profits up 7%

The quarterly profits increased despite weak Middle East sales.

Heeding ‘people’s call,’ Sisi announces run for third term

Cairo, Egypt - Egyptian President Abdel Fattah al-Sisi announced Monday his candidacy for a third term in office, ahead of December...
  • State-aligned television showed thousands of people celebrating the announcement across the country
  • A year after deposing Islamist president Mohamed Morsi, Sisi won 96 percent of the vote in 2014

Israel top court hears appeals against rules for removing prime minister

Israel's top court debated appeals against a law restricting how a prime minister can be removed from office, as current...
  • The legislation says that a prime minister can be declared unfit for office due to health reasons.
  • The law says a two-thirds majority in cabinet is required to take such a step, before the move is approved by at least 80 of the parliament's 120 members.

Israel congratulates Saudi Arabia on national day

JERUSALEM - Israel offered its congratulations to Saudi Arabia on the kingdom's national day on Saturday as the two countries...
  • "We send our sincere congratulations to the king, government and people of Saudi Arabia on the occasion of the 93rd national day," the Israeli foreign ministry said.
  • "May Allah bring you goodness and blessings, security and prosperity with our wishes for an atmosphere of peace, cooperation and good neighborliness," it added in the statement.

Egypt jails opposition activist ahead of next year’s presidential polls

CAIRO, EGYPT - An Egyptian court has sentenced prominent dissident Hisham Kassem to six months in prison, his lawyer and political...
  • Hisham Kassem was also slapped with about $650 fine after being found guilty of defaming a former minister.
  • Kassem’s lawyer Nasser Amin wrote on Facebook that the verdict would be appealed in a court hearing on October 7.

Libya flood toll is partly due to years of division, say analysts

TRIPOLI, LIBYA - Over a decade of bloody power battles in Libya have resulted in vital infrastructure falling into disrepair, culminating...
  • Libya has been wracked by conflict and division ever since a NATO-backed uprising toppled and killed longtime dictator Moamer Kadhafi in 2011.
  • Tripoli-based prime minister blamed the tragedy on the absence of adequate development plans and the "effect of the years" on the dams.

Palestinian fighters in Lebanon camp agree on truce

SIDON, LEBANON - Palestinian fighters agreed a new ceasefire on Thursday after more than a week of deadly violence in Lebanon's...
  • At least 17 people have been killed and around 100 wounded in the fighting in Ain al-Helweh refugee camp, on the outskirts of Sidon, Lebanon.
  • Previous ceasefires had collapsed when the warring parties failed to honour commitments to hand over fighters wanted by the other side.

Normalization of Israeli-Saudi ties hit Palestine, security barriers

Despite Israel's strong determination and increasing US mediation efforts, the establishment of diplomatic relations between Tel Aviv-Riyadh still face serious...
  • The Chinese-mediated restoration of diplomatic ties between Saudi Arabia and Iran served as a catalyst for US efforts to advance Tel Aviv-Riyadh ties.
  • For Israel, the normalization of relations with Arab countries has remained an important strategic goal for years.

Dozen injured after skirmish between Israeli police, Eritrean protestors

TEL AVIV, ISRAEL- A dozen Eritrean asylum seekers were wounded by Israeli police gunfire here on Saturday after a demonstration against...
  • Clashes began outside a south Tel Aviv venue that was set to host a pro-regime event organized by the Eritrean embassy in Israel.
  • Protestors "hurled rocks and wooden planks" at officers, who used riot dispersal means and mounted forces to clear the Eritreans.

Nobel Foundation withdraws invitation to Russia, Belarus envoys

Ukrainian foreign ministry spokesman Oleg Nikolenko wrote on Facebook that the foundation should support efforts to isolate Russia and Belarus...
  • In 2022, the Nobel Foundation decided not to invite the Russian and Belarusian ambassadors to the Stockholm award event because of Ukraine war.
  • The Swedish foundation however said Thursday it was returning to its previous practice of inviting ambassadors from all countries represented in Sweden.

Iran’s BRICS membership to strengthen group, says XI

TEHRAN/ JOHANNESBURG, IRAN/ SOUTH AFRICA - The Iranian and Chinese presidents stressed the need to bolster bilateral cooperation and the...
  • The BRICS heads of state held their 15th annual summit in Johannesburg.
  • The heads of state called for the use of local currencies to facilitate trade.

India publishes election donation data after court order

The BJP had received slightly less than 48 percent of all election bonds cashed by parties up to March 2023,...

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Israeli apex court strikes down law that limited court oversight

Opposition leader Yair Lapid welcomed the verdict and warned of the resurgence of internal divisions in Israeli society. "The Supreme...

India targeting high-profile journalists with spyware: Amnesty

Indian media reported last month that the country's cyber security unit was investigating allegations by opposition politicians of attempted phone...

Iraqis vote in first provincial elections for a decade

The vote is expected to consolidate the position of the ruling Coordination Framework coalition, an Iran-aligned bloc that brings together...

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195 die in Israel strikes on Gaza camp, hundreds wounded

The Hamas government in Gaza said that 195 people had been killed in Israeli strikes this week on Jabalia refugee...
  • Ambulances were set to rush several dozen patients to Egyptian hospitals, and about 400 foreigners or dual nationals were expected to escape.
  • Egypt said that eventually it hoped to help evacuate 7,000 foreigners from over 60 countries from the densely crowded territory of 2.4 million people.

Tunisian opposition leader to spend more time behind bars

Tunis, Tunisia - The leader of Tunisian opposition party Ennahdha, Rached Ghannouchi, 82, had his jail sentence on terrorism-related charges raised...
  • Rached Ghannouchi, leader of Tunisian opposition, will now stay in jail for 15 months, instead of 12 months
  • Ghannouchi's latest sentence came following a police union's complaint accusing the opposition leader of inciting violence

Israel army orders evacuation of northern city after Lebanon clashes

KIRYAT SHMONA, ISRAEL - The Israeli military announced plans to evacuate the northern city of Kiryat Shmona on Friday, after days...
  • Lebanon's Iran-backed Hezbollah and allied Palestinian factions have traded cross-border fire with Israel for days.
  • Israeli authorities have been steadily evacuating communities near the Gaza border and along the country's northern frontier.