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Middle East
Saudi banks’ profits surge 3.4% in April to $1.55bn
The aggregate profit of banks operating in Saudi Arabia increased by 3.4 percent year on year in April to reach SR5.78 billion ($1.55 billion), according to the latest figures released by the Saudi Central Bank, also known as SAMA.
The…
UAE’s Dana Gas raises its foreign ownership limit to 100%
The UAE’s vision of strengthening its capital markets has become one step closer to reality as Sharjah-based energy company Dana Gas plans to raise its foreign ownership limit to 100 percent.
Listed on the Abu Dhabi market, the firm…
Iran’s Khamenei welcomes better ties with Egypt
Iran’s supreme leader said Monday he’d “welcome” the restoration of full diplomatic ties between Egypt and the Islamic Republic, raising the prospect of Cairo and Tehran normalizing relations after decades of strain.
The comments by…
Libya drone strikes kill two, injure MP’s nephew
Drone strikes in Libya killed at least two people and wounded others, including an MP’s nephew, the lawmaker said, days after accusing the Tripoli-based government of targeting his home.
The strikes near the western city of Zawiya were…
Heavy clashes in Sudan’s capital as truce set to expire
Heavy and sustained clashes could be heard on Monday in parts of Sudan’s capital, residents said, hours before the expiry of a shaky cease-fire deal that had brought some respite from a six-week-old conflict but little humanitarian access.…
Christian blocs indicate support for Jihad Azour as a Lebanon presidential candidate
News emerged on Sunday that the largest Christian blocs in the Lebanese parliament — the Free Patriotic Movement, the Lebanese Forces, and the Lebanese Phalanges Party — were moving toward reaching a consensus on a presidential candidate.…
Five wounded in Israeli strikes targeting sites near Damascus: monitor
Israeli air strikes hit the Damascus region overnight Sunday, the Syrian defense ministry said, with a war monitor reporting five wounded in attacks on air defense sites that host Hezbollah fighters.
“At around 11:45 p.m. (2045 GMT), the…
Israel launches ‘eye in the sky’ balloon in Galilee
A surveillance balloon launched by the Israeli military in the northern Galilee region will provide early warning of long-range missiles and drones targeting the country, sources said on Sunday.
Israeli authorities said that the balloon…
Miseries pile up for West Bank refugees as UNRWA workers’ strike continues
Palestinian refugee camps in the West Bank face a summer littered with waste due to an ongoing strike, sparking fears about disease outbreaks.
Piles of garbage have accumulated as more than 3,600 UN Relief and Work Agency workers have…
Iraq unveils $17bn transport project linking Europe and Mideast
Iraq on Saturday presented an ambitious plan to turn itself into a regional transportation hub by developing its road and rail infrastructure, linking Europe with the Middle East.
Once completed, the $17 billion project known as the…