Middle Eastern airlines to show industry’s best profits in 2025

Firefighters in Cyprus are battling a significant wildfire near Limassol, prompting the evacuation of at least four villages amid soaring temperatures of 43°C. Authorities have mobilized 14 aircraft for firefighting efforts and requested EU assistance, while neighboring Jordan is also providing help, as the blaze continues to cause considerable damage to homes in the region known for its vineyards. Want More Context? 🔎

Colombian President Gustavo Petro threatened to unilaterally modify Glencore’s concession contract if the company continues coal exports to Israel, which he has suspended due to the conflict in Gaza. Glencore stated it has already ceased shipments in compliance with Petro's decree, asserting that its last coal delivery occurred two weeks prior to the order's implementation. Want More Context? 🔎

Iran has agreed to a visit by a technical team from the International Atomic Energy Agency (IAEA) to Tehran in the next two to three weeks, although the team will not visit Iran's nuclear facilities. The discussions will focus on the framework of Iran’s cooperation with the UN nuclear agency under new circumstances, according to Deputy Foreign Minister Kazem Gharibabadi. Want More Context? 🔎

Israel's President Isaac Herzog visited the Gaza Strip, discussing ongoing negotiations for the return of hostages and expressing hope for positive news soon, according to his spokesperson. The visit underscores the urgency of the situation as efforts continue to resolve the hostage crisis. Want More Context? 🔎

Karim Attiyeh, a Lebanese-born technologist and co-founder of Ramp, has been recognized by Forbes Middle East as a billionaire with a net worth of $1.3 billion, making him the youngest Arab-American billionaire in the US and the sixth Arab-born billionaire in the country. Attiyeh's fintech startup has rapidly grown, serving over 40,000 businesses and achieving a valuation of nearly $16 billion by 2025. Want More Context? 🔎

Saudi Arabia is set to sign investment deals worth approximately $4 billion with Syria during the Syrian-Saudi Investment Forum in Damascus, attended by a delegation of over 120 Saudi investors. This initiative aims to enhance economic ties following recent violence in Syria, amid efforts to rebuild the country's economy and counter Iran's regional influence. Want More Context? 🔎