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Middle East
Operation to empty Yemen Safer oil tanker set to begin, UN says
Operations to salvage 1.1 million barrels of oil from a decaying tanker moored off Yemen’s coast will soon begin after a technical support ship arrived on site on Tuesday, the United Nations said.
UN officials have been warning for years…
MENA faces $994bn infrastructure funding gap between 2016 and 2040: report
The Middle East and North Africa region is confronting the largest infrastructure funding gap in the Organisation of Islamic Cooperation, estimated to be about $993.9 billion between 2016 and 2040, according to the ICD-Refinitiv OIC…
UAE banks’ profits surge 35% to $4.98bn in Q1: report
The UAE’s banking sector recorded a 35 percent growth in net profits to 18.3 billion dirhams ($4.98 billion) during the first quarter of 2023, reported global professional services firm Alvarez & Marsal.
This boost in profitability…
Prominent Somali politicians protest at election overhaul deal
A group of leading Somali politicians denounced Monday a move to overhaul the country’s electoral system and introduce universal suffrage, charging that there was a lack of broad consultation and that some of the proposals were…
Ukraine approves sanctions against Russian ally Iran: parliament
Kyiv’s parliament on Monday approved a sanctions package against Russia’s ally Iran, accused of sending weapons to Moscow during its more than year-long invasion of Ukraine.
The package was approved by parliament one day after Ukraine…
Egypt’s El-Sisi, top Iraqi cleric discuss political developments in Iraq
Egyptian President Abdel Fattah El-Sisi met with Ammar Al-Hakim, head of the Iraqi Wisdom Movement, in Cairo on Sunday. The two leaders discussed the latest political developments in Iraq and prominent regional issues of mutual interest.…
DP World launches partnership to get African business moving
Dubai-based DP World has teamed up with the largest bank in Africa by assets to offer new trade finance solutions, Emirates News Agency reported on Monday.
African businesses seeking trade finance will now be able to receive working…
Desert wells help Iraq harvest bumper wheat crop as rivers dry
Amin Salah used to grow wheat near the banks of Iraq’s Euphrates River, but persistent droughts have led him to switch to farming unlikely new grounds deep in the harsh desert of Najaf.
Watered by sprinklers fitted to wells dug more than…
Egypt’s El-Sisi, Turkiye’s Erdogan agree on reinstating ambassadors
Egypt President Abdel Fattah El-Sisi and Turkish President Recep Tayyip Erdogan agreed on “the immediate start of upgrading diplomatic relations, exchanging ambassadors,” Egypt’s presidency said in a statement on Monday.
El-Sisi spoke…
After the deluge: Jordan wakes up to flood and hailstone chaos
The people of Jordan woke up on Monday to witness floods sweeping away crops and affecting roads, while large hailstones smashed into cars and windows in a chaotic scene.
Heavy overnight rain on Sunday in the southern and eastern parts…