Author: Steven Sahiounie

Interim Foreign Minister Ali Bagheri Kani has expressed Iran’s “serious resolve” to bring Israel to account for its crimes and adventures that put the region at risk. In posts on his X account early on Sunday, Bagheri Kani said that he had discussed regional developments with top Jordanian and Egyptian diplomats during his second telephone conversation with the pair in the past 48 hours. “The situation in West Asia is particularly critical due to continued crimes and dangerous adventures of the ruling criminal gang in Tel Aviv,” he said. “The regional Muslim countries should adopt a unified and decisive position and take…

Negotiations held in Cairo on Saturday regarding a ceasefire in the Gaza Strip and a potential hostage exchange have reached a deadlock, according to Axios political reporter Barak Ravid. Despite the high-level discussions, no breakthrough was achieved. A high-level Israeli delegation had arrived in Cairo to engage with Egyptian special services on the matter. However, two Israeli officials reported that the talks did not produce the desired results, with negotiations remaining stalled and a resolution seemingly distant. The stalemate follows reports from the Spanish news agency EFE on Friday, which cited Egyptian security services indicating that contacts between Egyptian and Qatari intermediaries with the…

The French and US foreign ministers called on all sides in the Middle East “to exercise the utmost restraint” to prevent a regional conflict, France’s foreign ministry said Saturday.French Foreign Minister Stephane Sejourne discussed the rising tension in the region by telephone with his US counterpart Antony Blinken, said a ministry spokesman.“They agreed to continue to call on all parties to exercise the utmost restraint to prevent any regional conflagration that would have devastating consequences for the countries in the region,” he added.They will also continue their joint efforts for a lasting ceasefire in Gaza, the spokesman added.The meeting comes…

Minister of Foreign Affairs Badr Abdelatty urged Saturday in a phone call with Iran’s Acting Minister of Foreign Affairs Ali Bagheri Kani that all parties must exercise calm and restraint to prevent current tensions in the Middle East from spiralling out of control. FM Abdelatty made his statements in a phone call to Bagheri as part of Egypt’s ongoing communications with all concerned parties to contain the current escalation and reduce regional tensions, according to the Egyptian foreign ministry. The Egyptian foreign minister stressed to his Iranian counterpart that the recent unprecedented developments in the region are extremely dangerous and pose a…

The report revealed that residential land plot prices have increased by 2.8% year-on-year, primarily driven by the residential sector, significantly impacting the overall increase in real estate prices

Dubai has climbed the rankings to become the most expensive city in the Middle East for international workers

GCC debt capital market (DCM) issuances are moving towards the $1 trillion outstanding mark, growing through 2024 and 2025, Fitch said in a new report.

Dubai-listed Emirates REIT has partially redeemed its $380 million sukuk after announcing the sale of Trident Grand Mall in Jumeirah Beach Residence (JBR) last month.

Doha: Qatar Central Bank (QCB) has issued treasury bills and Islamic bonds for maturities of 7 days, 28 days, 91 days, 182 days

A total of 24.88mln bpd arrived in July in Asia, the world’s biggest oil importing region, down 6.1% from the previous month and the lowest on a daily basis since July 2022