Manus Cranny

Iran’s foreign minister warned that new fronts would open against the US if it keeps up unequivocal support for Israel, escalating a rhetorical back-and-forth that has stoked fears the Israeli conflict with Hamas will spread into a wider regional war.

A former Israeli central bank governor said her successor should stay in the job when his five-year term comes to an end in December, with the institution now at the forefront of efforts to stabilize markets following the attack by Hamas.

Joining the BRICS bloc of emerging economies by the United Arab Emirates won’t come to the detriment of its ties with western nations, a top UAE official said, amid concern that China and Russia are expanding the group to counterbalance US and European influence.

Adding countries to the BRICS bloc will matter economically if Saudi Arabia is one of them but otherwise it’s hard to see the point, said Jim O’Neill, a prominent economist and veteran of Goldman Sachs Group Inc.

The United Arab Emirates is looking to accelerate economic growth as it seeks to double its gross domestic product to over $800 billion by the end of the decade.

The United Arab Emirates will focus on bolstering global efforts to mitigate carbon emissions and make funds available to finance green projects, a top official said, as the country prepares to host a major climate conference this year.

UBS Group AG Chief Executive Officer Sergio Ermotti said the lender’s share buyback plans are temporarily suspended and not canceled as it grapples with the huge integration of Credit Suisse Group AG.

Saudi Arabia’s efforts to ease a recent liquidity crunch in the financial system are working and have calmed markets, according to the head of one of the kingdom’s largest lenders.

Saudi Arabia Says a Palestinian State Is Key to Ties With Israel

Saudi Arabia Open to Talks on Trade in Currencies Besides Dollar

Dubai will seek capital mostly from the US and the UK, already its biggest sources of foreign direct investment, as it looks to expand trade and almost double funding from abroad over the coming decade.

LinkedIn Chief Executive Officer Ryan Roslansky is gearing up for growth for the social-networking site in markets such as India, even as it prepares for economic headwinds more broadly by pausing hiring.

Agthia Group PJSC intends to work alongside government officials from the United Arab Emirates to ensure wheat supplies despite India’s export ban.

Saudi Arabia will start futures trading on single stocks in the second quarter of this year, the head of the Tadawul stock exchange said, as the Middle East’s largest bourse moves to boost liquidity.

The United Arab Emirates does not intend to return to a full lockdown despite a rise in Covid-19 cases, and will focus on testing and vaccination to keep its economy open, its trade minister said.

Palestinian Monetary Authority Eyes Digital Currency Launch

Ooredoo QSC, Qatar’s biggest listed telecom company, is eyeing as much as 30% of the market share in Indonesia after completing a merger involving its unit in the country.

Dubai plans to vaccinate all eligible adults by the end of the year, as the Middle East business hub uses a variety of shots and movement restrictions to contain the coronavirus.

Nigeria wants to vaccinate as much as 40% of its population against the coronavirus in 2021, a government official said, in a plan that was described as unfeasible by a state governor and analysts.

The Public Investment Corp., Africa’s biggest fund manager, is willing to help South African power utility Eskom Holdings SOC Ltd. resolve its debt crisis, Finance Minister Tito Mboweni said at the Bloomberg Capital Markets Focus virtual event Tuesday.