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China offers Taiwan energy security in reunification push

China has long offered the island “one country, two systems” autonomy if it agrees to be brought under Beijing’s control

Reuters
Reuters

18 March, 2026

China offers Taiwan energy security in reunification push
Image: Getty Images/Image for illustrative purpose

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Amidst global energy instability, China offered Taiwan energy security in exchange for accepting Beijing's rule and "reunification." Taiwan, reliant on LNG from Qatar, rejected the offer, citing secured alternative supplies, including from the U.S. China claims reunification would bring resource security under its backing, but Taiwan insists only its people can decide its future. China has banned fuel exports due...

China offered on Wednesday what it said would be energy stability to Taiwan if it agreed to Beijing’s rule, part of a campaign by China to convince the island of the benefits of “reunification”, which it has long rejected.

Governments around the world are scrambling for alternative energy supplies during the Middle East War and severing of shipping lanes through the vital Strait of Hormuz.

Taiwan, which had received a third of its LNG from Qatar and sources no energy from China, has said it has secured alternative supplies for the months ahead, including from the United States, the island’s main international backer.

Chen Binhua, a spokesperson for China’s Taiwan Affairs Office, told reporters in Beijing that “peaceful reunification” would bring better protection of Taiwan’s energy and resource security with a “strong motherland” as its backing.

“We are willing to provide Taiwan compatriots with stable and reliable energy and resource security, so that they may live better lives,” he said, responding to a question about Taiwan’s energy supplies during the war in the Middle East.

There was no immediate response to the comments from Taiwan’s government, which rejects Beijing’s sovereignty claims and says only the island’s people can decide their future.

China has long offered the island “one country, two systems” autonomy if it agrees to be brought under Beijing’s control, which no major political party in Taiwan supports.

In October, China’s official Xinhua news agency mapped out what it said were the advantages Taiwan would enjoy after “reunification”, including economic support, but said the island had to be run by “patriots”.

China has never renounced the use of force to bring Taiwan under its control.

China, the world’s top oil importer, last week banned fuel exports until at least the end of March, in an attempt to pre-empt domestic shortages, sources said, curbing exports that last year totalled $22bn.

UAE says Eid Al Fitr prayers to be held in mosques only

The authority has asked people to adhere to guidelines and arrive early to perform the Eid prayer in mosques to ensure their safety

Neesha Salian
Neesha Salian

18 March, 2026

UAE says Eid Al Fitr prayers to be held in mosques only
Image: Dubai Media Office/ X/ For illustrative purposes

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The UAE's General Authority of Islamic Affairs announced that Eid Al Fitr prayers will be held exclusively inside mosques nationwide to ensure worshippers' safety. The authority urges adherence to guidelines and early arrival at mosques. Outdoor prayer grounds will not be used.

The General Authority of Islamic Affairs, Endowments and Zakat said Eid Al Fitr prayers this year will be held only inside mosques across the country to ensure the safety and security of worshippers.

The move means worshippers will pray in designated mosques nationwide, rather than at traditional outdoor prayer grounds.

Eid prayers: UAE authority urges people to adhere to guidelines

The authority that oversees mosque operations across most of the UAE issues guidance on prayer arrangements and religious practices.

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The authority has asked people to adhere to guidelines and arrive early to perform prayers in mosques to ensure their safety.

Read: Eid Al Fitr 2026 holidays for public and private sector employees

Tesla enables free supercharging across UAE, select GCC markets

The announcement was made via the company’s official Tesla Charging account on X

Rajiv Pillai
Rajiv Pillai

18 March, 2026

Tesla enables free supercharging across UAE, select GCC markets
Image: Getty Images

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Tesla is offering temporary free Supercharging in the UAE, Saudi Arabia, and Qatar to support EV users. The initiative covers multiple locations, including major cities like Dubai and Riyadh. Elon Musk indicated this is standard Tesla policy during "tough times."

Tesla has announced that it is temporarily offering free supercharging at its network of charging stations across the UAE and select GCC markets, in a move aimed at supporting electric vehicle (EV) users across the region.

The announcement was made via the company’s official Tesla Charging account on X, confirming that customers can access its Supercharger network at no cost for a limited period.

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The initiative applies to multiple locations across the UAE, Saudi Arabia and Qatar, with the UAE accounting for the largest share of participating stations. These include key urban hubs such as Dubai, Abu Dhabi and Sharjah, as well as intercity and highway locations.

Last month, Tesla founder Elon Musk stated that it is “standard Tesla policy is to make Supercharging free during tough times”.

Ajman announces Eid holidays for govt employees: Here’s when the break starts

The move follows an announcement made on March 12 by the Dubai Government Human Resources Department, which confirmed the same holiday period

Nida Sohail
Nida Sohail

18 March, 2026

Ajman announces Eid holidays for govt employees: Here’s when the break starts

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Ajman confirmed a four-day Eid Al-Fitr holiday for government employees (March 19-22), aligning with Dubai and Sharjah. All three emirates extended congratulations and best wishes. This synchronized holiday schedule allows UAE residents to celebrate the end of Ramadan with a unified long weekend.

Ajman became the latest emirate to confirm Eid Al-Fitr holidays, announcing that government employees will observe a four-day break from Thursday, March 19, to Sunday, March 22, with work resuming on Monday, March 23, a WAM report said.

The move follows an announcement made on March 12 by the Dubai Government Human Resources Department, which confirmed the same holiday period for all government entities, with exceptions for shift-based roles.

Sharjah had issued its decision even earlier, on February 23, when the Sharjah Department of Human Resources confirmed identical Eid Al-Fitr holiday dates for government departments and institutions.

Unified celebrations across the UAE

Across Ajman, Dubai and Sharjah, authorities extended congratulations to the UAE leadership, citizens and residents, as well as to Arab and Islamic nations worldwide.

Officials expressed hopes that the occasion would return with “goodness, prosperity and blessings for all,” reflecting the spirit of unity that defines Eid celebrations in the country.

With all three emirates aligning their holiday schedules, UAE residents can look forward to a synchronised long weekend marking the end of Ramadan and the beginning of Eid festivities.

Iran confirms security chief Ali Larijani killed

Strike eliminates one of Tehran’s most powerful figures as conflict continues into a third week

Reuters
Reuters

18 March, 2026

Iran confirms security chief Ali Larijani killed

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Iran confirmed the assassination of security chief Ali Larijani, a top figure and Khamenei confidant, by Israel. His son and deputy were also killed. This escalation, alongside the killing of Basij leader Gholamreza Soleimani, marks a significant development in the ongoing US-Israeli war on Iran, fueling the regional conflict.

Iran’s security chief Ali Larijani was killed by Israel, the Iranian government confirmed on Tuesday, the most senior figure targeted since the US-Israeli war’s first day.

Larijani was widely viewed as one of Iran’s most powerful figures and a confidant of slain Supreme Leader Ayatollah Ali Khamenei and his son and successor, Mojtaba.

His death was confirmed by Iran’s Supreme National Security Council, which Larijani led as secretary. Larijani‘s son and his deputy, Alireza Bayat, were also killed in Israel’s attack on Monday night, the council said.

The targeted killings came more than three weeks into the US-Israeli war on Iran, which has quickly become a regional conflict that shows no signs of de-escalation.

Israel also killed another top official, Gholamreza Soleimani, who led the volunteer Basij militia, which plays a major role in domestic security.

Mastercard deepens stablecoin push with up to $1.8bn BVNK acquisition

Mastercard said the deal would enable its users to carry out cross-border remittances, business payments and payouts with stablecoin

Reuters
Reuters

17 March, 2026

Mastercard deepens stablecoin push with up to $1.8bn BVNK acquisition

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Mastercard is acquiring BVNK for up to $1.8B to expand its stablecoin payment capabilities and compete with Visa in blockchain-based transfers. The acquisition provides Mastercard with established infrastructure, licenses, and geographic reach, enabling faster, cheaper cross-border payments. This move aligns with Mastercard's broader digital asset strategy and its belief in the growing adoption of stablecoins.

Mastercard said on Tuesday it would buy stablecoin payments infrastructure firm BVNK for up to $1.8bn, as the card giant deepens its push into blockchain-based transfers.

Increasing regulatory clarity and broader usage of stablecoins have created opportunities for card networks to expand beyond traditional cards into faster, lower-cost digital payment systems. Mastercard and rival Visa are competing to establish an early lead in the fast-evolving segment.

Mastercard said the deal would enable its users to carry out cross-border remittances, business payments and payouts with stablecoin, which offers advantages in speed, cost and availability.

Read more-Bitcoin rebounds after testing key $60,000 support

“BVNK has spent the last seven years building not just the technology, but also obtaining licenses in multiple geographies,” said Mastercard’s chief product officer, Jorn Lambert, on a conference call.

Lambert added that building similar capability internally “would require quite a bit of time,” while an acquisition would allow Mastercard to “get to market much faster.”

The deal includes $300m in contingent payments and is expected to close before the end of 2026.

Analysts at William Blair said that BVNK’s stablecoin infrastructure “complements its (Mastercard’s) existing card solutions, in our view, offering greater payment and money movement choice across fiat and blockchain rails.”

BVNK, founded in 2021, specialises in infrastructure to bridge between fiat and stablecoins. The platform enables sending and receiving payments on all major blockchain networks across more than 130 countries.

“BVNK represents a major buy opportunity for MA given the former’s impressive existing geographic reach, difficult-to-acquire payments licenses, and strong relationships with key ecosystem participants,” said Citi analyst Bryan Keane.

The deal builds on Mastercard’s broader push into digital assets, including its Crypto Partner Programme, as it seeks to integrate blockchain-based payments into its global network and expand its addressable market.

Mastercard believes that stablecoin adoption is likely to broaden across the financial industry.

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