#Gaza

IMF says escalation of Middle East conflict poses economic risks

IMF says escalation of Middle East conflict poses economic risks

The main channels for the conflict to impact the global economy have been through higher commodity prices, including oil and grains

CAIRO, EGYPT - AUGUST 20: (----EDITORIAL USE ONLY - MANDATORY CREDIT 'EGYPTIAN PRESIDENCY / HANDOUT' - NO MARKETING NO ADVERTISING CAMPAIGNS - DISTRIBUTED AS A SERVICE TO CLIENTS----) Egyptian President Abdel Fattah el-Sisi meets US Secretary of State Antony Blinken in Cairo, Egypt on August 20, 2024. (Photo by Egyptian Presidency/Anadolu via Getty Images)

US to release $1.3bn in military aid to Egypt

The ongoing conflict in Gaza has increased Washington’s dependence on Egypt for diplomatic mediation

oil

Oil prices ease on China demand fears, focus on Middle East talks

That has stoked worries among traders about a slump in demand from China, where refineries sharply cut crude processing rates last month on tepid fuel demand

Brent oil price forecast Bloomberg GettyImages-1384536093

Oil set for 3% weekly gain on rising Middle East tension, better US outlook

Both Brent and WTI were set to gain more than 3 per cent on a weekly basis

Lebanon - Egypt Air

UK, Egypt issue alerts for Lebanon airspace

Many airlines, globally, are revising their schedules to avoid Iranian and Lebanese airspace while also calling off flights to Israel and Lebanon

Lebanon-Beirut

Middle East: As tensions mount, a look at Lebanon’s myriad crises

Lebanon’s multiple crises include a contracting economy, lack of governance and tensions in the region causing an influx of refugees

Lebanon

Lebanon: Which countries are urging their citizens to evacuate now?

France, Italy, Australia and Canada have joined the US and the UK, in issuing evacuation orders for their citizens in Lebanon

Antony-Blinken-Israel

Middle East tensions: US State Secretary Antony Blinken dials GCC counterparts

Blinken has spoken to his counterparts in Saudi Arabia, the UAE and Qatar as tensions have ratched up in the region, in recent days

Antony-Blinken-Israel

Antony Blinken back in the Middle East to discuss ceasefire proposal

This marks Blinken’s eighth trip to the region since the conflict erupted in October 2023

antony blinken in jeddah

Blinken arrives in Saudi Arabia on first leg of Middle East tour

Blinken is expected to meet with senior Saudi leaders and hold a wider meeting with counterparts from five Arab states – Qatar, Egypt, Saudi Arabia, the UAE and Jordan

antony blinken in jeddah

Blinken meets Crown Prince Mohammed bin Salman amid ceasefire negotiations

The US Secretary of State is on his sixth visit to the region since the October 7 crisis broke out

Oil starts week lower on signs of easing Middle East conflict

Oil falls after weekly gain on signs of easing Israel-Gaza conflict

Geopolitical risks including a feared broadening of the Middle East conflict pushed oil prices up by about 6 per cent last week

UAE President, Qatar Emir leaders call for de-escalation in Gaza

UAE President, Qatar Emir call for de-escalation in Gaza

The two leaders emphasised the need to prioritise the protection of civilians in accordance with international humanitarian law

UAE jobs

What are global firms with presence in Israel doing?

As Israel and Gaza have erupted in violence, multinational companies operating in the country have had to scramble to protect their employees while continuing operations

Crude oil market on tenterhooks over OPEC meet. Image credit: Getty Images

Oil prices down as diplomatic moves in Israel-Gaza crisis trim supply-disruption risk

To ease oil supply pressure, the US suspended sanctions on OPEC member Venezuela after a Venezuelan government deal with the opposition

UAE PRES MEETS WORLD FOOD PROGRAMME CHIEF OVER GAZA CRISIS

Gaza: UAE President receives World Food Programme Executive Director

The meeting addressed cooperation between the UAE and WFP in addressing food security challenges and ensuring food provision to Gaza

israel

Israeli energy sites impacted by the Gaza conflict

The port of Ashkelon and its oil terminal, located a few kilometres from the Gaza strip had been shut since October 7

Jordan cancels summit with President Biden, Sisi and Abbas

Jordan cancels summit with President Biden, Sisi and Abbas

The proposed summit between the US President, King Abdullah II and Palestinian and Egyptian leaders was cancelled after Gaza hospital explosion

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Israel conducts air strikes in Gaza as new violence flares

The conflict in May killed more than 250 Palestinians and 13 people in Israel

Israel-Gaza conflict intensifies as global diplomatic efforts continue

The US dispatched an envoy to the region and Egypt and Qatar sought to help broker a truce

UAE to host emergency meeting with Arab leaders over Jerusalem

The latest bout of fighting appeared to be the most serious escalation since a 2014 war in Gaza

Hamas Says Israel Killed Three Top Gaza Commanders

Egyptian-mediated talks to end weeks of deadly fighting between Israel, Hamas and other militant groups in Gaza collapsed on Tuesday when violence broke out after ten days of relative calm.