Egyptian billionaire Naguib Sawiris says Turkey’s Erdogan wants to be ‘new Ottoman emperor’

Egyptian billionaire Naguib Sawiris leveled strongly worded criticism at Turkey’s President Recep Tayyip Erdogan this week, accusing the leader of making a “very big mess” in the Middle East. “We have Mr. Erdogan’s new ambitions to become the new Ottoman emperor of the region,” he told CNBC’s Hadley Gamble on Tuesday, referring to the former … Read more

Israeli parliament backs UAE normalisation deal

Israel’s parliament voted Thursday in favour of normalisation of ties with the United Arab Emirates after a marathon debate with over 100 speeches lasting more than eight hours. A total of 80 lawmakers voted to approve the US-brokered agreement, with 13 from the Arab-led Joint List against. “This historic agreement… will bring us closer to … Read more

Indo-Israel rapid COVID-19 testing research to fructify in ‘matter of days’: Israeli envoy

NEW DELHI: A game-changer rapid COVID-19 testing technology being jointly developed by India and Israel should be ready for rollout in “a matter of days” and it will be able to give test results in less than a minute by simply requiring an individual to blow into a tube, the Israeli envoy to India has … Read more

Czech Republic to acquire Israeli air defense system, SPYDER, in USD 430 million deal

PRAGUE: The Czech Republic wants to buy a new air defense system for its military from the Israeli government, the defence ministry said on Friday. The Czechs want to acquire the SPYDER system, which is made by the Israeli state-run company Rafael Advanced Defence Systems Limited and is capable of providing protection against aircraft, helicopters, … Read more

UAE minister says ‘the whole region’ benefits from his country’s deal with Israel

SINGAPORE — The Middle East will benefit from the bilateral deal between Israel and the United Arab Emirates, the Emirati minister of economy said this week. “Both nations will bring different mindsets to the table, different advantages, and I think the whole region will benefit from this agreement,” Abdulla bin Touq told CNBC’s Hadley Gamble on Wednesday. His … Read more

Bahrain follows Emirates and normalizes ties with Israel

U.S. President’s senior adviser, Jared Kushner (R) meets Bahrain’s Crown Prince Salman bin Hamad Al Khalifa (L), during his visit to Manama, Bahrain, September 1, 2020. Bahrain News Agency/Handout via REUTERS ATTENTION EDITORS – THIS PICTURE WAS PROVIDED BY A THIRD PARTY. Bahrain News Agency | Handout via Reuters Bahrain joined the United Arab Emirates … Read more

Serbia, Kosovo to open Israel embassies in Jerusalem

U.S. President Donald Trump speaks during a meeting with Serbia’s President Aleksandar Vucic and Kosovo’s Prime Minister Avdullah Hoti at the White House in Washington, September 4, 2020. Leah Millis | Reuters Israel and Kosovo have agreed to establish diplomatic ties and Kosovo, along with Serbia, will open embassies in Jerusalem, Israeli Prime Minister Benjamin … Read more

UAE ends boycott of Israel, permits economic and financial deals

A cargo plane operated by Etihad Airways prepares to land at Israel’s Ben Gurion Airport near Tel Aviv on June 9, 2020. The United Arab Emirates flew its first publicly announced flight to Israel on May 20, when Etihad sent medical supplies to help Palestinians cope with the coronavirus. Jack Guez | AFP | Getty … Read more

‘You can’t turn a battleship around overnight’: Jared Kushner downplays Saudi silence on Israel-UAE deal

A deal between Israel and the United Arab Emirates to normalize diplomatic ties should be celebrated as a “historic step,” despite the lack of support from Saudi Arabia, according to White House senior advisor and U.S. President Donald Trump’s son-in-law Jared Kushner. Under the accord announced Thursday, which the U.S. helped to broker, Israel agreed to … Read more

UAE announces normalisation of diplomatic ties with Israel under deal brokered by Trump

DUBAI/WASHINGTON: The UAE and Israel on Thursday agreed to establish full diplomatic relations in a deal brokered by US President Donald Trump, a breakthrough the three nations say will advance peace in the Middle East and result in Jerusalem suspending its plans to annex large parts of the occupied West Bank. “This historic diplomatic breakthrough … Read more