Search Site

Trends banner

TAQA secures $2.31bn loan

It will be utilized in a phased manner.

Aramco signs $11bn deal

The deal involves its Jafurah gas facilities.

TAQA H1 net income $1bn

The group's revenue reached $7.73 billion.

ADNOC L&S H1 net profit $420m

The company’s revenue reached $2.43bn

SEC H1 net profit $1.67bn

Revenue grew by 24% to $7.38 billion.

EU urges peace at Israel-Lebanon border amid escalation fears

"I think that the war can be prevented, has to be avoided and diplomacy can prevail," Borrell told reporters. (AFP)
  • Lebanon's Iran-backed Hezbollah and Israel have exchanged near-daily cross-border fire since Hamas's unprecedented October 7 attack
  • But a strike that killed Hamas's deputy leader in Hezbollah's south Beirut stronghold on Tuesday intensified fears of a wider conflagration

Beirut, Lebanon – The European Union foreign policy chief on Saturday warned against a regional conflict that would involve Lebanon, as border clashes intensified nearly three months into Israel’s war with Hizbollah ally Hamas.

“It is imperative to avoid regional escalation in the Middle East. It is absolutely necessary to avoid Lebanon being dragged into a regional conflict,” Josep Borrell said during a press conference in Beirut with Lebanon’s foreign minister.

“I am sending this message to Israel too: nobody will win from a regional conflict,” he added.

Lebanon’s Iran-backed Hizbollah and Israel have exchanged near-daily cross-border fire since Hamas’s unprecedented October 7 attack on southern Israel, which triggered the war.

But a strike that killed Hamas’s deputy leader in Hizbollah’s south Beirut stronghold on Tuesday intensified fears of a wider conflagration. The Lebanese group on Saturday said it retaliated by launching dozens of rockets at a northern Israeli base.

“I think that the war can be prevented, has to be avoided and diplomacy can prevail,” Borrell told reporters.

Earlier on Saturday, Borrell met Lebanese Prime Minister Najib Mikati, United Nations peacekeeping force (UNIFIL) commander Aroldo Lazaro and speaker of parliament Nabih Berri.

His visit is part of a diplomatic push to avoid further regional escalation, especially on the Lebanon-Israel border, and call for a solution to the Gaza war.

“Diplomatic channels have to be open to signal that the war is not the only option but it is the worst option,” he said.