INSEAD Day 4 - 728x90

Samsung biggest chip investor

The tech giant invested nearly $59.2bn in 2025.

flynas to set up new hub

Five destinations in first phase of operations.

AD Ports Group acquires CLI

CLI is Brazilian agri-bulk terminal operator.

$1.59bn Makkah project awarded

A consortium will develop two districts in the Holy City.

2PointZero posts profit surge

Growth driven by merger consolidation.

G7 says diplomatic solution is still possible in Middle East

Iran Israel
Iran's missile attack against Israel has further increased tensions in the region. (AFP)
  • Italian Prime Minister Giorgia Meloni called a telephone meeting of the body Wednesday to address the escalating Mideast crisis.
  • "In a constantly evolving scenario, it was agreed to work together to promote a reduction of tensions at the regional level," said the statement released by the Italian government.

Rome, Italy — The G7 on Wednesday vowed to work together to reduce tensions in the Middle East and said a diplomatic solution to prevent widening conflict “is still possible”.

Italian Prime Minister Giorgia Meloni — whose country holds the G7 presidency this year — called a telephone meeting of the body Wednesday to address the escalating Mideast crisis following Tuesday’s direct attack on Israel by Iran.

“In a constantly evolving scenario, it was agreed to work together to promote a reduction of tensions at the regional level,” said the statement released by the Italian government.

“In expressing strong concern for the escalation of these last hours, it was reiterated that a conflict on a regional scale is in no one’s interest and that a diplomatic solution is still possible,” said the statement, which reiterated the G7’s “firm condemnation” for Iran’s attack against Israel.