INSEAD Day 4 - 728x90

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

Burjeel profit nearly doubles

Healthcare demand drives stronger earnings.

Salik profit slips in H1

The company said traffic recovery supported resilience.

No Middle East escalation, urges EU foreign policy chief after US strikes

The EU foreign policy chief said that the Middle East "is a boiler that can explode". (AFP)
  • US President Joe Biden vowing more attacks in retaliation for a deadly drone attack on an American base in Jordan.
  • The EU is aiming to launch a naval mission in the Red Sea later this month to help protect international vessels from attacks.

BRUSSELS, BELGIUM – European Union foreign policy chief Josep Borrell on Saturday called on all parties to avoid further escalation in the Middle East after US strikes on Iran-linked groups in Syria and Iraq.

“Everybody should try to avoid that the situation becomes explosive,” Borrell said at a meeting on EU foreign ministers in Brussels.

The United States launched air strikes against Iranian forces and allied militias in Iraq and Syria on Friday, with President Joe Biden vowing more to come in retaliation for a deadly drone attack on an American base in Jordan.

Borrell did not address the US strikes directly, but repeated a warning that the Middle East “is a boiler that can explode”.

He pointed to the war in Gaza, violence along the Lebanese border, bombings in Iraq and Syria and attacks on shipping in the Red Sea.

“That’s why we call everybody to try to avoid an escalation,” Borrell said.

The EU is aiming to launch a naval mission in the Red Sea later this month to help protect international vessels from attacks by Yemen’s Houthis.

Borrell said the mission would be “defensive” and not conduct any attacks on land against the Yemeni rebels.