INSEAD Day 4 - 728x90

Sanad posts record revenue

Growth driven by global demand for services.

Bank of Sharjah profit up 39%

Bank's total assets grow 10% to $14.4 billion.

DIB H1 net profit $1bn

Gross revenue increased 10% year on year

SIB H1 profit up 15.3%

Total operating income rises 20.5 percent.

flydubai Aleppo flights resumed

The flights were resumed after nearly 14 years.

US to bolster presence in Gulf after Iran threat, says White House

Iran resumes oil exports.
  • US National Security Council spokesman John Kirby said Iran has "harassed, attacked or interfered" with 15 internationally flagged merchant vessels over the past 15 years.
  • "The United States will not allow foreign or regional powers to jeopardize freedom of navigation through the Middle East waterways including the Strait of Hormuz, he said.

WASHINGTON, US –  The United States said Friday it was sending reinforcements to the Gulf after what it called increasing harassment by Iran of ships in the oil-rich waters.

“The Department of Defense will be making a series of moves to bolster our defensive posture” in the Gulf, National Security Council spokesman John Kirby told reporters, saying there would be “details on those reinforcements in coming  days.”

Kirby said that Iran, which has tense relations with the United States – although it has recently been repairing ties with Arab neighbors – has “harassed, attacked or interfered” with 15 internationally flagged merchant vessels over the past 15 years.

“We’ve seen repeated Iranian threats, arm seizures and attacks against commercial shippers who are exercising their navigational rights and freedoms in international waters and strategic waterways of the region,” Kirby said.

“The United States will not allow foreign or regional powers to jeopardize freedom of navigation through the Middle East waterways including the Strait of Hormuz,” he said, referring to the narrow chokepoint into the Gulf.