The war in Syria is an “unmitigated disaster” and the best way forward may be an interim peace deal that allows Bashar al-Assad to stay in power for a short period, former U.K. Prime Minister Tony Blair said.
The U.S. is resuming some of the military aid to Egypt it halted last year, including delivery of 10 helicopters, after certifying that the country is abiding by its peace treaty with Israel and combating terrorism.
Oman’s plan to build a $1 billion natural-gas pipeline from Iran is the latest sign that Saudi Arabia is failing to bind its smaller Gulf neighbors into a tighter bloc united in hostility to the Islamic Republic.
Arabtec Holding Co., the United Arab Emirates’s biggest listed construction company, is in talks to buy a large European company and may tap the bond market to pay for the deal, Chief Executive Officer Hasan Ismaik said.
Dubai stocks rallied the most in almost three months and Abu Dhabi’s index advanced on optimism real estate projects in the United Arab Emirates and abroad will boost earnings. Qatari shares increased.
An Islamic cleric who preached at London’s Finsbury Park Mosque deployed followers for terrorist activities including a deadly hostage-taking and an attempt to set up training camp in Oregon, a prosecutor said.