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The Levant

Israel’s growing ties with former Arab foes

A number of recent reports have appeared to confirm one of the worst-kept secrets in the Middle East. In coordination with Egyptian authorities, Israel has for months been conducting clandestine airstrikes against jihadist groups operating in northern Sinai. The Israelis used unmarked drones, helicopters and jets to launch at least 100 strikes …

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Broccoli’s bid for world domination

Broccoli, an Italian restaurant born in the UAE, is trying to become the largest operator of restaurants in the country. Broccoli’s vice president, Khalid Odeh, says the company plans to achieve this through a combination of fresh ingredients, live cooking, and most crucially: affordability. Odeh says Broccoli’s prices are noticeably …

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US hits Hezbollah with new sanctions

Taking aim at Iran’s global footprint, the Trump administration on Friday hit six people and seven businesses linked to Hezbollah with terror sanctions, calling it “the first wave” in a pressure campaign that will escalate throughout the year. The sanctions aim to squeeze Hezbollah financier Adham Tabaja, who is already …

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Big banks accept Opec was right as they embrace oil near $80

Wall Street’s biggest banks have changed sides and are embracing a surge in oil prices. Goldman Sachs Group Inc, Morgan Stanley and JPMorgan Chase & Co. have all issued a flurry of bullish forecasts in the past fortnight. They’ve abandoned their scepticism and are accepting that Opec’s output cuts are …

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Al Jaber meets Japanese Premier

Sultan Bin Ahmad Sultan Al Jaber, Minister of State and Group CEO of the Abu Dhabi National Oil Company, Adnoc, has met with Shinzo Abe, Prime Minister of Japan, as well as senior government and corporate leaders, during a visit to Tokyo, as Adnoc seeks to expand strategic partnership and …

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Gandhi statue unveiled in Abu Dhabi

India Social and Cultural Centre (ISC) in Abu Dhabi installed a statue of Mahatma Gandhi, India’s Father of the Nation, on its premises on Thursday evening. The Indian Ambassador to the UAE, Navdeep Singh Suri, unveiled the statue in the presence of a large number of community members. The 0.9-metre …

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Two senior bankers jailed for embezzling Dh25m

Two senior managers at a multinational bank, who embezzled Dh25 million deposited by an investor in three corporate accounts, won their appeals and had their seven-year imprisonments reduced to five years. In May 2015, the Dubai Court of First Instance jailed the Lebanese woman manager and the American manager to …

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