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Crippling blow to Iran-led Shiite axis, the Palestinian cause
Iran has increased its direct and indirect presence in Iraq, Syria, and Lebanon while strengthening ties with Turkey and Qatar. This clearly indicates that Tehran is planning to form an international alliance to subvert the US and Sunni coalitions in the Middle East.
The looming threat of Iran’s Shiite axis has brought Israel and the Arab states closer.
Besides this, establishing close ties with Israel will also guarantee support from the United States.
Historically speaking, Israel had always maintained cordial ties with the UAE at many levels, including security and economy. However, these relations were never openly publicised.
US President-elect Joe Biden appears to be framing his foreign policy around three themes: re-engaging with America’s friends and allies, renewing US participation in international organisations and relying more heavily on nonmilitary instruments of power.
Considering the challenges posed by China and other countries, as well as transnational threats that range from pandemics to climate change, these are, in my view, the correct priorities. In each, it is necessary to reform, revitalise and restructure the American approach.
Our Nato allies, as well as Japan, South Korea and others, will welcome America’s reaffirmation of its security commitments and its switch to respectful dialogue. But the new administration ought to insist on our allies doing more on several fronts. President Trump’s pressure on them to spend more on defence was a continuation of a theme across multiple presidencies. That pressure must continue.
PetroTel Oman selects NBO as onshore bank for Musandam oil and gas projects
By: Times News Service
Muscat: National Bank of Oman (NBO) has been selected as the onshore bank for PetroTel Oman, which has just secured a $300 million financing from the US International Development Finance Corporation (DFC) for its oil and gas projects in Oman’s Musandam peninsula.
The selection highlights NBO’s ability to structure tailor-made financing solutions for large-scale and multinational corporations while continuing to support strategically important private sector organisations that are instrumental for the future growth of the economy.
Asif Redha, Head of Global Transaction Banking at NBO, said, “NBO is always ahead in the market by providing innovative technological solutions to international and local businesses. Our Corporate Internet Banking and B2B channels are at the forefront of helping institutions to leverage their cash flows and optimise their resources and have made us th
Dec. 18, 2020
Defense Minister Benny Gantz and IDF Chief of the General Staff Aviv Kochavi met on Friday with Mark Milley, chairman of the U.S. Joint Chiefs of Staff, who arrived in Israel after visiting Qatar and the United Arab Emirates. While in the country, Milley also met with Prime Minister Benjamin Netanyahu.
According to Gantz s office, they discussed regional shifts and the importance of continued pressure on Iran, and the defense minister said the two countries will continue cooperating to face any scenario in the Iranian arena.
He added, We ll work together to face our common threats and in order to safeguard stability in the Middle East, alongside our allies.