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...“For UK banks to continue doing business with them is not only a major risk but is inconsistent with stated policy towards the Iranian regime,” he said....
...The central bank said in late March that it had cleared all “valid” foreign exchange obligations....
...An independent review commissioned by the UN has said that Israel has not substantiated allegations it made that staffers working for the body’s agency for Palestinian refugees were members of terror groups...
...The World Bank did not immediately respond to a request for comment....
...The Palestinian Authority exercises limited self-rule in parts of the occupied West Bank. It ruled Gaza until 2007, when it was ousted by Hamas....
...of England fines former chief of Wyelands Bank for ‘multiple’ failings (FT) Citadel Securities bids for Credit Suisse’s China business (FT)...
...United States have surpassed expectations....
...They have powered entire empires, cross-fertilising the cultures of China, India and Arabia along the east coast of Africa since ancient times....
...The first tranche of investment, due in a week, will be a $15bn payment, including $5bn from a prior deposit by the United Arab Emirates in the Central Bank of Egypt....
...The head of the UN organisation for maritime issues has warned shipping companies to be on high alert for piracy off the African coast after ship seizures in recent months raised concerns that diversions...
...Sunak’s allies insist the prime minister is planning for “an autumn election” — that would allow time for a tax-cutting “mini” Budget and potentially for the central bank to start cutting interest rates....
...VC firms have raised more than $655mn for Africa’s tech industry since November....
...The new financial support for Egypt has included an $8bn IMF loan, $6bn from the World Bank over three years and more than $7bn from the EU until 2027....
...But the war has exacerbated deep economic and social pressures in the Arab state of 100mn people, leading donors and allies, including the IMF, the World Bank, the EU and the United Arab Emirates, to provide...
...Somali pirates on Tuesday seized a ship carrying coal to the United Arab Emirates, stepping up attacks while the focus of international naval forces has turned to Yemen’s Houthis....
...Gisha sued and a judge ruled that there were no reasonable grounds for the freeze. But the bank appealed to the Supreme Court, which set a hearing for August. Bank Leumi declined to comment....
...An intense storm has caused travel havoc across the United Arab Emirates, forcing the cancellation of flights at the world’s second-busiest aviation hub and leaving passengers stranded as flooding disrupted...
...The conflict has drawn in several other countries vying for influence in strategically placed Sudan, which borders the Red Sea and straddles the Middle East and Africa....
...Anglo American Platinum plans to cut 3,700 jobs in South Africa in a bid to reduce costs and turn around fortunes for one of the British mining group’s most troubled divisions....
...A spokesman for UN secretary-general António Guterres said reports of the mass graves at Nasser and al-Shifa were “extremely troubling”, and called for a “credible and independent” investigation....
...Here is a bullish case for South Africa. Yes, you read that right....
...Ratcliffe agreed to buy up to 29 per cent of Manchester United for roughly $1.6bn on Christmas Eve, ending a more than year-long sales process that saw Qatari Sheikh Jassim Bin Hamad al-Thani bid for the...
...A Bank of England interest rate cut might yet come through before polling day....
...For now, we’re looking through the big download of documents related to Sir Jim Ratcliffe’s investment in Manchester United, and we’ll ask if tennis is next in line for Saudi Arabia’s sporting binge....
...However, the arrival of former Bank of America dealmaker Diego De Giorgi as chief financial officer at the start of the year introduced a strong rival for the top job....
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