Urgent.News

What's breaking now, across thousands of outlets.

Business

Arab parties challenge Netanyahu and Sharjah closes beaches over oil spill

In today’s episode of Trending Middle East , Israel’s Arab parties seek to remove Prime Minister Benjamin Netanyahu after an inconclusive election increased their representation in parliament. Neither major bloc has secured a majority. Oil prices decline as traders assess renewed diplomatic efforts aimed at averting further US military action against Iran, with Brent crude trading at about $114 a…

Arab parties challenge Netanyahu and Sharjah closes beaches over oil spill

In Israel, Arab parties are pushing for the removal of Prime Minister Benjamin Netanyahu following an election that left no single bloc with a majority. Across the Gulf, the UAE is calling for diplomatic dialogue to avert potential conflict with the US over Iran. The UAE and Qatar have reportedly agreed on a new draft agreement to end tensions, with Iran considering the proposal and expected to respond by the end of the week.

In the United Arab Emirates, Sharjah has taken drastic action to address an oil spill that has closed all beaches in the emirate. The closures in Sharjah follow similar measures taken in Ras Al Khaimah and Umm Al Quwain. Meanwhile, Dubai's financial watchdog has imposed a $585,825 fine on Moody’s Investors Service for improperly handling confidential information over a prolonged period.

Written by urgent.news from The National Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

Read the original at thenationalnews.com →

More in Business

Paper walls

Tariffs in the Western Balkans are low; the cost of everything else that happens at the border is not. When the World Bank published its spring Regular Economic Report on the Western Balkans in April…

More from Thursday 29 October →