Lebanon’s dollar-denominated sovereign bonds rose on Monday on hopes the government might secure a cash injection from the United Arab Emirates.
The UAE government has approved a new law that is aimed at improving people’s quality of life. The law, known as the National Strategy for Wellbeing 2031, seeks to make the UAE a world leader in quality of life by implementing a series of strategic objectives and initiatives.
Iran’s elite Revolutionary Guards (IRGC) are “highly likely” to have facilitated attacks last Sunday on four tankers including two Saudi ships off Fujairah in the United Arab Emirates, according to a Norwegian insurers’ report seen by Reuters. The UAE, Saudi Arabia, and Norway are investigating the attacks, which also hit a UAE and a Norwegian-flagged vessel.