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UAE considers boosting Turkey foreign reserves with $5 billion currency deal

Turkey is reportedly seeking to increase the foreign currency reserves possessed by its central bank, in a currency swap agreement with the United Arab Emirates that could amount to at least $5 billion. According to the London-based news outlet Middle East Eye, which cited an anonymous senior Turkish official, Ankara …

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Iran drones target Saudi Arabia through Bahrain, says Israel diplomat

Iranian drones targeting Saudi Arabia fly over Bahraini airspace, the Israeli envoy to Manama said yesterday. Itay Tagner told the US’ Axios that Iran had opened a “front against us in Syria and Lebanon, but now when they look across the Gulf, they see us there with our allies very …

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UAE supplying Ethiopia with arms, news reports claim

Satellite images appear to show the UAE has opened an air bridge to provide the Ethiopian government military support in its fight against oppositionists in Tigray, Al Jazeera reported yesterday. More than 90 flights were found to have travelled between the Emirates and Ethiopia between September and November this year, …

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