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Abu Dhabi and Jerusalem CNN —If his first term in the White House is any indication, President-elect Donald Trump is likely to keep the Middle East high on his agenda. But the Middle East has changed significantly since he left office in 2021, and all regional actors are keenly watching how the new president will navigate these shifts. Here’s how Trump’s election could affect key players in the Middle East:Israel and the PalestiniansEnding the wars in Gaza and Lebanon and integrating Israel in the Middle East are likely to be at the top of the president-elect’s Middle East agenda, analysts said. “When the war will be over, you’ll need a real restart in the Middle East,” and Trump will be the best person to bring about a “new Middle East,” Bismuth added. Nadav Shtrauchler, a political strategist who has worked closely with Netanyahu, said Trump’s election sends a message to Israel’s enemies in Iran.
Persons: Jerusalem CNN —, Donald Trump, Trump, Benjamin Netanyahu, Saudi Arabia’s King Salman bin Abdulaziz Al Saud, Prince Mohammed bin Salman, Fatemeh Mohajerani, “ Netanyahu, , Mustafa Barghouti, Alon Pinkas, , ” Pinkas, Joe Biden’s, Pinkas, ” Trump, Evan Vucci, Netanyahu, haven’t, Biden, Boaz, Trump’s, Nadav, Yoav Gallant, Harris, ” Shtrauchler, Qasem Soleimani, Ali Vaez, Ayatollah Ali Khamenei, Atta Kenare, – Israel, , ” Vaez, , “ Trump, Vaez, Jamal Khashoggi, Hasan Alhasan, Saudi Arabia's Crown Prince Mohammed bin Salman, Mandel Ngan, ” Alhasan, “ They’re, CNN’s Dana Karni, Irene Nasser, Eyad Kourdi Organizations: Jerusalem CNN, Jewish, White House, America, Saudi, United Arab, Trump, Palestinian National Initiative, CNN, West Bank, Palm Beach Convention, Israel, Likud, Abraham Accords, Islamic, Iran Project, Crisis, Biden, Getty, US, Washington Post, Middle, International Institute for Strategic Studies, Saudi Arabia's Crown, White, Shanghai Cooperation Organization, SCO, , Hamas Locations: Abu Dhabi, Jerusalem, Saudi, Iran, Israel, America, United Arab Emirates, UAE, East, Gaza, Lebanon, Israeli, Palm Beach, Florida, Syria, Tehran, Republic, United States, AFP, Saudi Arabia, Arab, Riyadh, Bahrain, Yemen, China, Washington, Beijing, decouple, Qatar
Abu Dhabi, UAE CNN —Growing unease over the United States’ inability to de-escalate tensions in the Middle East is prompting some of Washington’s closest Arab allies to significantly increase engagement with its primary regional adversary: Iran. Arab nations that had spent decades brawling with Iran for regional influence are now opting to engage with it again. Despite seeing an opportunity to weaken Iran’s regional influence, Arab nations are now signaling neutrality. “The Gulf (Arab) monarchies’ priority is not to be directly involved in a proper regional conflagration. Still, regional states rely heavily on their military relationship with the US.
Persons: State Anthony Blinken, Yahya Sinwar, Israel, Blinken’s, Hassan Nasrallah, Ismail Haniyeh, Prince Mohamed bin Salman, Ayatollah Ali Khamenei, Hitler, , Abbas Araghchi, Jordan’s King Abdullah II, Abdel Fattah Al, ” Araghchi, Crown Prince Sabah, Cinzia Bianco, ” Kuwaiti Crown Prince Sheikh, ” Kuwaiti Crown Prince Sheikh Sabah Khaled Al, Hamad Al, ” Hasan Alhasan, Biden, Benjamin Netanyahu, , ” Anwar Gargash, Joe Biden’s, Abu, ” Bianco, Jake Sullivan Organizations: UAE CNN, State, Saudi Arabia’s, Iranian, Saudi, Bahraini, Crown, CNN, European Council, Foreign Relations, ” Kuwaiti Crown, Kuwait News Agency, Reuters, Middle, International Institute for Strategic Studies, Israeli, United Arab Emirates, US, US National, Atlantic Festival Locations: Abu Dhabi, UAE, United States, Washington’s, Iran, Republic, Israel, Gaza, Lebanon, Tehran, Riyadh, Tehran’s, Amman, Egypt, Abdel Fattah Al Sisi, Cairo, Doha, Muscat, Manama, Crown Prince, Crown Prince Sabah Al, Sabah, Kuwait City, Islamic Republic, ” Kuwaiti Crown Prince Sheikh Sabah, Bahrain, Saudi Arabia, Saudi, Washington, Yemen, China, Washington ,
At least 30 Palestinians were killed in an Israeli airstrike on a school housing displaced people in Gaza on Saturday, Palestinian health officials said, an attack that Israel said targeted militants who were using the compound. Israel's military said it had targeted militants operating there and that it had taken steps to reduce the risk to civilians. The people sheltering in Khadija school are all wounded people, they are innocent and this should not happen to them," she said. Israel says Hamas uses Gaza's civilians as human shields by operating within densely populated areas, humanitarian zones, schools and hospitals, which Hamas denies. "Hamas terrorists used the (school) compound as a hiding place to direct and plan numerous attacks against IDF troops and the State of Israel.
Persons: Israel, Um Hasan Ali, Ibtihal Ahmed Organizations: Hamas, Aqsa, Reuters Locations: Israel, Nuseirat, Gaza, Deir Al, Al, Egypt
Blaming Israel — which has neither confirmed nor denied responsibility — Iran vowed retaliation. Jordan on Saturday declared its airspace closed, in a possible precautionary move given the likelihood of its territory being overflown by any missiles exchanged by Iran and Israel. On Friday, Biden warned Iran against attacking Israel but said such a scenario could be imminent. On Tuesday, the Revolutionary Guards' naval head, Alireza Tangsiri, said the force could close the Strait of Hormuz, which lies between Iran and the United Arab Emirates, if necessary. The United States and Britain have carried out strikes against Houthi targets in response to the attacks on shipping.
Persons: Israel —, Zodiac, Eyal Ofer, Israel Katz, Joe Biden, Biden, Lloyd Austin, Yoav Gallant, Gallant, Alireza Tangsiri, Abraham, Hasan Alhasan Organizations: Iran's Revolutionary Guards, Hamas, Jordan, Saturday, Guards, Aries, MSC, Gortal Shipping, Zodiac Maritime, House, Iran, U.S . Defense, Pentagon, State, Revolutionary Guards, United Arab, Israel, International Institute for Strategic Studies, MSC Aries, Maritime Information Center Locations: Iranian, Syria's, Damascus, Strait, Hormuz, Israel, Gaza, Lebanon, Syria, Yemen, Iraq, Tehran, Iran, Iran's, State, United States, United Arab Emirates, UAE, Britain
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIsraeli attack on Iranian consulate a 'significant change' in the rules of engagement: AnalystHasan Alhasan of the International Institute for Strategic Studies discusses the Israeli strike on the Iranian consulate building in Syria and what Israel's wider motives might be.
Persons: Hasan Alhasan Organizations: International Institute for Strategic Studies Locations: Syria
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLong-standing Arab efforts to end Israel-Hamas war aren't going very far, analyst saysHasan Alhasan, senior fellow for Middle East policy at the International Institute for Strategic Studies, says Israeli Prime Minister Benjamin Netanyahu stated "very clearly that he is not interested."
Persons: Hasan Alhasan, Benjamin Netanyahu Organizations: Middle, International Institute for Strategic Studies Locations: Israel
Pakistan coach rues lack of swing in India
  + stars: | 2023-10-30 | by ( ) www.reuters.com   time to read: +2 min
KOLKATA, India, Oct 30 (Reuters) - Lack of swing in India has taken much sting out of the Pakistan pace attack in the 50-overs World Cup, head coach Grant Bradburn said ahead of Tuesday's clash against Bangladesh. "We have a great resource of fast bowling talent in Pakistan," Bradburn told reporters on Monday. "We do rely on swing, but we haven't experienced too much swing here. Pakistan's batting has not been consistent either and Bradburn said one of the top four batters must bat deep if they were to put up big totals in their remaining matches. Pakistan must win their remaining three group matches and hope other results go their way to make the last four, a situation Bradburn called far from ideal.
Persons: Grant Bradburn, Pakistan's, Shaheen Afridi, Bradburn, speedster Naseem Shah, Hasan Ali, Haris Rauf, We've, haven't, we're, Amlan Chakraborty, Pritha Sarkar Organizations: Bangladesh, Shaheen, Zealander, Thomson Locations: KOLKATA, India, Pakistan, New Delhi
Top order fire Afghanistan to famous win against Pakistan
  + stars: | 2023-10-23 | by ( ) www.reuters.com   time to read: +3 min
It was Afghanistan's first ODI victory against Pakistan in eight attempts and the outcome leaves defending champions England at the bottom of the points table. "This win tastes nice," a beaming Shahidi said after their second victory in five matches. Teenage spinner Noor Ahmad (3-49) dismissed Abdullah Shafique (58) and Mohammad Rizwan (eight) in his successive overs in his memorable World Cup debut. Shaheen Afridi returned to break the burgeoning stand, dismissing Gurbaz, but Zadran and Rahmat Shah, who made 77 not out, continued the good work. Hasan Ali ended Zadran's gallant knock but Shah and Shahidi milked the Pakistan attack with consummate ease during their unbroken 96-run stand to seal a memorable victory over their neighbours.
Persons: Afghanistan's Ibrahim Zadran, Samuel Rajkumar, Hashmatullah Shahidi, Babar Azam, Abdullah Shafique, Shahidi, Babar, Haq, Noor Ahmad, Mohammad Rizwan, Noor, Iftikhar Ahmed, Shadab Khan, Iftikhar clobbered, Shadab, Rahmanullah Gurbaz, Ibrahim Zadran, Shaheen Afridi, Gurbaz, Rahmat Shah, Hasan Ali, Amlan Chakraborty, Ken Ferris Organizations: Cricket, ICC Cricket, Chidambaram, REUTERS, Rights, Pakistan, England, Thomson Locations: Pakistan, Afghanistan, Chennai, India, Rights CHENNAI, New Delhi
An Israeli tank moves along the border with Gaza on October 18. No one knows,” Zak told CNN at a military camp not far from the Gaza border. Their unit is part of a massive buildup of Israeli troops and military material on the Gaza border. On top of its regular force, the IDF has also called up 300,000 reservists who reported to their bases within hours. The IDF could launch a full-scale invasion or conduct more precise incursions aimed at recovering hostages and targeting Hamas operatives.
Persons: Gil Cohen Magen, Tal, Zak, , ” Zak, Yoav Gallant, , Harel Chorev, Hasan Alhasan, ” Alhasan Organizations: Getty, CNN, Israel Defense Forces, IDF, Israeli, Tel Aviv University, Middle East, International Institute for Strategic Studies, West Bank Locations: Gaza, AFP, Israel, Egypt, Jordan
What is Israel's post-invasion plan for Gaza?
  + stars: | 2023-10-21 | by ( Ivana Kottasová | ) edition.cnn.com   time to read: +13 min
No one knows,” Zak told CNN at a military camp not far from the Gaza border. Their unit is part of a massive buildup of Israeli troops and military material on the Gaza border. But a spokesman for the IDF told CNN on Saturday that while they try to avoid civilian casualties, they are inevitable in urban warfare. Rabbi Yitzhak, a military rabbi, has been traveling around the Gaza border, visiting troops and offering his encouragement. He and the other young men he served with have been reunited near the Gaza border, training for what’s to come next – whatever that may be.
Persons: Gaza CNN — Tal, Zak, , ” Zak, Yoav Gallant, , Harel Chorev, ” Chorev, Ronaldo Schemidt, Hasan Alhasan, ” Alhasan, Peter Lerner, CNN’s Lynda Kinkade, Violeta Santos Moura, Tal, Rabbi Yitzhak, Israel, ” Tal, Ivana Kottasova, Fatah, Avi Dichter, Shin Bet, ” Dichter, ’ ”, Alhasan, overreaction, Chorev, we’ve Organizations: Gaza CNN, CNN, Israel Defense Forces, IDF, Israeli Defense, Tel Aviv University, Gaza City Metro, Middle East, International Institute for Strategic Studies, Humanitarian, Humanitarian Affairs, West Bank, Hamas, Reuters, Palestinian Authority, European Union, Israel, Israeli Security, Palestinian Locations: Gaza, Israel, Gaza City, Israeli, Kibbutz Beeri, AFP, Egypt, Jordan, Israel's, United States, Europe
Jordan and Egypt have said they won't take in Palestinian refugees from Gaza. AdvertisementAdvertisement"There will be no refugees in Jordan and no refugees in Egypt," said Jordanian King Abdullah II this week, declaring it a "red line" that would not be crossed. It is also the country that hosts the largest number of Palestinian refugees, according to Amnesty International. Not being seen as complicit in Palestinian displacement"Palestinians themselves, of course, are very wary about fleeing to Egypt, because 70% of the population of Gaza are refugees," said Doyle. Many of the Palestinians who live in Jordan, Egypt, and elsewhere in the region first arrived there after being displaced in 1948, or following the Six-Day War in 1967.
Persons: Jordan, , Israel's retaliations, King Abdullah II, Foreign Affairs Sameh Shoukry, Hasan Al Momani, Al Momani, Chris Doyle, Doyle, there's, Lex Takkenberg, Mustafa Bakri, Abdel Fattah el, Sisi, Takkenberg Organizations: East, Service, Hamas, Israel Defense Forces, Egypt's, Foreign Affairs, University of Jordan, West Bank, United Nations, Refugees, Amnesty, Council, Arab, UN, Democracy and, Saudi, Al, Al Arabiya TV, of America News, ISIS Locations: Egypt, Gaza, Israel, Jordan, Gaza City, Rafah, British, United States, Sinai, Al Arabiya, Sisi, Cairo
Quite a few of the hospitals have seen a sudden influx of patients booked in for check-ups involving a night's stay to coincide with the most anticipated match of the World Cup. The Ahmedabad Hospitals and Nursing Homes Association has discouraged its members from accommodating such fans. India and Pakistan head into the showdown having both won their opening two matches at the tournament. The city has been declared a 'no-drone zone' on Saturday, and 11,000 security personnel will be deployed for the high-profile match, Ahmedabad police commissioner GS Malik said. On their first tour of India since the 2016 T20 World Cup, Pakistan were accorded a warm welcome in Hyderabad, where they played their first two matches.
Persons: Sardar Vallabhbhai Patel, Pakistan's Shaheen Shah Afridi, Amit Dave, Tushar Patel, Bharat Gadhavi, Hemish Patel, Patel, Airfare, Narendra Modi, Donald Trump, Anthony Albanese, GS Malik, Shaheen Afridi, Jasprit, Liyakat Khan, Samiya, Hasan Ali, Khan, Amlan Chakraborty, Ken Ferris Organizations: Cricket, ICC Cricket, Pakistan cricket team, India, India REUTERS, Ahmedabad Medical Association, Reuters, Nursing Homes Association, THREE, Control, BCCI, Australia, Pakistan, Asia, Indian Express, Thomson Locations: Ahmedabad, India, DELHI, AHMEDABAD, Pakistan, Indian, Mumbai, Hyderabad, Sri Lanka, New Delhi
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAll bets are off if the U.S. gets involved in the Israel-Hamas conflict, research fellow saysResearch Fellow for Middle East Policy at the IISS, Hasan Alhasan, discusses how the international community could impact the Israel-Hamas conflict.
Persons: Hasan Alhasan Organizations: U.S ., Middle East Locations: U.S, Israel
Pace spearhead Naseem Shah injured his bowling shoulder against India and was ruled him of the World Cup disrupting his potent new-ball partnership with Shaheen Afridi. Although this is not the first time Pakistan would enter a World Cup looking slightly unsettled, they will have their work cut out in India. Thanks to a soured political relationship between the Asian neighbours, bilateral cricket remains suspended between India and Pakistan, who meet only in multi-team events. Pakistan last toured India for the T20 World Cup in 2016 and their players do not feature in the Indian Premier League either. Pakistan begin their campaign against the Netherlands on Oct. 6 and face India in a soldout Oct. 14 game in Ahmedabad.
Persons: Babar Azam, Pace, Naseem Shah, Shaheen Afridi, Hasan Ali, Afridi, Shadab Khan, Babar, Amlan Chakraborty, Ed Osmond Organizations: Asia, India, Indian Premier League, Thomson Locations: DELHI, India, Pakistan, Sri Lanka, Chennai, Netherlands, Ahmedabad, New Delhi
NINEVEH, Iraq, Sept 27 (Reuters) - More than 100 people were killed and 150 were injured in a fire at a wedding party in Hamdaniya district in Iraq's Nineveh province that left civil defence searching the charred skeleton of a building for survivors into the early hours of Wednesday. Nineveh Deputy Governor Hasan al-Allaq told Reuters that 113 people had been confirmed dead, with state media putting the death toll at at least 100, with 150 injured. The fire ripped through a large events hall in the north-eastern region after fireworks were lit during the celebration, local civil defence said, according to state media. Preliminary information indicated that the building was made of highly flammable construction materials, contributing to its rapid collapse, state media said. Ambulances and medical crews were dispatched to the site by federal Iraqi authorities and Iraq's semi-autonomous Kurdistan region, according to official statements.
Persons: Hasan al, Allaq, Timour Azhari, Enas, Sonali Paul, Jacqueline Wong Organizations: Reuters, Thomson Locations: NINEVEH, Iraq, Hamdaniya district, Iraq's Nineveh, Nineveh, Kurdistan, Baghdad, Cairo
Ad FeedbackThough she is an accountant by trade, Sarah Hasan Al-Sayegh calls herself the first Kuwaiti-Arab female storm chaser. “Storm chasing made me see the world more,” she says. Al-Sayegh recalls that on May 31, 2016, she and fellow storm chaser Mike Olbinski came across a huge storm structure near Lamesa, Texas. She now hopes to expand her meteorological knowledge and raise awareness around climate change. “I just hope to be able to put that message to everybody through my photography and through my storm chasing,” Al-Sayegh says.
Persons: Sarah Hasan Al, Sayegh, , , sandstorms, Storm Daniel, Mike Olbinski, “ Don’t, ” Al Organizations: CNN, UN, United Arab, Kuwait City Locations: Kuwaiti, Kuwait, East, North Africa, Iran, Iraq, Syria, Dubai, Libya, Saudi Arabia, United Arab Emirates, Qatar, Al, Lamesa , Texas, Gulf
Editor’s Note: A version of this story appears in CNN’s Meanwhile in the Middle East newsletter, a three-times-a-week look inside the region’s biggest stories. The drill is the latest in a flurry of Chinese activity in the Middle East, traditionally seen as the US’ backyard. According to the Wall Street Journal, the US wants Saudi Arabia to distance itself economically and militarily from Beijing in return. Four of the top 10 importers of US arms are Gulf Arab states: Saudi Arabia, Qatar, Kuwait and the UAE. Some of these purchases were driven by US restrictions on selling arms to Gulf states under the Biden administration, according to Alhasan.
Persons: ” Hasan Alhasan, , Barack Obama’s, , Mohammed Baharoon, John Calabrese, , ” Calabrese, CNN’s Becky Anderson, Reema bint Bandar Al Saud, Washington, Biden, Alhasan, China’s, Xi Jinping, ” Yun Sun, ” Alhasan, ” Baharoon Organizations: UAE CNN, United Arab Emirates, American, Washington, UAE, Middle East, International Institute for Strategic Studies, CNN, Asia Experts, East ., US, Dubai Public Policy Research Center, Middle East Institute, Wall Street Journal, China Program, China, Stimson Center Locations: Abu Dhabi, UAE, United States, China, China’s, Xinjiang, Ukraine, Gulf, Asia, Saudi Arabia, Iran, Yemen, Washington, Dubai, Russia, Saudi, Riyadh, Israel, Beijing, Europe, Arab, Qatar, Kuwait, Sun,
In “The Rebel’s Silhouette,” for example, an untitled Urdu poem by Faiz Ahmed Faiz on Page 50 is placed opposite its translation, by the Kashmiri American poet Agha Shahid Ali, on Page 51. Even if you don’t read Urdu, the original is sharply outlined: four lines in two couplets, taking up barely a third of the page. One great charm of a bilingual edition is that you don’t have to give up one for the other, as you would with a translation. You can have both at the same time, and treat language as a Jenga tower, moving its pieces but preserving its structure. Look at the beginning of another untitled poem and you can hear the music of “Passará/tem passado/passa com a sua fina faca” — the time-traveling verb, the echoing sibilants, the alliteration.
CNN —Turkish President Recep Tayyip Erdogan claimed on Sunday that the country’s intelligence forces had killed the leader of ISIS in Syria as he vowed to continue the country’s fight against terrorism. In a broadcast, Erdogan said Turkey’s National Intelligence Organization had been tracking a man known as Abu al-Hussein al-Husseini Al-Qurshi “for a long time.”“This person was neutralized in the operation carried out by MIT (Turkish National Intelligence Organization) yesterday in Syria,” he said. Little was known about Al-Qurshi, but at the time of his appointment, ISIS described him as an “old fighter.”Erdogan’s announcement came after a recent absence from the public eye due to illness. Turkish President Tayyip Erdogan addresses his supporters during an election rally in Ankara, Turkey on April 30, 2023. Cagla Gurdogan/ReutersMedia reports had speculated that his health was deteriorating just two weeks before a crucial election.
CNN —The US killed two ISIS officials in a helicopter raid early Sunday morning in eastern Syria, US Central Command said in a statement. One of the officials killed was “Anas,” a regional ISIS leader who was involved in planning operations in eastern Syria. “The death of these ISIS officials will disrupt the terrorist organization’s ability to further plot and carry out destabilizing attacks in the Middle East,” said Central Command spokesman Col. Joe Buccino. Two weeks ago, the US welcomed news of the death of ISIS leader Abu al-Hasan al-Hashimi al- Qurayshi. He was not killed in a US operation, unlike the previous leader, Hajji Abdullah, who was killed in a US raid in February.
U.S. forces taking part in exercises with local forces in Syria in September. Islamic State said Wednesday that its top leader died recently in fighting, less than a year after the terrorist group’s previous commander was killed during a U.S. military raid in Syria. The group’s spokesman said that leader Abu al-Hasan al-Hashimi al-Qurayshi is dead but gave no other details, according to an audio statement transcribed by SITE Intelligence Group, which monitors extremist organizations. The successor to the leadership role is Abu al-Husayn al-Husayni al-Qurayshi. Both names are noms de guerre.
CNN —ISIS acknowledged the death of its leader Abu al-Hasan al-Hashmi al-Qurayshi on Wednesday and confirmed his successor. US Central Command confirmed his death on Wednesday, saying the ISIS leader was killed in mid-October by the Free Syrian Army. The deceased leader was appointed by ISIS after US President Joe Biden announced the death of Abu Ibrahim al-Hashimi al-Qurayshi in a military operation in the northwest of Syria. Abu al-Hasan’s predecessor, Abu Ibrahim al-Hashimi al-Qurayshi, died in February during a US counterterrorism raid in northwest Syria. The raid was the biggest US raid in the country since the 2019 operation that killed ISIS leader Abu Bakr al-Baghdadi and came amid a resurgence of the group in Syria and Iraq.
Qatar and Ecuador stick with trusted lineups
  + stars: | 2022-11-20 | by ( ) www.reuters.com   time to read: +1 min
AL KHOR, Qatar, Nov 20 (Reuters) - Hosts Qatar's top scorer Almoez Ali and fellow striker Akram Afif lead the line against Ecuador in Sunday's World Cup opener as coach Felix Sanchez stuck with stalwarts from a settled squad that has had longer than most to bond and prepare. Experienced midfielder Hasan Al-Haydos, who can also play on the wing, took the captaincy for the World Cup debutants and 2019 Asian Cup winners at the 60,000-capacity Al Bayt stadium. Ecuador coach Gustavo Alfaro also named a predictable lineup, with Moises Caicedo anchoring the midfield and top scorer Enner Valencia leading the attack as captain. Ecuador: Hernan Galindez; Felix Torres; Piero Hincapie; Pervis Estupinan; Romario Ibarra; Michael Estrada; Enner Valencia; Angelo Preciado; Gonzalo Plata; Jhegson Mendez; Moises Caicedo. Reporting by Andrew Cawthorne, editing by Ed OsmondOur Standards: The Thomson Reuters Trust Principles.
DUBAI, Oct 27 (Reuters) - Bayanat, an Abu Dhabi-based provider of geographic data and analytics, said on Thursday it drew robust demand of 57.5 billion dirhams for its IPO. Bayant is offering 22.22% of its share capital at 1.1 dirham per share, valuing the stake at 628.6 million dirhams ($171.15 million). AI firm G42, which is backed by sovereign wealth fund Mubadala, will continue to own 77% of Bayanat. In the same year, Mubadala took an undisclosed stake in G42, which is chaired by the UAE's national security adviser. Dubai Islamic Bank was lead manager, First Abu Dhabi Bank was lead receiving bank and International Securities was the lead placement agent on the IPO.
Worker loads palm oil fresh fruit bunches to be transported from the collector site to CPO factories in Pekanbaru, Riau province, Indonesia, April 27, 2022. The momentum in shipments could help to bring Indonesia's palm oil stocks, which ballooned to 6.69 million tonnes by end-June from around 4 million tonnes at end-2021, back to 4.5 to 5 million tonnes by end-September, said Eddy Martono, Secretary General at the Indonesian Palm Oil Association (GAPKI). Malaysia has also displaced Indonesia so far in the 2021/22 marketing year to end-October as the top palm oil supplier to India, according to SEA data. "Indonesian sellers are now trying hard to regain the lost market share by offering discounts," a New Delhi-based palm oil dealer said. "Palm oil is big contributor in its tax kitty.
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