Editor Brian Harrod Provides Comprehensive up-to-date news coverage, with aggregated news from sources all over the world from the Roundup Newswires Network
Oil's more than 50 percent plunge over the past two years is forcing countries such as the United Arab Emirates, Qatar and Saudi Arabia to cut state spending, tap reserves and combine some of their largest banks to reduce costs and duplication. International Bank of Qatar QSC said this week they are in talks to create the country's largest sharia-compliant bank and the third-largest such lender in the Middle East, with assets worth more than 160 billion riyals . Talks are at an early stage, according to the banks, which didn't give details on the structure of the possible deal.
Boeing Co. is negotiating a deal to sell 100 airplanes to Iran, state-run media reported Sunday, a sale potentially worth billions that would mark the first major entry of an American company into the Islamic Republic after last year's nuclear deal.
Donald Trump is casting Hillary Clinton as an enemy of the LGBT community and women, using her family foundation's acceptance of contributions from Middle Eastern countries with widely-reported human rights abuses to hit his 2016 presidential rival on the campaign trail. In the wake of the Orlando massacre of 49 people, Trump cited Clinton Foundation's acceptance of up to $25 million in contributions from Saudi Arabia's government as a sign she is not dedicated to the cause of LGBT Americans.
In this March 7, 2016 file photo, Joe Biden, the U.S. Vice President talks to the U.S. military personnel at an Air Base in United Arab Emirates. Biden is set to deliver the commencement speech at the graduation ceremony for the U.S. Military Academy's class of 2016.