Confusion over the scope of the newly announced US-Iran ceasefire and Israel's military campaign in Lebanon continued to disrupt shipping through the Strait of Hormuz, with industry operators adopting a cautious wait-and-see approach.
US President Donald Trump has announced a 10-day ceasefire between Israel and Lebanon, which he said would begin at 5 pm EST (10 pm GMT).
US delegation led by Vice President JD Vance met directly with Iranian officials in Pakistan on Saturday — a significant moment for two countries that have typically held high-level talks through intermediaries, a CNN report said.
Blue Square, a leading real estate developer with a major presence in Lebanon, Egypt and Kuwait, has announced its foray into the UAE market with its inaugural project - Vayla Residences - on Dubai Islands, featuring a mix of one- and two-bedroom apartments alongside exclusive one- to three-bedroom duplexes.
QatarEnergy has signed an agreement with the Lebanese government, TotalEnergies, and Eni to enter into an exploration block offshore Lebanon. Under the terms of the agreements, QatarEnergy will acquire 30 per cent of Block 8, while TotalEnergies (the operator) and Eni will each hold 35 per cent.
