Emirati bank FAB is in advanced negotiations to acquire Turkey’s Yapi Kredi, a major player in the Turkish banking sector. The potential merger would create a significant presence for FAB in Turkey and strengthen its position in the region. This strategic move could lead to increased market share and growth opportunities for both banks.
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Huthis vow ‘escalation’ after US strikes on Yemen kill 31
Yemen's Iran-backed Huthis vowed to retaliate after deadly US air strikes, causing at least 31 deaths and 101 injuries, mostly women and children, in various areas. US President Trump threatened further strikes if Huthis continue attacks on shipping vessels, prompting Huthis to warn of a response. The Huthis, part of the pro-Iran "axis of resistance", have conducted numerous attacks on ships, leading to US strikes and condemnation from Iran and Hamas, with calls for political...
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