UAE Fends Off Iran Attack as Conflict Escalates | Horizons Middle East & Africa 9/1/2026
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The UAE says it fended off an Iranian attack as regional tensions escalate. A UAE adviser warns the current “neither war nor peace” situation is unsustainable, while US strikes hit an island in Hormuz. Oil rises as crude exports continue through the Strait despite missile threats to tankers. Shein debuts in Hong Kong after its $1.7 billion IPO, with shares priced at HK$48.56 and a $26 billion valuation. Tariffs, Temu competition and a sharp fall in private-market valuation weigh on the company. Global bonds sell off, with yields hitting their highest since 2008. Australia’s 10-year yield reaches its highest since 2011, Japan’s hits 3% for the first time since 1996, and Bessent calls for Japanese rate hikes. Katayama says US-Japan yen cooperation continues, while US 30-year bonds post their worst stretch since 2006. Nvidia plans a $3.5 billion investment in MediaTek, with Jensen Huang calling the partnership crucial to accelerating AI development. Trump dismisses the renewed Iran clashe
Tags: Abeer Abu Omar, Africa, Alex Dooler, Bloomberg, Bloomberg News, Bloomberg TV, Bloomberg Television, China, Donald Trump, Economy, Ed Ludlow, Iran, Israel, Japan, Lionel Messi, Mahjabeen Zaman, MediaTek Inc., Middle East, Mideast, NVIDIA Corp.
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