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US Treasuries fell as conflict in the Middle East sent oil prices soaring, stoking fear inflation will accelerate and forcing traders to scale back wagers on the likely scope of interest-rate cuts.Yields rose from the lowest levels in months as traders focused on the risk that the fighting reignites inflation — potentially dimming the chances of more Federal Reserve easing this year. President Donald Trump, who’s pushing for regime change in Iran, has said the bombing campaign that the US and Israel launched over the weekend could continue for weeks. Iran, meanwhile, countered with strikes across the region.Monday’s bond slump is on track to be the steepest since October. The two-year yield surged 10 basis points to 3.48%, while the 10-year rate rose 11 basis points to 4.04%. The yield on the long bond climbed less. In futures tied to the Fed’s path, traders now see roughly two quarter-point cuts by year-end, pushing a possible third reduction into 2027.The slide marks a reversal from last week, when 10-year yields touched the lowest since April as tension between the US and Iran mounted, and as angst around the disruptive threat from artificial-intelligence roiled stocks. The start of the week drove home how the threat of hot inflation risks dominating the fixed-income outlook, rather than a rush to the shelter of US government debt, as typically happens in times of crisis.“The risk reward for flight-to-quality buying isn’t there in fixed-income,” said Jan Nevruzi, a strategist at TD Securities. “In hindsight, rates markets might have been baking in some of the possibility of a geopolitical escalation.”The selloff in Treasuries deepened following a report showing US manufacturing expanded in February while input prices soared.European government bonds also fell on Monday and market gauges of inflation surged as the effective closure of the key Strait of Hormuz drove up oil by the most in four years.US short-dated inflation swap rates surged along with oil. The rate on the one-year contract linked to consumer prices rose 12 basis points to 2.62%, mirroring a similar move in euro-denominated swaps.More than geopolitical shocks, higher oil prices can “significantly” lift yields, a Deutsche Bank AG report last week showed. The strategists analyzed the largest geopolitical events of the last several decades, including Iraq’s invasion of Kuwait in 1990, the Sept. 11 attacks on the World Trade Center and Russia’s invasion of Ukraine.A Monday report from Societe Generale SA strategist Manish Kabra, meanwhile, found that five oil supply shocks over the past 50 years had on average weakened the 10-year Treasury note over the following one week, three-month and six-month timeframes.Investors must also weigh the potential impact on government bond supply, whether in relation to funding an extended military operation, or easing the inflationary burden on households and businesses.At Fidelity International, portfolio manager Mike Riddell increased a position that will profit if long-dated Treasuries, which are more sensitive to fiscal risk, sell off.“It’s been a trend for a while for governments around the world to subsidize energy and food prices,” he said. “This trend will only accelerate if the Middle East crisis persists or escalates, which makes long end sovereign bond yields vulnerable at current levels.”US government debt is coming off a strong February, which saw the 10-year yield sink back below 4% for the first time since November, while two-year yields fell to the lowest since August 2022.That move and the focus on inflation help explain the rise in yields on Monday, said John Taylor, head of European fixed income at AllianceBernstein, in a Bloomberg TV interview.Still, the haven properties of Treasuries may ultimately come back into play, he added.“The longer this goes on, and if oil prices stay higher for a longer period, people will start to think about the negative economic consequences of that — and that could push Treasury yields lower,” Taylor said.While money markets pared bets on the chances of three Fed rate cuts this year, they broadly held course for that degree of easing by the end of 2027.Some investors are already buying Treasuries as a safety buffer.Franklin Templeton’s Andrew Canobi, added to Treasury holdings, mostly via futures. The Melbourne-based money manager said that if the situation persists or even escalates, then “markets will price for a classic downside scenario.” 

Formula One is keeping a close eye on the situation in ‌the Middle East and any decision on races scheduled for Bahrain and Saudi ​Arabia next month will be guided ‌by safety, the sport and governing body FIA said.Australian Grand Prix chief executive ‌Travis Auld expected there ⁠to be no impact ‌on this weekend's season-opener at Melbourne's Albert ‌Park from travel issues caused by conflict in the Gulf region. US and Israeli bombing of Iran ⁠at the weekend was followed by retaliatory strikes on Gulf States with the result that all activity in one of the world's main aviation hubs has ceased.Formula One teams recently completed pre-season testing in the Gulf State of Bahrain and many personnel were scheduled to pass through Qatar or the United Arab Emirates on their journey to Australia for Sunday's race."No doubts the events of the weekend have thrown out the travel plans for the teams and F1 ​themselves," Auld said. "F1 are experts at moving people around the world and so they've quickly rescheduled flights. I'm told, everyone's now locked in and arriving within the required timeframes, and so there'll ‌be no impact on our race."The season-opener will be followed in March by races in China and ​Japan before the first of the Gulf races on the Formula One calendar in Bahrain and Saudi Arabia in April. Qatar and Abu Dhabi are the season-enders in November and December.Mohammed Ben Sulayem, the Emirati who heads the governing International Automobile Federation (FIA), said in a statement his thoughts were with all those affected. "We are in close contact with our member clubs, championship promoters, teams, and colleagues on the ground as we monitor developments carefully and responsibly," he added. "Safety and wellbeing will guide our decisions as we assess the forthcoming events scheduled there for the FIA World Endurance Championship and the FIA Formula One world championship."Formula One said separately ‌it was closely monitoring the situation. Auld ‌said that the nature of the ⁠Albert Park venue made it unlikely that Melbourne would be able to step in and stage another ⁠race if the conflict meant Bahrain or ⁠Saudi Arabia were unable to host their rounds."Obviously, we spent a lot of time constructing this circuit, and straight after the race, we pull it all back down again so the community can use it," he said. "They'll have other plans in place, as you would imagine, for a whole series of reasons."The Middle Eastern races are significant contributors to Formula One's revenues through hosting fees worth many ​tens of millions of dollars but Bahrain, Saudi Arabia, the UAE and Qatar also have deep ties to the sport. Bahrain's sovereign wealth fund owns McLaren Racing while Abu Dhabi controls the sportscar company. Qatar has a significant investment in F1 newcomers Audi.Saudi energy giant Aramco is a global partner of the sport and title sponsor of the Aston Martin team. Formula One ran races without spectators during the COVID-19 pandemic and also has a list of circuits that might be able to step in at short notice, should that be required.In 2022 the Saudi Arabian Grand Prix went ‌ahead despite rocket attacks ​by Yemen’s Iran-backed Houthis on an oil facility near the Jeddah street circuit. 

Prime Minister Keir Starmer said Saturday British warplanes were involved in "defensive operations" in Middle East skies but the UK had "played no role" in the US-Israeli attack on Iran.In his first public response to the strikes, which triggered missile launches from Tehran, Starmer said that Britain's operations were separate from the attack on Iran and "in line with international law"."The United Kingdom played no role in these strikes," he said in a short televised statement."As part of our commitments to the security of our allies in the Middle East we have a range of defensive capabilities in the region — which we've recently taken steps to strengthen," the UK leader added."Our forces are active and British planes are in the sky today as part of coordinated regional defensive operations to protect our people, our interests and our allies."Starmer spoke after holding an emergency meeting with senior UK ministers and officials and separate talks with European counterparts, in response to the evolving conflict in the Middle East.In his comments, he argued Iran "can end this now" and that Tehran "should refrain from further strikes, give up their weapons programmes, and cease the appalling violence and repression against the Iranian people"."That is the route to de-escalation and back to the negotiating table," Starmer said.Earlier, his government warned the military strikes against Iran could blow up into a broader regional conflict, while adding the UK's "immediate priority" was the safety of its citizens in the region.In a message on X, the Foreign Office urged its citizens in Bahrain, Kuwait, Qatar and United Arab Emirates to "immediately shelter in place" because of reported missile attacks on sites in those countries.The ministry also updated its travel advice to urge "against all travel to Israel and Palestine".Meanwhile British Airways was among the airlines to say it has cancelled flights to and from Tel Aviv and Bahrain for several days, and its Saturday flight to Amman, because of the US-Israel airstrikes and Iran's retaliation.Wizz Air, which also flies to the region from Britain, confirmed that it was suspending all flights to and from Israel, Dubai, Abu Dhabi and Amman "with immediate effect up until and including March 7"."Flights to and from Saudi Arabia will be cancelled up until and including March 2," it added, noting it was "closely monitoring developments". 

Airports across Asia-Pacific and the Middle East are steadily expanding digital engagement, but Stefano Baronci, director general of Airports Council International (ACI) Asia-Pacific & Middle East, said the real value of digital lies in supporting, not replacing, physical retail. In an exclusive interview with Gulf Times, Baronci discussed the findings of the ACI’s latest study titled ‘Travel Retail Study in the Post-Pandemic Era’, revealing a fundamental shift in airport retail dynamics. According to Baronci, airports across the region are steadily expanding digital engagement, primarily through pre-order and click-and-collect platforms, targeted digital promotions, and increasingly personalised offers linked to passenger profiles and flight data. He stated that these tools are being integrated along the passenger journey to reduce friction, support faster decision-making, and capture spend from time-constrained travellers. “That said, one of the more striking findings of the study is that digital remains an enabler rather than a primary revenue driver. Directly digital-driven transactions account for only around 2% of total sales, indicating that online channels alone are not yet generating material incremental revenue,” Baronci pointed out. He explained that their real value lies elsewhere: Digital tools are improving visibility of offers, reinforcing value perception, supporting pre-trip planning, and nudging conversion once passengers are in-terminal. Baronci continued, “In this sense, digital works best as an invisible layer underpinning physical retail rather than a standalone channel. Airports that view digital as a way to enhance relevance, convenience, and confidence in the purchase decision, rather than as a substitute for the store, are seeing the strongest outcomes.” Asked if airport retail is losing relevance amid passenger preference for online shopping, Baronci noted: “ACI Asia-Pacific & Middle East’s data does not support the notion that airport retail is losing relevance; rather, it shows that it is being assessed more critically and held to a higher standard.” He emphasised that more than half of the airports surveyed report commercial and retail revenues above 2019 levels, confirming that demand has not disappeared, even in a far more competitive environment. “What has changed is the context. Passengers today arrive informed, price-aware, and selective. Price arbitrage remains a powerful driver, particularly for duty-free categories such as perfumes, cosmetics, alcohol, and selected luxury goods, but only where the saving or exclusivity is clear and credible,” Baronci stressed. He also emphasised that the study highlights a structural opportunity unique to airports. Many passengers, especially those in their prime working years, have limited time or inclination to visit traditional retail environments in their daily lives, Baronci pointed out. “Airports capture attention precisely because they sit outside routine consumption patterns, offering a rare moment of dwell, mental availability, and openness to discretionary spending. “This is why airports are increasingly positioning themselves not merely as transit points, but as destinations in their own right, curating retail, food and beverage, and experiential offers accordingly,” he explained further. According to Baronci, airports are also responding to online competition by sharpening differentiation, including exclusive products not available in city malls, limited editions, travel-only formats, and a stronger emphasis on local and regionally rooted products with authentic narratives. He also said these elements are difficult to replicate online and reinforce the airport’s role as a place for discovery rather than convenience alone. Asked about new commercial models emerging to help airports improve retail performance, especially in the Middle East, Baronci said the study shows a gradual move away from rigid, one-size-fits-all concession frameworks toward more flexible and adaptive models. Another clear trend is greater risk-sharing and collaboration with retailers. He said, “The Middle East, like other aviation markets, is also seeing stronger integration between retail, food and beverage, and experience-led concepts, blurring traditional category boundaries.” Baronci added: “Lifestyle zones, premium lounges with retail elements, and curated destination-style clusters are being used to capture dwell time more effectively, particularly among high-value international and transfer passengers.” 

Malaysian budget carrier AirAsia X on ‌Wednesday unveiled plans ⁠to resume flights from ‌Kuala Lumpur to London via a ‌new hub in Bahrain, using the extended range of narrow-body jets to stitch fresh ⁠routes alongside established carriers.The service, due to start in June, would make Bahrain AirAsia X's first hub outside Asia, placing it within reach of busy markets in Southeast Asia, the Middle East and Europe.It also marks a return to the British capital more than a decade after the airline suspended non-stop flights from Kuala Lumpur and retired its Airbus A340 jets.Co-founder Tony Fernandes ​said Bahrain could become a regional gateway for underserved secondary cities across Asia, Africa and Europe."While ... of course London is a very emotional destination for many people in Southeast Asia, the ‌real aim is to have ⁠a bunch of A321s flying ​maybe 15 times a day to Bahrain," he told Reuters in ​an interview."From Bahrain, you connect to Africa and Europe with a big emphasis on creating connectivity that doesn't exist."The move follows Asia's largest low-cost carrier completing its acquisition of the short-haul aviation business from parent Capital A, bringing the group's seven airlines under one umbrella.Fernandes, also CEO of Capital A, stressed the importance of the Airbus A321XLR, an extra-long-range narrow-body aircraft he said would let the airline replicate its Asian low-cost model on intercontinental routes."That aircraft enables me to start thinking we can do what we did in Asia to ‌Europe and Africa," he said, ‌citing potential secondary routes such as ⁠Penang to Cologne or Prague.AirAsia plans to redeploy its larger A330s to longer ⁠routes while building up the Bahrain ⁠hub, with possible African destinations including the Maghreb region, Egypt, Morocco, Tanzania and Kenya. A Bangkok-to-Europe route is also under consideration.Fernandes played down direct competition with Gulf carriers, positioning AirAsia X as a budget option aimed at a different market."I'm all about stimulating a new market," he said. "We've got into our little ​playground (of) 3bn people, most of them have not been to Europe."Analysts say taking on Gulf carriers on overlapping routes may be difficult.Fernandes pointed to AirAsia's services to Kazakhstan and Uzbekistan as examples of drawing Southeast Asian travellers to new destinations. "When I look at my social media, you see all these Malaysians and Thais who are seeing snow for the first time."AirAsia X's Kuala Lumpur-Istanbul route, launched in November, has been a test case for the Bahrain strategy, and Fernandes said the airline aimed ‌to lift frequency ​from daily to twice daily soon. 

Qatar participated in the second meeting of the Ministerial Council of the Middle East Green Initiative, held in the city of Jeddah, Saudi Arabia, with the attendance of Their Excellencies the Ministers and representatives of the participating countries. Qatar was represented at the meeting by His Excellency the Minister of Environment and Climate Change Dr Abdullah bin Abdulaziz bin Turki al-Subaie. In the State of Qatar’s speech during the meeting, HE al-Subaie affirmed the strategic significance of the Middle East Green Initiative for the region, noting that it represents an important transformation that can turn environmental and climate challenges into real opportunities benefiting current and future generations. He also considered that the success of the initiative reflects the spirit of solidarity and co-operation among the countries of the region, and confirms the collective ability to actively contribute to shaping environmental and climate solutions, thereby supporting the achievement of a safer and more sustainable future.  

The Hamad Medical Corporation (HMC) has organised the 2025 Person-Centred Care (PCC) Middle East Forum. The event was attended by HE the Minister of Public Health Mansoor bin Ebrahim bin Saad al-Mahmoud and HE the HMC managing director Mohammed bin Khalifa al-Suwaidi, along with regional and international healthcare leaders, professionals, and innovators committed to advancing person-centred approaches to healthcare transformation. Delivered by the HMC in partnership with US-based Planetree International, the forum has established itself as the region’s premier platform for sharing best practices and innovations that place patients and families at the heart of care. This year’s theme, *Shaping the Future of Care: Innovations in Person-Centered Care, focused on how innovation, integration and inclusivity are reshaping healthcare delivery across systems and communities. The programme featured three key tracks: Person-Centred Digital Transformation, Collaborative Care; Building Partnerships for Better Outcomes, and Care Beyond Boundaries; and Systematic Personalisation Across Networks. Throughout the two-day event, speakers and delegates explored how emerging technologies, collaborative partnerships and co-designed models of care can enhance patient experience and clinical outcomes. The forum highlighted the HMC’s leadership in embedding person-centred care across its network – from pioneering digital tools such as the Lbaih mobile app, which enables patients to access and manage their healthcare information via their mobile devices, to establishing Qatar’s first AI Centre of Excellence driving the development of SMART hospital frameworks. Beyond technology, the HMC’s person-centred approach has established the Person-Centred Care Ambassadors Programme, empowering volunteers from diverse backgrounds, cultures and professions to enrich the hospital experience of patients and families through compassionate service and meaningful interaction. Another example is the HMC’s Patient and Family Advisory Council (PFAC), a collaborative group of patients, family members and caregivers who partner with HMC teams to shape programmes, services, and initiatives. Through the PFAC, the perspectives and lived experiences of patients directly influence care delivery, ensuring that services truly reflect their needs and expectations.

Qatar has reiterated that the success of the first phase of the agreement to end the war in the Gaza Strip is a collective responsibility to ensure its implementation, leading to a comprehensive cessation of hostilities and the achievement of peace and stability in the region, in full compliance with the principles of the Charter and international law.This came in a statement delivered by Qatar's Permanent Representative to the UN HE Sheikha Alya Ahmed bin Saif al-Thani, during the Quarterly Open Debate of the Security Council on the Middle East, including the Palestinian Question, held at the UN headquarters in New York.HE Sheikha Alya noted that the meeting follows the convening of the Sharm El-Sheikh Peace Summit on Oct 13, highlighting the participation of His Highness the Amir Sheikh Tamim bin Hamad al-Thani, in the signing ceremony of the agreement to end the war in Gaza, alongside US President Donald Trump, Egyptian President Abdel Fattah al-Sisi and Turkish President Recep Tayyip Erdogan.She added that over the past two years, Qatar has continued its mediation efforts in partnership with Egypt and the US, and despite challenges and obstacles, an agreement was reached to end the bloodshed and humanitarian suffering in Gaza.HE Sheikha Alya pointed out that the mediation succeeded in securing humanitarian truces that alleviated suffering by delivering aid to the Palestinian people and facilitating the release of detainees and prisoners.She emphasised that Qatar remains committed to its role as a mediator and peace-building leader, with its wise leadership dedicated to resolving conflicts through diplomatic means and undertaking humanitarian efforts to relieve the suffering of the people of Gaza and create favourable conditions for the return of displaced persons.She explained that the Qatar's Gaza Reconstruction Committee has initiated efforts to rebuild by clearing rubble, reopening main roads, and facilitating the movement of Palestinians within the Strip. Qatar also launched a land bridge through Jordanian and Egyptian territories to deliver humanitarian aid, including shelter tents and food and medical supplies for more than 436,000 affected individuals in the Strip.HE Sheikha Alya reaffirmed Qatar's welcome of the UN General Assembly's adoption of the New York Declaration on implementing the two-state solution and establishing an independent Palestinian state.She expressed appreciation for the leadership roles of Saudi Arabia and France in this regard and welcomed the positive stances of countries that have recognised the State of Palestine, affirming its rightful claim to full UN membership.She stressed that for a peaceful settlement and the success of the two-state solution, it is essential to reject actions that undermine it, including settlement expansion in the West Bank, settler violence, and land appropriation, affirming that Gaza is an inseparable part of Palestinian territory and of a unified Palestinian state.She conveyed Qatar's strongest condemnation of the Israeli Knesset's approval of two draft laws aimed at imposing Israeli sovereignty over the occupied West Bank, describing them as a challenge to international law and legitimate resolutions.She urged the international community, especially the Security Council, to assume its legal and moral responsibilities and take urgent action to compel Israeli authorities to halt expansionist plans and settlement policies in occupied Palestinian territories.She continued by condemning plans to construct a settlement that would sever East Jerusalem from the West Bank, calling it a blatant violation of international legitimacy, particularly Resolution 2334.HE Sheikha Alya expressed Qatar's denunciation of statements regarding the so-called Greater Israel Vision, considering them a continuation of crisis escalation and violations of state sovereignty and international law.HE Sheikha Alya also reaffirmed Qatar's support for Syria, its sovereignty, territorial integrity, and national unity, and its people's aspirations for stability and development. She condemned Israeli attacks on Syria, describing them as grave violations of international law.She reiterated Qatar's steadfast support for the Republic of Lebanon and the efforts of its government, stressing the need for Israeli occupation forces to withdraw from all Lebanese territories, and called on all parties to strictly adhere to the ceasefire agreement.HE Sheikha Alya affirmed Qatar's unwavering commitment to its sincere and credible approach to the peaceful resolution of disputes through dialogue and mediation, and its support for all initiatives aimed at promoting peace and security in the region and the world.

The Business Continuity and Resilience Conference (BCRC) has signed a memorandum of understanding (MoU) with PwC Middle East in Qatar as its Knowledge Partner for the 2025 edition of BCRC.The collaboration supports Qatar’s Third National Development Strategy (NDS3) by enhancing business continuity and resilience across key sectors, including banking, healthcare, energy, and government. It combines BCRC’s convening power with PwC’s regional and global expertise in Digital Trust and Business Continuity (BCM), enabling organisations to safeguard growth, protect services, and reinforce long-term competitiveness.Engineer Abdullatif Ali al-Yafei, chairman and conference president, said: “The agreement reflects the commitment to shaping a stronger, more resilient economy by elevating the standards of business continuity in Qatar and beyond.Bassam Hajhamad, Qatar Country senior partner and consulting leader, said: “Through our cross-sector BCM and Digital Trust expertise, we will bring frameworks and tools that enable leaders to anticipate risks, protect value, and achieve outcomes that matter to their organisations and Qatar’s future.”In a related development, BCRC and PwC Middle East co-hosted a workshop titled ‘BCM Practices in Qatar’.The workshop provided participants with the practical knowledge and skills necessary to build a resilient organisation by establishing an integrated business continuity governance framework. The framework relies on a proactive approach to testing, updating, and continuous improvement to ensure the effectiveness of plans and foster a culture of continuity within the organisation.Al-Yafei said the joint workshop marks the first step in a long-term capability-building journey that will empower leaders in government and semi-government sectors and practitioners in the field of BCM.

Pakistani Prime Minister Shehbaz Sharif stressed that implementing the two-state solution is essential to ensuring lasting peace in the Middle East, welcoming US President Donald Trump's proposal to end the war in the Gaza Strip. Sharif said via X platform that "durable peace between the Palestinian people and Israel would be essential in bringing political stability and economic growth to the region." "It is also my firm belief that President Trump is fully prepared to assist in whatever way necessary to make this extremely important and urgent understanding become a reality," he added. The Pakistani Prime Minister praised the US President's efforts and the vital role played by his Special Envoy, Steve Witkoff, in ending the war in Gaza.

Qatar Airways has been awarded the ACT Middle East Treasury Award for capital raising for its landmark QR4.5bn QNB-led dual-tranche syndicated facility and supported by a consortium of local banks. “The milestone transaction marks one of the largest aviation finance deals of its kind in the region, reinforcing the airline’s financial strength and resilience.“The achievement underscores Qatar Airways’ prudent financial strategy, strong relationships with Qatar’s world-class banking sector, and its ability to successfully navigate complex financing structures to supportlong-term sustainable growth.” QNB, as the leading financial institution in the Middle East and Africa, played a pivotal role in structuring and leading the capital raising, leveraging its expertise and strong relationships with local banks. The transaction underscores QNB’s ability to deliver innovative financial solutions that support Qatar’s flagship companies in achieving sustainable growth and global competitiveness.The ACT Middle East Treasury Awards recognise outstanding achievements in corporate treasury across the region, celebrating excellence in financial management. The accolade highlights Qatar Airways’ commitment to the highest standards of financial management and the strategic role of the airline in strengthening Qatar’s economic resilience.Qatar Airways Group Chief Executive Officer, Badr Mohammed al-Meer, said: “We are delighted to receive the ACT Middle East Treasury award for our landmark capital raising agreement with local banks led by QNB for QR4.5bn. The landmark financing deal, achieved with the leadership of QNB and the support of our local banks, reflects the strength of our partnership and commitment to financial excellence and is fully in line with Qatar National Vision 2030. It is not only an achievement for the airline, but also a testament to Qatar’s world-class banking sector.”QNB Group Chief Executive Officer, Abdulla Mubarak al-Khalifa, said: “We are proud to have supported Qatar Airways in this landmark transaction, which reflects the strength of Qatar’s financial sector and its ability to deliver innovative financing solutions. This achievement not only reinforces the airline’s global position but also demonstrates our commitment to advancing Qatar’s economic resilience and long-termsustainable growth in line with the Qatar National Vision 2030.”Qatar Airways continues to be a leader in both aviation and finance, ensuring the airline remains well-positioned to expand its network, invest in new aircraft, and deliver the five-star service for which it is globally renowned. The national carrier also aims to stimulate greater collaboration between the aviation and the banking sector, paving the way for innovative financial structures tailored to the airline’s evolving needs while promoting national economic resilience.

Egyptian Foreign Minister Dr. Badr Abdelatty affirmed that the situation in the Middle East is on the brink of explosion, stressing that Egypt rejects any scenarios of forced displacement of the Palestinian people and that the continued violations of the Israeli occupation threaten the foundations of peace.In a speech at the 80th session of the UN General Assembly, the Egyptian Foreign Minister said the multilateral international system is in a state of unprecedented fluidity, its mechanisms are collapsing, and its credibility is eroding due to crimes committed under the watchful eye of the international community, which is content to play the role of spectator to the systematic violations taking place.He added that the Middle East stands on the brink of explosion, as all elements of peace, security and stability are absent, there is little respect for international legitimacy, and the brotherly Palestinian people are falling victim to the most heinous Israeli practices. He pointed out that the hands of the Israeli aggression have extended, in a frenzy of power and lack of accountability, to the countries of the region one after the other, and the latest episode was the treacherous aggression against the sisterly State of Qatar.Dr. Abdelatty explained that since the outbreak of the Israeli aggression on the Gaza Strip, Egypt has devoted all its efforts to achieving a sustainable ceasefire in the Gaza Strip, in partnership with Qatar and the US, and to resuming uninterrupted flow of aid to confront the current famine, which is of Israeli origin.He pointed out that Egypt affirmed that reforming the UN and international financial institutions is no longer an option that can be postponed, but rather an urgent necessity to ensure fair and balanced representation in international decision-making mechanisms.