logo
All eyes on Trump as NATO meets for crunch talks on defence spending

All eyes on Trump as NATO meets for crunch talks on defence spending

Al Etihad6 hours ago

25 June 2025 01:10
THE HAGUE (dpa)NATO leaders, including US President Donald Trump, gathered at Huis ten Bosch palace in The Hague on Tuesday evening for a state dinner hosted by the Dutch royal family, kicking off a summit of the Western defence alliance.The gathering is the first NATO meeting attended by Trump since he returned to office with renewed determination to prevent other allies from piggy-backing on the massive US defence budget.Allies gathered in the Dutch city are expected to commit on Wednesday to increasing their annual defence-related expenditure to at least 5 percent of gross domestic product (GDP) by 2035, following persistent pressure from Washington.Under the plans, at least 3.5% of GDP is to be allocated to traditional military expenditure and an additional 1.5% of GDP to related expenses including infrastructure.NATO Secretary General Mark Rutte "saluted" Trump for getting European allies to hike defence expenses at the state dinner.The new spending target represents a huge challenge for many of the 32 NATO states, and has not been without opposition.
In contrast to previous alliance summits, Ukrainian President Volodymyr Zelensky, who arrived in The Hague on Tuesday, will not take part in formal NATO consultations but was only invited to attend events on the sidelines.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Early intelligence assessment finds US strikes did not destroy Iran nuclear sites, report says
Early intelligence assessment finds US strikes did not destroy Iran nuclear sites, report says

The National

time5 hours ago

  • The National

Early intelligence assessment finds US strikes did not destroy Iran nuclear sites, report says

An early US intelligence assessment has found that the weekend strikes on three Iranian nuclear sites did not destroy them, according to reports. The strikes, which hit the Fordow, Natanz and Isfahan sites, failed to destroy the core components of Iran''s nuclear programme and probably only set it back by months, CNN and AP said on Tuesday, quoting sources. The assessment was carried out by the Defence Intelligence Agency, the Pentagon's intelligence arm, and is based on a battle-damage assessment conducted by US Central Command after the strikes. CNN reported that two sources said Iran's stockpile of enriched uranium had not been destroyed, and that the centrifuges are largely 'intact". The report noted, however, that analysis was continuing and could change as more intelligence becomes available. The White House denied the veracity of the "alleged assessment" and said it had been leaked by "an anonymous, low-level loser in the intelligence community". US President Donald Trump, speaking after the strikes, called them a "spectacular military success" that destroyed Iran's nuclear enrichment capabilities. "Iran's key nuclear enrichment facilities have been completely and totally obliterated," he said in a national address on Saturday night. Speaking at the Pentagon the next day, Defence Secretary Pete Hegseth said the US had 'devastated' Iran's nuclear programme, although the strikes were "intentionally limited". Iranian state media, however, said that all three sites had been evacuated and their contents moved before the bombings. Satellite imagery from the days ahead of the US strikes showed some unusual activity near the Fordow site. Sixteen lorries could be seen near the site's tunnel entrance before apparently moving away a day later, according to satellite imagery firm Maxar. New lorries and several bulldozers appeared close to the main entrance by Friday, with one truck very close to the main tunnel entrance, Maxar said.

Dubai club to go up against the likes of Real Madrid, Barcelona
Dubai club to go up against the likes of Real Madrid, Barcelona

Al Etihad

time5 hours ago

  • Al Etihad

Dubai club to go up against the likes of Real Madrid, Barcelona

25 June 2025 01:37 ABU DHABI (ALETIHAD) The EuroLeague, widely recognised as one of the toughest basketball leagues in the world, have confirmed the entry of Dubai Basketball club while expanding from 18 to 20 teams, thus ratifying on a proposal in May and reported first by Aletihad . Though two slots were added, three teams will reap the benefit because Alba Berlin dropped out of the league. The Dubai debutants will thus be joined by Hapoel Tel Aviv and Valencia a historical debut season in ABA League, Dubai Basketball climbed to the play-off semi-finals before being halted by European powerhouse Partizan – the team captured the attention of thousands worldwide. Although their campaign ended shy of the final finishing in third overall, the season laid a powerful foundation for what promises to be a defining season for the club."I would like to extend my deepest gratitude to the leadership of Dubai and the Dubai Sports Council for their unwavering support. Their vision and commitment have been instrumental in making the success of Dubai Basketball possible," said Abdulla Saeed Al Naboodah, Chairman and by Jurica Golemac, Dubai Basketball will make go head-to-head in their debut season with some of the most celebrated basketball teams in the world. Facing the likes of Real Madrid, Barcelona, Panathinaikos, Olympiacos, and reigning champions Fenerbahce, among other elite clubs, Dubai Basketball will bring top-tier European basketball to Coca-Cola Arena from September to and co-Chief Executive Officer Dejan Kamenjašević has been a driving force behind the club's rapid rise. "Credit goes to our coaches, players and all Dubai Basketball employees who worked hard to convert this dream to a reality," said Kamenjašević. Now, with EuroLeague ahead, we have even more to show. We're building something this city has never seen before." In just their first season, Dubai Basketball attracted nearly 80,000 fans to Coca-Cola Arena, paving the way for a new era for the sport in the region. As the only Middle Eastern team represented in ABA League last season, Dubai had something to prove from day one. And in the span of a year, they firmly established themselves as top contenders in Europe. Source: Aletihad - Abu Dhabi

Oil plunges and stocks climb as Israel agrees to ceasefire with Iran
Oil plunges and stocks climb as Israel agrees to ceasefire with Iran

The National

time5 hours ago

  • The National

Oil plunges and stocks climb as Israel agrees to ceasefire with Iran

Oil prices plummeted while Gulf stocks rallied with Asian equities after US President Donald Trump announced that Israel and Iran had agreed to a ceasefire. Brent, the benchmark for about a third of global crude, fell 4.34 per cent to $68.38 a barrel at 5.56pm UAE time. The slide comes after it closed 7 per cent lower on Monday following Iran's attack on a US airbase in Qatar, a more restrained response than previously feared in retaliation against US strikes on its nuclear sites. West Texas Intermediate, the gauge for US crude, fell about 4.42 per cent to $65.48 a barrel after losing more than 8 per cent in Monday's trading. "The geopolitical risks that have loomed over the Middle East for months have now fully materialised, prompting a rapid repricing in the oil market," said Janiv Shah, vice president, oil markets analysis at consultancy Rystad Energy. US President Donald Trump said overnight in a social media post that Israel and Iran had agreed to a "complete and total ceasefire". An official end to the 12-day war was soon to be followed, he said in a social media post. Although Iran launched waves of missiles on Israeli targets after Mr Trump's announcement, the Israeli government agreed to the ceasefire on Tuesday after 'achieving the objectives' of its attacks on Iran. A statement from the office of Prime Minister Benjamin Netanyahu said Israel has now 'removed a dual immediate existential threat – both in the nuclear and ballistic missile fields'. Iran had said earlier that it would agree to stop attacking Israel only if it did the same. Iran's Foreign Minister Abbas Araghchi posted on X: 'As Iran has repeatedly made clear: Israel launched war on Iran, not the other way around.' However, Mr Trump again had to intervene and said the cease fire is holding after both Iran and Israel launched counter strikes. "I don't like the fact that Israel went out this morning at all. And I'm going to see if I can stop it," he said before heading to a Nato meeting "Israel will not attack Iran," he said in a sperate social media post. The war has threatened to disrupt energy supplies from the region and stoked fears of Iran closing the Strait of Hormuz, a vital water way for global crude flows. The conflict has rattled global equities markets as well, adding to the already heightened volatility due to tariff concerns. Stocks rally Shares in Gulf equity markets rallied on Tuesday, led by the Dubai Financial Market. The DFM General Index surged 3.35 per cent, while benchmark gauge of the Abu Dhabi Securities Market advanced 2.48 per cent. Saud Arabia's Tadawul, the biggest Arab bourse by market capitalisation, climbed 2.37 per cent. Main index of Doha Securities Market rallied 1.93 per cent, while main Market in Kuwait added 1.25 per cent. Bourse in Bahrain rose 1.49 per cent, and main equities index in Oman added 0.38 per cent. "A ceasefire between Israel and Iran ... improved market sentiment and helped investors regain their risk appetite," Osama Al Saifi, managing director for Mena at online trading platform Traze, said. "Most markets erased the losses experienced during the last two weeks." Shares in Asia also advanced, with Japan's Nikkei index gaining 1.14 per cent and China's Hang Seng rising 2.18 per cent. Stocks in Mumbai also gained 1.2 per cent. Stocks in Europe also took a positive start, with FTSE 100 Index trading 0.4 per cent at 4:44pm UAE time, while equities in Germany and Paris adding 1.83 per cent and 1.21 per cent respectively. Futures of S&P and Nasdaq also advanced 0.72 per cent and 0.98 per cent respectively. S&P 500 on Monday closed 0.96 per cent higher, the Nasdaq Composite Index rose 0.94 per cent and the Dow Jones Industrial Average Index ended 0.89 per cent higher. While the conflict in the Middle East is dominating headlines, sell-offs caused by geopolitical events tend to be brief, Bloomberg cited Morgan Stanley's strategists led by Michael Wilson as saying in a note. According to the Morgan Stanley team, prior geopolitical risk events have led to some volatility for equities in the short term, but one, three and 12 months after the events, the S&P 500 has been up 2 per cent, 3 per cent, and 9 per cent, on average, respectively.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store