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United Arab Emirates

November 22, 2024

Abu Dhabi 10:55 pm

28°C

ATTA KENARE/AFP via Getty Images

After UAE visit, Qatari PM holds talks in Iran as Hamas officials depart Doha

A Gulf political official told Al-Monitor on Wednesday that the Qatari prime minister's visit to the UAE is designed to communicate Doha's new policy toward Hamas, where it seeks to be more in alignment with them regarding the group.

Neymar

After Ronaldo, Neymar scores $54 million penthouse in Dubai

The Brazilian soccer player is the latest athlete to acquire property in the UAE’s largest city.

United Arab Emirates

NUSA DUA, INDONESIA - JULY 08: The Indonesian Minister for Foreign Affairs, Retno Marsudi (R) greets the Italian Minister of Foreign Affairs, Luigi Di Maio (L) during arrival of the G20 Foreign Ministers and Head of Department at the Grand Ballroom Mulia Hotel on July 08, 2022 in Nusa Dua, Indonesia. (Photo by Robertus Pudyanto/Getty Images)

Interview

EU escorted over 200 ships in Red Sea amid Gulf maritime threats, envoy says

The Gulf states are supporting the EU's Operation Aspides to counter the Houthi threat in the Red Sea region, as both seek greater cooperation on maritime security, said Luigi di Maio.

Luigi di Maio

Luigi di Maio

EU Special Representative for the Gulf

MAURO PIMENTEL/AFP via Getty Images

Even with MBS absent, Saudi Arabia and UAE poised to make deals at G20

Gulf states will look for agreements and trade deals with partners from South America and elsewhere ahead of US President-elect Donald Trump's inauguration in January.

Latest News

BlackRock gets nod to establish Abu Dhabi office after Saudi HQ plans set

Michael M. Santiago/Getty Images

United Arab Emirates

Analysis

Driven by geopolitics and trade, India-Saudi ties get boost from FM visit

Saudi Foreign Minister Faisal bin Farhan and Indian External Affairs Minister S. Jaishankar attend a plenary session in the outreach/BRICS Plus format at the BRICS summit, Kazan, Oct. 24, 2024.

Jennifer Gnana

By Jennifer Gnana

In Dubai, reporting on Gulf energy policy and politics

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UAE's ADNOC doubles down on gas, allocating $15B over next 5 years

A picture shows the headquarters of UAE's state oil company ADNOC in Dubai on July 27, 2022.

United Arab Emirates

COP29: Mideast players chase over $1T climate finance as Trump cues US retreat

The entrance gate stands illuminated outside the conference venue prior to the COP29 Climate Conference, Baku, Azerbaijan, Nov. 10, 2024.

United Arab Emirates

Jack Dutton

Chief Business Correspondent

In Bristol, reporting on regional business, climate change, AI, tech

Adam Lucente

News and Business Correspondent

In New York City, reporting on regional news, militancy, climate change

Jennifer Gnana

Gulf Correspondent

In Dubai, reporting on Gulf energy policy and politics

Samuel Wendel

Senior Market Research Analyst

In Washington, DC, reporting on regional business and tech

Sabena Siddiqui

In Karachi, reporting on South Asia, Middle East, Iran

Sebastian Castelier

In Dubai, reporting on regional business

CAMILLE LAFFONT/AFP via Getty Images

UAE's ADNOC invests in Mozambique's natural gas in first African foray

The deal will give ADNOC a share of the liquified natural gas output from the concession, which has a combined capacity of over 25 million metric tons per pear, the company said in a statement.

United Arab Emirates

GIUSEPPE CACACE/AFP via Getty Images

Dubai beats Singapore, London as top city for 'greenfield' FDI projects

FDI Markets data, compiled by the Financial Times, found the UAE's financial capital ranked top overall in global "greenfield" FDI projects attracted in 2023.

United Arab Emirates

An Emirates Airlines plane lands at Dubai International Airport in Dubai on October 17, 2023. (Photo by Karim SAHIB / AFP) (Photo by KARIM SAHIB/AFP via Getty Images)

Emirates airline reports record $4.7B profit as Gulf competition heats up

The Dubai-based airline has posted strong performance figures in recent months.

United Arab Emirates

Cars drive along a street in front of high-rise buildings in Dubai, on February 18, 2023. - Home to towering skyscrapers and ultra-luxury villas, Dubai saw record real estate transactions in 2022, largely due to an influx of wealthy investors, especially from Russia. (Photo by Karim SAHIB / AFP) (Photo by KARIM SAHIB/AFP via Getty Images)

Dubai’s real estate boom keeps rolling, emboldening investors despite risks

Samuel Wendel

In Washington, DC, reporting on regional business and tech

Motorists drive along a flooded street following heavy rains in Dubai early on April 17, 2024.

Record rainfall forces Gulf cities to rethink climate change

A climate change monitor estimates that global warming made the Gulf deluge 10-40% more intense than it would have been in the pre-industrial era.

United Arab Emirates

A picture taken on January 23, 2022, shows the skyline of the Emirate of Dubai with Burj Al Arab (C) and Burj Khalifa (background-L). (Photo by Giuseppe CACACE / AFP) (Photo by GIUSEPPE CACACE/AFP via Getty Images)

Dubai crowned wealthiest city in Middle East, home to 72,500 millionaires

The number of individuals in Dubai with liquid investment wealth — assets that can be readily converted to cash — of $1 million or more increased by 78% between 2013 and 2023 to 72,500, according to a report.

United Arab Emirates

People salvage belongings after heavy flooding due to record rains in Dubai, April 19, 2024.

UAE’s non-oil revenues hit by April floods, but quick recovery expected

The seasonally adjusted S&P Global UAE Purchasing Managers’ Index fell to 55.3 points in April, still indicating growth, but had been at 56.9 the previous month.

United Arab Emirates

This picture taken December 12, 2019 shows a man monitoring the board at the Stock Exchange Market (Tadawul) bourse in Riyadh. - Energy giant Saudi Aramco's market value soared above $2 trillion as its share price surged again on its second day of trading. The valuation milestone was sought by Saudi Crown Prince Mohammed bin Salman when he first floated the idea of selling up to five percent of Aramco, the world's largest oil firm, about four years ago. Aramco shares jumped another 9.7 percent to 38.60 riya

Mideast passes stress test as Iran-Israel trade blows, but economic challenges remain

Telegraph

UAE-backed RedBird IMI pulls out of Telegraph deal, will sell UK newspaper

RedBird IMI effectively took control of Telegraph Media Group in December, when it repaid the owner family’s debts, including a $753 million loan against the media outlets.

United Arab Emirates

Finalization of a historic Comprehensive Economic Partnership Agreement (CEPA) between Ukraine and the UAE.

UAE, Ukraine conclude trade deal talks, Emirates to help post-war reconstruction

Ukraine’s bilateral trade has sharply fallen since Russia invaded the country in February 2022.

United Arab Emirates

DUBAI, UNITED ARAB EMIRATES - APRIL 02: The many pylons that provide power to Dubai are seen in the desert on April 2, 2007 in Dubai, United Arab Emirates. Commerce and Industry is currently thriving in Dubai and Indian and Pakistani expatriot workers are the backbone of the workforce, sending money back to their families at home. (Photo by Chris Jackson/Getty Images)

Gulf telcos flexing investment might amid drive to become global brands

Samuel Wendel

In Washington, DC, reporting on regional business and tech

View of an oil field at a base near Bentiu, South Sudan.

UAE company agreed to loan $13B to South Sudan in exchange for oil

A $13 billion loan to South Sudan, funded by Hamad Bin Khalifa Department of Projects, marks the largest-ever cash deal for the country.

United Arab Emirates