Latest in Tag: UAE Highlight
Latest in Tag: UAE
UAE Chief of Staff meets with Sedky Sobhy, military leaders in Cairo
Meeting focused on cooperation between the two nations
UAE sees keen interest for largest oilfields on revised terms: Minister
Under the concession arrangement, ADNOC held a 60% controlling stake in the Abu Dhabi Company for Onshore Oil Operations (ADCO) oilfields, while ExxonMobil, Royal Dutch Shell, Total and BP, each held 9.5% stakes.
UAE market regulator changes margin lending rules, penalties
Margin lending – borrowing with cash or share holdings as security, has been in high demand as investors sought to maximise gains from a UAE market surge, with Dubai and Abu Dhabi’s bourses jumping 108% and 63.1% respectively last year.
Gulf states line up as targets of trade unions and human rights groups
By James M Dorsey Gulf states are lining up as targets for criticism by international trade unions and human rights groups for their treatment of foreign workers. Qatar, long in the firing line following its winning three years ago of the right to host a World Cup, was joined this week by Abu Dhabi as …
Emirati Minister of State meets El-Beblawi
Emirati-funded development programme will be executed by the Ministry of Defence
UAE’s Arabtec plans property arms; eyes M&A, Egypt
Arabtec will partner with other firms to undertake projects in Dubai, Abu Dhabi and the Gulf states, it said in a statement detailing the resolutions of a 19 December board of directors meeting.
Al-Futtaim aims to double business by 2018
MAF has invested heavily into Egypt and has started construction on a $600m Mall of Egypt in Cairo that is expected to open by early 2016
UAE verdict in Muslim Brotherhood ‘cell’ on January 21
The verdict will be issued in a hearing on 21 January, the court decided in a session attended by 15 of the defendants
Red herrings
A few weeks ago, in his regular New York Times column, Thomas Friedman applauded the “radical evolutions” taking place across the Arab Gulf, dubbing them “The Other Arab Awakening“. Friedman makes the sweeping claim that, “in the wake of the Arab Spring, [Gulf leaders] are deeply concerned with their legitimacy, which they are discovering can …
Egypt delays IMF loan decision, Gulf aid helps reform: Deputy PM
Any IMF deal would require economic reform commitments that the government might find politically risky
UAE Telco Etisalat fined for blocking rival Du’s promo texts
Etisalat is the bigger player in both of these segments and is seen by analysts as having more to lose from the introduction of the service.
UAE pay-TVnetwork OSN secures 5-yr $200mnfacility
“The proceeds of the facility will be utilised by OSN to further grow and strengthen its core business,” the firm said.
Abu Dhabi’s Mubadala to service Rolls Royce Trent XWB engines
Mubadala will become an approved provider of Trent engine maintenance, repair and overhaul, Rolls-Royce’s first such designation in the Middle East
Dubai says Expo 2020 would boost turmoil-hit region
Dubai hopes to attract some 25 million visitors and create nearly a quarter of a million jobs if it wins the bid.
Kerry in UAE to discuss Iran, Syria
Kerry stressed there was “zero gap” between the US administration and “our commitment to our allies in the Gulf and the region.”
UAE tries 20 Egyptians for attempting to topple government
Defendants accused of affiliation with Muslim Brotherhood; HRW voices concern over the nature of the charges
Adly Mansour returns from second overseas visit
The interim president travelled to Kuwait and UAE, returning to Egypt on Friday
Mansour in Abu Dhabi to brief Emirati president on roadmap
The interim Egyptian president arrived in the oil-rich country as part of the president’s second international tour
Mansour in Kuwait, ahead of UAE visit
This is the interim president’s second regional tour; both tours come within a month
Mansour to start second overseas tour
The interim president will travel to Kuwait and the United Arab Emirates
Egypt expects more Gulf Aid following package with UAE: El-Beblawi
The UAE announced through its official news agency WAM on Saturday the aid package which aims to support the North African developmental programme and includes a $1bn deposit has been transferred to Egypt’s Central Bank last July.
El-Beblawi discusses economic cooperation with Emirati counterpart
Al Maktoum has renewed his country’s support of Egypt in order to face current challenges
Beblawi heads delegation in UAE visit
High-level delegation will meet with UAE officials to discuss bilateral relations and aid package.
Egypt supports Saudi decision rejecting UNSC seat
The Saudi government rejected the seat one day after it was elected into the UN body
Finance Minister discusses cooperation with UAE
Galal discussed with UAE Secretary of State cooperation in the fields of energy, health insurance and public debt management
UAE to try 30 Emirati, Egypt Islamists on Nov 5
Prosecution has accused the group of having “established and managed a branch for … the international organisation of Egypt’s Muslim Brotherhood, without a permit.”
Egypt’s ambassador in Tunis returns to Egypt
Ambassador recalled following Tunisian president’s UNGA address amid condemnation of it in Egypt
Attempts against Egypt-Kuwait relationship have failed: El-Moslimany
Interim president Adly Mansour expected to visit Kuwait soon
Fahmy joins a diplomatic forum on the Middle East in Paris
FM Nabil Fahmy to meet with US Secretary of State John Kerry and French FM Laurent Fabius to discuss Palestine, Syria and Egypt
Egypt to receive additional $ 2bn in aid from UAE
UAE’s prince Mohammed bin Zayed Al-Nahyan pledged to send $ 2bn additional aid to support Egypt