Geostrategy
United States, European Union pull up Iran over nuclear deal delay
The US and EU have said at the UN that Iran’s new government has shown no indication it was ready...
- Iran’s new President, Ebrahim Raisi, has indicated he backed a return to compliance with the 2015 accord
- It could lift sweeping sanctions imposed by former US President Donald Trump when he withdrew the US from the deal
Science
Scientists develop antiviral drugs in pill form to fight COVID-19
Molnupiravir is the top drug being developed by Merck & Co. and Ridgeback Biotherapeutics.
- Molnupiravir is the top drug being developed by Merck & Co. and Ridgeback Biotherapeutics
- The drugs will work by preventing viruses from reproducing in human cells
Business
Mubadala mining JV unit sold
Matsa is a JV subsidiary of Mubadala and Trafigura.
- The deal is valued at €1.58 billion ($1.85 billion)
- It is expected to conclude in the first quarter of 2022
Geostrategy
Kuwait urges Iran to push for regional confidence-building
Iran’s moves could ultimately contribute to building regional relations based on mutual cooperation and respect.
- Kuwait said at the UNGA that Iran should Iran should work towards reducing tension in the Gulf region
- It urged Iran to also preserve safety, freedom, and security of maritime navigation
Arts & Culture
Sharjah turns to Italy to digitize rare manuscripts
The move will see the digitization of more than 2,500 rare Arabic manuscripts dating back to more than 450 years.
- The Sharjah Book Authority has turned to the Milan-based Italian library Veneranda Biblioteca Ambrosiana to digitize manuscripts
- VBA’s Arabic manuscripts collection is considered one of the most important in Italy
Science
UAE reviews food systems transformation at UN
The world must act, and act now, if we are to reach zero hunger by 2030, the UAE’s Minister of...
- There is no more time for planning in the run-up to 2030, which is designated the Decade of Action
- The combined efforts of all actors is necessary for the world to meet the UN’s Sustainable Development Goals
Analysis
2022 World Cup may help Qatar sustain growth
The projects initiated as part of hosting the tournament include the construction of eight stadiums, Doha Metro Rail, a new...
- Stadiums constructed for the world cup would be later given to local clubs for utilization
- QTA announced new tourism strategy which aims to attract 5.6 million visitors to Qatar annually by 2023
Business
China central bank says all crypto transactions are illegal
The bank has effectively sounded the death knell for digital currencies in China.
- The global values of cryptocurrencies including Bitcoin have massively fluctuated over the past year partly due to Chinese regulations
- The rulings have sought to prevent speculation and money laundering
Economy
UAE allots $17.6bn to housing project for Emiratis in Dubai
Dubai ruler and prime minister of the United Arab Emirates, Sheikh Mohammed bin Rashid Al Maktoum, has given approval for...
- Land plots allocated to Emirati housing projects in Dubai increased to 1.7 billion square fee
- Sheikh Mohammed issued directives to quadruple the number of Emiratis benefiting from the housing program from next year
Economy
UN starts program to give electricity, water to Lebanon
Helped by the UN, Lebanon will get fuel to keep its healthcare and water-supply facilities for the next three months.
- The plan It is expected to provide fuel to all public hospitals, primary healthcare centers, and dispensaries servicing the most vulnerable communities
- It is also expected to provide fuel to four water establishments to secure continuous water supply to about 2.3 million people across the country
Company News
NMDC, James Fisher sign MoU
Business
Aldar acquires Doubletree
Business
ADNOC awards $2bn in contracts
Business
Latest News
ECI signs MoU with HFZA, SAIF
Business
First phase of ADNOC Refining’s WHR project nears completion
ADNOC Refining's Waste Heat Recovery (WHR) project is designed to capture exhaust heat from the gas-powered turbines at ADNOC Refining's...
Business
Dubai records realty transactions worth $517 million: Land Department
Dubai, UAE--- Dubai real estate market recorded 344 sales transactions worth AED1.77 billion ($481 million), in addition to 67 mortgage...
Business
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Business
ADQ monetises minority stake of 8.6% in TAQA
TAQA is a diversified utilities and energy group headquartered in Abu Dhabi, and listed on the Abu Dhabi Securities Exchange.
- TAQA is a diversified utilities and energy group headquartered in Abu Dhabi, and listed on the Abu Dhabi Securities Exchange
- The company has significant investments in power and water generation, transmission and distribution assets
Geostrategy
India to invite UAE as ‘guest country’ at G-20 Summit
India, the incoming President of the Group of Twenty (G-20) announced that it will invite the UAE as one of...
- The G-20 accounts for 85 percent of global GDP, 75 percent of international trade and two-thirds of the world population.
- This is the first of a series of announcements being made by India preparatory to its assumption of the G-20 Presidency on December 1, 2022.
Geostrategy
High-level UAE economic delegation visits Georgia
A UAE economic delegation led by Minister of State Ahmed Ali Al Sayegh visited Tbilisi, Georgia.
- UAE-Georgian economic relations have witnessed remarkable development in recent years.
- Total non-oil trade between UAE and Georgia in 2020 and 2021 grew by 52 percent to reach US$223 million.