Search Site

Trends banner

Oracle shares up 35%

Huge AI contracts lead to the surge.

ADCB to raise $1.66bn

The rights issue aimed at boosting growth.

EGA H1 revenue $4.11bn

Net profit before GAC $445 million.

Borouge to pay $660m H1 dividend

Its net profit for H1 was $474 million.

TAQA secures $2.31bn loan

It will be utilized in a phased manner.

UAE president Sheikh Mohamed Zayed to visit Putin in Moscow

This would be Sheikh Mohamed's third foreign visit since he took over as the president. (WAM)
  • Tuesday's visit will be Sheikh Mohamed's third foreign trip since officially taking the reins as president following the death of his brother Sheikh Khalifa bin Zayed Al Nahyan.
  • The visit comes days after the Saudi-led OPEC oil cartel and its allies including Russia, known as OPEC+, decided to cut oil output in a bid to raise prices.

Abu Dhabi, UAE—The United Arab Emirates’ president will Tuesday visit his Russian counterpart Vladimir Putin, state media reported, one of the few leaders to make the trip to Moscow since the Ukraine war started.

Sheikh Mohamed bin Zayed Al-Nahyan “will discuss with President Putin the friendly relations between the UAE and Russia along with a number of regional and international issues and developments of common interest,” the UAE’s state news agency WAM said Monday.

The visit comes days after the Saudi-led OPEC oil cartel and its allies including Russia, known as OPEC+, decided to cut oil output in a bid to raise prices, despite appeals from the United States to increase production.

Gulf countries, which typically enjoy positive relations with Moscow, have shied away from criticising Russia’s invasion of Ukraine.

In March, just weeks into the invasion, Qatar’s foreign minister headed to the Russian capital for talks on Iran’s nuclear deal and the conflict in Ukraine.

Tuesday’s visit will be Sheikh Mohamed’s third foreign trip since officially taking the reins as president following his brother’s death in May.