UAE and US review strategic cooperation and events in MENA
Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, reviewed strategic cooperation and joint coordination in a meeting with Brett McGurk, the US National Security Council Coordinator for the Middle East and North Africa, at Al Shati Palace.Trade between Jordan and UAE grows to $891m in 2021
Trade between Jordan and the United Arab Emirates has grown to $891 million during the course of last year, and the UAE has invested some $17 billion in Jordan, in a sign of strong economic ties.Qatar will act on US interest in Afghanistan
The Gulf country has played a significant role both in diplomacy and evacuations as the US ended its 20-year war in Afghanistan.Jordan discusses investments with the UAE
The discussions took place during a meeting on Friday, November 12, in Dubai between Jordan’s Prime Minister Bisher Khasawneh and Emirati Deputy Prime Minister and Minister of the Interior Shiekh Saif bin Zayed Al Nahyan. The two sides highlighted the mutual ties that apparently bring together Amman and Abu Dhabi.Oil-exporter UAE accepts future is not oil: US delegation
UAE officials "recognise reality", delegation member and House of Representatives Majority Leader Steny Hoyer said after talks with Dubai ruler Sheikh Mohammed bin Rashid Al-Maktoum. "They know the world is working very hard not to be in a position to buy their product anymore, because they're going to alternative energy,"...Qatar FM calls for halt to normalization with Syria after UAE visit
Qatar's top diplomat voiced hope Friday for a halt to normalization with Syrian President Bashar al-Assad after his counterpart from the United Arab Emirates paid a visit to Damascus. The diplomat, however, also said that other nations had the "sovereign right" to make their own decisions on Syria.Climate and Covid recovery loom large over Dubai air show
Airlines are still deep in the red, with losses expected to extend by another $51.8 billion this year.ADNEC pledges zero carbon emissions
The company will support the UAE 2050 Strategic InitiativeSyria inks solar plant deal with UAE firms
Syria has signed a deal with United Arab Emirates firms for the construction of a solar power plant near Damascus, state media said Thursday, in a sign of growing economic ties.UAE and Bahrain hold first joint naval exercise with Israel: US
The five-day maneuvers in the Red Sea, which is linked to the Mediterranean through the Suez Canal, are intended to "enhance interoperability between participating forces", US Navy said.Trade surges 69% to AED15.84bn between UAE and Italy in 2021
Trade between the United Arab Emirates (UAE) and Italy has surged 68.6 percent to AED15.84 billion in the first half of 2021, compared AED9.4 billion in the same period last year.Air Arabia Q3 net profit $56 million
The airline said it served over 1.9 million passengers from its five hubs.UAE, Bahrain to establish joint investment fund in both countries
“The governments of the UAE and Bahrain, in light of the fraternal ties and long-term mutual interests between the two countries, consider their joint objectives and interests embodied in the articles of incorporation of the Gulf Cooperation Council (GCC),” said a joint statement quoted by Reuters.UAE calls for inclusive climate agenda for COP28
Investing in low-carbon solutions in the energy sector will drive economic prosperity, says UAE Special Envoy for Climate Change Sultan bin Ahmed Al Jaber.EDB, NBF agree to provide credit guarantee and co-lending for SMEs in UAE
The Emirates Development Bank (EDB) has signed an MoU with the National Bank of Fujairah (NBF) to offer credit guarantees and co-lending for SMEs in the UAE. Under the agreement, EDB will provide credit guarantees or a co-lending program to the NBF's SME customers. NBF will offer up to AED10...What are the most recent retail trends?
With the retail sector rebounding in the UAE, Cyrille Fabre, a partner and director with the Middle East arm of Bain & Company, highlights what’s fueling the growth.UAE top diplomat on first Syria visit in over a decade
The visit is widely seen as a sign of regional efforts to end Assad's diplomatic isolation as Syria grapples with a spiralling economic crisis.Mercer says UAE firms to hire more staff next year
UAE firms are expected to hire more staff and increase salaries next year to attract and retain talents as the economic conditions improves, according to a report by Mercer.Mashreq Bank of UAE reports 25% drop in net profit to $72m
Mashreq Bank, the UAE lender, has seen its net profit drop off by a quarter in the first nine months of the year despite a strong growth in operating income.ADNOC Distribution’s Q3 profit is $144m
The profit is 21 percent lower than Q3 2020 due to a lower fuel margin.Saudi forces arrive in UAE for ‘One Destiny/1’ exercise
In order to boost military cooperation, and to exchange military expertise, members of Royal Saudi Land Forces arrived in the UAE for the "One Destiny/1" exercise with the UAE Land Forces, which will be held for three weeks.UAE and Cyprus look at ways to boost trade, cooperation
Foreign ministers of the United Arab Emirates and Cyrus reviewed bilateral relations and ways to boost trade between the two countries at a meeting in Nicosia.Standard Chartered starts sustainable account in UAE, Aldar first to open it
Abu Dhabi-based developer Aldar Properties became the first corporate in the UAE to open a sustainable bank account started by Standard Chartered in the emirates for large corporates. The bank has said that deposits in the accounts are used to fund sustainable projects based on its Green and Sustainable Product...National Bonds ups stake in Taleem
Taleem Holdings is one of the largest education providers in the Middle East.Dubai’s transport infrastructure projects saved AED220 billion: RTA
This was revealed by the Director-General, Chairman of the Board of Executive Directors of the Roads and Transport Authority (RTA) attar Mohammed Al Tayer during his keynote speech at the 18th IRF (International Road Federation) World Meeting and Exhibition, titled "Roads to Tomorrow: Dubai’s Pathway to Sustainable Mobility" on Monday.UAE’s Zayed University and Israel’s Haifa University sign cooperation pact
Zayed University of UAE and Haifa University of Israel have signed an MoU for cooperation on projects promoting research, education, outreach, and capacity building. Under the pact, both the universities aim to exchange knowledge and academic best practices. The parties agreed to have joint-research projects besides organizing mutually beneficial events,...Etihad Rail completes construction of UAE network’s first marine bridge
Etihad Rail has completed the construction of a rail bridge connecting Khalifa Port with the UAE National Rail Network. The 1-km bridge is part of Package B of Stage Two of the network and will play an important role in improving the transportation of goods in the region and reducing...Colombia starts business forum at Expo 2020
The Matchmaking Forum is one of the most important commercial initiatives of ProColombia, which is being organized at Expo 2020 Dubai as part of the Colombian national strategy to take advantage of Free Trade Agreements and to promote the exports of the country’s companies.Abu Dhabi Chamber discusses partnerships with Azerbaijan official
Two sides discussed the prospects of boosting trade exchange and the flow of goods between the two countries.UAE enters into cooperation with Indonesian sovereign fund
The United Arab Emirates and Indonesia’s State Wealth Fund has signed a new agreement to allow funds from the former to invest in a variety of high-yielding financial products, according to media reports.YahSat Q3 profit down 38 percent
YahSat said its contracted future revenues are over $2 billion.Colombia targets $1bn trade and direct flights with UAE
Colombia sees the UAE as a potential partner for growth in bilateral trade, economy, and tourism.UAE well-being indicator has achieved progress, says minister
Hessa bint Essa Buhumaid, Minister of Community Development and Chairwoman of Digital Wellbeing Council, said that the UAE well-being indicator achieved progress in social, healthcare, educational and economic aspects.UAE stocks lead higher, mixed show by Saudi index
TASI fluctuated during the week, owing to a rise in Aramco shares. The energy giant's net income grew to $30.4 billion in Q3.UAE’s top golfer stays in contention for tourney
Ahmad Skaik, who is the sole representative of the host UAE and the Gulf region, said he was happy to be in the tournament still because had not been playing well.UAE unveils hydrogen leadership roadmap
Green hydrogen is envisaged to play a significant role in UAE’s domestic strategy to meet the UAE 2050 Net-Zero goals.ECI and Indonesia Re sign agreement to boost exports and investments
Etihad Credit Insurance and Indonesia Re, the state-owned reinsurance agency of Indonesia, have signed an MoU to boost bilateral exports and investments through their trade credit insurance, reinsurance and guarantees. Under this agreement, the two agencies will work on easing trade and export between UAE and Indonesia, facilitating access of...Lebanon PM Najib Mikati urges action to mend Gulf row, govt paralysis
The government is breaking at the seams over a series of disputes involving a probe into last year's monster port blast, and remarks by Information Minister George Kordahi over the Yemen war that sparked reprisals from Saudi Arabia and its allies.Dubai cyclists hit the desert as sport gains traction
Abu Dhabi's Formula One circuit is handed over to cyclists several times a week, with other tracks available across the emirate.GMIS, FAB to enhance SME’s access to finance, drive industrial growth
The Global Manufacturing and Industrialisation Summit (GMIS) announced on Thursday a partnership with First Abu Dhabi Bank (FAB), that will explore the latest trends and opportunities to improve access to finance for Small and Medium Enterprises (SMEs) and drive sustainable industrial growth both globally and in the UAE. Through joint...UAE, Spain seek to increase collaboration in life sciences sector
The UAE hosted its second "Sci-Tech Virtual Tour" for a high-level Spanish delegation to highlight the country’s economic and scientific achievements.$4 bn US-UAE effort to help farming adapt to climate change
During the UN talks in Glasgow, Scotland, the two countries launched the Agriculture Innovation Mission for Climate.Saudi Arabia and UAE join calls against Sudan coup
Saudi Arabia and the UAE have joined the United States and Britain Wednesday in urging the leaders of last week's military coup in Sudan to restore the civilian government. The united front with the two Arab powers comes amid hopes that the military can be persuaded to accept a climbdown.Arab nations’ pledge bolsters COP26 message
The UAE, Saudi Arabia, and Egypt have made some strong climate-action pledges at or before COP26.UAE and IRENA launch $1 billion clean energy finance platform
The UAE and the International Renewable Energy Agency (IRENA) on Wednesday announced the Energy Transition Accelerator Financing (ETAF), a new global climate finance facility to accelerate the transition to renewable energy in developing countries. The UAE committed $400 million in funding provided by the Abu Dhabi Fund for Development (ADFD)...UAE provides $10m in aid to Turkey
The United Arab Emirates has announced the provision of $10 million to contribute to the reconstruction of some Turkish regions that were affected by wildfires and floods that swept through these areas.UAE accounts for 40% of Netherlands’ exports to GCC: Dutch minister
Tom de Bruijn’s comments came during a business forum hosted in Dubai as part of a high-level trade mission to the UAE joined by 50 leading Dutch companies active in key sectors such as water, energy, food, urban design and logistics. The minister described the forum and Expo 2020 Dubai...Bahrain urges its citizens to leave Lebanon
Lebanese Information Minister George Kordahi triggered the dispute with an interview recorded in August and aired last week. In it, he said that Yemen's Iran-backed Huthi rebels were "defending themselves... against an external aggression". Lebanon on Monday called for talks with Saudi Arabia to ease the dispute.‘Oil unlikely to hit US$100 in 2022’
The oil prices would average US$70 per barrel in 2021, Garbis Iradian, chief economist for MENA at IIF, tells TRENDS in an exclusive interview.SHUAA’s insurance assets grow to $136m
The firm expects the assets to reach $500m within three years.




















































