Russia's BRICS summit: Gulf states seek influence as Iran, UAE debut as members

Saudi Arabia’s crown prince will not be in attendance but has sent his foreign minister. Expansion of the group and adoption of a new currency are on the three-day agenda.

United Arab Emirates

Russia-linked LNG tankers transferred to new UAE firm amid sanctions pressure

The three vessels — Velikiy Novgorod, Pskov and La Perouse — were transferred in September to a new Dubai-based company called Matias Ship Management, according to shipping data website Equasis.

United Arab Emirates

Gulf governments silent as Iran, proxies mourn Hamas' Yahya Sinwar

Regional governments have not commented on Hamas chief Yahya Sinwar’s killing by Israeli forces in Gaza, but Iran and its proxy groups mourned his death, vowing that the resistance against Israel will continue.

Palestine

Analysis

What UAE's Edge expansion into space means for country's military industry

Abu Dhabi has recently seen a significant boost in its domestic defense and aerospace capabilities, thanks to its nation-based conglomerate, EDGE. This month, the group launched its new space company, FADA, marking a milestone in enhancing the Emirati’s status in the strategic space sector.

By Francesco Schiavi

In Bologna, reporting on security, defense, economy, governance

WFP to send aid ship to feed displaced in Lebanon

The UN food agency is raising the alarm over food insecurity and a harsh winter in the Levant as the conflicts in Gaza and Lebanon continue.

Israel

UAE’s AD Ports Group inks major deal with China

Political and economic cooperation between the United Arab Emirates and China is growing, with robust trade ties and a visit by the Chinese premier to the Gulf state.

United Arab Emirates

Gulf sovereign investors unshaken by Middle East wars but opt for global markets

Gulf Cooperation Council investors accounted for 40% of deals made by sovereign investors globally in 2023 and 2024.

United Arab Emirates

Investors undeterred as Dubai’s real estate bubble risks increase in 2024

As players line up to capitalize on Dubai real estate, the city’s record-breaking boom stands out in annual UBS ranking of hot global property markets.

United Arab Emirates

Abu Dhabi’s sovereign funds ranked wealthiest in world with $1.7 trillion

The assets of Gulf sovereign funds have risen considerably in recent years, in large part due to the UAE and Saudi Arabia.

United Arab Emirates

Middle East startups see 34% uptick in global investors

Data firm MAGNiTT reported Tuesday that the Middle East far outperformed other markets and regions, including Africa and Southeast Asia, which saw steeper drops.

Saudi Arabia

Las Vegas gambling operator Wynn Resorts to open first UAE casino

The UAE is looking to lure gaming tourists with the development of a large casino in the northern emirate of Ras al-Khaimah.

United Arab Emirates

Analysis

Israel-UAE trade to hit $3.3B in 2024 as wars in Lebanon, Gaza continue

Despite a growing Arab public backlash against economic ties with Israel, and politically strained ties between the UAE and Israel since the Gaza war, bilateral trade has continued across the technology, tourism and agriculture sectors.

By Jennifer Gnana

In Dubai, reporting on Gulf energy policy and politics