UAE says no more 'niceties' with Iran, seeks clarity on fragile truce terms The UAE said Iran must pay “compensation” for damages incurred during the conflict. United Arab Emirates
Newsletter: City Pulse Dubai UAE’s ‘Washwasha’ brings sound, memory to Venice Biennale Also this week: New wine bar VNTG opens and ‘All at Once’ lands in Dubai. By Rebecca Anne Proctor In Dubai, reporting on culture
Iran hits Gulf, threatens truce as Israel escalates in Lebanon: What to know Iranian attacks continued in the United Arab Emirates, Saudi Arabia and Kuwait hours after a ceasefire between Iran and the US was announced. Iran
Gulf nations in line of fire brace for Iran escalation: What to know A bridge linking Saudi Arabia to Bahrain was briefly closed as Iran escalates its attacks in the Gulf ahead of a looming US deadline to reopen the Strait of Hormuz. United Arab Emirates
Analysis Hostage to Hormuz, can Gulf rewire future energy flows to bypass Iran’s chokepoint? By Samuel Wendel In Washington, DC, reporting on regional business and tech
UAE port operator DP World's profits fall 60% amid Yemen's Houthi Red Sea attacks The Dubai-based logistics firm reported $265 million in profit for the first half of 2024 ending June 30, down from $651 million the same time last year. United Arab Emirates
Netflix in crosshairs as Middle East streaming competition mounts Samuel Wendel In Washington, DC, reporting on regional business and tech
Interview Nomo Bank sees increasing appetite for Islamic investments, ETFs Paul Szumilewicz, chief revenue officer at UK-based Nomo Bank, said there is a growing demand from the bank’s clients to invest in exchange-traded funds (ETFs) — a pre-defined group of bonds, stocks or commodities poured into a fund and listed on the stock exchange. Paul Szumilewicz Nomo Bank Chief Revenue Officer
Analysis How Morocco-UAE economic agreement could usher in new era of bilateral trade With its CEPA program, Abu Dhabi is not only expanding its network of trade and investment partners; it is getting closer to achieving its strategic goal of increasing its non-oil foreign trade. By Sabena Siddiqui In Karachi, reporting on South Asia, Middle East, Iran
Who is Faisal Taghi, alleged drug kingpin extradited from UAE to Netherlands? The UAE and the Netherlands have an extradition treaty, though another alleged drug trafficker sought by the European country was recently released from Emirati custody. United Arab Emirates
Gulf investment in UK real estate to hit $4B annually, says BLME Research predicts that demographic trends and supply shortages will make the UK's real estate sector a more popular option for investors in the future. Saudi Arabia
GCC’s renewable energy push pays off with Qatar, UAE taking lead Several Gulf states rank relatively high on the World Economic Forum (WEF) Energy Transition Index, reflecting their efforts to transition toward renewable energy and reduce their dependence on fossil fuels. Saudi Arabia
UAE, China, Russia, Turkey violating Sudan arms embargo: Amnesty Amnesty International reports foreign countries sending weapons and ammunition to the warring sides in Sudan, where civil war has raged for more than a year. Sudan
UAE's Flydubai says Boeing delays hurt airline’s expansion plans The Virginia-based plane-maker has been beset by plane delivery delays since its best-selling narrow-body aircraft, the 737 MAX, was flagged for safety concerns and experienced technical problems and additional quality control processes. United Arab Emirates
Trump adds to Gulf portfolio with Dubai tower deal The Trump Organization and Dar Global have unveiled a new development, adding to others in Oman and Saudi Arabia this year. United Arab Emirates
Tech investment slump reaching critical stage for cash strapped Middle East startups Samuel Wendel In Washington, DC, reporting on regional business and tech