UAE

Ten non-EU Financial Centres Authorised to do Business in the EU

BRUSSELS, Dec 16 – The European Union has authorized a batch of countries outside the bloc to offer clearing and trading of securities to EU firms, under a regime that Britain may also have to use after Brexit. The EU’s executive European Commission said on Friday it has granted so-called equivalence to the clearing houses

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Gulf Cooperation Council Condemns ‘Barbaric Shelling’ of Aleppo

DUBAI – The Arab states of the Gulf, including regional powerhouse Saudi Arabia, condemned on Tuesday what they described as “the barbaric shelling” of Aleppo and called on the United Nations to move quickly to provide relief to the Syrian people. Their statement comes as the rebel hold on Aleppo appeared to end, after months of

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EXCLUSIVE: UAE Foreign Minister Al Gargash on Iran’s Role in the Region

In an exclusive with Newsweek Middle East, UAE Minister of State for Foreign Affairs Dr. Anwar Al Gargash spoke about Iran’s role in the region and the necessity of Tehran changing its behavior to become constructive rather than destructive. Minister Gargash believes “it is doable” to change Iran’s role in the region as long as there

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Ex-CIA Chief Says Trump Risks Blame for an Attack if He Skips Briefings

By Noah Browning DUBAI, Dec 14 – Former CIA director Leon Panetta said on Wednesday that President-elect Donald Trump risked being blamed after any potential attack on the United States if he refused to receive more regular intelligence briefings. U.S. officials told Reuters that Trump is receiving an average of one presidential intelligence briefing a

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France, UAE Launch Fund to Protect Monuments in Conflict Areas

DOHA, Dec 3 – France and the United Arab Emirates on Saturday launched a $100 million fund to protect heritage sites threatened by extremism and conflict after the destruction last month of an ancient palace by Daesh militants in Iraq. The fund, announced at an Abu Dhabi conference attended by President Francois Hollande and Abu

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Emirati Abdulrahman Named Asia Player of the Year

Dec 2 – United Arab Emirates playmaker Omar Abdulrahman’s disappointment at failing to win the Asian Champions League with Al Ain last weekend was tempered when he was named the continent’s best player on Thursday night. Abdulrahman’s club were beaten 3-2 on aggregate by South Korea’s Jeonbuk Motors with the midfielder nonetheless named the tournament’s

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Seven Emirates, One Nation

The United Arab Emirates turns 45 on December 2nd By Arfa Shahid and Leila Hatoum In early February 1968, Sheikh Rashid bin Saeed Al Maktoum and Sheikh Zayed bin Sultan Al Nahyan, the late rulers of Dubai and Abu Dhabi respectively, agreed to establish a union between their emirates. The idea had been debated long before 1968, and

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EXCLUSIVE: Interview with UAE’s Minister of Tolerance

Advocating tolerance: H.E. Sheikha Lubna Al Qasimi sits down for an exclusive interview with Newsweek Middle East By Irene Hell “Sometimes I think it is mindboggling… when all of a sudden you find a teenager who left home because he wanted to fight in Syria, and you think what have I done to my child? Why

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The Borrowing Spree

Arab Gulf oil exporters to issue more debt in 2017 By Martin Dokoupil  Arab Gulf oil exporters are likely to continue borrowing heavily from international markets over the coming years as fiscal gaps in most countries are expected to remain large with a marked recovery in oil prices not on the cards for the foreseeable future. But

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The Dubai Effect

The emirate leads regional hospitality and tourism sectors with new attractions and innovative products By Yahia Idris With the latest opening of the Dubai Water Canal and the developments surrounding it, the emirate has once again proved to the world that a leadership with a vision will continue to set top-tier achievements and create breathtaking

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