UAE

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President of Azerbaijan arrives on working visit in UAE

President of Azerbaijan arrives on working visit in UAE

President of the Republic of Azerbaijan Ilham Aliyev arrived in Abu Dhabi on a working visit at the invitation of the President of the United Arab Emirates (UAE), Sheikh Mohamed bin Zayed Al Nahyan. A guard of honor was lined up in …

OPEC+ capacity plunges by 3.7 mn barrels per day

OPEC+ capacity plunges by 3.7 mn barrels per day

Today, UAE Minister of Energy Suhail al-Mazrouei announced the reduction in oil production capacity of OPEC + countries by 3.7 mn barrels per day. The main reason is underinvestment in 2020-2022. "OPEC+ countries produce up to 40% …

UAE announces new guidance to control money laundering

UAE announces new guidance to control money laundering

The Central Bank of the United Arab Emirates issued new guidance on money laundering and terrorism financing on Wednesday in an effort to counter global criticism of the country for being soft on the issue.  …

Netanyahu plans to make first official trip to UAE

Netanyahu plans to make first official trip to UAE

Israeli Prime Minister Benjamin Netanyahu is planning to officially visit the United Arab Emirates for the first time, sources close to the premier confirmed to The Times of Israel on Monday. The visit, which would be …

Azerbaijani and UAE FMs hold phone talks

Azerbaijani and UAE FMs hold phone talks

A phone conversation has been held between the Azerbaijani Foreign Minister Jeyhun Bayramov and the Minister of Foreign Affairs and International Cooperation of the UAE Sheikh Abdullah bin Zayed Al Nahyan, the Foreign Ministry of Azerbaijan …

The year of the fintech just getting started in Persian Gulf

The year of the fintech just getting started in Persian Gulf

The rise of technological advancements in the Middle East has spun across all sectors, with financial technology becoming a trademark for innovation. The fintech sector has become one of the most important industries in the world, gaining the …

Green hydrogen: The answer to the world's energy woes?

Green hydrogen: The answer to the world's energy woes?

The green hydrogen revolution is swiping across the gulf states. In 2021, the UAE inaugurated the Gulf's first ever "green hydrogen" plant. KSA based ACWA Power, has nearly completed financing for a $5bn green-hydrogen …

Azerbaijan ranks among safest countries in world for tourists

Azerbaijan ranks among safest countries in world for tourists

International SOS, a health and security risk services company, has made a rating forecast for the countries' safety for tourists for 2023. According to the rating, the leaders in security are: Switzerland, Slovenia, Finland, …

Israel-UAE Comprehensive Partnership Agreement ratified

Israel-UAE Comprehensive Partnership Agreement ratified

The United Arab Emirates (UAE) and Israel ratified a comprehensive partnership agreement, UAE Minister of State for Foreign Trade, Thani bin Ahmed Al Zeyoudi, informed. "The UAE-Israel Comprehensive Partnership Agreement has now …

Georgia to simplify trade with UAE

Georgia to simplify trade with UAE

According to the Georgian government, the second round of talks between Tbilisi and Abu Dhabi on trade liberalization has recently been held in Dubai. The talks are aimed at signing an agreement on comprehensive economic cooperation early next …

Rashid rover to reach the Moon

Rashid rover to reach the Moon

The UAE has completed the final preparations to launch its rover to the moon in the Arab world’s first lunar mission

UAE plans global energy push with $150 bln of spending

UAE plans global energy push with $150 bln of spending

The United Arab Emirates’ main energy company will boost investment to $150 billion over the next five years, speed up an increase in oil-production capacity and list some of its natural gas business. Abu Dhabi National Oil …

Iran's non-oil exports increase 4.4% in 8 months yr/yr

Iran's non-oil exports increase 4.4% in 8 months yr/yr

The value of Iran’s non-oil export rose 4.44 percent during the first eight months of the current Iranian calendar year (March 21-November 21), as compared to the same period of time in the past year, the spokesman of the Islamic Republic …