First Abu Dhabi Bank has agreed to buy the Egyptian business of Lebanon’s Bank Audi in a deal which will make the largest lender in the United Arab Emirates also one of the biggest foreign banks in …
GCC ties: Qatar suspends WTO dispute with UAE
Qatar has suspended its case at the World Trade Organization against the United Arab Emirates over measures it said were designed to isolate Qatar economically. The suspension, announced in a document …
UAE targets carbon-capture hydrogen to reduce greenhouse emissions
The United Arab Emirates will use carbon-capture technologies to create what’s known as blue hydrogen on its path to becoming a major exporter of the fuel, Sultan Al Jaber, CEO of Abu Dhabi National …
Qatar suspends WTO dispute with UAE as Gulf conflict thaws
Qatar has suspended its case at the World Trade Organization against the United Arab Emirates over measures it said were designed to isolate Qatar economically.
UAE Targets Low-Cost Blue Hydrogen to Cut Emissions by 24%
Oil and natural gas producer the United Arab Emirates aims to become one of the world’s lowest-cost producers of hydrogen, helping in the Middle Eastern state’s effort to slash polluting carbon …
In Gulf’s Tug-of-War Over Multinationals, UAE Looks to Keep Edge
The United Arab Emirates can stand its ground against Saudi Arabia’s effort to redraw the Gulf’s corporate map by enticing multinationals to move their headquarters to Riyadh, according to Abu Dhabi’s …
Egypt, UAE resume first Qatar flights after blockade
The first direct flights between Qatar and two of the blockading nations – Egypt and the United Arab Emirates – took to the skies on Monday following the end of a three and a half year regional crisis …
Pakistan in a spot of bother as UAE could also seek early repayment of loan
Pakistan is facing the possibility of being asked to pay up the loan taken from United Arab Emirates. Months back Saudi Arabia too had sought an early repayment of the USD 3 billion loan.
Saudi Arabia’s Top Bank Follows UAE Rivals to Dollar Bond Market
Saudi Arabia’s National Commercial Bank hired advisers to tap the dollar bond market, joining rivals in the neighboring United Arab Emirates to take advantage of investors’ appetite for yield. The …
Clock ticking on $1b UAE cash facility
ISLAMABAD: The United Arab Emirates (UAE) has not yet indicated that it wants to withdraw $1 billion cash support – maturing next week – to Pakistan. The facility can be exten …