Major markets in the United Arab Emirates (UAE) ended lower on Thursday as rising coronavirus cases in the country dented sentiment, although Dubai and Abu Dhabi shares notched weekly gains. Jan 21 …
UAE Approves Russia’s Sputnik Covid-19 Vaccine for Emergency Use
The United Arab Emirates approved Russia’s Sputnik V vaccine for emergency use on Thursday, amid a surge in coronavirus cases in the Gulf nation.
Trump removes tariffs on aluminum from UAE shortly before leaving office
In his final hours as president, Donald Trump lifted a 10 percent tariff on aluminum from the United Arab Emirates (UAE).
UAE Phone Operators Surge on Plan to Raise Foreign Ownership
The two main phone operators in the United Arab Emirates surged after saying they may raise limits on foreign ownership, joining others in the region seeking to attract more overseas investment.
Egypt and Qatar agree on resuming diplomatic relations – Cairo
Egypt and Qatar have agreed to resume diplomatic relations, the Egyptian foreign ministry said on Wednesday. The move follows an agreement between Saudi Arabia, United Arab Emirates, Bahrain and Egypt …
Trump lifts tariffs on aluminum imports from UAE effective Feb. 3
Outgoing President Donald Trump on Wednesday said he would exempt the United Arab Emirates from a 10% tariff imposed on most aluminum imports in 2018, saying the two countries had reached a quota …
UAE signs papers to buy 50 F-35 jets and up to 18 drones, sources
The United Arab Emirates has signed an agreement with the United States to purchase 50 F-35 jets and up to 18 armed drones, people familiar with the situation told Reuters on Wednesday. Reporting by …
UAE’s FAB to buy Egyptian business of Lebanon’s Bank Audi
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 …