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Oman and UAE in bilateral talks

H.H. Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, today met with Yusuf bin Alawi bin Abdullah, the Sultanate of Oman’s Minister Responsible for Foreign Affairs, to review ways of further boosting relations between the two sisterly countries across all fields. The meting, which took …

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DP World aquiring port in Chile

Major port operator DP World DPW.DI said on Sunday it had agreed to acquire a 71.3 percent stake in Chile’s Puertos y Logistica (Pulogsa) (PUE.SN) from Minera Valparaiso and other shareholders associated with the Matte Group. Pulogsa operates a long-term concession for Puerto Central in San Antonio and owns and …

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Yemeni refinery fire spreads uncontrollably

A fire at a refinery in Yemen’s southern port city of Aden spread to a second storage tank on Saturday, injuring six people, sources at the refinery said. They told Reuters that civil defense forces had failed to contain the fire sparked by an explosion on Friday. The cause of …

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Israeli jets fires missiles at Damascus airport

The Syrian state news agency said Israeli warplanes fired a number of missiles toward the Damascus area on Friday, triggering Syrian air defense that shot down most of them. “The results of the aggression so far were limited to a strike on one of the warehouses at Damascus airport,” the …

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Energy transition for UAE and world

Dr. Thani bin Ahmed Al Zeyoudi, Minister of Climate Change and Environment stressed the importance of expediting the deployment of renewable and clean energy around the world to help achieve sustainable development. Addressing the ninth session of the Assembly of the International Renewable Energy Agency (IRENA), the minister said: “Energy …

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Bank reserves on rise in UAE

Total banks’ reserves at the Central Bank of the United Arab Emirates increased to AED283.4 bn by the end of November 2018, a growth of 4.3 percent from AED271.6 bn during the same month of 2017. The growth reflects the robust solvency position of the UAE banking sector and its …

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France warns Iran over basslistic missile research

France on Friday called on Iran to immediately stop all activities linked to ballistic missiles that could carry nuclear weapons after Tehran said it could put two satellites into orbit in the coming weeks. “France recalls that the Iranian missile program is not conform with U.N. Security Council Resolution 2231,” …

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US begins to pull out of Syria in earnest

The U.S.-led coalition against Islamic State has begun the process of withdrawing from Syria, a spokesman said on Friday, indicating the start of a U.S. pullout that has been clouded by mixed messages from Washington. U.S. President Donald Trump’s announcement last month that he had decided to withdraw 2,000 U.S. …

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Iranian foreign ministers blasts Pompeo claims

Iran’s foreign minister mocked U.S. Secretary of State Mike Pompeo’s speech on Thursday in which he said “when America retreats, chaos follows,” by asserting the opposite was true. “Whenever/wherever US interferes, chaos, repression and resentment follow,” Mohammad Javad Zarif wrote on Twitter. “The day Iran mimics US clients & @SecPompeo’s …

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Houthis deploying drones against coalition forces

Houthi drones on Thursday attacked a Yemeni government military parade in Lahaj province, killing several people, Saudi and Houthi media reported. The Houthis said in November they were halting drone and missile attacks on Saudi Arabia, the United Arab Emirates and their Yemeni allies, but tensions have risen recently over …

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Big housing drive announced in UAE

The Vice President, Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, stated that the UAE, under the leadership of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, prioritises the quality of life of its citizens, while its government has prioritised housing and is …

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Iran to reciprocate EU intelligence sanctions

Iran will reciprocate after the European Union put two Iranians on a terrorist list, Foreign Ministry spokesman Bahram Qassemi said on Wednesday. The European Union earlier said it had added two Iranian individuals and the directorate for internal security of the Iranian Ministry for Intelligence to the bloc’s terrorist list, …

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Saudi private jet industry hit by corruption probes

A crackdown on corruption in Saudi Arabia has severely dented the kingdom’s private jet industry in a sign of the impact the campaign has had on private enterprise and the wealthy elite. Dozens of planes, owned by individuals and charter companies and worth hundreds of millions of dollars, are stranded at …

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