Home / News / United Arab Emirates

United Arab Emirates

Assad comes in for praise from UAE

The United Arab Emirates’ top diplomat in Syria has praised President Bashar al-Assad for his “wise leadership”, in one of the strongest expressions of support yet from a country that once backed Damascus’ enemies in the civil war. The two restored diplomatic ties last year and the UAE’s vocal support …

Read More »

UAE in bid to buy Brazilian refineries

Brazil’s state-controlled oil company Petroleo Brasileiro SA (PETR4.SA) has selected four groups for the second round of bidding for four refineries up for sale, including China’s Sinopec, Abu Dhabi’s state investor and two Brazilian firms, according to four people with knowledge of the matter. Sinopec, Abu Dhabi’s Mubadala Investment Co …

Read More »

French to build missiles with UAE

France’s MBDA and Dassault Aviation (AVMD.PA) plan to open a missile engineering facility and a flight testing center in the United Arab Emirates, the UAE’s defense and security industry enabler Tawazun Economic Council said on Saturday. The announcement comes on the eve of the biennial Dubai Air Show which begins …

Read More »

Diesel cargo makes it to Yemen from UAE

The third UAE cargo ship carrying 7,200 tonnes of diesel arrived in the Yemeni port of Mukalla in Hadramaut governorate. The fuel consignment will help meet the local energy needs in the governorate. Mohamed Al Amoudi, Undersecretary for Technical Affairs in Hadramaut Governorate, hailed the UAE assistance, thanking the country’s …

Read More »

Mubadala eying debt market

Abu Dhabi state investor Mubadala Investment Co will be looking at the debt markets over the next few weeks amid attractive market conditions, said the fund’s Chief Executive. Khaldoon Khalifa al Mubarak, group chief executive and managing director told Reuters in an interview that Mubadala is also considering participating in …

Read More »

Carlyle Group in UAE, seeking Mubadala

Mubadala Investment Company, the Abu Dhabi-based sovereign investor, and global investment firm The Carlyle Group (NASDAQ: CG) today reached completion of the transaction announced on 8 April 2019. Funds affiliated with Carlyle have acquired 37 percent shareholding in Compañía Española de Petróleos, S.A.U,Cepsa, from Mubadala. Mubadala will remain the majority …

Read More »

UAE ready for zero-carbon buildings

The UAE is on a firm footing to achieve the commitment to net-zero carbon buildings, backed by its comprehensive approach to green buildings and sustainable development, said Saeed Al Abbar, Chairman of the Emirates Green Building Council, EmiratesGBC, at the Global Alliance for Buildings & Construction panel at the 3rd …

Read More »