World

Reem bint Ibrahim Al Hashemy, Minister of State for International Cooperation, has visited the Malaysian-Saudi-Emirati field hospital in the Rohingya refugee camps in Cox’s Bazar, Bangladesh. During her visit, the UAE Minister of State for International Cooperation was briefed on the current situation in the refugee camps. Al Hashemy was …

The UAE is the major trade partner to Vietnam in the Middle East and North Africa while Vietnam is the key trade partner to the UAE in the South East Asia, with two-way non-oil trade reaching US$10.4 billion in 2017, a growth of 18 percent as compared with 2016, according …

The Ajman Chamber of Commerce and Industry participated in the tenth Sarajevo Business Forum, which began yesterday in the Bosnia and Herzegovina capital. The chamber’s delegation included Salem bin Ahmed Al Nuaimi, Deputy Chairman of the Chamber, and Abdullah Saeed Al Nuaimi, Member of the Chamber’s Board of Directors. Al …

H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, said that the UAE has been able to create a robust investment and economic environment due to the clear vision of the country’s leaders. Their keenness to ensure high levels of happiness for residents, visitors and investors, …

North Korea said on Thursday it no longer wanted to deal with U.S. Secretary of State Mike Pompeo and said he should be replaced in talks by someone more mature, hours after it announced its first weapons test since nuclear talks broke down. The North’s official KCNA news agency quoted …

The UAE participated in the fifth edition of the Arab-Russian Cooperation Forum. A ministerial level delegation, headed by Ahmed bin Ali Mohammed Al Sayegh, Minister of State, and with the attendance of Juma Mubarak Al Junaibi, UAE Ambassador to Egypt and Permanent Representative to the Arab League, took part in …

The UAE Banks Federation, UBF, has discussed bilateral relations between the banking sectors of the UAE and Italy, and explored mutual opportunities for their respective financial institutions to work together. This came during a roundtable session hosted by the UBF for a high-level Italian delegation, which brought together over 25 …

Nearly 100 Kenyan women participants took part in the first-ever training programme organised by the UAE Ministry of Foreign Affairs and International Cooperation, MoFAIC, Youth Council in the Kenyan capital, Nairobi. The UAE’s Ambassador in Kenya, Khalid Khalifa Al-Mualla, and Hashim Mohamed, Principal and CEO Kenya Utalii College participated in …

A delegation of 70 businessmen from the UAE led by the Dubai Chamber of Commerce and Industry, recently concluded a trade mission to Panama aimed at exploring emerging business opportunities in Latin America through the regional trade hub. The visiting delegation met with key stakeholders from the Panama’s public and …

President Emmanuel Macron pledged on Tuesday that France would rebuild the fire-devastated Notre-Dame de Paris cathedral, saying he hoped the work would be done in five years and the French people would pull together to repair their national symbol. Macron devoted a brief prime-time televised address to Monday’s catastrophic blaze …

 By Gouthama Siddarthan*   The famous school of post-modernist art and literary thought enjoins one to study a work of art not only from just an artistic perspective but also from a multi-dimensional viewpoint which will ferret out the subtle features of the work. We are living in a critics’ …

Hamdan Bin Mohammed Smart University (HBMSU) has announced the signing of a strategic Memorandum of Understanding (MoU) with global wellness pioneer Delos, to become the university’s official partner in its ongoing move to launch the Middle East region’s first innovation and economic free zone. The move falls in line with …

Sultan bin Saeed Al Mansouri, Minister of Economy, discussed ways of reinforcing the economic and commercial ties between the UAE and the Czech Republic, as well as partnership opportunities and the exchange of expertise between their public and private sectors, to serve their economic goals. The discussion took place during …

Abu Dhabi Securities Exchange, ADX, the region’s leading financial market, recently hosted a delegation from the French Business Group – Abu Dhabi in which the operational framework, vision, mission, and investment opportunities at ADX was highlighted to the delegation. Members of senior management attended the event from both sides. Abdul …

Dubai Cares has pledged AED7,347,000 (US$2 million) to support Mozambique in response to Cyclone Idai. The announcement came during the World Bank and IMF Spring Meetings in Washington D.C. that took place between 8th and 14th April. At the Education Cannot Wait’s High Level Steering Group Meeting, Dubai Cares took …

By Emad El-Din Aysha, PhD   This is a different review than any other I’ve written to date. The reason is, I’m a proud participant in the book in question – The Worlds of Science Fiction, Fantasy, and Horror volume IV! This is an anthology, and a big one at …

Turkish Finance Minister Berat Albayrak held talks with U.S. President Donald Trump on Monday and he said Trump took a “reasonable” stance regarding Turkey’s planned purchase of a Russian air defense missile system, Turkish media reported. Ankara’s plan to buy the S-400 system has fueled tensions between the NATO allies …

Minister of Mines and Petroleum of Afghanistan Nargis Nehan has announced 43 new large and small-scale mining projects available for private sector investment and development. In a keynote address at the ongoing Afghanistan Mining Investment Forum at Dubai International Financial Centre, the Afghan minister further highlighted 14 new opportunities open …

His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, has received a delegation from the Shanghai Guozhi Group, led by its General Manager Ge Chuan Bao. His Highness was briefed by the delegation on the Chinese company’s …

Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority, DEWA, received at the Authority, a high-level delegation headed by Luigi Di Maio, Deputy Prime Minister and Minister of Economic Development and Labour of Italy. The delegation included Manlio Di Stefano, Deputy Minister of Foreign Affairs and …

The Central Bank of the UAE, CBUAE, and Bank of Korea, BOK, have renewed their Bilateral Currency Swap Agreement, BCSA, which was originally signed in October 2013 at a value of US$5.4 billion, reaffirming their commitment towards promoting trade and financial cooperation between the two countries. The agreement, which contributed significantly …

Iran will ask the international community to take a position on the U.S. designation of its Revolutionary Guards as a terrorist organization, Foreign Minister Mohammad Javad Zarif was cited as saying on Sunday. Iran condemned U.S. President Donald Trump’s step last week as illegal. The Islamic Revolutionary Guards Corps (IRGC) …

DAMAC International has secured a development financing package of GBP175 million for London’s landmark project, DAMAC Tower at Nine Elms. The partnership marks a major vote of confidence in the United Kingdom, at a time of heightened political and economic uncertainty. The securing of the ₤175 million across three major …

Abu Dhabi Securities Exchange, ADX, has recently taken part in the fifth edition of the World Forum of Central Securities Depositories, WFC. The forum, which took place from 8th to 12th April in Marrakesh, Morocco, hosted about 20 meetings and workshops, managed and presented by over 40 experts and specialists …

DAMAC International has secured a development financing package of GBP175 million for London’s landmark project, DAMAC Tower at Nine Elms. The partnership marks a major vote of confidence in the United Kingdom, at a time of heightened political and economic uncertainty. The securing of the ₤175 million across three major …

The third edition of the Global Business Forum, GBF, on Latin America, organised by Dubai Chamber of Commerce and Industry (Dubai Chamber), concluded today in Panama City with a call from government and business leaders to capitalise on new trade and investment opportunities that are emerging in the Latin America …

The UAE Parliamentary Division has highlighted the country’s efforts in the field of empowering youth, during its participation in the UN Economic and Social Council Youth Forum, which concluded yesterday in New York. During a roundtable session, titled, “Youth 2030: Working with Youth,” Saeed Saleh Al Rumaithi, Federal National Council, …

A delegation from Puntland Province led by Said Deni, President of the Province, has visited the Abu Dhabi Chamber of Commerce and Industry, to explore its services and discuss opportunities for commercial cooperation between their business communities. Hilal Mohammed Al Hamli, Deputy Director-General of the Chamber, said that the visit …

WikiLeaks founder Julian Assange was arrested on Thursday by British police and carried out of the Ecuadorean embassy, where he has been holed up for nearly seven years to avoid extradition to Sweden over a sexual assault investigation. A video posted online showed an agitated, frail-looking man with white hair …

H.H. Sheikh Ammar bin Humaid Al Nuaimi, Crown Prince of Ajman, has received Maszlee bin Malik, Malaysian Minister of Education, and his accompanying delegation, who are currently visiting the country. During the meeting, the two sides explored ways of fostering bilateral ties, especially in the education sector, and means to …

The UAE has always been keen on respecting international humanitarian laws, a top Ministry of Foreign Affairs and International Cooperation official has affirmed, citing the UAE Federal Decree-Law No. 12 of 2017 on International Crimes. “If nations are finding it hard to prevent wars or conflicts, then there needs to …

Dubai Customs has announced the launch of a smart channel dedicated to Expo 2020 Dubai, providing customs services to exhibitors taking part in the global event. The ‘Expo 2020 Smart Customs Channel’ provides exhibitors with customs services via their smart mobiles and devices around-the-clock, which will help exhibitors finalise their …

His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and President Muhammadu Buhari of Nigeria, discussed bilateral ties across multiple sectors, and exchanged views on issues of common interest. In a meeting held on Tuesday in Abu …

As the urgency to take bold climate action grows, a new analysis by the International Renewable Energy Agency (IRENA) finds that scaling-up renewable energy combined with electrification could deliver more than three quarters of the energy-related emission reductions needed to meet global climate goals. According to the latest edition of …

A delegation from the UAE, headed by the Telecommunications Regulatory Authority, TRA, is participating in the “World Summit on the Information Society Forum,” which is being hosted by the Swiss city of Geneva from 8th to 12th April. The UAE delegation includes the Khalifa Empowerment Programme, Aqdar, the Ministry of …

The Serbian capital, Belgrade, today hosted the ministerial meeting of the first session of the “UAE-Serbia Joint Committee.” The meeting was headed by Dr. Sultan bin Ahmad Sultan Al Jaber, Minister of State, and Siniša Mali, Minister of Finance of Serbia. The UAE delegation included several officials representing various federal …

President Vladimir Putin said on Tuesday that Russia and OPEC should discuss the future of their oil output-cutting deal later this year, adding that current oil prices suited Moscow. The Organization of the Petroleum Exporting Countries and other large oil producers led by Russia agreed to reduce their combined output …

London-based Standard Chartered PLC has agreed to pay $1.1 billion to U.S. and British authorities for illegal financial transactions involving Iran and other sanctioned countries, several government agencies announced on Tuesday. A former banker at the Dubai branch pleaded guilty in New York state court in connection with the conspiracy …

The wealth of trade and business opportunities available in the rapidly expanding Latin America and the Caribbean regions will be in the spotlight when the third Global Business Forum (GBF) on Latin America commences tomorrow, April 9, in Panama City under the theme “Next Hubs, New Regions.” Organised by Dubai …

H.H. Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah, has underlined the paramount significance of the recent achievement notched by the emirate on the World Bank’s Doing Business 2019 Report. According to the ‘Doing Business 2019 in Ras Al Khaimah’ report, the emirate …

His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, received today Chechen President, Ramzan Kadyrov, who is currently visiting the country. During the meeting, held at Qasr Al Bahr Majlis, His Highness Sheikh Mohamed welcomed Kadyrov and …

Mubadala Investment Company and Carlyle Group today announced that funds affiliated with Carlyle will acquire a significant minority interest in Compania Espanola de Petroleos, Cepsa, from Mubadala. Headquartered in Madrid, Spain, Cepsa is Europe’s largest privately-owned integrated oil and gas company. As part of the agreement, Carlyle will acquire a …

Russia and Turkey will continue their efforts to establish peace in Syria, Russian President Vladimir Putin said after talks with Turkish President Tayyip Erdogan in Moscow on Monday. Putin also said he and Erdogan discussed the supply of S-400 missile systems to Turkey. Source: Reuters

Qatar said on Monday it had filed lawsuits against three banks, accusing them of using what it called overseas currency manipulation to sabotage its economy in the wake of an Arab boycott against the country in 2017. The cases, filed in London and New York, name Luxembourg-based Banque Havilland, the …