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Emirates Development Bank rated AA-

Fitch Ratings has affirmed the rating of the Emirates Development Bank (EDB) at AA- The bank’s support rating (SR) has been affirmed at ‘1’ and support rating floor (SRF) has been also confirmed at ‘AA-‘, Fitch said. “The advanced ratings confirms the bank’s distinctive performance and reflects the achievements it …

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Generel visa for Central Asia

Introduction of a single Silk Visa in the territory of the Central Asian region could be the expansion of many-sided beneficial cooperation, the development of the tourism sector, and the strengthening of cultural and economic ties. According to the overwhelming majority of specialists and analysts, the introduction of a single …

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Iran says deadline over for Europeans

Iran said on Wednesday it will start enriching uranium at a higher level in July and won’t give European powers any more time to prevent this move by protecting Tehran from U.S. sanctions. Iran stopped complying in May with some commitments in the 2015 nuclear deal that was agreed with …

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ADNOC partners with OCI N.V

The Abu Dhabi National Oil Company (ADNOC) today announced a new strategic partnership with OCI N.V, which is a global producer and distributor of natural gas-based fertilisers and industrial chemicals, headquartered in the Netherlands. The partnership will see ADNOC combine its fertiliser business, ADNOC Fertilisers, into OCI’s Middle East and …

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UAE and Ethiopia sign MoU

Dr. Amal Abdullah Al Qubaisi, Speaker of the Federal National Council, FNC, and Keria Ibrahim, Speaker of the House of Federation of Ethiopia, today signed a Memorandum of Understanding, MoU, at the FNC’s headquarters. The MoU, which was signed during a discussion session chaired by Dr. Al Qubaisi and Ibrahim, …

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Sanad Aerotech working with Rolls-Royce

Abu Dhabi’s Sanad Aerotech today announced the conclusion of a landmark agreement with Rolls-Royce plc to become a Rolls-Royce Trent 700 Authorised Maintenance Centre, AMC. Sanad Aerotech is a maintenance, repair and overhaul, MRO, provider for aero engines and industrial gas turbines that is wholly owned by Mubadala Investment Company …

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Attractive Uzbekistan

I am an ordinary young man, my great hobby is travelling. I am at the age of 35 and I have visited more than 50 countries all over the world so far. Recently I have visited Uzbekistan – the pearl of the East. Here I would like to share my …

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Tehran sets deadline for Europe over nuclear deal

The time is short for Europe to save the international nuclear deal with Tehran after Washington’s withdrawal, Iranian President Hassan Rouhani said on Monday, according to Fars news agency. “It’s a crucial moment, and France can still work with other signatories of the deal and play an historic role to …

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Iran and Russia planning OPEC meeting, strategy

Iran’s oil minister is scheduled to meet his Russian counterpart in Iran later on Monday, industry sources said, raising hopes of progress in resolving a month-long impasse over when OPEC and its allies will hold their next policy gathering. The Organization of the Petroleum Exporting Countries and partners including Russia, …

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UAE anchor of peace, CICA summit

The United Arab Emirates, since its establishment, has been an anchor for peace and stability in a volatile region that is now in a dire need of immediate solutions to counter extremism and terrorism and promote tolerance and mutual understanding, said a top official of the Ministry of Foreign Affairs …

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World Court rejects UAE claims against Qatar

The United Nations’ highest court for inter-state disputes on Friday rejected a United Arab Emirates request for immediate measures against Qatar in a dispute over alleged discrimination between the Arab neighbors. In a 15-1 vote, World Court judges rejected the UAE’s request for immediate action to keep Qatar from blocking …

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Russia defends Iran over tanker attack charge

Russia on Thursday warned against rushing to attribute blame for a suspected attack on oil tankers in the Gulf of Oman, and said the incident should not be used to stoke tensions with Tehran, Russia’s RIA news agency reported. Two oil tankers were attacked, leaving one ablaze and both adrift, …

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Khamenei insists Itanian nuclear programme peaceful

Iran has no intention of making or using nuclear weapons, Iranian Supreme Leader Ayatollah Ali Khamenei was quoted as saying on Thursday by Japanese Prime Minister Shinzo Abe. Khamenei’s comment, a reiteration of Iran’s stance, comes at a time of increased U.S.-Iranian tension, a year after Washington abandoned an agreement …

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UAE deposits $3 billion in Pakistan

The UAE’s US$3 billion deposit with the State Bank of Pakistan has contributed to alleviating the country’s financial crisis and easing pressure on foreign exchange reserves, according to Pakistan’s State Minister for Revenues. Hammad Azhar made the remarks today as he presented to the National Assembly Pakistan’s general budget with …

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High profile UAE visit to Germany begins

The official visit of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, to Germany that started on Tuesday is expected to strengthen joint diplomatic efforts to find solutions to several regional and international issues, according to …

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Shinzo Abe headed to Iran for crusial talks

Prime Minister Shinzo Abe will meet Iranian Supreme Leader Ayatollah Ali Khamenei and President Hassan Rouhani on a visit to Tehran this week, in a bid to ease tension between Washington and Iran that experts called a bold move for a Japanese leader. Tension has escalated a year after Washington …

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Dubai Cares, launches 3-year programme in Ghana

Dubai Cares, part of Mohammed bin Rashid Al Maktoum Global Initiatives, has announced its support to a three-year teacher training programme in Ghana to upgrade kindergarten education and enable KG schoolchildren to flourish in primary school. The AED1,722,872 (US$469,000) programme, in partnership with Sabre Education, is set to benefit 7,420 …

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Another German bid to ease tensions with Iran

Germany’s foreign minister will meet Iranian President Hassan Rouhani in Tehran on Monday, a German diplomatic source said, as part of a concerted European effort to preserve Iran’s nuclear pact with world powers and defuse rising U.S.-Iranian tensions. A cautious thaw in long antagonistic relations between Tehran and Washington set …

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Lebanese kidnapped by Nigerian gunmen

Gunmen in Nigeria’s oil-rich Rivers state kidnapped two Lebanese workers helping to build a road, a police spokesman told Reuters on Sunday. The workers were abducted on Friday from a site in the Andoni local government area, Rivers state police spokesman Nnamdi Omoni said. “Some people have been invited for …

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