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Robot-advisory application for Dubai commercial banking

Commercial Bank of Dubai (CBD) has launched a robo-advisory investment application, as demand for online trading grows. The bank worked with Belgium-based wealthtech company InvestSuite to develop “CBD Investr,” a mobile application that uses smart algorithms to actively manage investment portfolios. “CBD Investr offers customers convenient access to globally diversified …

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UAE may buy stake in Israeli Tamar gas field

Delek Drilling DEDRp.TA said on Monday it had signed a non-binding deal to sell its stake in the east Mediterranean natural gas field Tamar to Abu Dhabi’s Mubadala Petroleum for $1.1 billion. The deal, if finalised, would be one of the most significant developments since Israel and the United Arab …

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Quantum computing reaching DP World in optimization drive

Dubai’s port company DP World is exploring quantum computing technology to optimize its operations, the company said in a statement. It said it was working with D-Wave Systems, a Canadian quantum computing company, to look at how the advanced technology can be applied to DP World’s logistics and trade business. …

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UAE balancing nuclear rivals India and Pakistan

The United Arab Emirates’ envoy to Washington confirmed the Gulf state is mediating between India and Pakistan to help the nuclear-armed rivals reach a “healthy and functional” relationship. Top intelligence officers from India and Pakistan held secret talks in Dubai in January in a new effort to calm military tension …

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UAE headed to moon with Japanese help

Lunar exploration company ispace will transport a United Arab Emirates rover to the moon in 2022, the company said on Wednesday, as the UAE pushes for rapid expansion in the space exploration business to diversify its economy. The UAE is using its space programme to develop its scientific and technological …

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$23 billion in US arms to UAE under Biden

U.S. President Joe Biden’s administration has told Congress it is proceeding with more than $23 billion in weapons sales to the United Arab Emirates, including advanced F-35 aircraft, armed drones and other equipment, congressional aides said on Tuesday. A State Department spokesperson said the administration would move forward with the …

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UAE picks its candidate for first Arab woman astronaut

The United Arab Emirates has selected the first Arab woman to train as an astronaut, as the Gulf country rapidly expands into the space sector to diversify its economy. Emirati national Nora al-Matrooshi, a 27-year-old mechanical engineering graduate currently working at Abu Dhabi’s National Petroleum Construction Company, will join NASA’s …

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UAE, Japan in anti-carbon, pro-hydrogen bid

The UAE and Japan have signed an initial agreement to explore opportunities in developing hydrogen. The Emirates’ energy and infrastructure minister, Suhail Al-Mazrouei, signed the deal with Japan’s economy minister, Ejima Kiyoshi at a virtual event on Friday. “This agreement pursues the cooperation to exchange information related to hydrogen production, …

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Netanyahu now not keen on UAE visit

A planned visit by Israeli Prime Minister Benjamin Netanyahu to the United Arab Emirates on Thursday was canceled, Israel’s public radio Kan said, citing a source involved in the planning. Neither Israel nor the UAE have formally confirmed that such a visit — the first by the prime minister to …

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UAE wants US sanctions lifted on Syria

UAE Foreign Minster Sheikh Abdullah bin Zayed said Tuesday the sanctions imposed by the US Caesar’s Act complicate Syria’s return to the Arab fold. The return of Syria to the Arab League is in the interest of Syria and other countries of the region, he said. The minister made the remarks …

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Sharjah gets its Moon Retreat eco-tourism resort

Sharjah Investment and Development Authority, Shurooq, announced the addition of Moon Retreat to their eco-luxury tourism destinations, state news agency SPA reported. The retreat will open to guests during the first quarter of 2021 in the archaeological area of Mleiha. Moon Retreat will offer visitors stargazing activities as there is …

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UAE assures UN that Sheikha Latifa is safe and sound

he United Arab Emirates said on Friday that Sheikha Latifa, one of the ruler of Dubai’s daughters, was being cared for at home as the U.N. human rights watchdog asked the UAE for proof that she is alive amid growing international concern about her fate. The BBC’s investigative news programme …

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Iraq and GCC to exchange electricity for goods

Iraq’s prime minister and the GCC secretary general held talks  on Monday to boost trade and supply electricity from the Gulf. Iraqi leader Mustafa Al-Kadhimi and Nayef Al-Hajraf also discussed rebuilding Iraq after the war with Daesh. Iraq has been blighted by a woeful power supply in recent years which feeds …

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UAE not worried Biden can stop F-35 sale

The United Arab Emirates’ ambassador to Washington said he was confident the sale of F-35 jets to his country would go through after a review by President Joe Biden’s administration of some pending arms sales to U.S. allies. The UAE had during Donald Trump’s last day in office signed agreements …

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UAE attracting money in through citizenship grants

The United Arab Emirates has adopted amendments that would allow the Gulf state to grant citizenship to investors and other professionals including scientists, doctors and their families, the government said on Saturday. “The UAE cabinet, local Emiri courts and executive councils will nominate those eligible for the citizenship under clear …

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Iran unveils strategic missile base in Gulf

Iran’s elite Revolutionary Guards unveiled an underground missile base at an undisclosed Gulf location on Friday, Iranian state media reported, at a time of heightened tension between Tehran and the United States. “The base is one of several bases housing the Guards’ Navy’s strategic missiles,” the state media quoted the …

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