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Arabs scaling new heights of space exploration

Last week, the UAE introduced Nora Al-Matrooshi as the first Arab woman to start training to be an astronaut as she could play a pivotal role in the country’s upcoming space missions. The UAE, considered a newcomer to the world of space exploration, sent the first Emirati into space as …

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No progress yet in UAE-Saudi OPEC talks

UAE is still in discussions with Saudi Arabia and other OPEC+ members for better terms under the current agreement that will expire in April 2022, an informed source of the discussions told Arab News. Reuters said earlier that UAE has reached a compromise to assign the Gulf nation a quota of 3.65 …

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Iraq worried OPEC price war in the offing

The financial adviser to Iraq’s prime minister said that “in the absence of coordination and understandings between OPEC producers, the beginnings of a price war will be formed again,” the Iraqi News Agency (INA) quoted him as saying on Monday. Mazhar Mohammed Saleh added that “the increases in production within …

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Saudi, UAE disagree over OPEC policy

Oil held steady as tensions between Saudi Arabia and the UAE escalated over the weekend, leaving the market with few clues about how supply talks will proceed on Monday after discussions reached an impasse last week. The clash was unresolved just hours before Monday’s meeting was scheduled to start. The Saudis are standing …

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UAE artists learning to do without plastic

Creatives at a new UAE business center are playing their part in tackling climate change by encouraging the community to go green through a series of art and design projects. The initiative is being championed inside Niche, the sleek new four-acre ICD Brookfield Place in downtown Dubai’s multi-use community space. …

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Egypt enters green hydrogen league

Another week, another huge green hydrogen project announcement in the Middle East. This time, it was Egypt’s turn. The most populous Arab nation is planning to invest up to $4 billion in a project to create hydrogen through electrolysis powered by renewable energy, Egyptian Minister of Electricity and Renewable Energy …

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GCC wary of G7 corporate tax plans

The threat seemed clear. The low-tax countries of the Middle East would have to fall in line with the high tax-and-spend economies of Europe and North America, and impose big tax increases that would threaten their global competitiveness. But although initially hailed as “historic,” when the experts and policymakers got …

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Key Houthi officials sanctioned by US

The United States is imposing sanctions on two Houthi military officials leading the Iran-aligned movement’s offensive to seize Yemen’s gas-rich Marib region, US Special Envoy on Yemen said on Thursday. Tim Lenderking, who has been pushing for a ceasefire between the Houthis and the Arab coalition, also told a virtual media …

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Lebanon in trouble with UAE, Saudi, Kuwait, and GCC

The UAE’s Ministry of Foreign Affairs and International Cooperation has strongly decried the derogatory and racist statements made by caretaker Lebanese Foreign Minister, Charbel Wehbe, against the Kingdom of Saudi Arabia and other Gulf Co-operation Council (GCC) States. The Lebanese ambassador to the UAE was summoned by the MoFAIC and …

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UAE building naval patrol vessels worth $950 million

The United Arab Emirates has signed a 3.5 billion dirham ($950 million) contract with Abu Dhabi Ship Building (ADSB) to manufacture four new patrol vessels for the Gulf Arab state’s navy, ADSB said on Tuesday. The contract for Falaj 3-class Offshore Patrol Vessels was the largest ever order received by …

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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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Senate wants oversight over Biden arms sales to UAE

Two senior Democratic senators will introduce legislation on Friday that would reassert Congress’ oversight of international weapons deals, after President Joe Biden’s administration decided to go ahead with a $23 billion sale to the United Arab Emirates that had worried lawmakers, congressional aides said. The bill, seen by Reuters, will …

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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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