United Arab Emirates
Latin America faces growth hit as trade tensions escalate, warns Moody's
Trade conflicts and new tariffs could reduce Latin American economic growth by 0.3 percentage points in 2025 and 0.4 percentage points in 2026, with recovery delayed until 2028, Moody's Analytics warned in a recent report.
Zelenskiy freezes US minerals deal, reaches out to Arab nations
Ukrainian President Volodymyr Zelenskiy has frozen a proposed concession to mine Ukraine’s considerable mineral resources after the US side offered little in return and is travelling in the Middle East to look for new partners.
Masdar, TotalEnergies sign deal to expand clean energy access in Africa and Asia
Masdar and TotalEnergies to collaborate to provide reliable, sustainable electricity to communities in Africa and explore new clean energy opportunities in Southeast Asia.
Brazil to host expanded BRICS summit in July amid US dollar tensions
Brazil will host leaders from the BRICS nations and their new members in Rio de Janeiro on July 6-7, as the burgeoning bloc faces growing pressure from the US over plans to reduce dollar dependence in trade.
Brazil drops BRICS currency plan in favour of local payment push
Brazil will not pursue a common BRICS currency during its presidency of the bloc this year, focusing instead on facilitating trade in local currencies despite warnings from US President Donald Trump about challenging dollar dominance.
Lebanon's financial crisis drives citizens toward cryptocurrency
Lebanon's crumbling pound and bank failures push worried citizens to embrace Bitcoin as a safe haven.
Hungarian government abandons €12bn 'Mini Dubai' project amid public outcry
The government has acknowledged Budapest's pre-emption rights for a 100-hectare brownfield area in the capital, effectively terminating a gigantic €12bn project promised by UAE-based Eagle Hills to build a new city district.
Iran eyes role as a digital hub in Persian Gulf region
Iran is aiming to carve out a role as a key data transit corridor linking Asia, Europe, and the Persian Gulf
Arab countries reject Trump's proposal to relocate Palestinians from Gaza to Egypt and Jordan
Arab foreign ministers on February 3 unanimously rejected US President Donald Trump's proposal to relocate Palestinians from Gaza to Egypt and Jordan.
Russia to unveil new Kalashnikov in Abu Dhabi
NEW: Russian arms maker Kalashnikov set to showcase RPL-7 machine gun at next month's Abu Dhabi defence expo
Hungary to enhance cooperation with UAE in defence and advanced technologies
Hungary and the United Arab Emirates have affirmed their commitment to expanding cooperation in several areas "based on mutual respect".
Hungarian PM arrives in UAE amid controversy surrounding flagship real estate development project
Prime Minister Viktor Orban is on a two-day official visit to the United Arab Emirates, where he will hold talks with UAE President and Abu Dhabi ruler Sheikh Mohammed bin Zayed Al Nahyan, as well as leaders of Emirati companies.
Abu Dhabi plans AI transformation across government services by 2027
Abu Dhabi has unveiled a comprehensive digital strategy aimed at becoming the world's first fully AI-native government across all digital services by 2027.
COMMENT: Trump's cryptocurrency venture sparks debate as memecoin risk data emerges
Donald Trump’s rapid leap into cryptocurrency, widely referred to as “Trump Coin,” has triggered a wave of global attention a day into his presidency.
The world reacts to Trump 2.0
Donald Trump's return to the White House has drawn sharply contrasting reactions worldwide, with traditional US allies expressing deep concern while rivals and emerging powers show marked optimism, according to a major new survey.
Albania, Italy and UAE to build €1bn Adriatic subsea cable
Energy generated in Albania will be transferred to Italy via an underwater cable crossing the Adriatic Sea.
COMMENT: Gulf states court Russia but stop short of strategic shift
The Gulf Cooperation Council (GCC) states are increasingly backing Russia in its geopolitical and economic standoff with the West, but they have stopped short of fully embracing Russia.
Dubai's Damac plans $20bn US data centre investment
Dubai property developer Damac will invest at least $20bn in US data centres, focusing on artificial intelligence and cloud computing facilities
Damascus International Airport resumes operations
Damascus International Airport resumed operations on January 7, with the first flight of Syrian Airlines departing this morning for Sharjah in the United Arab Emirates.
Iran's former foreign minister proposes new MWADA regional security framework
Former Iranian Foreign Minister Mohammad Javad Zarif and current presidential advisor has proposed a new regional security framework for West Asia.