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The Latest Breaking News from UAE

No damage or casualties after attack near Dana Gas site in Iraq- source

A mortar shell landed on a grass field next to a gas site in Khor Mor, Iraq operated by UAE energy firm Dana Gas on Friday, a source with knowledge of the matter told Reuters on Saturday, causing no casualties or damage.

Reuters

Ludhiana: Invest in Sharjah airport free zone, bizmen urged

LUDHIANA: The Associated Chamber of Commerce and Industries of India (ASSOCHAM) with support of Chamber of Industrial and Commercial Undertakings (CICU), Knitwear and Textile Club organised a special event for Ludhiana industrialists about the business opportunities available through Sharjah Airport International Free (SAIF) Zone. Raed Al Bukhatir, director of SAIF…

The Times of India

Rocket Attack Targets Dana Gas Site in Iraq

A Katyusha rocket targeted employee housing of UAE energy firm Dana Gas in Sulaymaniyah in northern Iraq on Friday, landing in the company's Khor Mor gas field, two security sources said. Friday's attack was the second on Dana Gas facilities this week. A Katyusha rocket landed inside Khor Mor on…

Asharq Al-Awsat

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Gulf countries understand India’s position on Prophet controversy: Foreign Secretary Kwatra

‘Indian purchase of Russian energy is appreciated by the world’

The Hindu

Sanctioned Russian's superyacht docked in Dubai

A luxurious superyacht belonging to a sanctioned Russian billionaire parliamentarian featuring six suites, an elevator, its own beach club and a helicopter pad is anchored in Dubai where Russians have sheltered wealth since the invasion of Ukraine.

Reuters

UAE’s TAQA Lists Bonds Worth $8.25 Billion on ADX

Abu Dhabi National Energy Company (TAQA) has made a secondary listing of nine bonds valued at $8.25 billion on Abu Dhabi Securities Exchange (ADX). The bonds, which will mature between 2023 and 2051, range in size from $500 million to $1.25 billion and have issuance tenors ranging from seven years…

Asharq Al-Awsat

UAE President, Jordan's King Discuss Cooperation, Joint Work

United Arab Emirates President Sheikh Mohamed bin Zayed Al Nahyan held talks with Jordan's King Abdullah II in Abu Dhabi on Thursday. Talks focused on brotherly relations and the means of bolstering cooperation and joint action in various fields, reported the UAE state news agency (WAM). Sheikh Mohamed wished Jordan…

Asharq Al-Awsat

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Sanctioned Russian oligarch yacht in Dubai as pressure grows

A sleek $156 million superyacht belonging to a sanctioned Russian oligarch and parliamentarian is now docked in Dubai, the latest reminder of how the skyscraper-studded sheikhdom has become a haven for Russian money amid Moscow’s war on Ukraine

The Independent UK

PM Modi to visit Germany for G7 summit on 26 June; will also travel UAE

Prime Minister Narendra Modi will be visiting Schloss Elmau, Germany for the G7 Summit on June 26-27 and will also travel to UAE while coming back to India. Read full schedule on Dynamite News:

Dynamite News

UAE Boosts ‘Self-Sufficiency’ Through Industrial Localization

UAE's Minister of Industry and Advanced Technology Sultan al-Jaber said that the COVID-19 pandemic and recent geopolitical challenges disrupted supply chains and affected the global economy, "an experience from which we extracted many lessons." The Minister explained that one of the most important lessons is that "regardless of global economic…

Asharq Al-Awsat

What it'll take for the Guptas to face corruption charges in South Africa

Now that Rajesh and Atul Gupta have been arrested in the United Arab Emirates (UAE), there is a great deal of speculation as to when the brothers may ultimately set foot on South African soil to face charges of money laundering and other financial crimes.

The Conversation

Exclusive-UAE to build Red Sea port in Sudan in $6 billion investment package

The United Arab Emirates will build a new Red Sea port in Sudan as part of a $6 billion investment package, DAL group chairman Osama Daoud Abdellatif, a partner in the deal, told Reuters.

Reuters

UAE Close to Operating 75% of Peaceful Nuclear Project

The UAE is preparing to reach 75 percent of operating its peaceful nuclear project. Emirates Nuclear Energy Corporation (ENEC) has announced that Nawah Energy Company has begun the process of loading fuel assemblies into the reactor of the Barakah plant following the granting of operating license by Federal Authority for…

Asharq Al-Awsat

UAE to Hold Second Auction of Dirham T-Bonds Worth $408Mln

The UAE Finance Ministry said Saturday that a second auction of federal treasury bonds (T-Bonds) would be held on June 20. The auction size will be AED1.5 billion ($408 million) distributed over two tranches: a two-year tranche valued at AED 750 million and a three-year tranche valued at AED750 million…

Asharq Al-Awsat

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Reuters

Iran responds to UAE concerns over Tehran's nuclear plans

Iran on Saturday told the United Arab Emirates that Tehran gave a high priority to improving ties with its neighbours, Iranian state media reported, a day after the UAE voiced concern over Tehran's nuclear programme.

The Guardian - UK

UN calls on UAE to release British man imprisoned in Dubai since 2008

UN working group rules that Ryan Cornelius has been held arbitrarily and subjected to rights violations

Glasgow Live

Allan McGregor offered Rangers transfer exit with UAE 'offer' on the table

The 40-year-old is out of contract at Rangers this summer with a decision on his future yet to be made. He's reportedly been offered one last megabucks payday on a two-year deal.

The Independent UK

Flying blind: US accuses itself of selling weapons for Yemen war without assessing civilian harm

Audit by watchdog says US officials fail to follow through on the civilian impact of military sales to Saudi Arabia and UAE

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Al Jazeera

Will Prophet remarks controversy shake India-Middle East trade?

Gulf nations will watch protests in India closely with both sides having billions riding on investments and trade.

The Hindu

The Prophet remarks | global response to the controversy

More than 15 countries so far have condemned the remarks by suspended BJP spokespersons on Prophet Mohammad

Asharq Al-Awsat

Egypt, UAE Agree to Bolster Military, Security Cooperation

Egypt and the United Arab Emirates have agreed to continue security and military coordination and consultations. This came during a meeting between Egyptian President Abdel Fattah al-Sisi held and Chief of Staff of the UAE Armed Forces Lt. General Hamad Mohammed Thani al-Rumaithi in Cairo on Wednesday. Egyptian Minister of…

The Hindu

UAE suspends exports and re-exports of Indian wheat for four months

The move follows India banning the export of wheat last month to check the surge in local prices.

The Independent UK

GAO: No sign US tracked if its aid was used in Yemen attacks

A government report says there’s no sign the Pentagon or the State Department investigated whether U.S. military aid was used in Saudi or Emirati strikes alleged to have killed civilians in Yemen

Bangkok Post

Woman arrested for luring young women into forced prostitution in UAE

A 47-year-old woman has been arrested in Bangkok’s Lat Krabang district for allegedly duping young women into forced prostitution in the United Arab Emirates.

Asharq Al-Awsat

Report: UAE, Saudi Arabia, Egypt Are Region's FDI Hubs

The United Arab Emirates, Saudi Arabia and Egypt were ranked the first three, respectively, in the Arab world in attracting Foreign Direct Investment (FDI) for 2021, with investments topping $45 billion. FDI inflows to Arab countries, which rose by 42% in 2021, amounted to about $53 billion, 6.3% of which…

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