The Latest Breaking News from UAE

Dubai Adopts First Virtual Asset Law, Establishes Regulator

The emirate of Dubai has adopted its first law governing virtual assets and established a regulator to oversee the sector, its ruler Sheikh Mohammed bin Rashid al-Maktoum said on Wednesday. The United Arab Emirates, a federation of seven emirates and the region's financial capital, has been pushing to develop virtual…

Asharq Al-Awsat · Mar 9, 2022

Russian bond default ‘imminent’, as inflation jumps; markets surge as oil falls back – as it happened

UK announces new aviation sanctions against Russia and investigates plane at Farnborough

The Guardian - UK · Mar 9, 2022

UAE minister, U.S.'s Blinken discuss two-way ties, Ukraine -report

The foreign minister of the United Arab Emirates discussed developments in Ukraine and ways to strengthen two-way ties during a telephone call with U.S. Secretary of State Antony Blinken on Wednesday, the state news agency said.

Reuters · Mar 9, 2022

The world leaders pushing for peace in Ukraine, and their motives

They claim to be honest brokers, but is that just a fig leaf to cover their moral bankruptcy?

The Guardian - UK · Mar 7, 2022

Real Estate Deals Grow 52% in the Gulf

Real estate deals in the Gulf countries grew by nearly 52 percent year-on-year in 2021 to $137.4 billion compared to $90.5 billion in 2020, according to an analysis by KAMCO Invest. Kuwait-based KAMCO, said Saudi Arabia contributed to more than 41 percent of the total value of deals, while the…

Asharq Al-Awsat · Mar 7, 2022

Anti-money-laundering body puts UAE on global 'gray' list

A global body focused on fighting money laundering has placed the United Arab Emirates on its so-called “gray list.”

The Independent UK · Mar 5, 2022

UAE Officials Reaffirm Serious Commitment to Combat Financial Crime

UAE senior officials reaffirmed the Gulf country's strong commitment to combat money laundering and terrorist financing. The UAE continues to implement an array of sophisticated and significant actions to combat financial crime and strengthen the effectiveness of anti-money laundering (AML) and counter terrorist financing (CFT). The officials underscored UAE's efforts…

Asharq Al-Awsat · Mar 5, 2022

U.S. calls for help to rehome Afghans who fled chaos of Taliban takeover

The United States still needs other nations to take Afghans who fled their homeland last year, a senior U.S. State Department official said on Friday, six months after Washington's chaotic withdrawal as the hard-line Islamist Taliban took control.

Reuters · Mar 4, 2022

US diplomat apologizes to thousands of Afghans stuck in UAE

A senior U.S. diplomat has apologized to thousands of Afghans stranded in the United Arab Emirates months after the fall of Kabul to the Taliban

The Independent UK · Mar 4, 2022

UAE to Develop Methanol Facility in Abu Dhabi

Abu Dhabi National Oil Company (ADNOC) signed an agreement with Proman, one of the world's leading methanol producers, to develop the UAE's first world-scale methanol production facility at the TAZIZ Industrial Chemicals Zone in Ruwais, Abu Dhabi. Under the agreement, Abu Dhabi Chemicals Derivatives Company (TAZIZ) and Proman will construct…

Asharq Al-Awsat · Mar 4, 2022