“The UAE Has Become Russia’s Main Trading Partner In The Arab Region” “Russia’s policy in the Middle East in 2023 was particularly active. Moscow managed to improve relations with Arab countries and Iran, strengthen dialogue with Turkey and maintain normal relations with Israel. All this was the result of strict adherence to the two diplomatic...
Having repeatedly sided with the United Arab Emirates (UAE) over Iran in a long-standing dispute regarding three Gulf islands, Moscow appears to be risking its ties with Tehran. The Greater Tunb, Lesser Tunb, and Abu Musa islands in the Strait of Hormuz were taken over by Iran in 1971 after British forces withdrew from the UAE following the country’s...
The United Arab Emirates (UAE) hosted the United Nations Climate Change Conference (COP28) in 2023 and used it to burnish its image despite pushing for fossil fuel expansion and maintaining a zero-tolerance policy toward dissent, Human Rights Watch said today in its World Report 2024. The UAE, one of the world’s largest oil producers and per capita greenhouse...
British wives boasting of luxury new lives funded by millionaire husbands in Dubai have been warned they risk being dumped homeless on the streets at any moment. Experts have revealed a surge in complaints from not only women but also men betrayed and dumped by wealthy partners after upping sticks for the Middle East. The alert comes amid a TikTok and Instagram trend...
By ALISHA HOULIHAN for AML Intelligence GREYLISTED UAE has made a “substantial donation” to the funding of the body representing the world’s police Financial Intelligence Units (FIUs). The Egmont Group of FIUs represents most of the main FIUs and held its most recent annual conference at a glittering venue in Abu Dhabi. Today (Wed) the...
A key US lawmaker is urging the Commerce Department to consider trade restrictions on Abu Dhabi artificial intelligence firm Group 42 Holdings over its ties to China. House China Select Committee Chairman Mike Gallagher, a Republican from Wisconsin, raised concerns about G42’s relationships with blacklisted Chinese companies including Huawei Technologies Co. and Beijing Genomics Institute, as well as risks to research...
International Holding Company (IHC.AD) is making headlines again. Shares in the Abu Dhabi-listed group have risen nearly 900% since 2021, giving it a market value of $245 billion, but left outside observers scratching their heads. While last week’s formation of a new spinoff called 2PointZero might seem like a way to aid transparency, it’s actually more of the same. IHC’s many...
More than 5,000 SPVs are said to have been set up in Abu Dhabi including by CZ, Lisin and Dalio. For decades, many of the world’s richest people chose to safeguard their assets in overseas locales ranging from the Cayman Islands to Switzerland and the British Virgin Islands. But a new wealth hub is becoming wildly...
WHILE much of the world remains fixated on the torrent of horrific news from Israel and the Palestinian territories, the appalling war in Sudan is getting next to no media attention. Even in the months before the Hamas terrorist attack of October 7 and the subsequent continual bombardment of the Gaza Strip by the Israel...
Arctic Ice argues its rare, pure product can be part of Greenland’s green transition and greater independence. Frozen daiquiri anyone? Drinking a cocktail on top of a Dubai skyscraper may seem decadent enough, but a Greenland entrepreneur wants to add ancient glacier ice scooped from the fjords to the glass, for the ultimate international thrill. Arctic Ice...