Russian President Vladimir Putin and President of the United Arab Emirates Sheikh Mohammed bin Zayed Al Nahyan shake hands during a meeting at the St. Petersburg International Economic Forum (SPIEF) in Saint Petersburg, Russia, on Friday.Ilya Pitalev/Sputnik/Reuters Editor’s Note: A version of this story appears in CNN’s Meanwhile in the Middle East newsletter, a three-times-a-week look...
A ride-hailing firm with Russian origins has nabbed a significant chunk of the market from Uber Technologies Inc. and its local subsidiary in Dubai, a city that’s attracted thousands of Russians since the invasion of Ukraine last year. Yango, a unit of internet giant Yandex NV, now accounts for between 4% and 8% of all...
Analysis finds UAE is the centre of ownership for formerly flagged or owned Russian ships Nearly 900 maritime companies were set up in 2022 with ties to Russia that have helped to boost its oil exports to a post-invasion high despite western sanctions, according to new research. The 864 new companies include 87 that contain...
A Dubai-based Irish businessman has been placed on the US Treasury’s sanctions list as part of move to stop the flow of Russian money abroad. John Hanafin and his Huriya Private firm have been listed along several other individuals and companies used to help Russia evade sanctions. According to a Treasury statement yesterday “Hanafin facilitated...
SUN Ship Management has become one of the main transporters of Russian oil to countries including India and Cuba. BRUSSELS — The EU is discussing whether to sanction Dubai-based shipping company SUN Ship Management Ltd, which is suspected of helping Russia circumvent restrictions on its oil exports, three diplomats told POLITICO’s Brussels Playbook on condition of anonymity....
THE DISCORD LEAKS | The activity has disturbed some U.S. officials, who worry a longstanding U.S. ally is growing too close to Beijing. American spy services detected construction at a suspected Chinese military facility in the United Arab Emirates in December — one year after Washington’s oil-rich ally announced it was halting the project because...
Russia’s invasion of Ukraine and the ensuing raft of Western sanctions have prompted an explosion of interest in the United Arab Emirates (UAE) among Russians. Bilateral trade is breaking all previous records, and Russians are buying up real estate and opening businesses there. Yet for all the hope that the UAE could become an alternative...
As the next host of COP28, scheduled for the end of 2023, the United Arab Emirates has become a mecca of international sanctions evasion, and both Russians and Syrians are taking advantage. From November 30 to December 12, 2023, the United Arab Emirates Confederation will host COP28. Not only is Dubai, which is considered a...
“Dubai is much more free — in every way,” he said, sporting an intricately torn designer T-shirt at a cafe he just opened in the city, where his children are now in a British school. “We are independent of Russia,” he said. “This is very important.” A year into a historic onslaught of economic sanctions...
As the next host of COP28, scheduled for the end of 2023, the United Arab Emirates has become a mecca of international sanctions evasion, and both Russians and Syrians are taking advantage. From November 30 to December 12, 2023, the United Arab Emirates Confederation will host COP28. Not only is Dubai, which is considered a...