Houthis Warn Oil Firms To Leave Saudi Arabia And The UAE

Houthis Warn Oil Firms To Leave Saudi Arabia And The UAE Authored by Michael Kern via OilPrice.com, Yemen's Houthis have warned oil companies operating in Saudi Arabia and the United...

Tillerson to be called as witness in Trump ally's foreign agent trial

By Luc Cohen NEW YORK - Former U.S. Secretary of State Rex Tillerson will be called as a witness by federal prosecutors in the trial of Tom Barrack, a one-time fundraiser for former President...

Indian Refiners Seen Still Using Dollars to Buy Russian Oil

Mashreq Bank in Dubai declined a request to take payments from at least Indian two refiners in Emirati dirhams, forcing the buyers to pay for crude in US dollars, sources say The post Indian...

UAE hails Lapid’s support for 2-state solution, backs Palestinian state on ’67 lines

Premier gets shoutout in Emirati minister's speech to UN General Assembly, which also includes line noting importance of Abraham Accords

Prosecutor says Trump ally Barrack peddled influence at criminal trial

By Luc Cohen and Jody Godoy NEW YORK -Tom Barrack, the private equity executive and onetime fundraiser for former President Donald Trump, and his former assistant acted as a foreign government's...

Long a haven for wealth, Dubai will enforce UK court rulings

DUBAI, United Arab Emirates (AP) — The United Arab Emirates has called on its courts to begin enforcing the judgements of British courts, in a move that could affect the city of Dubai's status as...

SABB joins Arab Monetary Fund’s Buna payment system

Wed, 2022-09-21 11:44 RIYADH: The Saudi British Bank, known as SABB, has joined the ‘Buna’ payment system which specializes in providing clearing and settlement services in multiple currencies...

Trump ally's trial on foreign agent charges to start with jury selection

By Luc Cohen NEW YORK - Jury selection is set to begin on Monday in the trial of Tom Barrack, the private equity executive and onetime fundraiser for former President Donald Trump, on charges he...

United Arab Emirates to launch first lunar rover in November

DUBAI, United Arab Emirates (AP) — The United Arab Emirates will launch its first lunar rover in November, the mission manager said Monday.Hamad Al Marzooqi told The National, a state-linked...

Factbox-Government measures to ease inflation pain

- Pandemic-related disruption to global supply chains and the knock-on effects of Russia's war in Ukraine have combined to drive up prices of energy, commodities and basic necessities. Below is a...

After Two Spectacular Blowups, SoftBank Hopes To Launch Third "Vision Fund" To Evade High-Water Mark

After Two Spectacular Blowups, SoftBank Hopes To Launch Third "Vision Fund" To Evade High-Water Mark Three years ago, we asked - rhetorically - if Japan's cartoonish venture capital...

Guests call out burkini ban at Tunisian hotels as discriminatory

By Layli Foroudi - On the second day of her stay at the Marriott Hotel in Sousse, Jannette Mensi waded into the swimming pool only to be told by hotel staff that she would have to get out due to...

U.S. to move $3.5 billion in Afghan central bank assets to Swiss-based trust

By Jonathan Landay WASHINGTON -The United States on Wednesday announced that it would transfer $3.5 billion in Afghan central bank assets into a new Swiss-based trust fund that will be shielded...

Factbox-Government measures to ease inflation pain

- Pandemic-related disruption to global supply chains and the knock-on effects of Russia's war in Ukraine have combined to drive up prices of energy, commodities and basic necessities. Below is a...

Dubai court rejects Danish extradition request for financier

DUBAI, United Arab Emirates (AP) — An Emirati court ruled on Monday that a British man suspected of masterminding a $1.7 billion tax scheme cannot be extradited to Denmark to face charges.The...

Exclusive-Canada agrees to resettle Afghans held in UAE facility, sources say

By Alexander Cornwell and Jonathan Landay DUBAI/WASHINGTON - Canada will accept some 1,000 Afghans who fled the Taliban takeover of their homeland and have been held for months in a makeshift...

Taliban: UAE firm to run flight services on Afghan airports

ISLAMABAD (AP) — The Taliban and the Abu Dhabi-based firm GAAC Solutions signed a contract Thursday for the Emirati company to provide flight services and manage planes landing and taking off on...

Saudi Arabia stocks lower at close of trade; Tadawul All Share down 0.87%

Investing.com – Saudi Arabia stocks were lower after the close on Tuesday, as losses in the Energy & Utilities, Industrial Investment and Cement sectors led shares lower. The best performers of...

Tel Aviv bourse head seeks more bilateral investing with UAE

By Steven Scheer TEL AVIV - The head of Israel's stock exchange on Tuesday called for increased investment from Israeli and Emirati investors in each other's exchanges to boost liquidity. Two...

Bed Bath & Beyond names interim CFO after executive's death

-Bed Bath & Beyond Inc named accounting head Laura Crossen as interim chief financial officer following the death of finance chief Gustavo Arnal, a regulatory filing showed on Tuesday. Arnal fell...

In Dubai, $1.7B Denmark fraud suspect contests extradition

DUBAI, United Arab Emirates (AP) — The lawyer of a British man who was arrested in Dubai for allegedly masterminding a $1.7 billion tax scheme in Denmark asked judges on Monday not to extradite...

Factbox-Government measures to ease inflation pain

- Pandemic-related disruption to global supply chains and the knock-on effects of Russia's war in Ukraine have combined to drive up prices of energy, commodities and basic necessities. Below is a...

Factbox-Government measures to ease inflation pain

- Pandemic-related disruption to global supply chains and the knock-on effects of Russia's war in Ukraine have combined to drive up prices of energy, commodities and basic necessities. Below is a...

U.S. tightens sanctions on Iran, targets Chinese, Emirati firms over oil

The United States on Wednesday imposed sanctions on a network of Chinese, Emirati and other companies that it accused of helping to deliver and sell Iranian petroleum and petrochemical products to...

Amazon Restricts L.G.B.T.Q. Products in United Arab Emirates

Amazon moved to restrict items and search results related to L.G.B.Q. people and issues on its website in the United Arab Emirates. The Emirati government gave Amazon until Friday to comply under...

Israel signs historic trade deal with UAE, its biggest with any Arab country

The trade agreement is the largest ever between Israel and any Arab country. The signing opened "a new chapter in the history of the Middle East," the Emirati Trade Minister says. The deal comes...

Surfside Condo site sold to Trump business partner for $120 million

Hussain Sajwani, the Emirati owner of Dubai-based DAMAC Properties, was the only bidder for the 1.8 acre beachfront plot. The families of the victims will receive the proceeds of the sale as part...

Kamala Harris to lead US delegation to UAE following death of Emirati president

Vice President Kamala Harris will make a trip to the United Arab Emirates on Monday, leading a presidential delegation to express in-person condolences on the death of the country's president,...

Saudis, U.A.E. Rebuff Calls to Sever Russian Oil Alliance

Saudis, U.A.E. rebuff calls to expel Russia from a larger oil-production alliance with almost two dozen countries. OPEC+ has refused to pump more oil while oil prices have rocketed above $100 a...

Oil Rises As UAE Backtracks On OPEC Output Boost Statement

The UAE has taken a step back from assurances it would encourage fellow OPEC members to boost their production. In a tweet quoted by media, the Emirati energy minister, Suhail al Mazrouei, said...

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