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March 9, 2021

United Arab Emirates

Saudi-backed Yemeni government says restores ties with Qatar

Reuters
FILE PHOTO: Qatari foreign minister Sheikh Mohammed bin Abdulrahman Al-Thani, is pictured at the presidential palace in Baabda, Lebanon February 9, 2021. REUTERS/Mohamed Azakir/File Photo ADEN (Reuters) – Yemen’s internationally recognized government said on Sunday it had restored diplomatic ties with Qatar after four years of boycott led by Saudi......

Saudi-led coalition says bombs Houthi targets in Yemen

Reuters
DUBAI (Reuters) – The Saudi-led coalition engaged in Yemen on Sunday said it had launched air strikes on military sites of the Iran-aligned Houthi movement in Sanaa and several other provinces, the Saudi-owned Al Arabiya television channel reported. The coalition said its operation complied with international law. Reporting by Maher......

UAE’s first independent digital banking platform launches

Reuters
DUBAI (Reuters) – The first independent digital banking platform in the United Arab Emirates launched on Sunday, a neobank hoping to become a leader in the Middle East, Africa and South Asia. Dubai-based YAP does not have a banking licence itself but has partnered with RAK Bank which provides international......

OPEC+ calls for “cautious optimism” despite oil price rally: document

Reuters
FILE PHOTO: The logo of the Organisation of the Petroleum Exporting Countries (OPEC) sits outside its headquarters ahead of the OPEC and NON-OPEC meeting, Austria December 6, 2019. REUTERS/Leonhard Foeger LONDON (Reuters) – A panel of experts of OPEC and allies, known as OPEC+, believes a recent oil price rally......

Federer to miss this month’s Miami Open

Reuters
FILE PHOTO: Switzerland’s Roger Federer. REUTERS/Toby Melville/File Photo (Reuters) – Roger Federer will not compete at this month’s Miami Open as the Swiss maestro continues to work his way back to fitness after two knee operations in the past 12 months, the Miami Herald reported on Monday. Federer will miss......

Yemen’s children starve as U.N. seeks billions to avoid vast ‘man-made’ famine

Reuters
By Abdulrahman al-Ansi, Michelle Nichols SANAA/NEW YORK (Reuters) – Ahmadiya Juaidi’s eyes are wide as she drinks a nutrition shake from a large orange mug, her thin fingers grasping the handle. Her hair is pulled back and around her neck hangs a silver necklace with a heart and the letter......

U.S. announces ‘Khashoggi ban’ for 76 Saudi individuals

Reuters
FILE PHOTO: Saudi dissident Jamal Khashoggi speaks at an event hosted by Middle East Monitor in London Britain, September 29, 2018. Middle East Monitor/Handout via REUTERS/ WASHINGTON (Reuters) – The United States banned 76 people from Saudi Arabia on Friday, saying it will not tolerate individuals who threaten or assault......

Saudi defence firm SAMI targets $5 bln annual revenue by 2030

Reuters
DUBAI, Feb 22 (Reuters) – State-owned Saudi Arabian Military Industries (SAMI) aims to generate annual revenue of $5 billion by 2030, its chief executive said on Monday, part of a drive to build more defence equipment inside the kingdom. Saudi Arabia, one of the world’s largest buyers of foreign arms......

Dubai’s property market will remain weak for the next two years, says UAE developer Damac

CNBC Real Estate
The real estate market in Dubai is likely to remain subdued for the next two years as the city recovers from the Covid crisis, according to a major Emirati property developer. “I see, still, a soft market for [2021 and 2022],” said Hussain Sajwani, chairman of Damac Properties. That means there will......

Gulf markets little changed in early trade

Reuters
(Reuters) – Major Gulf stock markets were little changed early on Thursday, with the Dubai index slipping slightly on declines among Industrial and financial stocks. FILE PHOTO: An investor monitors a screen displaying stock information at the Abu Dhabi Securities Exchange June 25, 2014. Saudi Arabia’s benchmark index rose 0.1%,......

Britain supports family of Harry Dunn in U.S. damages case

Reuters
Charlotte Charles and Tim Dunn, parents of British teen Harry Dunn who was killed in a car crash on his motorcycle, allegedly by the wife of an American diplomat, walk out after an interview in the Manhattan borough of New York City, New York, U.S., October 15, 2019. REUTERS/Eduardo Munoz/Files......

Sri Lanka is now open to travelers — no quarantine, but no mingling with locals too

CNBC
CNBC – For more and to sign up click here To quarantine or not to quarantine — that is the question. Or at least it has been for countries deliberating how to handle incoming international travelers. But that changed last month when Sri Lanka reopened its borders with a requirement......

Israel cancels participation in UAE defence expo, citing air travel curbs

Reuters
Emirati and Israeli flags fly upon the arrival of Israeli and U.S. delegates at Abu Dhabi International Airport, in Abu Dhabi, United Arab Emirates August 31, 2020. REUTERS/Christopher Pike JERUSALEM (Reuters) – Israel has cancelled its planned participation in a major defence expo in the United Arab Emirates next week......

United Arab Emirates becomes the first Arab country to reach Mars

CNBC
CNBC – For more and to sign up click here An Emirati walks past a screen displaying the “Hope” Mars probe at the Mohammed Bin Rashid Space Centre in Dubai on July 19, 2020. GIUSEPPE CACACE | AFP via Getty Images DUBAI, United Arab Emirates — The United Arab Emirates......

Emerging market central bank rate cuts fade further in January

Reuters
By Karin Strohecker, Ritvik Carvalho LONDON (Reuters) – Emerging market central banks delivered just one interest rate cut in December, signalling the fading out of an easing cycle that had started in 2019 and had exceeded the cuts during the 2008 financial crisis and the 2010 euro crisis. Of a......

Petrobras fuel pricing policy sparks fresh investor concerns

Reuters
RIO DE JANEIRO (Reuters) – Shares in Brazil’s Petrobras fell on Monday amid concerns from some investors and analysts about potential political interference in the state-controlled oil company’s domestic fuel pricing policy. FILE PHOTO: A logo of Brazil’s state-run Petrobras oil company is seen at its headquarters in Rio de......

Saudi-led coalition intercepts drone fired by Yemen’s Houthis – state TV

Reuters
CAIRO (Reuters) – The Saudi-led coalition fighting in Yemen said on Sunday it intercepted an explosive-laden drone launched by the Iran-aligned Houthi group towards the kingdom, Saudi state TV said. Reporting by Ahmed Tolba; Writing by Nayera Abdallah; Editing by Alison Williams Source – For more click here To Return......

Egypt frees Al Jazeera journalist after four years in detention

Reuters
CAIRO (Reuters) – Egyptian authorities on Saturday released a journalist working for Qatar’s Al Jazeera television network who was held in pre-trial detention for more than four years, his brother and a lawyer told Reuters. Mahmoud Hussein, an Egyptian detained in December 2016‮‮ ‬‬after arriving in Cairo from Doha on......

The UAE is now offering citizenship to foreigners, and the economic gains could be ‘transformative’

CNBC
CNBC – For more and to sign up click here DUBAI, United Arab Emirates — The United Arab Emirates announced that Emirati nationality will now be attainable for foreigners, in a major first for the Gulf region. The move is a significant change in direction for a country whose economy......

UK bans direct flights from UAE, shutting world’s busiest international route

Reuters
LONDON/SYDNEY (Reuters) – Britain is banning direct passenger flights from the United Arab Emirates from Friday, shutting down the world’s busiest international airline route from Dubai to London. Britain said it was adding the United Arab Emirates, Burundi and Rwanda to its coronavirus travel ban list because of worries over......

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