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United Arab Emirates (UAE)

United Arab Emirates (UAE)
The latest news, analysis and opinion on United Arab Emirates (UAE). In-depth analysis, industry insights and expert opinion.
Capital
Abu Dhabi
Head of State
President Mohammed bin Zayed Al Nahyan
Head of Government
Prime Minister Mohammed bin Rashid Al Maktoum
last updated:
29 November, 2024
The Palm Jumeirah in Dubai. Photo: Agence France-Presse
International Property

Dubai developers escalate efforts to sell properties to rich Chinese

Buyers are attracted to UAE city’s attractive rental yields and golden visa programme.

Banking & finance

Exclusive | China-UAE ties evolve as Gulf nation acts as global ‘superconnector’

Egypt

Egypt inaugurates UAE-built US$500 million solar power plant

Banking & finance

Exclusive | Abu Dhabi Global Market plans China roadshow to boost financial ties

Planned trip in February will stop in Beijing, Shanghai, Shenzhen and Hong Kong amid ‘overwhelming interest’ in the UAE financial centre.

A view of Abu Dhabi, United Arab Emirates. Photo: Reuters
China stock market

Gulf financiers bet on 35% returns from Chinese assets on stimulus bets

‘If you want growth, you have to be in this corridor from the near to the Far East,’ Gulf Capital CEO says at China-UAE summit during Abu Dhabi Finance Week.

Fostering UAE-China relations

United Arab Emirates and China explore new ways of collaboration to foster economic growth

The inaugural UAE-China Investment Summit at Abu Dhabi Finance Week celebrates 40 years of bilateral relations between the nations.

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Banking & finance

Bridgewater’s Ray Dalio: invest in gold, bitcoin rather than debt assets

Indebtedness in the US, China and most major countries has increased at ‘unprecedented levels’ and will not be sustainable, he says.

Ray Dalio, founder of Bridgewater Associates, speaks during a Wall Street Journal event on May 22, 2024 in New York City. Photo: Getty Images
E-commerce

Exclusive | China’s Meituan to expand Keeta food delivery service to more Middle East cities

Wang Xing, founder and CEO of Meituan, said last week that the company has seen some ‘encouraging results’ in Saudi Arabia.

Middle East

Syria launches counter-attacks in an attempt to halt insurgency

Shock rebel offensive saw government forces lose control of Aleppo for the first time since the start of the country’s civil war.

Middle East

Opinion | Why Gulf countries don’t want to choose between China and the US

While Trump 2.0 could complicate the Gulf Cooperation Council’s relations with Beijing, member states are unlikely to sever ties with either power.

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Then-US president Donald Trump holds a chart showing defence sales next to Saudi Arabian Crown Prince Mohammed bin Salman in Washington, on March 20, 2018. Photo: AFP
Food and Drinks

10-hour queues in Germany to buy viral ‘Dubai chocolate’ bars

Baker in Berlin can’t keep up with demand for the pistachio-filled bars first seen in Dubai, which buyers can resell online for US$100-plus.

Pieces of Dubai chocolate with gold leaf at Abu Khaled Sweets in Berlin. Photo: AFP
Middle East

UAE arrests 3 suspects in killing of Israeli rabbi

Israeli Prime Minister Benjamin Netanyahu’s office said Israel will ‘seek justice with the criminals responsible for his death’.

Books and literature

Copy of The Little Prince worth US$1.25 million for sale at art fair

For sale in the UAE, the typescript, one of only three known to exist, contains handwritten corrections by author Antoine de Saint-Exupéry.

Artificial intelligence

MTR Lab backs AI start-up Ensonic in first mainland Chinese investment

Ensonic produces AI-based acoustic detection systems used for equipment quality control and maintenance.

The deal with Ensonic marks MTR Lab’s first investment in a mainland Chinese company. Photo: Edmond So
Banking & finance

HKEX to open Saudi office next year to enhance market presence, connections

Move represents another effort to forge Middle East ties amid frayed China-US relations.

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The Connect Hall at HKEX’s headquarters in Central. Photo: Jonathan Wong
Diplomacy

Opinion | Brics is not anti-West, it just wants a fairer world order

In championing economic inclusivity and strategic autonomy, pioneering financial innovation and promoting peace, Brics is a force for good.

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Gold in Hong Kong

How Hong Kong can compete with Singapore, Dubai in gold trading

Hong Kong has to create a comprehensive gold trading ecosystem, attract international traders, central banks and hedge funds.

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Banking & finance

Multi-country digital currency platform is worth the effort: central bankers

‘We must reduce new cross-border payment frictions while removing existing ones,’ says PBOC deputy governor.

The People’s Bank of China building in Beijing. Photo: Reuters
Brics

The View | What Brics members could learn from Nobel Prize winners in economics

For Brics nations to secure global reforms, they must build effective institutions, protect property rights and strengthen the rule of law.

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Business of climate change

China fuels renewables capacity in Brics nations past 50%

Rapid investments in grid infrastructure and energy storage is needed to fully harness the potential of renewables, expert says.

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US-China relations

US adds 6 more Chinese companies to export blacklist for boosting Iran, PLA

Firms acting contrary to American national security in supporting Tehran’s ‘weapons of mass destruction programme’, says Commerce Department.

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Once placed on the list, companies cannot receive American goods and technology without a special licence, which is likely to be denied. Photo: AP
Asia travel

Follow the crowds to the beach for the best thing to do in Dubai at night

Floodlit and with lifeguards sporting night-vision binoculars, Dubai beaches too hot to use by day have drawn over a million night visitors.

Roasted by daytime summer temperatures too hot for the beach, Dubai has turned to an innovative solution: opening beaches at night. Photo: AFP
Mergers & Acquisitions

Exclusive | Dubai’s DP World eyes mainland China market with Hong Kong acquisition

The UAE ports firm aims to leverage its acquisition of Cargo Services Far East to enhance logistics, connect Chinese products globally and expand in Africa.

Tourism

Dubai vs Abu Dhabi: a tale of two emirates reveals modern and historical wonders

Home to more than their fair share of the world’s biggest, fastest and tallest wonders, Abu Dhabi and Dubai offer features of ultra-modern architecture and an oil-wealth of sights to marvel at.

India

India detects first case of fast-spreading mpox strain

Public health officials are on high alert, implementing enhanced screening measures at international airports.

A nurse stands next to a newly created mpox isolation ward at a hospital in Ahmedabad, India. Photo: AFP/Getty Images/TNS
Singapore

Singapore Exchange eyes Middle East move to target Dubai-bound hedge funds

The planned expansion comes as major fund managers flock to Dubai, attracted by favourable tax conditions and government incentives.

Dubai’s Museum of the Future. A wave of fund managers have flocked to the Middle Eastern emirate in recent months. Photo: Xinhua
Banking & finance

Wrise expands in Hong Kong after seeing more rich clients opening family offices

Wrise, a wealth management platform, has expanded in Hong Kong after seeing an increase in rich clients setting up family offices.

China-Middle East relations

Opinion | China’s growing influence in Middle East carries its own risks

Making moves in line with geopolitical interests rather than economic ones are growing China’s regional influence but risk irking friends.

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