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United Arab Emirates

August 17, 2024

Abu Dhabi 5:19 am

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Gantry cranes are seen behind signage for ports operator DP World at an entrance to the Port Botany compound in Sydney on Nov. 13, 2023.

UAE port operator DP World's profits fall 60% amid Yemen's Houthi Red Sea attacks

The Dubai-based logistics firm reported $265 million in profit for the first half of 2024 ending June 30, down from $651 million the same time last year.

United Arab Emirates

Co-founder and Ceo of Starz Play Maaz Sheikh poses in his office in Dubai on April 23, 2019. Streaming services in the Middle East are competing for Arab audiences with US giant Netflix set to release its first Arabic production in June, chasing a slice of a potentially lucrative market. (Photo by GIUSEPPE CACACE / AFP) (Photo by GIUSEPPE CACACE/AFP via Getty Images)

Netflix in crosshairs as Middle East streaming competition mounts

Samuel Wendel

In Washington, DC, reporting on regional business and tech

A man walks out of Bank Station, in The City financial district, in central London, on June 12, 2024. (Photo by BENJAMIN CREMEL / AFP) (Photo by BENJAMIN CREMEL/AFP via Getty Images)

Interview

Nomo Bank sees increasing appetite for Islamic investments, ETFs

Paul Szumilewicz, chief revenue officer at UK-based Nomo Bank, said there is a growing demand from the bank’s clients to invest in exchange-traded funds (ETFs) — a pre-defined group of bonds, stocks or commodities poured into a fund and listed on the stock exchange.

Paul Szumilewicz

With Paul Szumilewicz

Nomo Bank Chief Revenue Officer

The UAE's CEPA program continues to break new ground in Africa as we conclude the terms of a deal with Morocco.

Analysis

How Morocco-UAE economic agreement could usher in new era of bilateral trade

With its CEPA program, Abu Dhabi is not only expanding its network of trade and investment partners; it is getting closer to achieving its strategic goal of increasing its non-oil foreign trade.

Sabena Siddiqui

By Sabena Siddiqui

In Karachi, reporting on South Asia, Middle East, Iran

Latest News

US election drama raises stakes for Mideast economic powers eyeing 2025

KALAMAZOO, MICHIGAN - JULY 17: U.S. Vice President Kamala Harris attends a moderated conversation with former Trump administration national security official Olivia Troye and former Republican voter Amanda Stratton on July 17, 2024 in Kalamazoo, Michigan. (Photo by Chris duMond/Getty Images)

Who is Faisal Taghi, alleged drug kingpin extradited from UAE to Netherlands?

Dubai Police extradited Faisal Taghi, a high-value target criminal wanted by Dutch authorities, to the Netherlands, on July 29, 2024.

United Arab Emirates

Gulf investment in UK real estate to hit $4B annually, says BLME

Members of the public walk along the high street on March 21, 2024, in Lewes, England.

GCC’s renewable energy push pays off with Qatar, UAE taking lead

Men wearing thawbs walk past a billboard promoting the transition to renewable energies at the UNFCCC COP28 Climate Conference the day before its official opening on November 29, 2023 in Dubai, United Arab Emirates. The COP28 is bringing together stakeholders, including international heads of state and other leaders, scientists, environmentalists, indigenous peoples representatives, activists and others to discuss and agree on the implementation of global measures towards mitigating the effects of climate c

UAE's Flydubai says Boeing delays hurt airline’s expansion plans

A flydubai Boeing 737 Max taxis at Dubai International Airport in Dubai, on Nov. 22, 2023.

United Arab Emirates

Sabena Siddiqui

In Karachi, reporting on South Asia, Middle East, Iran

Sebastian Castelier

In Dubai, reporting on regional business

Kate Dourian

In Dubai, reporting on energy

Mohammed Soliman

In Washington, DC, reporting on Gulf politics

Karen Young

In Washington, DC, reporting on regional energy

Trump Tower interior

Trump adds to Gulf portfolio with Dubai tower deal

The Trump Organization and Dar Global have unveiled a new development, adding to others in Oman and Saudi Arabia this year.

United Arab Emirates

In this picture taken on May 10, 2023, people attend the UAE Climate Tech Forum in Abu Dhabi. Faced with mounting pressure over planet-heating pollution, the Arab Gulf's energy giants are turning to humble tech start-ups as they search for ways to remove emissions while keeping oil flowing. (Photo by Karim SAHIB / AFP) (Photo by KARIM SAHIB/AFP via Getty Images)

Tech investment slump reaching critical stage for cash strapped Middle East startups

Samuel Wendel

In Washington, DC, reporting on regional business and tech

United Arab Emirates President Sheikh Mohammed bin Zayed Al Nahyan reviews the honour guard.

China, UAE hold air force drills in Xinjiang as defense relations grow

The joint air force training exercise, dubbed Falcon Shield, began on Wednesday in the northwest Xinjiang province of China and will continue until late July.

United Arab Emirates

Saudi and foreign journalists are pictured at the Future Investment Initiative forum at the King Abdulaziz Conference Center in Saudi Arabia's capital Riyadh on Oct. 29, 2019.

Middle East startups see funding fall by 34% in first half of 2024

Although startup funding levels have plateaued globally, MENA reported an increase in early-stage rounds and investor participation.

United Arab Emirates

RYAN LIM/AFP via Getty Images

Analysis

What's next for Turkey-UAE ties as economic cooperation hits record high?

The fast-improving ties between the United Arab Emirates and Turkey will reach new heights and create employment opportunities in both countries, industry experts and Turkish officials believe.

Barin Kayaoglu

By Barin Kayaoglu

In Ankara, reporting on geopolitics and national security

India's Prime Minister Narendra Modi gestures before his speech as he holds a letter by President Droupadi Murmu (not pictured) requesting him to form the country's new government, at the presidential palace Rashtrapati Bhavan in New Delhi on June 7, 2024.

Analysis

Can Modi fast-track India-Mideast-Europe corridor post-reelection?

Ramping up initial phase of the corridor between India and the United Arab Emirates tops the agenda in New Delhi.

Sabena Siddiqui

By Sabena Siddiqui

In Karachi, reporting on South Asia, Middle East, Iran

TOPSHOT - Smoke billows as an Egyptian farmer burns hay stubbles in Qaliubia, some 40 kms north of Cairo, on October 23, 2006. The post-harvest burning suffocates Cairo, one of the most polluted cities in the world. AFP PHOTO/KHALED DESOUKI (Photo by Khaled DESOUKI / AFP) (Photo by KHALED DESOUKI/AFP via Getty Images)

Climate crisis stokes growing challenges amid Middle East economic diversification drives

Indonesian President Joko Widodo (L) listens to a speech by United Arab Emirates (UAE) Minister of State for Foreign Trade Thani Ahmed Al Zeyoudi (R) during the inauguration of the newly built floating solar power plant on the water that can generate 192 mega watts of peak electricity in cooperation between the Indonesian government and Masdar from the UAE, at Cirata Reservoir, West Java, on November 9, 2023. (Photo by BAY ISMOYO / AFP) (Photo by BAY ISMOYO/AFP via Getty Images)

Interview

G42-Microsoft partnership in Kenya 'just the beginning,' says UAE trade minister

In an exclusive interview with Al-Monitor, Dr. Thani Ahmed Al Zeyoudi discusses momentum in UAE trade with the US, the benefits of economic diversification and Africa’s priority in UAE trade policy.

Dr. Thani Ahmed Al Zeyoudi

With Dr. Thani Ahmed Al Zeyoudi

UAE Minister of State for Foreign Trade

Ground crews prepare an Emirates Boeing 777-300ER aircraft, powering one of its engines with a hundred per cent Sustainable Aviation Fuel (SAF), for a demonstration flight at the Dubai International Airport in Dubai, on January 30, 2023. - Emirates said it successfully flew a Boeing 777 powered by sustainable aviation fuel today, as the Middle East's largest airline aims to halve its jet fuel consumption. The Dubai-based carrier has used sustainable aviation fuel (SAF) since 2017, but said its test flight w

Are GCC states prepared for net zero in aviation?

Kate Dourian

In Dubai, reporting on energy

A general view of the city skyline at sunset from Dhow Harbour, Abu Dhabi, United Arab Emirates, Feb. 5, 2015.

Analysis

Is Abu Dhabi Global Market poised to rival world’s leading financial hubs?

The Abu Dhabi Global Market, an international free zone in the heart of the UAE capital, is attracting global companies and investors as it looks to become one of the world's leading financial hubs.

Vanessa Ghanem

By Vanessa Ghanem

In Dubai, reporting on business, energy and politics

Researchers believe these ancient residential buildings may represent part of the lost city of Tu'am in the United Arab Emirates. The city is thought to have reached its zenith in the sixth century.

Ancient lost city may have been unearthed in UAE: What we know

Archeologists believe recent discoveries in the United Arab Emirates’ Al Sinniyah Island may be connected to an ancient city famed for its pearls that fell into decline after the sixth century.

United Arab Emirates

UAE National Security Advisor Sheikh Tahnoon Bin Zayed Al Nahyan meets Microsoft co-founder Bill Gates in Seattle on June 7, 2024.

Analysis

With China rivalry in mind, UAE's Sheikh Tahnoon hits tech reset in US visit

Sheikh Tahnoon bin Zayed Al Nahyan, the United Arab Emirates’ national security adviser and an influential brother of the country’s president, visited Washington this month.

In Bristol, reporting on regional business, climate change, AI, tech