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21.05.26 - 12:21
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Dubai′s Shipping Hub Status Under Pressure As Some Industry Veterans Eye Greece (ZeroHedge)
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Dubai's Shipping Hub Status Under Pressure As Some Industry Veterans Eye Greece
Via Middle East Eye
Some shipping industry workers based in Dubai are looking to relocate from the UAE as a result of the US-Israeli war on Iran, one ship-owner and two industry sources familiar with the matter told Middle East Eye.
Western expats working in the maritime industry are eyeing the Greek capital, Athens , and Cyprus as potential alternatives to Dubai, given those countries' dominant positions in shipping and the favorable tax policies they offer the industry, the sources said.
via AFP
The search for alternatives to Dubai underscores how some expats, particularly westerners with easy access to Europe, do not expect the Gulf to return to its pre-war position anytime soon.
Around 2,000 vessels are trapped in the Gulf as a result of competing US and Iranian blockades of the waterway. But the shipping industry is experiencing a boom as a result of the war. The lockdown of vessels has compressed suppl...
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19.05.26 - 21:09
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Nigeria Needs New Export Markets As UAE′s Exit Rattles OPEC (ZeroHedge)
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Nigeria Needs New Export Markets As UAE's Exit Rattles OPEC
By Tsvetana Paraskova of Oilprice.com
Nigeria should market its crude oil to new buyers as the UAE's decision to leave OPEC is dislocating the balance that the cartel and the OPEC+ group have been seeking for years, according to Wole Ogunsanya, chairman of the Petroleum Technology Association of Nigeria (PETAN).
The official urged Nigeria's state oil and gas firm NNPC and other producers of Nigerian crude to tap new markets.
“When OPEC gives you a quota, it's left for you to find who is going to buy it,” Nigerian outlet This Day quoted Ogunsanya as saying.
“And we have one of the best crude oil in the world. So we need NNPC and all producers to market Nigerian production,” the official added.
The abrupt exit of the United Arab Emirates from OPEC and OPEC+ would disrupt the balance the groups have been keeping for years, according to Ogunsanya.
“The decision by the UAE, which they have a sovereign right to do, is for thei...
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19.05.26 - 03:54
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UAE Paid New York Firm Millions To Bury Article On Ambassador′s Links To Sex Traffickers: Report (ZeroHedge)
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UAE Paid New York Firm Millions To Bury Article On Ambassador's Links To Sex Traffickers: Report
Via The Cradle
The UAE paid New York-based reputation management firm Terakeet more than $6 million to bury a 2017 report revealing that the Emirati ambassador to Washington, Yousef al-Otaiba, had ties to sex workers and traffickers, according to a New York Times (NYT) report published on Sunday.
The campaign was designed to push the Intercept report out of public sight on Google search results. According to Foreign Agents Registration Act records cited by the paper, Terakeet's work for the UAE began in July 2019 and continues today.
via The Intercept
Much of the account focused on promoting tourism in the UAE, but NYT reported that Terakeet's work also extended to suppressing the damaging Otaiba report. Otaiba declined to comment beyond confirming that Terakeet has worked for the UAE.
The effort was kept off paper, with account manager Kenneth Schiefer moving to Washington for more than...
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