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25.10.26 - 07:18
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′That′s the way the city works′: how the UAE changed the face of Andy Burnham′s Manchester (The Guardian)
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The story of the emirates' presence in Manchester winds from the Arab Spring to some of the most deprived places in England – with complicated results Emirati-linked firms' ownership of Manchester land 'up 39%' in 10 yearsWhen Hosni Mubarak, Egypt's long-ruling dictator, was toppled from power in the Arab spring protests of 2011, his downfall sent shock waves across the Middle East. It also helped change the face of modern Manchester.Mubarak's successor, the Muslim Brotherhood leader Mohamed Morsi, was a sworn enemy of the United Arab Emirates, whose rulers feared the advance of Morsi's Islamism. Continue reading......
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25.10.26 - 00:30
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Record Oil, Empty Tanks: The UAE′s Miracle Recovery (ZeroHedge)
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Record Oil, Empty Tanks: The UAE's Miracle Recovery
Authored by Larry Johnson via Sonar21.com
Good news, everyone. The war is over, at least in the United Arab Emirates. That is the only conclusion you could draw from this month's headlines. On October 14, Bloomberg reported the International Energy Agency's estimate that UAE oil supply hit a record 5.3 million barrels a day in September. Fujairah, the port the Emirates built so they would never have to worry about the Strait of Hormuz, loaded a record 2.62 million barrels a day. The giant Ruwais refinery was declared back at full capacity at the end of August. Pop the (non-alcoholic) champagne.
Then Karl Miller sent me his October 22 assessment of the UAE's oil and gas system, and spoiled the party. The Emirates have indeed recovered their crude exports. What they have not recovered is everything else. The gas business is still limping, the petrochemical plants are starving for feedstock, and the fuel reserves that are supposed to carry t...
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24.10.26 - 08:00
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HSBC to open new wealth centre in Abu Dhabi despite regional conflict (SCMP)
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HSBC, the biggest lender in Hong Kong and Europe, will open a new wealth management centre in Abu Dhabi in December, as the lender has not found the conflicts in the Middle East have dampened demand for its wealth business in the region, according to a senior executive.
Mohamed Al Marzooqi, CEO of HSBC in the United Arab Emirates (UAE), said the new project formed part of the lender's largest investment in the Middle East in two decades, after the opening of a wealth management centre in Dubai......
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23.10.26 - 19:36
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Major Oil Spill From Attacked Tanker Forces Closure Of UAE Beaches (ZeroHedge)
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Major Oil Spill From Attacked Tanker Forces Closure Of UAE Beaches
Amid the record pace in Iranian attacks on crude tankers in the Strait of Hormuz, many have been wondering: where does all that oil end up when it comes to severely damaged or sunken tankers?
On Friday the UAE has confirmed a deeply alarming event: some of its beaches are being shuttered as a major spill is washing up after a tanker was struck by a projectile off the UAE coast, resulting in a fire aboard the vessel and apparent major spillage. The attack incident happened earlier in October.
Regional media, illustrativeAuthorities have "detected a tanker oil spill affecting Umm Al Quwain's beaches," the Ministry of Climate Change and Environment announced in a statement.
It confirmed that the emirate in question was forced to close its beaches, and that "teams immediately began containment, cordoning, clean-up and remediation... to limit environmental impacts."
International reports have identified that t...
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