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28.10.26 - 08:12
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Yulan bond debuts in Dubai amid Beijing′s yuan-denominated asset push (SCMP)
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Against a backdrop of geopolitical strains in the Middle East, the Yulan renminbi bond structure has made its debut in Dubai, garnering strong investor interest with its order book more than five times oversubscribed, as global investor appetite for yuan assets remains firm.
Bank of China Dubai rang the listing bell at Nasdaq Dubai on Tuesday for its offshore bond, issued under the Yulan structure. Priced at 2 billion yuan (US$299.6 million) with a two-year tenor, the deal tightened 50 basis......
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26.10.26 - 19:21
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Oil Spill Off UAE Coast Widens, More Beaches Closed, After Tanker Hit (ZeroHedge)
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Oil Spill Off UAE Coast Widens, More Beaches Closed, After Tanker Hit
The disastrous oil spill impacting the United Arab Emirate's coast is spreading, which has resulted in government authorities closing more beaches.
"Satellite images show the oil spill approaching the Emirate's northern Umm Al Quwain shores. Efforts are underway to contain the leakage, the UAE's Environment Ministry said," as quoted in Al Jazeera.
via ReutersAnd Reuters writes Monday, "Images from the European Union's Copernicus satellite observation network dated October 24 show the oil spill has widened over the last few days and is reaching close to the shores of the northern Umm Al Quwain emirate, with dark layers of oil spreading at sea and along its coastline."
Further, Bloomberg confirms: "Sharjah said Al Hamriya Beach has been closed as a precautionary measure to prevent pollution from the oil spill. Ras Al Khaimah said that all its beaches are closed until further notice, without s...
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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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