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30.09.26 - 08:06
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How Abu Dhabi′s Crown Price Is Trying to Bypass Hormuz (Bloomberg)
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Abu Dhabi Crown Prince Sheikh Khaled bin Mohamed Al Nahyan took the helm of a $300 billion sovereign wealth fund which has become central to building the infrastructure needed to override Iran's stranglehold over the Strait of Hormuz. The fund is now likely to spend tens of billions of dollars more on new port infrastructure outside the embattled strait, people familiar with the matter said. Bloomberg's Alex Dooler reports. (Source: Bloomberg)...
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30.09.26 - 00:30
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UAE′s Next $25 Billion Bet On India Includes Energy Sector (ZeroHedge)
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UAE's Next $25 Billion Bet On India Includes Energy Sector
Authored by Tsvetana Paraskova via OilPrice.com,
The United Arab Emirates has expressed intent to invest another $25 billion in India, including in the energy sector, Indian Commerce and Industry Minister Piyush Goyal said at a high-level meeting in Mumbai.
The UAE has already invested about $25 billion in India and has signaled its intent to invest another $25 billion in the near term, the Indian minister said at the 14th Meeting of the India-UAE High Level Joint Task Force on Investments.
The UAE ultimately targets to have $100 billion invested in India in the long term, according to the minister.
The UAE-India meeting was co-chaired by Sheikh Hamed bin Zayed Al Nahyan, managing director of Abu Dhabi Investment Authority (ADIA), and was attended by Thani bin Al Zeyoudi, the Emirati Minister of Foreign Trade.
The Indian minister noted that he held "productive discussions on further strengthening our robust trade & investment partners...
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25.09.26 - 03:06
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Hong Kong catching up with Dubai in ′super-prime′ property sales amid Iran war (SCMP)
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Hong Kong has significantly narrowed Dubai's lead as the world's top market for “super-prime” residential property in recent months, as rising conflict weighs on activity in the Middle East market, according to Knight Frank.
Dubai retained first place for deals involving homes sold for US$10 million or more in the second quarter of the year, with 131 sales worth a combined US$2.17 billion, but the total value of those transactions fell 27 per cent compared with the previous quarter.
Hong Kong,......
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25.09.26 - 01:27
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′Silicon Wadi′: UAE Firms Touted To Join Israeli Tech Project In East Jerusalem (ZeroHedge)
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'Silicon Wadi': UAE Firms Touted To Join Israeli Tech Project In East Jerusalem
Via Middle East Eye
The Israeli-run municipality of Jerusalem has recruited companies from the United Arab Emirates to invest in a modern industrial park, called Silicon Wadi, in the city's occupied east. However Palestinian urban planning experts have told Middle East Eye that the plans and the UAE's involvement has been kept unusually under wraps.
Fleur Hassan-Nahoum, Israel's deputy mayor of Jerusalem, told Makor Rishon newspaper that "Jerusalem's branding in the UAE is very strong. They are very excited to see someone from Jerusalem and waiting to visit there." Israel and the United Arab Emirates have been building official ties since August 2020, when they announced a normalization of relations.
via Associated PressHassan-Nahoum, who visited the UAE last week, is in charge of the foreign relations and tourism portfolios on behalf of the municipality. My dream is that Jerusalem will become a hig...
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