Top- News zu Vereinigte Arabische Emirate

 

Trafigura Group asked a Dubai court to tighten financial restrictions on Prateek Gupta's wife, as it looks to recoup more than $700 million in damages owed by him for sales of fake nickel....

Sellers of luxury villas have wiped tens of millions of pounds off asking prices, with sales down 19% in May from the previous monthProperty sales in Dubai have fallen “off a cliff”, a leading market watcher has said, after war in the Middle East forced a dramatic slowdown in one of the world's most expensive real estate markets.Sales in the city dropped 19% in May compared with the previous month, accelerating from a 4% drop in April, the researcher ValuStrat found. Continue reading......

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"Zero Hormuz Dependency": UAE Races To Rewire Energy Flows, Bypassing Chokepoint Chaos The shuttered Strait of Hormuz is expected to reopen within days, though conflicting reports suggest the US-Iran memorandum of understanding could be formally signed as early as today, Thursday, or Friday. Either way, the interim peace deal appears likely to be signed within the next 48 hours, setting the stage for energy flows through the critical maritime chokepoint to begin normalizing, a process that could take many months. The broader takeaway is that buyers of crude, refined products, and LNG now have to rethink their sourcing stack after the US-Iran conflict effectively shut Hormuz for several months. That means diversifying supply chains and reducing exposure to single-point maritime chokepoints. For Gulf energy producers, the Hormuz disruption will accelerate a massive push toward alternative export channels that bypass Hormuz entirely, potentially reducing Tehran's ability to use the strait as a...

A fully-loaded corn ship bound for Iran entered the Persian Gulf after crossing the US blockade line outside the Strait of Hormuz, ahead of the US-Iran interim peace deal aimed at reopening the waterway....

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Emirates Airline is offering travel insurance that includes medical coverage for war-related incidents and extended-stay support during disruptions, another example of how Gulf carriers are trying to reboot their businesses now that a US-Iran peace deal is on the table....

As the world awaits the full reopening of the Strait of Hormuz following the signing of an interim peace deal between Iran and the US, the United Arab Emirates is working on a highly ambitious plan to try to end its dependence on the critical chokepoint....

Abu Dhabi National Oil Co has hired commodities veteran Benoit Roulon to head up its trading arm, part of the long-term expansion plan at the Middle Eastern producer which quit OPEC last month....

Three months into a conflict that has roiled the Middle East, a nuanced picture is emerging on the state of Dubai's housing market. The total value of transactions is down steeply, though prices have proved more resilient and buyers continue to seek out pockets of opportunity....

Der G7-Gipfel am Genfersee startet nach der Iran-Einigung unter positiven Vorzeichen. Macron hat jede Menge Gäste eingeladen, darunter Selenskyj. Denn auch zu besprechen gibt es jede Menge....

The Abu Dhabi government is fast-tracking its push to extensively tap into China's technologies, from renewable energy and electric vehicles (EVs) to robotics, as it pursues a greener economy, according to its energy chief. Abdulla Humaid Al Jarwan, chairman of the Abu Dhabi department of energy, told the SCMP that his department was in talks with 22 Chinese firms, including Contemporary Amperex Technology Ltd (CATL), during a recent visit to Shanghai, and expected a deepened tie-up with China's......

The statement follows a Reuters report that the UAE has agreed to unlock billions of dollars of frozen funds for Iran....

When Tim Clark touched down in Berlin early in the week, the Emirates president saw little to like from his jet....

Nahost - Die Vereinigten Arabischen ‌Emirate (VAE) haben Insidern ​zufolge bereits Gelder in Höhe von mehr als drei Milliarden Dollar für den Iran freigegeben....

Sources tell Reuters news agency UAE releasing funds to ease tensions with Iran, allow both sides to avoid 'red lines'....

IFFCO Group, one of the Middle East's largest consumer goods companies, has emerged as an unwelcome headache for HSBC Holdings Plc at a time when Chief Executive Officer Georges Elhedery is trying to make the British lender leaner, simpler and more disciplined with capital....

Backroom Detente: A Curious Lack Of Iranian Strikes On UAE, While Others Get Hit President Trump is vowing another consecutive night of even heavier US military strikes on Iran. Yesterday's salvo involved at least 49 Tomahawk missile strikes, mainly happening against southern coastal areas off the Strait of Hormuz. Amid Iran's counter-attacks on Gulf nations and reportedly on American bases hosted in these Arab Gulf allied states, there's been a curious lack of any new launches against the United Arab Emirates.  Kuwait and Bahrain have been hit especially hard in this week's new flare-up in cross-Gulf fighting, but again, the UAE has been spared - after previously coming under significant attacks during the opening month of Operation Epic Fury. Even faraway Jordan has been targeted in the new 'retaliatatory' attacks. But Bloomberg on Thursday revealed the reason - Iran and the UAE have apparently reached an 'understanding' after some backroom dealing and diplomacy. "Senior nation...

A wave of oil from the Middle East is set to arrive in Europe next month, a tangible example of how a collapse in Chinese imports is helping other countries to cope with the unprecedented supply disruption wrought by the Iran war....

An Abu Dhabi-based investor is considering building exposure worth $15 billion with global hedge funds, people familiar with the matter said, an outlay that will mark one of the emirate's most significant forays into the sector....