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The United Arab Emirates (UAE) and Hong Kong have renewed their desire to further develop their trading ties. UAE wants to be the inevitable hub in the Middle East and has been reinforcing its ties with trading partners from different Read more
The void left by the departure of the United Arab Emirates at the Afsin-Elbistan coal-fired power plant project in Turkey could be filled by Qatar after it signed a Memorandum of Understanding (Mou) in energy generation. Turkey is seeking to Read more
Oman will be spending more than $50 billion in its five year development project which stretches from 2011 to 2015. The plan is aimed at modernizing and upgrading the country’s infrastructures and bridging it closer to regional countries. Almost $78 Read more
German airline, Lufthansa, is enjoying a rampant growth in the Gulf and the Middle East and the trend is expected to continue. Although the year has not ended, the airline has already registered a 10% growth of customers in the Read more
Dubai has revealed its intentions to become an Islamic economy where business in several sectors based on Islamic principles could flourish. It also wants to become a hub for the transactions of Islamic bonds and willing to compete with the Read more
The United Arab Emirates (UAE) has strongly responded to President Merzouki’s statements directed at Egypt at the United Nations General Assembly. It recalled its ambassador from Tunis and claimed that the Islamist led coalition government is “forcing a certain model Read more
Dubai is bracing for the first “Global Islamic Economy Summit” to be held from the 25th to the 26th of November 2013. The summit will be first of its kind in the Islamic World, which has an estimated consumer base Read more
The United Arab Emirates has taken a bold move towards developing its surveillance and monitoring capabilities by concluding a deal worth almost a billion dollars with Astrium, the space division of European Aeronautic Defense and Space Company (EADS). The deal Read more
Tehran has been importing high-grade refined alumina ore from European countries that are not included in EU’s sanctions but could be used in making armor parts and missile components. Although the latest US sanction effective this month include “raw or Read more
Vladimir Putin said that the Russian Direct Investment Fund (RDIF) and the Mubadala Development Company from the United Arab Emirates would join efforts in investing in the Russian infrastructure. Mubadala was established in 2002, and is an active global investor Read more