UAE

The UAE will store up to 30 million barrels of crude oil in India's strategic petroleum reserves following Prime Minister Narendra Modi's recent visit to Abu Dhabi.

May 09, 2026 Reported by AI

Egypt’s Minister of Electricity and Renewable Energy Mahmoud Esmat held talks with a delegation from UAE-based AMEA Power to review progress on renewable energy and battery storage projects with a combined capacity of 1,500 MW.

South Korea's foreign ministry announced a chartered Etihad Airways flight to evacuate nationals from the UAE on Sunday, as Iran-US tensions disrupt flights in the Middle East. With around 3,000 Koreans stranded, the embassy will accept applications starting early Saturday, prioritizing critically ill patients, those with severe disabilities, pregnant women, the elderly, and infants.

March 05, 2026 Reported by AI

The ongoing conflict in Iran has interrupted Russia's supply chains for luxury goods, including cars, iPhones, and jewelry, primarily routed through the United Arab Emirates. Closures in the Strait of Hormuz and air traffic disruptions threaten shortages if the situation persists beyond a month. Importers warn of stranded vehicles and delayed deliveries amid existing Western sanctions.

A cryptocurrency startup founded by the Trump family received a $500 million investment from an Emirati royal's firm just before Donald Trump's 2025 inauguration. The deal, involving Sheikh Tahnoon bin Zayed Al Nahyan, has raised questions about conflicts of interest amid the president's foreign policy decisions. Despite its scale, the arrangement has drawn limited political scrutiny.

February 06, 2026 Reported by AI

The Kenya National Chamber of Commerce and Industry (KNCCI) has opened a new representative office in Dubai to strengthen trade with Middle Eastern countries, especially for agricultural products like avocados. The initiative aims to reduce fraud and payment delays that cause significant losses for Kenyan traders.