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☆ Gaza aid corridor from Cyprus could start this weekend, says EU president
▼ + stars: | 2024-03-08 | by ( ) www.cnbc.com time to read: +3 min

The European officials and Canada's Prime Minister are visiting the capital Kyiv on the second anniversary of the start of the Russian full-scale invasion in Ukraine. (Photo by STR/NurPhoto via Getty Images)A sea corridor to take desperately needed aid from Cyprus to besieged Palestinians in Gaza could start this weekend, the European Union said on Friday. U.S. President Joe Biden said on Thursday that a temporary port would be built in Gaza to facilitate a flow of aid by sea, initially from Cyprus. "The maritime corridor can make a real difference ... but, in parallel, our efforts to provide assistance to Palestinians through all possible routes of course will continue," Von der Leyen said. Cyprus tested an on-island screening mechanism in January, when British and Cypriot aid for Gaza was dispatched to Egypt.

Persons: Ursula von der, Belgium Alexander De Croo, Giorgia Meloni, Canada Justin Trudeau, Ukraine Volodymyr Zelensky, Joe Biden, Ursula von der Leyen, Nikos Christodoulides, Von der Leyen, Sheikh Mohammed bin Zayed Al Nahyan, Christodoulides Organizations: Canada's, Getty, European Union, Cypriot, United, United Arab Emirates, United Nations, EU Locations: Belgium, Italian, Canada, Ukraine, Kyiv, Russian, Cyprus, Gaza, Cypriot, Larnaca, United Arab, Palestinian, EU, UAE, United States, Christodoulides, Egypt

☆ King Charles says world heading for ‘dangerous uncharted territory’ as climate crisis deepens
▼ + stars: | 2023-12-01 | by ( Laura Paddison | ) edition.cnn.com time to read: +4 min

CNN —King Charles III told world leaders Friday that the warning signs of the climate crisis are being ignored and that the world is heading for “dangerous uncharted territory,” with devastating consequences for lives and livelihoods. The King called for a series of measures, including a ramp-up of public and private finance, to tackle the climate crisis and rapidly increase renewable energy. The King did not attend last year’s COP27 summit in Egypt, after the then UK Prime Minister, Liz Truss advised him against going. CNN understood at the time that, the monarch and government jointly agreed that the climate summit wasn’t the right occasion for the King’s first trip overseas as sovereign. The US announced a commitment of $17.5 million, which some experts and advocacy groups said was “embarrassing.”World leaders including India’s Prime Minister Narendra Modi, Brazil’s President Lula Da Silva, UK Prime Minister Rishi Sunak and Prime Minister of Barbados Mia Mottley are due to address delegates later.

Persons: King Charles III, King, ”, won’t, Liz Truss, Sheikh Mohammed bin Zayed Al Nahyan, “, Narendra Modi, Lula Da Silva, Rishi Sunak, Barbados Mia Mottley, CNN’s Lauren Said, Moorhouse, Angela Dewan, Ella Nilsen Organizations: CNN, UAE, CNN’s Royal, United Arab, US, India’s, Brazil’s, UK Locations: Dubai, Pakistan, Bangladesh, East Africa, Egypt, UAE, United Arab Emirates, Germany, Barbados

President of the United Arab Emirates Sheikh Mohamed bin Zayed Al Nahyan attends the United Nations Climate Change Conference (COP28) in Dubai, United Arab Emirates, December 1, 2023. REUTERS/Amr Alfiky Acquire Licensing RightsDUBAI, Dec 1 (Reuters) - United Arab Emirates President Sheikh Mohammed Bin Zayed Al Nahyan, whose country is hosting the COP28 climate summit, announced on Friday the establishment of a $30 billion climate fund that aims to attract $250 billion of investment by the end of the decade. Dubbed ALTÉRRA, the fund will allocate $25 billion towards climate strategies and $5 billion specifically to incentivise investment flows into the Global South, according to a statement by the COP28 Presidency. ALTÉRRA has also committed to invest $2 billion into its second Brookfield Global Transition Fund. ALTÉRRA was established by Lunate, a newly set up Abu Dhabi-based alternative investment manager with over $50 billion in assets.

Persons: United Arab Emirates Sheikh Mohamed bin Zayed Al Nahyan, Amr Alfiky, Sheikh Mohammed Bin Zayed Al Nahyan, ALTÉRRA, BlackRock, Abu, Sheikh Tahnoon bin Zayed Al Nahyan, William James, Nadine Awadalla, Al Sayegh, Tommy Reggiori Wilkes, Susan Fenton, Sharon Singleton, Miral Organizations: United, United Nations, Change, United Arab Emirates, REUTERS, Rights, BlackRock, TPG, Brookfield Asset Management, Transition, Lunate, Chimera Investment, Reuters, Thomson Locations: United Arab Emirates, Dubai, United Arab, COP28, Brookfield, Abu Dhabi, UAE

☆ US advises its citizens in Gaza to move closer to Egypt's Rafah crossing
▼ + stars: | 2023-10-14 | by ( Humeyra Pamuk | Thomson Reuters | Humeyra Pamuk Is A Senior Foreign Policy Correspondent Based In Washington Dc. She Covers The U.S. State Department | ) www.reuters.com time to read: +4 min

Washington has been working with Egypt, Israel and Qatar to open the Rafah crossing on Saturday afternoon to allow Palestinian-Americans to leave, a senior State Department official said earlier. "We have informed U.S. citizens in Gaza with whom we are in contact that if they assess it to be safe, they may wish to move closer to the Rafah border crossing," a U.S. State Department spokesperson said. "There may be very little notice if the crossing opens and it may only open for a limited time." [1/6]Palestinians with dual citizenship gather outside Rafah border crossing with Egypt in the hope of getting permission to leave Gaza, amid the ongoing Israeli-Palestinian conflict, in Rafah in the southern Gaza Strip October 14, 2023. "And we're working together to do exactly that, in particular working on establishing safe areas in Gaza, working on establishing corridors so that humanitarian assistance can reach people who need it.

Persons: Antony Blinken, Blinken, Prince Faisal Bin Farhan, Abu Mustafa, Wang Yi, Matthew Miller, Sheikh Mohammed bin Zayed Al Nahyan, Saudi Crown Prince Mohammed bin Salman, Humeyra Pamuk, Matt Spetalnick, James Mackenzie, Helen Popper, Sharon Singleton, Mark Potter, Daniel Wallis Organizations: U.S, Saturday, State Department, Hamas, U.S . State Department, Palestinian, Saudi Foreign, REUTERS, United Arab, Saudi Crown, Thomson Locations: ABU DHABI, Gaza, Rafah, Egypt, Israel, Washington, Qatar, Palestinian, Antony Blinken . Washington, U.S, Riyadh, American, Beijing, it's, Saudi, United Arab Emirates

“The world only, for whatever reason, views us as an oil-and-gas nation,” he said. “We have moved beyond oil and gas 20 years ago. We embraced the energy transition 20 years ago.”He added: “We don’t become passionate or ideological or so emotional. We’re results-driven.”Political Cartoons View All 1190 ImagesAl-Jaber, a 50-year-old longtime climate envoy, is a trusted confidant of UAE leader Sheikh Mohammed bin Zayed Al Nahyan. Addressing the world's reliance on crude oil, al-Jaber issued a challenge to the audience listening to him at Dubai's Museum of the Future: Tell him how to immediately stop the use of all fossil fuels.

Persons: “, Sultan al, Jaber, ”, Sheikh Mohammed bin Zayed Al Nahyan, He’s Organizations: United Arab Emirates, United, Abu Dhabi National Oil Co, General, Emirates, Dubai's Museum Locations: DUBAI, United Arab, United Nations, Abu Dhabi, UAE, al

☆ Factbox: Who is attending the G20 summit in New Delhi?
▼ + stars: | 2023-09-08 | by ( ) www.reuters.com time to read: +2 min

People stand infront of Nataraja, a statue of Hindu lord Shiva as the cosmic dancer, installed next to 'Bharat Mandapam', the main venue of the G20 Summit, in New Delhi, India, September 7, 2023. REUTERS/Altaf Hussain Acquire Licensing RightsNEW DELHI, Sept 8 (Reuters) - Leaders from the Group of 20 (G20) major economies kick off an annual summit meeting on Saturday to coordinate policy on food security, debt problems of vulnerable countries and climate action. Here is a list of those attending and some key leaders who are skipping the meeting in the Indian capital, New Delhi. G20 LEADERS:ARGENTINA'S PRESIDENT ALBERTO FERNANDEZ AUSTRALIAN PRIME MINISTER ANTHONY ALBANESE BRAZIL'S PRESIDENT LUIZ INACIO LULA DA SILVABRITISH PRIME MINISTER RISHI SUNAK CANADIAN PRIME MINISTER JUSTIN TRUDEAU FRENCH PRESIDENT EMMANUEL MACRON GERMAN CHANCELLOR OLAF SCHOLZINDIAN PRIME MINISTER NARENDRA MODI INDONESIAN PRESIDENT JOKO WIDODOITALIAN PRIME MINISTER GIORGIA MELONIJAPANESE PRIME MINISTER FUMIO KISHIDA SAUDI ARABIA'S CROWN PRINCE MOHAMMED BIN SALMANSOUTH AFRICAN PRESIDENT CYRIL RAMAPHOSA SOUTH KOREAN PRESIDENT YOON SUK-YEOLTURKISH PRESIDENT TAYYIP ERDOGAN U.S. PRESIDENT JOE BIDENEUROPEAN UNION: PRESIDENT OF THE EUROPEAN COMMISSION URSULA VON DER LEYEN AND PRESIDENT OF THE EUROPEAN COUNCIL, CHARLES MICHELSPECIAL INVITEES:BANGLADESH PRIME MINISTER SHEIKH HASINAEGYPT PRESIDENT ABDEL FATTAH AL-SISIMAURITUIUS PRIME MINISTER PRAVIND KUMAR JUGNAUTHNETHERLANDS PRIME MINISTER MARK RUTTE NIGERIA'S PRESIDENT BOLA TINUBU OMAN'S SULTAN HAITHAM BIN TARIK AL-SAID SINGAPORE PRIME MINISTER LEE HSIEN LOONG UAE PRESIDENT SHEIKH MOHAMMED BIN ZAYEDOTHERS ATTENDINGU.S. Treasury Secretary Janet YellenThe heads of the United Nations, the International Monetary Fund, the World Bank, the World Health Organisation, the World Trade Organisation, the International Labour Organisation, the Financial Stability Board and the Organisation for Economic Cooperation and Development. NOTABLE MISSING GUESTSCHINESE PRESIDENT XI JINPING (represented by Prime Minister Li Qiang)MEXICAN PRESIDENT ANDRES MANUEL LOPEZ OBRADORRUSSIAN PRESIDENT VLADIMIR PUTIN (represented by Foreign Minister Sergei Lavrov)Sources: Reuters, officials, state media and domestic mediaCompiled by Aftab Ahmed and Shivangi Acharya; Editing by Sanjeev Miglani and Raju GopalakrishnanOur Standards: The Thomson Reuters Trust Principles.

Persons: Shiva, Bharat Mandapam, Altaf Hussain, ALBERTO FERNANDEZ, ANTHONY ALBANESE, LUIZ INACIO LULA DA SILVA, JUSTIN TRUDEAU, EMMANUEL MACRON, OLAF SCHOLZ INDIAN, NARENDRA MODI, JOKO, GIORGIA, FUMIO KISHIDA, FUMIO KISHIDA SAUDI ARABIA'S CROWN PRINCE MOHAMMED BIN SALMAN, CYRIL RAMAPHOSA, YOON SUK, TAYYIP ERDOGAN, JOE BIDEN, URSULA VON DER, CHARLES MICHEL SPECIAL, SHEIKH HASINA, ABDEL FATTAH, PRAVIND KUMAR, MARK RUTTE, BOLA TINUBU, HAITHAM BIN TARIK, LEE HSIEN LOONG, SHEIKH MOHAMMED BIN ZAYED, Janet Yellen, XI JINPING, Li Qiang, ANDRES MANUEL LOPEZ, VLADIMIR PUTIN, Sergei Lavrov, Aftab Ahmed, Shivangi, Sanjeev Miglani, Raju Gopalakrishnan Organizations: REUTERS, LUIZ INACIO LULA DA SILVA BRITISH, FUMIO KISHIDA SAUDI ARABIA'S CROWN, CYRIL RAMAPHOSA SOUTH, TAYYIP ERDOGAN U.S, OF, EUROPEAN, CHARLES MICHEL SPECIAL INVITEES, ABDEL FATTAH AL, Treasury, United Nations, International Monetary Fund, World Bank, World Health Organisation, World Trade Organisation, International Labour Organisation, Organisation for Economic Cooperation, Development, Foreign, Thomson Locations: New Delhi, India, DELHI, BANGLADESH, SHEIKH HASINA EGYPT, NETHERLANDS, SINGAPORE, LEE HSIEN LOONG UAE, MEXICAN, RUSSIAN

☆ An Oil-Rich Ally Tests Its Relationship With the U.S.
▼ + stars: | 2023-08-08 | by ( Vivian Nereim | More About Vivian Nereim | ) www.nytimes.com time to read: +1 min

The ruler of the United Arab Emirates, Sheikh Mohammed bin Zayed, is a key American ally who counts on the United States to defend his country. These deepening relationships show how a Middle Eastern leader viewed by the U.S. government as an important partner is increasingly striking out on his own path. American officials have had limited success in persuading Sheikh Mohammed to align with U.S. foreign policy — particularly when it comes to limiting Chinese military ties and isolating Russia after the invasion of Ukraine. Instead, the Emirates has thrived on inflows of Russian money, oil and gold, fueling a feeding frenzy in real estate in the glittering metropolis of Dubai. The growing ties with both American rivals and expanding economies like India are all in preparation for a world that may someday be no longer dominated by the United States.

Persons: Sheikh Mohammed bin Zayed, Vladimir V, Putin, Sheikh Mohammed Organizations: United Arab, U.S, Emirates Locations: United Arab Emirates, American, United States, Russia, Russian, Ukraine, Dubai, India

☆ How Saudi Arabia and UAE learned to stop worrying and love Turkey's Bayraktar drones
▼ + stars: | 2023-08-06 | by ( Paul Iddon | ) www.businessinsider.com time to read: +8 min

Saudi Arabia and the UAE have signed multibillion-dollar deals for Turkish drones in recent months. Azeri Ministry of DefenseSaudi Arabia previously showed interest in procuring Turkish drones and securing rights for local production. Bakir told Insider that Turkish drones have gained "global recognition" due to their "affordability, efficiency, and lethal capabilities" and documented successes over modern battlefields. "Moreover, Saudi Arabia could use such capabilities to balance Iran's drone technology in the long run," Ozeren said. Ozeren said the Saudi deal could help Baykar "monopolize" drone technology in Turkey but noted that crucial details about the agreement remain unknown.

Persons: Recep Tayyip Erdogan, Baykar, Abu Dhabi's, Loong, Loongs, Abu Dhabi, Abu, Ali Bakir, Erdogan, Mohammed bin Salman, Murat Kula, Bakir, Suleyman Ozeren, It's, Ozeren, Ali Atmaca, Sheikh Mohammed bin Zayed, Murat Centinmuhurdar, Bashar Assad, Paul Iddon Organizations: UAE, Service, United, United Arab Emirates, Turkey's Baykar Defense, Ministry of Defense, Anadolu Agency, Getty, Dassault Rafales, Ibn Khaldon, NATO, European Union, American University, Orion Policy Institute, Ataturk Airport, Security Initiative, Atlantic Council Locations: Saudi Arabia, Wall, Silicon, United Arab, Turkish, Riyadh, East, North Africa, South Caucasus, Ukraine, Armenian, Ministry of Defense Saudi Arabia, Republic of Turkey, Kuwait, UAE, Saudi, Istanbul, Yemen, Libya, Abu, Turkey, China, France, Qatar, Jeddah, Anadolu, Nahyan, Abu Dhabi

☆ Turkey's Erdogan ends Gulf tour with Abu Dhabi visit
▼ + stars: | 2023-07-19 | by ( Rachna Uppal | ) www.reuters.com time to read: +2 min

Abu Dhabi is Erdogan's last stop in a Gulf tour that included the Saudi Red Sea city of Jeddah and Doha. Reaping the benefits of his diplomatic efforts, Saudi Arabia agreed on Tuesday to buy Turkish drones in the biggest defence contract in Turkey's history. Turkey also sent troops to Doha when Saudi Arabia and the UAE imposed a blockade on Qatar in 2017. Abu Dhabi agreed last year to a $5-billion swap deal in local currencies with Ankara to help its struggling lira. Reporting by Rachna Uppal in Abu Dhabi and Yousef Saba in Dubai, writing by Aziz El Yaakoubi; Editing by Bernadette BaumOur Standards: The Thomson Reuters Trust Principles.

Persons: Tayyip Erdogan, Abu Dhabi, Cevdet Yilmaz, Mehmet Simsek, Sheikh Mohammed bin Zayed, Rachna Uppal, Yousef Saba, Aziz El Yaakoubi, Bernadette Baum Organizations: United Arab Emirates, Turkish, Thomson Locations: ABU DHABI, Abu Dhabi, Saudi Red Sea, Jeddah, Doha, Saudi Arabia, Riyadh, Turkey, UAE, Qatar, Ankara, Nahyan, Gulf, Dubai

☆ Saudi Arabia buys Turkish drones during Erdogan's visit
▼ + stars: | 2023-07-18 | by ( Aziz El Yaakoubi | ) www.reuters.com time to read: +3 min

Erdogan and Saudi Crown Prince Mohammed bin Salman attended the signing ceremony between Turkish defence firm Baykar and the Saudi defence ministry, Saudi state news agency SPA reported. Erdogan arrived in the Saudi Red Sea city of Jeddah on Monday for the first stop of a Gulf tour. Saudi Arabia will acquire the drones "with the aim of enhancing the readiness of the kingdom's armed forces and bolstering its defense and manufacturing capabilities," Defence Minister Prince Khalid bin Salman said in a tweet on Tuesday. SPA said Erdogan and Prince Mohammed attended the signing of a defense cooperation plan by Prince Khalid and Turkish Defence Minister Yasar Guler. Developing a local military industry has been part of an ambitious plan by Prince Mohammed to diversify the kingdom's economy away from oil.

Persons: Tayyip Erdogan, Erdogan, Saudi Crown Prince Mohammed bin Salman, Baykar, Prince Khalid bin Salman, Haluk Bayraktar, Jamal Khashoggi, Prince Mohammed, Prince Khalid, Yasar Guler, Cevdet Yilmaz, Mehmet Simsek, Sheikh Mohammed bin Zayed, Enas Alashray, Daren Butler, Jamie Freed, Lincoln, Tomasz Janowski, Bernadette Baum Organizations: Saudi Crown, Defence, Investments, United, United Arab Emirates, Turkish Defence, Turkish, Thomson Locations: RIYADH, Saudi Arabia, Saudi, Saudi Red Sea, Jeddah, Ankara, United Arab Emirates, Turkey, East, North Africa, Istanbul, Qatar, United Arab, Riyadh, UAE, Nahyan, Cairo

☆ Japan and UAE agree innovation, climate change cooperation
▼ + stars: | 2023-07-17 | by ( Rachna Uppal | ) www.reuters.com time to read: +4 min

State news agency WAM also said the two leaders discussed a comprehensive strategic partnership between the UAE and Japan. Japan is actively developing greener and renewable energy technologies and aims to be carbon neutral by 2050. Kishida will also try to promote Japanese know-how as energy-producing countries have pledged to achieve a net zero transition, especially ahead of the COP28 climate summit to be held in Dubai in November. The GCC is a six-nation regional union that comprises Saudi Arabia, UAE, Qatar, Kuwait, Oman and Bahrain. "The secure energy supply from the UAE has supported Japan's economic growth for many years," Kishida wrote in a piece published by UAE state news agency WAM on Sunday.

Persons: Mohamed bin Zayed Al Nahyan, Kishida, Ryan Carter, Fumio Kishida's, Sheikh Mohammed bin Zayed Al Nahyan, WAM, Saudi Crown Prince Mohammed bin Salman, Hikariko Ono, Rachna Uppal, Sakura Murakami, Andrew Mills, Aziz El Yaakoubi, Conor Humphries, David Evans, Alex Richardson, Jacqueline Wong Organizations: United Arab Emirates, United, UAE, United Arab, Japan, Qatar, Saudi Crown, Cooperation Council, GCC, Abu Dhabi National Oil Company, Thomson Locations: Japan, Qasr Al Watan, Abu Dhabi, United Arab, ABU DHABI, United Arab Emirates, UAE, State, Dubai, Saudi Arabia, Riyadh, Tokyo, Saudi, Qatar, Kuwait, Oman, Bahrain

Saudi state-run al-Ekhbariya television showed several Saudi officials welcoming Erdogan as he arrived at the venue of a Saudi-Turkish business forum in the Red Sea city of Jeddah. Erdogan is expected to meet with Saudi Crown Prince Mohammed bin Salman, the kingdom's de facto ruler, later on Monday. "Turkey will have a serious investment opportunity in the defence industry, infrastructure and superstructure investments in the three countries," he said. Ekhbaria carried live footage showing Saudi Investment Minister Khaled al-Falih addressing dozens of businessmen from both sides at the Saudi-Turkish business forum in Jeddah. Turkey's budget deficit surged to 219.6 billion lira ($8.37 billion) in June, seven times the deficit a year earlier, data showed on Monday.

Persons: Tayyip Erdogan, Erdogan, Saudi Crown Prince Mohammed bin Salman, Ekhbaria, Khaled al, Cevdet Yilmaz, Mehmet Simsek, Sheikh Mohammed bin Zayed, Yilmaz, Huseyin Hayatsever, Ali Kucukgocmen, Daren Butler, Aziz El Yaakoubi, William Maclean Organizations: Saudi Crown, . Investments, United, Turkish, Saudi Investment, Thomson Locations: ISTANBUL, RIYADH, Saudi Arabia, Turkey, Saudi, Turkish, Red Sea, Jeddah, Ankara, United Arab Emirates, Istanbul, Qatar, UAE, Nahyan

☆ Turkey expects $10 billion in Gulf investments after upcoming Erdogan visit, sources say
▼ + stars: | 2023-07-07 | by ( Orhan Coskun | ) www.reuters.com time to read: +2 min

ANKARA, July 7 (Reuters) - Turkey expects Gulf countries to make direct investments of about $10 billion initially in domestic assets as part of President Tayyip Erdogan's trip to the region in two weeks, according to two senior Turkish officials. Direct investments worth about $10 billion "should come within a short time and this is crucial," said one of the officials. "Expectations are high for the Gulf visit. Reuters reported after the visit that Turkey came away expecting direct investments soon. The official said the expected investments from Gulf states would "show confidence in the Turkish economy since it would be direct investments, which is extremely important."

Persons: Tayyip Erdogan's, Erdogan, Abu Dhabi, Cevdet Yilmaz, Mehmet Simsek, Sheikh Mohammed bin Zayed, Yilmaz, Jonathan Spicer, Ros Russell Organizations: Turkish, United Arab Emirates, Reuters, Thomson Locations: ANKARA, Turkey, Saudi Arabia, Qatar, Riyadh, Doha, Abu, Ankara, UAE, Nahyan, Turkish

☆ Leaders of Russia, UAE hold phone call on mutiny attempt in Russia
▼ + stars: | 2023-06-26 | by ( ) www.reuters.com time to read: +1 min

June 26 (Reuters) - Leaders of Russia and the United Arab Emirates held a phone call, the Kremlin and UAE's state news agency said on Monday. According to the Kremlin, United Arab Emirates President Sheikh Mohammed bin Zayed al-Nahayan was interested in hearing an assessment of the situation in Russia in connection with the Wagner group mutiny on June 24. "Having received comprehensive information, the Emirati leader declared full support for the actions of the Russian leadership." UAE's state news agency WAM said both leaders discussed bilateral relations and reaffirmed the need to preserve the stability of Russia and the safety of its people. (This story has been corrected to change the title of Sheikh Mohammed bin Zayed Al Nahyan to 'United Arab Emirates president' instead of 'Abu Dhabi crown prince' in paragraph 2)Writing by Maxim United Arab Emirates President Sheikh Mohammed bin Zayed al-NahayanRodionov Editing by Chris Reese and Lisa ShumakerOur Standards: The Thomson Reuters Trust Principles.

Persons: Sheikh Mohammed bin Zayed, Nahayan, Wagner, WAM, Sheikh Mohammed bin Zayed Al Nahyan, Abu, Chris Reese, Lisa Shumaker Organizations: Russia, United Arab Emirates, Kremlin, Maxim United Arab Emirates, Thomson Locations: Russia, Abu Dhabi

☆ Abu Dhabi's ADNOC, AI firm G42 plan IPO of technology joint venture AIQ -sources
▼ + stars: | 2023-06-22 | by ( Hadeel Al Sayegh | ) www.reuters.com time to read: +2 min

DUBAI, June 22 (Reuters) - Abu Dhabi National Oil Company (ADNOC) and Abu Dhabi artificial intelligence company G42 are having early discussions about a possible flotation of their joint venture technology firm AIQ, two sources with knowledge of the matter told Reuters. AIQ, which is 60% owned by ADNOC and 40% by G42, uses artificial intelligence and machine learning to optimise processes, improve planning and increase profitability for ADNOC and the wider oil and gas industry. AIQ recently hired veteran investment banker Youssef Salem as chief financial officer, the sources said. G42, which is backed by Abu Dhabi state fund Mubadala Investment Co, AIQ and Salem did not immediately respond to a request for comment. It listed its gas business in March after raising $2.5 billion from the IPO, which was the world's biggest in the first quarter.

Persons: AIQ, Youssef Salem, Salem, Abu, OpenAI, Sheikh Tahnoon bin Zayed, Nahyan, Sheikh Mohammed bin Zayed, ADNOC, Hadeel Al Sayegh, Stephen Coates Organizations: Abu Dhabi National Oil Company, Reuters, ADNOC, Moelis, Mubadala Investment, U.S, Microsoft Corp, Thomson Locations: DUBAI, Abu Dhabi, U.S, Salem

☆ UAE's ruler breaks with tradition and appoints his son as crown prince
▼ + stars: | 2023-03-30 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUAE's ruler breaks with tradition and appoints his son as crown princeUAE President Sheikh Mohammed bin Zayed al-Nahyan passed over his brothers, promoting them to senior roles and effectively pushed them out of the succession. CNBC's Hadley Gamble reports.

☆ UAE leader breaks with tradition, appoints son as crown prince
▼ + stars: | 2023-03-30 | by ( Natasha Turak | ) www.cnbc.com time to read: +4 min

Sheikh Khaled bin Mohammed bin Zayed Al Nahyan, the UAE leader's eldest son, is now the oil-rich Middle Eastern country's crown prince, effectively next in line for its leadership. Sheikh Tahnoon was already named chair of the $790 billion Abu Dhabi Investment Authority, the emirate's main sovereign wealth fund, earlier in March. Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of the Emirate of Abu Dhabi. He described the decision as "formalizing the leverage Abu Dhabi has over Dubai, and how little Dubai will be allowed to say in foreign policy." Prime Minister and Vice-President of the United Arab Emirates and ruler of Dubai Sheikh Mohammed bin Rashid al-Maktoum attends the Global Women's Forum in Dubai, United Arab Emirates, February 16, 2020.

Sheikh Mohammed, who became president and Abu Dhabi ruler last year after running the U.S.-allied OPEC oil producer for years, named his brother Sheikh Mansour as UAE vice president, alongside Dubai ruler Sheikh Mohammed bin Rashid Al Maktoum. This appeared to further centralise power in Abu Dhabi, which is the political capital by virtue of its immense oil wealth, of the UAE federation of seven emirates. Abu Dhabi has held the presidency since the founding of the UAE federation by Sheikh Mohammed's father in 1971. Sheikh Mohammed, known as MbZ, had been grooming his son in positions of authority in security - including intelligence - economy and governance, analysts say. Earlier this month, Sheikh Tahnoun was named chair of Abu Dhabi Investment Authority, among the world's largest sovereign wealth funds.

☆ Abu Dhabi's Presight AI soars on market debut
▼ + stars: | 2023-03-27 | by ( ) www.reuters.com time to read: +1 min

DUBAI, March 27 (Reuters) - Shares in Abu Dhabi big data analytics company Presight AI climbed as much as 176% on their stock market debut after raising 1.82 billion dirhams ($495.6 million) in an initial public offering (IPO) for almost a third of the business. Presight's shares rose as high as 3.70 dirhams on the Abu Dhabi Securities Exchange before retreating a little to 3.40 dirhams. The company is majority owned by G42, controlled by Sheikh Tahnoon bin Zayed al-Nahyan. Sheikh Tahnoon is the UAE's national security adviser and has acted as a foreign policy troubleshooter for his brother, President Sheikh Mohammed bin Zayed al-Nahyan. He was also recently named chair of Abu Dhabi Investment Authority, the emirate's largest sovereign wealth fund, and was already chair of smaller wealth fund ADQ.

☆ Syria's Assad arrives in United Arab Emirates in official visit
▼ + stars: | 2023-03-19 | by ( ) www.reuters.com time to read: +3 min

[1/5] Syria's President Bashar al-Assad meets with President of the United Arab Emirates Sheikh Mohamed bin Zayed Al Nahyan in Abu Dhabi, United Arab Emirates March 19, 2023. Hamad Al Kaabi/UAE Presidential Court/Handout via REUTERSDUBAI, March 19 (Reuters) - Syrian President Bashar al Assad arrived in the United Arab Emirates (UAE) on Sunday for an official visit, accompanied by his wife Asma al Assad, at a time when more Arab states have signalled openness to easing the isolation of Damascus. "We held constructive talks aimed at developing relations between our two countries," Sheikh Mohammed later said in a Twitter post. The Syrian presidency said Asma al Assad, on her first known official visit abroad with Assad since 2011, would meet with Sheikha Fatima bint Mubarak who is the Emirati president's mother and regarded in the UAE as the "Mother of the Nation". Saudi Arabia, Qatar and, to a lesser extent the UAE, once backed rebels against Assad.

☆ UAE withdraws bid for 2026 World Bank-IMF meetings in favour of Qatar
▼ + stars: | 2023-03-12 | by ( ) www.reuters.com time to read: +2 min

[1/2] A general view of the Burj Khalifa and the downtown skyline in Dubai, United Arab Emirates, June 12, 2021. The decision came during a phone call between UAE President Sheikh Mohammed bin Zayed Al Nahyan and Qatar's emir Sheikh Tamim bin Hamad al-Thani, statements from state news agency WAM and the Amiri Diwan said. In Sunday's phone call, Sheikh Mohammed pledged the UAE's support for Qatar's bid to host the meetings and "wished the Emir and the people of Qatar every success in hosting this global gathering," WAM's statement said. But relations between Abu Dhabi and Doha have warmed in recent months with Sheikh Mohammed visiting Qatar during the soccer World Cup last December. Abu Dhabi, like Manama, has not appointed an envoy to Doha, but restored travel and trade links with Qatar.

☆ Abu Dhabi shakes up wealth funds with top royals chairing
▼ + stars: | 2023-03-09 | by ( Yousef Saba | ) www.reuters.com time to read: +2 min

DUBAI, March 9 (Reuters) - Abu Dhabi announced a reshuffle at the top of its two biggest sovereign wealth funds on Thursday, appointing senior members of the royal family as chairmen. Sheikh Tahnoun bin Zayed Al Nahyan, one of the most powerful members of Abu Dhabi's royal family, was named chair of the Abu Dhabi Investment Authority (ADIA), among the world's largest sovereign wealth funds, the government's media office said. ADIA is estimated by Global SWF to manage $993 billion in assets, while the Sovereign Wealth Fund Institute puts the figure at $790 billion. The wealth fund's last chairman was the previous UAE president, Sheikh Khalifa bin Zayed Al Nahyan, who died last year. MORE NEWCOMERSThe UAE president is appointing his brothers as chairmen at state sovereign wealth funds rather than chairing them himself.

☆ CORRECTED Italy's Meloni says on track to rebuild 'excellent' relations with UAE
▼ + stars: | 2023-03-04 | by ( ) www.reuters.com time to read: +2 min

"I think discussions this morning went very, very well and we're going back to a strategic partnership. Italy historically had very strong relations with UAE which in recent years experienced serious difficulties," Meloni told reporters in Abu Dhabi. Italy in 2021 halted the sale of thousands of missiles to Saudi Arabia and the UAE, citing Rome's commitment to restoring peace in Yemen. "On all these matters Sheikh Mohammed bin Zayed has expressed his willingness to help," Meloni said. "I think there is a strong will on both sides to rebuild not just good but excellent relations, a friendship, which I think is very important for our national interest."

☆ Saudi Arabia and U.A.E. Clash Over Oil, Yemen as Rift Grows
▼ + stars: | 2023-03-03 | by ( Summer Said | Stephen Kalin | ) www.wsj.com time to read: 1 min

Middle East leaders at a regional event in January. DUBAI—When Abu Dhabi hosted a summit of Middle East leaders at a seaside palace in January, there was a glaring absence: Saudi Crown Prince Mohammed bin Salman . Prince Mohammed and U.A.E. President Sheikh Mohammed bin Zayed al Nahyan steered clear of each other’s events intentionally, Gulf officials said, even as the rulers of Jordan, Egypt, Qatar and others attended. The snubs exposed a growing rift between neighboring U.S. security partners that for years marched in lockstep on Middle East foreign policy.

☆ Pakistan PM Sharif offers talks with arch-rival India
▼ + stars: | 2023-01-17 | by ( Asif Shahzad | ) www.reuters.com time to read: +2 min

ISLAMABAD, Jan 17 (Reuters) - Pakistan Prime Minister Shehbaz Sharif has offered his Indian counterpart talks over all outstanding issues, including disputed Kashmir, which he believes could be facilitated by the United Arab Emirates (UAE). He can play a very important role to bring the two countries on the talking table," Sharif said. The two arch-rival nuclear powers have fought three wars since independence from British rule in 1947. Tensions rose high when India unilaterally revoked the autonomous status of its part of Kashmir later in 2019, which Sharif said resulted in "flagrant" human rights violations. Sharif said the wars between the two countries brought nothing except misery, poverty and unemployment.

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