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  • Saudi Arabia, UAE and more condemn Quran burning outside Turkish embassy in Denmark

    Saudi Arabia and several other Muslim nations condemned the burning of the Quran by an extremist group in Denmark in front of the Turkish embassy in Copenhagen. In a statement posted on Twitter, the Kingdom’s foreign ministry said it “condemns and denounces in the strongest terms the burning of the Holy Quran by an extremist group in Denmark in front of the Turkish embassy in Copenhagen.”

  • CBUAE Central Bank Digital Currency strategy launched

    The Central Bank of UAE (CBUAE) jointly held a signing ceremony with G42 Cloud and R3 to mark the implementation of the CBUAE Central Bank Digital Currency (CBDC) Strategy, one of the nine initiatives of the CBUAE’s Financial Infrastructure Transformation (FIT) Programme. The CBUAE has engaged with G42 Cloud and R3 as the infrastructure and technology providers respectively for its CBDC implementation.

  • Musk denies report on SpaceX’s plans for new funding from Saudi, UAE

    Elon Musk, the billionaire founder of SpaceX, on Friday denied a media report from earlier this week that said investors from Saudi Arabia and the United Arab Emirates were planning to invest in a multi-billion dollar funding round in the company. A unit of Saudi Arabia's investment fund and an Abu Dhabi-based company are planning to invest in a multi-billion dollar funding round for SpaceX, the Information had reported on Wednesday, citing people familiar with the discussions.

  • Syria’s Assad arrives in UAE for official visit

    Head of the Syrian regime Bashar al-Assad arrived in the United Arab Emirates (UAE) on Sunday for an official visit, the state news agency SANA reported, Anadolu reports. Assad and his wife Asma were welcomed upon arrival at the Abu Dhabi airport by UAE President Sheikh Mohamed bin Zayed al-Nahyan, SANA said

  • After deal with Saudi Arabia, top Iranian security official ‘due in UAE’

    Speaking on condition of anonymity, an informed Arab source asserted, “There was a plan [for Shamkhani] to travel to the UAE…it was supposed to take place two weeks ago, but it was delayed due to the China deal.” The exact date of the upcoming trip is unclear. However, sources in the region have told Amwaj.media that the apparent engagement comes in the wake of efforts by regional interlocutors to advance dialogue.

  • Saudi and UAE lead $1.36tn Middle East construction boom

    Saudi Arabia and the UAE lead a Middle East construction sector with a total pipeline of $1.36bn of projects under development, according to real estate specialists CBRE. The figures are a sign of the ongoing real estate boom in the Middle East, despite global economic headwinds CBRE anticipates a positive outlook for Middle East real estate in 2023, as elevated oil prices and resolute economic growth are expected to support strong levels of occupier and investment activity.

  • Brent Oil Slumps After WSJ Report on UAE Debating OPEC Departure

    The global benchmark retreated as much as 2.8% after earlier trading little changed. The Wall Street Journal, citing Emirati officials, reported that a growing rift between Saudi Arabia and the United Arab Emirates means the UAE is having internal discussions about quitting the alliance, a move that could potentially leave it free to lift production. The UAE has said publicly and privately it is sticking to the current OPEC deal for at least this year.

  • UAE, Saudi Arabia lead GCC renewable energy investments

    S&P Global Ratings said Saudi Arabia and the UAE continue to lead climate-related efforts, with around 90 per cent of the GCC region’s established renewable energy capacity found in the two countries as of year-end 2021.

  • UAE, Saudi Arabia lead GCC renewable energy investments

    S&P Global Ratings said Saudi Arabia and the UAE continue to lead climate-related efforts, with around 90 per cent of the GCC region’s established renewable energy capacity found in the two countries as of year-end 2021.

  • UAE makes history with the launch of the longest Arab mission to space

    The Dragon spacecraft carrying the UAE astronaut Sultan Al Neyadi and Crew-6 colleagues has blasted off to space on March 2