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  • GCC airports in expansion race as UAE, Saudi, Qatar, Kuwait, Oman spend billions of dollars on upgrades

    Even until the mid-1990s, most airlines viewed the Middle East airports as nothing more than technical stops. What started with Dubai’s ambitions to become the world’s largest travel hub with the launch of Emirates Airline in 1985, has now spread across the Middle East. Countries want to take advantage of their strategic location and capture a bigger share of the long-haul market.

  • Pakistan wins more financing assurances from China, UAE, Saudi IMF official says

    Pakistan has received "significant financing assurances" from China, Saudi Arabia and the United Arab Emirates linked to a new International Monetary Fund program that go beyond a deal to roll over $12 billion in bilateral loans owed to them by Islamabad, an IMF official said on Thursday. IMF Pakistan Mission Chief Nathan Porter declined to provide details of additional financing amounts committed by the three countries but said they would come on top of the debt rollover.

  • UAE’s Masdar to acquire renewables firm Saeta from Brookfield for $1.2bln

    UAE's renewable energy company Masdar is set to acquire Saeta Yield, a renewable power company, from Brookfield for an implied enterprise value of $1.4 billion as Abu Dhabi’s clean energy pioneer looks to add to its European portfolio. The transaction consists of a portfolio of 745 megawatts (MW) of predominantly wind assets - 538MW of wind assets in Spain, 144MW of wind assets in Portugal and 63MW solar PV assets in Spain - and includes a 1.6 gigawatt (GW) development pipeline.

  • UAE to focus on business and tech in US state visit

    While acknowledging security concerns are a constant in the region, the UAE is fully focused on an “economy-first, prosperity-first” agenda, Dr. Anwar Gargash, diplomatic adviser to UAE President Sheikh Mohamed bin Zayed, told reporters during a briefing in Dubai on Thursday.

  • UAE, Saudi consumer spending trends revealed

    The eighth edition of the VML Shopper Report was released this week, revealing data-based predictions of how shopping habits will evolve in the years to come. The report surveyed over 30,000 consumers from 20 countries, two of which include the UAE and Saudi Arabia (KSA). The report finds that consumers’ affinity for online shopping has waned globally, with many now craving a more balanced retail landscape. Another key finding is that brick and mortar retail must evolve to offer a better integrated omni-channel shopping experience.

  • UAE President to begin official visit to US on Monday

    President His Highness Sheikh Mohamed bin Zayed Al Nahyan will start an official visit to the United States of America on Monday, the first since assuming the Presidency of the UAE.

  • Russia and Ukraine exchange 103 prisoners each in deal mediated by UAE

    The exchange of a total of 206 prisoners was facilitated in the UAE’s eighth such mediation, the Gulf nation’s Ministry of Foreign Affairs said in a statement on social media platform X. “We have successfully brought back another 103 warriors from Russian captivity to Ukraine,” Zelenskyy posted on X on Saturday. The freed Ukrainians included 82 privates and sergeants and 21 officers from the Armed Forces of Ukraine, the National Guard of Ukraine, border guards, and police officers, he said.

  • Faked video targeting France and UAE likely Russian despite Moscow’s links to Gulf Arab states

    It remains unclear why Russian operatives would choose to publish such a video falsely claiming the Emirates halted a French arms sale, which appears to be the first noticeable effort by Moscow to target the UAE with a disinformation campaign. The Emirates remains one of the few locations to still have direct flights to Moscow, while Russian money has flooded into Dubai’s booming real estate market since President Vladimir Putin launched his full-scale invasion of Ukraine in 2022.

  • Hong Kong in talks with UAE and Saudi sovereign wealth funds for Asia investments

    Hong Kong is in talks with sovereign wealth funds in Dubai, Abu Dhabi and Riyadh to channel their investments into broader Asian markets including China and enable deals for Asian investors in the Gulf, a senior government official has said. The city, one of the biggest financial and trading hubs in Asia, has already developed a strong deal pipeline in Asia, the GCC and the broader Middle East region, in sectors such as energy, sustainability, infrastructure and utilities, commissioner for Belt and Road Nicholas Ho told The National.

  • Sudan accuses UAE of arming rivals and prolonging war, UAE accuses Sudan of refusing to talk peace

    The Sudanese government accused the United Arab Emirates on Wednesday of providing weapons to its rival paramilitary force and prolonging the 17-month war. The UAE called the allegations “utterly false” and “baseless” and accused the government of refusing to negotiate peace with its enemy.