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Bankers quit jobs for shot at riches in ‘Wall Street of crypto’

Business May 6, 2022

Bankers quit jobs for shot at riches in ‘Wall Street of crypto’

by Ben Bartenstein

In the shadow of Dubai’s sail-shaped Burj Al Arab hotel, cryptocurrency executives rubbed shoulders with Emirati royals, Wall Street bankers and Instagram influencers.

In Istanbul and Dubai, Russians pile into property to shelter from sanctions

World Mar 29, 2022

In Istanbul and Dubai, Russians pile into property to shelter from sanctions

by Ceyda Caglayan, Saeed Azhar and Riham Alkousaa

While Turkey and the UAE have criticized the Russian offensive, Ankara opposes non-U.N. sanctions on Russia and both countries have relatively good ties with Moscow.

Japan presses UAE to pump more oil as Ukraine war spikes prices

Business Mar 21, 2022

Japan presses UAE to pump more oil as Ukraine war spikes prices

The plea by Foreign Minister Yoshimasa Hayashi came during meetings with Emirati officials.

Syria's Bashar Assad visits UAE in first trip to Arab state since war began

World Mar 19, 2022

Syria's Bashar Assad visits UAE in first trip to Arab state since war began

The visit drew a sharp rebuke from Washington, with the State Department saying it was "profoundly disappointed and troubled" by what it called an apparent attempt to legitimize Assad.

Japan asked UAE to help stabilize crude oil markets amid Russia turmoil

Business Mar 16, 2022

Japan asked UAE to help stabilize crude oil markets amid Russia turmoil

The UAE is a member of OPEC and a major exporter, along with Saudi Arabia, to resource-scarce Japan.

UAE says OPEC+ should boost oil output, setting up tension in the group

Business Mar 10, 2022

UAE says OPEC+ should boost oil output, setting up tension in the group

by Salma El Wardany, Grant Smith and Ben Bartenstein

According to a person familiar with the situation, the UAE hadn’t consulted other OPEC+ members before its ambassador to Washington made his statement.

UAE drone conference warns of rising threat of attacks

World Feb 21, 2022

UAE drone conference warns of rising threat of attacks

The UAE has been on heightened alert since a Huthi drone and missile attack killed three oil workers in Abu Dhabi in January.

UAE intercepts Houthi missile as Israeli president visits

World Jan 31, 2022

UAE intercepts Houthi missile as Israeli president visits

The Emirati Defense Ministry said the missile was intercepted and destroyed, adding that its debris fell on an uninhabited area.

Drones jolt a Persian Gulf focused on Iran’s nuclear ambitions

World Jan 20, 2022

Drones jolt a Persian Gulf focused on Iran’s nuclear ambitions

by Ben Bartenstein, Golnar Motevalli and Zainab Fattah

Such drones make it possible to conduct small, targeted assaults that slip through multibillion-dollar defense systems designed to deter more advanced weapons.

Deadly drone strikes on UAE raise Gulf tensions and roil oil market

World Jan 18, 2022

Deadly drone strikes on UAE raise Gulf tensions and roil oil market

by Mohammed Hatem, Dana Khraiche and Zainab Fattah

One of the biggest attacks to date on UAE soil ignited a fire at Abu Dhabi’s main international airport on Monday and set fuel tanker trucks ablaze in a nearby industrial area.

UAE risks inclusion on global watchlist over dirty money

Business Jan 4, 2022

UAE risks inclusion on global watchlist over dirty money

by Ben Bartenstein

The Financial Action Task Force is leaning toward adding the UAE to its "gray list,” which would make the country subject to more oversight for shortcomings in combating money laundering.

Dubai can’t shake off the stain of smuggled African gold

World Dec 31, 2021

Dubai can’t shake off the stain of smuggled African gold

by Michael Kavanagh, Verity Ratcliffe and Simon Marks

The U.N. has found a discrepancy of at least $4 billion between the United Arab Emirates’ declared gold imports from Africa and what African countries say they exported to the UAE.

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    U.S. President Joe Biden, Indian Prime Minister Narendra Modi and Prime Minister Fumio Kishida attend the Indo-Pacific Economic Framework for Prosperity launch event on Monday in Tokyo.
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