MOSCOW (Reuters) – Russian oil firms face delays of up to several months to be paid for crude and fuel as banks in China, Turkey and the United Arab Emirates (UAE) become more wary of U.S. secondary sanctions, eight sources familiar with the matter said. Payment delays reduce revenue to the Kremlin and make them … Read more
At an AI research lab on the edges of Abu Dhabi last year, an international team of 25 computer scientists were putting the finishing touches on a deep learning algorithm before sending it to be trained on 4,000 powerful computer chips. The AI system, which cost several million dollars to train, was funded by an arm … Read more
DUBAI, United Arab Emirates — Negotiators taking part in a World Trade Organization meeting in the United Arab Emirates ended their summit early Saturday after failing to reach agreements on several major initiatives, the latest sign of turmoil within the global body. The WTO delayed its closing ceremony in Abu Dhabi by over a day … Read more
DUBAI, United Arab Emirates — Indian Prime Minister Narendra Modi arrived Tuesday in the United Arab Emirates on his seventh trip to the nation, preparing to be feted by tens of thousands of his countrymen ahead of elections back home in the coming months. Modi was met on landing in Abu Dhabi by Emirati President … Read more
Europe’s fintech sector is fiercely competitive, with privately-held start-ups worth tens of billions of dollars vying to steal market share from incumbent banks. Oscar Wong | Moment | Getty Images The fintech industry saw more pain in 2023, with overall investment falling by half as higher interest rates and worsening macroeconomic conditions caused investors to … Read more
U.S. Secretary of State Antony Blinken waves as he boards an aircraft during his departure from Washington to travel to the Middle East, amid the Israel-Hamas conflict, at Joint Base Andrews, Maryland, U.S., January 4, 2024. Evelyn Hockstein | Reuters DUBAI, United Arab Emirates — U.S. Secretary of State Antony Blinken is due to meet … Read more
Russian President Vladimir Putin will be making a one-day trip to Saudi Arabia and the UAE on Wednesday to discuss the Israel-Hamas war, the Kremlin said. Later in the week, Putin will host his Iranian counterpart, Ebrahim Raisi, in Moscow. Putin has sought to increase Russia’s influence in the Middle East, and experts say he … Read more
Russian media outlets are reporting that President Vladimir Putin plans to visit the United Arab Emirates and Saudi Arabia this week ByThe Associated Press December 4, 2023, 5:01 PM President Vladimir Putin plans to visit the United Arab Emirates and Saudi Arabia this week, Russian media outlets reported Monday. Putin will travel to the two … Read more
Sultan Ahmed Al Jaber, President of the UNFCCC COP28 Climate Conference, attends a press conference following the opening session of the conference on November 30, 2023 in Dubai, United Arab Emirates. Sean Gallup | Getty Images News | Getty Images The United Arab Emirates on Friday said it would contribute $30 billion to a new … Read more
The Blue Zone entrance at the Dubai Exhibition Center ahead of the COP28 climate conference at Expo City in Dubai, United Arab Emirates, on Wednesday, Nov. 29, 2023. More than 70,000 politicians, diplomats, campaigners, financiers and business leaders will fly to Dubai to talk about arresting the world’s slide toward environmental catastrophe. Photographer: Annie Sakkab/Bloomberg via Getty Images … Read more