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Large numbers of defence suppliers have signalled their long-term commitment to supporting United Arab Emirates’ plans to develop an industrial manufacturing base by signing new long-term agreements based on new offset policy guidelines, state news agency WAM reported on 9 February.

United Arab Emirates (UAE)
Issue 895 - 11 February 2011

MBZ

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Meetings

United Arab Emirates (UAE)
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Reports from Oman that an Emirati spy ring was operating in the Sultanate cast bilateral relations between Gulf neighbours in an unusually negative light. Analysts have expounded a range of theories to explain the affair, from an Emirati royal keen to lead an Oman-UAE confederation to envy of Muscat’s budding relationships with international powers

Oman | United Arab Emirates (UAE)
Issue 893 - 20 January 2011

Five charged over corruption at Adwea

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Five people appeared before the Abu Dhabi Criminal Court of First Instance in early January charged with corruption-related offences at the Abu Dhabi Water and Electricity Authority (Adwea). One of the five, an Emirati woman (MGH) who had been with Adwea

United Arab Emirates (UAE)
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A $3bn deal to generate conventional and renewable power in Libya and export it to Europe is the latest project to capture the imagination of Abu Dhabi’s financial and business community

United Arab Emirates (UAE)
Issue 893 - 20 January 2011

Chasing the assets

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Even if stories of widely detested presidential wife Leila Trabelsi spiriting out 1.5 tonnes of gold as the president departed are apocryphal – and French and other sources give the report some credence – the extended family has huge holdings abroad, including property in Dubai, Europe

United Arab Emirates (UAE) | Tunisia
Free

A move towards elections was promised mid-decade, but a change in the ruling families’ social compact with their populations to promote ‘democracy’ has not been forthcoming. Sheikh Khalifa’s 2010 National Day address on 2 December was notable for its lack of any pledge to introduce more accountable elections to the ‘consultative’ FNC.

United Arab Emirates (UAE)
Free

Dubai was hit hard by the global economic crisis, and has never fully disclosed the scale of the damage. With debt rescheduling and a relative stabilisation in 2010, all eyes will be on the $18bn that we at least know is due to be repaid in 2011. Privatisation of assets is likely.

United Arab Emirates (UAE)
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Libya has acquired Abu Dhabi Investment Authority (Adia)’s stake in Bahrain-based Arab Banking Corporation (ABC), bringing its total holding in Bahrain’s second largest bank to almost 60%.

United Arab Emirates (UAE) | Bahrain | Libya
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The GCC states have differing views on the Iranian threat, with hardliners pushing for military action and others preferring the diplomatic route

Iran | United Arab Emirates (UAE) | Kuwait | Saudi Arabia | Bahrain | Yemen | Oman | Qatar
Issue 891 - 10 December 2010

Dubai signals privatisation plans

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Recent comments by Dubai officials have sparked speculation that the emirate will privatise key assets to pay off its $110bn of debt.

United Arab Emirates (UAE)
Issue 891 - 10 December 2010

Sheikh Saud appoints heir

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Ruler Sheikh Saud Bin Saqr Al-Qasimi has issued an emiri decree (23/2010) appointing his son Sheikh Mohammed as crown prince

United Arab Emirates (UAE)
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Canada’s denial of extra landing rights for United Arab Emirates national carriers Emirates Airlines and Etihad Airways after five years of negotiations has strained relations. The UAE responded in October by forcing Canada to close a military base in Dubai that was part of a key supply route to Afghanistan, denying a plane carrying Canadian defence minister Peter MacKay, who was flying from Afghanistan, airspace over the UAE and causing it to take a long detour.

United Arab Emirates (UAE) | Qatar
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The effects of the global downturn on Dubai, Bahrain and Saudi Arabia have forced traders, financiers and insurers to assess GCC credit and political risk more closely. And some firms are expanding their GCC teams to do so

Saudi Arabia | Bahrain | United Arab Emirates (UAE)
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Emiratis are awaiting direction on whether there will be elections in February 2011, and whether they will get a bigger say in government. But an unpopular 6% budget cut indicates the leadership is in no mood to compromise

United Arab Emirates (UAE)