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The Central Bank of the UAE governor spoke to GSN about why the UAE pulled back from the current plan for GCC monetary union

United Arab Emirates (UAE)
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Dubai and other emirates may be talking up the apparently limited impact of the global economic crisis and triumph of federal unity, but many analysts believe the fallout from the credit crunch will further alter inter-emirate relations. A possible consequence of Abu Dhabi bailing out Dubai could be the loss of its independent foreign policy, according to Jim Krane, author of the new City of Gold: Dubai and the Dream of Capitalism – and this will also affect business relations.

Iran | United Arab Emirates (UAE)
Issue 865 - 20 November 2009

UAE: Sheikha Alyaziah

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Public role

United Arab Emirates (UAE)
Issue 865 - 20 November 2009

MBR: meetings and demographic council

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Meetings; New demographic council

United Arab Emirates (UAE)
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The worst of the economic downturn is over, Dubai’s ruler said as he joined a chorus of Emirati voices emphasising federal unity – which may be significant after months of speculation over relations between Abu Dhabi and Dubai. In an apparently impromptu interlude in a prepared address at Merrill Lynch’s Mena equities conference, Sheikh Mohammed Bin Rashid Al-Maktoum (MBR), who is also UAE vice president and prime minister, said ties between Abu Dhabi and Dubai should not be questioned.

United Arab Emirates (UAE)
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There is continued speculation around deposed Ras Al-Khaimah Crown Prince Sheikh Khalid Bin Saqr Al-Qasimi, who last year revived his political ambitions with a lobbying campaign in the United States, and who has accused his great rival and half-brother Crown Prince Sheikh Saud Bin Saqr Al-Qasimi of allowing the emirate to become a haven for terrorists and support base for Iran.

United Arab Emirates (UAE)
Issue 865 - 20 November 2009

Taqa slows spending, appoints new staff

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In another sign that even the richest emirates are having to think hard about financial fundamentals, big-spending, majority state-owned Abu Dhabi National Energy Company (Taqa) has parted company with high-profile chief executive Peter Barker-Homek and announced that it will concentrate on existing operations and reducing debt. Taqa has spent $24bn in the past few years, picking up assets and interests in the GCC, Europe, North America and Africa.

United Arab Emirates (UAE)
Issue 864 - 06 November 2009

UAE: Khalifa Bin Zayed

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Re-elected

United Arab Emirates (UAE)
Issue 864 - 06 November 2009

AL-QASIMI

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Wedding

United Arab Emirates (UAE)
Issue 864 - 06 November 2009

Abu Dhabi pushes UAE nuclear plan

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The UAE's civil nuclear programme is notionally a federal affair, but it is being driven forward with some gusto by Abu Dhabi, confirming its position as the dominant driver of federal energy policy.

United Arab Emirates (UAE)
Issue 864 - 06 November 2009

Dubai bids for 100% of Turkmen oil play

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Dublin Stock Exchange and London Stock Exchange-listed Dragon Oil has agreed to a full takeover by its majority shareholder

United Arab Emirates (UAE)
Issue 863 - 24 October 2009

Senior Al-Nahayan’s receive visitors

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United Arab Emirates (UAE)
Issue 863 - 24 October 2009

Carriers tap ECA money

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The UAE’s two leading airlines have tapped nearly $650m in bond and debt facilities backed by export credit agencies (ECAs), reflecting the attractiveness of long-term ECA support at a time when commercial debt remains scarce and highly priced.

United Arab Emirates (UAE)
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It is not just through trade and financial controls that the United States and its allies are gradually encircling Iran in an effort to throttle the Islamic Republic’s nuclear ambitions. And the Gulf Co-operation Council (GCC) states are playing a larger role in this process than seemed likely earlier this decade, when Saudi King Abdullah Bin Abdelaziz led a move towards rapprochement with Tehran. Thus, according to GSN’s contacts in the

Iran | United Arab Emirates (UAE)
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United Arab Emirates (UAE)