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Issue 1181 - 23 November 2023

Dubai's Hamdan Bin Mohammed: AI competition

Free

Dubai Crown Prince Sheikh Hamdan Bin Mohammed Bin Rashid Al-Maktoum launched a generative artificial intelligence (AI) competition in early November, with prizes of AED1m ($272,000) available for winners of the Global Prompt Engineering Championship.

United Arab Emirates (UAE)
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Emirati Sheikh Rashid Bin Ahmed Al-Maktoum and his British wife Natalie Lankester announced they were expecting a third child. Rashid Bin Ahmed is a professional show jumper, while his wife represents the UAE in dressage competitions; together they run the DXB Horses team. 

United Arab Emirates (UAE)
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The usual dizzying number of civil and military contracts were unveiled at the mid-November Dubai Airshow where, included among the 54 deals signed by the UAE government's Tawazun Council, was an air defence order with the unknown Black Diamond company, which GSN's research suggests is an Israeli venture created after Abu Dhabi's Abraham Accord was concluded.

United Arab Emirates (UAE) | Israel
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A joint venture between United States-based investment firm RedBird Capital and Abu Dhabi’s International Media Investments (IMI) has launched a bid to acquire a pillar of the United Kingdom’s Conservative establishment, the Telegraph Media Group (TMG), which includes The Daily Telegraph and Sunday Telegraph newspapers, and weekly political magazine the Spectator, in a debt-for-equity deal.

United Arab Emirates (UAE)
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Former UK Prime Minister David Cameron made a surprise return to the British government when he was appointed foreign secretary. During his time as premier, from 2010 to 2016, he did much to expand relations with the Gulf states.

Saudi Arabia | United Arab Emirates (UAE)
Free

Sheikh Khalid Bin Mohammed Bin Zayed Al-Nahyan has attempted to cement his status within the political arena and strengthen his profile among local citizens since he was named Abu Dhabi’s crown prince on 29 March, in a move which put the 41 year-old first in line to succeed his father, President Sheikh Mohammed Bin Zayed Al-Nahyan (MBZ). 

United Arab Emirates (UAE)
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Tiny Ras Al-Khaimah doesn’t often attract great international attention, except at times of succession change and when its state-owned entities have become caught up in poisonous legal disputes or geopolitical tussles. But the leadership’s recent ambitions for a range of business interests have encouraged renewed focus on the northern emirate. Developments include casino giant Wynn Resorts’ plans for an ‘integrated resort’ with ‘gaming’ facilities, which comes alongside increasing investment from Abu Dhabi, a government pushing hard for the tourist dollar and an emir, Sheikh Saud Bin Saqr Al-Qasimi, on the move to raise RAK’s profile. In a Special report, GSN examines RAK’s development plans and provides some historical context. 

United Arab Emirates (UAE)
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Ras Al-Khaimah's efforts to raise its international profile – and bring in investment as a result – was underlined by Emir Sheikh Saud Bin Saqr Al-Qasimi’s prominent role in China, as the UAE’s senior representative at the Third Belt and Road Forum in Beijing.

United Arab Emirates (UAE)
Free

With increasing amounts of Moscow's business now being transacted through Gulf states, impending G7 and EU sanctions on Russian diamond exports offer opportunities and risks for the Dubai Diamond Exchange, which has grown rapidly to become the largest trading hub in the world for the rough gems. 

United Arab Emirates (UAE)
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Saudi Arabia is leading a fresh effort from the Gulf to assert its regional influence in an attempt to bring the Gaza war to an end, there has been no indication that Israel would consider reducing the intensity of its relentless bombing campaign as it seeks vengeance for the brutal Hamas assault of 7 October.

Iran | Saudi Arabia | Jordan | Bahrain | Yemen | United Arab Emirates (UAE) | Israel | Palestine | Iraq
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Born in 1956 as the fourth son of Sheikh Saqr Bin Mohammed Al-Qasimi, Ras Al-Khaimah Emir Sheikh Saud Bin Saqr Al-Qasimi held several key roles in the emirate before being appointed crown prince in June 2003.

United Arab Emirates (UAE)
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In regions across the Middle East and North Africa where popular support for the Palestinian cause is widespread, the UAE has been trying to walk a fine line, maintaining diplomatic ties with Israel while publicly focusing on the provision of humanitarian aid to Gaza and calls for a ceasefire.

Yemen | United Arab Emirates (UAE) | Israel | Palestine
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Emirate Ruler Sheikh Mohammed Bin Rashid Al-Maktoum (MBR) approved in November Dubai's budget for 2024-26, with total expenditure of AED246.6bn ($67bn) over the three years. 

United Arab Emirates (UAE)
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International Holding Company (IHC), the investment group chaired by UAE national security adviser Sheikh Tahnoun Bin Zayed Al-Nahyan, is reported to be considering taking a majority stake in a Zambian state-owned copper mine.

United Arab Emirates (UAE)
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A team from the Financial Action Task Force (FATF) is to visit the UAE before February, as the Abu Dhabi government continues efforts to secure its removal from the Paris-based money laundering watchdog’s 'grey list' of jurisdictions under increased monitoring.

United Arab Emirates (UAE)