United Arab Emirates
Turkey’s skyrocketing inflation is flashing warning alerts for Gulf financial institutions
Normal watch of Emirates NBD Bank on January 3, 2017 in Dubai, United Arab Emirates. Tom Dulat | Getty Images DUBAI, United Arab Emirates — Banks with exposure to Turkey have confronted losses ever considering that the country’s forex commenced steeply depreciating in 2018 now, creditors in several oil-abundant Gulf states in unique are established to […]
Read More
Nuclear power is on the brink of a $1 trillion resurgence, but one accident anywhere could stop that momentum
21 July 2022, Bavaria, Essenbach: Water vapor rises behind sunflowers from the cooling system of the nuclear power plant (NPP) Isar 2. Picture Alliance | Picture Alliance | Getty Images Nuclear energy is at an inflection point. Early exuberance about its potential was undercut by a series of devastating and dangerous accidents: Three Mile Island […]
Read More
Emirates Airline slams Heathrow Airport’s ‘unacceptable’ demand to cut flights, refuses to comply
The airline industry has been hamstrung by a perfect storm of challenges over recent weeks, from labor shortages and supply disruptions to rising fuel prices. Sopa Images | Lightrocket | Getty Images DUBAI, United Arab Emirates — Emirates Airline has harsh words for London’s Heathrow Airport, the U.K.’s largest aviation hub currently beset by travel […]
Read More
Villas by the sea: Rich Russians fleeing sanctions are pumping up Dubai’s property sector
Dubai is seeing its hottest real estate market in years, with sales in the sector up 45% year on year in April and 51% in May, according to the Dubai Land Department. DUBAI, United Arab Emirates – The team at Dubai property firm Mira Estate have reason to celebrate. The luxury real estate company just […]
Read More
Amazon blocks searches for LGBTQ+ products in the United Arab Emirates amid regional anti-homosexuality push
Marc Bruxelle/ EyeEm/ Getty DUBAI, United Arab Emirates – E-commerce giant Amazon is blocking search results for LGBTQ-related products on its United Arab Emirates website, following a series of pushbacks against same-sex themes in the Gulf region. Amazon made the decision after coming under pressure from UAE authorities, who reportedly threatened it with penalties and […]
Read More
Israel votes to dissolve parliament, collapsing government and triggering fifth election in three years
Israeli Prime Minister Benjamin Netanyahu is seen during the the 2016 Genesis Prize award-ceremony in Jerusalem, June 23, 2016. Amir Cohen | Reuters DUBAI, United Arab Emirates — In what now feels like a familiar story, Israel’s government has collapsed after the Parliament, or Knesset, voted on Thursday to dissolved itself. This paves the way for […]
Read More
Snap announces Snapchat+ subscription plan that costs $3.99 a month
A man uses the SnapChat app on an Apple iPad Mini. studioEAST | Getty Images Snap announced Wednesday it’s rolling out a $3.99/month subscription plan for Snapchat that unlocks exclusive and pre-release features. It’s called Snapchat+. The announcement comes after Snapchat gave a disappointing sales outlook for the current quarter when it reported first-quarter results […]
Read More
Biden to call for 3-month suspension of gas and diesel taxes
President Joe Biden on Wednesday will call on Congress to suspend federal gasoline and diesel taxes for three months — a move meant to ease financial pressures at the pump that also reveals the political toxicity of high gas prices in an election year. The Democratic president will also call on states to suspend their […]
Read More
United Arab Emirates bans Pixar’s new Buzz Lightyear movie from theaters
Tim Allen and Tom Hanks voice Buzz Lightyear and Sheriff Woody in Pixar’s “Toy Story.” Disney DUBAI, United Arab Emirates — Disney Pixar’s animated movie “Lightyear” hits theaters this week and is expected to draw enthusiastic “Toy Story” fans from a number of countries around the world. Not in the United Arab Emirates, though. The […]
Read More
Israel signs historic trade deal with UAE, its biggest with any Arab country
Israeli national flags fly alongside United Arab Emirates national flags on the side of a road in Netanya, Israel, on Monday, Aug. 17, 2020. Kobi Wolf | Bloomberg | Getty Images DUBAI, United Arab Emirates — Israel and the United Arab Emirates on Tuesday penned a multi-billion dollar free trade agreement, the latest product of […]
Read More