Seven OPEC+ countries have an agreement in principle to raise oil output targets by about 188,000 barrels per day in June, pressing on with plans despite the departure of the UAE, two sources familiar with OPEC+ thinking said ahead of a policy meeting on Sunday. The output hike is largely symbolic for now, with most […]
UAE
United Arab Emirates Resumes Regular Flight Operations Nationwide
The UAE restores normal air operations after temporary disruption, announced authorities on Friday. The country confirmed that air traffic across its airspace has fully returned to normal. As a result, earlier precautionary measures were lifted without further delays or restrictions. According to the General Civil Aviation Authority (UAE), air traffic in the country has resumed […]
British Report Claims Israel Provided UAE Laser Defense Systems
Israel provided the UAE with an advanced laser defense system during the Iran war, according to a British newspaper report. The report said these systems aimed to strengthen protection against missile and drone threats. This development highlights growing defense cooperation between the two countries during a tense regional period. According to the report, Israel supplied […]
UAE leaves OPEC in blow to oil cartel during Hormuz crisis
The United Arab Emirates (UAE) said on Tuesday it quit OPEC and OPEC+, dealing a heavy blow to the oil exporting groups and their de facto leader, Saudi Arabia, at a time when the war on Iran has caused a historic energy shock and unsettled the global economy. The stunning loss of the UAE, a […]
Israel’s Alleged UAE Iron Dome Deployment Sparks Global Debate
Israel deployed its Iron Dome system in the UAE during the Iran war, according to claims reported by a U.S. news website. The report stated that Israeli forces also sent military personnel to operate the system. This move highlighted growing defense cooperation during the conflict. According to the report, the deployment took place in the […]
UAE calls Iran a strategic threat amid rising regional tensions
The United Arab Emirates (UAE) has described Iran as a “strategic threat,” with senior Emirati official Anwar Gargash warning that rebuilding trust between the two countries would take a long time following recent regional conflicts. Read More: UAE says rebuilding trust with Iran will take ‘ages’ Speaking at an international policy conference in Chantilly, France, Gargash said that […]
UAE Rejects External Aid Claims, Confirms Strong Economy
The United Arab Emirates has rejected claims that it needs external financial assistance. The statement was made by Yousef Al Otaiba. He said the country has no shortage of dollars and maintains a strong economy. Therefore, he confirmed that the UAE does not require any outside financial support. The remarks came during a high-level meeting […]
Pakistan repays $2bn loan to UAE, confirms SBP
The State Bank of Pakistan (SBP) on Saturday confirmed that the government has returned $2 billion in debt to the United Arab Emirates (UAE). The SBP spokesperson said that the amount was kept with the central banks as a safe deposit. The development came a day after Pakistan and Saudi Arabia signed an agreement to […]
Pakistan says ‘all options’ open as it weighs fresh borrowing after UAE repayment
Pakistan is considering a fresh mix of external borrowing, including Eurobonds, Islamic sukuk, commercial loans and its first yuan-denominated Panda bond, as a $3.5 billion deposit from the United Arab Emirates reaches maturity and the government moves to keep foreign exchange reserves steady in a more volatile global environment. Finance Minister Muhammad Aurangzeb said the […]
PM prays for swift recovery of Pakistanis injured in UAE port attack
Prime Minister Shehbaz Sharif has expressed deep concern over the attack at Khor Fakkan Port in UAE, where an intercepted projectile caused injuries to civilians including Pakistani nationals. In a post uploaded on X handle Monday, Prime Minister Shehbaz Sharif prayed for the swift recovery of the injured. PM Shehbaz said they remain in close […]