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 […]
UAE
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 […]
Repayment of UAE deposits reflects Pakistan’s economic strength: analysts
The reimbursement of matured long-term foreign deposits to the United Arab Emirates (UAE) reflects Pakistan’s improving external liquidity position, economic stability, and enhanced policy credibility, besides the capacity to honour its international obligations without compromising macroeconomic fundamentals, according to financial analysts. As of late March 2026, Pakistan’s total liquid foreign exchange reserves stood at approximately […]
Pakistan to repay UAE $2 billion after securing funds
Pakistan has decided to repay $2 billion to the United Arab Emirates (UAE) after arranging the required funds through alternative financial sources, according to government officials. Read More: UAE ‘rolls over’ $2 billion loan for a month Sources said the decision was made after Islamabad secured sufficient financing to meet its external payment obligations due in the coming […]
Pakistan decides to repay UAE’s $2bn loan: sources
Pakistan has decided to repay a loan taken from the United Arab Emirates (UAE), sources said on Friday. The sources said Islamabad will return $2 billion to Abu Dhabi by the end of this month. The amount was kept with the State Bank of Pakistan (SBP) as a safe deposit. Officials said Pakistan has been […]