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Ed Webb

Thanks to Trump, Iran Is Winning the Battle for the Middle East's Future - 0 views

  • a world undergoing major change, as China, Russia, and regional powers such as Iran seek to supplant U.S. military hegemony.  Nowhere is this shift more apparent than in the Middle East, where the incoherence of the Trump administration’s foreign policy has been on full display. However, these rapid changes also present a lesson on the overreach of past U.S. interventions and an opportunity for the United States to extricate itself from regional conflicts and push local powers toward cooperation.
  • a recent interview aired on Iranian state television with Maj. Gen. Qassem Suleimani, the commander of the Quds Force, an elite unit of Iran’s Islamic Revolutionary Guard Corps.  In the rare interview, reportedly the first given by Suleimani in more than 20 years, the elusive commander outlined the regional landscape leading up to the 2006 Israel-Hezbollah War
  • According to Suleimani, Israel’s goal was to “get rid of Hezbollah forever.” He lamented the “willingness of Arab countries and their discreet announcement of cooperation” with Israel at the time, which he claimed was aimed at “obliterating Hezbollah and changing the demography in southern Lebanon.”
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  • Over the past decade and a half, the wars waged by Washington and its allies against the Iran-led camp have all been unsuccessful. Hezbollah fought Israel to a bloody stalemate in 2006. Iranian influence in Iraq has been consolidated. Iran and its allies have won the Syrian civil war. Meanwhile, the Trump administration’s “maximum pressure” campaign has failed to bring Iran to heel.
  • At a time when Trump is pushing uncompromising unilateralism, the rest of the world has made clear its desire for a rules-based order grounded in multilateralism, as evident in efforts to save the 2015 Iran nuclear deal and the advent of new regional institutions such as the Asian Infrastructure Investment Bank. In the Middle East, the United States and its major European and regional allies no longer share a cohesive, united vision. This is evident not just in Trump’s haphazard approach to the troop withdrawal from Syria but in his drive to undo the Iran nuclear deal.
  • The coalition of Arab states and Israel that the Trump administration had mobilized against Iran now shows serious signs of splintering
  • for the Gulf states, the forecast is clear: The United States is leaving the Middle East. They have long feared losing the U.S. security umbrella, which was at the root of their rage against former President Barack Obama’s diplomacy with Iran. However, after inciting Trump to escalation and conflict with Iran, his refusal to deploy U.S. military power after the aforementioned attacks is spurring a fundamental recalculation of their security strategies
  • the Emirati government has reached a new maritime agreement with Iran and has reportedly sent a senior official to Tehran to improve ties. Even Saudi Arabia, the leader of the anti-Iran bloc, is communicating to Iran a desire for de-escalation and an end to the war in Yemen
  • It in fact makes little sense for the United States to bear most of the cost of securing the Gulf. In a 2010 study, Roger Stern, an economic geographer at Princeton University, found that from 1976 to 2007, the United States spent $6.8 trillion on protecting the oil flow from the Persian Gulf. “[O]n an annual basis the Persian Gulf mission now costs about as much as did the Cold War,” Stern wrote. This expenditure is even more striking given that, in recent years, the United States has received less than 10 percent of Gulf hydrocarbons. In effect, Washington has given the major importers of Gulf energy (i.e., China, India, and Japan) a free ride when it comes to their energy security.
  • push for the creation of a collective security system in the Gulf
  • A Gulf security system could help ease the security dilemmas between Iran, Iraq, and the Gulf Cooperation Council countries through institutionalized forums for regular dialogue and the facilitation of nonaggression pacts. For such a system to be successful in assuming the burden for ensuring the free flow of Gulf energy, it will require external powers, particularly the five permanent members of the U.N. Security Council, the European Union, and the other major importers of Gulf hydrocarbons, to play a helpful role in promoting regional dialogue
  • it was not Suleimani’s victories that led to the current juncture but self-defeating moves by successive U.S. administrations afflicted with hubris and a desire to transform the Middle East
Ed Webb

Indictment of Trump associate threatens UAE lobbying success - by James M. Dorsey - The... - 1 views

  • The indictment of businessman Thomas  J. Barrack, who maintained close ties to UAE Crown Prince Mohammed bin Zayed while serving as an influential advisor in 2016 to then-presidential candidate Trump and chair of Mr. Trump’s inauguration committee once he won the 2016 election, puts at risk the UAE’s relationship with the Biden administration.It also threatens to reduce the UAE’s return on a massive investment in lobbying and public relations that made it a darling in Washington during the last four years.
  • A 2019 study concluded that Emirati clients hired 20 US lobbying firms to do their bidding at a cost of US$20 million, including US$600,000 in election campaign contributions -- one of the largest, if not the largest expenditure by a single state on Washington lobbying and influence peddling.
  • UAE lobbying in the United States, in contrast to France and Austria, failed to persuade the Trump administration to embrace one of the Emirates’ core policy objectives: a US crackdown on political Islam with a focus on the Muslim Brotherhood. UAE Crown Prince Mohammed views political Islam and the Brotherhood that embraces the principle of elections as an existential threat to the survival of his regime.
Ed Webb

'Apocalypse soon': reluctant Middle East forced to open eyes to climate crisis | Climat... - 0 views

  • In Qatar, the country with the highest per capita carbon emissions in the world and the biggest producer of liquid gas, the outdoors is already being air conditioned.
  • In the United Arab Emirates it is estimated that the climate crisis costs £6bn a year in higher health costs. The salinity of the Gulf, caused by proliferating desalination plants, has increased by 20%, with all the likely impact on marine life and biodiversity.
  • The Middle East is warming at twice the rate of the rest of the world. By the end of the century, if the more dire predictions prove true, Mecca may not be habitable, making the summer Haj a pilgrimage of peril, even catastrophe
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  • The ruling elites are all dependent on oil rents for the survival of their regimes. They need the oil business to stay alive for them to stay in power. Their system is based on continued oil rent, but ultimately, the citizens’ long-term interests are with a liveable climate
  • The precise point oil demand will peak has been contested, and depends on a myriad of assumptions about regulation, technology and consumer behaviour. But many people say demand will peak in about 2040, and then decline.
  • the International Energy Association’s report Net Zero by 2050, by contrast, proposed oil demand fall from 88m barrels a day (mb/d) in 2020, to 72 mb/d in 2030 and to 24 mb/d in 2050, a fall of almost 75% between 2020 and 2050. It argued that the Gulf has all three elements needed to switch to renewables: capital, sun and large tracts of vacant land.
  • The Gulf’s self-proclaimed first mover, the UAE, was the first country in the region to ratify the Paris agreement and is now the least dependent on oil for government revenues. Last week it announced a “net zero initiative by 2050” to be begun with $163bn (£118bn) of investments and a new minister for climate change and the environment, Mariam Almheiri. The announcement came after the UAE ordered an 80-day brainstorming session in every government department from June. It was the first petro-state to embrace net zero in domestic consumption.
  • Opec’s own projections suggest oil demand will rise in absolute terms through to 2045, and oil’s share of world wide energy demand will fall only from 30% to 28%. Hardly a green revolution.
  • Aramco, the Saudi company with the largest carbon footprint in the world, is not trying to diversify at the rate of Shell or BP. Indeed, it has just announced an investment to increase crude capacity from 12m barrels a day to 13m barrels by 2027
  • If you see the lifestyle in the UAE, Saudi Arabia and Qatar, it is based on endless consumption
  • The region is responsible for only 4.7 % of worldwide carbon emissions, dwarfed by the pollution from Europe, America and China. The oil that the Middle East exports is logged against the carbon emissions of the users, not the producers.
  • The Gulf States are still highly reliant on oil and gas exports, which remain more than 70% of total goods exports in Kuwait, Qatar, Saudi Arabia and Oman, and on oil revenues, which exceed 70% of total government revenues in Kuwait, Qatar, Oman, and Bahrain. In Vision 2030, published in 2016, the Saudi crown prince, Mohammed bin Salman, promised to turn the country into a diversified industrial power house. The reality is very different. The World Bank shows Saudi Arabia is still 75% dependent on oil exports for its budget.
  • Gulf states are deeply competitive, so a flurry of news is emerging. Qatar has appointed a climate minister; Bahrain is targeting net zero by 2050; Kuwait has a new emissions plan.
  • Fossil fuels shipped abroad are not on the Saudi’s carbon ledger, owing to UN accounting rules, and the promised internal reduction in emissions is dependent on a heavy bet that unproven blue hydrogen and carbon capture technology will work.
Ed Webb

United Arab Emirates to launch first lunar rover in November | AP News - 0 views

  • The United Arab Emirates will launch its first lunar rover in November, the mission manager said Monday.Hamad Al Marzooqi told The National, a state-linked newspaper, that the “Rashid” rover, named for Dubai’s ruling family, would be launched from the Kennedy Space Center in Florida sometime between Nov. 9 and Nov. 15
  • The lunar mission is part of the UAE’s broader strategy to become a major player in the field of space exploration. If the moon mission succeeds, the UAE and Japan would join the ranks of only the U.S., Russia and China as nations that have put a spacecraft on the lunar surface.
  • Already, an Emirati satellite is orbiting Mars to study the red planet’s atmosphere. The UAE partnered with Japan’s Mitsubishi Heavy Industries to launch that probe, which swung into Mars’ orbit in February 2021.
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  • The UAE has plans to develop the Middle East’s most advanced commercial satellite to produce high-resolution satellite imagery. It has also set the ambitious goal of building a human colony on Mars by 2117.
Ed Webb

Who in the GCC wants a union? - 0 views

  • Citing “security problems, economic challenges and other serious issues confronted by the region,” Bahrain’s Prime Minister Prince Khalifa bin Salman Al Khalifa recently announced that the transformation of the Gulf Cooperation Council (GCC) to a union is an “inevitable goal” of this month’s Manama Dialogue (Dec. 9-11).
  • With absolutely no illusions that Oman — historically the most independent member of the GCC — has changed its position, last month Ghanem al-Buainain, Bahrain’s minister of Parliament Affairs, stated that he sensed “great enthusiasm for the union from the other Gulf members.”
  • Many non-Saudis in the GCC view Saudi Arabia as an important ally, yet they also see the oil-rich kingdom as an overbearing neighbor who does not always respect the smaller Arab Gulf states’ sovereignty. Due to a host of domestic issues in the GCC and regional developments, which the Arab Gulf families see through different lenses, Riyadh and Manama officials may see their plan for a union falling on deaf ears.
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  • Kuwait is the GCC state with the most vibrant political life and democratic institutions. Opposition to a union from Kuwait is largely attributable to concerns about “collective security actions” that Saudi Arabia and other Arab Gulf states could pursue to silence dissent and activism in Kuwait. Last month’s snap elections in Kuwait will bring in parliamentarians to the National Assembly from an opposition made up of liberals and Islamists whom other GCC states would not permit to hold any position of power in their own political systems. As many Kuwaitis take pride in their “half-democracy” and relative transparency and openness, the concept of a union has met its share of resistance in the country from voices across its political spectrum.
  • Doha has established ties with Islamist factions throughout the region and hosted many Muslim Brotherhood members — often done so at the expense of healthy relations with other GCC states. If other Arab Gulf countries such as the UAE, which designate the Muslim Brotherhood a “terrorist” group, and Qatar belong to a union, what will be the future of Sheikh Yusuf al-Qaradawi and other prominent Islamist figures who live in Doha?
  • Emiratis view themselves as a rival of Saudi Arabia for a dominant role in the region’s financial landscape, Abu Dhabi would not lend its support to a Riyadh-based Gulf central bank. In the UAE, where the authorities are waging a crackdown on Islamists, there has long been a belief that the Muslim Brotherhood operates in the Emirates on behalf of Saudi Arabia and Qatar for the purpose of undermining the UAE’s national sovereignty and independence.
  • Oman’s interest in deepening ties with Iran in commercial, diplomatic, energy and security spheres is a major factor driving Omani opposition to a union
  • Given the Kuwaiti and Qatari royal families’ cordial relationship with their countries’ Shiites who are loyal to the Al Sabah (Kuwait) and Al Thani (Qatar) rulers, threats of an Iranian-inspired Shiite revolution or rebellion have not provoked substantial sectarian tension in Kuwait since the end of the first Gulf war, nor has it ever done so in Qatar at any point following Ayatollah Ruhollah Khomeini’s rise to power in 1979. This outlook fundamentally contrasts with Saudi Arabia’s and Bahrain’s outlook, which is based on an understanding of Iran being a predatory state committed to toppling the Al Sauds and Al Khalifas through a violent revolution. Manama and Riyadh’s shared view of the Islamic Republic as an existential threat has closely aligned the two kingdoms and led Bahrain to maintain its strong support for a de facto Saudi-led union.
  • the option of perhaps one day importing Iranian gas may receive greater consideration if they remain relatively independent from Saudi Arabia in the framework of a council (not union) and their economic ills increase their interest in importing more natural gas. Yet a union would erase any realistic Kuwaiti or Emirati plans for signing gas contracts with Iran
  • there are grave concerns in the GCC about the US’ long-term commitment as the council’s security guarantor
Ed Webb

Let Them Eat Heritage - 0 views

  • The UN has estimated that, in Mosul’s old city alone, nearly 6,000 houses were damaged or destroyed in the battle to retake the city. NPR reported in August — a year after Mosul had been retaken from ISIS — that the Iraqi government claimed it had no money for reconstruction, and that it was relying on private donations, of which it had received enough to rebuild 250 houses. In other words, some 95% of the residents of Mosul’s old city are on their own in rebuilding their homes and their lives. Basic infrastructure is badly lacking. Perhaps 40% of the old city still has no water, and electricity is unreliable. And the social structure of the entire city has changed so drastically that it is essentially unrecognizable to its own residents.
  • the focus of much media attention and international aid seems to be the important but often symbolic cultural heritage of the city. The UAE has pledged more than $50 million for a five-year reconstruction project for the mosque. The situation is especially puzzling given that the mosque and its minaret seem of greater importance to international media than to Moslawis themselves.
  • This scene of disturbing priorities in reconstruction and in media attention has replayed itself over and over again in Iraq and Syria over the last few years
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  • At their best, these heritage reconstruction efforts offer not just symbolic progress but jobs to local residents. The UAE projects that the reconstruction of the al-Nuri mosque will employ 1,000 Iraqi graduates. The World Monuments Fund is training Syrian refugees in Jordan to assist in heritage reconstruction efforts when they return home. But even then, these projects suggest a skewed set of priorities.
  • Who is this reconstruction for, and for what purpose?
  • Reconstruction efforts in Iraq and Syria have been a top-down process, as several architectural experts have warned. Their agendas are set not by the needs of communities so much as the interests of national governments. And it is in the interests of those governments — not only the Iraqi and Syrian governments themselves, but also Russia, the UAE, and others — to promote the restoration of cultural heritage. Heritage tourism is very lucrative. Heritage also allows governments to burnish their image and questionable legitimacy, to consolidate their power after civil wars, and to project a false sense of normalcy. And funding heritage allows other countries to pose as the saviors of civilization. There is much less symbolic value, or money, in practical things.
  • Culture is important, but it’s hard to enjoy it when you can’t find food to eat or a place to sleep … or a city to return home to.
  • “Rebuilding is easy. People can rebuild their city and go back to their lives. They just need some money.” Iraqis and Syrians know what they want to rebuild (notably, ruins like Palmyra do not top the list). Local architects are full of ideas of what they want their cities and towns and villages to look like in the future. We only need to start listening.
Ed Webb

Scholars, Spies and the Gulf Military Industrial Complex | MERIP - 0 views

  • Until recently, there was little practical knowledge about what it meant for an academic to analyze the military activities of the Gulf states because there wasn’t much to study, other than some symbolic joint training exercises, sociological inquiry about the composition of the region’s armed forces, and limited Emirati participation in non-combat operations in places like Kosovo. The bulk of scholarship examined the Gulf in the context of petrodollar recycling (the exchange of the Gulf’s surplus oil capital for expensive Western military equipment) or the Gulf as the object of military intervention, but never as its agent.
  • Academic research is not espionage—but many parties (notably US and European governments) are implicated in the process that has allowed them to be conflated
  • The history of the United States and European states undermining regional governments—including its only democratically-elected ones—using covert agents posing as scholars, bureaucrats and businessmen is well-documented. Its legacy is clear in the region’s contemporary politics, where authoritarians and reactionary nationalists frequently paint democratic opposition forces as foreign agents and provocateurs. It’s also visible in the political staying power of religious conservatives, who were actively supported by the US and its allies in order to undermine leftist forces that threatened to nationalize oil fields and expropriate Western corporate property.
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  • Another element of this legacy is the paranoia that makes it difficult for regional governments to distinguish between academic researchers and spies
  • Imagine if Syria had imprisoned a British PhD student and kept them in solitary confinement for seven months with one consular visit—or if Iran covered up the brutal murder of an Italian PhD student by their police forces, as happened in Egypt in 2016. The double standards pertaining to academic freedom and the rule of law in countries formally allied with the United States and Europe and those characterized as rogue actors is so obvious it barely merits pointing out. The Emirati authorities certainly recognize this, and will continue to exploit this double standard so long as it remains intact.
  • Oil money, along with a new generation of rulers eager to use military intervention to demonstrate their power to domestic and foreign audiences, has made the Gulf not just a major weapons customer but an industry partner. The story of the UAE today is no longer Dubai’s position as a global finance hub, but Abu Dhabi’s position as an emerging player in high-tech weapons development.
  • it is no coincidence that two decades of research and funding for domestic weapons development in the UAE is now manifested in armed interventions in Yemen, Libya and the horn of Africa
  • Matt’s arrest and detention, therefore, is a clear message from UAE authorities that research into the country’s growing arms industry is off-limits, in much the same way that researchers and activists working on labor rights have found themselves surveilled, intimidated and imprisoned
  • The slow erosion of public funding for universities has bled dry the resources reserved to support PhD students, meanwhile trustees and consultants urge the adoption of for-profit business practices that generate return on investment, including partnering with defense technology firms for research grants.[3] The fact that educational institutions must go begging—hat in hand—to billionaire philanthropists and weapons conglomerates reflects both the growing share of defense industry involvement in industrial and research activities as well as the failure of our political system to levy sufficient taxes on the ultra-rich to directly fund basic investments in public education.
  • what does the weakening of US and European governments vis-à-vis their Gulf counterparts mean for the protection of students and scholars conducting overseas research?
  • Before my research on the Gulf, my focus was on the role of regional militaries (primarily Egypt and Jordan) in their domestic economies. The more I studied these cases the more I realized their military economies are not some peculiarity of third world political development, but a legacy of colonial militarization, the obstacles facing newly-independent states trying to industrialize their economies, and the extraordinary organizational and financial resources that weapons producers dedicate to proliferating their products all over the globe.
  • I do not know of any studies estimating the total number of academics and non-government researchers working on security and military-related issues across the globe, but I expect it is in the tens of thousands at the very least. At my home institution alone—The George Washington University—there are maybe a dozen faculty working on everything from the psychology of drone operators to the role gender plays in government defense contracting—and I’m pretty sure none of these people are spies. This kind of security studies—which examines topics like defense technology, the global arms industry and government contracting—is a growing field, not least due to the proliferation of information about these issues coming from the booming private sector. And as multinational defense firms and their complementary industry partners continue to chase investment shifting from the core capitalist countries to emerging regional powers like the Gulf States these latter sites will become increasingly important targets for such research.
  • Matt’s case should make us question not only the safety of Western researchers and our students but, more importantly, the continued harassment, intimidation and imprisonment of academics and democratic activists across the Middle East.
Ed Webb

Qatar's Gulf Allies Have Had Enough of Doha's Broken Promises - 1 views

  • Citizens of the Gulf Cooperation Council (GCC) states woke up on Monday morning to what is the most severe crisis in the regional block’s 38 year history to date. In a closely coordinated series of statements, Saudi Arabia, Bahrain and the UAE, along with Egypt, announced the severing of ties with the peninsular state of Qatar.
  • In what may be the most debilitating move, Qatar’s border with Saudi Arabia—which is its only land border —has been shut and all flights over Saudi and UAE airspace has been closed off to Qatar bound flights and Qatar Airways. Qatari citizens have been given two weeks to leave Saudi Arabia, Bahrain and the UAE and all travel by these countries citizens to Qatar is now prohibited.
  • Other Qatar backed networks that were accused of incitement on official Gulf TV channels include Al Quds Al Arabi (Arab Jerusalem) newspaper which was founded in London in 1989, online Arabic news portal Arabi 21, the London based website Middle East Eye, the Arabic version of Huffington Post which is headed by former Al Jazeera boss Waddah Khanfar and Al Khaleej Al Jadeed (the New Gulf).
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  • It is likely that this time the Gulf States will demand the complete shuttering of the Al Jazeera TV Network before any mediation can take place. Additionally, the plug will have to be pulled on networks funded by Qatar such as Al Araby Al Jadeed (The New Arab), originally set up to compete with Al Jazeera and headed by former Arab Israeli politician Azmi Bishara.
  • will also demand the expulsion of all Muslim Brotherhood leaders and their Hamas affiliate figures from Qatar, along with Azmi Bishara and Islamist writer Yasser Al-Za'atra. Other demands will include the sacking of Al Arab newspaper editor Abdullah Al Athba
  • It seems though the initial pressure has already somewhat worked on Qatar. Last week Doha deported Saudi activist Mohammed Al-Otaibi who arrived in Qatar in March, while a number of Hamas officials have left Qatar at the country’s request.
  • Qatar imports over 90 percent of its food, and by one estimate about 40 percent of that comes from the its only land border, which is now closed. Within hours photos started circulating on social media of Qatari supermarket aisles that have been emptied by panicked shoppers. Furthermore Gulf media has hinted at an escalation of the dispute with Qatari commercial and trade ties being severed next.
Ed Webb

Russia's Putin signs deals worth $1.3bn during UAE visit | Russia News | Al Jazeera - 0 views

  • Russian President Vladimir Putin's has told officials in the United Arab Emirates they "will not be disappointed" as he wrapped up a short Gulf tour by signing deals worth more than $1.3bn in Abu Dhabi.
  • The crown prince and the Russian president struck six agreements, including one on shared investments between Russia's sovereign wealth fund and the Emirati investment fund Mubadala
  • In 2018, commerce between the two countries tabled some $1.7bn.
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  • "Among the Gulf countries, the UAE is the leader in terms of trade with Russia,"
  • Putin and Prince Mohammed also met Emirati astronaut Hazzaa al-Mansoori, who last month became the first Arab to reach the International Space Station, to which Russia currently enjoys a monopoly on manned flights.
  • Putin's Monday visit to US ally Riyadh, where he signed deals worth billions of dollars, came amid efforts to calm soaring tensions between the kingdom and its rival Iran. Despite its alliance with Tehran, Moscow has improved ties with Riyadh in recent years, hosting King Salman on the first official trip to Russia by a Saudi monarch in October 2017.     
Ed Webb

US officials meet Libya's Haftar to end Tripoli offensive | News | Al Jazeera - 0 views

  • Senior US officials have met with Libyan renegade general Khalifa Haftar to discuss steps towards ending his offensive on Tripoli, and accused Russia of exploiting the conflict, the US state department has announced.
  • Haftar's eastern-based, self-styled Libyan National Army (LNA) in April launched an offensive to seize Tripoli, the seat of the UN-recognised Government of National Accord (GNA). More than 1,000 people have been killed since the start of the operation.
  • "It seems that the US is getting involved in ending the current conflict but the question now is whether or not these mediations are going to address the countries involved in fuelling the conflict in Libya, like Russia, the United Arab Emirates (UAE) and Egypt."
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  • Russian mercenaries have reportedly been fighting on the side of LNA.
  • Western powers have sent mixed signals with France and Italy welcoming Haftar for visits and Trump, after a phone call, hailing his role in "fighting terrorism and securing Libya's oil resources". But the United States later distanced itself from Haftar and joined calls for a ceasefire. Haftar is backed by Saudi Arabia, Egypt and the UAE. The LNA denies it has foreign backing.
  • an LNA official on Monday said a US drone brought down last week over the Libyan capital was shot down by accident. A senior official in the LNA said the UAV was mistaken for a Turkish drone deployed by the Tripoli-based government.
Ed Webb

UAE to send F-16s to Crete for training with Greek military amid tensions with Turkey - 0 views

  • The United Arab Emirates is sending four F-16 fighter aircraft for joint training with the Greek military on Crete, an Athens-based daily newspaper reported Friday. The aircraft will partake in training exercise with Greece’s military over the Eastern Mediterranean amid heightened tensions with Turkey, which has deployed naval vessels to escort a hydrocarbon exploration ship to waters claimed by Greece.
  • The deployment comes as Turkey also prepared to announce its largest-ever natural gas discovery in the Black Sea, and just a week after the UAE announced its formal recognition the state of Israel in a historic deal brokered by the US.
  • renewed regional opposition to Turkey’s ambitions in the Mediterranean
Ed Webb

In Istanbul and Dubai, Russians pile into property to shelter from sanctions | Reuters - 0 views

  • Wealthy Russians are pouring money into real estate in Turkey and the United Arab Emirates, seeking a financial haven in the wake of Moscow's invasion of Ukraine and Western sanctions, according to many property companies.
  • "We sell seven to eight units to Russians every day," said Gul Gul, co-founder of the Golden Sign real estate company in Istanbul. "They buy in cash, they open bank accounts in Turkey or they bring gold."
  • While Turkey and the UAE have criticised the Russian offensive, Ankara opposes non-U.N. sanctions on Russia and both countries have relatively good ties with Moscow and still operate direct flights, potentially offering routes out for Russians and their cash.
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  • Russians have been big buyers of Turkish property for years, behind Iranians and Iraqis, yet the real estate players said there had been a spike in demand in recent weeks.
  • Ibrahim Babacan, whose company in Istanbul builds and sells real estate mainly for foreign buyers in Turkey, said in the past many Russians had wanted to live in resorts such as the Mediterranean Antalya region. Now they were buying apartments in Istanbul to invest their money.
  • Both Turkey and the United Arab Emirates offer residency incentives for property buyers. In Turkey foreigners who pay $250,000 for a property and keep it for three years can get a Turkish passport. For a slightly smaller sum Dubai, a major Middle East business hub, offers a three-year residency visa.
  • "Investors are looking for both capital protection and the opportunity to receive a residential visa in the UAE for temporary relocation," said Elena Milishenkova of real estate brokerage Tranio, based in Moscow and Berlin, which has a focus on Russian clients buying property overseas.
  • Some newly arrived Russians in Turkey have struggled to make deposits and transfers at banks that are wary of contravening sanctions
  • The UAE issued guidelines to banks last year to tighten procedures identifying suspicious transactions in an attempt to stem illicit financial flows. That did not stop the country, like Turkey, being added to a list of countries monitored by the FATF global financial crime watchdog.
  • Caldas and Alex Cihanoglu, a realtor also based in Turkey's largest city, said some Russians were using cash converted from cryptocurrency, now that sanctions had made financial transfers more complex."I would say most of the transactions that we're seeing are in crypto," Caldas added. "Crypto, especially for this market now, in the difficulties they're facing, is the channel that is being used."
Ed Webb

UAE signs nuclear energy deals with three Chinese companies - 0 views

  • The Emirates Nuclear Energy Corporation has signed three agreements with China National Nuclear Corporation and its subsidiaries during a visit to China.An agreement with Nuclear Power Operations Research Institute will focus on possible collaboration between the two parties in nuclear energy operations and maintenance.
  • The deal signed with the China National Nuclear Corporation Overseas will focus on co-operation in the field of high temperature gas-cooled reactors.The third agreement with the China Nuclear Energy Industry Corporation will focus on possible collaboration in nuclear fuel supply and investment.
  • Unit 3 of Abu Dhabi's Barakah Nuclear Energy Plant began commercial operations in February.It was the third unit to be delivered in three consecutive years, generating up to 4,200 megawatts of clean electricity capacity to the grid.
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  • Barakah is the Arab world’s first nuclear power station and, once fully operational, will supply about 25 per cent of the UAE’s electricity needs.
  • “Given the size of China’s economy and the scale of its development of renewable energy and decarbonisation technology, China provides a good model for sustainable economic growth and the global energy transition,” said Dr Al Jaber, who is also the UAE's Minister of Industry and Advanced Technology.
Ed Webb

Qatar World Cup set to be major windfall for tourist-ready Dubai | Middle East Eye - 0 views

  • With little investment the UAE, and in particular Dubai, stands to gain if, as expected, supporters opt to stay in the tourism hotspot instead of tiny Gulf neighbour Qatar during the November-December tournament.
  • Dubai's more permissive environment - including a wider availability of alcohol - could entice fans
  • Budget airline flydubai will run at least 30 return flights a day to Doha, just an hour away, part of a daily airlift of 160 shuttle services from cities in the resource-rich Gulf.
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  • Any economic windfall, and reflected glory from the first World Cup on Arab soil, will come less than two years after Doha and the UAE were at odds over a regional blockade that isolated Qatar from its neighbours.
  • The UAE is also offering multiple-entry visas at the nominal fee of 100 dirhams ($27) to people with tickets for World Cup matches.
  • One Dubai hotel, on the man-made, frond-shaped Palm island, will be given over entirely to football fans.
  • Shuttle flights will also run from Saudi Arabia, Kuwait and Oman to relieve pressure on accommodation in Doha, a city of 2.4 million. But "relative to other Gulf states, Dubai does hold an advantage with its standing as a major tourist destination already",
Ed Webb

Stronger Egypt-Iran rapproachement could be a message to third parties | Egypt Independent - 1 views

  • Ahmadinejad wants to convey regional leadership and to claim success in opening and warming relations with Egypt. He also benefits from having an Islamist leader, like Morsy, greet him warmly
  • “With so much trouble at home, Morsy may have wanted to look like a global statesman by welcoming Ahmadinejad. He may also want to signal his independence from Western political interests, as we’ve seen through his warming relations with the Hamas’ leadership,”
  • During a news conference, an Al-Azhar spokesperson gave the Iranian leader a public scolding, listing five demands, which included the protection of Sunni and Khuzestani minorities in Iran, ending political interference in Bahrain, ending its support of the Syrian regime, and ending Iran’s ostensible mission to spread Shia Islam across the region.
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  • “Morsy sends a clear message to the Gulf countries and especially the [United Arab Emirates] that he can easily create alternative strategic relationship,” Labbad says, adding that such “political vexing” is a response to the failure of the visit by Morsy adviser Essam al-Haddad to resolve the issue of 11 Egyptian detainees in the UAE. The latter are said to have strong connections to the Brotherhood’s international organization, in the midst of growing enmity between Egypt and the UAE.. Labbad argues that Morsy thus does not aim at real and deep rapprochement with Iran, but rather a cosmetic patch up to send signals to the Gulf. “The context here is very dangerous, because the revived relationship with Iran should be an addition to Egypt’s foreign policy, not a replacement of its relationship with the Gulf countries,” he adds. Momani doubts such an inclination by Morsy, as Egypt cannot afford the cost of such a policy. “This strategy can backfire and upset Gulf donors and benefactors. Iran can never supply the kinds of funds that are provided by the Gulf,” she says.
  • “I think neither Morsy nor Ahmadinejad enjoy the authority to have complete control or knowledge of their respective government’s grand strategies for Syria. What seems certain is that a realist agenda determines foreign policy on both sides. Both seek a Syrian government they can control or at least influence,”
Ed Webb

CHARTS: US Overseas Arms Sales More Than Tripled in 2011 | Mother Jones - 0 views

  • Much of the surge was driven exclusively by the ongoing freak-out over Iran: Saudi Arabia, Oman, and the United Arab Emirates (all Persian Gulf allies or partners of the United States) in particular started buying missile defense systems, fighter jets, and other hardware from the US at record levels, just in case Iran ever goes nuclear and tries to throw its weight around West Asia and the Gulf. Saudi Arabia's $33.4 billion deal included dozens of F-15 fighter jets and Black Hawk helicopters. The UAE threw down $4.5 billion for a missile shield and other toys.
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