Dubai’s deal with Kiev includes no weapons supplies – UAE Foreign Ministry — RT News:
"The United Arab Emirates is not selling military equipment to Ukraine, despite earlier statements by Kiev officials, the UAE Foreign Ministry said.
“An agreement on cooperation in defense technologies the UAE and Ukraine signed recently does not stipulate any contracts for deliveries of weaponry to the Ukrainian side,” said Faraj Faris al-Mazrouei, adviser to UAE Foreign Minister Abdullah bin Zayed Al Nahyan.
The deal was only one element in a future system of cooperation between the two countries in the field of defense technologies, RIA Novosti reported al-Mazrouei as saying, citing the Emarat Al-Yawm news portal."
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Friday, 27 February 2015
US won’t overtake Saudi Arabia as biggest oil exporter – head of IEA — RT Business
US won’t overtake Saudi Arabia as biggest oil exporter – head of IEA — RT Business:
"Despite being the biggest crude oil producer, the United States won’t be able to export more than the current world leader Saudi Arabia, says the new head of the International Energy Agency (IEA) Fatih Birol.
“The United States will never be a major oil exporter. Their import needs are getting less but the US is not becoming Saudi Arabia,” Birol told The Telegraph’s Middle East Congress.
“Their production growth is good to diversify the market but it will not solve the world’s oil problems,” he added."
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"Despite being the biggest crude oil producer, the United States won’t be able to export more than the current world leader Saudi Arabia, says the new head of the International Energy Agency (IEA) Fatih Birol.
“The United States will never be a major oil exporter. Their import needs are getting less but the US is not becoming Saudi Arabia,” Birol told The Telegraph’s Middle East Congress.
“Their production growth is good to diversify the market but it will not solve the world’s oil problems,” he added."
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Next big step for UAE markets to raise their profile | The National
Next big step for UAE markets to raise their profile | The National:
"The authorities are rightly proud of last year’s upgrade of the UAE to emerging market by MSCI. Now the country should set its sights on the next visionary milestone: to become a developed market. There are good reasons to think this is possible within the next decade.
The UAE is the de facto capital of the Arab world. It is the trading, travel, logistics and banking centre of a regional market that is home to 350 million people. It is a diplomatic and defence powerhouse. It is the place most Arabs want to live, and the top tourist destination. It can and should aspire to become the benchmark and market of choice.
So how would we get there?"
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"The authorities are rightly proud of last year’s upgrade of the UAE to emerging market by MSCI. Now the country should set its sights on the next visionary milestone: to become a developed market. There are good reasons to think this is possible within the next decade.
The UAE is the de facto capital of the Arab world. It is the trading, travel, logistics and banking centre of a regional market that is home to 350 million people. It is a diplomatic and defence powerhouse. It is the place most Arabs want to live, and the top tourist destination. It can and should aspire to become the benchmark and market of choice.
So how would we get there?"
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Egypt turns to Europe for investment | The National
Egypt turns to Europe for investment | The National:
"Egypt will not rely on further aid from the Gulf unless its already shaky economy worsens, a senior minister told The National, as the country looks to court billions of dollars in foreign investment from Europe.
Since the removal in 2013 of the Muslim Brotherhood president Mohammed Morsi, the UAE, Saudi Arabia and Kuwait have given Egypt more than US$12 billion.
But Hany Kadry Dimian, Egypt’s minister of finance, said at the Middle East Congress in London yesterday that the country would not seek further aid as long as the economic recovery keeps on track. The National was a media partner for the event."
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"Egypt will not rely on further aid from the Gulf unless its already shaky economy worsens, a senior minister told The National, as the country looks to court billions of dollars in foreign investment from Europe.
Since the removal in 2013 of the Muslim Brotherhood president Mohammed Morsi, the UAE, Saudi Arabia and Kuwait have given Egypt more than US$12 billion.
But Hany Kadry Dimian, Egypt’s minister of finance, said at the Middle East Congress in London yesterday that the country would not seek further aid as long as the economic recovery keeps on track. The National was a media partner for the event."
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London mayor Boris Johnson expects ‘spacecraft full of bullion’ from Arabian Gulf to land in his city | The National
London mayor Boris Johnson expects ‘spacecraft full of bullion’ from Arabian Gulf to land in his city | The National:
"Arabian Gulf investors are set to snap up more prime London real estate, according to its mayor Boris Johnson, who envisages “gigantic spacecraft full of bullion” continuing to land on his city despite painfully low oil prices.
Mr Johnson, who is known for his colourful turns of phrase, said investors from the region were considering further purchases in the area used for the 2012 Olympic Games.
Qatari Diar, the Gulf state’s investment arm, and a UK-based property firm already jointly own 1,400 flats at the Olympic Village – bought for a knockdown price of £557 million (Dh3.17 billion) in 2011, in a move that caused some controversy."
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"Arabian Gulf investors are set to snap up more prime London real estate, according to its mayor Boris Johnson, who envisages “gigantic spacecraft full of bullion” continuing to land on his city despite painfully low oil prices.
Mr Johnson, who is known for his colourful turns of phrase, said investors from the region were considering further purchases in the area used for the 2012 Olympic Games.
Qatari Diar, the Gulf state’s investment arm, and a UK-based property firm already jointly own 1,400 flats at the Olympic Village – bought for a knockdown price of £557 million (Dh3.17 billion) in 2011, in a move that caused some controversy."
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Boeing, FedEx battle back vs U.S. airlines on Gulf competition | Reuters
Boeing, FedEx battle back vs U.S. airlines on Gulf competition | Reuters:
"A push by three U.S. airlines to curb competition from Gulf state carriers has triggered a sharp response from other powerful U.S. aviation companies including Boeing Co (BA.N) and FedEx Corp (FDX.N), potentially complicating the airlines’ campaign for Obama administration support.
Delta Air Lines Inc (DAL.N), United and American Airlines have asked the White House to look into the financial statements of competitors from Qatar and the United Arab Emirates, which they accuse of receiving more than $40 billion in government subsidies since 2004.
But calls for the United States to tamper with Open Skies agreements with the Gulf nations have angered other U.S. companies that benefit from the pacts. The agreements eliminate barriers that would block some FedEx operations and slow the expansion of carriers like Emirates that have showered Boeing with orders."
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"A push by three U.S. airlines to curb competition from Gulf state carriers has triggered a sharp response from other powerful U.S. aviation companies including Boeing Co (BA.N) and FedEx Corp (FDX.N), potentially complicating the airlines’ campaign for Obama administration support.
Delta Air Lines Inc (DAL.N), United and American Airlines have asked the White House to look into the financial statements of competitors from Qatar and the United Arab Emirates, which they accuse of receiving more than $40 billion in government subsidies since 2004.
But calls for the United States to tamper with Open Skies agreements with the Gulf nations have angered other U.S. companies that benefit from the pacts. The agreements eliminate barriers that would block some FedEx operations and slow the expansion of carriers like Emirates that have showered Boeing with orders."
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MIDEAST STOCKS-Gulf markets slip, Egypt falls on Q4 results, politics | Reuters
MIDEAST STOCKS-Gulf markets slip, Egypt falls on Q4 results, politics | Reuters:
"Most major Gulf stock markets slipped on Thursday despite stronger oil prices, as low trading volumes indicated retail investors remained cautious.
Brent crude surged 5 percent on Wednesday, after Saudi Arabia's oil minister said oil demand was growing and data showed Chinese factories were producing more than expected.
That was positive news for the Saudi stock market, but its main index inched down 0.1 percent as trading volume remained modest and shares of telecommunications operator Mobily remained suspended following another shock revision of its 2014 earnings on Wednesday."
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"Most major Gulf stock markets slipped on Thursday despite stronger oil prices, as low trading volumes indicated retail investors remained cautious.
Brent crude surged 5 percent on Wednesday, after Saudi Arabia's oil minister said oil demand was growing and data showed Chinese factories were producing more than expected.
That was positive news for the Saudi stock market, but its main index inched down 0.1 percent as trading volume remained modest and shares of telecommunications operator Mobily remained suspended following another shock revision of its 2014 earnings on Wednesday."
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