Tag: United Arab Emirates
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UAE says one of its ships was targeted by missile as U.S.-Iran tensions over Strait of Hormuz remain high
Iran’s military stressed that the crucial waterway would only be reopened when the U.S. accepts Iran’s conditions.
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EU urges Caribbean nations to shut down golden passport programs or face travel restrictions
Skip NavigationMarketsBusinessInvestingTechPolitics & PolicyVideoWatchlistInvesting ClubPROLivestreamMenu In late June, the European Union formally requested that five Caribbean nations shut down their citizenship-by-investment programs by 2028 or
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UN experts urge UAE to free British businessman
Ryan Cornelius, 72, was jailed in 2008 over a financing dispute and completed his 10-year sentence in 2018, but remains in prison after his term was extended by 20 years over an alleged unpaid debt.
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Abu Dhabi approves $6.2 billion gas project to boost UAE supply
Abu Dhabi’s National Oil Company will invest $6.2 billion to develop the Umm Shaif Gas Cap to expand natural gas production and liquefied natural gas exports.
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Oil pipelines around the Strait of Hormuz won’t end the threat Iran poses to Middle East crude exports
Oil producers are building or contemplating new pipeline projects to bypass the Strait of Hormuz, but this infrastructure is still vulnerable, analysts said.
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Private chef salaries reach $300,000 as the rich seek their own Michelin stars
Demand for chefs, personal assistants, butlers, nannies, housekeepers, chauffeurs and estate managers have reached records, according to Morgan & Mallet.
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Stock market gains minted nearly 1 million new millionaires in 2025, new UBS report says
Global personal wealth surged by 10.8% in 2025, the biggest jump since 2017, per UBS.
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UAE apologises for ‘incorrect’ missile alerts
Authorities said the warnings were a mistake and have been fixed after a technical error sent false missile attack alerts to residents’ phones.
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Luxury spending now driven by experiences and ‘inheritourism’
While luxury goods sales are expected to grow between 1% and 4%, experiences are on track for growth of between 3% and 7% this year, according to a new report.
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New train line connecting Dubai and Abu Dhabi to launch
Etihad Rail will start its route between the UAE capital and Fujairah in late June, with further stations opening in the coming months.
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