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After decades, Iran, Iraq ready to dredge the Shatt al-Arab

Hope of restoring a clean water lifeline to Basra province is on the rise again with plans by the Iraqi and Iranian governments to revive the Shatt al-Arab as a source of drinking water and improve its functioning as a trade route. Representatives from Iraq and Iran met May 19 in Khorramshahr, Iran, situated on the waterway, to discuss a clean up of the river on the basis of the Algiers Agreement (1975), establishing joint control and designating the Taluk line, marking ...

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Iraq’s president calls on neighbours, allies for Iran’s stability

Iraq’s president Barham Salih has called upon neighbouring countries and allies to support Iran’s stability. Iraq has also refused to sign the final joint statement issued by the Arab League following its meeting in Saudi Arabia, which is also hosting talks with the leaders of the Organisation of Islamic Cooperation (OIC) and the Gulf Cooperation Council (GCC). Earlier, Saudi King Salman bin Abdulaziz Al ...

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UAE promotes sustainable fashion

The UAE’s ever-vibrant multicultural society offers a great deal of inspiration to the fashion industry which is now promoting sustainable fashion. Industry stalwarts are conscious and support the initiative of sustainable fashion not only locally but also on global level, as it helps living in the healthy society. Recently, Jessica Minh Anh, a producer of the world’s most innovative catwalks, ...

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Gulf Arab Countries Back UAE To Protect Oil Interests

The Arab countries of the Persian Gulf expressed solidarity with Saudi Arabia and the United Arab Emirates (UAE), supporting all measures that their two allies take to protect their security and interests in the wake of what they called “terrorist attacks carried out by the Houthi terrorist militias” on oil interests in the region. Two pumping stations along Aramco’s East-West oil pipeline ...

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One more Indian businessman receives long-term visa in UAE

Danube Group chairman Rizwan Sajan has become the third person in the UAE to be granted 10-year visa by the UAE authorities. Prior to this, the General Directorate of Residency and Foreigners Affairs (GDRFA) in Dubai had granted long-term visas to two Indian businessmen – Regal Group chairman Vasudev Shamdas Shroff and Khushi Jewellers owner Khushi Khatwani – on May ...

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UAE plane crash victim named as former RAF man Chris Stone

One of three Britons who died in a light aircraft crash in the United Arab Emirates (UAE) has been named as former RAF man Christopher Stone. Mr Stone was killed along with three other people on 16 May when their light aircraft crashed near Dubai International Airport. The Foreign Office is supporting Mr Stone’s family, as well as the family ...

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UAE issues formal request to buy KC-46A tanker, says Boeing

SINGAPORE – The United Arab Emirates has emerged as a surprise customer for KC-46A Pegasus, having formally made a request to buy the tanker aircraft, according to manufacturer Boeing. Speaking to reporters at a media event on the sidelines of the annual Shangri-La Dialogueregional security summit in Singapore, Jeff Shockey, Boeing’s vice president of global sales for defense, space and security, ...

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Investment is the biggest disappointment of the Greek economy

The lack of investment is the biggest disappointment of the Greek economy, Themis Themistocleous, Head Chief Investment Office Europe at UBS Wealth Management, notes in an interview with Kathimerini, explaining why the Greek economy is trapped at low growth rates. He talks about what the outcome of the European elections means for investors while he stresses that the Greek government’s ...

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What’s gone wrong with Brazil’s economy?

On 1 January, when Brazil’s far-right president Jair Bolsonaro took office, many in the country were concerned that the divisive politician would not be able to bring the country together. But one sector was almost unanimous in praising Mr Bolsonaro’s rise to power: business people. Brazil’s president boasted during the election that he did not understand anything about economics. Once ...

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