Thousands of
#Tigrayans
deported from
#Saudi
Arabia have been arbitrarily detained, mistreated, and have forcibly disappeared upon their return to
#Ethiopia
, according to the Human Rights Watch via
@bpolitics
#Saudi
is making more money than at any time since King Salman ascended to the throne in 2015. On current trends, the kingdom will earn $375 billion pumping
#oil
this year, the second-highest amount ever, says
@JavierBlas
via
@bopinion
Only in
#Dubai
does a hotel need 92 pools
The new Atlantis Royal on Palm Jumeirah has
*outdoor crystal chandeliers that transform into sunshades
*17 restaurants and bars
* 795 guest rooms
* 231 apartments
via
@luxury
by
@RossKUrken
BBC Arabic radio and BBC Persian radio will cease amid a cost-saving plan and a new focus on the digital offering. The proposals will result in the loss of around 382 post closures.
"They're watching a train wreck, & they can't do anything about it, & the trains are speeding up," said a person familiar with the administration's thinking. "The train wreck is in
#Gaza
, but the explosion is in the region.''
he Arab Center for the Advancement of Social Media, or 7amleh, said in a report published this month that Facebook accepted 81% of requests made by Israel’s Cyber Unit to remove Palestinian content last year.
Palestinian foreign ministry declared that
#Israel
, as occupying power, “is obliged to provide vaccines against coronavirus to the Palestinian people, at a time when it provides these vaccinations to its citizens.”
via
@bopinion
.
@RashidaTlaib
just led a moment of silence in honor of
#ShireenAbuAqla
on the House floor.
May Shireen's memory be for a blessing and for truth. May we end US complicity and support for the Israeli government's violent apartheid regime that killed her.
The Royal Navy plans to deploy 100 marines to the Persian
#Gulf
to protect British ships after a series of attacks on vessels, according to a report via
@bpolitics
#UK
#tankers
🧵
#Dubai
is changing gradually. It's breaking away from an economic model that prevails across the
#Gulf
, linking
#residency
to employment.
*Offered 10-year visas
*Abolished a requirement for firms to have a majority local partner
It's paying off..
#Saudi
possesses a competitive advantage in its perpetual sunshine and wind, & vast tracts of unused land. Helios’s costs likely will be among the lowest globally and could reach $1.50 per kilogram by 2030, according to BNEF.
via
@business
@_MissVee_
Abu Dhabi police say a fire at its main airport and explosions at three fuel trucks were possibly caused by drones.
*
#Yemen
's
#Houthi
rebels claimed they are behind attacks
* 3 people killed, 6 wounded in
#AbuDhabi
attack
via
@bpolitics
#UAE
#Saudi
#Jordan
’s king backs the formation of a Middle East military alliance similar to
#NATO
, ahead of
#US
President Joe Biden's visit to the region via
@bpolitics
#IMF
now expects
#Oman
to run a budget deficit of only 5.4% of GDP in 2021, less than a third its shortfall in 2020. IMF’s outlook last month pencils in a deficit near zero in 2024, a view more optimistic than even government projections. via
@business
For those of you, who like me don't get how
#Bitcoin
works, he's a good chart. And here is a good
@BW
piece that tries to explain the
#CryptoCurrencies
latest jump
“The Houthi capabilities are getting better,” said
@Dr_E_Kendall
.. “This is one sign of how the war has backfired on Saudi Arabia. It was intended to reduce Iranian influence but instead it has increased it.” via
@bpolitics
Many families are preparing to leave
#Dubai
once the school year ends amid job losses. With no formal route to citizenship or permanent residency & no benefits to bridge the hard times, staying is simply not an option.
via
@business
#Biden
dishonored
#Afghanistan
's military, says
@ghoshworld
. In the course of two decades, more than 66,000 soldiers and police gave their lives to preserve their nation via
@bopinion
*
#Saudi
economy contracted 7% in Q2 from year earlier
*Unemployment among citizens rose to 15.4% from April to June from 11.8% in Q1
*Oil sector shrank an annual 5.3%
*Non-oil economy declined 8.2%,
via
@business
@viviannereim
#jobs
#GCC
#coronavirus
Trump paid $750 in taxes the year he was elected! That’s way less than the $130,000 in hush money he paid Stormy Daniels. In 2012,
#Trump
criticized Barack Obama for “only” paying $161,950 in taxes,
@TimOBrien
writes via
@bopinion
#TrumpTaxReturns
A must read by
@FionamMacDonald
. When
#Kuwait
's
@AnasALsaleh
warned in 2016 that it was time to cut spending & prepare for life after oil, he was ridiculed by a population raised on a seemingly endless flow of petrodollars. via
@business
In 1926, Henry Ford decided to give workers two free days every week, arguing they would buy more cars if they had more leisure time. They did, and by the end of the next decade most American manufacturers had followed his lead.
via
@BW
@nicola_news
Alarmed at the speed of the proposed changes, leading merchant families have lobbied the deputy ruler of Dubai, Sheikh Maktoum bin Mohammed al-Maktoum, people briefed on the matter said.
UAE pushes merchant families to open up to competition
Iraq is developing a $40 billion plan for nuclear power as the electricity-starved petrostate seeks to end the widespread blackouts that have sparked social unrest via
@markets
by
@Khalidansary
&
@A_DiPaola17
The Financial Action Task Force,
#FATF
, is leaning toward adding the
#UAE
to its “gray list” early this year, 1 of 2 classifications used by the intergovernmental body for nations determined to have “strategic deficiencies,” people familiar said.
@business
Terrifying data:
The world’s eight hottest years on record have all occurred in the past eight years. Explore the data revealing the warming world that awaits us. via
@climate
#UAE
non-oil private sector activity grew for a fourth month in March, the longest run of expansion since late 2019, according to IHS Markit. UAE Purchasing Managers’ Index rose to 52.6 from 50.6 in February.
via
@business
by
@AbeerAO1
Cool story by
@BenBartenstein
on the gatekeepers financiers need to know for access to one Abu Dhabi royal who controls a massive pile of private and state assets.
via
@business
“It’s a huge let down, they are just sweeping all of
#Assad
’s crimes under the carpet that they have rolled out to receive him,” said Joumana Seif, a Syrian lawyer involved in efforts to prosecute govt. figures for war crimes in
#EU
courts.
@samdagher
#Israel
has been talking to the
#US
and Gulf Arab countries about how it could normalize diplomatic relations with
#Saudi
Arabia but realizes any progress is likely to be slow, Foreign Minister Yair Lapid says via
@bpolitics
@DanielAvis_
#Oil
tanker on fire in Sea of
#Oman
; U.K. Body Starts Probe, Bloomberg reports
*Tanker Front Altair was on fire, U.A.E. official at the U.A.E. port of Fujairah and a person with knowledge of the matter said
*vessel had loaded oil from the Abu Dhabi before setting off to sea
The White House’s top official responsible for the Middle East told
#US
allies in the
#Gulf
that deepening certain ties with
#China
would hamper their cooperation with their chief strategic ally and security partner via
@bpolitics
@IvankaTrump
ran into split-screen trouble with her gauzy & glam mommy-of-the-year Instagram posts during the refugee ban, the migrant crisis and the Palestinians dying at Israeli border during her visit to the opening of the U.S. Embassy in
#Jerusalem
U.S. Senate votes against the consideration of two resolutions to block the sale of F-35 fighter jets, Reaper drones and other advanced weapons to the
#UAE
via
@bpolitics
Not exactly a beach reading but I did enjoy this book by
@jimkrane
a lot actually. Great overview of Gulf energy issues as well as the looming energy transition. All in an easy read as you’d expect from a former journalist!!
#GCC
#BookTwitter
#oilandgas
#Politics
#Gulf
Happy 50th birthday
#UAE
. Wishing you endless peace & prosperity.
Those
#Dubai
-born dudes are always big on celebrating national day.
#UAENationalDay
#UAE50
#UAE
said it had intercepted two ballistic missiles launched by
#Yemen
’s Houthi fighters, the second attack in a week.
Shrapnel from the interception fell over scattered areas of
#AbuDhabi
without causing loss of life, the UAE Defense Ministry said on Monday.
#Dubai
’s largest property developer faces a quandary heading into 2021, according to Morgan Stanley --
Rents reached an all-time low last quarter, while construction activity picked up, according to broker JLL. via
@markets
with
@filipepacheco
@viviannereim
@profmusgrave
Because texting is free in good o'l USA. I went over this with my friends back in the States and yeah...free texts can beat WhatsApp anytime of the day.
They can even send pics and other media FOR FREE...as long within plan. Most plans are generous I'm told.
Many financial institutions prefer to have no American customers at all. This particular problem is a consequence of the Foreign Account Tax Compliance Act (
#FATCA
), notorious
#Obama
-era legislation that has upended the lives of many US expats.
@opinion
#Norway
’s $1.3 trillion sovereign wealth fund, the world's largest, drops two firms for their activities associated with
#Israeli
settlements on the West Bank via
@bbgequality
HE
@AnwarGargash
met with HE
@Bagheri_Kani
in which discussions revolved around the importance of strengthening bilateral relations on basis of good neighborliness &mutual respect, working towards achieving regional stability &prosperity, &developing economic &trade relations🇦🇪🇮🇷
The
#UAE
is set to introduce a federal corporate tax of 9% on business profits from June 2023. This is the latest in a gradual introduction of
#taxes
that’s made the UAE a more expensive place to live than it once was.
via
@business
Stock exchanges in the
#UAE
will operate Monday-to-Friday with Friday being a full working day for the bourses, Abdulrahman Al Awar, Director Gen of Federal Authority for Government Human Resources told
@ManusCranny
on
@BloombergTV
.
#WeekendChange
The Turkish military's expanding footprint comes at a cost. Military expenditure as a percentage of GDP has risen almost 50% to 2.7% in 2019 from 1.8% in 2015, at a time when Turkey’s economy has weakened. via
@bpolitics
#Turkey
#Libya
#Cyprus
Structural problems predating the pandemic are inflicting disproportionate pain on the Arab nations of the Middle East and North Africa via
@bopinion
#MENA
#arab
The show of support in
#UAE
during the early days of normalization with
#Israel
was a ``show of support for the government rather than a show of support for ‘normalization’ as such,”
@Abdulkhaleq_UAE
by
@ayaelb
“I was totally wrong.”
#Dubai
developer admits he missed property turnaround & says the “surprising” rebound will extend into 2022.
@HussainSajwani
's offer for
#Damac
was at steep discount to listing price in 2015, triggering an investor backlash
@markets
The outlook means that
#Dubai
will be a relative bargain for buyers with deep pockets. A million dollars can buy 165 square meters of space in Dubai, around five times more than in
#London
or
#NewYork
, according to Knight Frank. via
@markets
#property
U.A.E. will allow retirees to stay in the country in an unprecedented move to help retain capital. Only those above 55 years old would be able to apply for 5-year visas.. But only if they qualify and it kinda has to do with how much money they have..
One of
#Dubai
’s largest developers said 2021 would be another challenging year for the sector and warned against the risk of companies “dumping” property via
@markets
A great read by my former colleague
@MDerhally
on the
#Abraaj
case in NY. Some of the quotes in the indictment are almost comical in their absurdity!
Abraaj executives fleeced firm in deception founder said was 'like playing poker' via
@TheNationalUAE
As if Abdel-Fattah El-Sisi didn't have enough problems,
#Saudi
labor reforms are sending hundreds of thousands of Egyptians home, to an uncertain future. via
@bopinion
#Egypt
#Kuwait
’s government has submitted a draft law to parliament requesting permission to withdraw as much as 5 billion dinars ($16.5 billion) a year from the country’s sovereign wealth fund via
@business
by
@FionamMacDonald
#SWF
Occupancy at
#Dubai
’s hotels surged in December and neared pre-pandemic levels as travelers flocked to the emirate to escape coronavirus lockdowns at home via
@business
Kuwaiti voters replaced more than half of the sitting parliament, in a blow to pro-government forces, women and liberals via
@bpolitics
by
@FionamMacDonald
The turnaround has been spectacular. Just over a decade ago,
#Dubai
's
#property
market collapsed. Now, it's at the heart of one of the world’s biggest luxury housing booms fueled by a wild assortment of rich buyers.
via
@wealth
w
@NicolasParasie
Common reaction in Riyadh is how “stupid” it was to kill a mild critic & how amateurish the whole operation was. “This has reinforced every single negative stereotype the world has about
#Saudi
Arabia,” the person said.
@bpolitics
@DonnaAN1
@alaashahine
The
#UAE
can become one of the world’s biggest & lowest-cost producers of blue hydrogen, Abu Dhabi National Oil Co. CEO Sultan Al Jaber said via
@business
by
@A_DiPaola17
The oil market is being starved of essential barrels from
#Saudi
Arabia and
#Russia
, upending the economics of how the commodity is trading via
@markets
@JavierBlas
#Kuwait
’s Prime Minister Sheikh Sabah Al-Khaled Al-Sabah resigns to avert a new push by opposition lawmakers to remove him from office, deepening a long-running political standoff via
@bpolitics
by
@FionamMacDonald
It found that in 2020, Twitter suspended dozens of accounts of Palestinian users based on information from the Israeli Ministry of Strategic Affairs.
by
@faresakram
&
@ayaelb
#Germany
’s controversial former chancellor, Gerhard Schroeder, confirms that he met with Russian President Vladimir Putin in Moscow last week and insisted that the Kremlin is open to talks to end the war in
#Ukraine
via
@bpolitics