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Salim Essaid

Dubai, United Arab Emirates
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About Salim
Salim Essaid is an American TV/online presenter/producer specializing in technology, business, energy and innovation. 

From 2018 to 2020 he was the lead reporter on the Euronews feature program Inspire Middle East, covering topics ranging from culture & the arts to business & innovation in countries including Bahrain, Egypt, Jordan, Kuwait, and the UAE. 

Salim is adept at performing live hits covering regional news and politics, equipped with the needed cameras and lighting to produce TV ready quality content. 

He excels at storytelling methods that are relatable  using information and content to explain complex cultural or technical matters to an international audience, all delivered in an easy to digest way.
Languages
Arabic English
Services
Video Package (Web / Broadcast) Interview (Video / Broadcast) Documentaries
+5
Skills
Business Finance Politics
+9
Portfolio

Global pressure building for long-term Gaza resolution, says WEF president

30 Apr 2024  |  The National
Borge Brende, president of the World Economic Forum, highlights a significant international push for a long-term peace resolution in Gaza. This development comes as diplomats and leaders gather for a special meeting in Riyadh, emphasizing the global community's commitment to addressing the ongoing conflict.

Israel and Hamas urged to agree to Gaza war ceasefire

30 Apr 2024  |  The National
International pressure mounts on Israel and Hamas to agree to a ceasefire in Gaza, with decisive talks taking place in Cairo. The potential deal includes a temporary truce and a hostage swap, with Israel considering a 'second phase' involving sustained calm. The World Economic Forum in Riyadh focuses on the crisis, with global leaders urging acceptance of the proposal. The US is also involved, with Secretary of State Antony Blinken and President Joe Biden actively engaging in discussions. The failure of negotiations could lead to Hamas relocating its leadership from Qatar, with talks potentially moving to Jordan.

Saudi Arabia may 'scale back some Vision 2030 projects and speed up others'

28 Apr 2024  |  The National
Saudi Arabia's Finance Minister Mohammed Al Jadaan announced that the kingdom will adapt its Vision 2030 projects in response to economic and geopolitical challenges, potentially downscaling or accelerating certain initiatives. The Vision 2030 programme aims to diversify the economy away from oil, support private-sector growth, and improve workforce participation. Despite some setbacks, such as the Neom project's reduced scope, 87% of the initiatives are on track. The minister emphasized the need for flexibility and strategic adjustments. The article also highlights global economic challenges discussed by Kristalina Georgieva of the IMF, including the impact of high interest rates and the need for economic reforms in developing countries.

UAE's ADNOC to expand gas processing with $3.6 billion contract

09 Apr 2024  |  al-monitor.com
ADNOC Gas has awarded a $3.6 billion contract to expand its gas processing infrastructure in the UAE, with the majority of the deal's value expected to benefit the country's economy. The contract was given to a joint venture between the National Petroleum Construction Company and Spain's Tecnicas Reunidas. The project will increase ethane extraction by 40% at the Habshan complex and includes a new 120-kilometer pipeline to the Ruwais Industrial Complex.

Russia becomes UAE’s top gold supplier as Ukraine sanctions bite

04 Apr 2024  |  al-monitor.com
In 2022, Russia surpassed Mali, Zimbabwe, and Ghana to become the United Arab Emirates' (UAE) primary gold supplier. This shift occurred as Western nations imposed economic sanctions on Russia due to its invasion of Ukraine, leading the UAE to increase its gold imports from Russia. The UAE imported 96.4 tons of gold from Russia, representing about one-third of Russia's annual mine production and over 15 times the amount imported from Russia the previous year. Mali was the second-largest supplier with 95.7 tons of gold to the UAE.

UAE gets whiff of metaverse's smell potential

04 Apr 2024  |  al-monitor.com
The United Arab Emirates is fostering innovation in the metaverse, particularly with technologies that enable virtual smelling. The Dubai Metaverse Strategy aims to attract 1,000 companies, support 40,000 virtual jobs, and contribute $4 billion to Dubai's GDP by 2030. Alistair Pernigo, an Italian inventor, co-created Auralink, a startup that develops technologies to detect, analyze, and reproduce smells, highlighting the UAE's appeal to metaverse startups.

China, UAE overtake US companies at Turkey’s IDEF 23 weapons fair

04 Apr 2024  |  al-monitor.com
Turkey's 16th International Defense Industry Fair (IDEF 2023) is underway in Istanbul, with defense companies presenting their latest offerings. The event, which began in 1993, is hosted by Turkey’s Ministry of National Defense and ranks as the fourth largest defense industry gathering globally. While the number of companies attending this year is undisclosed, the previous edition in 2021 attracted over a thousand companies from 53 countries. Turkey also signed a military and financial cooperation deal with Tajikistan during the fair.

Who is Sultan Al Mansouri, Qatar’s first UAE ambassador in 6 years?

04 Apr 2024  |  al-monitor.com
Qatar has appointed Sultan Al Mansouri as ambassador to the United Arab Emirates, filling a six-year vacancy since the 2017 Gulf crisis. Sheikh Tamim bin Hamad Al Thani, the emir of Qatar, made the appointment, signaling further reconciliation between the two countries following the resumption of embassy operations in June. Mansouri, a seasoned diplomat, has previously served as Qatar’s ambassador to Austria and China, and as a permanent representative to the United Nations in Vienna.

UAE breaks foreign direct investment record as Saudi Arabia sees 59% dip

03 Apr 2024  |  al-monitor.com
In 2022, the United Arab Emirates achieved its highest foreign direct investment inflow of nearly $23 billion, while Saudi Arabia experienced a 59% decrease to approximately $7.9 billion. The UNCTAD 2023 World Investment Report highlighted that Israel and the UAE were the top two countries in the MENA region for FDI inflow, ranking 15th and 16th globally.

Saudi Arabia targets human skills as key to expanding economy at Riyadh event

29 Feb 2024  |  The National
Saudi Arabia is prioritizing the development of human skills as part of its Vision 2030 economic transformation strategy, with a focus on education and training for future job markets. The kingdom has created 1.1 million new jobs since 2016, but faces challenges in filling these positions due to a skill gap. Initiatives include the launch of the first school of public policy and increased female participation in higher education. Key stakeholders emphasize the importance of soft skills and regional connectivity to meet labor market demands.

Saudi Aramco makes first global LNG investment with US MidOcean stake

28 Sep 2023  |  Al-Monitor: Independent, trusted coverage of the Middle East
Saudi Aramco has signed a $500 million agreement for a minority stake in US-based MidOcean Energy, marking its first international LNG investment. MidOcean is owned by EIG Global Energy Partners. The deal, pending regulatory approvals, allows Saudi Aramco to potentially increase its shares in MidOcean in the future. This agreement builds on a previous partnership where EIG led a consortium to buy a 49% stake in the Aramco Oil Pipelines Company, raising $12.4 billion for Saudi Aramco.

Dubai's $1 billion Captagon bust ranks as one of world’s biggest

28 Sep 2023  |  Al-Monitor: Independent, trusted coverage of the Middle East
Dubai police intercepted one of the largest smuggling operations of Captagon, seizing nearly 14 tons worth over $1 billion. The operation led to the arrest of six gang members and the recovery of over 86 million tablets hidden in wooden doors and decorative panels. The UAE Ministry of Interior announced the bust, highlighting the significant achievement in combating drug trafficking.

China development financier AIIB opens first global office in UAE

MBS and Modi discuss expanding trade goals as Saudi-India ties grow

11 Sep 2023  |  al-monitor.com
Indian Prime Minister Narendra Modi and Saudi Crown Prince Mohammed bin Salman held productive talks in New Delhi, focusing on trade ties and areas of cooperation such as grid connectivity, renewable energy, food security, semiconductors, and supply chains. The discussions took place after the G20 Summit and were part of the Saudi-Indian Strategic Partnership Council meeting at the Hyderabad House.

UAE places technology at top of COP28 agenda in Dubai

07 Sep 2023  |  Al-Monitor: Independent, trusted coverage of the Middle East
The UAE's success in meeting its renewable energy targets for COP28 hinges on the adoption of advanced technologies, particularly in the space sector and agri-tech development. Omar Al Suwaidi, undersecretary of the UAE Ministry of Industry and Advanced Technology, emphasized the need for strategic alignment between these sectors to triple renewable energy output to 11,000 gigawatts by 2030 and improve water and food efficiency.

UAE revenue jumps 31.8% in 2022

01 Sep 2023  |  Al-Monitor: Independent, trusted coverage of the Middle East
The United Arab Emirates experienced a 31.8% increase in revenue in 2022, driven by tax revenue growth and a $5.26 billion rise in local economic activity. The Ministry of Finance, citing Finance Minister Sheikh Maktoum bin Mohammed bin Rashid, reported these gains without providing specific monetary figures. The Emirates News Agency highlighted the significant growth in government revenue as a key factor.

China's VP meets UAE's Ghubash as BRI summit convenes in Hong Kong

01 Sep 2023  |  Al-Monitor: Independent, trusted coverage of the Middle East
Chinese Vice President Han Zheng met with UAE official Saqr Ghubash in Beijing to discuss enhancing bilateral economic trade, investment, and cultural exchanges. The meeting coincided with the Belt and Road Initiative Summit in Hong Kong. Han praised the UAE for joining the BRICS economic alliance and expressed China's readiness to share development opportunities and modernization strategies with the UAE.

Dubai ranks first in luxury home sales in second quarter: report

01 Sep 2023  |  Al-Monitor: Independent, trusted coverage of the Middle East
Dubai led the global market in luxury home sales in the second quarter of 2023, with sales of $10 million-plus homes reaching $1.5 billion. Despite a 13% decline in super-prime estate sales across 12 key international markets compared to the same period last year, Dubai's market remained robust. The total value of luxury residential sales in these markets dropped to just under $30 billion over the past 12 months, significantly lower than the $40.7 billion recorded in 2021 but still well above pre-pandemic levels.

Arab moviegoers wait to see 'Barbie' as UAE, Saudi screenings loom

31 Aug 2023  |  al-monitor.com
The premiere of the 'Barbie' movie in the United Arab Emirates was delayed from July 20 to August 31, with no specified reason, raising concerns about a potential ban. However, the UAE Media Council has now approved the film for screening in licensed cinemas after completing necessary procedures. Vox Cinemas and Roxy Cinemas have confirmed the new premiere date but have not yet allowed ticket purchases or reservations. The status of the movie's release in Jordan and Oman remains uncertain, while Egypt has approved the screening.

Iran president Raisi invites UAE's MBZ to visit Tehran

23 Aug 2023  |  Al-Monitor: Independent, trusted coverage of the Middle East
Iranian President Ebrahim Raisi invited UAE President Sheikh Mohamed bin Zayed to visit Iran, following a naval drill on a disputed island. The invitation was delivered by UAE Minister of State Khalifa Shaheen Almarar. Despite recent military activities, relations between Iran and the UAE have improved, highlighted by a recent meeting between Sheikh Mohamed and Iran’s Foreign Minister Hossein Amir-Abdollahian, and an air-transportation agreement aimed at boosting trade and tourism.

Saudi holdings of US Treasuries hit record low, signaling push to diversify from dollar

20 Aug 2023  |  Al-Monitor: Independent, trusted coverage of the Middle East
Saudi Arabia's US Treasury holdings fell to a six-year low in June, reflecting a broader trend among countries with significant US Treasury investments to diversify away from the dollar. Saudi Arabia sold over $3 billion in June, reducing its holdings to $108.1 billion, the lowest since December 2016. The UAE also reduced its holdings by $4 billion, aligning with Gulf states' strategies to invest in higher-risk, higher-return assets and initiatives to diversify their economies away from oil dependence.

Russia’s oil sales to China hurt Saudi revenue despite increased demand

12 Aug 2023  |  Al-Monitor: Independent, trusted coverage of the Middle East
Saudi Arabia and Russia have extended oil production cuts until September, aiming to maintain high prices, but this strategy is impacting Saudi Arabia's economic growth goals. Saudi production will be about 9 million barrels per day in September 2023. Despite a seven-week rally in oil prices and record-high demand driven by China's petrochemical activity, Saudi revenue is being hurt by Russia's oil sales to China.

Why are UAE, Saudi, other Gulf countries issuing Lebanon travel warnings?

06 Aug 2023  |  Al-Monitor: Independent, trusted coverage of the Middle East
The United Arab Emirates, along with other Gulf and European countries, issued travel warnings for Lebanon due to ongoing clashes at the Ain el-Hilweh refugee camp, resulting in at least 13 deaths and the displacement of tens of thousands of Palestinians. The violence began on July 29 between rival Palestinian factions, primarily Fatah and hard-line Islamists, following an attack on Islamist militant Mahmoud Khalil by a Fatah member. Khalil, who survived with injuries, is a member of the al-Shabab al-Muslim faction and is wanted by Lebanese authorities.

Saudi Arabia, UAE lead Forbes’ 2023 Arab family business ranking

01 Aug 2023  |  Al-Monitor: Independent, trusted coverage of the Middle East
Saudi Arabia and the United Arab Emirates lead Forbes Middle East's Top 100 Arab Family Businesses ranking in 2023, with 33 and 29 companies listed respectively. Egypt's Mansour Group topped the ranking, followed by the UAE's Al-Futtaim Group and Saudi Arabia's Olayan Financing Company. The ranking highlighted shifts in business practices and the importance of establishing trust with consumers for growth.

Dubai airport surpasses pre-pandemic passenger traffic in first half of 2023

01 Aug 2023  |  Al-Monitor: Independent, trusted coverage of the Middle East
Dubai International Airport (DXB) experienced a 49% increase in passenger traffic in the first half of 2023 compared to the same period last year, surpassing pre-pandemic levels. The airport welcomed 41.6 million passengers, slightly exceeding the traffic recorded in the first six months of 2019. Paul Griffiths, CEO of Dubai Airports, noted strong demand in July and August and revised the annual forecast to 85 million guests, just 1.6% below 2019's annual traffic.

UAE rice ban after major exporter India spikes global supply fears

31 Jul 2023  |  al-monitor.com
The United Arab Emirates has implemented a temporary ban on rice exports and reexports for four months, following India's major prohibition on non-basmati rice exports. This move significantly affects the UAE, which imports 90% of its food and was the 16th-largest importer of rice in 2021, with the majority sourced from India. The ban pertains to various types of rice and their products not originating from India.

UAE joins India's Global Biofuel Alliance on clean energy ahead of COP28

26 Jul 2023  |  Al-Monitor: Independent, trusted coverage of the Middle East
The United Arab Emirates has joined the India-led Global Biofuel Alliance, which aims to develop and promote sustainable and advanced biofuels. This move comes as the UAE prepares to host the COP28 United Nations climate summit in November. The announcement was made by Suhail bin Mohammed Al Mazrouei, the UAE minister of energy and infrastructure, via his Twitter account.

On Gulf tour, Japan's PM secures energy ties as China’s influence grows

25 Jul 2023  |  Al-Monitor: Independent, trusted coverage of the Middle East
Japan’s Prime Minister Fumio Kishida concluded a Gulf tour aimed at securing energy ties with Saudi Arabia, the UAE, and Qatar amidst growing Chinese influence in the region. Japan, heavily reliant on the Middle East for its oil supply, faces energy security challenges exacerbated by the global economic impact of Russia's war on Ukraine. As a G-7 member, Japan is concerned that its alignment with the West could strain relations with its primary energy suppliers.

Saudi Arabia's Al-Hilal makes record $332 million bid for soccer star Mbappe

24 Jul 2023  |  Al-Monitor: Independent, trusted coverage of the Middle East
Saudi Arabian soccer team Al-Hilal has made a world record-breaking bid of $332 million for French forward Kylian Mbappe. Paris Saint-Germain confirmed the offer and has allowed Al-Hilal to negotiate directly with Mbappe. Italian soccer journalist Fabrizio Romano highlighted the significance of the bid, noting that PSG believes Mbappe has already agreed to terms with Real Madrid.

Turkey, UAE ink $50 billion in trade deals during Erdogan visit

19 Jul 2023  |  Al-Monitor: Independent, trusted coverage of the Middle East
Turkish President Recep Tayyip Erdogan and UAE counterpart Sheikh Mohammed bin Zayed Al Nahyan met in Abu Dhabi, establishing a strategic council and signing agreements worth $50.7 billion. These deals, which include investments in various sectors, build upon a previous $40 billion trade deal and aim to enhance the UAE-Turkey Comprehensive Economic Partnership Agreement. The agreements also involve establishing a Joint Economic and Trade Commission and consensus on extradition rules and legal cooperation.

Turkey, UAE ink $50 billion in trade deals during Erdogan visit

19 Jul 2023  |  Al-Monitor: Independent, trusted coverage of the Middle East
Turkish President Recep Tayyip Erdogan and UAE counterpart Sheikh Mohammed bin Zayed Al Nahyan signed agreements worth $50 billion, establishing a high-level strategic council and a Joint Economic and Trade Commission. The deals, part of a broader $50.7 billion package, aim to diversify the UAE-Turkey Comprehensive Economic Partnership Agreement and cover investments in space, defense, energy, and natural resources. The leaders emphasized their commitment to regional stability and sustainable economic development.

Qatar leans east to achieve 40% global LNG output by 2029

13 Jul 2023  |  www.al-monitor.com
Qatar aims to dominate the global LNG market by signing a record volume of long-term contracts, particularly with Asian countries, to reach 40% of the new LNG market by 2029. QatarEnergy's CEO, Saad al-Kaabi, announced at the LNG 2023 conference that expansion projects approved last year will increase Qatar's LNG output by 64% to 126 million tons per year by 2027. Qatar tied with the United States as the world's top LNG exporter in 2022, with Australia leading slightly.

Arab users flock to Meta's Threads as it takes on Twitter

05 Jul 2023  |  Al-Monitor: Independent, trusted coverage of the Middle East
Instagram has launched a new text-sharing application called Threads, aiming to compete with Twitter. The Middle East is a significant market for Instagram, with Turkey, Egypt, and Iraq among its top 20 largest national markets. The University of Oregon's report highlights the substantial user base in these countries, with Turkey being the fifth largest market globally for Instagram.

Saudi Arabia leads AI global index for strategy as Israel tops Mideast rankings

04 Jul 2023  |  al-monitor.com
Saudi Arabia leads in government strategy for artificial intelligence according to a global study by Tortoise Media, while the United States ranks first overall. Israel is 7th globally in the AI index, with Saudi Arabia at 31st and the UAE, which has an AI minister, at 28th. The study assessed 62 countries using over 100 indicators across various categories including talent, infrastructure, R&D, and commercial activity.

UAE awards China’s WeRide first license to operate self-driving cars

01 Jul 2023  |  Al-Monitor: Independent, trusted coverage of the Middle East
The United Arab Emirates has granted Chinese self-driving company WeRide the first national license to test autonomous vehicles in the country. This permit allows WeRide to test its level 4 fully autonomous vehicles on public roads throughout the UAE. The announcement was made during a high-level Cabinet meeting in Abu Dhabi, chaired by Sheikh Mohammed bin Rashid al-Maktoum, the UAE prime minister and ruler of Dubai.

Saudi Arabia outranks US for expat life, Kuwait ranks worst

01 Jul 2023  |  Al-Monitor: Independent, trusted coverage of the Middle East
The United States ranked two spots below Saudi Arabia in a global survey of the best places for expatriates to live, with Saudi Arabia at 28th and the US at 30th. Kuwait ranked the worst out of 53 countries. Mexico topped the list, followed by Spain and Panama. Bahrain was the only MENA country in the top 10, with the UAE and Oman ranking 11th and 12th, respectively.

Kuwait's new sovereign wealth fund Ciyada to boost foreign investment

01 Jul 2023  |  Al-Monitor: Independent, trusted coverage of the Middle East
Kuwait is establishing a new sovereign wealth fund, the Ciyada Development Fund, to attract foreign direct investment and diversify its economy away from oil dependency. The fund will focus on domestic megaprojects, with the Ministry of Finance and the Kuwait Investment Authority (KIA) studying the plans. KIA, already a significant player with $803 billion in assets, is the fifth-largest sovereign wealth fund globally. Specific details about the new fund's value and projects are yet to be disclosed.

UAE establishes investment ministry, forms EV and green policies

01 Jul 2023  |  Al-Monitor: Independent, trusted coverage of the Middle East
The United Arab Emirates has established a new Ministry of Investment and introduced sustainable policies for electric and autonomous vehicles, along with a hydrogen energy strategy, ahead of the COP28 UN climate summit in Dubai. Sheikh Mohammed bin Rashid Al Maktoum chaired the cabinet meeting and appointed Mohamed Hassan Al Suwaidi as the head of the new ministry. The UAE's economy is projected to grow by 4.2% this year, driven by higher oil prices, non-oil sector development, and economic reforms, despite global challenges.

Saudi oil exports hit new low, dropping by more than one-third

01 Jul 2023  |  Al-Monitor: Independent, trusted coverage of the Middle East
Saudi Arabia’s oil exports dropped by more than one-third to their lowest value since September 2021, with May 2023 seeing a significant decrease in oil export value to just over $19 billion. The General Authority for Statistics reported a 37.7% year-on-year decrease in oil exports from May 2022 to May 2023. The share of oil exports in total exports also fell from 80.8% to 74.1%. In contrast, 2022 saw higher crude prices and production levels, with Brent crude oil averaging $100 per barrel and West Texas Intermediate averaging $95 per barrel.

Oil prices reach fourth quarterly decline on fears of economic slowdown

30 Jun 2023  |  Al-Monitor: Independent, trusted coverage of the Middle East
Oil prices rose above $75 a barrel but are facing a fourth consecutive quarterly decline due to concerns over an economic slowdown, high inflation, and declining fuel demand. Brent Crude futures for September increased by 1.1% to $75.33 a barrel. The decline is attributed to rising interest rates, inflationary impacts, and a slower-than-expected recovery in Chinese manufacturing and consumption.

UAE, Israel launch global initiative to fight cyberattacks

21 Jun 2023  |  Al-Monitor: Independent, trusted coverage of the Middle East
Israel and the United Arab Emirates have launched the Crystal Ball initiative, a global platform aimed at combating ransomware hackers. This initiative, announced by Israel's government, follows Israel's assistance to the UAE in fending off a major cyberattack. The platform, a collaboration between Microsoft Israel, the Israeli National Cyber directorate, and the UAE Cyber Council, aims to enhance cyber-intelligence sharing among multiple countries to bolster defenses against digital crime. Sheikh Mohamed Al Kuwaiti highlighted the UAE's need for a secure digital transformation at the Tel Aviv Cyber Week conference.

Dubai leaps to world’s 7th most expensive city for luxury living, overtaking Paris, Zurich

20 Jun 2023  |  Al-Monitor: Independent, trusted coverage of the Middle East
Dubai has risen to the 7th most expensive city for luxury living worldwide, surpassing Paris and Zurich, as per the Julius Baer’s Global Wealth and Lifestyle Report 2023. This marks the first time Dubai is the only Arab city in the top 25 of the list, and the EMEA region is now considered the most affordable for high-class living, with European cities falling in the rankings.

Dubai free zone reports 24% increase in Chinese companies

16 Jun 2023  |  Al-Monitor: Independent, trusted coverage of the Middle East
The Dubai Multi Commodities Center (DMCC) reported a 24% year-to-date increase in Chinese companies establishing themselves in its free trade zone. A memorandum of understanding was signed with the Lin-gang Special Area of China (Shanghai) Pilot Free Trade Zone to streamline processes for companies setting up in either region. Ahmed Bin Sulayem, CEO of the DMCC, highlighted China's strategic importance, noting that the Dubai free zone hosts 770 Chinese companies.

Saudi Arabia's carbon credit exchange: climate action or greenwashing?

16 Jun 2023  |  Al-Monitor: Independent, trusted coverage of the Middle East
Saudi Arabia's Regional Voluntary Carbon Market Company (RVCMC) launched its 2024 carbon credit exchange and hosted the world's largest voluntary carbon credit auction in Kenya. The initiative, part of Saudi's efforts to achieve net zero by 2060, has been met with debate over its sincerity in climate action. RVCMC Chair Rania Nashar emphasized the company's role in addressing the energy transition. In the auction, 16 firms, including Aramco and Saudi Airlines, purchased over 2.2 million tons of carbon credits for an estimated $14.74 million.

Putin, MBZ meet in St. Petersburg, vow to boost Russia-UAE ties

16 Jun 2023  |  Al-Monitor: Independent, trusted coverage of the Middle East
Russian President Vladimir Putin and United Arab Emirates President Sheikh Mohammed bin Zayed met at the St. Petersburg International Economic Forum to discuss strategic partnerships and stabilizing the Ukraine crisis. Both leaders expressed their commitment to strengthening bilateral ties. Sheikh Mohammed was accompanied by a delegation including climate envoy Sultan Al Jaber.

UAE, Qatar reopen embassies after years of political rift

01 Jun 2023  |  Al-Monitor: Independent, trusted coverage of the Middle East
The United Arab Emirates and Qatar have restored their diplomatic representation by reopening their embassies after a political standoff that began in 2017. This move is part of a broader effort by Gulf Arab states to reconcile with their neighbors, including Syria and Iran. The reopening was preceded by a phone call between the Emirati and Qatari foreign ministers, as confirmed by the Qatar Ministry of Foreign Affairs.

UAE signs agreement with Pakistan’s Karachi Port Trust

01 Jun 2023  |  Al-Monitor: Independent, trusted coverage of the Middle East
Pakistan has signed a 50-year concession agreement with the UAE's AD Ports Group for the terminal operations of Karachi Gateway Terminal Limited. The joint venture between AD Ports Group and Kaheel Terminals aims to enhance efficiency, attract investment, and stimulate the economy. Syed Syedain Raza Zaidi, chairman of Karachi Port Trust, expressed optimism about the potential growth and economic benefits of the agreement.

UAE signs agreement with Pakistan’s Karachi Port Trust

01 Jun 2023  |  Al-Monitor: Independent, trusted coverage of the Middle East
Pakistan signed a 50-year concession agreement with the UAE's AD Ports Group for terminal operations at the Karachi Gateway Terminal Limited. The joint venture between AD Ports Group and Kaheel Terminals aims to enhance efficiency, attract investment, and stimulate the economy. Karachi Port Trust chairman Syed Syedain Raza Zaidi highlighted the agreement's potential for growth. The deal is part of Pakistan's efforts to raise funds and repay the International Monetary Fund.

Turkey-UAE honeymoon on horizon after Erdogan's win, economic deals

01 Jun 2023  |  Al-Monitor: Independent, trusted coverage of the Middle East
President Recep Tayyip Erdogan secured his third term as Turkey’s leader, focusing on repairing relations with Gulf states, particularly the UAE. A $40 billion trade agreement between Turkey and the UAE, ratified after Erdogan’s reelection, underscores the strong camaraderie between the two nations' leaders. Emirati analyst Abdulkhaleq Abdulla highlights UAE President Mohammed Bin Zayed's approach to foreign policy, which values personal relationships to build trust. Sheikh Mohammed is expected to visit Ankara soon, reflecting the strategic and personal aspects of the bilateral relationship.

UAE ranked first globally in attracting new millionaires in 2022

01 Jun 2023  |  Al-Monitor: Independent, trusted coverage of the Middle East
The United Arab Emirates (UAE) saw the highest net inflow of millionaires globally in 2022, with an increase of 5,200 residents with a net worth of $1 million or more. In contrast, countries like China, India, the United Kingdom, and Russia experienced declines in their millionaire populations. The Henley Private Wealth Migration Report 2023, published by Henley & Partners, highlights these migration statistics as indicators of economic outlook and future trends.

UAE signs agreement with Pakistan’s Karachi Port Trust

01 Jun 2023  |  Al-Monitor: Independent, trusted coverage of the Middle East
Pakistan signed a 50-year concession agreement with the UAE's AD Ports Group for terminal operations at the Karachi Gateway Terminal Limited. The joint venture between AD Ports Group and Kaheel Terminals aims to enhance efficiency, attract investment, and stimulate the economy. Karachi Port Trust chairman Syed Syedain Raza Zaidi emphasized the growth potential of the agreement, which is part of Pakistan's efforts to raise funds and repay the IMF.

Qatar rolls out $275M market program in latest foreign investment push

23 May 2023  |  Al-Monitor: Independent, trusted coverage of the Middle East
The Qatar Investment Authority (QIA) announced a $275 million investment to enhance the financial markets ecosystem over the next five years. This initiative will cover 90% of the market capitalization on the Qatar Stock Exchange (QSE), which reached $172.50 billion with 46 traded companies as of May 23, 2023.

Meet Rayyanah Barnawi, Saudi Arabia's first female astronaut to go to space

21 May 2023  |  Al-Monitor: Independent, trusted coverage of the Middle East
Rayyanah Barnawi is set to become the first Saudi woman to travel to low-Earth orbit and land on the International Space Station (ISS). Following in the footsteps of Sultan bin Salman, the first Saudi astronaut, Barnawi, a biochemist with extensive experience in cancer stem cell research, will serve as a mission specialist on Axiom Space’s Mission 2. She will conduct stem cell and breast cancer experiments on the ISS and engage in educational activities, including teaching kids and practicing zero-gravity space flips.

Dubai’s DP World signs deals with China seaport companies in latest push

14 May 2023  |  al-monitor.com
DP World, a state-owned company from Dubai, has signed agreements with China's Ningbo-Zhoushan port and Zhejiang Seaport to collaborate on automobile industry chain services and logistics. The Ningbo-Zhoushan port aims to enhance the deal under China's Road and Belt Initiative. This follows DP World's promotional event in Beijing to attract Chinese investment.

Coinbase 'welcomed' to Abu Dhabi's Hub71, hinting at new base in UAE

08 May 2023  |  al-monitor.com
Hub71, backed by Mubadala, is reported to have allowed Coinbase to establish an international hub in Abu Dhabi, UAE. This follows a tweet by Mubadala Capital's head of ventures, Ibrahim Ajami, and comments by Coinbase CEO Brian Armstrong at a Dubai tech event. Rudy Shoushany, CEO of DxTalks, interprets these developments as a sign that a deal has likely been finalized, although no official statement has been released.

Syria's Assad lands in Saudi Arabia seeking financial incentives at Arab summit

05 May 2023  |  Al-Monitor: Independent, trusted coverage of the Middle East
Syrian President Bashar al-Assad arrived in Saudi Arabia to attend the Arab summit, marking his most significant appearance on the Arab stage since the Syrian conflict began in 2011. This visit follows Syria's recent readmission to the Arab League. Assad's participation has drawn scrutiny from the US and skepticism regarding what Syria can contribute.

Syria's Assad lands in Saudi Arabia seeking financial incentives at Arab summit

04 May 2023  |  Al-Monitor: Independent, trusted coverage of the Middle East
Syrian President Bashar al-Assad arrived in Saudi Arabia for the Arab summit, marking his most significant appearance on the Arab stage since 2011. This visit is Assad's first to the kingdom in over a decade and coincides with Syria's recent readmission to the Arab League. The summit is taking place amid US scrutiny and skepticism, as well as opposition from some Arab countries.

Gulf space sector attracts private companies, including Bezos' Blue Origin

01 May 2023  |  Al-Monitor: Independent, trusted coverage of the Middle East
Three Arab astronauts, including Saudi Arabia's first female astronaut Rayanah Barnawi, are aboard the International Space Station as Gulf countries invest heavily in their space industries. These investments are attracting private space companies like SpaceX and Axiom Space, with SpaceVIP considering bases in Dubai and Riyadh. The Gulf's long-term space education strategies and financial commitments are seen as promising by global space companies.

Saudi Arabia increases stake in EA gaming by 55%

01 May 2023  |  Al-Monitor: Independent, trusted coverage of the Middle East
Saudi Arabia’s Public Investment Fund (PIF) has increased its stake in American gaming company Electronic Arts (EA) by 55%, as revealed in a filing detailing its first calendar quarter of 2023. The PIF purchased more shares of EA during Q4 of 2022, raising its holdings from 16.1 million to 24.81 million shares. This move signifies the PIF's continued investment in the gaming industry.

Saudi Arabia increases stake in EA gaming by 55%

01 May 2023  |  Al-Monitor: Independent, trusted coverage of the Middle East
Saudi Arabia’s Public Investment Fund (PIF) has increased its stake in the American gaming company Electronic Arts (EA) by 55%, as revealed in a filing detailing its first calendar quarter of 2023. The PIF purchased more shares of EA during Q4 of 2022, increasing its holdings from 16.1 million shares to 24.81 million shares by the end of Q1 2023.

Tunisia's fight for freedom: 10 years after the Arab Spring, activists face digital surveillance

05 Apr 2023  |  euronews
The article discusses the aftermath of the Arab Spring in Tunisia, focusing on recent protests against derogatory comments made by a Tunisian parliamentarian and the broader issue of freedom of expression in the country. It highlights the case of Saif Ayadi, a social worker and activist, who was detained by police during a protest. The article also touches on the use of digital surveillance by Tunisian authorities to identify and intimidate protesters, citing the lack of laws incriminating electronic crimes. NGOs like Al Bawsala and Amnesty International have pointed out the need for digital policy reform and the increasing intolerance of authorities towards criticism. Activists have resorted to using encrypted platforms and gaming communication tools to organize and evade surveillance. Euronews reached out to the Tunisian Assembly for comments on these claims but received no response at the time of publication.

Gay Arab-Americans create their own space to feel safe and at home. (Associated Press)

In April, Morgan Stanley Capital International delayed Kuwait’s market upgrade citing the pandemic as the cause. The new date is yet unknown, however, analysts believe November could be viable. (Euronews)

As entomophagy, or eating insects, grows in popularity across the globe, Kuwaitis re-visit their cultural tradition of eating locusts that developed from survival practices during harsh desert climates. (Euronews)

Libra, the proposed global digital currency led by Facebook, has raised concerns amongst some governments and financial authorities around the world. (Euronews)

Asmaa Elamrousy is more than meets the eye, she’s a devout Muslim who wears a hijab covered from head to toe, but she’s also a rapper who pounds her fist in the air demanding equality and justice. (Vocativ)

As global dependence on digital technology grows, brands explore how they can reach consumers better with more humanized technology, & Dubai startups train AI with ethical data to gain the trust of its users. (Euronews)

The World Health Organization identified fear and misinformation as one of the biggest challenges they face in battling COVID-19, experts in the field clarify the misconceptions and its effects on society. (Euronews)

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