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Iran, Sudan Reestablish Diplomatic Relations

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Move has significant implications for the BRICS in MENA and moves control of the Red Sea and Suez shipping to the Global South   By Chris Devonshire-Ellis The resumption of diplomatic relations between Iran and Sudan and Iran, was announced in a joint statement on Monday (October 9). Relations had been severed for over seven […]

UAE, Vietnam, Seek To Boost Bilateral Trade

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Bilateral trade at US$8 billion with both parties committed to increasing this with a CEPA trade deal under negotiation

Iraq – China Trade and Developments

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China’s Belt & Road Initiative has made substantial progress in Iraq after the United States invasion removed Saddam Hussein but sparked a civil war By Farzad Ramezani Bonesh The trade relations between Iraq and China began over 2,000 years ago along the ancient silk road routes. Although in contemporary times they have experienced periods of […]

Israel’s Hamas & Hezbollah Conflict Threatens China and Russia’s Middle East Intentions

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The horrific bilateral violence may result in widespread regional changes throughout the Middle East and Ukraine. We provide daily updates. By Chris Devonshire-Ellis Israel – Palestine – October 13 Update In Moscow, the Russian Foreign Minister Sergey Lavrov has said that all ten countries of the Commonwealth of Independent States (CIS) trade bloc are urging […]

BRICS & MENA: China’s Growing Influence In The Middle East: New Report

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Five of the new BRICS member countries are MENA influential. In this special report we analyze how China, India and Russia are positioning BRICS to become a global entity with a special emphasis on the merging Middle East. We highlight Egypt, Ethiopia, Iran, Saudi Arabia and the UAE trade and development relations and look at […]

Abu Dhabi’s Non-Oil Sector Grew 12.3% In Q2 2023

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Abu Dhabi’s non-oil economy grew by a record 12.3% in Q2 2023, according to the Statistics Centre – Abu Dhabi (SCAD), as the city’s efforts to become a hub for hedge funds and other financial firms begin to produce results.

The UAE in BRICS: Consequences, Multilateral Trade and Prospect

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The UAE’s bilateral trade with all major BRICS economies has rapidly grown. We look at the future development trends By Farzad Ramezani Bonesh The UAE’s Membership Process in BRICS Over the past decade, the BRICS have become very attractive for Abu Dhabi, due to its increasing economic status and commercial capabilities. BRICS+ was an opportunity […]

Russian Investors Developing ‘Little Moscow’ in Dubai

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Russian investors in Dubai are working to become real estate developers or acquire clusters of homes to build “Little Moscow” communities in the Emirate. Buyers from Russia have become big investors in Dubai property since sanctions imposed on Moscow locked them out of European and North American markets.

UAE, Philippines, Sign Aviation Cooperation Agreements

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Manila targets Filipino and Western expats in the UAE as a home and tourism destination The UAE and the Philippines have signed an MoU in Cebu concerning trade and airfreight ties. The MoU was signed after a round of talks involving representatives of local business sectors and the countries respective national air carriers on September […]

Unified Gulf Cooperation Council Visas To Be Implemented Soon

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Unified Gulf Cooperation Council Visas To Be Implemented Soon The UAE Minister of Economy, Abdullah bin Touq Al Marri, has said that the issuance of a unified tourist visas for Gulf Cooperation Council (GCC) countries will happen soon.

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