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Tag: UAE

Oil and Gas

OPEC+ raises output by 188,000 bpd as UAE exits

OPEC+ has approved a modest 188,000 barrels per day increase in production quotas for June, even as the United Arab Emirates formally exits the oil alliance. Nairametrics reported that the decision was reached during a virtual meeting on Sunday and comes at a time of heightened uncertainty in global oil markets, driven by geopolitical disruptions […]

featured Travel

UAE bans travel to Iran, Iraq, Lebanon amid tensions

The United Arab Emirates Ministry of Foreign Affairs on Thursday announced a travel ban preventing Emirati nationals from visiting Iran, Lebanon and Iraq, citing escalating regional tensions linked to the ongoing Middle East conflict. According to AFP, the move comes amid heightened insecurity following a prolonged crisis triggered by a United States and Israeli military […]

Helth

UAE orders closure of Iranian-linked hospital in Dubai amid war

The United Arab Emirates has ordered the closure of an Iranian state-linked hospital in Dubai amid escalating tensions between the two neighbouring countries. The decision comes as ties deteriorate due to Tehran’s aerial campaign against Gulf states following strikes on Iran by the United States and Israel starting February 28. Since then, Tehran has launched […]

Oil and Gas

UAE’s giant refinery shut over Middle East war

One of the world’s largest refineries, the Ruwais facility in the UAE, has been shut down as a precautionary measure following a nearby drone attack that sparked a fire in the industrial complex. A source familiar with the situation stated: “The Ruwais refinery has halted operations out of precaution,” while requesting anonymity due to the […]

Aviation

Emirates-Air Peace deal to enhance Africa-UAE-London connectivity

World’s largest international airline, Emirates, and West Africa’s largest airline, Air Peace, have activated a bilateral interline agreement, expanding air connectivity between Africa, the United Arab Emirates and London. The agreement offers passengers of both airlines frictionless, single-ticket travel and with through-checked baggage, on select routes, resulting in greater travel comfort and convenience for customers. […]

Business

Nigeria, UAE eliminate tariffs on over 13,000 products

The Federal Government has announced the elimination of tariffs on 6,243 products imported into Nigeria from the United Arab Emirates, while the UAE has removed tariffs on 7,315 products imported from Nigeria. The move is part of a newly concluded trade pact designed to widen market access for Nigerian goods, businesses, and professionals. The disclosure […]

Scientists launch Arabic-powered AI
Business

UAE eyes strategic expansion in Africa with $1bn AI investment

The United Arab Emirates has unveiled plans to invest $1 billion in artificial intelligence infrastructure and services across Africa, aiming to accelerate digital transformation and enhance its strategic presence on the continent. This was disclosed by UAE’s Minister of State at the Ministry of Foreign Affairs, Saeed bin Mubarak Al Hajeri, during the G20 Summit […]

Aviation

Nigeria signs MoU with UAE for advanced cargo system

The federal government has signed a Memorandum of Understanding with DALIL UAE to deploy Advanced Cargo Information systems across Nigerian airports. Minister of Aviation and Aerospace Development, Festus Keyamo, who signed on behalf of the federal government, described the agreement as a bold step towards repositioning Nigeria as a leading aviation and logistics hub in […]

Scientists launch Arabic-powered AI
Business

Nigeria-UAE non-oil trade hit record $4.3bn in 2024

Trade between Nigeria and the United Arab Emirates for non-oil commodities reached a record $4.3bn in 2024. The UAE Consul-General in Lagos, Salem Al Jaberi, disclosed this on Monday during an interactive session with Master’s students from the Department of Diplomacy and Strategic Studies, University of Lagos, who visited the consulate as part of their […]

Aviation

New UAE rule requires advance online declaration of high-value items

Travellers entering or exiting the UAE via Abu Dhabi, Sharjah, or Ras Al Khaimah must now declare valuables worth over 60,000 dirhams (about $16,300) online before arrival or departure, under a new regulation designed to strengthen border security and combat illicit financial flows. The rule, issued by the Federal Authority for Identity, Citizenship, Customs and […]

UAE oil chief named COP28 climate talks president
Crypto

Dubai govt enters partnership to accept crypto payments for services

Dubai’s Department of Finance has partnered with Crypto.com to enable residents to pay government service fees using cryptocurrencies. This collaboration was formalized through a memorandum of understanding signed by government officials and the president of Crypto.com UAE, Mohammed Al Hakim, during the Dubai FinTech Summit. In a press release, government officials stated that the partnership […]

UAE commits to $25bn Nigeria-Morocco gas pipeline project
News

UAE commits to $25bn Nigeria-Morocco gas pipeline project

The United Arab Emirates has signed on as a major investor in the $25 billion Nigeria-Morocco gas pipeline, a transcontinental energy project to transform power supply, trade, and economic development across West Africa and beyond. Morocco’s Minister of Energy Transition, Leila Benali, announced the UAE’s involvement during a parliamentary session on Tuesday, confirming the project […]

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