Uae

Middle powers' unconvincing new statecraft

Middle powers are forging technology minilaterals to preserve their autonomy, but can such cooperation really remain independent of US and Chinese influence?

OpenAI in talks with UAE funds, BlackRock for $30 billion funding round

UAE investment funds have discussed investing as much as $10 billion altogether, while OpenAI is seeking capital at a valuation of about $1.4 trillion

TVS ASL raises ₹425 crore from Crescent Enterprises in Series D round

The investment will support myTVS' growth in India and expansion into international markets, initially focusing on opportunities across the Middle East and North Africa

UAE says FlyDubai co-pilot attacked captain with cockpit's crash axe

The United Arab Emirates said on Saturday that the co-pilot on a FlyDubai flight that nearly crashed with 182 people on board attacked the captain with the cockpit's crash axe in a "terrorist attack." The UAE statement cited the attorney general as saying the co-pilot also tried to take control of the plane during Wednesday's attack on the Israel-bound flight. Passengers and crew intervened to subdue the co-pilot and stabilise the plane.

FlyDubai co-pilot who attacked Capt Machchhar, identified as Hamam Alhamami

Al Arabiya English and CNN reported that the Omani co-pilot had faced concerns over alleged radical views before joining Flydubai and is now facing a terrorism investigation in the UAE

PhonePe secures UAE payments licences, plans Aani, Jaywan support

The fintech major has received in-principle approval for two UAE payments licences and plans to support domestic payment rails Aani and Jaywan ahead of its commercial launch

PhonePe receives initial UAE central bank nod for payment licenses

PhonePe has received in-principle approval from the UAE central bank for two licences covering retail payments, card schemes and stored-value facilities

AWS unable to restore access to Bahrain, UAE cloud zone hit in Iran war

Amazon's cloud computing unit AWS said the damage in Bahrain ‌spanned multiple so-called availability zones, which are clusters of one ​or more data centres in the same geographic region

Iranian President Pezeshkian meets Abu Dhabi Crown Prince in Delhi

Iranian President Masoud Pezeshkian held talks with Abu Dhabi Crown Prince Sheikh Khaled bin Mohamed bin Zayed Al Nahyan in New Delhi on the sidelines of the BRICS summit on Saturday. The meeting assumed significance as relations between the two sides came under severe strain after Iran targeted many US bases in the UAE in the last few months as part of its retaliation to the US attacks on Iranian installations. "Iranian President Masoud Pezeshkian met with UAE Crown Prince Khaled bin Mohamed bin Zayed Al Nahyan on the sidelines of the BRICS Summit," the Iranian embassy said on social media. The meeting came amid reports about Iran's plans Iran to meet members of the Gulf Cooperation Council (GCC) and Iraq in Oman on September 14 to discuss an agreement on transit through the Strait of Hormuz. It will be the first such meeting since the start of the West Asia conflict.

India, UAE review trade and investment ties, discuss new projects

India and the United Arab Emirates (UAE) on Saturday explored ways to shore up trade and investment ties with Prime Minister Narendra Modi and Abu Dhabi Crown Prince Khaled bin Mohamed bin Zayed Al Nahyan reviewing the trajectory of bilateral relations. The two leaders met on the margins of the BRICS summit. The meeting came against the backdrop of sudden spike in tensions amid the West Asia conflict. "Discussed taking our Strategic Partnership forward across defence, AI, space, critical minerals, energy, food security and connectivity," Modi said in a social media post. "At a time of uncertainty in West Asia, a strong India-UAE is a symbol of stability, prosperity and peace," he added. In the trade domain, the two sides discussed ramping up investments by Emirati entities, including by the new sovereign fund L'Imad. The two leaders acknowledged the role that L'Imad, the UAE's newest sovereign investment fund, can play in deepening the bilateral partnership, the Ministry of Exter

Algeria severs diplomatic ties with UAE, citing 'hostile' actions

The move came "in light of increasing provocative and hostile actions emanating" from the Persian Gulf state, Algeria's Foreign Ministry said in a statement on Thursday, without elaborating.

PhonePe to launch UAE operations in its first international market foray

The fintech major has secured two licences from the Central Bank of the UAE to offer consumer payment instruments and e-payment acceptance infrastructure to merchants.

Madhya Pradesh seeks investments from Russia, Ethiopia, UAE at Dubai meet

Chief Minister Mohan Yadav held talks with leaders from Tatarstan, Ethiopia and the UAE, seeking investments and inviting them to the Global Investors Summit 2027

Nalco ties up with UAE's EGA for aluminium smelter expansion in Odisha

The technology licensing agreement will enable Nalco to deploy EGA's DX+ Ultra smelting technology for its proposed 0.5 mtpa brownfield expansion in Odisha

UAE intercepts Iranian drone over territorial waters after US strikes

The United Arab Emirates' air force intercepted an Iranian drone over its territorial waters Monday, the Defense Ministry said, an attack that comes after the US and Iran exchanged fire on the weekend, the first significant military action in a month. In a short statement, the Defence Ministry said it "dealt with" an Iranian drone that was detected over its waters approaching from Iran. There were no immediate claims of responsibility from Tehran nor any reports of damage. The UAE Defence Ministry later issued a second statement denying the Al Menhad Air Base in Dubai had been targeted by Iranian missiles, as had been reported by Iranian media outlets. The incident came after US forces on Sunday struck Iranian rocket launchers on an Iranian island, breaking a lull in fighting in the war that has lasted more than six months. Iran responded by launching missiles at US sites in Jordan, which were intercepted. Early Monday, Iran's Foreign Ministry said that Iran would "not hesitate to

The big BIT reset: Why India is rethinking its investment treaty model

Recent treaties with the UAE and Israel point to shorter arbitration timelines and broader investment protection, even as India retains regulatory safeguards in sensitive areas

China says Donald Trump's economic warfare won't solve Iran crisis

China was Iran's 2nd-largest trading partner in 2025, behind the UAE, which this week cut all economic ties with Tehran after accusing it of firing ballistic missiles at UAE's territory

Urban Company taps Unicommerce to expand operations in UAE, Saudi Arabia

Unicommerce said that Urban Company's arm in West Asia will leverage its flagship platform, Uniware, to manage inventory and fulfilment operations supporting its at-home service ecosystem

UAE suspends trade ties with Iran after missile launch: Key developments

Abu Dhabi has halted economic engagements with Tehran after detecting two ballistic missiles launched from Iran, as tensions over the Strait of Hormuz escalate the regional crisis

Saudi Arabia tightens anti-crime oversight on UAE-bound bank transfers

Six businesspeople told Reuters their companies have had transfers in various currencies delayed or returned by Saudi banks with no official explanation.