Sudanese President Omar al-Bashir has accompanied two of the United Arab Emirates’ most-powerful rulers to a defense show. Al-Bashir was flanked by Abu Dhabi Crown Prince Mohammed bin Zayed Al Nayhan and Dubai’s ruler Sheikh Mohammed bin Rashid Al Maktoum at the event Sunday.
Category: Dubai, United Arab Emirates
Trump’s Sons Eric And Donald Jr. in Dubai to Open Golf Club
Two of U.S. President Donald Trump’s sons are in the United Arab Emirates for an invitation-only ceremony to open the Trump International Golf Club in Dubai. Eric and Donald Jr. attended a private luncheon Saturday afternoon with business partners of Hussain Sajwani, the billionaire who runs DAMAC Properties, the developer that partnered with Trump on the golf course.
This drone could be ferrying passengers through Dubai’s futuristic skyline as soon as July
Up, up and away: Dubai hopes to have a passenger-carrying drone regularly buzzing through the skyline of this futuristic city-state in July. The arrival of the Chinese-made EHang 184 – which already has had its flying debut over Dubai’s iconic, sail-shaped Burj al-Arab skyscraper hotel – comes as the Emirati city also has partnered with other cutting-edge technology companies, including Hyperloop One.
Bank Mergers Spread in Mideast as Low Oil Signals Boom Days Over
Oil’s more than 50 percent plunge over the past two years is forcing countries such as the United Arab Emirates, Qatar and Saudi Arabia to cut state spending, tap reserves and combine some of their largest banks to reduce costs and duplication. International Bank of Qatar QSC said this week they are in talks to create the country’s largest sharia-compliant bank and the third-largest such lender in the Middle East, with assets worth more than 160 billion riyals . Talks are at an early stage, according to the banks, which didn’t give details on the structure of the possible deal.