United Arab Emirates

Brazil drops BRICS currency plan in favour of local payment push

bne intellinews February 14, 2025

Brazil will not pursue a common BRICS currency during its presidency of the bloc this year, focusing instead on facilitating trade in local currencies despite warnings from US President Donald Trump about challenging dollar dominance.

Lebanon's financial crisis drives citizens toward cryptocurrency

Josiane Hajj Moussa for bnm Beirut bureau February 7, 2025

Lebanon's crumbling pound and bank failures push worried citizens to embrace Bitcoin as a safe haven.

Hungarian government abandons €12bn 'Mini Dubai' project amid public outcry

bne IntelliNews February 7, 2025

The government has acknowledged Budapest's pre-emption rights for a 100-hectare brownfield area in the capital, effectively terminating a gigantic €12bn project promised by UAE-based Eagle Hills to build a new city district.

Iran eyes role as a digital hub in Persian Gulf region

bnm Tehran bureau February 3, 2025

Iran is aiming to carve out a role as a key data transit corridor linking Asia, Europe, and the Persian Gulf

Arab countries reject Trump's proposal to relocate Palestinians from Gaza to Egypt and Jordan

bnm Cairo bureau February 3, 2025

Arab foreign ministers on February 3 unanimously rejected US President Donald Trump's proposal to relocate Palestinians from Gaza to Egypt and Jordan.

Russia to unveil new Kalashnikov in Abu Dhabi

bnm Gulf bureau January 31, 2025

NEW: Russian arms maker Kalashnikov set to showcase RPL-7 machine gun at next month's Abu Dhabi defence expo

Hungary to enhance cooperation with UAE in defence and advanced technologies

bne IntelliNews January 30, 2025

Hungary and the United Arab Emirates have affirmed their commitment to expanding cooperation in several areas "based on mutual respect".

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