Tag: UAE

UAE-Israel deal makes waves

In August 1990, though he didn’t know it, Iraq’s President Saddam Hussain created the conditions by invading Kuwait for the launch in Madrid 14 months later of what remains the most credible attempt to end the Arab-Israel conflict. His actions…

Ras al-Khaimah affirmed at A

Fitch Ratings has affirmed Ras al-Khaimah’s long-term foreign and local currency issuer default ratings (IDRs) at A with a stable outlook. The issue ratings on RAK Capital’s senior unsecured foreign- currency bonds are also affirmed at A. The UAE country Ceiling…

Uber suspends Abu Dhabi services

Uber said on Sunday that it had suspended services in Abu Dhabi due to “unforeseen circumstances.” Observers suggest that the company is facing potential difficulties with local regulators. Uber has operated in the UAE since 2013. Dubai-based Careem said in a statement…