Thursday, 16 July 2020
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
Russia's Putin Seeks to Enhance Ties With US-Allied UAE
Tuesday, 15 October 2019 23:42 WIB | GLOBAL |Global

Russian President Vladimir Putin visited the United Arab Emirates on Tuesday, as part of a Mideast tour aimed at strengthening ties between Moscow and this longtime U.S. ally amid tensions in the wider Persian Gulf.

Abu Dhabi's powerful crown prince, Mohammed bin Zayed Al Nahyan, met Putin at the airport and traveled with him to the Qasr Al Watan palace. As they arrived, troops on horseback flanked their limousine as military jets flew overhead and left a trail of smoke in the color of the Russian flag.

The martial demonstrations, mirroring one given to Pope Francis in February, showed the importance the UAE, a federation of seven sheikhdoms on the Arabian Peninsula, put on Putin's first visit since 2007.

Part of that is simply business. Russians increasingly have turned to the UAE's skyscraper-studded city of Dubai to both do business and vacation along its beaches. Other emirates as well see Russian travelers, with some hotels having their signs in Cyrillic.

Russia and other nations also have joined OPEC in a grouping called OPEC+, cutting their production to help boost prices. Crude oil sold for over $100 a barrel in the summer of 2014 before bottoming out below $30 a barrel in January 2016. On Monday, it traded just under $60 a barrel for benchmark Brent crude.

The region's security situation is the other part. Russia has worked with Iran to support embattled Syrian President Bashar Assad in his country's long war. While opposing Assad at the beginning of the conflict, the UAE now seems to accept Assad will remain in power there. Abu Dhabi has reopened its embassy in Damascus and is encouraging renewed business ties.

Meanwhile, the Emirates has tried to ease tensions with Iran after President Donald Trump's decision to withdraw the U.S. from Tehran's nuclear deal with world powers over a year ago. Oil tankers off the UAE's coast came under attack by what the U.S. Navy described as Iranian magnetic mines, something denied by Tehran. Iran also seized a UAE-based oil tanker in recent months as well.

Source : VOA

RELATED NEWS
US Again Breaks World Record for Most Reported COVID-19 Cases in a Day...
Thursday, 16 July 2020 17:34 WIB

The United States shattered its own record Wednesday for the most reported COVID-19 cases in a 24-hour period “ 67,600 according to Johns Hopkins University. With nearly 3.5 million confirmed cases...

Trump Administration Announces MS-13 Gang Arrests...
Thursday, 16 July 2020 11:36 WIB

More than two dozen alleged leaders and members of the violent gang MS-13 have been arrested and charged, officials announced Wednesday, part of a federal law enforcement operation aimed at disrupting...

Tokyo on Top Virus Alert as COVID Cases Continue to Surge...
Wednesday, 15 July 2020 23:23 WIB

Tokyo Governor Yuriko Koike Wednesday issued the highest possible warning about the escalating spread of COVID-19 infections in the Japanese capital, requesting residents and business owners step up p...

Moderna Stock Surges 17% on Coronavirus Vaccine Trial News...
Wednesday, 15 July 2020 16:05 WIB

Moderna Inc. stock skyrocketed in the extended session Tuesday after the biotech company said its coronavirus vaccine candidate produced a œrobust immune-system response in a larger group of peop...

Trump Administration Rescinds Rule on Foreign Students...
Wednesday, 15 July 2020 10:15 WIB

Facing eight federal lawsuits and opposition from hundreds of universities, the Trump administration on Tuesday rescinded a rule that would have required international students to transfer or leave th...

LATEST NEWS
Stocks Trade Lower after Mixed U.S. Corporate Earnings and Economic Data

U.S. stocks traded lower mid-morning Thursday, led by technology stocks, as investors parsed mixed corporate earnings reports and economic data in the wake of a drop in Asian markets with U.S.-China tensions a factor also. The Dow Jones Industrial...

European Stocks Close Lower as ECB Leaves Policy Unchanged

European stocks finished in negative territory on Thursday, failing to get a boost from Chinese growth data showing a rebound in the economy. The pan-European Stoxx 600 slid 0.46% to 372.16, with the travel and leisure sector dropping 1.9% to lead...

Dollar Dips after Rise in U.S. Retail Sales

The safe-haven U.S. dollar fell modestly in morning trading on Thursday after domestic retail sales data for June came in better than expected, though the move was limited by jobless claims and a drop in U.S. equities. Retail sales in June...

POPULAR NEWS
Gold Futures Post Their First Gain in 3 Sessions
Tuesday, 14 July 2020 00:51 WIB

Gold futures climbed on Monday to score their first gain in three sessions, moving back toward the nearly nine-year high they reached on...

Gold Steadies Amid U.S.-China Tensions, WHO's Warning
Tuesday, 14 July 2020 09:31 WIB

Spot gold was steady as investors weighed fresh tensions between the U.S. and China, this time over territorial claims, and the economic damage...

Gold Futures Settle with a Modest Loss
Wednesday, 15 July 2020 01:01 WIB

Gold futures posted a modest loss on Tuesday, holding ground above the key $1,800 an ounce mark. Gold "definitely saw some profit taking but it is...

Gold Futures Settle with a Modest Gain, Buoyed by a Retreat in The U.S. Dollar
Thursday, 16 July 2020 00:53 WIB

Gold futures posted a modest gain on Wednesday, with dollar-denominated prices for the metal supported by weakness in the U.S. dollar. Strength in...