Connect UAE

The Turkish Embassy in the UAE was opened in 1979, following the foundation of the UAE in 1971, whereas the UAE opened its Embassy in Turkey in 1983.  The relationship between Turkey and the UAE, which started to deteriorate in the process called the Arab "Spring" (which in fact plunged the region into a dark "winter") did not improve afterward. The fact that Abu Dhabi did not even feel the need to hide its support for the July 15, 2016 coup attempt in Turkey on social media further increased the tension. In this sense, the process that started with a phone call between the foreign ministers of the UAE and Turkey last April is progressing in a positive direction. In the UAE, gestures such as the passive appointment of politicians known for their opposition to Turkey are reflected in the press. The fact that the commercial relations between the UAE and Turkey have not completely broken off despite the crisis period is also a basis for normalization. The two countries...

opportunities and challenges Brexit could create for the UAE and the UK in the fields of economics, security, and defense. It explores the role of the European Union in the bilateral relations post-Brexit These are daunting, and there are questions  to which there are yet no answers, but the all-party parliamentary group had to stress that the course was set and would be seen through. In general, reactions were positive, both from UK friends in the British Business Group and Emirati contacts, who had no doubt that business links would be maintained and new opportunities sought. The agreed bilateral trade target of £25 billion (Dh115bn) by 2020 remains firmly in place and should be a cause for celebration at Expo 2020 in Dubai. The Rulers of the Gulf states were now to be courted rather than cajoled. The summer of 1961 saw Sheikh Shakhbut make the first official visit of a Ruler of Abu Dhabi to the United Kingdom, including a private audience with Queen Elizabeth. Ther...

 UAE dirham was introduced in circulation for the first time on 19 May 1973. The Qatar and Dubai riyal were in circulation since 1966 in all of the emirates except Abu Dhabi, where the dirham replaced the Bahraini dinar. For example, oil prices collapsed in 2015 and reduced revenues for GCC countries.5 Many countries toyed with the idea of devaluing their currency against the U.S. dollar. The word "dirham" ultimately comes from drachma the Greek coin The devaluation would boost local revenue because U.S. dollars collected from oil sales could be repatriated for more dirhams.  Currency analysts predict further strengthening of the dirham in the coming months. Emerging markets will most likely continue to struggle and their currency value will depreciate further. This, however, will translate to better returns on remittance for expats in the UAE. Currency analysts advise expats who remit on a monthly basis to continue taking advantage of the soaring dirham...