News - Middle East: Iran's President Ebrahim Raeisi will not attend the UN's COP28 climate summit in Dubai because of the presence of Israeli president Isaac Herzog, official news agency IRNA reports.

News - Middle East: Major stock markets in the Gulf declined in early trade on Monday, in line with global equities and oil prices as concerns over slowing economic growth and shrinking fuel demand weighed on investor sentiment.

News - Middle East: Gulf stocks gained on Tuesday, with Dubai and Qatar's main indexes rising more than 1% each, as oil prices jumped on increasing supply woes after Libya was forced to halt exports.

World: Ex-cop was hired to threaten bodyguard as part of campaign of intimidation on behalf of Sheikh Mohammed bin Rashid Al Maktoum, a British daily newspaper revealed.

News - Middle East - UAE: A British top court has ruled that Dubai’s ruler Sheikh Mohammed bin Rashid al-Maktoum had ordered the phone of her ex-wife and her associates to be hacked.

News - World: The BDS movement called for a boycott of the Expo 2021 Dubai, calling on governments, companies and artists to withdraw from the event, which it considered as “whitewashing of Emirates and Israeli occupation.”

News - Middle East - UAE: A huge explosion has reportedly stricken a container ship anchored off Dubai, ringing out across the city and causing a fire on the vessel.

News - Middle East - Dubai: Dubai’s trade in value terms fell by 13.7% last year, led by a decline in imports and re-exports, Reuters calculated, as the coronavirus pandemic took its toll on the Middle East’s largest trading hub. Foreign trade reached 1.182 trillion dirhams ($321.8 billion) in 2020, state news agency WAM reported on Saturday, down from 1.37 trillion dirhams in 2019. The value of imports declined 13.8% to 686 billion dirhams and re-exports, a key part of Dubai’s trade, fell 21.7% to 329 dirhams. Exports, however, rose 8% to 167 billion dirhams. Total trade volumes decreased 8.3% to 100 million tonnes. “The resumption of trade with Qatar, the start of trade engagement with Israel, the positive spin-offs from hosting EXPO 2020 and the launch of the Dubai 2040 Urban Master Plan will all contribute to accelerating the emirate’s growth momentum,” said Sultan Ahmed bin Sulayem, chairman of Dubai state-owned port operator DP World. Value of trade with China, Dubai’s largest trading partner, declined 5.3% to 142 billion dirhams, while value of trade with India, it second-biggest trading partner, fell 34% to 89 billion dirhams. Trade in value terms with the United States decreased 21.5% to 61 billion dirhams, and the value of trade with Saudi Arabia, its largest Arab trading partner, declined 3.6% to 54 billion dirhams. The value of gold trade rose 25.7% to 213 billion dirhams, while the value of diamonds traded decreased 23.7% to 64 billion dirhams, petroleum oils trade fell 33.3% to 57 billion and jewellery trade decreased 59.7% to 47 billion dirhams. Dubai Crown Prince Sheikh Hamdan bin Mohammed bin Rashid al-Maktoum said the emirate continues to target 2 trillion dirhams in trade in 2025. Source: Reuters

News - Middle East:  The British Guardian newspaper called for a boycott of all tourism activities in Dubai, in response to the widespread violations of the human rights in UAE. 

News - Middle East - UAE: The daughter of the billionaire ruler of Dubai has accused him of keeping her hostage after she was abducted from a yacht during an escape attempt.

News - Middle East: Dubai’s biggest property firm Emaar Properties reported a nearly 58% drop in net profit, while rival DAMAC Properties posted a 1.04 billion Dirham ($283 million) net loss for 2020, as the COVID-19 pandemic hurt the property market.

News - Middle East: Dubai, the business and financial hub of the United Arab Emirates (UAE), has approved a 57.1 billion dirham ($15.55 billion) budget for 2021, when the economy is expected to recover from a contraction this year, its ruler said on Sunday.