Although the jury remains out on whether the Abu Dhabi National Oil Company (ADNOC) Murban oil futures contract will become the new regional benchmark, it does reveal Abu Dhabi’s clear vision of its future and the role hydrocarbons are going to continue to play in it.
Only time will tell, but setting up the Murban contract to launch on Abu Dhabi-based exchange ICE Futures is certainly part of ADNOC’S strategy to displace S&P Global Platts monthly crude price assessments and ‘hold the pen’ on the emirate’s oil future, leveraging its hydrocarbon endowment to the full.
The futures trading platform tests the market appetite for Murban, which looks promising and, if successful, helps Abu Dhabi consolidate its position as a major producer in a shrinking oil market as well as again call into question the UAE's commitment to the Organization of the Petroleum Exporting Countries (OPEC) – unclear since December’s Joint Ministerial Monitoring Committee.… Seguir leyendo »
Tomorrow, the Israeli parliament will be voting on the agreement to normalise relations with the United Arab Emirates. A large majority will approve a hugely favourable step towards the Israeli government’s goals: perpetuating its systematic violations of international law and of the Palestinian people’s inalienable rights. Those parliamentarians who believe in justice and equality are going to vote against this agreement. I’m afraid, though, that we are a tiny minority.
This week, we were given copies of the agreement, which I read in the three languages (Arabic, Hebrew and English) and figured out a few things. First of all, those who wrote it in different languages tailored it to their audiences.… Seguir leyendo »
The agreements between the United Arab Emirates (UAE) and Bahrain on the one hand and Israel on the other, brokered by the Trump administration and signed at the White House on Sept. 15, attempted to normalize the abnormal in spite of their misleading declarations about realizing peace.
In fact, they succeeded in normalizing occupation, oppression, annexation, and grave violations of international law, including international humanitarian law.
We must call things by their real name. The UAE and Bahrain agreed to open regular diplomatic ties with Israel, but these were not "peace treaties." They ended no wars, as the three countries have been engaging in secret security, intelligence, and economic deals for years.… Seguir leyendo »
El primer ministro israelí Benjamín Netanyahu celebró el acuerdo que normaliza las relaciones entre Israel y los Emiratos Árabes Unidos —que ambos países firmarán en una ceremonia en la Casa Blanca el 15 de septiembre— como un paso histórico igual a los anteriores acuerdos de paz de Israel con Egipto y Jordania. El líder israelí también presumió de que el acuerdo con los EAU reivindicó su «doctrina Netanyahu» de paz a cambio de paz, en vez de tierras a cambio de paz.
Pero incluso lograr la paz con un país con el que Israel no comparte ninguna frontera y nunca estuvo en guerra obligó a Netanyahu a renunciar a sus planes de anexar gran parte de Cisjordania.… Seguir leyendo »
Some observers seem to assume that the recent agreement to normalize relations between Israel and the United Arab Emirates means the end of efforts to achieve a reasonable, two-state outcome to the Israel-Palestinian conflict. Some Israelis may hope that improving relations with Arab states would obviate the need for further negotiations with the Palestinians.
Yet the Palestinians are not going anywhere, and the reality is that Israel cannot retain its core character as both a Jewish and democratic state if it ignores the Palestinian issue. Fortunately, those who still seek a two-state solution have no cause for despair. The Emirati-Israeli breakthrough could be a much-needed bridge to overcoming the current impasse.… Seguir leyendo »
Last week, an Israeli airliner made its way from Israel to the United Arab Emirates in what was regarded a historical journey. The first ever such flight, the direct flight was the outcome of a deal made last month between the two countries.
While Israel and the Trump administration celebrated the moment, Palestinians sounded an opposite note. The Palestinian prime minister, Muhammad Shtayyeh, declared the flight “a clear and a blatant violation of the Arab position toward the Arab-Israeli conflict.”
“We had hoped to see an Emirati plane landing in a liberated Jerusalem, but we live in a difficult Arab era,” he said.… Seguir leyendo »
Desde el día fundacional de los Emiratos Árabes Unidos, la mujer ha jugado un rol fundamental en el desarrollo histórico de nuestro país. La igualdad de derechos de la mujer y el hombre está consagrada por nuestra Constitución, y ha sido siempre una máxima en el desarrollo de políticas por parte de nuestro Gobierno. Es por ello que el 28 de Agosto de cada año, celebramos y reconocemos la labor de la mujer emiratí por hacer de nuestro país un modelo de sociedad tolerante y abierta.
Nuestro Gobierno ha enfatizado, a lo largo de nuestra historia, la necesidad de empoderar a la mujer emiratí.… Seguir leyendo »
On 13 August 2020, US President Donald Trump announced the establishment of diplomatic relations between Israel and the United Arab Emirates (UAE). He celebrated the development as a breakthrough that will “advance peace in the Middle East.” The two states plan to exchange ambassadors and begin open cooperation in areas of security, tourism, trade, and healthcare. The agreement makes the United Arab Emirates the fourth Arab country—after Egypt, Jordan, and Mauritania—to formally recognize Israel. In exchange, the government of Prime Minister Benjamin Netanyahu appeared to pledge not to move forward with annexation, with the White House declaring that Israel had agreed to “suspend declaring sovereignty over areas outlined in the [US] president’s Vision for Peace and focus its efforts now on expanding ties with other countries in the Arab and Muslim world.”… Seguir leyendo »
The impending peace agreement between the United Arab Emirates and Israel is a game-changer for the entire Middle East.
In addition to wedding one of world's wealthiest states (the UAE) with its most innovative (Israel), it also opens new avenues toward peace. Realizing that other Arab states may soon follow the UAE's lead, and that time is no longer on their side, the Palestinians may well return to the negotiating table.
An Israeli public that is secure in its newfound relations with the Arab world will be more likely to make concessions. Stalemated for almost 30 years, the peace process might finally be revived.… Seguir leyendo »
We don’t hear many good news stories out of the Middle East, particularly recently, in the midst of the despair over Beirut, regional conflicts and the ravages of covid-19. But on Thursday there was a hopeful development: President Trump announced a historic peace agreement that will normalize relations between the United Arab Emirates and Israel.
Now what had been taking place below the table will be put on top of it. Security cooperation can be acknowledged in public and won’t have to exist in the shadows. Israeli companies will be able to operate openly in the UAE, and Israelis will be able to fly directly to the Emirates using their Israeli passports.… Seguir leyendo »
The useless agreement between the United Arab Emirates and Israel is nothing but a ploy to artificially inflate the Trump administration’s foreign policy achievements ahead of the election. In real terms, it was nothing but leaders trading with used goods.
On Thursday, President Trump announced that U.S. diplomats had brokered a major breakthrough. The agreement basically declares that the corrupt government of Israeli Prime Minister Benjamin Netanyahu will postpone its plans for the unilateral annexation of occupied Palestinian land in return for normalization with a small but rich Arab Gulf state. The problem with the big hoopla around this is that it is neither a genuine breakthrough nor will it bring peace between Israelis and Arabs anytime soon.… Seguir leyendo »
Over the past few months, the United Arab Emirates has worked diligently to meet the needs of all our citizens and residents, even at a time of unprecedented global uncertainty and insecurity.
We have safely shut down, and now seek to reopen, what is today a major international hub for trade, tourism, logistics and more. And we have achieved this while also meeting significant and myriad external interests and obligations.
This is how we have responded to our new reality.
The United Arab Emirates had planned to host the largest and most ambitious international event in the history of the Middle East, Africa and South Asia, over the span of six months starting this October.… Seguir leyendo »
As the United Arab Emirates draws down and redeploys its forces in Yemen, we do so in the same way we began — with eyes wide open. We understood the challenges then and we understand them today. There was no easy victory and there will be no easy peace.
But now is the time to double down on the political process. The Yemeni parties — the Houthis specifically — should see this move for what it is: a confidence-building measure to create new momentum to end the conflict. The international community also must seize the moment. It must deter any side from exploiting or undermining this opportunity, stop the Houthis from blocking aid, hasten compromise from all sides and support a determined U.N.-led… Seguir leyendo »
The pardoning of a British student sentenced to life imprisonment in the United Arab Emirates (UAE) for spying has been welcomed by the UK government. But the balance of power between the countries is changing.
The imprisonment of Matthew Hedges posed a real dilemma for the UK. It had to decide whether to stand up to the UAE, a country with which it does £15 billion of trade, or cave in and risk the perception that it is now the junior partner in the relationship.
Its strong response - and the fact Hedges can now return home - is testament to the UK's diplomatic weight; this time the UAE flinched.… Seguir leyendo »
Comoro Islands is a tiny East African country with stunning white beaches, a large active volcano and a population just shy of 800,000. Some 150,000 Comorans live in metropolitan France, which governed the Comoros until 1975. In the United Arab Emirates, an estimated 40,000 people carry Comoran passports, too.
The Comorans in the Emirates, however, do not speak their country’s language. They do not resemble the islanders physically or culturally. They were not born there; they have never been there. In fact, until recently, these Comorans were legally stateless, or bidoon.
The bidoon — the word is Arabic for “without” — mainly come from families who lived in the region but were never counted in censuses because of their tribal affiliation, their level of literacy, their ethnic origin or their access to state officials.… Seguir leyendo »
A medida que los gobiernos de todo el Medio Oriente intentan liberarse poco a poco de su dependencia de los recursos naturales y construir economías diversificadas y con capacidad de resiliencia, deberían aprender algunas lecciones de Dubái. Este emirato tiene una historia destacable.
En menos de una generación, Dubái se ha transformado en un importante centro de alto nivel para la inversión, el comercio y la cultura. A pesar de que la crisis financiera mundial del año 2008 golpeó fuertemente a esta Ciudad-Estado (debido a su exposición a activos inmobiliarios con precios inflados), se recuperó rápidamente, según se puede evidenciar por sus postulaciones para ser la sede de eventos, tales como la Expo Mundial 2020.… Seguir leyendo »
November 16, the International Day for Tolerance, is an important time to reflect on the urgent need to promote greater understanding among all people, and bring cultures together.
Divisiveness and polarization are on the rise across the world, and -- if left unchecked -- this trend will undermine global stability and peace. The UAE is pushing against this rising tide by creating a model that can serve as a road map for others to promote greater tolerance and openness.
Unique government policies, innovative partnerships and interfaith dialogues are three of the ways the UAE is leading by example.
Just this month, the UAE hosted a group of religious leaders -- including the Archbishop of Canterbury, Justin Welby, and the Grand Imam of al-Azhar, Dr.… Seguir leyendo »
En las dos últimas semanas, he oído y leído muchas preguntas, comentarios y artículos periodísticos sobre los cambios recientes en el gobierno de los Emiratos Árabes Unidos. ¿Por qué, todos parecen querer saber, creamos un Ministerio de la Felicidad, la Tolerancia y el Futuro, y por qué designamos a un ministro de la Juventud de 22 años?
Los cambios reflejan lo que hemos aprendido a partir de lo sucedido en nuestra región en los últimos cinco años. En particular, hemos aprendido que el no responder de manera efectiva a las aspiraciones de los jóvenes, que representan a más de la mitad de la población en los países árabes, es como nadar contra la corriente.… Seguir leyendo »
At a time of civil war, anarchy, extremism and impoverishment in the Middle East, the city-states of Dubai and Abu Dhabi stand out as the places where Arabic speakers are flourishing, innovating and offering a model for moving forward.
But can it last? I recently visited the United Arab Emirates to seek answers.
To begin with, some basic facts: Once called the Trucial States by British imperialists, the UAE consists of seven small monarchies bordering the Persian Gulf. They banded together in 1971, as the British retreated, to form a single federation.
The country has been doubly blessed: oil and gas abundance along with a smart and commercially minded group of leaders.… Seguir leyendo »
La verdad es que resulta muy difícil para aquellas personas que conforman como ciudadanía parte del proyecto de la UE llegar a entender la pésima gestión por parte del gobierno de Hungría, su incapacidad y falta de respeto a las personas que en su inmensa mayoría abandonan sus hogares frente a la terrible realidad que viven en Siria, Irak o la propia Afganistán; sin olvidar las imágenes de descoordinación logística, falta de recursos humanos y materiales en aquellos países que sin pertenecer al espacio UE se han visto desbordados por este flujo de refugiados, en especial Macedonia. Y, no debe dejarse de lado la dura realidad que se vive en las islas griegas donde no paran de llegar nuevos refugiados que huyen y un gobierno heleno desbordado.… Seguir leyendo »