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Japan, U.A.E to promote cooperation in energy development

Japan and the United Arab Emirates agreed Wednesday to enhance cooperation in energy development, including oil production and the construction of nuclear power plants in the Middle Eastern country. During talks with Crown Prince Sheikh Mohammed bin Zayed Al Nahyan of Abu Dhabi in Tokyo, Prime Minister Shinzo Abe expressed his desire to "further strengthen the comprehensive partnership" with the United Arab Emirates. Abu Dhabi is the biggest of the seven emirates that make up the country.

Abe meets with Abu Dhabi crown prince on energy cooperation

Prime Minister Shinzo Abe met with Crown Prince Sheikh Mohammed bin Zayed Al Nahyan of Abu Dhabi on Wednesday in Tokyo, apparently discussing cooperation between Japan and the United Arab Emirates in the area of energy development. The UAE is the second-biggest exporter of oil to Japan after Saudi Arabia, and some 40 percent of the oilfields Japanese companies have developed abroad are located in waters off Abu Dhabi, the biggest among the seven emirates making up the Middle Eastern country.

Abe meets with Abu Dhabi crown prince on energy cooperation

Prime Minister Shinzo Abe met with Crown Prince Sheikh Mohammed bin Zayed Al Nahyan of Abu Dhabi on Wednesday in Tokyo, apparently discussing cooperation between Japan and the United Arab Emirates in the area of energy development. The UAE is the second-biggest exporter of oil to Japan after Saudi Arabia, and some 40 percent of the oilfields Japanese companies have developed abroad are located in waters off Abu Dhabi, the biggest among the seven emirates making up the Middle Eastern country.

British banker who helped transform Dubai dies

DUBAI (Reuters) - The British banker who helped transform Dubai into a financial powerhouse, serving as an advisor to its ruling sheikh, has died at the age of 92. William Duff, a Scot, came to Dubai after a stint as a banker in Kuwait and became financial advisor to the late Sheikh Rashid bin Saeed al-Maktoum in 1960. At the time, the emirate's population was about 50,000; it survived largely on fishing, herding and small-scale trade across the Gulf in wooden dhows.

United Arab Emirates developing unmanned aerial drones to improve services for citizens

DUBAI, United Arab Emirates - An adviser to Dubai's ruler says the United Arab Emirates intends to develop drone technology for government services and has launched a $1 million international competition for the best innovative use of unmanned aircraft to help improve the lives of people.

Property firm warns Dubai real estate at risk of another bubble, despite 'smarter' market

DUBAI, United Arab Emirates - A global property consultant said Monday there are worrying signs that Dubai could be facing another economic bubble after property prices jumped more than 22 per cent last year and rents by 17 per cent.

Deutsche Bank found in 'material non-compliance' with Dubai regulator

DUBAI (Reuters) - The regulator of Dubai's tax-free financial centre said on Sunday that Deutsche Bank <DBKGn.DE> had been found to be in "material non-compliance" with orders to provide information as part of an investigation into alleged rule breaches. The Dubai Financial Services Authority (DFSA) had in November last year sued the lender, after almost one year of investigations into the bank's wealth management division.

UAE president 'well' after stroke

UAE President Sheikh Khalifa bin Zayed Al-Nahyan is "well" after an operation last month following a stroke, his brother said on Monday. "We went through a tough time but we have overcome that," said Sheikh Mohammed bin Zayed, who is crown prince of Abu Dhabi. "Sheikh Khalifa, may God give him long life, is well," he said. Sheikh Khalifa, 66, who is also ruler of oil-rich Abu Dhabi, has not made a public appearance since the UAE announced that he underwent an operation following a stroke on January 24.

Abu Dhabi residential real estate rebounds strongly in 2013: report

ABU DHABI (Reuters) - Abu Dhabi's residential real estate market rebounded strongly last year from a slump, helped by government intervention, a report by a real estate advisory firm said on Sunday. Prime residential sales prices jumped 25 percent in 2014, with an increase of 6 percent in the fourth quarter alone, Jones Lang LaSalle said.

UAE gives assurances on health of president after stroke: agency

RIYADH (Reuters) - The United Arab Emirates (UAE) issued a reassuring message on Sunday about the health of President Sheikh Khalifa bin Zayed al-Nahayan after he had surgery following a stroke, state media in the OPEC member Gulf Arab state reported. "The crown prince of Abu Dhabi has reassured the kings and leaders of brotherly states as to the health of His Highness the president of the state, and said he is in a stable condition," state news agency WAM reported.
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