Russian foreign minister Sergey Lavrov’s visit comes close on the heels of the much talked about meeting between the UAE President Sheikh Mohamed bin Zayed Al Nahyan and President of the Russian Federation Vladimir Putin in St Petersburg last month
Russia-Ukraine invasion
Latest in Russia-Ukraine invasion
geopolitics
Russia’s Putin announces martial law in annexed regions
Ukraine’s Zelenskyy urged the population in Russian-held territories to leave the occupied regions
geopolitics
Ukraine war: Russian general admits Kherson situation ‘tense’ under shelling
Kherson was the first city to fall to the Russians, in February during the onset of the war
Russia
In pictures: Ukraine faces blackout as Russia’s massive Kamikaze drones strike
Ukrainians are reportedly being urged not to use electric appliances at certain times
Humanitarian
UAE to send $100 million humanitarian aid to Ukraine
The move follows a day after the UAE president spoke to Ukraine’s President Volodymyr Zelenskyy
President Volodymyr Zelenskyy
UAE President calls Ukraine’s Zelenskyy, discusses diplomatic solutions
Sheikh Mohamed assured that the UAE will continue to exert all possible efforts to prevent the worsening of the crisis
Russia
UAE played ‘key role’ in Ukraine-Russia prisoner exchange
UAE president Sheikh Mohamed bin Zayed Al Nahyan and Russian president Vladimir Putin met one another on Tuesday to discuss the bilateral ties between the two nations
geopolitics
UAE President to meet Putin for Ukraine peace talks
Sheikh Mohamed’s visit to Russia is aimed “to help reach effective political solutions”
economic outlook
Global economy to lose $4trillion says IMF chief
Market uncertainty and recession fears key to a gloomy outlook from International Monetary Fund leader, Kristalina Georgieva
Russia
Russia set to annex four Ukraine regions on Friday
Russia to sign treaties on Friday to absorb four regions of Ukraine
President Vladimir Putin
Russians flee to Dubai, ticket prices soar to $5,000 as tensions rise over nuclear threat
The cheapest direct flight ticket from Moscow to Dubai costed over 300,000 roubles ($5,000), which is five times the average monthly wage
A350F
Global demand for air cargo in June shows ‘healthy’ performance: IATA
Other factors include the aftermath of the Ukraine-Russia conflict and supply chain constricts
Bruno Le Maire
France in talks with UAE to replace Russian oil, diesel as Ukraine war deepens
Meanwhile, Saudi Arabia indicates confidence in demand with a bigger-than-expected selling price increase across Asia
Arab nations
Brazil boosts food supplies to Arab nations hit by the impact of the Russia-Ukraine crisis
Brazil’s wheat exports to the Arab nations reached $285.86 million in Q1 2022, marking a 438 percent increase compared to the same period last year
Abdel Fattah el-Sisi
Abu Dhabi Crown Prince, President of Egypt, and King of Jordan discuss impact of Ukraine crisis
The leaders discussed the need to strengthen joint Arab action and address the crises threatening the region’s security and stability
AB In Focus
AB Talks: Evaluating the economic impact of the Russia-Ukraine conflict, rising inflation and energy transition goals
Scott Livermore, the chief economist at Oxford Economics, shares his thoughts on trade, food and commodity prices, inflationary pressures, and the importance of measuring and tackling emissions in this exclusive interview with Arabian Business