This year marks the 10th anniversary of diplomatic presence of the EU in the UAE. While our formal EU-UAE relationship is relatively recent, our shared history goes back much further, through the longstanding relations between the UAE and the EU member states. In the past decade, we have built on that foundation, fostering a deeper mutual understanding of our cultures, policies and the ways our strengths complement one another.
Today, bilateral relations are thriving. Economically, the UAE has grown to become the EU’s primary export destination and investment partner in the Mena region, as well as one of the EU’s top trading partners overall. This robust relationship is further reinforced by the strong presence of EU companies in the UAE across key sectors such as finance, energy, real estate, services and more. Moreover, about 200,000 Europeans who call the UAE home contribute daily to the nation’s economy, diversity and prosperity.
Obviously, this has not happened overnight, or even throughout this decade alone. It has developed over the course of several decades, thanks to the deeply rooted historical relationship between the Emirates and Europe, starting with the very first visit of UAE Founding Father, the late Sheikh Zayed bin Sultan Al Nahyan, to Europe in August 1951.
Europeans were starting to build an economic union after the devastating Second World War, and the UAE was laying the groundwork for its phenomenal economic transformation. Seventy-three years later, the EU is a unique partnership between 27 European countries and home to about 450 million people. The UAE is a worldwide financial, trade and logistics hub and a key international player.
The EU and the UAE both seek a two-state solution to the Palestinian-Israeli conflict
Since I presented my credentials in October last year, I have witnessed a surge in high-level visits from EU leaders to the UAE. During this short period, I have welcomed several high-level delegations from Brussels, including European Council President Charles Michel and European Commission President Ursula von der Leyen, twice.
Bilateral relations might be thriving, but the region as a whole is facing one of its worst humanitarian and security crises. High Representative of the EU for Foreign Affairs and Security Policy Josep Borrell recently said: “One year after the terrible attack against Israel, the situation is only getting worse. The people in the region are more insecure than ever and are caught in an unending cycle of violence, hatred, and revenge.” And our frequent exchanges, including at the highest level, show that our bilateral relationship is paramount for tackling these crises together.
Gravely concerned by the worsening humanitarian situation in Gaza, the EU has quadrupled its emergency assistance to €103 million ($112m) for the Palestinian people last year, while committing €275m in aid for this year. The UAE, meanwhile, has delivered the highest amount of humanitarian aid to Gaza since the conflict started.
The EU and the UAE both seek a two-state solution to the Palestinian-Israeli conflict, reject the escalation of violence across the Middle East, and believe that no military solution will bring a future to Palestinians or Israelis. Our collaboration with the UAE and other partners will continue to ensure that support reaches those most affected by the crisis while we continue exploring ways to build on our respective capacities and experiences, to lay the groundwork for the day after, and hopefully build a sustainable peace and prosperity for the wider region. As the European experience shows, sustainable peace even after the most devastating war is possible; this is after all how the EU was built following two devastating wars in Europe.
In Europe, on the other hand, our security is also fundamentally affected by Russia’s ongoing war of aggression against Ukraine, and we are grateful to our partners in the region for their efforts to help resolve this conflict. The UAE has played a key role in mediation between Russia and Ukraine, resulting in the release of hundreds of captives and has contributed millions to support various humanitarian initiatives in Ukraine, underscoring its commitment to aiding those affected by the conflict.
In Europe, we need a long-term solution as well, and to achieve that, we must strengthen co-operation with our partners in the region, similar to the collaboration we have on crises in the Middle East. This is essential for building a sustainable peace while respecting the territorial integrity and sovereignty of Ukraine.
Further, joint EU-UAE efforts can also play a pivotal role in de-escalating conflicts and stabilising areas like in Lebanon, Yemen, Syria and Sudan. While we work on our parts in these multitudes of crises, we continue looking at the bigger picture and considering how a long-term, comprehensive solution can bring peace and stability to all. In the meantime, the EU and its member states remain committed to protecting freedom of navigation in the Red Sea, particularly through the “Aspides” maritime operation.
We also continue building on our economic ties following our excellent collaboration before and during Cop28, which resulted in many opportunities for further joint work on climate action, green transition and sustainable energy. Other new initiatives include emerging areas such as AI where the EU is a leader in regulation, notably towards the safe use and trustworthiness of this new technology. Co-operation is also intensifying in other sectors such as innovation and research, education, women empowerment and people-to-people contacts. After all, let’s not forget that the UAE is the only country in the Gulf with a Schengen visa waiver.
Looking ahead, the first-ever EU-GCC Leaders Summit, which will take place on Wednesday in Brussels, represents another pivotal moment in our relationship with the UAE. This summit is not merely ceremonial; it signals a new era of collaboration in critical areas such as trade, energy, security and global development efforts.
Despite challenges ahead, I remain optimistic about the prospects of the region and the continued growth of EU-UAE relations. Our partnership is resilient and dynamic, capable of adapting to the evolving needs of our regions while maintaining a shared vision for a prosperous, secure and sustainable future.
Timeline
2012-2015
The company offers payments/bribes to win key contracts in the Middle East
May 2017
The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts
September 2021
Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act
October 2021
Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence
December 2024
Petrofac enters into comprehensive restructuring to strengthen the financial position of the group
May 2025
The High Court of England and Wales approves the company’s restructuring plan
July 2025
The Court of Appeal issues a judgment challenging parts of the restructuring plan
August 2025
Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision
October 2025
Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange
November 2025
180 Petrofac employees laid off in the UAE
Short-term let permits explained
Homeowners and tenants are allowed to list their properties for rental by registering through the Dubai Tourism website to obtain a permit.
Tenants also require a letter of no objection from their landlord before being allowed to list the property.
There is a cost of Dh1,590 before starting the process, with an additional licence fee of Dh300 per bedroom being rented in your home for the duration of the rental, which ranges from three months to a year.
Anyone hoping to list a property for rental must also provide a copy of their title deeds and Ejari, as well as their Emirates ID.
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ICC Women's T20 World Cup Asia Qualifier 2025, Thailand
UAE fixtures
May 9, v Malaysia
May 10, v Qatar
May 13, v Malaysia
May 15, v Qatar
May 18 and 19, semi-finals
May 20, final
MATCH INFO
Serie A
Juventus v Fiorentina, Saturday, 8pm (UAE)
Match is on BeIN Sports
COMPANY%20PROFILE
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In numbers: China in Dubai
The number of Chinese people living in Dubai: An estimated 200,000
Number of Chinese people in International City: Almost 50,000
Daily visitors to Dragon Mart in 2018/19: 120,000
Daily visitors to Dragon Mart in 2010: 20,000
Percentage increase in visitors in eight years: 500 per cent
Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
MOUNTAINHEAD REVIEW
Starring: Ramy Youssef, Steve Carell, Jason Schwartzman
Director: Jesse Armstrong
Rating: 3.5/5
Brief scores:
Liverpool 3
Mane 24', Shaqiri 73', 80'
Manchester United 1
Lingard 33'
Man of the Match: Fabinho (Liverpool)
Director: Laxman Utekar
Cast: Vicky Kaushal, Akshaye Khanna, Diana Penty, Vineet Kumar Singh, Rashmika Mandanna
Rating: 1/5
Skoda Superb Specs
Engine: 2-litre TSI petrol
Power: 190hp
Torque: 320Nm
Price: From Dh147,000
Available: Now
Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
Brief scoreline:
Manchester United 2
Rashford 28', Martial 72'
Watford 1
Doucoure 90'
Day 2, Abu Dhabi Test: At a glance
Moment of the day Dinesh Chandimal has inherited a challenging job, after being made Sri Lanka’s Test captain. He responded in perfect fashion, with an easy-natured century against Pakistan. He brought up three figures with a majestic cover drive, which he just stood and admired.
Stat of the day – 33 It took 33 balls for Dilruwan Perera to get off the mark. His time on zero was eventful enough. The Sri Lankan No 7 was given out LBW twice, but managed to have both decisions overturned on review. The TV replays showed both times that he had inside edged the ball onto his pad.
The verdict In the two previous times these two sides have met in Abu Dhabi, the Tests have been drawn. The docile nature of proceedings so far makes that the likely outcome again this time, but both sides will be harbouring thoughts that they can force their way into a winning position.
UPI facts
More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions
Men's football draw
Group A: UAE, Spain, South Africa, Jamaica
Group B: Bangladesh, Serbia, Korea
Group C: Bharat, Denmark, Kenya, USA
Group D: Oman, Austria, Rwanda
Red flags
- Promises of high, fixed or 'guaranteed' returns.
- Unregulated structured products or complex investments often used to bypass traditional safeguards.
- Lack of clear information, vague language, no access to audited financials.
- Overseas companies targeting investors in other jurisdictions - this can make legal recovery difficult.
- Hard-selling tactics - creating urgency, offering 'exclusive' deals.
Courtesy: Carol Glynn, founder of Conscious Finance Coaching
Arabian Gulf League fixtures:
Friday:
- Emirates v Hatta, 5.15pm
- Al Wahda v Al Dhafra, 5.25pm
- Al Ain v Shabab Al Ahli Dubai, 8.15pm
Saturday:
- Dibba v Ajman, 5.15pm
- Sharjah v Al Wasl, 5.20pm
- Al Jazira v Al Nasr, 8.15pm
Desert Warrior
Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley
Director: Rupert Wyatt
Rating: 3/5
TERMINAL HIGH ALTITUDE AREA DEFENCE (THAAD)
What is THAAD?
It is considered to be the US's most superior missile defence system.
Production:
It was created in 2008.
Speed:
THAAD missiles can travel at over Mach 8, so fast that it is hypersonic.
Abilities:
THAAD is designed to take out ballistic missiles as they are on their downward trajectory towards their target, otherwise known as the "terminal phase".
Purpose:
To protect high-value strategic sites, such as airfields or population centres.
Range:
THAAD can target projectiles inside and outside the Earth's atmosphere, at an altitude of 150 kilometres above the Earth's surface.
Creators:
Lockheed Martin was originally granted the contract to develop the system in 1992. Defence company Raytheon sub-contracts to develop other major parts of the system, such as ground-based radar.
UAE and THAAD:
In 2011, the UAE became the first country outside of the US to buy two THAAD missile defence systems. It then stationed them in 2016, becoming the first Gulf country to do so.
Company profile
Name: GiftBag.ae
Based: Dubai
Founded: 2011
Number of employees: 4
Sector: E-commerce
Funding: Self-funded to date
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Scoreline
Liverpool 3
Mane (7'), Salah (69'), Firmino (90')
Bournemouth 0
How to invest in gold
Investors can tap into the gold price by purchasing physical jewellery, coins and even gold bars, but these need to be stored safely and possibly insured.
A cheaper and more straightforward way to benefit from gold price growth is to buy an exchange-traded fund (ETF).
Most advisers suggest sticking to “physical” ETFs. These hold actual gold bullion, bars and coins in a vault on investors’ behalf. Others do not hold gold but use derivatives to track the price instead, adding an extra layer of risk. The two biggest physical gold ETFs are SPDR Gold Trust and iShares Gold Trust.
Another way to invest in gold’s success is to buy gold mining stocks, but Mr Gravier says this brings added risks and can be more volatile. “They have a serious downside potential should the price consolidate.”
Mr Kyprianou says gold and gold miners are two different asset classes. “One is a commodity and the other is a company stock, which means they behave differently.”
Mining companies are a business, susceptible to other market forces, such as worker availability, health and safety, strikes, debt levels, and so on. “These have nothing to do with gold at all. It means that some companies will survive, others won’t.”
By contrast, when gold is mined, it just sits in a vault. “It doesn’t even rust, which means it retains its value,” Mr Kyprianou says.
You may already have exposure to gold miners in your portfolio, say, through an international ETF or actively managed mutual fund.
You could spread this risk with an actively managed fund that invests in a spread of gold miners, with the best known being BlackRock Gold & General. It is up an incredible 55 per cent over the past year, and 240 per cent over five years. As always, past performance is no guide to the future.
PROFILE OF INVYGO
Started: 2018
Founders: Eslam Hussein and Pulkit Ganjoo
Based: Dubai
Sector: Transport
Size: 9 employees
Investment: $1,275,000
Investors: Class 5 Global, Equitrust, Gulf Islamic Investments, Kairos K50 and William Zeqiri
SPECS
Nissan 370z Nismo
Engine: 3.7-litre V6
Transmission: seven-speed automatic
Power: 363hp
Torque: 560Nm
Price: Dh184,500
EMIRATES'S%20REVISED%20A350%20DEPLOYMENT%20SCHEDULE
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Paatal Lok season two
Directors: Avinash Arun, Prosit Roy
Stars: Jaideep Ahlawat, Ishwak Singh, Lc Sekhose, Merenla Imsong
Rating: 4.5/5
Living in...
This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.
INFO
What: DP World Tour Championship
When: November 21-24
Where: Jumeirah Golf Estates, Dubai
Tickets: www.ticketmaster.ae.
Favourite book: ‘The Art of Learning’ by Josh Waitzkin
Favourite film: Marvel movies
Favourite parkour spot in Dubai: Residence towers in Jumeirah Beach Residence