UAE creates foreign trade ministry, prime minister says

DUBAI, June 20 (Reuters) - UAE created a new ministry of foreign trade, and appointed Thani al Zeyoudi as its minister, the United Arab Emirates prime minister and Dubai ruler Sheikh Mohammed bin Rashid Al Maktoum said in a post on X on Friday.

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Reuters

14 minutes ago

• Reuters

UAE stocks bounce back amid hopes of regional de-escalation

June 20 (Reuters) - Stock exchanges in the United Arab Emirates rebounded on Friday, buoyed by hopes of a potential de-escalation in regional tensions. Investor sentiment improved following European efforts to bring Tehran back to the negotiating table and a pause in U.S. involvement in the Middle East conflict. The White House said on Thursday that President Donald Trump would decide on "whether or not to go" with U.S. involvement in the conflict in the next two weeks, citing the possibility of negotiations involving Iran in the near future. Dubai's main index (.DFMGI), opens new tab snapped a three-day losing streak, rising 1.6%, driven by gains in real estate and materials sector stocks. Among the top performers, Dubai's developer Emaar Properties ( opens new tab jumped 1.2%, while state-owned Parkin Company ( opens new tab advanced 4.8%. Separately, UAE created a new ministry of foreign trade, and appointed Thani al Zeyoudi as its minister, the United Arab Emirates prime minister and Dubai ruler Sheikh Mohammed bin Rashid Al Maktoum said in a post on X on Friday. Abu Dhabi's benchmark index (.FTFADGI) also rebounded, gaining 1% after three consecutive sessions of losses. First Abu Dhabi Bank ( opens new tab rose 2.7%, while Adnoc Gas ( opens new tab advanced 2.5%. Real estate developer Aldar Properties ( opens new tab gained 4.5% after reporting over AED 3.5 billion in sales at its Fahid Beach Residences and The Beach House projects. Despite Friday's gains, Dubai's index posted a second consecutive weekly loss, down 0.2% after nine straight weeks of gains. Abu Dhabi mirrored the trend with a 0.5% weekly decline, according to LSEG data. Meanwhile, oil prices — a key driver of Gulf financial markets — fell 2.3% to $77.04 per barrel as of 11:40 GMT.

Glasgow Times

15 minutes ago

• Glasgow Times

Scottish Government ending use of WhatsApp after criticism

The Government had previously agreed to end its use of WhatsApp and other non-official messaging applications by spring next year. READ NEXT: First Bus receive huge accolade at Scottish Transport Awards 2025 The policy comes into force on Friday though some teams will continue to phase out the app by the end of the year. As part of the UK Covid-19 Inquiry, it emerged ministers and top civil servants deleted WhatsApp messages which had been requested by the inquiry team. The Conservatives attacked former first minister Nicola Sturgeon in particular for deleting messages, though she said they did not relate to Government business. Her successor, Humza Yousaf, ordered a review of mobile messaging which was carried out by Emma Martins – the former Channel Islands data protection commissioner. READ NEXT: Abusive social media posts directed at MSPs tripled in past year Deputy First Minister Kate Forbes said the policy will apply to all Scottish Government employees, including contractors, senior civil servants, special advisers and ministers. Ms Forbes said: 'We are setting out a clear approach to ending Government use of mobile messaging apps, and this will support wider work to deliver on our commitment to openness and transparency. 'The use of mobile messaging apps increased during the pandemic as staff worked remotely in unprecedented and difficult circumstances. Having reflected on our working practices, we are now implementing changes to the use of such apps. 'This follows on from actions to implement other recommendations from Ms Martins's externally-led review including updating our hybrid working policy. 'I want to reassure the public that it is a priority of this Government to maintain secure and searchable data, ensuring compliance with all records management rules. 'We will continue to act to ensure our data policies are robust, especially considering technological advances.' Opposition MSPs have said the new policy is a 'clear admission' from the Government that the pandemic deletions were wrong. Scottish Conservative MSP Craig Hoy said: 'This is as close as we'll get to an apology from the SNP for the shameful, industrial-scale deletion of Covid WhatsApp messages which was orchestrated by John Swinney and Nicola Sturgeon. 'This change in policy is all well and good but the horse has already bolted for bereaved families who were denied the answers they deserved over the decisions taken by SNP ministers during the pandemic. 'Secrecy and evasion are hardwired into this SNP Government, so the Scottish people will not be duped into thinking one overdue concession marks a change in culture.'

The Independent

19 minutes ago

• The Independent

What's the point of the UK talking to Tehran? More than you might think…

Europe's frantic diplomatic mission in Geneva may go down as one of its most arduous ventures on the world stage – and also one of its most consequential. The foreign ministers of Britain, France and Germany must persuade a battered Iranian regime to kow-tow to the US and Israel over its nuclear ambitions, or face likely annihilation. All three European powers would, of course, love to see the back of supreme leader Ayatollah Khamenei's corrupt and brutal theocracy. But they rightly fear the regime's capacity to unleash death and destruction before it goes. If Trump joins Israel in the war on Iran with US bunker-busting bombs on nuclear sites, and it succeeds in killing Khamenei, there will still be plenty of Iranian hardliners left who will be willing to fight to the death. Previous inhibitions will not apply. That could mean use of a dirty bomb in the West, or chaos unleashed in the Strait of Hormuz, through which 90 per cent of the Gulf's oil passes. For the world at large, the stakes are that high. British foreign secretary David Lammy – after meeting his US counterpart, Marco Rubio, and presidential envoy Steve Witkoff in Washington on Thursday – said that the UK was 'determined that Iran must never have a nuclear weapon". He thinks a window now exists within the next two weeks to achieve a diplomatic solution, as Trump dithers over whether to attack the regime, as US neo-cons and Israeli prime minister Benjamin Netanyahu are demanding – or whether to heed the no-more-wars mantra of his Maga base. And so, in search of a diplomatic solution, Iran's foreign minister Abbas Araghchi is meeting with his European counterparts in Switzerland. But what can be achieved? For all their good intentions – French president Emmanuel Macron said the diplomats would make a "comprehensive, diplomatic and technical offer of negotiation" to Iran – the Europeans are unlikely to persuade the Iranians to pull back from the brink. At least not on their own. While one Iranian diplomat said Tehran was willing to pursue 'a balanced and pragmatic policy in its dealings with Europe, and engage rationally with both East and West', Araghchi said there will be 'no talks' with the US over Iran's nuclear programme while the Israeli bombardment continues: 'The Americans want negotiations and have sent messages several times, but we have clearly said that there is no room for dialogue.' But there is a useful point to holding talks on neutral ground with Tehran – and it's not simply to ask them nicely and face-to-face if they wouldn't mind stopping with their nuclear enrichment programme. Rather than relaying Trump and Netanyahu's demands to Iran, Geneva is about feeding back to the White House – translating Tehran's position for the US president. The Europeans aren't there to stop the war, they're Trump-whispering for the Ayatollah. It's not clear that European diplomats have the connections they need to have a greater role to play than this, useful though it will prove. But when it comes to a practical breakthrough, some of the Gulf states might, however. Behind the scenes, figures in what some dub 'Iran's deep state' – many of them members of the powerful Islamic Revolutionary Guard Corps – are talking to representatives of Oman and Qatar; it might be these Middle Eastern countries that can make the difference, in a second stage of dialogue. Qatar, for its part, will likely hold more sway over Washington than London or Paris. All the peacemakers, though, will be battling the plans of Israeli prime minister Benjamin Netanyahu. Nothing less that the obliteration of the regime in Tehran will satisfy him. Worryingly, Israel's premier appears to have been joined by an increasingly pro-war Fox News, with Sean Hannity this week declaring that Iran 'is the biggest existential threat to the entire western world'. The West should have learnt by now – after the disasters in Iraq, Afghanistan and Libya – that enforced regime change in the Middle East is best avoided. Andreas Krieg, a leading Iran expert at King's College London thinks regime change in Iran would 'not be clean or peaceful'. If the current theocracy falls, there is no significant alternative political-social structure to lead this country of 92 million into the light. The IRGC, a ruthless military-industrial complex, would not easily cede control of the Iranian economy. Instead, with 190,000 personnel and a similar number of Basij paramilitaries to call on, it might well create a military dictatorship. The West and Israel would be back to square one. And the Iranian people would be no better off. Ironically, the last time the West brought about regime change in Iran – by booting out, in 1953, the democratically elected premier Mohammad Mosaddegh (for which we have British Petroleum and the CIA to thank) – it laid the groundwork for the emergence of the current Islamic Republic in the 1970s. In between rounds of golf, as he ponders his next steps in the Middle East, you can't help wishing Potus would be shown – by Lammy or anyone else – the relevant pages of a history book. It is within the president's power to unleash hell – or stop history repeating itself. After the Geneva talks, let's hope he listens to what the Trump-whisperers tell him.