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Mentions of the UAE in the foreign press are led by Russia-UAE relations as UAE President Sheikh Mohamed bin Zayed heads to Russia to attend the Brics summit this week. Bloomberg is looking at how the addition of the UAE, along with Egypt, Iran, and Ethiopia in January, has improved the group’s potential to emerge as a stronger rival to the G7 — which includes the US, Canada, France, Germany, Italy, Japan and the UK. The expanded group aims to reduce reliance on the USD in oil and gas trading. Bloomberg and Reuters each also took note of the Kremlin’s comments on UAE-Russia relations ahead of their talks this week.
A newly established company in Dubai has taken control of three liquefied natural gas tankers as Russia continues to rely on alternative routes due to Western sanctions, Bloomberg reported.
