The global oil market is experiencing an oversupply of "black gold," pushing oil prices down. A record 1.3 billion barrels of crude oil are in transit or awaiting buyers in the world's oceans.
The criminal prosecution of Roman Mileshko's group of aviation companies has been ongoing for more than three years without any charges being filed. A number of law enforcement agencies have found no evidence of a crime, which indicates possible pressure from competitors.
Heavy rains and thunderstorms are raging in the emirates of Dubai and Abu Dhabi, causing traffic jams and accidents. Police urge drivers and pedestrians to be careful on the roads.
Over 25% of new cars sold globally in 2025 are electric, according to an Ember analysis. This growth is driven by emerging markets, which are now leading the transition to electromobility.
The European Union has expanded sanctions against 9 individuals and entities supporting Russia's "shadow fleet" that transports oil. This decision aims to limit Russia's revenues and targets companies associated with "Rosneft" and "Lukoil" that use illegal shipping practices.
The administration of US President Donald Trump is forming a coalition to counter China's dominant control over critical minerals and technology sectors. On Friday, the Pax Silica declaration will be signed with the participation of Singapore, Australia, Japan, South Korea, and Israel.
Sovereign wealth funds from Gulf countries have joined forces to finance Warner Bros. Discovery's potential acquisition of Paramount. This move underscores their growing desire for Hollywood assets and influence in the global media market.
Yemen's airspace was briefly closed after the separatist Southern Transitional Council group seized territory in Hadramaut province. This exacerbated internal divisions within the anti-Houthi forces and led to hundreds of passengers being delayed.
South African state broadcaster presenter Nonkululeko Mantula, accused of recruiting citizens to fight for Russia, has been released on bail along with four co-accused. The court rejected her request for the return of her passport, as she had repeatedly visited Russia.
Expert Alexander Gabuev predicts the exhaustion of the Kremlin's economic resources in 12-18 months if sanctions are strengthened. He notes that time is working against Putin, and further sanctions could shorten this period.
A Belarusian factory that produces tableware has been supplying drones to Russia for several years, bypassing European sanctions.
The Ministry of Foreign Affairs of Ukraine reacted to the arrest of Nonkululeko Mantuli, a SAFM South African Republic host, suspected of recruiting men for the war in Ukraine on the side of the Russian Federation. MFA spokesperson Heorhii Tykhyi called it an example to follow.
Samsung Electronics has released its first foldable smartphone, the Galaxy Z TriFold, priced at 3. 59 million won ($2,440.17). The model with a 10-inch display will go on sale on December 12 in South Korea, and later in China, Singapore, Taiwan, UAE, and the US.
South African police have arrested 39-year-old Nonkululeko Mantuli, a SAFM host, on suspicion of recruiting men to fight in the war in Ukraine on Russia's side. Four other people have also been detained, three of whom were trying to fly to Russia, and one has already joined the Russian army.
Indian state-owned refineries Indian Oil and Bharat Petroleum are resuming purchases of discounted Russian crude oil at around $5 a barrel. India's total purchases are unlikely to exceed 600,000 barrels per day, with payments made in UAE dirhams and US dollars.
South African law enforcement officers detained four men at an airport near Johannesburg, suspecting them of being mercenaries for the war against Ukraine. They planned to fly to Russia via the UAE to join the occupation forces.
Russian propaganda, through a pocket 'American expert', threatens General Kyrylo Budanov with murder amid negotiations in Abu Dhabi.
Putin's aide, Yuri Ushakov, stated that the Kremlin had not discussed the US peace plan, having received several unofficial options. He added that representatives of the Russian and Ukrainian special services periodically meet in the UAE to discuss sensitive issues, including prisoner exchanges.
Changes to the US peace plan, which emerged after meetings between American and Ukrainian negotiators in Geneva, could force Putin to reject the proposal. Russia will resist any deviation from the maximalist positions that were in the original plan.
US President Trump expressed confidence in progress towards a peace deal for Ukraine, speaking in the White House Rose Garden. He noted that he had expected an easier end to Russia's invasion of Ukraine.
The heads of Ukrainian and Russian military intelligence were supposed to meet in Abu Dhabi on another topic, but the arrival of US Army Secretary Dan Driscoll came as a surprise. This changed the initial plan for the meeting, which was supposed to take place in the UAE.
Ukraine has agreed to a peace deal with the US, although some details still need to be clarified. The Ukrainian delegation contacted US Army Secretary Driscoll, who met with Russian officials in Abu Dhabi.
US Army Secretary Dan Driscoll held successful talks with Russian officials in the UAE. Ukraine's military intelligence chief Kyrylo Budanov is also in Abu Dhabi for meetings.
An Indian HAL Tejas fighter jet crashed at the Dubai Airshow, killing the pilot. The accident occurred on the territory of Al Maktoum International Airport, where the plane crashed into the ground, creating a fireball.
International Holding Company from the UAE, led by the brother of the UAE president, has expressed interest in acquiring assets of "Lukoil", which is under US sanctions. The US Treasury Department has allowed companies to negotiate with "Lukoil" until December 13.
Ukrainian drone system manufacturer SkyFall presented the modular interceptor P1-Sun at the Dubai Airshow. This FPV interceptor, designed to destroy Russian cruise missiles, interested delegations from the USA, France, and Great Britain.
Saudi Arabia's de facto ruler, Mohammed bin Salman, will pressure US President Donald Trump to intervene in the war in Sudan. Saudi Arabia believes that direct pressure from Trump is necessary to break the deadlock in negotiations.
A joint flight display of the American F-35 and the Russian Su-57E took place in Dubai. The UAE previously sought to acquire the F-35, and Saudi Arabia is considered a potential buyer of American aircraft.
The UN Security Council will vote on a US resolution supporting Donald Trump's plan for the future of Gaza. The document has received support from several Arab countries but has drawn objections from Israel and Hamas.
India has signed its first long-term agreement with the United States to import 2. 2 million tons of liquefied petroleum gas next year. This will strengthen energy ties and help New Delhi conclude a trade deal with Washington.
