AB Espresso: Zimbabwe eyes key role in UAE food security drive

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Discover the latest stories from Arabian Business, compiled by our editorial team. Here's what you missed on Tuesday:

Zimbabwe is positioning itself as a potential cornerstone in the UAE’s food security strategy, with growing agricultural exports and strategic partnerships signalling a new chapter in bilateral trade ties, the head of the Zimbabwean Business Council said. The southern African nation is diversifying its export portfolio to the UAE, which historically focused more on rare minerals and metals, by shifting its attention to high-value agricultural products.

In other news, GEMS Education has named Amanda Spielman, the former Chief Inspector of Ofsted, as Chair of its new Academic Council. In an exclusive interview with Arabian Business, the former Chief Inspector of Ofsted revealed her new role at GEMS, what makes a good inspection and why technology can never replace humans in schools.

Meanwhile, French authorities have disclosed a list of charges against Pavel Durov, the founder and CEO of the messaging platform Telegram, following his arrest at Le Bourget airport near Paris on Saturday. The charges, revealed in a statement from the Paris Public Prosecutor’s Office, span a wide range of alleged offences against the 39-year-old tech entrepreneur.

On the real estate front, Awqaf Dubai has announced the development of 21 endowment real estate projects valued at over AED202m ($55.4m). Endowments and Minors’ Trust Foundation in Dubai (AWQAF Dubai) said the projects are in alignment with Dubai’s commitment to expand and diversify endowment investments, and to support the social and economic objectives of the Dubai Plan 2033. These projects include malls, residential buildings, shops, and mosques, which are currently at various stages of design and implementation.

In Saudi Arabia, the Saudi Mortgage Guarantees Company (Damanat) has signed global strategic partnerships to bolster the Saudi real estate mortgage market. Damanat CEO Hossam Y. Radwan said that the company achieved its targets during a visit to the US, when the company was part of the official delegation accompanying Minister of Municipalities and Housing Majed bin Abdullah Al Hogail.

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The rebound in oil prices could be short-lived as concerns over demand and a potential supply surplus loomed large

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