Tag Archives: United Arab Emirates

What is the Price of a Prince?

One of the U.S.’s closest allies in the Middle East, the United Arab Emirates, paid more than $20 million to secure the freedom of an Emirati prince kidnapped by al Qaeda’s West African affiliate… The ransom package also included the release of dozens of Islamist extremists imprisoned in Mali, where the prince was abducted in September 2025 and where al Qaeda-backed militants are threatening to seize control of the entire nation. The infusion of money and muscle into al Qaeda’s powerful West African branch, Jama’at Nusrat al-Islam wal-Muslimin, or JNIM, comes as the militants are besieging Mali’s capital, Bamako. Should they succeed in ousting the government, Mali—home to 25 million people in an area almost twice the size of Texas—would become the first country in the world governed by adherents of the terror group…

Sheikh Ahmed bin Maktoum bin Juma al-Maktoum, a 78-year-old member of Dubai’s ruling family, was seized during an al Qaeda raid on his farm south of Bamako…Emirati businesses have a strong presence in Mali, the world’s fourth-largest gold producer, which exports most of its output to Dubai. Al-Maktoum himself is involved in the precious-metals trade out of Mali…

Excerpts from Benoit Faucon, U.A.E.’s Ransom Payment for Kidnapped Prince Bolsters al Qaeda in Mali, WSJ, Dec. 5, 2025

Why the Rich Love Dubai

But Dubai…has an asset that counts as much as location, infrastructure, an eager multinational workforce, business-friendly rules and an absence of politics. With much of the region in distress, skilled workers and capital are pouring in faster than ever. Recent arrivals include rich Syrian and Egyptian exiles, and if Western sanctions on Iran are eased, Dubai is poised to cash in mightily, too. “The Arab spring has been great for us,” says Mishaal Gargawi, a young Emirati from a notable merchant family who is launching a private think-tank. “Everyone comes here, from Colonel Qaddafi’s lieutenants to Saudis getting a government payrise and blowing it on iPads in the Dubai Mall.”

Dubai:It’s bouncing back, Economist, Nov. 23, 2013, at  52