Politics
Joe Biden Exits 2024 Presidential Race, Shaking Up U.S. Political Landscape
In a turn of events in American politics, President Joe Biden has announced that he will not seek re-election in 2024. His announcement, shared on the media this Sunday afternoon, gives Donald Trump a significant edge in the upcoming presidential race.
Concerns about Biden’s ability to lead another campaign at the age of 81 came to a head after a televised debate with Trump on June 27 during which Biden displayed signs of cognitive fatigue. Following this, prominent Democrats, including former President Barack Obama, openly called for Biden to step aside.
In a message posted online, Biden stated:
“Serving as your president has been the greatest honor of my life. And while it has been my intention to run for re-election, I believe that the best course of action for my party and the country is for me to step aside and focus solely on fulfilling my duties as President for the remainder of my term.”
Biden’s choice was also influenced by recent public blunders during events and appearances, such as at the NATO summit marking its 75th anniversary where he mistakenly referred to Ukrainian President Volodymyr Zelenskyy as “President Putin” and his own Vice President Kamala Harris, as “Vice President Trump.”
The pressure reached its peak when a notable opinion piece by George Clooney, a supporter of the Democratic Party was published in the ‘New York Times’ suggesting that Biden might face challenges in his race against time.
The situation became more complex when Biden tested positive for COVID-19, leading to his recovery at his home in Delaware. Despite plans by the Democratic Party to secure his nomination through a virtual vote before the Chicago convention, Biden eventually decided to step back.
Biden’s withdrawal has triggered discussions about who will succeed him. Vice President Kamala Harris appears to be a contender and could potentially make history as the first female President of the United States. Nonetheless, other notable Democrats like California Governor Gavin Newsom and Michigan Governor Gretchen Whitmer have also emerged as candidates.
This turn of events marks a moment in American politics as the Democratic Party faces uncertainty just months before the 2024 elections. The repercussions of this withdrawal could have far-reaching effects, on both the domestic political landscape and global power dynamics.
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EU and UAE Deepen Strategic Ties as Fourth High-Level Political Dialogue Concludes in Abu Dhabi
ABU DHABI — In a significant step toward strengthening diplomatic and economic cooperation between Europe and the Gulf, the European Union and the United Arab Emirates concluded their Fourth High-Level Political Dialogue on Monday in Abu Dhabi. The talks marked a turning point in bilateral relations, with both sides agreeing to intensify collaboration not only through trade but also on pressing regional and global security issues.
Co-chaired by Deputy Secretary-General of the European External Action Service for Political Affairs Olof Skoog and H.E. Lana Nusseibeh , Assistant Minister for Political Affairs and the Foreign Minister’s Envoy for the EU, the dialogue underscored the growing strategic alignment between the two partners amid shifting global dynamics.
One of the most anticipated outcomes of the meeting was the landmark announcement of the launch of free trade negotiations between the EU and the UAE — a move that promises to deepen economic integration and boost investment flows between the regions. Officials described the decision as a “win-win” for both parties, reflecting shared interests in stability, innovation, and sustainable development.
“The EU-UAE partnership is more than just diplomacy,” said Skoog in a joint press statement. “It’s about building resilience together — economically, politically, and regionally.”
Toward a Strategic Partnership Agreement
Beyond trade, both sides expressed strong support for elevating the relationship through the conclusion of a EU-UAE Strategic Partnership Agreement , which would institutionalize cooperation across a broad spectrum of issues. Such an agreement would allow for greater coordination on foreign policy, defense, energy transition, climate action, and technological innovation.
The dialogue also reaffirmed the importance of multilateral engagement, with both parties emphasizing the need to uphold international law and work together within global institutions such as the United Nations and the G20.
Addressing Regional Challenges
In a wide-ranging discussion on regional affairs, EU and UAE officials exchanged views on several conflict zones and volatile situations:
- Gaza : Both sides called for an immediate cessation of hostilities, the release of hostages, and urgent humanitarian aid access.
- Lebanon and Syria : Concerns were raised over the ongoing political instability and the humanitarian toll of protracted crises.
- Iran and Yemen : Participants emphasized the need for de-escalation and inclusive political solutions to reduce tensions and promote regional security.
- Red Sea Security : With rising maritime threats, both parties agreed on the importance of safeguarding vital shipping routes and coordinating naval efforts.
- Sudan : The EU and UAE reiterated their calls for an end to violence and a return to civilian-led governance.
- Ukraine : The EU welcomed the UAE’s continued diplomatic engagement on the issue, while reaffirming its stance against Russia’s aggression.
Strengthening EU-GCC Cooperation
Looking ahead, the EU and UAE also discussed ways to deepen EU-Gulf Cooperation Council (GCC) ties , particularly in light of the upcoming UAE presidency of the GCC later this year. This follows up on commitments made during the October 2024 EU-GCC Summit in Brussels , where leaders from both regions pledged closer collaboration on energy, trade, and regional security.
The dialogue concluded with a shared commitment to continue fostering trust and cooperation, not only between the EU and UAE, but also in support of broader regional stability and prosperity.
As the world faces unprecedented geopolitical challenges, the deepening EU-UAE partnership may serve as a crucial bridge between East and West — one built not only on shared interests, but on shared values.
United Arab Emirates: 4th High-level Political Dialogue held in Abu Dhabi on 27 May
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- EIB Global and Kazakhstan Housing Company sign accord to promote energy-efficient homes in country.
- Agreement comes in wake of first EU-Central Asia summit.
- The company will also benefit from technical assistance provided under the joint EIB and GIZ initiative, FELICITY II.
The European Investment Bank’s development arm (EIB Global) and state-owned Kazakhstan Housing Company JSC are teaming up to increase the number of energy-efficient and sustainable homes in Kazakhstan.
EIB Vice-President Kyriacos Kakouris and Altay Kuzdibayev, chairman of the management board of Kazakhstan Housing Company, signed a memorandum of understanding today in the Kazakh capital Astana for financing to build energy-efficient homes.
“We will work closely with Kazakhstan Housing Company to explore financing opportunities for housing projects that meet high energy-efficiency standards,” said EIB Vice-President Kakouris. “The agreement reflects a commitment by the European Union and the bank to deepening our strategic partnership with central Asia. Contributing to the sustainable future of the region through initiatives like this one is a high priority for us.”
This new accord is part of an initiative – FELICITY II Cities Advisory Facility – undertaken jointly by the EIB and German development agency Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ). The initiative is supported by the International Climate Initiative (IKI) of the Federal Ministry for Economic Affairs and Climate Action of Germany to support low-carbon investments in countries in eastern Europe and central Asia.
“Improving people’s quality of life and developing a modern, comfortable urban environment are the key priorities of Kazakhstan Housing Company. Signing a memorandum with EIB Global is an important step in the implementation of long-term international cooperation initiatives that are in line with both national priorities and global climate challenges. We are confident that this partnership will contribute to the formation of a new standard of housing and the development of sustainable and energy efficient housing projects in Kazakhstan,” said Kazakhstan Housing Company Management Board Chairman Kuzdibayev.
The memorandum of understanding builds on the first EU-Central Asia summit held in April 2025, when government leaders pledged to strengthen ties between the two regions. During the summit, EIB Global announced plans to expand its strategic investments in sustainable development across central Asia.
GIZ, which was represented at today’s signing event in Astana, , in cooperation with the German Energy Agency (dena) will offer technical assistance to Kazakhstan Housing Company under FELICITY II.
Cooperation between the EIB and Kazakhstan Housing Company creates a real opportunity to accelerate the low-carbon transformation of Kazakhstan’s building sector, which accounts for a third of the country’s energy use,” said GIZ Project Director André Fabian. “It will also stimulate the market for energy-efficient construction and foster the uptake of innovative technologies and services.” The signing took place during the Astana International Forum, an annual conference that promotes global dialogue and attracts leaders of governments, international organisations, businesses and academic institutions. At the Forum, EIB Vice-President Kakouris participated in panel discussions on water security, global trade and climate action.
Background information
About EIB Global
The European Investment Bank (ElB) is the long-term lending institution of the European Union, owned by the Member States. It finances investments that pursue EU policy objectives.
EIB Global is the EIB Group’s specialised arm devoted to increasing the impact of international partnerships and development finance, and a key partner of Global Gateway. It aims to support €100 billion of investment by the end of 2027 – around one-third of the overall target of this EU initiative. Within Team Europe, EIB Global fosters strong, focused partnerships alongside fellow development finance institutions and civil society. EIB Global brings the EIB Group closer to people, companies and institutions through its offices across the world.
Photos of EIB headquarters for media use are available here
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