United Arab Emirates
UAE honours US President Trump with Order of Zayed, invests $1.4 trillion in AI companies
US President Donald Trump arrived in Abu Dhabi on May 15 on a state visit to the United Arab Emirates, marking the final stop of his three-country Gulf tour, with the country expected to sign $1.4 trillion in deals.
_is_seen_outside_of_OPEC's_headquarters_in_Vienna,_Austria_Cropped_0_1746690314.png)
HALLIGAN: Power struggle in OPEC+ is pulling oil prices down
The oil market has entered choppy waters once again. Crude prices fell by a dramatic 18% in April y/y – the sharpest monthly drop since November 2021 – partly due to a global slowdown, but more due to a power struggle within OPEC+.
Disney and Miral announce plans for theme park resort in UAE
The Walt Disney Company and Miral have agreed to create a new Disney theme park resort on Yas Island in Abu Dhabi in direct competition with Saudi Arabia's future tourism plans.
BRICS seeks new global alignment at Rio ministerial summit
The expanded BRICS alliance has emerged as a potent diplomatic force at its foreign ministers’ summit in Rio de Janeiro on April 28 ahead of the July meeting.
Montenegro mega beach deal reignites debate over UAE investments in Western Balkans
A plan to develop Montenegro’s Velika Plaza beach has become the latest battleground in a growing backlash against UAE-backed real estate deals across the Western Balkans.
BRICS labour meeting in Brasilia tackles AI impact, green transition
The 4th BRICS Employment Working Group (EWG) Meeting concludes in Brasília today, following three days of discussions focused on artificial intelligence, digital transformation and just transition in the world of work.
Protesters against UAE beach development deal target Montenegrin parliament
Rally outside parliament in Podgorica as MPs debate tourism and real estate deals critics claim threaten Montenegro's environment and rule of law.
Investment deal with UAE sparks protests in Montenegro
Montenegrins are divided over agreements with the UAE on investments in tourism and real estate development affecting one of Europe's longest beaches.
Middle East markets suffer massive losses as Trump tariff effects continue
Middle East stock markets continued to bleed losses at the start of trading on April 7, as the effects of US tariffs on numerous countries persist.
Oil falls 3.75% amid global trade war recession fears
Oil prices fell 3.75% on April 7, continuing last week's losses, as escalating trade tensions between the United States and China fuelled fears of an economic recession that could reduce crude demand.
Indian EPC company L&T’s expanding footprint in the global energy space
Mumbai-based engineering company Larsen & Toubro Limited has, over recent years, established itself as a major player in the global energy EPC market.
HALLIGAN: Trump's tariffs are either madness or genius – it could go either way
Donald Trump has referred to tariffs as “the most beautiful word in the dictionary”. And now the US President has unleashed the most aggressive surge in American trade protectionism in almost a century.
BMI: New US tariffs set to reshape economic landscape across Middle East
The recently announced US tariffs threaten to redefine economic trajectories across the Middle East and North Africa region, with varying impacts likely across oil exporters and importers.
US sets six conditions for Iran talks in Trump letter to Supreme Leader
A figure close to the UAE government has published the alleged contents of Trump's letter to Iran's Supreme Leader citing informed sources.
Arab League and UN condemns brutal Israeli airstrikes on Gaza
The Arab League's Ahmed Aboul Gheit has hit out at Israeli strikes on Gaza on March 18 in a sign of collapsing relations between the two sides.
_Cropped_0.jpg)
Red Sea tensions escalate as US and Houthis launch attacks
The US and Yemen’s Houthi rebels have launched fresh attacks amid growing concerns over the safety of Red Sea shipping routes.
Telegram CEO Durov returns to Dubai amid French investigation
Telegram founder has left France and returned to his adopted home of the United Arab Emirates after several months detention in the country.
Emirates NBD intermediates 26 eurobond sales by Turkish issuers in 2024
Turkey's eurobond sellers last year raised $33bn from 46 papers, setting an annual record, while redeeming $16bn on 19 papers.
Brazil hosts first BRICS Sherpas meeting with expanded membership
Brasilia hosted the first BRICS Sherpas meeting under the Brazilian Presidency on February 24-25, bringing together representatives from all 11 member countries at the Itamaraty Palace.
Latin America faces growth hit as trade tensions escalate, warns Moody's
Trade conflicts and new tariffs could reduce Latin American economic growth by 0.3 percentage points in 2025 and 0.4 percentage points in 2026, with recovery delayed until 2028, Moody's Analytics warned in a recent report.