Middle East
-
Real Estate
UAE to attract largest number of millionaires in 2022
According to the current Henley Global Citizens Report, the UAE is predicted to eclipse the most popular locations for the…
Read More » -
Energy
QatarEnergy Picks TotalEnergies as its First Partner
TotalEnergies of France has been given a 25% share in the world’s biggest natural gas field in Qatar. QatarEnergy, a…
Read More » -
Energy
Middle East pushes toward renewables to reduce dependency on oil-economy
Many Middle Eastern economies rely on fossil fuels to finance their budgets and sustain economic activity. The Middle East produces…
Read More » -
Finance
Non-oil foreign trade rises 15% in Abu Dhabi to $16.74 billion
In the first quarter of 2022, Abu Dhabi’s non-oil international trade was $16.74 billion (AED 61.522 billion), up 15% over…
Read More » -
Energy
Amid concerns, OPEC signs deal to increase monthly oil output
As global markets tighten due to the EU’s consideration of barring Russian supply, OPEC (Organization of the Petroleum Exporting Countries)…
Read More » -
Banking
Central Bank of the UAE and other Gulf banks raise rates following the US Federal Reserve
Following the US Federal Reserve’s decision to increase rates, the Central Bank of the UAE (CBUAE) has decided to raise…
Read More » -
Technology
Dubai’s VARA becomes world’s first regulating body in Metaverse
With the opening of its Metaverse HQ in the dynamic virtual world of ‘The Sandbox,’ Dubai’s Virtual Assets Regulatory Authority…
Read More » -
Energy
Sharjah’s Waste to Energy Facility begins operations
The construction of the first Waste-to-Energy facility is completed in Sharjah, UAE. The project, Emirates Waste to Energy Company, is…
Read More » -
Banking
First Abu Dhabi Bank records highest ever profit in the first quarter of 2022
First Abu Dhabi Bank (FAB), the UAE’s largest lender by assets, recorded a net profit of $1.38 billion (AED 5.1…
Read More » -
Energy
Oil inflation might be a boon to the Middle East, but leaves other countries to deal with social unrest
Energy costs have risen faster than projected, and certain supply chain disruptions caused by the pandemic were expected to last…
Read More »