Abu Dhabi’s AI investment firm MGX raises $49bn for new fund
Abu Dhabi-based technology investment company MGX has raised $49 billion from global investors for its AI-focused fund, boosting…
UAE launches first homegrown satellite and plans to sell it to the West
A satellite built entirely in the UAE is about to leave for space. When it does, it will…
UAE oil exports rebound to 85% of prewar levels despite Strait of Hormuz closure, IEA says
Oil exports from the UAE in early June recovered to reach nearly 85 per cent of prewar levels,…
How the ECB’s rate rise shows it doesn’t want to be haunted by ghosts of the past
The European Central Bank’s decision to raise its key interest rate is reflecting the increasingly complex economic situation,…
UAE retains high Moody’s ratings and stable outlook on ‘strong shock-absorption’
Moody’s Ratings has maintained the UAE’s high credit rating, saying the nation’s robust financial position and diversified economy…
Kuwait’s ‘stubborn’ geography forces a new playbook for its energy sector
Kuwait Petroleum Corporation is planning for the long haul by expanding pipeline capacity with its neighbours and inviting…
Global oil inventories will slump to five-year low, IMF says
The International Monetary Fund has warned that global oil inventories are expected to sink to a five-year low…
Why a UAE petrol price reduction in June does not mean we are on the same road as 2022
A sharp decline in global oil prices in May bodes well for UAE motorists, as pump costs are…
UAE insurers are watching from space. What does that mean for your premium?
Your next insurance premium could be shaped by what satellites can see from space. UAE insurers are beginning…
Gulf countries maintain credit ratings and stable outlooks amid Iran war uncertainties
Five Gulf countries have maintained their credit ratings and stable outlooks amid the US-Iran war, largely due to…
The most expensive words in finance you don’t notice
I’ve spent over two decades watching how people make money decisions, and one pattern keeps showing up. The…
UAE announces nearly $47 billion in industrial deals at Make it in the Emirates summit
The UAE announced Dh171 billion ($46.56 billion) in aggregate deals including Dh48.5 billion worth of investments and Dh19.2…