UAE

Dubai is set to construct a luxurious moon-themed resort worth $5 billion by the end of this decade, reports the Arabian Business.  Co-founded by Sandra G. Matthews and Michael R. Henderson, Moon World Resorts Inc has designed the structure that will have an overall height...

President Joe Biden will participate in the first-ever I2U2 virtual summit along with his counterparts from Israel, the United Arab Emirates, and India on Thursday. What Happened: The U.S. President will convene the first virtual summit with Indian Prime Minister Narendra Modi, UAE...

Cryptocurrency companies located in the United Arab Emirates (UAE) are seeing an unprecedented influx of requests from Russian customers who wish to liquidate billions of dollars worth of cryptocurrency as the Russian ruble plunges due to increasingly harsh economic sanctions. What Happened:...

In an effort to recognize that not all drug use or possession ought to be punishable by harsh prison sentences, the United Arab Emirates (UAE) is creating amendments to longstanding laws that will stress treatment over jail time for first-time convicts of personal use and possession. Situated...

  OPEC and its allies reached a deal on Sunday to raise oil production in response to rising prices, and phase out 5.8 million barrels per day of oil production cuts by the end of 2022, Bloomberg reports.  This comes after a two-week spat between Saudi Arabia, and the United...

In a historic move last month, Israel and the United Arab Emirates (UAE) normalized relations, ending decades of in the shadows security and trade ties. What Happened: Now, the two countries can openly do business with each other and UAE citizens and enterprises can invest in Israel, scenarios that...

A consortium led by Apollo Global Management Inc (NYSE: APO) signed a partnership agreement with the Abu Dhabi National Oil Company (ADNOC), Reuters reported Tuesday. What Happened: The real estate investment deal is valued at $5.5 billion and half of these proceeds would be paid upfront,...

The Global X MSCI Pakistan ETF (NYSE: PAK) is up 8.3 percent year-to-date, a solid performance among the single-country exchange traded funds dedicated to nations classified as frontier markets. PAK: Purely Pakistan However, Pakistan will not be a frontier market for long and the country's...