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The US orders some diplomats and their families to leave Saudi Arabia as Houthi attacks intensify. Three people are killed in separate incidents at an Aramco oil field and a Saudi airport, while Brent moves above $110 as the security risks lift oil prices.
Citi today announced the expansion of Citi Token Services into Japan and the United Arab Emirates (UAE), advancing our strategy to build a more connected, alway
The United Arab Emirates and Kuwait have boosted naphtha exports to Asia in recent months via ship-to-ship (STS) transfers outside the Strait of Hormuz, helping Asian petrochemical producers to increase output, traders and analysts said.
Abu Dhabi National Oil Co (ADNOC) has bought millions of barrels of discounted crude from Iraq's state oil firm, three people familiar with the matter said, expanding its role as a trader amid supply disruptions from the Iran war.
The UAE's post-pandemic boom is being tested by a war showing few signs of resolution, as disruption in the Strait of Hormuz drives up import costs and fuel prices. Yet the economy is showing signs of resilience.
The United Arab Emirates is quietly revising plans for a 5-gigawatt AI data center project – one of the biggest outside the U.S. – after the Iran war prompted a rethink of how and where critical infrastructure should be built, six people familiar with the matter told Reuters.
The United Arab Emirates is building alternative routes for its energy exports and trade to ensure they are not "held hostage" by the ongoing war between the U.S. and Iran, UAE presidential adviser Anwar Gargash said on Monday.
The iShares MSCI UAE ETF offers cheap, income-oriented exposure to the UAE, trading at 9.6x earnings and yielding 4.5%. UAE's portfolio is heavily concentrated in financials and real estate, with nearly 56% exposure, limiting diversification. Despite the UAE's economic transformation, the ETF lags behind, underrepresenting sectors like technology and healthcare.