UAE economy surges ahead while Western markets slide toward recession as Gulf nation draws investors seeking stability
geopolitical tensions
Latest in geopolitical tensions
Airspace
UAE carriers temporarily suspend Pakistan flights as military tensions with India escalate
The violence marks the worst military flare-up between the two countries in more than two decades
Abu Dhabi Investment Group
‘Europe no longer attractive for investment,’ says ADIG CEO as capital flows to UAE
‘Europe has become a less attractive destination for investment,’ says the ADIG chief amid capital flight and geopolitical shifts
Cryptocurrency
US election: UAE, Middle East investors turn to gold, equities as election remains impossible to call
Cryptocurrencies are gaining traction as a diversification tool, especially among younger investor demographics who are keen on digital assets
Abu Dhabi Securities Exchange
Dubai real estate supply; Emirates named ‘World’s Best Airline’; $100m startup boost; Best Arab universities; Saudi expat job skill tests – 10 things you missed this week
Dubai real estate supply, ‘World’s Best Airline’, $100m startup boost, Saudi expat job skills and more of the top news stories this week
Boris Johnson
EXCLUSIVE: Boris Johnson ‘uncomfortable’ with ‘pain and suffering’ caused by Israel
Reiterated that ‘Palestinian state is the only solution’ to the ongoing conflict
Cryptocurrency
US elections 2024: Gold rallies, crypto dips as markets price in Trump victory before rate cuts
Gold ETFs post strong rally, marking the longest winning streak since July, and adding an estimated whopping 157,117 troy ounces of gold in the last trading session alone
Boris Johnson
EXCLUSIVE: Boris Johnson on Trump as President, millionaires fleeing the UK, and a return to Number 10
The former PM also repeatedly praised the UAE and its leadership throughout his exclusive interview with Arabian Business
geopolitical conflicts
Israel-Iran war would be ‘catastrophic’ and ‘devastating’ for Pakistan, says ambassador
The ambassador also called for peace and stability in the region
geopolitical tensions
Lebanon-Israel conflict: Investors urged to stay calm as oil prices surge amid Middle East geopolitical tensions
While short-term volatility is likely, the long-term outlook for oil prices remains subject to a wide range of influences beyond the current Middle East crisis, experts say
Beirut
‘We don’t want Lebanon to be the second Gaza’: UAE-based expats fear for homeland amid escalating Israel tensions
Anxiety and guilt torment UAE’s Lebanese residents amid homeland’s turmoil
geopolitical conflicts
Oil prices rise as Middle East conflict fuels supply disruption fears
Brent crude futures increased 0.87 percent to $74.54 a barrel, while the US West Texas Intermediate crude futures gained 1.03 percent to $70.82 a barrel
Antonio Guterres
Israel brands UN chief Guterres ‘undesirable,’ bans him from entering the country
The decision stems from Guterres’ response to Iran’s missile attacks on Israel
geopolitical tensions
ANALYSIS: Iran’s attack on Israel – A symbolic message or major escalation?
The coming days will be critical in determining whether this attack marks a new phase in the long-standing Iran-Israel conflict or if diplomatic efforts can succeed in preventing further escalation
Aviation
Panic as Lebanese expats race to book flights for family out of Beirut amid escalating Lebanon-Israel conflict
As most airlines suspend flights to and from Beirut, tickets on Lebanon’s national carrier MEA – the sole remaining operator – are sold out for weeks, stranding many seeking escape
geopolitical tensions
Iran fires 200 missiles into Israel
Israeli military reports missile attack from Iran
geopolitical tensions
UAE directs $100mn urgent aid to Lebanon amid Israeli strikes
The relief package aims to support the Lebanese people amid the nation’s current challenges