United Arab Emirates
Trump heads to the Middle East with oil, trade and nuclear ambitions on the table
US President Donald Trump (R) and Saudi Deputy Crown Prince Mohammad bin Salman al-Saud take part in a bilateral meeting at a hotel in Riyadh on May 20, 2017. Mandel Ngan | AFP | Getty Images DUBAI, United Arab Emirates — U.S. President Donald Trump will touch down in the Persian Gulf region – or […]
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Tether eyes U.S. expansion with new stablecoin as CEO courts Washington crypto players
DUBAI, United Arab Emirates — Tether, the world’s largest stablecoin issuer, is preparing to launch a U.S.-based stablecoin as soon as this year, as its CEO ramps up his presence in Washington to shape crypto regulation. In an interview with CNBC this week, Tether CEO Paolo Ardoino revealed that the company is working on plans […]
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Eric Trump: ‘If banks don’t watch what’s coming, they’ll be extinct in ten years’
Key Points “The modern financial system is broken, it’s slow, it’s expensive,” Eric Trump told CNBC in the UAE. The executive vice president of the Trump Organization has made frequent visits to the desert sheikhdom in recent years as it rapidly becomes a global hub for cryptocurrency. A vocal advocate of digital currencies, the younger […]
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Chipotle to expand to Mexico amid Trump trade war with U.S. neighbor
Chipotle Mexican Grill logo is seen in Manhattan, New York, United States of America, on July 6th, 2024. Beata Zawrzel | Getty Images Chipotle Mexican Grill will open its first location in Mexico early next year as the latest stage in its international expansion. The company announced Monday that it has signed a development agreement […]
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Why Trump’s nuclear talks with Iran could be far more successful than Biden’s
This combination of pictures created on April 09, 2025 shows US Middle East envoy Steve Witkoff after a meeting with Russian officials at Diriyah Palace, in Riyadh, Saudi Arabia, on February 18, 2025 (L); and Iran’s Foreign Minister Abbas Araghchi speaking to AFP during an interview at the Iranian consulate in Jeddah on March 7, […]
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U.S. energy secretary says shale industry will ‘survive and thrive’ despite plunging crude prices
U.S. Secretary of Energy Chris Wright and U.S. Secretary of the Interior Doug Burgum speak with members of the media outside of the West Wing of the White House, in Washington, D.C., U.S., March 19, 2025. Kent Nishimura | Reuters ABU DHABI, United Arab Emirates — U.S. Energy Secretary Chris Wright said he is not […]
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Tesla launches in Saudi Arabia amid Chinese competition and tumbling sales
Tesla Cybertruck Courtesy: Tesla Tesla, Inc. is debuting sales in Saudi Arabia, the oil-rich kingdom whose long desert highways are home to gas-guzzling SUVs — and where there are no chargers to be found for hundreds of miles. The American electric vehicle maker is hoping that success in neighboring countries like the United Arab Emirates […]
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The oil-rich Gulf states are better-positioned to weather the tariff storm — but crashing crude prices could spell trouble
U.S. President Donald Trump with Mohammed bin Salman, crown prince of Saudi Arabia, at the start of the Group of 20 summit on 28 June 2019. Bernd von Jutrczenka | picture alliance | Getty Images DUBAI, United Arab Emirates — The wealthy Arab Gulf states are in a better position than many other regions of […]
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How to position amid widespread market volatility, according to BlackRock’s Ben Powell
BlackRock’s Ben Powell says he remains upbeat about a specific set of investment opportunities despite the global stock market sell-off continuing on Monday. Trillions of dollars have vanished from global markets as investors flee assets set to be hit hard by President Donald Trump’s sweeping tariff regime. While economists warn that the brewing trade war […]
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Why OPEC+ is accelerating oil production as prices are tanking and tariffs hammer markets
The Phillips 66 Company’s Los Angeles Refinery in California. Bing Guan | Reuters The oil price outlook is being hit with more bearish forecasts on the back of U.S. President Donald Trump’s sweeping and market-hammering tariff announcements. Businesses and investors worry that a trade war and lower global growth lies ahead. Goldman Sachs on Thursday […]
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