United Arab Emirates
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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The most powerful passports of 2025 — a new country tops the list
Ireland has the strongest passport in the world, according to the Nomad Passport Index 2025. It’s the first time that the northern European country has held the solo No. 1 spot in the annual ranking from Nomad Capitalist, a tax and immigration consultancy. Ireland did, however, come close in 2020, when it tied for the […]
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These 10 Asian markets offer high returns on short-term rentals — half top $40,000 a year
Short-term rentals in Hakuba, Japan on average, bring in over $60,000 annually, according to new data by AirDNA. Oscar Wong | Moment | Getty Images Starting a short-term rental business can be very lucrative if done correctly. One of the biggest initial hurdles is picking the right market to purchase a property, which can play […]
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Abu Dhabi’s ADQ and American private equity firm ECP make $25 billion bet on powering U.S. data centers
A car drives past a building of the Digital Reality Data Center in Ashburn, Virginia, U.S., March 17, 2025. Leah Millis | Reuters Sovereign wealth fund ADQ and American private equity firm Energy Capital Partners, or ECP, have signed a deal for a $25 billion investment partnership dedicated to increasing power generation, primarily in the […]
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Oil, dollars, and debt: How safe is the Middle East from the global trade war?
The Palm Jumeirah in Dubai, Dubai, United Arab Emirates Nikada | E+ | Getty Images The global trade war triggered by U.S. President Donald Trump shows no sign of abating, with tit-for-tat tariffs hammering major economies, tanking stock markets and dimming growth prospects. The economies concerned – North America, the European Union, and China – […]
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Binance secures ‘largest investment ever’ in crypto as Abu Dhabi’s MGX pledges $2 billion
The Binance logo is displayed on a screen in San Anselmo, California, June 6, 2023. Justin Sullivan | Getty Images Emirati state-owned investment firm MGX announced a $2 billion investment into Binance, in what marks the cryptocurrency exchange’s first institutional investment and the “single largest investment” ever paird in crypto. In a joint press release, the firms […]
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‘We felt at home’: Israeli weapons firms out in force at Abu Dhabi defense expo
Attendees at IDEX in Abu Dhabi visit the Israel pavilion during the Middle East’s largest defense expo on Feb. 18, 2025 Natasha Turak | CNBC ABU DHABI, United Arab Emirates – A record 34 Israeli companies exhibited at IDEX this week, the Middle East’s largest defense expo hosted biennially by Abu Dhabi. After fifteen months […]
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Elon Musk calls for the U.S. government to delete entire agencies: ‘Remove the roots of the weed’
Tesla and SpaceX CEO Elon Musk delivers remarks as he joins U.S. President Donald Trump during an executive order signing in the Oval Office at the White House on February 11, 2025 in Washington, DC. Andrew Harnik | Getty Images DUBAI, United Arab Emirates — The U.S. government needs to “delete entire agencies” in a […]
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Ray Dalio to the Trump administration: Cut debt now or face an ‘economic heart attack’
DUBAI, United Arab Emirates — Hedge fund titan Ray Dalio issued a fresh warning about the U.S. economy, warning of dire consequences if the Trump administration does not cut the country’s debt. “It’s like if I was a doctor and I was speaking with you about your condition, I would say to you, this is […]
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European markets expected to maintain positive momentum
LONDON — European stocks are expected to open higher Wednesday, continuing positive sentiment seen in global markets since the start of the week. The U.K.’s FTSE index is expected to open 7 points higher at 8,557, Germany’s DAX up 98 points at 21,140, France’s CAC 40 up 13 points at 7,786 and Italy’s FTSE MIB up […]
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