Can Gulf economies ride a wave of higher growth? Oil prices should help
The global, regional, and local economic landscapes are passing through significant transformations, which would eventually impact at multiple levels. It is crucial to analyze thes
Abu Dhabi’s Mubadala Energy confirms major gas discovery in Indonesia’s Layaran-1 Exploration well
Abu Dhabi’s Mubadala Energy has announced a significant gas discovery in Indonesia’s Layaran-1 Exploration well. The well is located in South Andaman, about 100 kilomet
World oil demand next year to rise faster than expected, IEA says
The International Energy Agency (IEA) predicts world oil demand will rise faster than expected in 2024, despite a commitment to transition away from fossil fuels. They revised thei
OPEC has stressed the need for adequate investments in the oil industry to ensure energy security
The Organization of the Petroleum Exporting Countries (OPEC) has stressed the need for adequate investments in the oil industry to ensure energy security. According to OPEC, the oi
The United Arab Emirates (UAE) has been rated as the world’s second most economically stable country
The United Arab Emirates (UAE) has been rated as the world’s second most economically stable country, according to the latest World Economic Forum (WEF) Global Competitivenes
Maktoum bin Mohammed announces Ministry of Finance Strategic Plan 2023-2026
The UAE Ministry of Finance has announced a four-year strategic plan that will serve as a roadmap to accelerate government performance through financial empowerment, innovation, fu
MEP Awards 2023: Shortlist Revealed
the shortlist for the MEP Awards 2023 has been revealed. The awards, which are organized by the Construction Business News Middle East (CBNME), recognize excellence in the mechanic
UAE: Income of Free Zone Businesses Subject to Zero Per Cent Tax, But With Conditions
The United Arab Emirates (UAE) has introduced a new corporate tax regime, which came into effect on 1 June 2023. The standard corporate tax rate is 9%, but businesses operating in