Chinese independent refiners are increasingly purchasing crude oil from the Middle East and Africa as Iranian oil becomes scarcer and pricier due to expanding US sanctions. A significant processor has acquired around 10 million barrels from Abu Dhabi and Qatar, with shipments scheduled for December and January, effectively addressing a backlog of unsold crude.
The United Arab Emirates is considering a pollution-charging mechanism to enhance its leadership in climate change initiatives. Proposed by Abu Dhabi’s Environment Agency, this system aims to incentivize companies to reduce greenhouse gas emissions, according to Eva Torreblanca, a director in the agency’s policy and planning division.
The United Arab Emirates has seen its stock market soar past $1 trillion in value since the pandemic, but this growth is largely influenced by the royal family. Companies associated with Sheikh Tahnoon bin Zayed Al Nahyan dominate the market, accounting for at least two-thirds of the benchmark index"s weighting.
The combined value of stocks listed in the United Arab Emirates has surpassed $1 trillion for the first time, driven by a surge in firms linked to an Abu Dhabi royal, which account for over a third of this total. This growth positions the UAE market, encompassing exchanges in Dubai and Abu Dhabi, ahead of Milan and Madrid, although it remains smaller than Saudi Arabia's nearly $3 trillion bourse. The UAE now ranks larger than most emerging markets, except for a few like India and China.
Seems like the connection with the server has been lost. It can be due to poor or broken network. Please hang on while we're trying to reconnect...
Oh snap! Failed to reconnect with the server. This is typically caused by a longer network outage, or if the server has been taken down. You can try to reconnect, but if that does not work, you need to reload the page.
Oh man! The server rejected the attempt to reconnect. The only option now is to reload the page, but be prepared that it won't work, since this is typically caused by a failure on the server.
