Khaldoon Mubarak told an investor conference that sovereign funds had an opportunity to transform from asset investors to enablers of global progress
The expansion may not be the last for Qatar as appraisals of the Gulf state’s gas reservoirs would continue and production might be expanded further
A growing number of wealth managers in Asia are setting up offices in Dubai to capitalise on the city’s interconnectedness
The quake struck at sea some 66 kilometres east of the municipality of Sarangani, Davao Occidental
Since 1975, SFD has funded more than 700 development projects worth $18.7bn in over 90 countries around the world
Rice contributes as much as 60 per cent of total calorie intake for people in parts of Southeast Asia and Africa
The carrier continues to scale up its A380 operations with the reintroduction of the aircraft across its network
Prices for US customers were left unchanged
Saudi Aramco increased most of its prices for crude that will be shipped to its main market of Asia in March
The emirate closed in on its pre-pandemic visitor figures of 16.73 million recorded in 2019
High-interest rates and a strong dollar have hit demand in the US, Europe and China
The Japanese firm has received in-principle approvals from the Monetary Authority of Singapore and Dubai Financial Services Authority to set up a branch in the Middle East
Tim Clark said Emirates flights to Asian destinations that have already reopened are essentially full
The asset manager has been expanding holdings from the US to Asia as it seeks to reach assets of about $100bn
Since peaking in March, gold prices have tumbled 18 per cent as the Federal Reserve’s rate hikes caused mass liquidation by financial investors
Saudi Arabia, Bahrain, Cyprus, Djibouti, Kuwait, Morocco, Nigeria, Oman, Pakistan, Jordan and Rwanda are member states of the organisation founded to drive collaboration in digital transformation
Oil has made a weak start to September, extending a run of three monthly losses
State producer Saudi Aramco increased its Arab Light grade for next month’s shipments to Asia to $9.80 a barrel
Share sales globally plummeted some 70 per cent from a year ago in the first half, to levels not seen in almost two decades
Saudi Arabia sends more than 60 per cent of its crude exports to Asia
Saudi Arabia sends more than 60 per cent of its crude exports to Asia, with China, Japan, South Korea and India being the biggest buyers
In the first three months of 2022, hotels across Dubai achieved average occupancy levels of 82 per cent
Crude prices have surged around 20 per cent this year
On Tuesday OPEC+ decided to increase production in February by 400,000 barrels a day
Crude has gained more than 60 per cent this year as the roll-out of Covid-19 vaccines lifted movement curbs and, subsequently, oil demand
The electricity crisis is roiling energy markets from Europe to Asia
Asia is set to send excess diesel supplies to Europe and possibly to the US as the delta variant dents demand
The appetite for liquefied natural gas is expected to grow by 3.4 per cent a year through 2035, outpacing other fossil fuels
West Texas Intermediate was slightly higher after slumping 3.6 per cent on Monday
GlobalFoundries is prepping a US initial public offering that could value the chipmaker at $30bn