The United Arab Emirates is setting its sights on building a domestic defense industry as arms spending is set to soar throughout the Middle East.
OPEC members, along with several non-OPEC countries like Russia, in December agreed on output cuts totaling 1.2 million barrels per day.
The CEO of Abu Dhabi Ports says the company remains "good allies of all countries" as it embarks on a new agreement that will see its flagship port become a hub in China's wide-reaching belt and road initiative.
The "worst is over" for the crude oil market, which had lost over a quarter of its value since early October, renowned energy trader Mark Fisher says.
U.S. oil prices are in a "ferocious" bear market, and crude could fall to as low as $40 per barrel, CNBC's Jim Cramer says.
An Emirates spokeswoman denied the rumor that Emirates was seeking to take over Etihad to create the world's largest airline.
One year ago, Robert Mueller was appointed as special counsel to take over the Justice Department's investigation into possible coordination between Russia and Donald Trump's 2016 presidential campaign.
United Arab Emirates Energy Minister Suhail bin Mohammed al-Mazroui, however, said he is worried about the level of oil investment in 2019 and 2020.
Opportunities in the education sector are growing due to an expanding expatriate community in the Middle East, said Abu Dhabi-based tycoon Bavaguthu Raghuram Shetty.
The dispute between Abu Dhabi-based investment fund Goldilocks Investment and Hong-Kong based commodity trader Noble Group shows no signs of ending soon but one fund manager at Goldilocks said he hoped for a resolution.
Instability has always existed in the Middle East, and won't disrupt Abu Dhabi's growth, said Mubadala CEO Khaldoon Al Mubarak.
Saudi authorities are striking deals with some of those detained in an anti-corruption crackdown, asking for assets and cash in return for their freedom.
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