Abu Dhabi is about to make a major change to its oil pricing, but experts say other big Gulf producers might be slow to follow.
The greening of the American oil industry has gone into overdrive.
Taimur Khan of Knight Frank discusses activity in Dubai's real estate market. He says prices may need to correct further in the primary market for residential property.
Gulf states will not need to borrow as much as they did last year as their fiscal positions will likely improve due in part to oil prices, analysts told CNBC.
One analyst said the People's Bank of China's involvement in the project hints at its long-term intentions to internationalize the yuan.
The prediction comes even as the UAE and other Gulf states, namely Saudi Arabia, are pouring money into developing their own indigenous defense industries.
Iran set a deadline of Feb. 21, vowing that if oil and banking sanctions are not lifted, it will expel the U.N.'s nuclear inspectors from the country.
Hussain Sajwani of Damac Properties says resale prices in Dubai can be 10% cheaper than new developments as the economy recovers from Covid-19. He says prices are likely to remain "soft" in 2021 and 2022, but the city will likely come out of the crisis stronger.
Dubai's real estate market has made a "hard landing" but lower prices may be a good time for investors looking to buy, said Hussain Sajwani, Damac chairman.
Sri Lanka is allowing international travelers to move within organized "bio bubbles" that keep tourists and locals apart for the first two weeks.
What began as a pitch for investment to global firms has just become something much more aggressive.
DP World has launched a vaccine logistics alliance with Emirates and Dubai Airports to speed up the distribution of Covid-19 vaccines around the world.
CEO of UAE-based district cooling developer Tabreed, Bader Al Lamki, breaks down the company's latest earnings numbers, which saw net income and group revenue increase in 2020.
A Chinese spacecraft went into orbit around Mars on Wednesday in an expedition to land a rover on the surface and scout for signs of ancient life. Authorities announced the landmark step in the country's most ambitious deep-space mission yet.
The Emirates Mars mission, named the Hope probe, has made the UAE the first Arab country and the fifth globally to reach the red planet.
The Dubai Health Authority defends its pandemic response strategy after a recent run-up in cases.
“What has happened in Dubai did not need to happen,” an immunology professor told CNBC. “They have brought the virus in.”
Mudassir Sheikha of Careem discusses the company's 0% commission model for food delivery. He says this business model of paying a fixed monthly fee will work for all stakeholders, including restaurants.
Recovery will be varied and based largely on countries' investments and strategies for vaccine distribution, the IMF's Jihad Azour told CNBC.
Christopher Payne of Peninsula Real Estate says Dubai's tighter Covid measures are not a "hugely significant move," but send a signal that residents need to be careful. He also says the UAE is not a "super-spreader country" as some nations seem to be suggesting.