"The UAE's dedication to innovation and international partnerships as vital to enhancing its position on the global economic stage, bolstering the national economy," he adds, observing significant strides in diversifying the economy beyond oil through investments in tourism, technology, renewable energy, and financial services.
Marketwatch: Demand may pick up as China reopens
Supply of diesel to Europe from the US and the emerging refinery hub in the Middle East may make up some of the missing barrels from Russia, but a shortfall seems likely, not least considering the prospect for a strong recovery in China leading to lower export quotas, he adds.Commodities face a challenging first quarter
We have strong doubts about the recession risk to the US economy and see demand from some of the world’s largest consumer underpin the price during a year where supply will continue to be managed by OPEC+ and US producers inability or unwillingness to ramp up production, he adds.
OPEC-forced rally in crude oil strengthens markets
The fear of the global organizations such as International Energy Agency that the OPEC+ decision would increase energy security risks worldwide, leading to higher prices and volatility, and potentially ending up being the tipping point for a global economy was proved wrong, he adds.
Commodities drop amidst darkening growth outlook
In addition, demand in China continues to linger after the IEA said the world's largest importer of oil was heading for its biggest annual drop in demand in more than three decades. Meanwhile, the US walked back on its SPR refill stance by saying that it didn’t include a strike...
Cybersecurity – The rush to catch up with reality
The invasion of Ukraine was a major wake-up call globally for both governments and private firms. Small-to-medium businesses need to be cautious too as the number of cyberattacks against them has increased by 150 percent in past two years. It's time to bolster the cyber defenses, he adds.
Saxo Bank reveals a 200% spike in UAE female investors
Women now make up almost 12 percent of Saxo Bank’s active clients for the market
