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How the Israel-Iran escalation could impact the UAE’s economic prospects
While higher oil prices will boost revenues, non-oil growth and investments could be impacted
THIS MORNING: G7 summit kicks off against the backdrop of escalating Middle East tensions
Plus: Dubai to implement flexible working for government employees this summer
Abu Dhabi’s SCFEA awards three Adnoc-led production concessions
The agreements cover both onshore and offshore blocks across the emirate
THIS MORNING: Israel strikes Iran in biggest attack on the country since Iraq war + President heads to G7 summit this Sunday
Plus: Sidara’s Wood takeover deadline was extended to the end of June
More details on the potential USD 5.1 bn UAE-India grid link
Saudi is getting one too
THIS MORNING: Pakistani PM arrives in the UAE + MGX to invest in OpenAI’s upcoming funding round?
AND- EU moves to delist UAE from money laundering blacklist
Adnoc Gas’ Rich Gas Development project kicks off
The company plans to take final investment decisions on two further phases.
DFM introduces new rules for margin trading + ADGM expects continued growth in registered firms
Plus: Prypco Mint rolls out second tokenized property
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