Data from the UAE Central Bank indicate that the banking sector continues to play a vital role in supporting the country's economic development process. Bank investments in the UAE reached new record levels at the end of December 2023, reaching...
Saudi Arabia's oil output has been affected by recent attacks. The East-West Pipeline flow has also been impacted, disrupting the country's energy production and distribution.
The Strait of Hormuz has been shut down, and the CEO of ADNOC is calling for its reopening without conditions. This development has significant implications for the region's oil supply.
