Abu Dhabi oil giant builds internal ‘investment bank’ to chase $50bn in globaldeals. The Abu Dhabi National Oil Company has amassed a nearly 50-strong team of dealmakers and is pursuing roughly $50 billion in transactions as part of a push todiversify its business and expand abroad. Adnoc, led since 2016 by Sultan al-Jaber, has quietly...
The Surge of Russian Investors in Dubai Real Estate. In recent years, Dubai’s real estate market has witnessed a significant surge in international investors, with Russian buyers taking the lead. The city’s attractive investment opportunities, coupled with geopolitical and economic factors, have made it a preferred safe haven for Russians seeking to diversify their portfolios....
Ten climate “solutions” that don’t help. Many shiny new “green” ideas do more to preserve fossil fuels than to replace it The world continues to face a major obstacle to addressing the climate crisis. Deliberate distraction with a proliferation of new whiz-bang technologies and ideas. Some are well-intentioned, some are strategic, and some are delusional....
UK sanctions entities in Turkey, the UAE, and Iran for their alleged role in the Ukraine war. Britain sanctioned more than two dozen targets Tuesday. Including firms and individuals in Turkey, the United Arab Emirates, and Iran. London described this as the “largest ever UK action” targeting Russia’s access to foreign military supplies for its...
An Oil-Rich Ally Tests Its Relationship With the U.S. The ruler of the United Arab Emirates, Sheikh Mohammed bin Zayed, is a key American ally who counts on the United States to defend his country. But he has traveled twice to Russia over the past year to meet with President Vladimir V. Putin, and in...
It’s estimated that the fashion industry is one of the world’s greatest polluters, responsible for about 20% of the planet’s waste water and around 10% of the world’s greenhouse gas emissions. The EU is setting out to change this – but is it a real possibility? Could fast fashion finally be running out of steam?...
When Matthew Hedges was imprisoned and tortured in the UAE, Britain was shamefully slow to act. The reason for this cowardice now seems clear: a web of sinister relationships between ministers, Conservative donors and Gulf allies had left human rights an afterthought. Hedges’ ordeal showed the human cost of Britain’s craven policy with the UAE....
Parliamentary ombudsman says Matthew Hedges was let down by UK government during imprisonment. The UK’s parliamentary ombudsman has found that the Foreign Office “failed to notice signs of torture” when officials visited a British academic imprisoned in the United Arab Emirates. Matthew Hedges was convicted on spying charges by the UAE in 2018 after travelling to...
At the beginning of 2000s, as concerns about climate change grew, some of the biggest oil companies began to modify their climate change public relations strategies. Instead of denying the evidence to sow doubt, they decided to try and spin their actions in more of a positive light. To try and co-opt the debate. They learnt their...
After Russia launched its attack on Ukraine last year, Iran was one of a few countries to support Moscow’s position and goals. The two countries also shared a battlefield in Syria for years, helping prop up Bashar al Assad’s regime, with air strikes and boots on the ground. But that close partnership is being tested,...