United Arab Emirates

Lorenzo Simonelli was speaking to CNBC at the Gastech conference in Dubai, United Arab Emirates.

The news comes as a relief to many in the expatriate-majority desert sheikhdom of 10 million, of which at least 150,000 are British citizens.

Global gas prices have tripled this year alone, sending ripples through markets and raising concerns that prices of the commodity will only continue to rise. 

Three former U.S. intelligence and military operatives have admitted providing sophisticated hacking technology to the United Arab Emirates and agreed to pay nearly $1.7 million to resolve criminal charges.

Dubai’s new attraction, Ain Dubai, will be able to carry 1,750 people at a time when it opens on Oct. 21.

Visas are a core pillar of the UAE economy as nearly 90% of its population of 10 million are expatriates.

Tom Barrack, a private equity investor and close friend of ex-President Donald Trump, is accused of advancing the interests of the United Arab Emirates.

The comments are the first openly critical response from America’s Gulf Arab allies since the fall of Kabul on August 15.

The U.S. is coordinating with the Taliban as it works to evacuate tens of thousands of people out of Kabul’s airport ahead of the Aug. 31 deadline to withdraw.

President Joe Biden has previously said that he may consider extending the departure date past Aug. 31 but has yet to do so.

The Biden administration and NATO have placed the blame squarely on the Afghan national government for the stunning and swift Taliban takeover.

“While the end result and bloodletting once we left was never in doubt, the speed of collapse is unreal,” one Afghan War veteran told CNBC.

A growing number of people are reluctant to bring a child into a world that’s set to be ravaged by climate change in the coming decades.

Officials have warned of catastrophic violence in Afghanistan as the deadline approaches for all U.S. troops to withdraw by the end of August.

The White House is calling on OPEC+ to take action as surging gas prices prompt fears that rising inflation will derail the economic recovery.

The airline of the United Arab Emirates’ capital has been suffering losses for years.

The Pentagon has said it will maintain airstrikes in support of Afghan forces until all foreign forces exit the country.

Competition between the two major Arab economies “is bound to intensify in the days to come,” one Gulf academic told CNBC.

A tech entrepreneur is investing in a digital news start-up run by veteran D.C. journalists.

The national security-related charges against Tom Barrack have all the hallmarks of a case where classified material could become relevant.