Saudi Arabia and the United Arab Emirates (UAE) have jointly pledged $6 billion to support the expansion of international trade and investment in Iraq, according to a report by the Iraqi News Agency.
Suhail Al Mazrouei emphasized the significant contribution of regulating the local energy market to the UAE’s sustainable development.
The UAE and Saudi Arabia are set to lead the Middle East’s growth in AI spending, with the highest rate in the world.
The United Arab Emirates (UAE) experienced significant economic growth in 2021, with a 7.6% expansion, twice as much as the previous year. The country’s rebound from the COVID-19 pandemic was supported by higher energy prices, which stimulated economic growth across the Gulf region’s oil exporters. However, economic slowdown is expected this year, given the uncertain […]