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The UAE is on track to exit the Financial Action Task Force's "gray list" this week after a crackdown on illicit financial activities.

(Bloomberg) -- In a low-key second-floor office in the heart of Dubai’s bustling financial center, bankers working for Moelis & Co. are busier than ever — so much so that the firm has had to tear down walls to add desks for its expansion drive. Most Read from BloombergTrump Keeps NY Empire Intact as Judge Rescinds Asset-Sale OrderRecord US Stock Rally Is Under Threat From a World in TurmoilSystemic Risk Concerns Grow Among Money Managers as Real Estate Woes Cause TurmoilTop Investors Share the T

(Bloomberg) -- Abu Dhabi’s Masdar is exploring the possibility of taking a stake in renewable-energy assets owned by Iberdrola SA in the US, according to people familiar with the matter.Most Read from BloombergTrump Asks Supreme Court to Keep DC Election Trial on HoldMusk Says Putin Can’t Lose in Ukraine, Opposes Senate BillPentagon Chief Austin in Critical Care for Bladder IssueTrump Says There’s ‘No Way’ Taylor Swift Can Endorse BidenMasdar is interested in buying a share of existing Iberdrola

(Bloomberg) -- Last June, a rusting tanker named Sincere 02 picked up oil at an Iranian port and steamed across the Persian Gulf on its way to the United Arab Emirates.Most Read from BloombergA 99% Bond Wipeout Hands Hedge Funds a Harsh Lesson on ChinaUkraine’s Army Chief Replaced After Rift With ZelenskiyEpstein Contacted Staley for Years at Barclays Using Go-Between, Court Filings ClaimBonds Fall After $25 Billion Sale as Stocks Churn: Markets WrapEinhorn Says Markets ‘Fundamentally Broken’ By

Saudi Aramco has abandoned a plan to increase its oil output capacity, a huge reversal that will raise questions about the kingdom's view on future demand.