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April 2024 Al-Monitor Trend Report 2,404 wordsMonths of scorching hot Mideast tensions sparked by the Gaza war finally boiled over into open attacks between Israel and Iran in April, giving shape to a long-feared eruption of a regional war that — alongside adding to the human toll — could deliver another jolt of economic pain locally and globally.
January 2023 Al-Monitor Trend Report 2,572 wordsHeading into 2023, Middle East economies were riding high after the region posted a 5.6% growth rate over the prior year, making it a global bright spot in a generally gloomy environment clouded by recession fears. A year later, the Middle East again stands out as an outlier but for the opposite reason, as the escalating Israel-Hamas war teeters on the brink of producing widespread economic pain.
December 2023 Al-Monitor Trend Report 2,247 words The curtain has closed at COP28 in Dubai after delivering a historic global agreement to “transition away” from fossil fuels, but the UAE continues pumping out dealmaking shaping the path to a post-oil future. On Dec. 18, Chinese electric vehicle maker Nio announced a $2.2 billion investment from Abu Dhabi-backed fund CYVN, the same day that Dubai-based decarbonization company Positive Zero revealed it could receive up to $400 million from BlackRock, the world’s largest asset manager.
November 2023 Al-Monitor Trend Report 2901 words As billion-dollar deals took flight during the Dubai Airshow in November 2023, a noticeable absence hovered over proceedings: exhibition stands for Israeli weapons makers Israel Aerospace Industries and Rafael stood empty and unstaffed at the start of the weeklong expo, Reuters reported Nov. 13.