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Gulf Arab Region

UAE president forms new Abu Dhabi Supreme Council

 United Arab Emirates (UAE) President Sheikh Khalifa bin Zayed, in his capacity as the ruler of Abu Dhabi, on Sunday established a Supreme Council for Financial and Economic Affairs that will also oversee matters relating to petroleum and natural resources. The current Supreme...

Dubai cuts 2021 budget as pandemic impacts economy

Dubai said Sunday it expects to cut its budget to $15.5 billion in 2021 after its economy was impacted by a plunge in tourism and other sectors amid the novel coronavirus pandemic. The emirate, one of the seven that make up the United Arab Emirates, had posted a record $18.1 billion budget...