The tension had been building for some hours in New York City, but when the deal finally came it was well worth the wait. The provisional agreement that was announced just before midnight could well turn out to be the tipping point in the global quest for renewable energy.
I don’t know much about art, but I know what I like. And I like Art Dubai.
The event, now in its 12th year, has become the biggest art fair in the Middle East, rivaling the major art festivals in Asia.
So what was all the fuss about? It looks as though Saudi Arabia is doing rather well in attracting money from the rest of the world, and even that the pace of foreign investment in the Kingdom has picked up since the anti-corruption drive last year.
There was plenty of time on the 16 hour return Emirates flight from Houston to Dubai to cogitate on the events of CERAWeek by IHS Markit in the Texan oil capital last week. Here are my six key takeaways from the 2018 version of the “oil man’s Davos.”
Return to your seats and keep your seatbelt fastened. Relations between the American and UAE airlines are about to hit another period of bumpiness and, with Donald Trump in the White House, who knows how they will emerge from the next bout of open skies confrontation.
The concert goers might see a virtuoso performer, but the economists see the multiplier effect. Investment in the entertainment industry produces broader macro-economic benefits that will add to living standards across Saudi Arabia, and in the process improve quality of life in the Kingdom.
The opening salvos of a full-blown global trade war are rumbling closer by the day, and indeed may already have been fired with the decision by US authorities to consider big tariffs on aluminum and steel imports.
If Saudi Aramco had been listed on the New York Stock Exchange on Monday at its officially estimated market value of $2 trillion, it would have lost nearly $100 billion in value between the opening and closing bells.