Ziad Daoud

Apr 24, 2024 | bloomberg.com | Ziad Daoud

Nations awash in fossil fuel revenue are using investments not only to diversify their economies but to extend their influence abroadTo understand the scale of Gulf nations’ wealth, just consider this: If the United Arab Emirates sold its stash of foreign holdings, it could make every one of its roughly 1 million citizens a millionaire. Qataris would enjoy the same windfall.

Apr 24, 2024 | finance.yahoo.com | Ziad Daoud

(Bloomberg Markets) -- To understand the scale of Gulf nations’ wealth, just consider this: If the United Arab Emirates sold its stash of foreign holdings, it could make every one of its roughly 1 million citizens a millionaire. Qataris would enjoy the same windfall. Saudi Arabia, with its larger population, wouldn’t hit a million dollars per citizen, but the share allotted to each one would still be close to the average annual income in the US—a hefty sum.

Apr 24, 2024 | es-us.finanzas.yahoo.com | Ziad Daoud

(Bloomberg Markets) -- To understand the scale of Gulf nations’ wealth, just consider this: If the United Arab Emirates sold its stash of foreign holdings, it could make every one of its roughly 1 million citizens a millionaire. Qataris would enjoy the same windfall. Saudi Arabia, with its larger population, wouldn’t hit a million dollars per citizen, but the share allotted to each one would still be close to the average annual income in the US—a hefty sum.

Apr 18, 2024 | bloomberg.com | Ziad Daoud

Dubai, Kuwait and Riyadh turned away from the past to make way for modern skyscrapers, but UAE’s Sharjah takes a different tack. After the discovery of oil in the late 1930s, Riyadh and Kuwait City moved fast and broke things. Rows of concrete-and-glass buildings rose out of the desert, replacing traditional mud-brick architecture and suggesting a Middle Eastern twist on Las Vegas. Dubai followed the same model after its own oil discoveries in the ’60s.

Mar 16, 2024 | thebrunswicknews.com | Mirette Magdy |Ziad Daoud |Michael Gunn

On a clear winter's day earlier this year, those living on the vast Egyptian headland of Ras El-Hekma who looked up from the dun-colored scrub would have seen an aircraft circling the sky. Far above, locals were told, top United Arab Emirates officials were taking a special interest in one of the Mediterranean coast's last great wildernesses. Weeks later, on Feb.