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Bloomberg News reposted this
#AbuDhabi has spent the past few years funneling oil revenue into building everything from splashy museums to new office towers. The pace of development is likely to keep up despite a recent slump in oil prices. That’s according to the head of the oil-rich city’s tourism and culture department, Mohamed Al Mubarak, who spoke to Bloomberg's Zainab Fattah as the emirate unveils its latest spectacle — a 17,000-square-meter digital art museum just a short car ride from Louvre Abu Dhabi. The comments are some of the first public statements from Abu Dhabi officials on the emirate’s response to falling oil prices. Wealthy Gulf countries have often been the world’s investors of last resort during times of economic turmoil, and the financial outlook for the region is closely watched globally. Read this #MideastMoney special here: https://lnkd.in/dBm4cZKF
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After a 2022 election dominated by climate change talk, the topic has taken a backseat ahead of this May’s poll. This week's Bloomberg Australia podcast takes a closer look at the major parties’ energy policies and what’s at stake. https://lnkd.in/eUR_XDwQ
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Donald Trump has been demanding a phone call with China in the hopes of striking a tariff deal. But China wants the US to adhere to certain terms before it engages in any negotiations. Rebecca Choong Wilkins explains: bloom.bg/4iro22e