halalmoney @halalmoney - 16d
"Oh, what a tangled web we weave, when first we practice to deceive!" (Sir Walter Scott, 1808) "Abu Dhabi has not officially taken a side on the Russia-Ukraine war, instead calling for peace and an end to the fighting. It has also refused to partake in Western sanctions against Russia, providing a safe haven for Russian oligarchs and expatriates fleeing both sanctions and mandatory conscription. Some 4,000 Russian businesses operate in the UAE, according to reports, and foreign direct investment between the two has steadily increased." "The UAE is also buffered by its mammoth business ties to the U.S. beyond just defense: Abu Dhabi is a rapidly growing hub for, and investor in, America’s largest AI and tech companies. Trump’s highly feted visit to the Gulf region in May saw a number of major deals signed with the UAE across sectors, while Abu Dhabi in March committed to a 10-year, $1.4 trillion investment framework in the U.S." CNBC
