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...The pair have other similarities: knowledge of the finest details of their operations and an intermingling of their corporations with their families as they groom the next generation....
...But at the same time, Saudi Arabia is making a concerted push into aviation and tourism to try to reduce its reliance on oil revenues....
...The commission is likely to propose a similar system for outbound investments to prevent companies avoiding export controls but setting up plants overseas....
...Both Saudi Arabia, the world’s top oil exporter, and the UAE, the Middle East’s dominant finance centre, are seeking to project themselves as key logistics and trade hubs between east and west....
...Peru’s transport minister Raúl Pérez-Reyes said his nation “is a sovereign country and establishes its international relations on that basis”....
...In response, Rosneft’s Sechin in March signed a deal with the Indian Oil Corporation, the country’s top refiner, to increase oil exports to India further and “diversify its blends”....
...The greater impact has come from the policy response: in many countries, smoking is now banned in workplaces, bars, restaurants and on public transport....
...State-owned Comac was established jointly with companies including Shanghai-listed Aluminum Corporation of China, China Baowu Steel Group and Sinochem Corporation....
...Wang’s strategic bet — that demand for green technologies would boom — has aligned neatly with Beijing’s efforts to eradicate pollution, cut dependence on foreign oil and, more recently under President Xi...
...To try and boost economic activity in the capital, Transport for London is running a trial that scraps peak fares on Fridays....
...To fund the package, corporation taxes will rise. The oil and gas windfall tax will raise about €2.8bn in 2023 and 2024 combined....
...In September, Tehran and Washington agreed to a prisoner swap, and the US unfroze $6bn of Iran’s oil money, which had been stuck in South Korea....
...All of these are made overseas, including some in China....
...As a result, universities have become more and more reliant on overseas students to raise revenue....
...The China National Offshore Oil Corporation’s budget increased 30 per cent from Rmb72bn to Rmb94bn over the same period....
...Belinda Tanoto is a 38-year-old graduate of Harvard Business School and the youngest daughter of an Indonesian palm oil billionaire....
...The Red Sea route normally accounts for 15 per cent of total global sea trade, including 8 per cent of grain, 12 per cent of seaborne oil and 8 per cent of seaborne liquid natural gas....
...Guyana’s government now has money for hospitals, housing, transport, flood management infrastructure and a sovereign wealth fund, which should bolster public finances....
...Even when Russia appears to be selling oil below the cap, for instance, to India, inflated transport costs allow Russian-affiliated companies, including oil traders, to capture some of the market arbitrage...
...Russia operates its Arctic ports; its state atomic corporation, Rosatom, grants foreign ships NSR traffic permits plus atomic icebreaker assistance....
...As a critical input with few substitutes, graphite is indispensable for decarbonising road transport through rapid EV adoption....
...and gas for refining, using our own supplies rather than shipping them in from overseas seems obviously sensible.”...
...It is using the tax revenues to fund measures to alleviate the impact of inflation, including subsidies for fuel and public transport....
...They complain of a rise in criminality and vermin, as well as the loss of amenities and a paucity of employment and public transport. Many want to be rehomed but do not qualify....
...Prime Minister Rishi Sunak committed to more oil and gas licensing....
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