The United Arab Emirates is one of the world’s richest countries, blessed with extraordinary access to the kind of fossil fuels that the globe depends on. The rush to develop the oceans of oil and gas this smallish desert country sits on has transformed it from an isolated sultanate to a major player in an increasingly integrated world on the hunt for greater and more reliable access to energy.
The challenges of sudden wealth and success are not to be dismissed, and UAE officialdom is working to find ways to leverage its comparatively recent role as one of the planet’s economic leaders into longer-term leadership. The country has sought to invest more and more abroad, with many of its investments focused on the energy sector, a natural focus for a country where the wealth flows from the world’s hunger for energy commodities. Keep reading →