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The Crown Prince of UAE met Israel’s Prime Minister

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The Crown Prince of UAE met Israel's Prime Minister

The Crown Prince of UAE met Israel’s Prime Minister in Abu Dhabi. The Prime Minister of Israel came to UAE on a historical visit.

Naftali Bennet, the Prime Minister of Israel, visited the UAE on Monday. This is the first time a leader of Israel came to the country. Almost an year ago, both the countries made ties between them. And now, the two leaders met at Abu Dhabi on Monday.

The Crown Prince received Naftali Bennet

Israel is taking part in various international nuclear talks. The visit of Naftali is also a reason behind this. His hihgness Sheikh Mohammed bin Zayed Al Nahyan received Naftali at his place. Both the leaders greeted each other and then moved inside for talks.

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Naftali visited the United Arab Emirates after 15 months of the diplomatic ties between both the countries. He arrived on Sunday and his visit will be focused on trade links.

The Crown Prince of UAE met Israel’s Prime Minister and discussed various steps that can improve their ties. Also, they talked about improving the quality of living of the people.

New reality

According to the spokesperson of Naftali, this visit of him reflects the new reality of both the nations for the Middle East. He said that they are working together for the better lives of the future generations.

This meeting was undoubtedly a step towards the better future of the people of both the countries. Also, it is a great time for UAE as it is the first time a Jewish state’s leader has visited the country.

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Business

Poll predicts that the Gulf economies will grow faster in 2022

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Gulf Cooperation Council

In the UAE, Saudi Arabia, and Oman, inflation was expected to remain the lowest.

According to a Poll predicts Reuters poll of economists, the economies of the six-member Gulf Cooperation Council will grow at their fastest rates in several years, though the risk to that outlook is skewed to the downside.

Crude oil prices, a major driver for Gulf economies, rose to their highest level since 2014 on Wednesday. Owing to escalating global political tensions involving major producers, which could exacerbate already tight supplies.

That is good news Poll predicts for the region’s six wealthy oil-exporting countries. According to a January 11-19 poll of 25 economists. All six Gulf Cooperation Council economies will grow faster this year than was predict three months ago.

Saudi Arabia was predict to top the list with 5.7 percent growth, followed by Kuwait and the UAE with 5.3 percent and 4.8 percent growth, respectively.

Saudi Arabia

Saudi Arabia

Qatar, Oman, and Bahrain are expect to grow at 3-4 percent per year through 2022. It would be the best thing these countries have seen in several years if realized. “Despite relatively tight fiscal policy and some external headwinds, we expect the GCC economies to see faster growth in 2022 as they build on last year’s progress,” Khatija Haque said.

“While the outlook for 2022 remains broadly positive, there is still a high level of uncertainty, particularly regarding the evolution of the coronavirus pandemic.” As the global economy struggles to deal with the prospect of persistent inflation, the region’s price outlook was modest but varied.

Inflation is expect to remain between 2.0% and 2.80% this year, with the UAE, Saudi Arabia. And Oman having the lowest readings at 2.0% and Qatar having the highest at 2.80%. Saudi Arabia, the world’s largest crude oil exporter. And the region’s economic and political powerhouse, will experience 5.7% economic growth this year. It would be the fastest growth since 2012 when oil averaged around $111 per barrel.

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Business

Elon Musk’s reaction to Twitter’s new NFT feature

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Elon Musk

Elon Musk, a crypto enthusiast, sends a three-word tweet in response to Twitter’s new NFT feature.

Elon Musk’s reaction has stated that a new Twitter feature allows premium users to display their non-fungible token (NFT) acquisitions as their profile picture is irritating. Instead, the social media giant should focus its resources on removing crypto fraudsters from the platform.

Elon Musk’s reaction, a billionaire and long-time crypto enthusiast, expressed his displeasure with a new Twitter feature. That allows premium users to display their non-fungible token (NFT) remarked as their profile picture. Elon Musk commented on Twitter’s new feature for Twitter Blue users, saying, “this is annoying,” and attaching a screenshot of the announcement. Musk went on to say that the social media behemoth is not making good use of its resources.

In choice countries such as the US and Canada, Twitter launched a new feature last week that allows some users to display. Their NFT purchases a token representing blockchain purchases in the form of a hexagonal-shaped profile picture rather than the usual circle-shaped picture.

 

“Twitter is wasting engineering resources on this nonsense while crypto scammers throw a spambot block party in every thread!”

Musk wrote in a tweet last week, expanding on his point of view. Musk, a big supporter of cryptocurrencies in general, including the meme-based DogeCoin. Expressed his displeasure with the Web3 world, pointing out that resources should instead be spent avoiding crypto-related spam on social media.

Elon Musk response to Twitter

Elon Musk response to Twitter

To clarify, Tesla Inc and SpaceX CEO Elon Musk previously stated. That he would abide Bitcoin as payment for Tesla vehicles. Still, they later reversed his decision, citing environmental concerns about the crypto asset. However, later in December, he stated that Tesla would allow customers to purchase some merchandise using Dogecoin, another crypto asset.

“Elon is correct on this one. “Twitter’s product team needs to prioritize what’s important for user experience,” Adam Singer. A former Google VP of Marketing, said in a tweet supporting Musk. Others agreed with him, including Michael Saylor, CEO of another publicly-traded company in the United States, MicroStrategy. Who suggested that Twitter could solve the problem of scammers and spambots by allowing users to purchase a premium account.

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Business

Will Oil Prices touch triple Digits in 2022? If it reaches what will the effect on growing nations.

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Oil slipped towards $84 a barrel, the first weekly loss in about two months.

The Crude has been hovering around $88 per barrel since the last 2021 ending. Can we see Oil Prices touch triple digits in 2022? If it goes there, what will impact growing nations like India and all?

oil price per barrel near 88

Market sentiments in the oil market are upbeat. Demand may rise as omicron’s fear is getting lesser with time. Now the question is will we see oil prices touch triple digits in 2022.

Last year from November 2022, we have to see the Global benchmark brent crude jump by 25%. It is around $88 per barrel from November 2022. Market analysts suggest demand will grow. Omicron’s fear is getting lesser now, which will spark demand, and Oil prices may increase in 2022.

However, prices fell towards the end of the year as new variants emerged, and conditions were placed again in several nations to contain the Omicron variant’s spread. Prices began rising at the close of the year, gaining permission from the record highs achieved in financial market indicators. Gains were supported by the reopening of economizing and anticipated faster economic development in the near term.

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