2min chapter

Behind the Money cover image

How Dubai is reshaping the global oil trade

Behind the Money

CHAPTER

The Importance of Political Neutrality in the UAE

The UAE has laid the groundwork to make itself an attractive business environment for foreign expats. But only about 10% of that oil was actually ending up in the UAE. The vast majority never actually touches Emirati's soil, and said it's traded by traders on computer screens or telephones. Some Russian ports directly to new buyers in Asia, Africa and South America.

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