Simeon Kerr and Andrew England, Financial Times |
Photo by Kamil Rogalinski on Unsplash
For a decade, the United Arab Emirates has been a muscular regional actor in the Arab world, deploying its petrodollar wealth and military power to bolster allies and weaken foes. But after the coronavirus pandemic hit the Gulf state’s economy and underscored its linkages to global trade, its focus was shifting from robust intervention, including militarily, to economic diplomacy. As a result, Emirati diplomats and embassies are being judged more heavily on their ability to attract investment to the oil-dependent nation. “We thought about what is best for the UAE, ” a senior UAE official told the Financial Times. “There’s going to be a much bigger focus on the economy.”
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