UAE: The time is now

As one of the world's top 10 oil and gas producers, the UAE enjoys one tenth of global reserves, but the new reality of USD 50 a barrel has not left the Gulf petro-state entirely unscathed. With a Federal Cabinet reshuffle and the appointment of a new CEO for the Abu Dhabi National Oil Company (ADNOC), who unveiled a plan outlining transformative reform, it is clear that the UAE is seizing the opportunity of the oil price crash to thoroughly revamp itself.

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