The push to transition from fossil fuels to renewables for power generation has been motivated largely by environmental concerns. But today, dollars and cents are increasingly supporting the transformation drive, as renewable-energy sources become much more cost-effective, even outmatching fossil fuels in value per dollar. Forecasts predict that new power generation through renewables—especially solar, wind, hydroelectric—will soon outstrip fossil fuels, attracting growing interest from governments, banks and investors.
United Arab Emirates
The Middle East, in which numerous ancient civilizations and religions were born, is guaranteed to provide unlimited sight-seeing opportunities for lucky travellers. Fortunately, there are a number of luxury boutique hotels with all of the modern comforts to enjoy while visiting this history-soaked region—in fact, they are destinations in themselves! Take a peek inside some of the Cradle of Civilization’s classiest accommodations before making your choice.
Abu Dhabi, capital of the UAE, is rich in oil but suffers from underuse of its own human resources. Abu Dhabi’s commitment to rebalancing away from oil will be underpinned by improvements in financial education, exemplified by a new academy launched by Abu Dhabi Global Market in partnership with the London Institute of Banking & Finance.
Qatar is easily the richest country in the world on a per capita basis. According to a study released in March by Global Finance Magazine that used data from the International Monetary Fund (IMF)