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Week In Review

UAE most likely to postpone Expo 2020

According to the AFP, the United Arab Emirates (UAE) requested the Paris-based Bureau International des Expositions to postpone by one year its multi-billion-dollar exposition event scheduled to be held in October 2020.

The US surrogate (UAE) has invested billions over the past decade to prepare for Expo 2020. Its postponement is surely going to create a lot of layoffs and business closures.

With the oil prices at their lowest and the geopolitical tide in the region turning against the US and its allies, Expo 2020 postponement may be another economic blow to the US presence in the region. (Courtesy: AFP)

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