UAE. Commodity markets spent the week trying to recover from their dismal performances during May. Gold jumped the most in years only to tumble the most in two months after the Fed chairman in a testimony in Washington refrained from outlining any additional measures.
INTERNATIONAL. If Russia's "pivot to Asia" results in Moscow and Beijing trading oil between them in a currency other than the dollar, that will represent a major change in how the global economy operates and a marked loss of power for the U.S. and its allies."