What role is Jordan playing in Syria's reconstruction? As Syria’s southern neighbor, Jordan is already positioning itself as a logistics hub and diplomatic broker for Syria’s reconstruction. Syria
Saudi PIF eyes $27B Japan portfolio as kingdom courts Asian investment Saudi Arabia is strengthening economic ties with Asian countries as it pursues its economic transformation goals. By Jack Dutton In Bristol, reporting on regional business, climate change, AI, tech
Saudi Arabia opens Nomu Parallel Market to new investors: What to know Easing investing rules and deepening capital markets to diversify the Saudi economy are key to fulfilling Vision 2030. Saudi Arabia
UAE showcases global AI ambitions with $1B Africa pledge at G20 The Gulf country is the world's top investor in Africa, with Emirati companies committing $100 billion to projects on the continent between 2019 and 2023, according to data from the Financial Times. United Arab Emirates
UAE Central Bank revokes license of Russia's MTS Bank as sanctions tighten The Central Bank of the UAE plans to close the Russian bank’s operations within six months from the date of the decision. Legacy: Gulf
UAE, Qatar lead Middle East in 2023 global foreign investment ranking The United Arab Emirates sat in the top position among MENA markets and ranked 4th globally. Legacy: Gulf
UAE’s ‘Second Salary’ savings plan offers its expat majority passive income The savings plan is the first step in establishing a long-term retirement plan structure by the savings and investment company, amid low rates of retirement savings in the region. Legacy: Gulf
Saudi National Bank chairman resigns after Credit Suisse loss Current CEO Saeed Mohammed Al Ghamdi will take over as the new chairman on March 27, with deputy CEO Talal Ahmed Al Khereiji filling his place. Legacy: Gulf
Israeli shekel, stocks rally as Netanyahu pauses judicial reform The right-wing Israeli government’s controversial judicial reform plans have divided Israeli society and led to concerns among the Israeli tech sector and global financial institutions. Israel
UAE, India to boost cooperation via digital currency The Emirati Central Bank has begun implementing its digital dirham strategy following a financial cooperation agreement with India and the UAE's cryptocurrency push. Legacy: Gulf
Saudi Arabia inks 14 deals at Jeddah Grand Prix in boost to sports industry The agreements were part of a comprehensive sponsorship program hosted by Invest Saudi, the kingdom’s investment promotion entity. The value of the deals was not disclosed. Legacy: Gulf
Analysis Jordan economic rating shows upswing, but problems remain Jordanians in the private sector are praising their government's ambitious economic strategies, but still see systemic inefficiencies as a barrier to making them a reality. By Salim A. Essaid
Oil sinks below $75 a barrel, lowest price in more than a year The news follows the Saudi National Bank declining to inject more money into the struggling Credit Suisse, as well as Silicon Valley Bank’s failure. Legacy: Gulf
UAE’s G42 buys $100 million share in China's ByteDance, parent of TikTok ByteDance, the parent company of TikTok, has seen its value fluctuate, predominantly due to investor uncertainty caused by a possible ban on TikTok in the United States. Legacy: Gulf
Saudi National Bank will not increase stake in Credit Suisse after shares drop Credit Suisse’s financial struggles follow the collapse of Silicon Valley Bank and could likewise have ramifications for the Middle East. Legacy: Gulf
Silicon Valley Bank collapse reverberates in Israel, Gulf Israeli startups had a lot of money in Silicon Valley Bank and may need the government’s help. Israel
