Interview Franco-Gulf investment holds firm despite Iran war, French official says French investors are reallocating capital toward strategic sectors such as artificial intelligence and technology rather than pulling out of the region altogether. Axel Baroux France’s trade and investment commissioner for the UAE and Middle East
Who is Fahd Al-Dosari, Saudi Arabia’s new ambassador to Lebanon? Ambassador Fahd bin Abdulrahman bin Hathloul Al-Dosari, a seasoned diplomat, arrives in Beirut as Saudi Arabia seeks to strengthen its ties with Lebanon. Lebanon
Gulf cautiously welcomes US-Iran deal as Hezbollah congratulates Tehran Arab and regional countries welcomed the deal to end the war between Iran and the United States. Iran
Analysis Gulf aluminum pursues global deals as Hormuz crisis accelerates shift Gulf aluminum exporters are targeting global deals amid fallout from the US-Israel-Iran war, which has pushed prices to multiyear highs in early June. By Samuel Wendel In Washington, DC, reporting on regional business and tech
Analysis Why Iran strikes on Kuwait pose dilemma for US Navy’s blockade By Jared Szuba In Washington, DC, reporting on defense, national security, military
Analysis 2023 in review: The year Saudi Arabia became sports superpower The kingdom has been laying the groundwork to become a sporting leader for decades, but this year marked a turning point as investment ramped up. By Jack Dutton In Bristol, reporting on regional business, climate change, AI, tech
Saudi PIF ups investment in China’s Alibaba-backed tech fund eWTP Arabia Capital invests in energy and technology start-ups across the Middle East, North Africa and Asia. Saudi Arabia
Kuwait, Qatar, UAE telecoms merge assets into $2.2B tower company Three Gulf companies will create a new entity, which has not yet been publicly named, combining around 30,000 tower assets in Algeria, Iraq, Jordan, Kuwait, Qatar and Tunisia. Legacy: Gulf
Italy and Saudi Arabia in talks for major deals as ties grow under Meloni The government of Italian Prime Minister Giorgia Meloni, which came into power in October 2022, has been working to deepen ties with energy- and cash-rich states in the Middle East and North Africa. Saudi Arabia
Saudi Arabia to sign more than $500M in deals with African countries Saudi Investment Minister Khalid Al-Falih said the kingdom’s sovereign wealth fund, the Public Investment Fund, will make some “game changing” investments in Africa. Saudi Arabia
What the Gulf states new unified visa means for Saudi, UAE, other citizens The new Schengen-like visa — allowing seamless travel between members Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates — will be introduced during 2024-25. Legacy: Gulf
Saudi Arabia's oil cuts weigh heavy on economy, GDP tanks by 4.5% The kingdom's economy shrunk by the most since the COVID-19 pandemic in 2020 due to energy measures. Saudi Arabia
Italy's FM in Saudi Arabia to talk energy partnerships, investments as ties grow The far-right government of Italian Prime Minister Giorgia Meloni has worked to strengthen ties with Saudi Arabia and the United Arab Emirates. Saudi Arabia
Saudi Arabia projects $21 billion deficit as economy diversifies from oil The kingdom was among the world’s fastest-growing economies last year with almost 9% GDP growth after a petrodollar boom amid a global rise in energy prices due to inflation and the Ukraine war. Saudi Arabia
Pakistan, Gulf Cooperation Council sign 'preliminary' free trade agreement When the final trade deal comes into effect, it will likely be the GCC's first since 2009. Legacy: Gulf
Blinken defends Iran prisoner swap at meeting with Gulf counterparts The US secretary of state also touted the India-Middle East-Europe Economic Corridor, seen as competition to China’s Belt and Road Initiative, ahead of the discussion with Gulf Cooperation Council member states. Legacy: Gulf
UAE trade offensive continues, this time with New Zealand deal The UAE is looking to secure its sixth trade agreement of the year as it increases its non-oil trade globally, with intentions to reach $1.09 billion by 2031. United Arab Emirates