Saudi SABIC sells $950M in overseas assets amid global chemicals slump The global chemicals industry is facing a slowdown due to high energy prices, stagnant economic growth, investment shifts and trade tensions. Saudi Arabia
Saudi Arabia awards record number of mining licenses in Vision 2030 push Riyadh estimates the country’s mineral resources to be worth $2.51 trillion. Saudi Arabia
Turkey, US push toward $100B trade goal as Bolat heads to Washington Bilateral trade between the United States and Turkey reached almost $43 billion in 2024, according to the US trade representative. Turkey
US-Gulf critical minerals ties deepen as Saudis strike rare earths deal The Nevada-based producer said the new joint venture will develop a refinery capable of processing raw materials from Saudi Arabia and abroad to supply manufacturing and defense industries in both countries. Saudi Arabia
US, UAE strike $1.8B critical mineral venture amid China tensions and Gulf rivalry United Arab Emirates
China deepens textile investments in Egypt's Suez Canal Zone The agreements will establish new textiles factories covering 238,000 square meters, which are expected to create more than 3,000 direct job opportunities. Egypt
Saudi, Chinese companies to develop giant aluminum industrial hub in Riyadh The new industrial base is set to cover 1.5 million square meters and will be developed in two phases, with the first expected to be completed in 30 months and create more than 1,800 jobs. Saudi Arabia
After China, Saudi industry minister visits Vietnam in eastward economic push Saudi Arabia’s Minister of Industry and Mineral Resources Bandar Alkhorayef met with a number of Vietnamese officials on Monday as the oil-rich Gulf kingdom looks east to diversify its economic alliances. Saudi Arabia
Saudi Arabia courts Chinese firms in mining investment drive Mining and Industry Minister Bandar Alkhorayef met with executives from more than 20 mining firms in Beijing on Thursday. Saudi Arabia
Saudi firm to pump $700M into economic zone developer in Africa The kingdom's Vision Invest will invest in pan-African developer Arise Integrated Industrial Platforms, which will use the funds to expand across the continent and develop green industrial ecosystems. Saudi Arabia
New US Navy chief vows major revamp after Mideast conflicts strain fleet Caudle’s swearing-in comes amid broader shakeups across the Navy as the Trump administration continues to dismiss top military brass. United States
Sudan restricts gold trade as currency falls: What to know The UAE, historically the largest importer of Sudanese gold, could be affected by the move, and Khartoum is seeking to reduce exports of the commodity to the Gulf state over a dispute related to the civil war. Sudan
Somaliland leader to visit Washington as US weighs recognition: What to know Somaliland, whose independence from Somalia remains unrecognized internationally, is reaching out to the Trump administration with strategic offers — including discussions about hosting displaced Gazans — to secure US recognition. United States
Somalia's FM visits Azerbaijan, talks energy cooperation: What we know Somalia and Azerbaijan agreed to strengthen cooperation in various fields during the Somali foreign minister’s visit to Baku. Somalia
Saudi mining licenses soar as kingdom hunts critical metals: What to know The Saudi government has cleared hurdles for the mining industry in its pursuit of critical materials. Saudi Arabia
Analysis UAE hedges against global economic volatility with EU trade agreement The UAE is doubling down on bilateral free trade agreements as it hedges against economic headwinds fueled by the United States' universal tariff policy. By Jennifer Gnana In Dubai, reporting on Gulf energy policy and politics
UAE's ADNOC eyes US acquisitions amid Trump's energy boom Close political ties between the UAE and the Trump administration are likely to bode well for Abu Dhabi-based firms looking to tap the American shale boom. United Arab Emirates
