Brazil signs $12.65 billion in deals with UAE, China amid struggling economy 

Brazil signed agreements worth $2.53 billion with the UAE and $10.12 billion with China. 

Legacy: Gulf

Agriculture, mining and industry offer clearest path for Algeria's economic diversification

In a bid to diversify its economic revenue sources, Algeria has been attempting to raise domestic and foreign investment in non-energy sectors.

Francisco Serrano

In Lisbon, reporting on North Africa business

UAE's advanced logistics industry makes it well placed to export to Africa

The CEO of the UAE Trade Center said that the Emirates was a good trading partner for countries like Kenya and Ghana.

Legacy: Gulf

Qatar’s takeover of Manchester United unlikely as Glazers plan to stay put: report

An ESPN report suggests that current owners may want to hold onto the club and try and double its value.

Legacy: Gulf

Saudi Arabia boosts sovereign fund with 4% Aramco transfer

Saudi Arabia’s Crown Prince Mohammed bin Salman announced the completion of a 4% transfer of Saudi Aramco shares on Sunday from state ownership to Sanabil Investments. 

Legacy: Gulf

Israel in budget deficit in another fallout post Moody’s downgrade

The credit rating agency downgraded Israel’s credit outlook due to the judicial reform controversy in the country.

Israel

Airlines suspend Sudan flights after Saudi plane hit by gunfire

A number of Middle Eastern airlines have banned flights after the power struggle between the Sudanese army and a rival paramilitary group turned deadly on Saturday.

Legacy: Gulf

Analysis

Why is trade between Algeria and Spain still at a standstill?

Since last June, the two countries have severed business and trade relations over Spain's support of Morocco's claim to the contested Western Sahara.

By Jack Dutton

In Bristol, reporting on regional business, climate change, AI, tech

Oil flow from Iraqi Kurdistan to Turkey remains stopped, threatening sector

Oil flows to Turkey remain frozen following the agreement between Iraq and the Kurdistan Regional Government. The impasse could hurt the autonomous region’s oil sector and revenue.

Turkey

Saudi Arabia opens four special economic zones with eye on foreign investment

The special economic zones offer incentives such as competitive corporate tax rates, 100% ownership of companies and flexibility in employing foreign labor.

Legacy: Gulf

Breaking | Last Updated: April 14, 2023, 8:33 pm

Moody’s downgrades Israel’s credit outlook

Despite calls by Prime Minister Benjamin Netanyahu and President Isaac Herzog, Moody's has changed Israel's credit outlook from "positive" to "stable."

Israel

From fields to clouds: the Middle East's bid for the digital economy

In recent years, the Middle East has made efforts to capitalize on the massive long-term upside of the digital economy. This new Pro Trend Report takes a deep dive into those efforts and if they'll pay off.