Saudi Arabia poised to become the Gulf’s most competitive e-commerce market

The UAE has long been the Gulf’s most dynamic e-commerce market, a hub for industry players from Amazon to Uber. But Saudi Arabia’s digital economy is developing rapidly and could soon overshadow its smaller neighbor.

Samuel Wendel

In Washington, DC, reporting on regional business and tech

Israel gears up to begin natural gas exports to Europe

David Rosenberg

In Tel Aviv, reporting on business and tech

Egypt’s debt crisis impacts other African credits, Goldman Sachs warns

As bond yields rise in Egypt, so have yields for sovereign bonds for Angola, Kenya, Nigeria and Senegal.

Egypt

US, India, UAE, Israel announce creation of I2U2 joint business coalition

The new coalition will see officials and business councils from the four countries collaborate to attract private sector partners to the I2U2 initiative.

Legacy: Gulf

Qatar's Sheikh Jassim still confident in Manchester United takeover bid

The son of a former Qatari emir is reportedly still assured that his debt-free bid to take over the soccer club will succeed, despite an ESPN report suggesting that the current owners, the Glazer brothers, will now stay put.

Legacy: Gulf

Tunisia faces water cuts amid severe drought, public frustration

The drought-hit North African country is imposing water rationing at night for the first time in its fourth dry year, which may increase social tension as Tunisians struggle with high inflation and a weak economy.

Tunisia

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