Turkey's Simsek says economy will ride out Trump tariffs without lasting scars

Mehmet Simsek stressed that his government’s economic program has made the economy more resilient against internal and external shocks, highlighting that inflation has fallen and continues to drop.

Turkey

OPEC+ members boost output as Trump tariffs bring down oil prices

The US president has been calling on Saudi Arabia and other top oil producers to boost production and bring down prices.

Saudi Arabia

How Trump's latest tariffs impact the Middle East

Gulf countries were relatively spared, with the US imposing only a 10% tariff, whereas other Middle Eastern nations are facing steeper trade penalties.

Saudi Arabia

Analysis

Can Gulf states slash costly reliance on Western consultancies?

A one-year ban on PwC acquiring work in Saudi Arabia has highlighted the Gulf states' dependency on Western firms and the need to develop local consultancies and talent.

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

Morocco's economic growth slows as drought, locusts deplete farmland

The North African country is grappling with a sixth year of drought, the longest in Morocco’s modern history.

Morocco

Analysis

Turkey turmoil tests Gulf investors as crackdown fuels market unease

Improved relations with Saudi Arabia and the United Arab Emirates had raised Ankara's hopes for a dealmaking boom, but the arrest of Istanbul's mayor could jeopardize it.

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

UAE, Qatar investments fuel Jared Kushner's firm assets to $4.8 billion

Commitments from Abu Dhabi–based asset manager Lunate and the Qatar Investment Authority, the sovereign wealth fund, increased Affinity’s assets by $1.5 billion over a year.

United Arab Emirates

Gulf markets dip after Trump announces 25% automotive tariffs

Donald Trump announced on Wednesday 25% tariffs on imported cars and light trucks entering the United States, set to take effect on April 2, further fueling the ongoing trade war and contributing to market volatility.

Saudi Arabia

Tesla to launch in Saudi Arabia next month as Musk-PIF tension cools

Tesla said it would hold a launch event in Riyadh on April 10 to display its electric vehicles and other products, including solar energy solutions and battery technology.

Saudi Arabia

Egypt, China ink $1.65B deal for steel factories in Suez: What we know

The deal was signed by Egypt’s General Authority of the Suez Canal Economic Zone and the Industrial Development Authority with Xin Feng Egypt Steel and its parent company, Xin Feng China as Cairo-Beijing ties grow closer.

Egypt

Exclusive

'Cloud First' policies give Saudi Arabia, UAE edge in AI race: Amazon exec

In March 2024, AWS announced plans to invest $5.3 billion in Saudi Arabia to launch a cloud infrastructure region in the kingdom by 2026.

By Jack Dutton

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

How UAE AI firm's past China links stalled this US chipmaker's IPO

Cerebras Systems executives had been hoping that the Trump administration would fast-track the national security review that has left the chipmaker’s initial public offering in limbo for five months, Reuters reported Tuesday.

United Arab Emirates