Saudi investment minister visits Morocco, Senegal on Africa trade drive

Saudi Arabia has pledged more than $41 billion in investment in sub-Saharan Africa over the next decade.

Saudi Arabia

Interview

Dar Global hints at Trump real estate deals in Saudi Arabia’s gigaprojects

The Dubai-headquartered real estate company has worked with the Trump Organization on luxury property developments across the Gulf.

Ziad El Chaar

Chief Executive Officer, Dar Global

World Bank ups Middle East 2025 economic outlook as oil, tourism rebound

The lender expects gross domestic product growth in the region to average 2.8% this year, up from its April forecast of 2.6%.

Iran

Interview

Al-Futtaim targets 2026 UAE rollout for game-changer ultrafast EV charging

The technology, which has only been deployed in China, will enable up to 400 kilometers of car recharging in five minutes, roughly the same time as filling a petrol tank.

Lucas Bellieud

Al-Futtaim Electric Mobility Managing Director

Blackstone, Abu Dhabi's Lunate set up $5B GCC logistics investment platform

The new platform will capitalize on the growing logistics sector in the Gulf.

United Arab Emirates

Kuwait seeks renewable energy boost as 14 GW power expansion plan takes shape

Kuwait, historically lagging in the Gulf’s energy transition, is moving ahead with plans to expand renewable energy amid efforts to banish power crunches.

Kuwait

Analysis

Egypt’s renewable power jumps 34% as country tackles energy crunch

After slow growth scaling up clean energy, Egypt’s renewables push may be gaining traction in 2025 as new projects come online in a welcome development for a country that has grappled with a power crunch since 2023.

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

PayPal, UAE's DP World sign MoU to speed digital payments

Under the agreement, international transactions are expected to be executed in minutes rather than take up to a week.

United Arab Emirates

UAE wealth fund ADIA scoops into $18B Haagen-Dazs owner Froneri

The UAE sovereign wealth fund has become a co-investor in Froneri in a deal valuing the global ice cream firm at about $18 billion.

United Arab Emirates

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

UAE deepens Asia ties as Malaysia, Australia trade deals kick in

Asia accounts for around 60% of the world’s gross domestic product and pursuing trade deals there helps the UAE hedge against dependence on both the US and China.

United Arab Emirates

What’s next for Saudi Arabia’s budget balancing act as deficit doubles?

The Gulf state now expects a deficit of $65.3 billion in 2025 — more than double the initial forecast — as the kingdom continues heavy spending amid weak oil prices.

Saudi Arabia