Analysis

Is Abu Dhabi Global Market poised to rival world’s leading financial hubs?

The Abu Dhabi Global Market, an international free zone in the heart of the UAE capital, is attracting global companies and investors as it looks to become one of the world's leading financial hubs.

By Vanessa Ghanem

In Dubai, reporting on business, energy and politics

As Houthis sink second vessel, shipping industry calls for Red Sea protection

A shipping salvage firm confirmed on Wednesday that the M/V Tutor, a Greek-owned, Liberian-flagged bulk carrier, had sunk after being hit by two Houthi cruise missiles on June 12. The attack killed one crew member from the Philippines.

Yemen

Russia, Iran inaugurate Rasht-Caspian Railway: What we know

The railway was launched at a ceremony attended by Iran's acting president, Mohammad Mokhber, Minister of Transport and Urban Development Mehrdad Bazrpash, and senior Russian and Azerbaijani officials.

Iran

Analysis

With China rivalry in mind, UAE's Sheikh Tahnoon hits tech reset in US visit

Sheikh Tahnoon bin Zayed Al Nahyan, the United Arab Emirates’ national security adviser and an influential brother of the country’s president, visited Washington this month.

By Jack Dutton

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

Dubai, Tel Aviv most expensive for expats in MidEast as Tunis, Ankara rank least

Tunis, Algiers and Ankara have a relatively low cost of living for international workers, according to a survey by the consulting firm Mercer.

United Arab Emirates

RwandAir CEO says Qatar Airways could acquire 49% stake in July

For the past five years, Qatar and Rwanda have been working on a deal that would see Qatar Airways take a 49% stake in RwandAir for an undisclosed fee.

Qatar

Why is Saudi Arabia cutting funding, reducing costs on ambitious projects?

Saudi Arabia is reevaluating its financial priorities under Crown Prince Mohammed bin Salman’s ambitious Vision 2030 plan to diversify the nation away from a reliance on oil.

Saudi Arabia

From Israel to Iran, Modi 3.0 eyes deepening of India's Middle East ties

India refuses to be restricted by its former Cold War commitments; as with any other power or wannabe power, only self-interest matters, and the oil monarchies of the Gulf top India's list of friends in the region.

Iran

Houthi attacks caused 90% drop in Red Sea shipping, Pentagon finds

The Pentagon’s Defense Intelligence Agency found that the attacks impacted at least 65 countries and forced at least 29 major energy and shipping companies to change their routes.

Yemen

Saudi Arabia holds investment summit in Brazil, plans to invest $15B

Brazil’s energy minister said Saudi Arabia plans to invest $15 billion in the South American country, bolstering already strong economic relations based largely on mining, meat and oil.

Saudi Arabia

Barclays plays down Israel military links as protesters target branches

More than 15 branches of the bank across England and Scotland were found with windows smashed and red paint daubed over the buildings as part of a protest calling on the bank to divest from arms companies that sell to Israel as well as from fossil fuel businesses.

Palestine

Egypt's year-on-year inflation drops below 30% in first since January

The Central Agency for Public Mobilization and Statistics (CAPMAS) announced that Egypt’s inflation rate has maintained its downturn for the fourth consecutive month, dropping to 28.15% in May from 32.54% in April.

Egypt