BP, Equinor change oil shipment plans after Red Sea Houthi attacks

The Iran-backed rebels have said the attacks are in retaliation for the war in Gaza.

Yemen

Iran says ‘enemy conspiracy’ behind outage at 70% of gas stations

The Oil Ministry’s Shana news agency reported that operations will be running again as normal within “a few hours” and until then fuel is being distributed offline.

Iran

Saudi Arabia’s multinational HQ deadline nears amid uncertainty for companies and Gulf competition

Samuel Wendel

In Washington, DC, reporting on regional business and tech

Middle East transparency on carbon emissions lags behind rest of world

Turkey and the UAE led the pack for most transparent countries in the region regarding greenhouse gas emissions.

United Arab Emirates

Britain hits Iran and its foreign proxies with fresh sanctions

The measures, coordinated with the United States, also target Iran's shipping sector and drone exports.

Iran

World Bank ups Middle East climate financing to $10B by 2025

The global lender provided $6.3 billion in climate financing for the MENA region between 2021 and 2023, much of it focused on mitigation and adaptation.

Legacy: Gulf

COP28: historic deal agreed for world to ‘transition away’ from fossil fuels

The summit stretched into prolonged negotiations over the terminology of the final text, after the “phase out” of fossil fuels was omitted from the draft a day before the scheduled end of the event.

United Arab Emirates

China-Saudi Investment Conference begins in Beijing

China is Saudi Arabia’s largest trading partner and biggest customer of its primary commodity: crude oil.

Saudi Arabia

Bahrain's Investcorp buys 50% of Corsair's $4.8B infrastructure business

The new entity, Investcorp Corsair, will continue to grow with a particular focus on transportation, logistics and related subsectors, a statement from the two companies said.

Bahrain

First commercial brewery to open in United Arab Emirates

Previously, the only way a vendor or business could sell beer in the UAE would be if it was manufactured overseas.

United Arab Emirates

Analysis

What does Jon Rahm’s move to Saudi-funded LIV Golf mean for PGA Tour merger?

The star golfer’s move could spur the PGA Tour to move faster in the merger talks with its Saudi-backed rival ahead of the Dec. 31 deadline.

By Adam Lucente

In New York City, reporting on regional news, militancy, climate change

With 32% trade boost, Turkey eyes Saudi investments amid domestic downturn

Trade between the two countries reached $5.86 billion in 2022, a 32.6% increase over the previous year.

Turkey