Saudi Arabia to sign more than $500M in deals with African countries

Saudi Investment Minister Khalid Al-Falih said the kingdom’s sovereign wealth fund, the Public Investment Fund, will make some “game changing” investments in Africa.

Saudi Arabia

What the Gulf states new unified visa means for Saudi, UAE, other citizens

The new Schengen-like visa — allowing seamless travel between members Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates — will be introduced during 2024-25.

Legacy: Gulf

Iraq and Turkmenistan make progress toward deal to transport gas via Iran

Iraq, currently dependent on Iran for gas and electricity, is seeking to develop its own gas supply as well as import gas from Turkmenistan.

Iraq

Analysis

Inside ADNOC's and Carbon Clean's plan to capture CO2 on mass scale

The British company's new project with the UAE energy major is hoping to address those skeptical about the cost, efficacy and viability of carbon dioxide capture as a climate solution.

By Jack Dutton

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

UK sanctions UAE network accused of helping Russia make gold profits

The new sanctions announced by the UK Foreign Ministry target 29 individuals and companies operating in and supporting Russia’s gold, oil and strategic sectors.

United Arab Emirates

Israel-Hamas war pivotal moment for Abraham Accords 

Although there are some who believe the Accords could be a casualty of the war, unwinding them isn’t so simple.

Samuel Wendel

In Washington, DC, reporting on regional business and tech

Saudi Arabia’s PIF in talks to inject $250M into Chinese car maker

The kingdom is looking to develop its electric vehicle market as its economy diversifies away from oil.

Saudi Arabia

Turkey returns to dollar bond market as Erdogan shifts approach

The Turkish government has made several fiscal policy changes since the president's reelection in May in an effort to win back investors and address economic problems.

Turkey

Oil prices rise after Saudi Arabia, Russia extend output cuts

The Kingdom has maintained its oil output cut of 1 million barrels per day since July in an attempt to stabilize the market and prop up prices amid weakened demand.

Saudi Arabia

US sanctions UAE, Turkey, China firms for allegedly aiding Russia in Ukraine

The move targets the development of Russia’s defense and technology sectors and aims to weaken it in its war against Ukraine.

United Arab Emirates

Turkey’s inflation slightly eases in October, remains above 60%

Following three months of increases, Turkey’s year-on-year inflation slightly eased last month.

Turkey

Turkey raises year-end inflation forecast to 65%, amid economic headwinds

The projection has been raised from 58% in July due to weakening global economic activity and oil volatility.

Turkey