Analysis

China's venture capital firms making inroads in Saudi Arabia, UAE

Chinese venture capital investors have been pricing deals at more competitive rates and taking advantage of a widening vacuum left by Western rivals in the region.

By Jack Dutton

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

UAE-Brazil ties strengthen with EDGE's acquisition of Brazilian weapons firm

Relations between the UAE and Brazil are improving militarily and economically following the UAE being offered membership in BRICS.

Legacy: Gulf

Pakistan, Gulf Cooperation Council sign 'preliminary' free trade agreement

When the final trade deal comes into effect, it will likely be the GCC's first since 2009.

Legacy: Gulf

Saudi Aramco makes first global LNG investment with US MidOcean stake 

MidOcean Energy is in the midst of buying interests in four LNG projects in Australia as part of its growth strategy.

Saudi Arabia

UAE’s Masdar to triple Southeast Asia’s largest floating solar plant

The new agreement between Masdar and Indonesian power utility PLN Nusantara Power will launch Phase II of the Cirata floating solar plant in the Indonesian province of West Java.

United Arab Emirates

Jim Ratcliffe revises Manchester United bid as Qatar's offer is considered

Sheikh Jassim bin Hamad Al Thani, a Qatari banker and the son of a former Qatari prime minister, is the only other party to have publicly stated that they are trying to buy the British soccer club.

Qatar

QatarEnergy, BP, others snap up Egyptian oil and gas concessions

Four blocks have been awarded one day into international bidding for the exploration of Egypt's 23 open oil and gas blocks.

Egypt

Saudi domestic capital to shoulder lion’s share of funding for Vision 2030

Halfway through Vision 2030, the kingdom has started to tap into domestic capital and debt financing to get some of its most futuristic projects off the ground.

Sebastian Castelier

In Dubai, reporting on regional business

Oman's oil and gas sector drives 30% GDP growth in 2022

Oman’s hydrocarbon sector growth rate was 61.6% from 2021 to 2022, compared to non-hydrocarbon sector growth at 16.9% during the same period, according to the Central Bank of Oman (CBO) 2022 Annual Report.

Oman

Saudi Arabia inches closer to nuclear power with wider IAEA access

The kingdom's energy minister said that the country plans tougher checks by the International Atomic Energy Agency on its nuclear activities.

Saudi Arabia

UAE, other Gulf states shift from talk to action on carbon capture tech

The idea of capturing and storing carbon emissions instead of letting them enter the atmosphere is gaining momentum in some parts of the Gulf region. It is also the necessary tool to rebrand hydrogen produced from fossil fuels from "gray" to "blue."

Legacy: Gulf

Gulf airlines flex might as Riyadh Air fuels new competition

The Gulf’s Big Three carriers are flying high as profits and passengers return.

Samuel Wendel

In Washington, DC, reporting on regional business and tech