Legacy: Gulf - AL-Monitor: The Middle Eastʼs leading independent news source since 2012

Legacy: Gulf

The PwC Tower, or Libeskind Tower, Milan, March 12, 2021.

Analysis

Can Gulf states slash costly reliance on Western consultancies?

A one-year ban on PwC acquiring work in Saudi Arabia has highlighted the Gulf states' dependency on Western firms and the need to develop local consultancies and talent.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

Employees of Aramco oil company work in Saudi Arabia's Abqaiq oil processing plant on September 20, 2019.

Analysis

Can Saudi Arabia afford giga-projects with oil prices under $75 per barrel?

Riyadh could soon run a current account deficit as oil revenue declines amid huge spending commitments toward ambitious Vision 2030 projects. Saudi-led OPEC has also deferred an output increase plan to allow more time to reach desired oil prices.

Jennifer Gnana

Samuel Wendel

By Jennifer Gnana , Samuel Wendel

GIUSEPPE CACACE/AFP via Getty Images

UAE's final unit of Barakah nuclear reactor hooked to grid: What we know

The Emirates is the only Gulf country with a nuclear power program, though neighboring Saudi Arabia also has atomic power ambitions.

United Arab Emirates

A cargo ship is docked at the port of Yemen's Huthi-held city of Hodeida on July 28, 2024. Photo by -/AFP via Getty Images)

Saudi entity denies its ship hit as Houthis claim attack on Greek tanker

Saudi Arabia's national shipping company Bahri denied reports that its tanker Amjad came under attack by the Houthis, the Yemeni armed group that has stepped up attacks on oil tankers in the Red Sea.

Latest News

Analysis

Telegram CEO's arrest spotlights UAE’s investment-based citizenship laws

MUNICH, GERMANY - JANUARY 24: Pavel Durov of Vkontakte speaks during the Digital Life Design conference (DLD) at HVB Forum on January 24, 2012 in Munich, Germany. ence and culture which connects business, creative and social leaders, opinion-formers and investors for crossover conversation and inspiration. (Photo by Nadine Rupp/Getty Images)

Jennifer Gnana

By Jennifer Gnana

In Dubai, reporting on Gulf energy policy and politics

Heavy floods hit Dubai, airport as Oman toll rises to 18

Dubai's roads were badly hit by the heavy downpours

Agence France-Presse

Oman launches $5 billion 'Future Fund' in sign of economic progress

HAITHAM AL-SHUKAIRI/AFP via Getty Images

Al-Qaeda attack in Yemen kills 2 members of southern forces

Security forces deploy near Aden International Airport in Yemen's southern city on April 14, 2023 during a prisoner exchange between the internationally recognised-government and the Sanaa-based Huthi rebels.

Navy Persian Gulf

US Navy adds new task force to patrol Red Sea

Task Force 153 will patrol the Red Sea and waters around Yemen, as Iran shows no sign of relinquishing support for the Houthis.

Yemen Hadi

US welcomes Yemen's leadership shakeup as president cedes power

The exiled President Abd-Rabbu Mansour Hadi's transfer of power to a newly formed presidential council comes days after a nationwide cease-fire took hold in Yemen.

Parents wearing protective masks and their children arrive at a school entrance.

Culture

Abu Dhabi private schools returning to in-person classes

Remote education has led to difficulties for students throughout the world, including in Middle Eastern countries.

United Arab Emirates

A Qatar Airways Airbus A350 airplane takes off from Hamad International Airport near the Qatari capital, Doha, on Jan. 11, 2021.

Qatar’s move to take control of its airspace comes amid warming regional ties

As the United States is gradually retreating from the Middle East to refocus on Russia and China, a new level of cooperation has been witnessed among countries of the region.

Saudi immigrants

Saudi Arabia, Pakistan work on long-term business strategy

A US Navy service member attends a vigil for Navy Corpsman Maxton "Max" W. Soviak at Edison Middle School in Berlin Heights, Ohio, Aug. 29, 2021. Soviak was killed during the Aug. 26 terrorist attack outside of Kabul Airport in Afghanistan along with 12 other American service members and more than 100 Afghans.

Taliban releases Afghan-American Naval reservist held in Afghanistan

US citizen Safi Rauf and his brother Anees Khalil were released to Qatar before traveling home to the United States.

KARIM SAHIB/AFP via Getty Images

OPEC remains committed to oil production agreement with Russia

The Biden administration has been unable to get Gulf states to increase oil production to bring down prices and some European states are seeking alternatives to Russian natural gas.

MOHAMMED MAHJOUB/AFP via Getty Images

Oman's fiscal outlook improves as oil prices surge

Efforts to put public finances on a healthy footing and tackle chronic budget deficits have started to pay off, facilitated by a sharp increase in oil prices, Oman’s main export.

Negev Summit

Breaking | Last Updated: March 29, 2022, 8:48 am

Israeli, Arab summit seeks 'new regional architecture' against Iran

Washington's top diplomat reassured Arab allies and Israel that the US would continue to work with them to confront threats posed by Iran and its proxy militias.

A man feeds a giraffe at the Dubai Safari Park, United Arab Emirates, Oct. 4, 2020.

Culture

Sharjah Emirate opens largest safari park outside Africa

Sharjah Safari in the United Arab Emirates is considered the largest safari park outside Africa and is expected to draw more tourism to the Emirate of Sharjah.

Oil storage containers of the Eilat Ashkelon Pipeline Company (EAPC).

Israel, UAE to cooperate on clean hydroelectricity

Israeli companies are eager to cooperate with Emirati partners for the development of clean, cheap and low-energy hydrogen production.

breaking boundaries

Culture

Dubai gallery explores new frontier of NFTs as art objects

Non-fungible tokens represent a new way to buy, sell and experience art, and many artists and collectors in the Gulf have become enthusiastic participants.