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. By Samuel Wendel In Washington, DC, reporting on regional business and tech
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. By Jennifer Gnana , Samuel Wendel
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
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. Yemen
Analysis Telegram CEO's arrest spotlights UAE’s investment-based citizenship laws By Jennifer Gnana In Dubai, reporting on Gulf energy policy and politics
IMF official: Gulf economies to contract by 7.6% in 2020 The International Monetary Fund official's predictions are worse than earlier ones as the Gulf deals with oil price drops and the COVID-19 pandemic. Legacy: Gulf
Egyptians returning from the Gulf face uncertain economic future While studies expect an economic catastrophe in Egypt due to the coronavirus-related recession of the Gulf economy and the resulting demobilization of thousands of Egyptians working abroad, some observers believe that the return of Egyptian workers will develop an efficient Egyptian labor market. Legacy: Gulf
COVID-19 crisis returns spotlight to Gulf migrant communities Contract migration schemes make citizenship acquisition nearly impossible for migrant workers in the Gulf, and recent economic and health crises make any imminent changes further unlikely. Legacy: Gulf
Saudi Arabia braces for economic impact Saudi Arabia and other Gulf Cooperation Council states must make dramatic cuts in spending, and not just on megaprojects, as unsustainably large annual deficits have arrived. Legacy: Gulf
Intel: Trump calls on Qatar to work toward resolving Gulf dispute President Donald Trump has asked Qatari Emir Sheikh Tamim bin Hamad Al Thani to take steps to resolve the ongoing dispute with Saudi Arabia, Bahrain and the UAE, which blockaded Qatar in 2017. Legacy: Gulf
What oil markets' 'bloody Monday' means for Gulf producers Gulf producers must navigate between an angry White House and Congress, with the threat of tariffs, and uncertainty regarding Asian partners and demand as a result of the pandemic. Legacy: Gulf
For Gulf, South Asia countries, worst is yet to come The pandemic is expected to be especially hard on migrant workers in the Mideast and South Asia, as it has left many of them unemployed and struggling to return home to an uncertain future. Legacy: Gulf
Mideast economies to see biggest downturn in four decades, IMF projects Almost every country in the Middle East, North Africa and Central Asia is expected to have negative gross domestic product this year, and the overall GDP for the region is expected to contract by an average of 3.1%. Legacy: Gulf
Banks can't save Gulf economies Because of the way they are set up, GCC banks will have a hard time providing the funds that could help jump-start regional economies as the COVID-19 pandemic continues to take its toll. Legacy: Gulf
Shops reopen in Bahrain as government rolls back restrictions Bahrain is allowing stores to reopen if they follow social distancing guidelines but theaters and tourist locations remain closed and food delivery and takeout remain the order of the day for restaurants. Legacy: Gulf
Yemen’s Hadi hopes new governor calms Mahra tensions In the wake of clashes between Saudi forces and local tribesmen in Mahra province, Yemen’s president appointed a new governor in the hope of preventing further violence. Legacy: Gulf
Is tourism the antidote to youth unemployment in Oman? Omani officials aim to create over 500,000 jobs in the tourism sector by 2040. Legacy: Gulf
