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.

AMER HILABI/AFP via Getty Images

Hope, despair in Yemen as Biden travels to Saudi Arabia

Ahead of the US president's Saudi trip, Yemenis are feeling a mixture of optimism and gloom about its likely benefits for them.

US President Joe Biden disembarks from his plane upon landing at Ben Gurion Airport,

Analysis

The Takeaway: Biden opens ‘new chapter’ with Middle East trip

Energy company touts oil for food for Syria; Ukraine’s ambassador in Turkey talks Russia; Iran’s unprecedented inflation; oil stoves make comeback in Lebanon; Sudanese civilians skeptical of moves by military leaders; and more.

Elizabeth Hagedorn

Andrew Parasiliti

By Elizabeth Hagedorn , Andrew Parasiliti

YASSER AL-ZAYYAT/AFP via Getty Images

Turkey, UAE continue to mend ties with space agreement

Turkish-Emirati economic ties have gradually strengthened this year, reducing tensions between the two regional powers.

A picture taken on February 18, 2017, shows a general view of a bridge in the Iranian city of Ahvaz during a sandstorm.

UAE, Iran to cooperate to fight dust storms

Dust storms in the region have been severe.

A general view of Saudi Aramco's Abqaiq oil processing plant on September 20, 2019. - Saudi Arabia said on September 17 its oil output will return to normal by the end of September, seeking to soothe rattled energy markets after attacks on two instillations that slashed its production by half. The strikes on Abqaiq - the world's largest oil processing facility - and the Khurais oil field in eastern Saudi Arabia roiled energy markets and revived fears of a conflict in the tinderbox Gulf region. (Photo by Fay

Middle East poised for breakthrough in European energy markets

Gerald Kepes

In Washington, DC, reporting on regional energy trends

An army cadet looks through the window of a bus parked outside Sri Lanka's presidential palace in Colombo.

Flydubai suspends flights to Sri Lanka as Emirates, Etihad keep flying

Sri Lanka is experiencing mass unrest over its deteriorating economic situation.

Iranian Army office/AFP via Getty Images

British navy reveals Iranian missiles seized in Gulf of Oman

The United States and United Kingdom touted a small win for regional security cooperation ahead of President Joe Biden's trip to Saudi Arabia next week.

UAE AI

UAE announces measures to attract ‘digital companies’

The Emirates wants to attract more high-tech companies, especially those working on artificial intelligence. Some cryptocurrency firms are moving to the Gulf state.

AD Ports signed a joint venture agreement with SEG, one of the largest oil and gas companies in Uzbekistan.

Emirati port operator, Uzbek oil company to open trade hub, cooperate on freight

Other Middle Eastern states are also seeking better economic relations with Central Asia.

Dubai skyline

UAE signs free trade agreement with Indonesia after deals with India, Israel

The UAE has a similar deal in the works with a South American country next.

electic bus

Dubai to test 'zero-emission' electric bus

The UAE is investing in an array of green and renewable energy projects.

India port

Dubai’s DP World logistics firm strengthens connections with India

The UAE and India also signed a trade agreement recently, and appear to have moved past the controversy surrounding an Indian politician's criticism of Islam.