Analysis

India's economic corridor to Europe via Saudi, UAE: a win for US, West Asia

In reflection of the emerging multipolar world, Riyadh and Abu Dhabi aim to transform their bilateral relations with Washington, Brussels, and Delhi into multidimensional partnerships by joining the IMEC, with energy serving as a core pillar but not the sole one.

By Mohammed Soliman

In Washington, DC, reporting on Gulf politics

Morocco earthquake damage could wipe out as much as 8% of GDP

The US Geological Survey warns of severe potential economic losses from the Morocco earthquake's "extensive damage."

Morocco

Iraqi Kurdish farmers expect weak tobacco harvest

Aftereffects of genocide, competition from cheap imports and lack of government support combine to limit the market for local agricultural products.

Iraq

Analysis

Saudi Arabia hosts first UNESCO session amid massive tourism drive

Recognition of more sites by the global heritage organization may help the kingdom reach its goals of more jobs and revenue from tourism.

By Salim A. Essaid

Can Turkey’s new economic plan restore foreign investor confidence?

Eager to regain Istanbul and other major cities from the opposition, Erdogan is expected to turn to populist policies again ahead of local elections next spring.

Turkey

Mubadala opens office in Beijing as UAE-China ties grow

The United Arab Emirates' Mubadala Investment Company began operations in the Chinese capital this week.

Legacy: Gulf

Qatari investors in talks with Daily Mail owner to buy rival newspaper group

The influential Telegraph Media Group, which will come up for auction in a few weeks, has strong links to the ruling Conservative government.

Qatar

Saudi Arabia’s Vision 2030 will benefit Islamic finance sector, says Moody’s

The kingdom has the largest Islamic banking market in the world, and roughly 83% of its total assets are Sharia-compliant.

Saudi Arabia

World Bank official says Turkey's economic U-turn 'step in right direction’

The comments from the institution’s Turkey director follow the Turkish government finally raising interest rates to battle inflation. But the Turkish economy is still struggling.

Turkey

Shipping company in Greece fined $2.4B for breaching Iran sanctions

In an agreement with the US, the illegal oil export was kept secret for almost five months amid fears of retaliation from Tehran.

Iran

Israel's foreign investments drop 60% in first quarter of 2023

A report published by Israel's Finance Ministry suggests that foreign investments are decreasing, as are the number of Israeli startups sold to foreign companies.

Israel

Spain investigates Saudi Arabia’s 9.9% acquisition of Telefonica

Saudi Arabia’s STC Group announced a 9.9% purchase in the $2.1 billion telecom company, but the Spanish government must approve the plan.

Saudi Arabia