Why UAE's decision to leave OPEC is major shift for cartel The UAE accounts for 12% of OPEC's output, but tensions had been simmering over intragroup rivalries and the country wanting to export more oil. United Arab Emirates
Pistachios reach highest prices in eight years amid Iran war Pistachio prices rose to around $4.57 a pound in March, their highest since 2018, according to data company Expana. Iran
UAE’s cash request tests US ties as Iran war strains Gulf financial muscle Amid growing economic fallout from the regional war, Abu Dhabi’s bombshell request for a war-time financial lifeline from the United States is less about cash and more about clout — for now. United Arab Emirates
EU says UAE will restrict certain re-exports to Russia amid Ukraine war The United Arab Emirates has agreed to restrict the re-exportation to Russia of "dual-use" items used for its war in Ukraine, and Turkey is reportedly considering a similar measure. United Arab Emirates
Can food security help forge Iran-GCC ties? Shifting attitudes to food security have the potential to turn the agricultural and food sectors into the main platform for greater trade and investment between the Gulf Cooperation Council (GCC) and Iran. Bijan Khajehpour In Vienna, reporting on Iranian politics
Emirates Group posts record $2.7B half-year profit as Gulf travel recovers Gulf airlines have largely recovered from the COVID-19 pandemic, though the war in Gaza could threaten tourism in the region. Legacy: Gulf
Saudi Arabia to sign more than $500M in deals with African countries Saudi Investment Minister Khalid Al-Falih said the kingdom’s sovereign wealth fund, the Public Investment Fund, will make some “game changing” investments in Africa. Saudi Arabia
What the Gulf states new unified visa means for Saudi, UAE, other citizens The new Schengen-like visa — allowing seamless travel between members Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates — will be introduced during 2024-25. Legacy: Gulf
Iraq and Turkmenistan make progress toward deal to transport gas via Iran Iraq, currently dependent on Iran for gas and electricity, is seeking to develop its own gas supply as well as import gas from Turkmenistan. Iraq
Analysis Inside ADNOC's and Carbon Clean's plan to capture CO2 on mass scale The British company's new project with the UAE energy major is hoping to address those skeptical about the cost, efficacy and viability of carbon dioxide capture as a climate solution. By Jack Dutton In Bristol, reporting on regional business, climate change, AI, tech
UK sanctions UAE network accused of helping Russia make gold profits The new sanctions announced by the UK Foreign Ministry target 29 individuals and companies operating in and supporting Russia’s gold, oil and strategic sectors. United Arab Emirates
Israel-Hamas war pivotal moment for Abraham Accords Although there are some who believe the Accords could be a casualty of the war, unwinding them isn’t so simple. Samuel Wendel In Washington, DC, reporting on regional business and tech
Saudi Arabia’s PIF in talks to inject $250M into Chinese car maker The kingdom is looking to develop its electric vehicle market as its economy diversifies away from oil. Saudi Arabia
Turkey returns to dollar bond market as Erdogan shifts approach The Turkish government has made several fiscal policy changes since the president's reelection in May in an effort to win back investors and address economic problems. Turkey
Oil prices rise after Saudi Arabia, Russia extend output cuts The Kingdom has maintained its oil output cut of 1 million barrels per day since July in an attempt to stabilize the market and prop up prices amid weakened demand. Saudi Arabia