Analysis How Manchester City fallout tests Gulf’s global investment model The Premier League’s historic financial misconduct ruling against the Emirati-owned club has sparked a media firestorm and experts say fallout could extend beyond the pitch to impact Gulf investment in sports and other industries. By Samuel Wendel In Washington, DC, reporting on regional business and tech
Explainer What Houthi airport attacks mean for Saudi Arabia’s aviation ambitions The kingdom has spent recent years pouring billions into a new airline and airport infrastructure amid efforts to compete with established Gulf travel hubs. Saudi Arabia
Saudi Arabia outlines oil export plans amid escalating Houthi attacks Saudi authorities said on Monday they were extending the suspension of operations at King Khalid International Airport after deadly attacks over the weekend by Yemen's Iran-aligned Houthis. Saudi Arabia
Riyadh’s skies remain unsettled after deadly Houthi strikes Saudi authorities confirmed Friday that Thursday’s first attack struck airport facilities and the second hit a Saudia aircraft. Saudi Arabia
Riyadh airport issues travel alert as Yemen's Houthis claim fresh attack on Saudi Arabia Saudi Arabia
Britain hits Iran and its foreign proxies with fresh sanctions The measures, coordinated with the United States, also target Iran's shipping sector and drone exports. Iran
World Bank ups Middle East climate financing to $10B by 2025 The global lender provided $6.3 billion in climate financing for the MENA region between 2021 and 2023, much of it focused on mitigation and adaptation. Legacy: Gulf
COP28: historic deal agreed for world to ‘transition away’ from fossil fuels The summit stretched into prolonged negotiations over the terminology of the final text, after the “phase out” of fossil fuels was omitted from the draft a day before the scheduled end of the event. United Arab Emirates
China-Saudi Investment Conference begins in Beijing China is Saudi Arabia’s largest trading partner and biggest customer of its primary commodity: crude oil. Saudi Arabia
Bahrain's Investcorp buys 50% of Corsair's $4.8B infrastructure business The new entity, Investcorp Corsair, will continue to grow with a particular focus on transportation, logistics and related subsectors, a statement from the two companies said. Bahrain
First commercial brewery to open in United Arab Emirates Previously, the only way a vendor or business could sell beer in the UAE would be if it was manufactured overseas. United Arab Emirates
Analysis What does Jon Rahm’s move to Saudi-funded LIV Golf mean for PGA Tour merger? The star golfer’s move could spur the PGA Tour to move faster in the merger talks with its Saudi-backed rival ahead of the Dec. 31 deadline. By Adam Lucente In New York City, reporting on regional news, militancy, climate change
With 32% trade boost, Turkey eyes Saudi investments amid domestic downturn Trade between the two countries reached $5.86 billion in 2022, a 32.6% increase over the previous year. Turkey
Saudi PIF ups investment in China’s Alibaba-backed tech fund eWTP Arabia Capital invests in energy and technology start-ups across the Middle East, North Africa and Asia. Saudi Arabia
After US, India, UAE, World Economic Forum expects Brazil to enter green coalition India, the UAE and the United States are part of the First Movers Coalition, a green alliance that Rob van Riet, senior adviser at the WEF's Center for Nature and Climate, told Al-Monitor he hoped Brazil will be the next to join. United Arab Emirates
Kuwait, Qatar, UAE telecoms merge assets into $2.2B tower company Three Gulf companies will create a new entity, which has not yet been publicly named, combining around 30,000 tower assets in Algeria, Iraq, Jordan, Kuwait, Qatar and Tunisia. Legacy: Gulf
Explainer: Did investors profit from Hamas attack on Israel? The Tel Aviv Stock Exchange said there was no irregular trading after US researchers noted an increase in short volume and interest of some Israeli securities in the days leading up to Hamas’ deadly incursion. Israel