Analysis Gulf aluminum pursues global deals as Hormuz crisis accelerates shift Gulf aluminum exporters are targeting global deals amid fallout from the US-Israel-Iran war, which has pushed prices to multiyear highs in early June. By Samuel Wendel In Washington, DC, reporting on regional business and tech
Iran war hits Gulf aluminum exports, risking nearly 10% of global supplies The Gulf region is a critical hub for aluminum production, supplying roughly 8% to 9% of global output, with disruptions linked to the war now set to ripple through industrial supply chains. Bahrain
UAE’s DP World names new leadership after CEO leaves over alleged Epstein ties The Dubai emirate announced the appointments of Yuvraj Narayan as group CEO and Essa Kazim as the new chairman of the board, replacing Sultan Ahmed bin Sulayem. United Arab Emirates
Gulf markets recover after gold rout, buoyed by Iran de-escalation hopes Saudi Arabia’s benchmark stock index, TASI, rose 1.4%, a day after falling the most in nearly 10 months amid a broad sell-off in the commodities market. United Arab Emirates
Interview Saudi Arabia keeps doors open to US, China in critical minerals race Bandar Alkhorayef Saudi Minister of Industry and Mineral Resources
UAE main destination for smuggled African gold, report claims Swissaid estimates that 405 metric tons of gold, mostly mined by small-scale or artisanal miners, were smuggled out of Africa in 2022 and ended up in the UAE. United Arab Emirates
UAE eyes Zambia mine as minerals race heats up against Saudi Arabia, China Wealthy Gulf countries are racing against China, Europe and the United States for minerals critical to powering the global green transition. United Arab Emirates
