UAE-Syria move ahead on $20 billion real estate mega-developments Major housing and tourism projects in Damascus and Latakia are set to advance following a new agreement with UAE real estate tycoon Mohamed Alabbar. Syria
Lebanon seeks Turkey’s help to join Syria-Saudi rail link: What to know Beirut is seeking Ankara’s support to link its ports to a railway project aiming to link Turkey to the Gulf, through Syria and Jordan. Turkey
What does Amazon war damage mean for Gulf cloud expansion? Amazon’s cloud computing unit said the damage was sustained to its facilities in Bahrain and the United Arab Emirates, casting doubt over multibillion-dollar investments in the region. Bahrain
US expands Iran campaign with strikes on oil tankers Airstrikes on Iranian oil tankers mark a subtle tactical pivot after months of periodic bombardment targeting IRGC military infrastructure failed to shut down the IRGC’s attacks in Hormuz. Iran
Davos 2024: Inside Investcorp’s plan to build China-Gulf 'investment bridge' In an interview with Al-Monitor, co-CEO Hazem Ben-Gacem said there is a big push for infrastructure funding in the Asia-Pacific region, controlled buyouts in Japan and growth investments in India and China. Bahrain
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
Morocco-UK Xlinks undersea power cable to generate 'real value': Octopus Energy Octopus Energy CEO Greg Jackson said that it would help Morocco fight climate change. Morocco
Saudi Arabia set to begin Middle East’s first hydrogen train trials Saudi Arabian Railways, in partnership with French manufacturer Alstom, will begin to operate the world’s first hydrogen-powered passenger train in Riyadh later this month. Saudi Arabia
Abu Dhabi’s ADQ in talks with Turkey to build railway for trade corridor Amid increasing cooperation between the two countries, an alternative trade corridor is planned linking Europe, the Middle East and Asia. Turkey
UK, Turkey in talks about third railway project The project follows the UK government underwriting financing in July to support the construction of a 286-kilometer high-speed electric railway in southern Turkey. Turkey
After Nagorno-Karabakh offensive, can Turkey play nice with Armenia? Following Azerbaijani victory in Nagorno-Karabakh, Turkey is now laying the foundations for a rapprochement with Yerevan. Turkey
Saudi Arabia, China sign $1.33 billion in housing deals The Saudi-China Business Forum represents the latest sign of increased Chinese interest in Saudi Arabia. Legacy: Gulf
UAE's ADNOC to expand gas processing with $3.6 billion contract ADNOC Gas announced it would award the contract to a joint venture between ADQ state-fund-owned National Petroleum Construction Company and Spain’s Tecnicas Reunidas. United Arab Emirates
Egypt building collapse leaves 9 dead, fourth in a month The collapse of a building in Cairo on Monday is brings number of fatalities from these incidents in Egypt to 25 in the last four weeks. Egypt
Turkey says talks with China, Russia, South Korea underway for new nuclear plants Turkey's energy minister also said his country was in talks with France for the independent oversight of the Akkuyu nuclear power plant in Mersin which is being built by Russia's Rosatom. Turkey
