Saudi Public Investment Fund takes 15% stake in London's Heathrow Airport

Spanish construction giant Ferrovial said it had closed the sale of a 19.75% stake in the UK capital’s busiest airport for 2 billion euros ($2.1 billion) to the PIF and French investment firm Ardian.

Saudi Arabia

Trump crypto partner Tron allegedly used by Hamas, Hezbollah: What we know

Financial experts and Israeli authorities say Tron, a partner organization of Donald Trump's World Liberty Financial, is used by the Iran-backed militant groups to transfer crypto assets.

Lebanon

Syria's interim PM warns foreign currency shortage could hinder refugee return

Nearly 14 years of civil war, international sanctions and the exodus of 4.82 million Syrians have crippled the economy, resulting in a sharp decline of the Syrian pound.

Syria

UAE to host world's largest production plant for certain bioplastics

The world's largest bioplastic plant will soon become an industry player in Abu Dhabi's free trade zones.

United Arab Emirates

Trump Organization to build luxury housing in Saudi capital: What we know

The two companies this week will also launch the Trump Tower in Jeddah, the third project between Dar Global and the Trump Organization.

Saudi Arabia

Analysis

German firm's $14.5M fine not a deterrent for violating Iran sanctions

The US Treasury's Office of Foreign Assets Control levied the penalty against Aiotec GmbH, an industrial equipment–sourcing company.

By Jack Dutton

In Bristol, reporting on regional business, climate change, AI, tech

Analysis

Growing arms race tests Morocco’s military tech edge, Israel ties

Morocco has been steadily building up its military in recent years and in November reports surfaced that the North African country was in talks to acquire Turkish drones.

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

Bpifrance, Saudi PIF sign $10B financing agreement

The five-year agreement will increase collaboration between PIF and Bpifrance Assurance Export, focusing on projects to support Vision 2030, Saudi Arabia’s plan to diversify the economy away from reliance on oil.

Saudi Arabia

Airbus becomes latest multinational to open regional HQ in Saudi Arabia

The European plane maker aims to develop local talent and technological expertise in the fast-growing Gulf market.

Saudi Arabia

Turkey ends probe into Meta over Threads data sharing

Turkey's Competition Board has ended its investigation on Meta after the company agreed to new data-sharing terms for Threads.

Turkey

Norway's sovereign fund divests from Israel's Bezeq over West Bank links

Norway’s sovereign wealth fund said it has sold all of its shares in Israel’s largest telecoms firm Bezeq, as it provides services to the Israeli settlements in the occupied West Bank.

Israel

Dubai property market prices to rise further next year, Knight Frank says

Dubai’s real estate market, which has been booming for the last five years, is predicted to soar even higher.

United Arab Emirates