South Korea, UAE ink trade deal lifting tariffs on over 90% of imports

The agreement was signed by ministers at a summit in the capital Seoul during the UAE president's first state visit.

United Arab Emirates

Saudi Prince Alwaleed bin Talal invests in Elon Musk’s $24B AI startup

Kingdom Holding Company also holds a stake in Elon Musk’s social media platform X, formerly Twitter.

Saudi Arabia

UAE president arrives in South Korea to talk defense, energy, business ties

The visit, the first by the Emirati president, aims to enhance the already strong ties between the two countries.

United Arab Emirates

Interview

Saudi Expo 2030 to offer major opportunities for French businesses, says official

In November, the Saudi capital won the right to host the Expo 2030 world trade fair that is expected to attract around 40 million visitors and billions of dollars of inward investment.

Axel Baroux

French Trade and Invest Commissioner for the UAE and Middle East

Malaysia courts Gulf investment and economic ties, but Saudi relations remain question mark

Samuel Wendel

In Washington, DC, reporting on regional business and tech

Analysis

Gaza war complicates IMEC plans even as Gulf-India ties warm

The India-Middle East-Europe Economic Corridor's progress is facing some difficulties related to geopolitical complexities, funding and conflicts in the Red Sea and Gaza.

By Adam Lucente

In New York City, reporting on regional news, militancy, climate change

Poverty in Lebanon tripled to 44%, as high as 62% in rural areas: World Bank

In a recent report, the World Bank revealed a three-fold increase in poverty rates in Lebanon, which is hard hit by an economic crisis and financial meltdown, with nine out of every 10 Syrians displaced in the country living under the poverty line.

Lebanon

Goldman Sachs first Wall Street bank to get green light for Saudi Arabia HQ

The US-headquartered investment bank received a license from the Saudi Ministry of Investment to set up its regional headquarters in the capital, Riyadh.

Saudi Arabia

Algeria signs with ExxonMobil, Baker Hughes as Europe's gas demand soars

Europe is increasingly looking to Algeria for natural gas amid the Ukraine war, and the North African country’s exports are on the rise.

Algeria

Yellen warns Israel against blocking Palestinian banks, battering West Bank

Israel has been threatening to cancel a vital waiver that expires July 1 between Israeli and Palestinian banks that allows Israeli banks to process shekel payments for vital services and PA salaries.

Israel

UAE's ADNOC invests in Mozambique's natural gas in first African foray

The deal will give ADNOC a share of the liquified natural gas output from the concession, which has a combined capacity of over 25 million metric tons per pear, the company said in a statement.

United Arab Emirates

Huawei launches Egypt public cloud service as China ties grow

Last September, Huawei announced that it would pump $430 million into North Africa to build the firm's first cloud center there as well as train thousands of developers and tech specialists.

Egypt