Saudi Arabia advances gas ambitions as $100B Jafurah plant comes online The Finance Ministry reported that initial output at the massive Jafurah gas field has begun, with a capacity of 450 million cubic feet per day. Saudi Arabia
Yemen's STC separatists advance in Hadramout as UAE-Saudi rift grows The fighting between the UAE-backed southern separatists and Saudi-aligned tribal forces, nominal allies against the Houthis, has raised concerns about the division of Yemen. Yemen
Newsletter: City Pulse Riyadh Winter at Tantora returns to AlUla Also this week: Desert dining in AlUla, Camel Festival turns 10 and art from Jeddah to Tashkent By Rebecca Anne Proctor In Dubai, reporting on culture
US approves $1.4B in military sales to Saudi Arabia, Bahrain: What to know An estimated $1 billion in foreign military sales will go to Saudi Arabia, and $445 million will go to Bahrain. United States
Analysis US-Gulf critical minerals ties grow in bid to weaken China’s grip on industry By Samuel Wendel In Washington, DC, reporting on regional business and tech
Analysis South Korea’s $15B jet offer expands UAE's options as US moves to sell Saudis F-35s By Francesco Schiavi In Bologna, reporting on security, defense, economy, governance
Analysis Saudi Arabia lures in Turkey’s defense giants as its military industry grows Saudi Arabia is making big strides in its efforts to localize its defense industries. By Francesco Schiavi In Bologna, reporting on security, defense, economy, governance
Saudi Aramco CEO predicts 1.6-2M bpd oil demand rise after sharp price fall The bullish perspective follows the price of Brent crude falling amid the global stock downturn and coincides with Aramco buying a more than $700 million stake in a Saudi energy complex. Saudi Arabia
Saudi PIF signs deals worth up to $50B with six Chinese institutions As one of the world’s largest sovereign wealth funds, the $925 billion Saudi PIF is already heavily invested in China. Saudi Arabia
Saudi Arabia's SABIC sees second quarter profit rise by 85% to $580M The company's results are encouraging news for the petrochemicals sector, which has been weathering a downturn since the COVID-19 pandemic. Saudi Arabia
UK’s new government reboots trade talks with Gulf, Israel, Turkey New British Prime Minister Keir Starmer has made economic growth a priority of his Labour government and has pledged to make the UK the fastest-growing economy in the G20. Saudi Arabia
Gulf investment in UK real estate to hit $4B annually, says BLME Research predicts that demographic trends and supply shortages will make the UK's real estate sector a more popular option for investors in the future. Saudi Arabia
GCC’s renewable energy push pays off with Qatar, UAE taking lead Several Gulf states rank relatively high on the World Economic Forum (WEF) Energy Transition Index, reflecting their efforts to transition toward renewable energy and reduce their dependence on fossil fuels. Saudi Arabia
China’s Baosteel ups investment in Saudi steel plate venture to $1B A subsidiary of the world’s largest steelmaker, China Baeowu Steel Group, will have a 50% stake in a major new Saudi-based venture. Saudi Arabia
Why G7's economic policy toward Russia might alienate Saudi Arabia The G7 has seized hundreds of billions of dollars in Russia’s frozen assets in response to Moscow's 2022 invasion of Ukraine. Saudi Arabia
Middle East cheers Biden’s withdrawal, uncertain about Kamala Harris pick Many people in the region were joyful about President Joe Biden’s decision not to seek reelection, as they blame him for the crises including the war in the Gaza Strip. Palestine
Saudia inks deal for electric flying taxis from Germany amid airline order spree The agreement to purchase 50 jets, with an option for 50 more, was made with Lilium, headquartered outside Munich. Saudi Arabia