Economy and trade

Jakarta

GCC-Indonesia economic ties deepen with Saudi MoUs, joint Qatar fund

Trade between Indonesia and the Gulf is rising and negotiations are underway for a GCC-Indonesia free trade agreement.

His Highness Sheikh Mohamed bin Zayed was hosted in Paris by President Emmanuel Macron, where the sides signed a groundbreaking cooperation agreement in AI, on Feb. 6, 2025.

Analysis

UAE hedges against global economic volatility with EU trade agreement

The UAE is doubling down on bilateral free trade agreements as it hedges against economic headwinds fueled by the United States' universal tariff policy.

Jennifer Gnana

By Jennifer Gnana

In Dubai, reporting on Gulf energy policy and politics

Egyptian President Abdel Fattah al-Sisi arrives in Doha on Sunday for an official visit and is welcomed by Qatari Emir Sheikh Tamim bin Hamad Al Thani upon his arrival.

Egypt's Sisi visits Qatar, nabs $7.5B in investments: What to know

President Abdel Fattah al-Sisi’s trip to Doha comes amid Egypt’s moves to improve ties with Turkey and tensions with the UAE over the Gaza war.

NEW YORK, NEW YORK - SEPTEMBER 12: People walk by PricewaterhouseCoopers (PwC) New York headquarters after the company announced a major restructuring on September 12, 2024 in New York City. PwC LLP will let go of up to 1,800 US employees next month as the accounting firm shifts to in-house technology developers and streamlines its advisory practice. (Photo by Spencer Platt/Getty Images)

Analysis

Saudi Arabia-PwC split signals shift to local consultancies: What to know

The Saudization of the consultancy sector is not a compliance exercise but instead amounts to a strategic realignment that challenges the long-standing, but outdated, assumption that foreign expertise is inherently superior.

Amal Altwaijri

By Amal Altwaijri

In Washington, DC, reporting on Saudi Arabia

Latest News

Analysis

France recalibrates Turkey ties as east Med dynamics shift: What to know

TOPSHOT - France's President Emmanuel Macron (R) shares a laugh with Turkey's President Recep Tayyip Erdogan (L) ahead of a round table as part of the European Political Community Summit in Budapest, on November 7, 2024. (Photo by Ludovic MARIN / AFP) (Photo by LUDOVIC MARIN/AFP via Getty Images)

Jonathan Fenton-Harvey

By Jonathan Fenton-Harvey

In London, reporting on North Africa and Gulf politics

China courts Gulf, BRICS allies as trade war with US escalates

GREG BAKER/AFP via Getty Images

Netanyahu set to meet Trump amid differences over Iran, tariffs and Turkey: What to know

WASHINGTON, DC - JANUARY 28: U.S. President Donald Trump and Israeli Prime Minister Benjamin Netanyahu participate in a joint statement in the East Room of the White House on January 28, 2020 in Washington, DC. The news conference was held to announce the Trump administration's plan to resolve the Israeli-Palestinian conflict. (Photo by Sarah Silbiger/Getty Images)

OPEC+ members boost output as Trump tariffs bring down oil prices

Thomas Kronsteiner/Getty Images

Traffic flows on a main road past electricity transmission towers in Tehran, on Dec. 16, 2024.

Iran's energy crisis shuts 80 power plants as rial plummets: What to know

Amid freezing temperatures and increased demand for heat, Iran is facing an acute energy crisis that has all but shut down the country.

In this pool photograph distributed by the Russian state agency Sputnik, Russia's President Vladimir Putin meets with Iran's President Masoud Pezeshkian on the sidelines of an international forum "Interrelation of times and civilizations - basis of peace and development" dedicated to the 300th anniversary of poet Magtymguly Fragi's birthday in Ashgabat on October 11, 2024. (Photo by Alexander SHCHERBAK / POOL / AFP) (Photo by ALEXANDER SHCHERBAK/POOL/AFP via Getty Images)

India-Europe corridor, trade top Russian delegation talks in Iran: What we know

The visit occurs at a pivotal moment for the evolving partnership and the challenges it faces under international sanctions and scrutiny, coupled with regional dynamics that have seen both sides in graver need of one another.

FADEL SENNA/AFP via Getty Images

UAE Middle East's most economically competitive country in 2024: IMD

In the IMD World Competitiveness Yearbook 2024, the UAE climbed three places to seventh in the world, out of 67 countries. Saudi Arabia ranked at 16th, Bahrain at 21st, Kuwait at 37th, Jordan at 48th and Turkey at 53rd.

United Arab Emirates

A US Navy Martin UAV drone flies over the Gulf waters as Royal Bahrain Naval Force (RBNF) Abdulrahman Al Fadhel takes part in joint naval exercise between US 5th Fleet Command and Bahraini forces, on October 26, 2021. - The US and Bahrain navies conducted a joint exercise at sea, launching a series of drills integrating unmanned systems into regional maritime operations. (Photo by Mazen Mahdi / AFP) (Photo by MAZEN MAHDI/AFP via Getty Images)

Bahrain announces UK inclusion in key security pact with US

Bahrain signed the Comprehensive Security Integration and Prosperity Agreement with the Biden administration in September 2023; Manama plans to turn it into a multilateral agreement with more members amid regional threats.

Senior Iranian and Chinese officials held talks in Tehran on expanding bilateral ties in various areas, particularly in the economic field.

Senior China delegation in Iran to discuss 'strategic partnership,' economic ties

Iran hosted a Chinese delegation on Tuesday and Wednesday in a step to solidify a 2021 strategic partnership agreement, but can the two countries’ partnership weather the upcoming Donald Trump presidency?

LUDOVIC MARIN/AFP via Getty Images

France's Macron eyes defense deals, Lebanon support on Saudi state visit

French President Emmanuel Macron will meet Saudi Crown Prince Mohammed bin Salman for a one-on-one dinner on Tuesday.

This picture taken on Aug. 25, 2022 shows the France flag and Algeria flag ahead of the arrival of French President in Algiers for an official visit.

Analysis

What lessons can France draw from Algeria-Spain trade reset?

Algeria’s central bank has ordered the unfreezing of trade with Spain after nearly two and half years of economic retaliation in return for Madrid endorsing Morocco's autonomy plan for Western Sahara.

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

Heineken

Heineken to draft in Gulf’s first large-scale brewery in Dubai

The Dubai-based brewery will begin construction in late 2025 and has secured all necessary permits, Heineken said in a statement.

United Arab Emirates

Algerian People's National Council

Iran sends senior delegation to Algeria, Tunisia as relations warm

This week, a high-level Iranian delegation is visiting Algeria and Tunisia for talks with senior officials from both North African countries.

A picture taken on Nov. 23, 2016, shows a phosphate rock production site at the Maaden Aluminium Factory in Ras Al-Khair Industrial area near Jubail City, 570 kms east of the Saudi capital Riyadh.

Saudi Arabia seeks mining deals with Chinese, Indian and Canadian firms in industry push

Companies from China and India announced billions of dollars' worth of investments in the Saudi mining sector, while Canadian companies could win contracts in the kingdom.

Iran's Islamic Revolutionary Guard Corps special forces fire a short-range missile during a military drill in the Gulf of Oman near Iranian southern port town of Bandar-e-Jask on Tuesday, April 4, 2006.

Iran and Azerbaijan hold joint military drills in sign of easing tensions

Iran and Azerbaijan are at odds over the planned Zangezur Corridor through Armenia, as well as Baku’s relations with Israel.

Turkey's President Recep Tayyip Erdogan (L) gestures as he welcomes Crown Prince of Saudi Arabia Mohammed bin Salman (R) during an official ceremony at the Presidential Complex in Ankara, on June 22, 2022. - Saudi Arabia's de facto ruler took a big step out of international isolation on June 22, 2022, paying his first visit to Sunni rival Turkey since the 2018 murder of journalist Jamal Khashoggi in the kingdom's Istanbul consulate. (Photo by Adem ALTAN / AFP) (Photo by ADEM ALTAN/AFP via Getty Images)

Analysis

What's driving Saudi-Turkish momentum as trade set to pass $8B?

As economic relations between Riyadh and Ankara continue to warm, Turkish construction companies are finding Saudi Arabia full of opportunity.

Sabena Siddiqui

By Sabena Siddiqui

In Karachi, reporting on South Asia, Middle East, Iran