Abu Dhabi merges ADQ into new wealth fund L'IMAD: What to know Under the new structure, Sheikh Khaled bin Mohammed, the crown prince of Abu Dhabi, will oversee a broader swath of the emirate’s investment holdings. United Arab Emirates
Saudi defense chief visits White House as Riyadh wary of Iran strike The visit is occurring as the Pentagon amasses an armada off Iran and the United States continues to threaten to strike the Islamic Republic militarily. Saudi Arabia
UAE launches sovereign open-source AI model K2 Think: What to know The Gulf state is one of the few countries in the world developing its own sovereign open-source AI model to counter the dominance of the United States and China in the sector. United Arab Emirates
Thousands rally for South Yemen independence amid Saudi diplomatic push Large protests called for southern independence in Yemen on Friday, reflecting persistent support for the separatists despite the Saudi-backed government’s efforts to quash the separatist movement. Yemen
Analysis Can Gulf investors outstrip China in Africa as UAE expands reach? As the UAE, Saudi Arabia and other GCC states boost investments in Africa,Beijing’s Belt and Road Initiative could face serious challenges. By Sabena Siddiqui In Karachi, reporting on South Asia, Middle East, Iran
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
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
Saudi Arabia looks to Japan to hedge exposure to China Expanding economic ties with Japan is a focus of Saudi Arabia’s economic diversification plan as it looks to venture into new industries, including auto manufacturing and gaming. By Sebastian Castelier In Dubai, reporting on regional business
Saudi crown prince cancels Japan trip over King Salman's health concerns The Saudi Press Agency reported Sunday that the crown prince’s 88-year-old father, King Salman Bin Abdulaziz, was suffering from lung inflammation and will be treated at the Al Salam Palace in Jeddah. Saudi Arabia
In Japan, Saudi Arabia's crown prince eyes expansion of energy, defense ties In an upcoming visit to Tokyo, the Saudi crown prince will have an audience with the Japanese prime minister, among others, to discuss a "broad range" of issues. Saudi Arabia
Gulf consolidates stature as sovereign wealth hub, lags on per capita holdings A frenzy of recent initial public offerings has again highlighted Gulf states' statuses as global wealth hubs. By Sebastian Castelier In Dubai, reporting on regional business
Arab League calls for 'immediate' Israeli withdrawal from Gaza, deployment of international force The statement further expresses the Arab nations' “firm position for a just and comprehensive peaceful settlement of the Palestinian issue” and their support for an international peace conference on the Israeli-Palestinian conflict. Palestine
As Saudi Arabia pushes socioeconomic change, arrests show limits to reform Riyadh has been heavily investing in its economic diversification agenda but a slate of recent arrests over citizens' social media posts and other alleged state violations highlight the limits of Saudi Arabia's socioeconomic reforms. By Sebastian Castelier In Dubai, reporting on regional business
Dubai crowned wealthiest city in Middle East, home to 72,500 millionaires The number of individuals in Dubai with liquid investment wealth — assets that can be readily converted to cash — of $1 million or more increased by 78% between 2013 and 2023 to 72,500, according to a report. United Arab Emirates
Turkey and Kuwait sign six deals as Erdogan hosts country's Emir The Kuwaiti emir traveled to Turkey for his first foreign visit to a non-Arab country since he took the oath of office in December. Turkey
Chinese investors skeptical as Gulf pushes for deeper economic ties with Beijing Gulf states are building economic ties with Beijing in non-energy fields, but Chinese investors remain skeptical of ambitious economic diversification plans in the Gulf. By Sebastian Castelier In Dubai, reporting on regional business
