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
Elon Musk denies report that Saudi Arabia, UAE intend to invest in SpaceX An arm of Saudi Arabia’s Public Investment Fund and an Abu Dhabi-based company were reported to be looking to invest in Elon Musk’s SpaceX, according to The Information, which cited people familiar with investor discussions. Legacy: Gulf
Analysis Qatar-UAE 'fraternal' meetings offer sign of growing rapprochement Although immediate economic partnerships or deals from the UAE and Qatar meetings have yet to be announced, the latest meetings are still a sign that the two Gulf nations are headed into a thaw after years of boycott. By Salim A. Essaid
COP-28 head Sultan Al Jaber: UAE ‘running toward’ energy transition As the climate summit president continues to face criticism for his role as head of the UAE's state oil producer, Sultan Al Jaber argued that his position will serve more as an asset than an obstacle to energy transition. Legacy: Gulf
Bahrain hotel to accept cryptocurrency payments Crypto continues to grow in Bahrain despite the global crash. Legacy: Gulf
IMF director credits Gulf, India in boosting global economy The World Government Summit highlighted critical issues with the global economy and announced flying taxis in Dubai. Legacy: Gulf
Pentagon, State Department officials in Saudi Arabia to talk Iran strategy Like its predecessors, the Biden administration wants Gulf Cooperation Council states to share air defense intel to defuse potential attacks by Iran, but will they work together? Legacy: Gulf
OPEC Fund raises $1 billion via sustainability bond Gulf states in the organization are showing increasing interest in funding projects related to the environment, renewable energy and green technology. Legacy: Gulf
Analysis Africa seeks GCC-like economic trust at US summit Since the United States' last summit of its kind in 2014, US foreign direct investment (FDI) in Africa dropped from $69 billion to $44.81 billion in 2021. By Salim A. Essaid
Gulf currencies pegged to dollar keep migrant workers’ families afloat While the strong dollar has played in favor of Gulf migrant workers, they are not exempt from wage increases falling behind the inflation rate. Legacy: Gulf
China’s Xi heads to Saudi Arabia, adding strain to US ties Xi's visit to Saudi, the first in six years, will include two summits with Arab and GCC leaders and could see an agreement on nuclear technology Legacy: Gulf
Kuwait benefits from oil price boom but long-term economic challenges loom Key reforms and a lack of a diversified economy remain only two of Kuwait's major challenges. Legacy: Gulf
