Analysis India's Modi visits Saudi Arabia, seeks to boost trade route to counter China India's largely transactional relationship with Saudi Arabia has moved beyond oil sales to a more strategic and closer partnership. By Jennifer Gnana In Dubai, reporting on Gulf energy policy and politics
Analysis Why low oil prices under Trump are unlikely to curb Middle East output Prices stood around $100 a barrel in 2022, under the Biden administration, but hovered between $63 and $66 this past week. By Jack Dutton In Bristol, reporting on regional business, climate change, AI, tech
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. By Jennifer Gnana In Dubai, reporting on Gulf energy policy and politics
After steep fall, oil prices slightly recover following Trump tariff pause Over the last week, oil prices have plummeted amid the escalating trade war between the United States and China. Saudi Arabia
Saudi PIF ups investment in China’s Alibaba-backed tech fund eWTP Arabia Capital invests in energy and technology start-ups across the Middle East, North Africa and Asia. Saudi Arabia
Kuwait, Qatar, UAE telecoms merge assets into $2.2B tower company Three Gulf companies will create a new entity, which has not yet been publicly named, combining around 30,000 tower assets in Algeria, Iraq, Jordan, Kuwait, Qatar and Tunisia. Gulf
Italy and Saudi Arabia in talks for major deals as ties grow under Meloni The government of Italian Prime Minister Giorgia Meloni, which came into power in October 2022, has been working to deepen ties with energy- and cash-rich states in the Middle East and North Africa. Saudi Arabia
Saudi Arabia to sign more than $500M in deals with African countries Saudi Investment Minister Khalid Al-Falih said the kingdom’s sovereign wealth fund, the Public Investment Fund, will make some “game changing” investments in Africa. Saudi Arabia
What the Gulf states new unified visa means for Saudi, UAE, other citizens The new Schengen-like visa — allowing seamless travel between members Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates — will be introduced during 2024-25. Gulf
Saudi Arabia's oil cuts weigh heavy on economy, GDP tanks by 4.5% The kingdom's economy shrunk by the most since the COVID-19 pandemic in 2020 due to energy measures. Saudi Arabia
Italy's FM in Saudi Arabia to talk energy partnerships, investments as ties grow The far-right government of Italian Prime Minister Giorgia Meloni has worked to strengthen ties with Saudi Arabia and the United Arab Emirates. Saudi Arabia
Saudi Arabia projects $21 billion deficit as economy diversifies from oil The kingdom was among the world’s fastest-growing economies last year with almost 9% GDP growth after a petrodollar boom amid a global rise in energy prices due to inflation and the Ukraine war. Saudi Arabia
Pakistan, Gulf Cooperation Council sign 'preliminary' free trade agreement When the final trade deal comes into effect, it will likely be the GCC's first since 2009. Gulf
Blinken defends Iran prisoner swap at meeting with Gulf counterparts The US secretary of state also touted the India-Middle East-Europe Economic Corridor, seen as competition to China’s Belt and Road Initiative, ahead of the discussion with Gulf Cooperation Council member states. Gulf
UAE trade offensive continues, this time with New Zealand deal The UAE is looking to secure its sixth trade agreement of the year as it increases its non-oil trade globally, with intentions to reach $1.09 billion by 2031. United Arab Emirates
Analysis With Ukraine summit, Saudi Arabia boasts mediator role, courts West One expert believes that the talks will also take Western pressure off the kingdom for its close alignment with Russia. By Jack Dutton In Bristol, reporting on regional business, climate change, AI, tech