What does Amazon war damage mean for Gulf cloud expansion? Amazon’s cloud computing unit said the damage was sustained to its facilities in Bahrain and the United Arab Emirates, casting doubt over multibillion-dollar investments in the region. Bahrain
US expands Iran campaign with strikes on oil tankers Airstrikes on Iranian oil tankers mark a subtle tactical pivot after months of periodic bombardment targeting IRGC military infrastructure failed to shut down the IRGC’s attacks in Hormuz. Iran
UAE investment fuels Syria's postwar economic recovery with $7B property deal The deal would see UAE-based Arada develop a major real estate project in Damascus. Syria
Sultan of Oman meets UAE's MBZ as Iran-Hormuz talks advance The talks come as Oman is in the midst of negotiations with Iran over the Strait of Hormuz. Oman
Saudi Arabia invests $51 billion in first wave of Shareek diversification The Shareek investment and diversification strategy is set to create more than 64,000 jobs by 2040. Saudi Arabia
Iraq rolls out new plan to reduce chronic Baghdad traffic Successive Iraqi governments have tried but failed to address the problem of traffic in the capital. Sudani's plan involves building new bridges and overpasses. Iraq
South Korea’s Samsung to help Saudi Public Investment Fund with construction projects Saudi Aramco has also strengthened its ties to South Korean companies recently. Legacy: Gulf
Saudi Arabia launches investment fund for sports, entertainment events Crown Prince Mohammed bin Salman’s aggressive modernization plans have been criticized for being overly ambitious. Legacy: Gulf
Saudi Public Investment Fund partners with BlackRock The US investment firm also signed a cooperation deal with the UAE earlier this year. Legacy: Gulf
Saudi Arabia partners with Senegal on railway, desalination plant The UAE, Israel and Turkey have also upped their engagement with African states in recent years. Saudi Arabia
Egypt explores production of green fuels for ships Egypt plans to cooperate with the Maersk global shipping group to establish a national network to produce and distribute green fuel for ships, depending on new and renewable energy sources, as the country gears up to host the COP27 climate summit. Egypt
Palestinian businessman seeks self-funded projects to support Gaza economy An agreement of $1 million was signed to restore industrial facilities that were destroyed in the May 2021 war on Gaza, which came as a glimmer of hope for the stricken industrial city. Palestine
Cairo evicts Nile island residents for development project Egyptian security forces and residents of the Nile River's Warraq Island are clashing as the government tries to evict them as part of a development plan. Egypt
UN, Turkey and Ukraine discuss grain exports, nuclear safety Turkey and Ukraine sign a memorandum of understanding on reconstruction of Ukrainian infrastructure destroyed by war. Turkey
Iraq starts rebuilding Mosul airport Determined to complete the delayed Mosul airport reconstruction project, Prime Minister Mustafa al-Kadhimi is granting the project special exceptions to shield it from corruption and complex administrative procedures. Iraq
Mega projects do little to calm Iraq's housing crisis Despite several mega housing projects launched in Iraq, most notably the Al-Rafeel City project and Bismayah New City in Baghdad, Iraq still needs millions of houses to end the housing crisis. Iraq
