Legacy: Gulf - AL-Monitor: The Middle Eastʼs leading independent news source since 2012

Legacy: Gulf

The PwC Tower, or Libeskind Tower, Milan, March 12, 2021.

Analysis

Can Gulf states slash costly reliance on Western consultancies?

A one-year ban on PwC acquiring work in Saudi Arabia has highlighted the Gulf states' dependency on Western firms and the need to develop local consultancies and talent.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

Employees of Aramco oil company work in Saudi Arabia's Abqaiq oil processing plant on September 20, 2019.

Analysis

Can Saudi Arabia afford giga-projects with oil prices under $75 per barrel?

Riyadh could soon run a current account deficit as oil revenue declines amid huge spending commitments toward ambitious Vision 2030 projects. Saudi-led OPEC has also deferred an output increase plan to allow more time to reach desired oil prices.

Jennifer Gnana

Samuel Wendel

By Jennifer Gnana , Samuel Wendel

GIUSEPPE CACACE/AFP via Getty Images

UAE's final unit of Barakah nuclear reactor hooked to grid: What we know

The Emirates is the only Gulf country with a nuclear power program, though neighboring Saudi Arabia also has atomic power ambitions.

United Arab Emirates

A cargo ship is docked at the port of Yemen's Huthi-held city of Hodeida on July 28, 2024. Photo by -/AFP via Getty Images)

Saudi entity denies its ship hit as Houthis claim attack on Greek tanker

Saudi Arabia's national shipping company Bahri denied reports that its tanker Amjad came under attack by the Houthis, the Yemeni armed group that has stepped up attacks on oil tankers in the Red Sea.

Latest News

Analysis

Telegram CEO's arrest spotlights UAE’s investment-based citizenship laws

MUNICH, GERMANY - JANUARY 24: Pavel Durov of Vkontakte speaks during the Digital Life Design conference (DLD) at HVB Forum on January 24, 2012 in Munich, Germany. ence and culture which connects business, creative and social leaders, opinion-formers and investors for crossover conversation and inspiration. (Photo by Nadine Rupp/Getty Images)

Jennifer Gnana

By Jennifer Gnana

In Dubai, reporting on Gulf energy policy and politics

Heavy floods hit Dubai, airport as Oman toll rises to 18

Dubai's roads were badly hit by the heavy downpours

Agence France-Presse

Oman launches $5 billion 'Future Fund' in sign of economic progress

HAITHAM AL-SHUKAIRI/AFP via Getty Images

Al-Qaeda attack in Yemen kills 2 members of southern forces

Security forces deploy near Aden International Airport in Yemen's southern city on April 14, 2023 during a prisoner exchange between the internationally recognised-government and the Sanaa-based Huthi rebels.

The futuristic cityscape of Dubai with the Burj Khalifa, the world's tallest building.

What’s behind Dubai’s new 20% tax on foreign banks?

The UAE implemented its first-ever corporate tax last year in an effort to boost revenue amid the shift away from oil and gas.

BEDMINSTER, NEW JERSEY - JULY 28: Former U.S. President Donald Trump and Yasir al-Rumayyan, head of the sovereign wealth fund of Saudi Arabia, look on from the second tee during the pro-am prior to the LIV Golf Invitational - Bedminster at Trump National Golf Club Bedminster on July 28, 2022 in Bedminster, New Jersey. (Photo by Cliff Hawkins/Getty Images)

What does Donald Trump's latest $200 million deal with Saudi Arabia entail?

The former president, who is now the presumptive nominee for the Republican Party, has long had significant business ties to Saudi Arabia via his properties and the LIV Golf league.

The container ship, A Daisen, with the destination 'DJJIB ARMED GUARD' seen at sea on Jan. 17, 2024 in Djibouti, Djibouti.

Houthi attack on commercial ship off Yemen kills three sailors

US and coalition naval vessels responded to the scene after the Barbados-flagged True Confidence reported crew members killed in a Houthi missile strike.

A picture shows the new Iranian drone "Mohajer 10" during Iran's defence industry achievements exhibition in Tehran on August 23, 2023. Iran unveiled on August 22 its latest domestically built drone that can fly at a higher altitude and for a longer duration with enhanced weapons capabilities, state media reported. (Photo by ATTA KENARE / AFP) (Photo by ATTA KENARE/AFP via Getty Images)

Iran showcases Shahed drones, missiles at Qatar's defense exhibition

This year’s Doha International Maritime Defence Exhibition and Conference features Iranian drones, Russian warships and delegations from across Asia and Africa.

Kevin Dietsch/Getty Images

Gulf Starbucks operator to lay off 2,000 amid Gaza boycotts

Starbucks’ business has been significantly impacted by the Gaza war, and has faced boycott calls from pro-Palestinian and pro-Israel groups recently.

A picture taken during an organised tour by Yemen's Huthi rebels on November 22, 2023 shows the Galaxy Leader cargo ship, seized by Huthi fighters two days earlier, at a port on the Red Sea in Yemen's province of Hodeida. The Bahamas-flagged, British-owned Galaxy Leader, operated by a Japanese firm but having links to an Israeli businessman, was headed from Turkey to India when it was seized and re-routed to Hodeida November 19, according to maritime security company Ambrey. The Huthis said the capture was

How Red Sea attacks could rewire Middle East trade and economic cooperation

Samuel Wendel

In Washington, DC, reporting on regional business and tech

TOPSHOT - Saudi elite aerobatic flying team of the Royal Saudi Air Force Saudi Hawks performs during the aviation event 11th Athens Flying Week over Tanagra air base in Schimatari, north of Athens, on September 3, 2023. (Photo by Theophile Bloudanis / AFP) (Photo by THEOPHILE BLOUDANIS/AFP via Getty Images)

What’s behind flurry of Saudi helicopter deals with Airbus, Leonardo?

The Saudi sovereign fund’s helicopter firm inked several agreements during a helicopter expo in this week, choosing to partner with Airbus amid concerns about Boeing.

Turkish President Recep Tayyip Erdogan ( L) stands beside Somali President Hassan Sheikh Mohamud upon his arrival at the Aden Abdulle international airport in Mogadishu on Jan. 25, 2015.

Beyond Ethiopia & Somaliland, Turkey-Somalia defense deal fuels UAE rivalry

The latest deal between Ankara and Mogadishu emerges as a potential friction point for Turkey and the UAE as they vie for influence in Somalia.

ISMAILIA, EGYPT - JANUARY 10: A ship transits the Suez Canal towards the Red Sea on January 10, 2024 in Ismailia, Egypt. In the wake of Israel's war on Gaza after the October 7 Hamas attack on Israel, Houthi rebels in Yemen pledged disruption on all ships destined for Israel through the Red Sea's Suez Canal. The disruption on world trade is evident in the number of companies using this container ship route - a 90 per cent decline compared to figures one year ago. (Photo by Sayed Hassan/Getty Images)

Middle East economic powers gamble on new realities, from oil demand to Egypt’s future

Yasser Bakhsh/Getty Images

Why did Saudi soccer league suspend Cristiano Ronaldo?

Ronaldo’s time in Riyadh has been successful, but the Saudi Pro League is facing some challenges after luring many star players to the kingdom in 2023.

A US F/A-18 taxis to the runway of the USS Eisenhower in the southern Red Sea. Feb. 21, 2024

Analysis

US Navy faces down Houthi attacks as Washington signals open-ended effort

Saudi Arabia has restricted the US military from launching strikes in Yemen via Saudi airspace, leaving an aging US Navy aircraft carrier to shoulder the campaign in the Red Sea.

Jared Szuba

In Washington, DC, reporting on defense, national security, military

Muscat

Oman jumps 39 places on 2024 Economic Freedom Index, UAE ranks 22

Oman's economic reforms are paying dividends, according to the latest Heritage Foundation index on economic freedom.