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

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.

Abrams tank

US approves $500 million sale of spare parts to Saudi military

The announcement comes a day after Crown Prince Mohammed bin Salman said that Saudi normalization with Israel is getting closer.

Anwar Gargash

Al-Monitor/Semafor summit: UAE seeks ‘ironclad’ defense agreement from the US, Anwar Gargash says

UAE presidential adviser Anwar Gargash said growing ties with countries like China will not replace its reliance on the United States for security.

King of Jordan

Highlights: Al-Monitor/Semafor Middle East Global Summit

The Al-Monitor & Semafor inaugural Middle East Global Summit on the sidelines of the UN General Assembly meetings on Wednesday brought together the region’s leaders, newsmakers and business heads.

Red Sands

Pentagon expands counter-drone exercise with Saudi Arabia, eyeing Iran threat

US and Saudi forces teamed up to shoot down simulated complex drone attacks in the Saudi desert last week as Pentagon officials warn Iran is likely learning from Russia's use of one-way attack drones in Ukraine.

US Secretary of State Antony Blinken attends breakfast with the foreign ministers of the Gulf Cooperation Council (GCC) on September 18, 2023 in New York.

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.

DANIEL SLIM/AFP via Getty Images

From Iran to Israel, 5 Middle East stories to watch at UNGA summit

The US agenda includes a long-sought meeting between President Joe Biden and Israeli Prime Minister Benjamin Netanyahu.

An Iranian Revolutionary Guard speedboat cruises past an oil tanker off the port of Bandar Abbas, southern Iran, on July 2, 2012. Iran has come up with several methods to foil the European insurance embargo on ships loaded with its crude, a sanction which may harm its vital exports as much as the EU oil embargo itself. AFP PHOTO/ATTA KENARE (Photo credit should read ATTA KENARE/AFP/GettyImages)

Iran's IRGC claims to seize 2 oil tankers in Gulf

Iran claims to have captured two foreign oil tankers in the Persian Gulf carrying smuggled fuel and arrested their crews.

Captagon

Dubai's $1 billion Captagon bust ranks as one of world’s biggest

Sales of the highly addictive stimulant continue to fund the Syrian government, despite regional efforts to break up smuggling rings.

United Arab Emirates

ABDEL GHANI BASHIR/AFP via Getty Images

Saudi Arabia executes two soldiers convicted of 'treason'

Saudi Arabia has one of the highest execution rates in the world.

Bahrain's Prime Minister and Crown Prince Salman bin Hamad al-Khalifa and US Secretary of State Antony Blinken sign a security integration and prosperity agreement at the US Department of State on September 13, 2023, in Washington, DC. (Photo by Brendan Smialowski / AFP) (Photo by BRENDAN SMIALOWSKI/AFP via Getty Images)

US touts Bahrain defense agreement as model for Middle East strategy

The upgrade to US-Bahrain ties marks the latest sign of Biden's emerging Middle East strategy following the announcement of the India-Middle East-Europe Economic Corridor at the G20 summit last week.

Interview

Fintech, digital sukuk could spur Islamic finance growth in Middle East

The Gulf has seen a boom in funding for fintech startups, more than quadrupling from $200 million in 2020 to $885 million last year.

Mohamed Damak

Mohamed Damak

Global Head of Islamic Finance at S&P

Nvidia’s headquarters in Santa Clara, California

Middle East’s AI ambitions caught between US-China chip war

The Middle East is becoming a key theater of operations in the US-China tech war — with semiconductor chips squarely in the crosshairs.

Samuel Wendel

In Washington, DC, reporting on regional business and tech