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.

This photograph taken on June 7, 2023, shows an Qatar Airways Airbus A320 aircraft landing at the newly opened runway of Belgrade Nikola Tesla airport. The opening of Belgrade airport's new runway marked the completion of one of the major infrastructure projects undertaken by French operator Vinci, since taking over the concession in late 2018. (Photo by Andrej ISAKOVIC / AFP) (Photo by ANDREJ ISAKOVIC/AFP via Getty Images)

Qatar, Turkey, UAE airlines ranked among top 10 globally: Skytrax

Qatar Airways lost the top spot, while Saudia and Oman Air made big jumps.

Kuwait's Prime Minister Sheikh Ahmad Nawaf al-Ahmad al-Sabah (R) meeting with Iran's Foreign Minister Hossein Amir-Abdollahian (L), in Kuwait City

Iran top diplomat in Kuwait on third leg of Gulf tour

Agence France-Presse

This photo taken on March 7, 2023 shows a cargo ship powered by LNG (Liquefied Natural Gas) loaded with containers at a port in Qingdao, in China's eastern Shandong province. (Photo by AFP) / China OUT (Photo by STR/AFP via Getty Images)

China signs major LNG deal with Qatar as Beijing’s Gulf push continues

QatarEnergy inked a 27-year agreement with the China National Petroleum Corporation (CNPC) to provide 4 million tons of LNG per year.

KARIM SAHIB/AFP via Getty Images

UAE, Qatar reopen embassies after years of political rift

The Emirati and Qatari foreign ministers held a phone call ahead of the two embassies restarting their diplomatic functions on Monday.

United Arab Emirates

Dubai economy

Oil leaves invisible footprint on Gulf's non-oil economies

Touted progress in diversifying Gulf economies beyond the fossil fuel rent comes with a caveat. Oil and gas revenues indirectly propel large chunks of the non-oil economy through public expenditures such as wages, subsidies and infrastructure spending.

Russian President Vladimir Putin meets with UAE President Sheikh Mohamed bin Zayed al-Nahyan on the sidelines of the Saint Petersburg International Economic Forum (SPIEF) in Saint Petersburg on June 16, 2023. (Photo by Ilya PITALEV / SPUTNIK / AFP) (Photo by ILYA PITALEV/SPUTNIK/AFP via Getty Images)

Putin, MBZ meet in St. Petersburg, vow to boost Russia-UAE ties

UAE President Sheikh Mohammed bin Zayed Al Nahyan called for de-escalation of the Russia-Ukraine war and a political resolution.

United Arab Emirates

Justin Rose of England and his caddy look on.

US Justice Department investigating Saudi LIV Golf-PGA Tour merger: reports

The revelation follows action taken by some members of Congress in response to the Saudi sovereign wealth fund-backed golf league’s deal with the US-based PGA Tour.

A worker is seen at the Kuwait Global Steel Services factory in Kuwait City on December 5, 2018. (Photo by Yasser Al-Zayyat / AFP) (Photo credit should read YASSER AL-ZAYYAT/AFP via Getty Images)

Gulf industrialization potential gains traction

The global push to decarbonize supply chains and the rise of a multipolar world is an opportunity for the Gulf to emerge as an energy-rich industrial hub equidistant from Asia, Africa and Europe.

Sebastian Castelier

Sebastian Castelier

In Dubai, reporting on regional business

Saudi Foreign Minister Faisal bin Farhan arrives at Damascus airport, on April 18, 2023. - Bin Farhan's is the first visit to Syria's capital by a Saudi official since the start of the country's civil war in 2011. (Photo by LOUAI BESHARA / AFP) (Photo by LOUAI BESHARA/AFP via Getty Images)

Saudi FM to visit Iran in first after China deal, Iranian press reports

The visit will be the first in years during which Saudi Arabia and Iran were locked in a bitter conflict that has been felt across the region.

Omani Foreign Minister Sayyid Badr al-Busaidi.

Interview

Oman FM says US, Iran 'close' on prisoner deal

Oman's foreign minister told Al-Monitor that the two sides are ironing out the details on a deal to release the prisoners.

Sayyid Badr Albusaidi

Sayyid Badr Albusaidi

Foreign Minister of Oman

Kurt Tocci attends the world premiere of "Spider-Man: Across The Spider-Verse."

Culture

Saudi Arabia bans new Spider-Man movie that features transgender flag

A few issues of censorship of LGBTQ content have occurred in the Gulf recently, though Saudi authorities did not say exactly why “Spider-Man: Across the Spider-Verse” will not be shown.

Israel drone

Arab states make up 24% of Israel’s 2022 arms exports including drones

Out of the record-high $12.5 billion in Israeli defense exports in 2022, almost $3 billion were export deals with Arab countries.