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. By Samuel Wendel In Washington, DC, reporting on regional business and tech
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. By Jennifer Gnana , Samuel Wendel
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
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. Yemen
Analysis Telegram CEO's arrest spotlights UAE’s investment-based citizenship laws By Jennifer Gnana In Dubai, reporting on Gulf energy policy and politics
Saudi Arabia sees 'steep decline' in demand for large houses The kingdom's growing younger population is seeking to move out of their family homes earlier to seek jobs elsewhere in the country. Gulf
Credit Suisse calamity could see Gulf investors shift priorities, avoid banking deals Credit Suisse’s March meltdown continues to reverberate across the Gulf. Here's how it could impact regional investments going forward. Samuel Wendel In Washington, DC, reporting on regional business and tech
Saudi firms face 6.7% higher Twitter verification fees than US Syria, Sudan, Iran, the West Bank and Gaza Strip are not on the price list and appear to be unable to purchase this subscription. Gulf
Saudi continues regional reshuffle in hosting Egypt's Sisi, opening to Assad The meeting between President Abdel Fattah al-Sisi and Saudi Crown Prince Mohammed bin Salman comes as Egypt faces a deepening economic crisis and the region witnesses major realignments. Gulf
Oil prices rise by 5% after OPEC's surprise output cut decision Brent Crude had its sharpest price increase in almost a year on Monday after reports that major oil producers will slash their output. Gulf
OPEC+ likely to maintain output in light of Kurdish oil dispute Analysts say the OPEC+ alliance is unlikely to cut production and there could be be a oil glut in the second half of 2023. Gulf
Saudi's Aramco could list in Hong Kong as China relations warm Aramco's latest deals in the Chinese market are fueling speculation that the Saudi giant could be set to list one of its subsidiary companies on the Hong Kong Stock Exchange (HKSE). Gulf
UAE Central Bank revokes license of Russia's MTS Bank as sanctions tighten The Central Bank of the UAE plans to close the Russian bank’s operations within six months from the date of the decision. Gulf
UAE, Qatar lead Middle East in 2023 global foreign investment ranking The United Arab Emirates sat in the top position among MENA markets and ranked 4th globally. Gulf
US hopes Saudi-Iranian deal can dent arms flow to Yemen's Houthis A senior US government official says the Houthi rebel group in Yemen is likely feeling the pressure after its main backer, Iran, agreed to restore relations with Saudi Arabia. Gulf
UAE's Mohamed bin Zayed names eldest son Khaled as crown prince Sheikh Khaled, who has promoted several projects in the UAE, was also mentioned in the Pandora Papers for his alleged business partnership in an offshore investment company. Gulf
China settles first LNG trade in yuan with UAE deal China has held several discussions with countries in the Middle East and North Africa about conducting trade using its local currency. Gulf
