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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 exterior of a 787 Dreamliner at the Boeing manufacturing facility in North Charleston, on December 13, 2022. - Betting on robust demand for international travel, United Airlines on Tuesday unveiled an order of 100 new Boeing 787 Dreamliners with options for an additional 100 jets. (Photo by Logan Cyrus / AFP) (Photo by LOGAN CYRUS/AFP via Getty Images)

Saudi Arabia to buy 121 Boeing-787s in ‘historic’ $37 billion deal

The agreements make up the fifth-largest commercial order by value in Boeing’s history and is valued at nearly $37 billion.

Israeli Foreign Minister Eli Cohen addresses a joint press conference after talks with his German counterpart at the Foreign Office in Berlin, Germany on February 28, 2023. (Photo by Odd ANDERSEN / AFP) (Photo by ODD ANDERSEN/AFP via Getty Images)

After thaw with Iran, Saudi Arabia sends negative signals to Israel

From Israel’s point of view, the China-brokered Iran-Saudi Arabia agreement could dramatically hamper its efforts to normalize with Riyadh.

An F-16 pilot from an airbase in Saudi Arabia gets ready to disembark from his aircraft after he was diverted to Kuwait because of bad weather after his mission into Iraq March 26, 2003 as Operation Iraqi Freedom continues after a pause in the air campaign due to bad weather. (Photo by Paula Bronstein/Getty Images)

Saudi Arabia, Qatar, Egypt rank among world’s top 10 arms importers: SIPRI

Middle East countries made up more than a fourth of the top 40 global arms importers from 2018 to 2022, according to a new report.

A man in Tehran holds a local newspaper reporting on its front page the China-brokered deal between Iran and Saudi Arabia to restore ties, signed in Beijing the previous day, March 11, 2023.

China triumphs with Saudi-Iran deal, but devil in implementation

The deal marks a turning point in Middle Eastern politics, but China may find its role undermined by failures in implementation.

Justin Sullivan/Getty Images

Silicon Valley Bank collapse reverberates in Israel, Gulf

Israeli startups had a lot of money in Silicon Valley Bank and may need the government’s help.

Riyadh Air

Saudi’s new Riyadh Air set to compete with Emirates, Qatar Airways

The airline is expected to better connect travelers to Saudi Arabia’s cultural and natural attractions, create more than 200,000 jobs and add $20 billion to non-oil gross domestic product.

Tasos Katopodis/Getty Images for Freedom House

MidEast freedom rankings: Syria worst, Tunisia in decline, says Freedom House

Syria remains to be the least and Israel the best performing country when it comes civil and political freedoms while the biggest one-year decline has been observed in Tunisia.

Saudi-Iran-China

Analysis

China leaps into Saudi-Iran diplomacy as nuclear talks move

Iranian official says next move on prisoner exchange depends on US.

Week in Review

Andrew Parasiliti

By Week in Review , Andrew Parasiliti

OREN BEN HAKOON/AFP via Getty Images

Israeli leaders trade accusations over Saudi-Iran rapprochement via China

Coalition and opposition leaders are trading accusations over which government is to blame over the relations-renewal deal between Tehran and Riyadh.

An aerial view shows the Kingdom Centre skyscraper (Kingdom Tower) and the King Fahad road in the Saudi capital Riyadh, on May 24, 2020. (Photo by FAISAL AL-NASSER/AFP via Getty Images)

Saudi Arabia’s 2022 GDP breaks record, exceeds $1 trillion

Saudi Arabia’s government report states that it achieved its highest gross domestic product growth rate in over a decade in 2022 at 8.7% and broke its total amount record of more than $1 trillion last year.

The Ritz hotel is pictured in central London on May 18, 2020.

UK Islamic bank: Soccer boosting Gulf property investments

Andrew Ball, the CEO of the Bank of London and The Middle East (BLME), spoke to Al-Monitor about how soccer is fueling a rise in Gulf investment in northern England.

china saudi iran

Iran, Saudi Arabia to resume relations in China-brokered deal

The deal to resume diplomatic ties was brokered by China and follows Iranian President Ebrahim Raisi’s visit to Beijing.