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 to deposit $5 billion in Turkey after earthquake Turkey is experiencing a shortage of foreign currency amid its economic crisis and is looking to the Gulf for help. Turkey
Saudi TV series about Islamic history triggers Iraq’s sectarian divide The Saudi-based MBC media group’s announcement that it would broadcast a TV series about a controversial figure in Islamic history, Mu'awiya bin Abi Sufyan, has faced strong backlash from Shiites in Iraq and the region. Legacy: Gulf
US, Saudi Arabia to conduct first counter-drone exercise without allies As tensions heat up with Iran, the Pentagon hopes the Red Sands exercises will convince allies in the Middle East that Western counter-drone technology is still better than China's. Legacy: Gulf
Oil recovers after UAE says no plans to leave OPEC The price of Brent crude oil fell after a report on tension in the oil cartel between the United Arab Emirates and Saudi Arabia. Legacy: Gulf
Turkey, UAE ink free trade deal in latest thaw The deal marks a new height in improving ties between Ankara and Abu Dhabi after years of locking horns. Turkey
Saudi Arabia invests $51 billion in first wave of Shareek diversification The Shareek investment and diversification strategy is set to create more than 64,000 jobs by 2040. Saudi Arabia
Pentagon chief Lloyd Austin to visit Israel, Jordan, Egypt The Pentagon chief's second tour of the Middle East comes as diplomatic efforts to return to the 2015 Iran nuclear deal appear to have run out of gas. Legacy: Gulf
UAE sends second astronaut to space on longest Arab mission Sultan Saif AlNeyadi will collaborate with NASA and other international space agencies to conduct 19 scientific studies in a wide array of fields. Legacy: Gulf
UAE's Dubai ranks fourth in luxury residential sales in 2022 Luxury home sales that exceeded $10 million each in Dubai amounted to 219 in 2022, only ranking behind New York (244), Los Angeles (225) and London (223). Legacy: Gulf
Oman's Abraj signs energy deal with Saudi's Chevron, Kuwait's Gulf Oil Oman’s Abraj Energy Services will also sell a major stake on the Muscat Stock Exchange soon. Legacy: Gulf
US announces $444 million to Yemen as humanitarian needs soar Despite the fresh US assistance, a donors conference for Yemen raised less than one-third of what the United Nations said is needed to avert further humanitarian crisis. Yemen
UAE, Egypt, Jordan, Bahrain sign 12 industrial agreements worth $2 billion The third Higher Committee Meeting of the Industrial Partnership for Sustainable Economic Development wrapped up in Amman with 12 new agreements on industrial projects. Legacy: Gulf
