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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.

Turkey's President Recep Tayyip Erdogan (L) reviews the honour guard as he welcomes Crown Prince of Saudi Arabia Mohammed bin Salman (R) during an official ceremony at the Presidential Complex in Ankara, on June 22, 2022. (Photo by ADEM ALTAN/AFP via Getty Images)

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.

Shiite Muslim pilgrims gather to pray at the shrine of the 8th-century Imam Musa al-Kadhim in the Kadhimiya district, north of Baghdad, on February 17, 2023. (Photo by AHMAD AL-RUBAYE/AFP via Getty Images)

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.

US and Saudi tanks take part in the "Eager Lion" multinational military manuever, in the Al-Zarqa governorate, some 85km northeast of the Jordanian capital Amman, on September 14, 2022. (Photo by KHALIL MAZRAAWI/AFP via Getty Images)

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.

GIUSEPPE CACACE/AFP via Getty Images

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.

Turkish President Recep Tayyip Erdogan (R) and Abu Dhabi's Crown Prince Sheikh Mohammed bin Zayed Al Nahyan pose as they attend a signing ceremony regarding the agreements between the two countries at the Presidential Complex in Ankara, on November 24, 2021. (Photo by ADEM ALTAN/AFP via Getty Images)

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.

HRH Crown Prince Mohammed bin Salman.

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.

US Defense Secretary Lloyd Austin.

Breaking | Last Updated: March 2, 2023, 2:44 pm

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.

People watch the lauching of NASA and SpaceX Dragon Crew-6 mission to International Space Station, at the Mohammed bin Rashid Space Centre (MBRSC) in Dubai on March 2, 2023. - A SpaceX Falcon 9 rocket blasted off to the International Space Station carrying two NASA astronauts, a Russian cosmonaut and the second Emirati to voyage to space. (Photo by KARIM SAHIB/AFP via Getty Images)

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.

Boats are anchored in the Dubai Creek surrounded by high-rise buildings in the Gult emirate, on February 18, 2023. - Home to towering skyscrapers and ultra-luxury villas, Dubai saw record real estate transactions in 2022, largely due to an influx of wealthy investors, especially from Russia. (Photo by KARIM SAHIB/AFP via Getty Images)

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).

Abraj Energy Services.

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.

People displaced by conflict receive food aid and provisions to meet their basic needs.

Breaking | Last Updated: February 27, 2023, 5:04 pm

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.

Mohammed bin Zayed Al Nahyan, President of the United Arab Emirates, Egyptian President Abdel Fattah El-Sisi and United Nations Secretary-General Antonio Guterres attend the Sharm El-Sheikh Climate Implementation Summit (SCIS) of the UNFCCC COP27 climate conference on November 07, 2022 in Sharm El Sheikh, Egypt. (Photo by Sean Gallup/Getty Images)

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.