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.

Vehicles of forces loyal to Libya's Tripoli-based Prime Minister Abdulhamid Dbeibah are parked along the waterfront (with the "That El Emad Towers" complex seen in the background) in the capital Tripoli on May 17, 2022 hours after forces of the rival Tobruk-based government withdrew following heavy fighting between opposing militias. (Photo by MAHMUD TURKIA/AFP via Getty Images)

UAE and Qatar manage shifting policies, fluid alliances in Libya

Riyadh, SAUDI ARABIA: A Saudi banker displays the new one hundred riyal banknote bearing the portrait of Saudi King Abdullah bin Abdul Aziz al-Saud at a bank in Riyadh, 05 June 2007. The banknotes featuring the king are the fifth issue released by the Saudi Arabian Monetary Agency (SAMA). AFP PHOTO/HASSAN AMMAR (Photo credit should read HASSAN AMMAR/AFP via Getty Images)

Gulf governments enjoy fiscal flexibility; must spend wisely over coming years

Pro: With lower energy prices forecasted in the short-term, GCC governments will have to spend smartly to ensure momentum continues for their economic diversification efforts.

Robert Mogielnicki

Robert Mogielnicki

A Yemeni man looks up at pillars at the Awam, or Moon Temple, near the recently restored Arsh, or Throne of Balquis, the site of the legendary kingdom of Sheba, Marib province, Yemen, Dec. 21, 2000.

Culture

UNESCO lists two locations in Lebanon, Yemen as heritage sites in danger

In an urgent session on Wednesday, UNESCO named two sites from Lebanon and Yemen to its List of World Heritage in Danger, calling for their immediate preservation.

Visitors wearing military camouflage stand at the entrance of the 'PMC Wagner Centre', associated with the founder of the Wagner private military group (PMC) Yevgeny Prigozhin, during the official opening of the office block on the National Unity Day, in Saint Petersburg, on November 4, 2022. (Photo by OLGA MALTSEVA/AFP via Getty Images)

US sanctions UAE-based aviation firm with ties to Russia’s Wagner

Washington says UAE-based Kratol Aviation helped Wagner operations ship personnel and weapons to Libya, the Central African Republic and Mali.

Tamim bin Hamad al Thani, Emir of Qatar, departs after meeting with German Chancellor Olaf Scholz at the Chancellery on May 20, 2022 in Berlin, Germany. (Photo by Sean Gallup/Getty Images)

Qatar's energy giant joins Lebanon gas exploration group

France’s TotalEnergies, which is also part of the consortium, said they hope to start drilling in Lebanese waters for oil and gas in 2023.

Jordanian King Abdullah (L), former Qatari Emir Sheikh Hamad bin Khalifa Al Thani (C) and Emir Sheikh Tamim bin Hamad Al Thani (R) are seen during the opening ceremony ahead of the Qatar 2022 World Cup at Al-Bayt Stadium, Al Khor, Doha, Qatar, Nov. 20, 2022.

Jordan, Qatar discuss bilateral ties, regional stability

The Jordanian king and Qatari emir met to discuss bilateral relations and ways to expand cooperation, with a special focus on the Palestinian file.

South Korean Foreign Minister Park Jin (R) shakes hands with Saudi Foreign Minister Prince Faisal bin Farhan (L)

South Korea’s Samsung to help Saudi Public Investment Fund with construction projects

Saudi Aramco has also strengthened its ties to South Korean companies recently.

US Secretary of State Mike Pompeo (L) takes part in a meeting with Saudi Arabia's Crown Prince Mohammed bin Salman in Jeddah, Saudi Arabia, on September 18, 2019. (Photo credit should read MANDEL NGAN/AFP via Getty Images)

Washington Post blasts Pompeo's 'vile falsehoods' on Jamal Khashoggi

The former secretary of state called the slain Saudi columnist an “activist,” which led to condemnation from The Washington Post.

Participants attend a session of the Abu Dhabi Space Debate, a two-day conference organised by the UAE Space Agency for stakeholders of the space sector, in the Emirati capital, on December 5, 2022. (Photo by Mumen KHATIB / AFP) (Photo by MUMEN KHATIB/AFP via Getty Images)

From spaceports to startups, Gulf countries race to boost space sector

As the global space race accelerates, the Middle East is becoming a rising hub of activity with ample opportunities to carve out an impactful role in the space economy. (PRO subscribers only, access with free trial)

Samuel Wendel

In Washington, DC, reporting on regional business and tech

A Saudi family arrive at a hospital in the center of the capital Riyadh, on May 14, 2013.

Saudi Arabia ahead of UK in women's health index, leads Arab world

A global survey reveals that Saudi Arabia is the leading country for women's and girls' health in the Arab world, while other regional countries sat at the bottom of the 122 global list.

GIUSEPPE CACACE/AFP via Getty Images

Cruise ship terminal opens in Jordan’s port of Aqaba

The agreement with Abu Dhabi’s AD Ports Group could help bolster Jordan’s tourism sector.

Stephen Kalin webinar

Webinar: What to expect in Saudi Arabia (RSVP now)