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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.

Huthi soldiers stand guard on a missile carrier during an official military parade marking the ninth anniversary of the Huthi takeover of the capital, Sanaa, on September 21, 2023. (Photo by MOHAMMED HUWAIS / AFP) (Photo by MOHAMMED HUWAIS/AFP via Getty Images)

Intel gap vexes US Navy's hunt for Houthi missile smuggling

Military officials admit the US Navy and its allies haven’t had much success interdicting the flow of advanced weapons components — warheads, computer guidance systems and the like — from Iran to the Houthis.

Qatar's Prime Minister and Foreign Minister Sheikh Mohammed bin Abdulrahman al-Thani speaks during a session of the annual meeting of the World Economic Forum (WEF) in Davos on January 16, 2024. (Photo by Fabrice COFFRINI / AFP) (Photo by FABRICE COFFRINI/AFP via Getty Images)

Qatar PM to visit Washington as Gaza cease-fire talks advance

Sheikh Mohammed bin Abdulrahman bin Jassim Al Thani, Qatar’s prime minister, is expected to meet with senior members of the US administration and lawmakers next week.

David Ryder/Getty Images

Convicted Binance founder Zhao denied permission to travel to UAE

Dubai-based cryptocurrency businessman Changpeng Zhao, who pled guilty to violating US laws against money laundering, has been denied permission to return to the United Arab Emirates for a family emergency.

David C. Mercil/US Navy/Getty Images

Two US Navy SEALs presumed dead after anti-Houthi raid: Pentagon

The two special operators are presumed dead after attempting to board a stateless boat off Somalia earlier this month.

Foreign labourers work on the construction of new luxury houses in the Saudi capital Riyadh on April 13, 2019. - Housing is a potential lightning rod for public discontent in a country where affordable dwellings are beyond the reach of many, posing a key challenge for Crown Prince Mohammed bin Salman as he seeks to overhaul the oil-reliant economy. (Photo by FAYEZ NURELDINE / AFP) (Photo credit should read FAYEZ NURELDINE/AFP via Getty Images)

Saudi Arabia bolsters expat incentives as war complicates efforts to lure foreign talent

Samuel Wendel

In Washington, DC, reporting on regional business and tech

(L-R) Bloomberg Television's journalist Francine Lacqua, Singapore's President Tharman Shanmugaratnam, Saudi Finance Minister Mohammed al-Jadaan, President of the European Central Bank (ECB) Christine Lagarde, Co-chairman of the private equity firm of The Carlyle Group David Rubenstein, German Finance Minister Christian Lindner and World Trade Organization (WTO) Director-General Ngozi Okonjo-Iweala attend a session on the closing day of the World Economic Forum (WEF) annual meeting in Davos, on January 19,

Analysis

From Davos, all roads lead to the Middle East

At the World Economic Forum, Al-Monitor interviewed regional decision-makers on economics, energy, environment, governance and conflict across the region.

Week in Review

Andrew Parasiliti

By Week in Review , Andrew Parasiliti

AFP via Getty Images

How Red Sea tension is hurting China's auto industry in EU, US

The Houthis initially claimed to be only targeting ships linked to Israel, but Chinese shipping is also in peril despite its friendliness to the Houthis' supporter Iran.

AKROTIRI, CYPRUS - JANUARY 12: In this handout image provided by the UK Ministry of Defence, an RAF Typhoon aircraft returns to berth following a strike mission on Yemen's Houthi rebels at RAF Akrotiri on January 12, 2024 in Akrotiri, Cyprus. On Thursday evening, four RAF Typhoons launched from RAF Akrotiri to conduct strikes against Yemen's Houthi rebels, who have been targeting merchant vessels in the Red Sea and Gulf of Aden with missiles and drones. According to British Prime Minister Rishi Sunak, the s

Fourth round of US strikes in Yemen as Houthis vow retaliation

The US launched the strikes just hours after the Houthis hit a US-owned, Marshall Islands-flagged cargo vessel off Yemen's southern coast on Wednesday.

Spain's Rafael Nadal hits a return against Austria's Dominic Thiem during their men's singles match at the Brisbane International tennis tournament in Brisbane on January 2, 2024. (Photo by William WEST / AFP) / -- IMAGE RESTRICTED TO EDITORIAL USE - STRICTLY NO COMMERCIAL USE -- (Photo by WILLIAM WEST/AFP via Getty Images)

Saudi Arabia nabs Rafa Nadal as its star tennis ambassador amid criticism

Spanish tennis legend Rafael Nadal has become an ambassador for the Saudi Tennis Federation, leading to criticism from some fans and furthering the kingdom’s tennis ambitions.

Houthi soldiers stand guard on a missile carrier during an official military parade marking the ninth anniversary of the Houthi takeover of the capital, Sanaa, on Sept. 21, 2023.

US launches new strikes on Houthi missile sites in Yemen as deterrence falters

The US military struck Houthi ballistic missiles on the ground, as the Yemeni faction defied previous allied strikes designed to cripple their ability to attack ships in the Red Sea.

RIYADH, SAUDI ARABIA - JUNE 20: A car enters the drive-thru of a McDonald's restaurant on June 20, 2018 in Riyadh, Saudi Arabia. Many U.S. chains, including restaurants, apparel brands and ice cream shops, are present across Saudi Arabia. (Photo by Sean Gallup/Getty Images)

Viral boycotts serve up challenges and opportunities for global brands in Middle East

Samuel Wendel

In Washington, DC, reporting on regional business and tech

Jack Taylor/Getty Images

Middle East’s economic woes to drive interest in 'stablecoins' in 2024

Experts say the crypto industry has a bright year ahead in the Middle East and North Africa, one of the world’s fastest-growing markets for decentralized finance.