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.

Employees walk past solar panels at the Mohammed bin Rashid Al-Maktoum Solar Park, Dubai, March 20, 2017.

Dubai’s use of solar power increased in 2022

Dubai is playing a large role in the UAE’s move toward solar energy.

This picture taken from the Mount of Olives shows a view of Al-Aqsa Mosque compound and its Dome of the Rock, Old City, Jerusalem, Jan. 2, 2023.

UAE, Saudi, others condemn Israeli minister’s visit to Jerusalem holy site

Ben-Gvir’s visit to the Temple Mount/Haram al-Sharif could hurt the new far-right Israeli government's relations with Arab states and Turkey.

An aerial view shows the Central Business District (Ruwi) in the Omani capital Muscat on April 9, 2021. (Photo by Haitham AL-SHUKAIRI / AFP) (Photo by HAITHAM AL-SHUKAIRI/AFP via Getty Images)

Oman to backpedal on key reforms in favor of social stability

Sebastian Castelier

Sebastian Castelier

In Dubai, reporting on regional business

AMER HILABI/AFP via Getty Images

Flash floods rush through Saudi Arabia as more severe weather expected

Heavy rainfall hit Jeddah, Mecca and Medina with more heavy rain expected in the kingdom.

OLI SCARFF/AFP via Getty Images

Culture

Saudi soccer team reported to sign Ronaldo

Cristiano Ronaldo will reportedly sign with Riyadh's Al Nassr Football Club, for which landing the Portuguese superstar is a major win.

Saudi fans react as they watch on a screen the Qatar 2022 World Cup Group C football match between their national team and Mexico, at the Marsool Park in Riyadh, on November 30, 2022. (Photo by Fayez Nureldine / AFP) (Photo by FAYEZ NURELDINE/AFP via Getty Images)

Saudi Arabia’s sports ambitions take center stage as MENA countries eye 2030 World Cup

Samuel Wendel

In Washington, DC, reporting on regional business and tech

Cedric Ribeiro/Getty Images for Sotheby's Dubai

Abu Dhabi bank launches tokenized payment system using wearables

There have been numerous fintech developments in the United Arab Emirates this year.

ADEM ALTAN/AFP via Getty Images

2022 in review: Turkey wraps up year of regional resets but more whiplash ahead

As 2022 forced the Turkish government to reverse course with regional powers, this election year is expected to usher in even more change in Turkey’s foreign policy.

TALANT KUSAIN/AFP via Getty Images

Abu Dhabi logistics firm expands into Kazakhstan

The Central Asian country has important strategic value for Iran, Turkey and other countries in the region.

US President Joe Biden (L) and Saudi Crown Prince Mohammed bin Salman (R) arrive for the family photo during the Jeddah Security and Development Summit (GCC+3) at a hotel in Saudi Arabia's Red Sea coastal city of Jeddah on July 16, 2022. (Photo by MANDEL NGAN/POOL/AFP via Getty Images)

2022 in review: The year that broke US relations with OPEC+

After a tumultuous year for US-Saudi ties, there is little reason to expect US-OPEC+ tensions to ease in 2023.

Nishimura

Japan strengthens energy ties to Saudi Arabia, Oman

Oman wants to increase its natural gas exports, and Saudi Arabia continues to show interest in clean energy and carbon capture technology.

Shoppers walk past jewellery shops in the Taiba gold market in the capital Riyadh on June 29, 2020, after authorities announced a 10% increase in the VAT rate, to reach 15%, starting from first of July. (Photo by FAYEZ NURELDINE / AFP) (Photo by FAYEZ NURELDINE/AFP via Getty Images)

Gulf tax landscape ushers in a new era

Sebastian Castelier

Sebastian Castelier

In Dubai, reporting on regional business