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.

FAYEZ NURELDINE/AFP via Getty Images

Saudi employment numbers improve

Unemployment in Saudi Arabia is higher than in other Gulf states, but the labor market is showing signs of strength in other areas.

The Sultanate of Oman (R) and Sheikh Mohamed bin Zayed Al Nahyan (L).

UAE, Oman boost ties with deals on high-speed rail, combating financial crimes

The agreements are in line with the UAE’s foreign policy, which prioritizes regional partnerships.

United Arab Emirates

COMESA,

Saudi Arabia partners with Senegal on railway, desalination plant

The UAE, Israel and Turkey have also upped their engagement with African states in recent years.

US President Joe Biden (L) and Israel's caretaker Prime Minister Yair Lapid, take part in a virtual meeting with leaders of the I2U2 group, which includes, US, Israel, India, and the United Arab Emirates, at a hotel in Jerusalem, on July 14, 2022. (Photo by MANDEL NGAN / AFP) (Photo by MANDEL NGAN/AFP via Getty Images)

American investment in Mideast to stay focused on larger economies amid Ukraine war

Howard J. Shatz

Howard J. Shatz

Yemeni scouts participate in an official parade marking the eighth anniversary of the Houthi takeover of Sanaa, Yemen, Sept. 20, 2022.

Yemen's Houthis mark 8th anniversary of Sanaa takeover

In a new display of military power, the Houthis used helicopters for the first time to commemorate the 8th anniversary of their capture of Sanaa.

KHALED DESOUKI/AFP via Getty Images

UAE, Egypt partner on sustainable waste management in Sharm el-Sheikh

The partnership between BEEAH Group and Green Planet comes in advance of Egypt hosting a UN climate change conference.

David Hecker/Getty Images

Qatari oil, gas exports up 100% in 2022

Qatar is working to export more gas to Europe in response to the Russian invasion of Ukraine.

Residential buildings are seen unilluminated in the evening on Sept. 10, 2022, in Berlin, Germany.

UAE to help Germany reduce dependence on Russian gas

Qatar is also reportedly close to supplying the European country with natural gas amid the Ukraine war.

United Arab Emirates

The Line NEOM

Latest PRO Memo: NEOM’s ambitious concepts present funding, feasibility challenges for Saudi Arabia

Robert Mogielnicki examines the likely scenarios for the trajectory of Saudi Arabia's planned futuristic megacity.

US Special Envoy for Yemen Tim Lenderking takes part in a conference on Yemen's devastating war hosted by the six-nation Gulf Cooperation Council in the Saudi capital Riyadh on March 30, 2022, hours after the Riyadh-led coalition announced a ceasefire for the Muslim holy month of Ramadan.

Analysis

The Takeaway: Biden’s Yemen envoy wants more than ‘nice words’ from Iran

Al-Monitor spoke to Timothy Lenderking on the sidelines of the UN General Assembly about Iran's role in Yemen.

Elizabeth Hagedorn

Andrew Parasiliti

By Elizabeth Hagedorn , Andrew Parasiliti

Gulf banking

Gulf banks raise interest rates, following US Federal Reserve

Gulf states often follow the American central bank in their interest rate decisions.

CHANDAN KHANNA/AFP via Getty Images

Elon Musk to send Saudis to space, internet to Iran

The eccentric billionaire has said he'll ask for an exemption to US sanctions on Iran to provide Spacelink internet access to the country.