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.

Rama Chakaki

Tech entrepreneur Rama Chakaki discusses opportunities, challenges for AI in Mideast in Al-Monitor PRO webinar

Chakaki discussed artificial intelligence’s growth in the Middle East, differences between men and women investors and much more at the Al-Monitor live webinar.

OLI SCARFF/AFP via Getty Images

Dubai-based firm to build offshore wind farm in UK

Many Emirati companies are working on renewable energy projects.

United Arab Emirates

Heads of States of the Gulf Cooperation Council sit at a round table in Bayan Palace for the opening session of the 34th GCC Summit hosted by Kuwait December 10, 2013. REUTERS/Stringer (KUWAIT - Tags: POLITICS) - RTX16CHR

Gulf states exercise fiscal restraint despite oil windfall

Robert Mogielnicki

Robert Mogielnicki

A man walks past an electric car in Masdar City, outside the rich Emirate of Abu Dhabi, on Oct. 7, 2015.

China’s NWTN to build electric vehicle facility in Abu Dhabi

The deal represents the UAE’s push toward green technology, as well as China’s growing influence in the wider region.

A general view of Saudi Aramco's Abqaiq oil processing plant on Sept. 20, 2019.

Oil prices fall following Saudi-backed OPEC+ production cut

The decrease in production could be a message from Saudi Arabia to the US over the Iran nuclear deal.

A general view during Netflix’s First Arabic Film “Perfect Strangers (ar) أصحاب … ولا أعز” on Jan. 17, 2022 at Bvlgari Yacht Club in Dubai, United Arab Emirates.

Culture

Gulf states warn Netflix over content that 'contradicts Islamic values'

The controversy follows some Gulf states cracking down on rainbow colors due to their resemblance to the LGBTQ pride flag, though the Gulf Cooperation Council did not mention what exactly the issue is with Netflix.

HE Ohood Khalfan Al Roumi

Upcoming Webinar: Live Q&A with UAE’s minister of the future on "Projects of the 50"

Register now for our webinar with UAE Minister of the Future Ohood Khalfan Al Roumi.

drone

Iran navy attempts to capture US drones in Red Sea

A US military official rejected Iran's claims that the unmanned sea drones pose a hazard to commercial shipping in the region.

An aerial view of Al Thumama stadium at sunset on June 22, 2022, in Doha, Qatar.

FIFA World Cup's economic impact will extend beyond Qatar

GCC states look to take advantage of "fresh opportunities" and Qatar hopes the World Cup will boost its "soft power and add political influence."

Qatar ammonia

Qatar to build new plant to produce blue ammonia

Several Gulf states are experimenting with blue ammonia and carbon capture technology, which has energy-related potential but a mixed impact on the environment.

Hydrogen tank.

Saudi firm Alfanar to build green hydrogen plant in Egypt

Saudi Arabia is helping Egypt boost its renewable energy capabilities.

A man looks at his phone on the corniche in the Qatari capital Doha on July 2, 2017.

Qatar issues first digital payment licenses to fintech providers

Qatar as well as Saudi Arabia and the UAE are seeking to bolster their fintech sectors.