Analysis Gulf energy deals face Iran war stress test as global expansion meets oil shock ADNOC, Aramco and QatarEnergy have aggressively expanded their international portfolios in recent years, a strategy facing new constraints as the US-Israel-Iran war impacts Gulf production and exposes structural risks. By Samuel Wendel In Washington, DC, reporting on regional business and tech
Syria’s Sharaa makes fourth visit to Saudi Arabia, first since Iran war: What to know The visit comes in light of the deepening economic relations between Syria and Saudi Arabia post-Assad. Syria
MBS hosts Sudan's Burhan in Jeddah as $1.5B Saudi-backed arms deal stalls Sudan’s army chief Abdel Fattah al-Burhan traveled to Jeddah Monday for a visit that could be aimed at salvaging a $1.5 billion Pakistani arms deal Riyadh has reportedly blocked. Sudan
UAE's deputy PM holds first call with Ghalibaf amid push to extend US-Iran ceasefire The Emirati vice president and Iran’s parliament speaker talked de-escalation on the phone in the first such contact since the Iran war began. United Arab Emirates
Saudi Prince Alwaleed bin Talal invests in Elon Musk’s $24B AI startup Kingdom Holding Company also holds a stake in Elon Musk’s social media platform X, formerly Twitter. Saudi Arabia
Goldman Sachs first Wall Street bank to get green light for Saudi Arabia HQ The US-headquartered investment bank received a license from the Saudi Ministry of Investment to set up its regional headquarters in the capital, Riyadh. Saudi Arabia
Saudi Arabia looks to Japan to hedge exposure to China Expanding economic ties with Japan is a focus of Saudi Arabia’s economic diversification plan as it looks to venture into new industries, including auto manufacturing and gaming. By Sebastian Castelier In Dubai, reporting on regional business
Saudi crown prince cancels Japan trip over King Salman's health concerns The Saudi Press Agency reported Sunday that the crown prince’s 88-year-old father, King Salman Bin Abdulaziz, was suffering from lung inflammation and will be treated at the Al Salam Palace in Jeddah. Saudi Arabia
In Japan, Saudi Arabia's crown prince eyes expansion of energy, defense ties In an upcoming visit to Tokyo, the Saudi crown prince will have an audience with the Japanese prime minister, among others, to discuss a "broad range" of issues. Saudi Arabia
Gulf consolidates stature as sovereign wealth hub, lags on per capita holdings A frenzy of recent initial public offerings has again highlighted Gulf states' statuses as global wealth hubs. By Sebastian Castelier In Dubai, reporting on regional business
Arab League calls for 'immediate' Israeli withdrawal from Gaza, deployment of international force The statement further expresses the Arab nations' “firm position for a just and comprehensive peaceful settlement of the Palestinian issue” and their support for an international peace conference on the Israeli-Palestinian conflict. Palestine
As Saudi Arabia pushes socioeconomic change, arrests show limits to reform Riyadh has been heavily investing in its economic diversification agenda but a slate of recent arrests over citizens' social media posts and other alleged state violations highlight the limits of Saudi Arabia's socioeconomic reforms. By Sebastian Castelier In Dubai, reporting on regional business
Dubai crowned wealthiest city in Middle East, home to 72,500 millionaires The number of individuals in Dubai with liquid investment wealth — assets that can be readily converted to cash — of $1 million or more increased by 78% between 2013 and 2023 to 72,500, according to a report. United Arab Emirates
Turkey and Kuwait sign six deals as Erdogan hosts country's Emir The Kuwaiti emir traveled to Turkey for his first foreign visit to a non-Arab country since he took the oath of office in December. Turkey
Chinese investors skeptical as Gulf pushes for deeper economic ties with Beijing Gulf states are building economic ties with Beijing in non-energy fields, but Chinese investors remain skeptical of ambitious economic diversification plans in the Gulf. By Sebastian Castelier In Dubai, reporting on regional business
UAE-backed RedBird IMI pulls out of Telegraph deal, will sell UK newspaper RedBird IMI effectively took control of Telegraph Media Group in December, when it repaid the owner family’s debts, including a $753 million loan against the media outlets. United Arab Emirates
