Analysis Why Gulf defense firms are betting on Europe in wake of Iran war In less than a week, the UAE's Edge Group has unveiled a string of major defense announcements in Europe. By Francesco Schiavi In Bologna, reporting on security, defense, economy, governance
Interview Franco-Gulf investment holds firm despite Iran war, French official says French investors are reallocating capital toward strategic sectors such as artificial intelligence and technology rather than pulling out of the region altogether. Axel Baroux France’s trade and investment commissioner for the UAE and Middle East
Who is Fahd Al-Dosari, Saudi Arabia’s new ambassador to Lebanon? Ambassador Fahd bin Abdulrahman bin Hathloul Al-Dosari, a seasoned diplomat, arrives in Beirut as Saudi Arabia seeks to strengthen its ties with Lebanon. Lebanon
Gulf cautiously welcomes US-Iran deal as Hezbollah congratulates Tehran Arab and regional countries welcomed the deal to end the war between Iran and the United States. Iran
Analysis Gulf aluminum pursues global deals as Hormuz crisis accelerates shift By Samuel Wendel In Washington, DC, reporting on regional business and tech
Analysis Why Iran strikes on Kuwait pose dilemma for US Navy’s blockade By Jared Szuba In Washington, DC, reporting on defense, national security, military
UAE trade offensive continues, this time with New Zealand deal The UAE is looking to secure its sixth trade agreement of the year as it increases its non-oil trade globally, with intentions to reach $1.09 billion by 2031. United Arab Emirates
Analysis With Ukraine summit, Saudi Arabia boasts mediator role, courts West One expert believes that the talks will also take Western pressure off the kingdom for its close alignment with Russia. By Jack Dutton In Bristol, reporting on regional business, climate change, AI, tech
Gulf investment in UK property expected to reach $3.2 B in 2024 Middle Eastern investors are capitalising on lower property valuations and those investors are likely to refinance when interest rates start falling, the Islamic bank said. Legacy: Gulf
UK investment minister: GCC trade deal would develop AI, fintech sectors In 2022, trade between the UK and GCC countries amounted to 33.1 billion pounds ($42.6 million). Legacy: Gulf
Who is Sultan Al Mansouri, Qatar’s first UAE ambassador in 6 years? A career diplomat who previously served as Qatar’s ambassador to Austria in 2019 and as the ambassador to China in 2014, Mansouri brings a negotiating and economic skillset to the position. Qatar
Saudi Public Investment Fund reports $11 billion loss for 2022 Saudi Arabia's sovereign wealth fund reports its assets have risen from $676 billion to about $778 billion in 2022 in a rare gesture of transparency for the Gulf. Saudi Arabia
In Moscow, Russia's Lavrov welcomes Gulf states' rapprochement with Iran Russia’s Foreign Minister Sergey Lavrov said that Russia and GCC countries will expand their cooperation together in areas of economic trade, defense, security, energy and politics. Legacy: Gulf
Kuwait rejects Iran's drilling plans in disputed gas field in Gulf Kuwait and Saudi Arabia have a longstanding dispute with Iran over the Durra gas field. The recent disagreement follows improvement in Iran's relations with both countries. Legacy: Gulf
UAE, Qatar reopen embassies after years of political rift The Emirati and Qatari foreign ministers held a phone call ahead of the two embassies restarting their diplomatic functions on Monday. United Arab Emirates
UK business minister heads to Gulf to discuss GCC trade deal Kemi Badenoch will meet her counterparts in Qatar, Saudi Arabia and the UAE as well as the new GCC secretary general in a five-day trip. Legacy: Gulf
HSBC projects strong China-Middle East economic growth In 2021, trade between countries of the Gulf Cooperation Council (GCC) and China surpassed GCC trade with the United States and Europe for the first time, according to the IMF. Legacy: Gulf
Analysis Saudi Aramco, high-value IPOs face impending pressure in 2023 The United Arab Emirates saw the world’s largest IPO of first quarter 2023, with ADNOC Gas PLC raising $2.5 billion on the Abu Dhabi Securities Exchange. By Salim A. Essaid