Newsletter: Business & Tech Democrats’ win: What’s at stake for Gulf business The immediate concern for the region is whether Washington and Israel will resume strikes on Iran, potentially triggering further Iranian attacks on Gulf states. By Jack Dutton In Bristol, reporting on regional business, climate change, AI, tech
Aramco begins expansion of oil export route bypassing Hormuz The kingdom plans to expand the East-West Pipeline’s capacity to carry crude to as much as 10 million barrels per day. Saudi Arabia
Newsletter: FutureVerse US elections spotlight Gulf tech risks A sweeping victory by Democrats could put the White House’s recent Gulf dealings under greater scrutiny. By Samuel Wendel In Washington, DC, reporting on regional business and tech
Oil tops $114 as traders brace for Iran escalation after US midterms On Friday, BP posted its highest profits in 18 years as a result of the Iran conflict, which has driven up oil and gas margins. Iran
Analysis How wartime urgency pushed Iran to court Saudi Arabia, Turkey, Pakistan By A correspondent in Tehran In Tehran, reporting on politics
Culture Yemeni man arrested for dedicating pilgrimage to Queen Elizabeth Saudi authorities said the Yemeni man seen in a video dedicating his umrah to the English queen was arrested simply for bringing a banner to a holy site. Legacy: Gulf
Saudi GDP quarterly growth rate reaches 10-year high Saudi Arabia is investing in several sectors in its bid to diversify the economy, but oil remains a major driver of growth. Saudi Arabia
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. Legacy: Gulf
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. Legacy: Gulf
Saudi firm Alfanar to build green hydrogen plant in Egypt Saudi Arabia is helping Egypt boost its renewable energy capabilities. Egypt
Saudi-India economic ties grow closer with mining agreement Saudi Arabia is seeking to boost its mining sector, and India is a natural partner in this endeavor. Legacy: Gulf
Saudi Arabia to invest $1 billion in Pakistan, following UAE and Qatar Pakistan is seeking help from the Gulf amid its foreign currency reserves crisis. Saudi Arabia
Saudi Central Bank approves fintech companies Lean Technologies, Mod5r Saudi Arabia recently launched a fintech strategy with the goal of becoming a regional hub for financial technology. Saudi Arabia
Saudi Arabia strengthens ties with Uzbekistan via wind power, investment deals Uzbekistan’s relations are also improving with the United Arab Emirates and Israel. Legacy: Gulf
Saudi authorities find amphetamine pills in cleaning supplies Smugglers continue to use creative methods to bring drugs into the kingdom, which struggles with amphetamine addiction. Legacy: Gulf
Golf commentator who criticized Saudi-backed LIV Golf sued for defamation The Golf Channel’s Brandel Chamblee has been one of the most virulent critics of LIV Golf and is now being sued by Patrick Reed, who plays for the breakaway tour. Saudi Arabia
Saudi Public Investment Fund acquires shares in Amazon, Google, Uber The sovereign wealth fund led by the crown prince has shown a strong interest in technology such as video games. Saudi Arabia