Explainer Gulf states push incentives for investors, expats after war dents image Several Gulf states are working to recover their images as global havens of stability in the wake of the Iran war. United Arab Emirates
Newsletter: Business & Tech Oil falls to prewar levels as Hormuz reopens Oil prices retreat as Gulf shipping stabilizes, Qatar moves to restore LNG output, and regional governments roll out new investment and residency incentives. By Jack Dutton In Bristol, reporting on regional business, climate change, AI, tech
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
Newsletter: Gulf Gulf defense giants head to Europe As Gulf states recalibrate after months of conflict with Iran, defense priorities are shifting from emergency procurement to long-term industrial partnerships. By Francesco Schiavi In Bologna, reporting on security, defense, economy, governance
Newsletter: City Pulse Riyadh Saudi contemporary art lands at Art Basel By Rebecca Anne Proctor In Dubai, reporting on culture
Tech investment slump reaching critical stage for cash strapped Middle East startups Samuel Wendel In Washington, DC, reporting on regional business and tech
Saudi Arabia and Syria resume regular flights as thaw with Assad advances The move signals a new step toward further developing the relations between the two countries. Syria
As Boeing struggles, Airbus inks 4-aircraft deal with Saudi Arabia The kingdom ordered four more of Airbus’ A330 Multi Role Tanker Transport aircraft for the Royal Saudi Air Force as Boeing's challenges mount in Gulf over safety issues. Saudi Arabia
Middle East startups see funding fall by 34% in first half of 2024 Although startup funding levels have plateaued globally, MENA reported an increase in early-stage rounds and investor participation. United Arab Emirates
Saudi's latest drug bust: thousands of narcotics tablets, 760 pounds of qat Saudi Arabia is a major destination for the amphetamine Captagon, though seizures have decreased recently due to more enforcement in transit countries like Jordan, according to a recent report. Saudi Arabia
Culture Saudi Arabia's soccer dreams tested as Vision 2030 goal posts move 2023 saw Saudi Arabia take the world of soccer by storm with record-breaking spending on new stars, but those hoping for a repeat performance in 2024 have so far been left disappointed. Saudi Arabia
In navigating return of Taliban, will Saudi reopen embassy in Afghanistan? If the reported push to reopen materializes, it could help provide some legitimacy to the Taliban government. Saudi Arabia
What’s behind Saudi Public Investment Fund’s $17.2B profit? The sovereign wealth fund’s turnaround following the loss in 2022 is due in large part to the stock market rebounding. Saudi Arabia
Saudi defense chief in Turkey, meets Erdogan as drone sales grow Turkey and Saudi Arabia signed a major drone deal last year in one of several recent demonstrations of strengthening defense cooperation between the two countries. Saudi Arabia
Is Saudi Arabia’s $100B foreign investment drive starting to yield results? Samuel Wendel In Washington, DC, reporting on regional business and tech
Trump Tower deal announced in Jeddah as Saudi business ties grow The Trump Organization recently unveiled a development in Oman, while Trump’s golf course is again hosting the Saudi-backed LIV Golf this year. Saudi Arabia
Kuwait doubles down on Saudi ties driven by economics, counter-Islamism Kuwait's newly appointed crown prince, Sheikh Sabah Khalid Al Sabah, is expected to advance the already good ties between his country and Saudi Arabia, as the two seek to further their economic prosperity. Kuwait