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Saudi Arabia

December 22, 2025

Riyadh 7:24 pm

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Traffic moves on Sheikh Zayed Road in Dubai on March 24, 2025.

Analysis

Gulf finance hubs race to expand as hedge funds flock to Dubai, Abu Dhabi

The Gulf’s top financial hubs have posted another strong year in 2025, with the UAE spearheading a regional push to attract hedge funds, asset managers, crypto and fintech firms as regional neighbors target growth of their own.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

Solar panels in a Sinai desert, Egypt.

Egypt lands $572M UAE-backed solar deal, expanding Gulf's clean-energy footprint

Gulf companies have been increasing their investments in North African renewable energy.

Latest News

Saudi Arabia cements ties with Sudan during Burhan visit as UAE rivalry heats up

Sudanese leader Gen. Abdel Fattah al-Burhan meets with Saudi Crown Prince Mohammed bin Salman in Riyadh, Dec. 15, 2025.

Exclusive

Inside Netanyahu’s pressure campaign to block Turkey, Saudi Arabia from acquiring F-35s

WASHINGTON, DC - APRIL 07: Israeli Prime Minister Benjamin (L) talks to U.S. President Donald Trump during a meeting in the Oval Office of the White House on April 7, 2025 in Washington, DC. President Trump is meeting with Netanyahu to discuss ongoing efforts to release Israeli hostages from Gaza and newly imposed U.S. tariffs. (Photo by Kevin Dietsch/Getty Images)

In Tel Aviv, reporting on national security, Israeli politics, defense

Samuel Wendel

Senior Market Research Analyst

In Washington, DC, reporting on regional business and tech

Adam Lucente

News and Business Correspondent

In New York City, reporting on regional news, militancy, climate change

Jack Dutton

Chief Business Correspondent

In Bristol, reporting on regional business, climate change, AI, tech

Francesco Schiavi

In Bologna, reporting on security, defense, economy, governance

Sabena Siddiqui

In Karachi, reporting on South Asia, Middle East, Iran

Sebastian Castelier

In Dubai, reporting on regional business

A sign for the London Metal Exchange (LME).

London Metal Exchange to build delivery centers in Saudi Arabia

Investors and mining companies are bracing for a wave of exploration licenses awarded in Saudi Arabia after the kingdom nearly doubled its untapped mineral estimate to $2.5 trillion and announced new incentives for miners in January.

FAYEZ NURELDINE/AFP via Getty Images

Saudi inks $3.2B missile defense deal with South Korea as Iran attends expo

The World Defense Show has yielded deals between Saudi Arabia and South Korea and may lead to the strengthening of the kingdom’s ties with Iran, the United States and others.

Milkor 380 drone.

South Africa’s Milkor gets go-ahead to produce drones in Saudi Arabia

The Gulf country is bolstering its defense capabilities amid increasing instability in the Middle East.

ISMAILIA, EGYPT - JANUARY 10: A ship transits the Suez Canal towards the Red Sea on January 10, 2024 in Ismailia, Egypt. In the wake of Israel's war on Gaza after the October 7 Hamas attack on Israel, Houthi rebels in Yemen pledged disruption on all ships destined for Israel through the Red Sea's Suez Canal. The disruption on world trade is evident in the number of companies using this container ship route - a 90 per cent decline compared to figures one year ago. (Photo by Sayed Hassan/Getty Images)

Red Sea attacks push global firms to seek overland shipping alternatives

An Israeli company is sending goods overland from the United Arab Emirates through Saudi Arabia and other firms are looking at different arrangements as US strikes fail to deter Houthi attacks.

Emir of Kuwait Sheikh Meshal al-Ahmad al-Sabah gestures as he delivers a speech during the opening ceremony of the 17th parliamentary term at the National Assembly in Kuwait City on Oct. 18, 2022.

Kuwait emir travels to Saudi Arabia for first foreign visit

Relations with Saudi Arabia are a priority for Kuwait's new emir.

GIUSEPPE CACACE/AFP via Getty Images

Why has Saudi Arabia ordered Aramco to halt its plan to raise oil production?

The move may be simply a cost-cutting strategy, or it could be driven by a new, less optimistic outlook from the world's largest crude producer on future oil demand.

Lebanese bartender Hadi Ghassan prepares a drink behind the counter at "Meraki Riyadh", a pop-up bar offering non-alcoholic bellinis and spritzes, served in chilled cocktail glasses, in Riyadh on January 23, 2024. The bar's success highlights widening acceptance of more daring non-alcoholic fare even as booze itself remains strictly off-limits in the Gulf kingdom, home to Islam's holiest sites. (Photo by Fayez Nureldine / AFP) (Photo by FAYEZ NURELDINE/AFP via Getty Images)

What does Saudi's first-ever alcohol store say about new Gulf culture?

Alcohol-free 'mocktails' are also becoming increasingly popular across the region.

Saudi FM

Saudi FM: No Israel normalization without ‘irreversible path’ to Palestinian state

Saudi Prince Faisal bin Farhan said the kingdom would not finance the rebuilding of the enclave unless there is a viable path to a two-state solution.

Foreign labourers work on the construction of new luxury houses in the Saudi capital Riyadh on April 13, 2019. - Housing is a potential lightning rod for public discontent in a country where affordable dwellings are beyond the reach of many, posing a key challenge for Crown Prince Mohammed bin Salman as he seeks to overhaul the oil-reliant economy. (Photo by FAYEZ NURELDINE / AFP) (Photo credit should read FAYEZ NURELDINE/AFP via Getty Images)

Saudi Arabia bolsters expat incentives as war complicates efforts to lure foreign talent

Samuel Wendel

In Washington, DC, reporting on regional business and tech

Israeli Prime Minister Benjamin Netanyhu attends the funeral for First Sergeant Major Gal Meir Eisenkot in Herzliya, Dec. 8, 2023.

Analysis

'Hallucination' or realpolitik? Netanyahu's long shot at Israel-Saudi normalization

Prime Minister Benjamin Netanyahu still hopes to normalize ties with Saudi Arabia after rejecting US proposals for Palestinian control of Gaza and the West Bank.

In Tel Aviv, reporting on national security, Israeli politics, defense

Spain's Rafael Nadal hits a return against Austria's Dominic Thiem during their men's singles match at the Brisbane International tennis tournament in Brisbane on January 2, 2024. (Photo by William WEST / AFP) / -- IMAGE RESTRICTED TO EDITORIAL USE - STRICTLY NO COMMERCIAL USE -- (Photo by WILLIAM WEST/AFP via Getty Images)

Saudi Arabia nabs Rafa Nadal as its star tennis ambassador amid criticism

Spanish tennis legend Rafael Nadal has become an ambassador for the Saudi Tennis Federation, leading to criticism from some fans and furthering the kingdom’s tennis ambitions.

FAYEZ NURELDINE/AFP via Getty Images

Davos 2024: Reaching net zero without space tech 'wishful thinking,' says Saudi minister

On the sidelines of the World Economic Forum, Saudi Arabia’s Minister of Communications and Information Technology Abdullah bin Amer Alswaha told Al-Monitor that technology will help countries deliver on climate promises.