Newsletter: FutureVerse Does Middle East have Nvidia problem? Nvidia shares tumbled this week as the company launched an independent investigation, sparking fallout that could reach all the way to the Middle East. By Samuel Wendel In Washington, DC, reporting on regional business and tech
Explainer UAE selling Saudi oil highlights new Gulf energy realities News surfaced on Nov. 10 that the UAE has reportedly marketed 1.87 million barrels of Saudi crude salvaged from a damaged supertanker for sale, marking an exceptional example of energy cooperation between Gulf rivals. United Arab Emirates
GCC to build military command center in Kuwait as region simmers: What to know GCC countries have stepped up their joint defense efforts with the announcement of a new forward command center to be headquartered in Kuwait, as tensions between Iran and the US continue to escalate. Saudi Arabia
Analysis Syria denies sending troops to fight Houthis in return for Saudi loans The Saudi Fund for Development and Syria’s Finance Ministry recently inked more than $403 million in concessional loan agreements, fueling speculation that Damascus agreed to provide military support to Saudi Arabia in exchange for financial aid. By Amberin Zaman Reporting on geopolitics, minorities, human rights, culture
Analysis Gulf’s $3 trillion US investment drive faces post-midterm Trump reckoning By Samuel Wendel In Washington, DC, reporting on regional business and tech
Newsletter: Gulf Gulf states step up China diplomacy as Trump’s lame-duck session nears By Francesco Schiavi In Bologna, reporting on security, defense, economy, governance
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