Analysis Iran war tests Gulf's theme park ambitions Saudi Arabia is pressing ahead with multibillion-dollar projects as the conflict disrupts regional tourism and exposes weaknesses in the Gulf states' entertainment strategies. By Jack Dutton In Bristol, reporting on regional business, climate change, AI, tech
Analysis Could Trump’s oil push in Venezuela upend OPEC’s energy order? Washington’s growing role in controlling the Latin American country's crude riches could help reshape an energy order centered on OPEC as the Hormuz crisis pressures Gulf exports. By Samuel Wendel In Washington, DC, reporting on regional business and tech
Saudi Arabia taps China’s MiniMax for Arabic AI model The development signals that the kingdom continues deepening AI ties with China while simultaneously pursuing major US technology partnerships, keeping the Gulf state at the center of an intensifying technology race between the superpowers. Saudi Arabia
Newsletter: Business & Tech Oil rises amid renewed US-Iran fighting Iran launched a wave of attacks on US sites across the Middle East on Wednesday after an extensive American bombardment. By Jack Dutton In Bristol, reporting on regional business, climate change, AI, tech
Newsletter: FutureVerse LEAP’s comeback By Samuel Wendel In Washington, DC, reporting on regional business and tech
Saudi Arabia’s PIF in talks to inject $250M into Chinese car maker The kingdom is looking to develop its electric vehicle market as its economy diversifies away from oil. Saudi Arabia
Oil prices rise after Saudi Arabia, Russia extend output cuts The Kingdom has maintained its oil output cut of 1 million barrels per day since July in an attempt to stabilize the market and prop up prices amid weakened demand. Saudi Arabia
Saudi defense chief concludes US trip, seeks security assurances as Gaza rages Prince Khalid bin Salman’s preplanned trip included meetings with top US officials. Saudi Arabia is concerned that the war between Israel and Hamas could hurt its interests. Legacy: Gulf
Saudi Aramco, QatarEnergy, UAE’s Emirates among Fortune Arabia top 10 The list of 500 companies from 22 Arab countries posted around $1.6 trillion in revenues in 2022, yielding a net profit of $343 billion. Saudi Arabia
Saudi Arabia's oil cuts weigh heavy on economy, GDP tanks by 4.5% The kingdom's economy shrunk by the most since the COVID-19 pandemic in 2020 due to energy measures. Saudi Arabia
Tourism tipping point: Middle East travel boom delivering economic boost as Israel-Hamas war threatens recovery The outbreak of fighting between Israel and Hamas in October 2023 has undercut a fledgling tourism rebound in the Holy Land after years of struggle.
Saudi Arabia set to host 2034 World Cup after Australia withdraws The kingdom is heavily investing in soccer, golf, MMA and other sports across the world. Legacy: Gulf
Saudi Arabia explores women’s buying power with 30% entering work force To expand its own economy, Saudi Arabia is joining a global structural shift toward multiple-wage households as women move into more and more careers that used to be off-limits. Saudi Arabia
Saudi Aramco, South Korea's Hyundai sign $2.4B contract to develop gas field The contract was signed during South Korean President Yoon Suk Yeol’s visit to Saudi Arabia. Saudi Arabia
Saudi crown prince announces esports ‘world cup’ The move follows significant Saudi investment in both video games and traditional sports. Legacy: Gulf
Renewable energy industry not ready to shoulder global demand, Aramco says The boss of the world's largest oil company doubled down on investing more in oil and gas, despite Greta Thunberg and other climate activists protesting outside the conference he was speaking at in London. Saudi Arabia
Saudi Arabia set to begin Middle East’s first hydrogen train trials Saudi Arabian Railways, in partnership with French manufacturer Alstom, will begin to operate the world’s first hydrogen-powered passenger train in Riyadh later this month. Saudi Arabia