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
Saudi tourism blitz accelerates as Riyadh hopes investors buy the hype Samuel Wendel In Washington, DC, reporting on regional business and tech
What's behind Saudi Arabia's decision to host first-ever 'Dragon Ball' theme park The announcement of the park based on the popular Japanese anime show follows the kingdom’s developments in video games and mixed martial arts. Saudi Arabia
UAE eyes Zambia mine as minerals race heats up against Saudi Arabia, China Wealthy Gulf countries are racing against China, Europe and the United States for minerals critical to powering the global green transition. United Arab Emirates
With $40B fund, Saudi Arabia looks to become world leader in AI The fund would make the Gulf state the world’s largest investor in AI and help the kingdom realize its Vision 2030 agenda to diversify the economy away from oil. Saudi Arabia
Saudi Arabia offers $182M package, other incentives for mining investors The kingdom is prioritizing the lucrative sector as part of its ambitious Vision 2030 plan to diversify its economy away from a reliance on oil. Saudi Arabia
Saudi Arabia, Qatar, Egypt among world's top arms importers: SIPRI Concerns about Iran drove Gulf states’ weapons imports, while imports by Morocco and Algeria fell in the past four years, according to the Stockholm International Peace Research Institute. Saudi Arabia
Saudi Aramco turns to China for future oil demand as profits fall 25% China is the biggest customer for Saudi crude but is also crucial in Aramco’s ambitions to convert 4 million bpd of its oil production into petrochemicals by 2035. Saudi Arabia
Saudi Arabia’s PIF poised for more bold investments as Vision 2030 squeezes war chest Samuel Wendel In Washington, DC, reporting on regional business and tech
AI and cloud investments dominate Saudi Arabia's LEAP tech summit Amazon Web Services and DataVolt were among the companies that made significant cloud investments in the kingdom, which is looking to become a global technology hub. Saudi Arabia
What does Donald Trump's latest $200 million deal with Saudi Arabia entail? The former president, who is now the presumptive nominee for the Republican Party, has long had significant business ties to Saudi Arabia via his properties and the LIV Golf league. Legacy: Gulf
UK-Saudi deal allows kingdom to tap into Britain’s $1T tech market The kingdom spent $5.1 billion on research and development in 2022, a 32.7% from the previous year’s $3.9 billion. Saudi Arabia
What’s behind flurry of Saudi helicopter deals with Airbus, Leonardo? The Saudi sovereign fund’s helicopter firm inked several agreements during a helicopter expo in this week, choosing to partner with Airbus amid concerns about Boeing. Legacy: Gulf