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
Will Saudi Arabia see mining gold rush in 2024? The kingdom plans to take advantage of the growing demand for critical minerals to power the green transition. Saudi Arabia
Tunisia's Ons Jabeur reps Saudi fitness brand Kayanee at Australian Open Jabeur has expressed support for Saudi investment in tennis in the past as the kingdom seeks to boost its sports holdings. Tunisia
Germany reverses, to greenlight Eurofighter jets to Saudi Arabia Germany stopped selling arms to Saudi Arabia following the murder of Saudi journalist Jamal Khashoggi inside the Saudi Consulate in Istanbul in 2018, but has since come under increasing pressure to allow the sale of the jets to the Gulf country. Saudi Arabia
Why has Iran Air abandoned plans to relaunch Saudi Arabia flights despite detente? The Iran Air flights to Saudi Arabia were intended to transport pilgrims to Jeddah and were scheduled to take off from Tehran, Mashhad and Isfahan on Wednesday. Iran
Saudi PIF invested $31.6B in 2023, record in global sovereign wealth funds The PIF is estimated to have nearly $800 billion in assets and wants to become the world’s largest sovereign wealth fund by 2030. Saudi Arabia
With confidence at all-time high, can China emerge as Mideast peace broker? China is riding a wave of support since its Iran-Saudi agreement, but experts say the Palestinian-Israeli brokerage is a different matter. Israel
Saudi mining firm Ma’aden announces gold discovery Saudi Arabia seeks to boost its mining sector, including via investment at home and abroad. Legacy: Gulf
What does Saudi Arabia's CICA membership mean for its Asia pivot? The kingdom’s achievement of observer status in the Conference on Interaction and Confidence Building Measures in Asia follows similar moves with the Shanghai Cooperation Organization and BRICS. Legacy: Gulf
Analysis 2023 in review: The year Saudi Arabia became sports superpower The kingdom has been laying the groundwork to become a sporting leader for decades, but this year marked a turning point as investment ramped up. By Jack Dutton In Bristol, reporting on regional business, climate change, AI, tech
Saudi Arabia’s ACWA Power signs $4B green hydrogen deal in Egypt The second phase of the project could produce 2 million metric tons per year, the statement said, without providing details on the timeline. Egypt
Middle East transparency on carbon emissions lags behind rest of world Turkey and the UAE led the pack for most transparent countries in the region regarding greenhouse gas emissions. United Arab Emirates
China-Saudi Investment Conference begins in Beijing China is Saudi Arabia’s largest trading partner and biggest customer of its primary commodity: crude oil. Saudi Arabia