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
Kylian Mbappe declines Saudi meeting to discuss record $333 million transfer A report from L'Equipe newspaper said that the French captain never considered a move to Saudi Arabia. Saudi Arabia
China, UAE overtake US companies at Turkey’s IDEF 23 weapons fair During the 15th edition of the IDEF in 2021, the global fair saw more than a thousand companies from 53 countries attend and had more than 94 signing ceremonies take place. Turkey
IMF dims 2023 Middle East outlook as Saudi Arabia's growth slows The International Monetary Fund's projections for the Middle East and North Africa are down slightly in its latest report. Legacy: Gulf
Saudi oil exports hit new low, dropping by more than one-third In May of this year, Saudi Arabia’s value of oil exports hit a low of just over $19 billion, reported the kingdom’s General Authority for Statistics. This includes both crude and refined products. Saudi Arabia
EU commission sees Tunisia's migration deal as 'blueprint' for region On July 16, the bloc agreed to spend 100 million euros on Tunisia to combat human trafficking and illegal crossings of the Mediterranean Sea. Tunisia
Saudi Arabia's Al-Hilal makes record $332 million bid for soccer star Mbappe Mbappe’s current club Paris Saint-Germain confirmed that the formal offer for its player took place. Saudi Arabia
Iran, Saudi Arabia condemn Quran protest as Sweden relocates embassy staff from Iraq Another provocative protest by Sweden-based Iraqi refugee Salwan Momika targeting Islam’s holy book has the region up in arms once again. Saudi Arabia
Saudi Aramco acquires $3.4 billion stake in a China petrochemical firm The world’s biggest oil exporter is making further inroads in China, Saudi Arabia’s top customer for crude. Saudi Arabia
Saudi Arabia to give Tunisia $500 million amid economic crisis Tunisia is seeking help from the kingdom as well as the EU and the IMF as it battles debt and inflation. Saudi Arabia
Analysis On Gulf tour, Japan's PM secures energy ties as China’s influence grows Prime Minister Fumio Kishida’s three-day trip that began Sunday to Saudi Arabia, the United Arab Emirates and Qatar — its key energy suppliers — is seen as a crucial move to secure Japan’s energy future. By Salim A. Essaid
Saudi Arabia signs major deal with Turkey to acquire Baykar drones Riyadh has long been interested in Baykar drones and the possibility of producing the weapons in Saudi Arabia. Turkey
Work on Israel-Saudi land bridge has begun, Israeli Foreign Ministry confirms The project will facilitate the transfer of goods in trucks intially between the UAE, Israel, Jordan and Saudi Arabia. Israel