UAE wealth fund ADIA scoops into $18B Haagen-Dazs owner Froneri The UAE sovereign wealth fund has become a co-investor in Froneri in a deal valuing the global ice cream firm at about $18 billion. United Arab Emirates
UAE deepens Asia ties as Malaysia, Australia trade deals kick in Asia accounts for around 60% of the world’s gross domestic product and pursuing trade deals there helps the UAE hedge against dependence on both the US and China. United Arab Emirates
Trump family further expands Gulf business with $1B Jeddah plaza project It will be the second Trump-branded development in the kingdom after the launch of Trump Tower Jeddah last December. Saudi Arabia
Analysis Gulf investors emerge as key players in US social media giants TikTok, Snap, X With UAE tech investor MGX set to take a stake in TikTok's US operations, investors from the Middle East could cement their role in America's social media landscape. By Samuel Wendel In Washington, DC, reporting on regional business and tech
Analysis After $20B deals unravel, will Gulf oil majors scale back abroad? By Samuel Wendel In Washington, DC, reporting on regional business and tech
Newsletter: City Pulse Dubai From London to Dubai: Taymour Grahne By Rebecca Anne Proctor In Dubai, reporting on culture
Analysis As states recognize Palestine, Netanyahu seeks Trump nod on annexation By Ben Caspit In Tel Aviv, reporting on national security, Israeli politics, defense
Newsletter: Business & Tech Revolut makes Middle East entry with UAE approval This week’s newsletter looks at Egypt’s $18 billion Gulf-backed tourism project, Revolut’s entry into the Middle East via the UAE, and a new India-Israel investment pact, alongside fresh moves in the Gulf’s AI race. By Jack Dutton In Bristol, reporting on regional business, climate change, AI, tech
UAE president visits Qatar, bans Israel from Dubai Airshow after Doha strikes UAE President Sheikh Mohammed bin Zayed Al Nahyan threw his country’s support behind Qatar, saying the Israeli strikes on Qatari territory violated international laws. Qatar
UAE’s new AI K2 Think chases DeepSeek moment in Gulf tech race The Gulf state has launched K2 Think, an open-source reasoning model designed to speedily and efficiently tackle math and logic problems. United Arab Emirates
UK's Revolut enters Middle East fintech market with UAE licenses The Central Bank of the UAE has granted Revolut in-principle approval for stored value facilities and retail payment services licenses. United Arab Emirates
China calls on BRICS to boost multilateral trade as Iran, UAE eye closer ties The UAE’s and Egypt’s trade with BRICS members is on the rise, while Iran’s efforts to increase economic ties are complicated by sanctions. China
Cyprus courts UAE amid Greek pressure on subsea cable: What to know The project has been beset with delays due to longstanding disagreements between NATO members Greece and Turkey over territory in the Eastern Mediterranean. United Arab Emirates
Trump aims to crack Gulf's armed drone market with looser export restrictions Washington's latest reinterpretation of the 35-nation MTCR agreement is expected to open the door for a potential major sale of advanced aerial weaponry to Saudi Arabia. United States
Middle East internet slows after Red Sea cables cut: What to know Yemen's internationally recognized government accused the Houthi rebels of planning to attack underwater cables in the Red Sea in February 2024. Kuwait
Sudan accuses UAE of hiring Colombian mercenaries in UN complaint Sudan’s complaint claims 350 to 380 Colombian mercenaries were recruited by Emirati security firms to fight alongside the RSF. Sudan
Saudi Arabia, UAE firms sign $18.5B tourism megaproject for Egypt The new deal forms part of Egypt’s Vision 2030 agenda as the government aims to secure $42 billion in foreign direct investment this year. Egypt
Qataris hail Chinese robotaxis as Gulf embraces driverless cars Three Chinese companies have publicly announced plans to roll out the autonomous vehicles in the Gulf. Qatar
From Milan to Dubai: Giorgio Armani's sprawling Middle East legacy The Italian designer's eponymous brand has luxury real estate in the Gulf, as well as North Africa. United Arab Emirates