Newsletter: City Pulse Dubai Zayed National Museum opens in Abu Dhabi Also this week: Apollo lands in Palm Jumeirah, 421 turns 10, and Design Miami heads to Dubai By Rebecca Anne Proctor In Dubai, reporting on culture
Yemen's STC separatists advance in Hadramout as UAE-Saudi rift grows The fighting between the UAE-backed southern separatists and Saudi-aligned tribal forces, nominal allies against the Houthis, has raised concerns about the division of Yemen. Yemen
Turkey defense firms break record with $10B in revenues: SIPRI Turkey set a new record with five companies in the Stockholm International Peace Research Institute's Top 100 for 2024, which included nine Middle Eastern countries for the first time amid conflict-driven arms demand. Turkey
Analysis US-Gulf critical minerals ties grow in bid to weaken China’s grip on industry Saudi Arabia and the UAE are emerging as indispensable partners to the United States in its efforts to “friend-shore” a strategic sector and supply chains dominated by China. By Samuel Wendel In Washington, DC, reporting on regional business and tech
Analysis South Korea’s $15B jet offer expands UAE's options as US moves to sell Saudis F-35s By Francesco Schiavi In Bologna, reporting on security, defense, economy, governance
Newsletter: City Pulse Dubai Abu Dhabi opens Middle East’s largest natural history museum By Rebecca Anne Proctor In Dubai, reporting on culture
UAE's ADNOC invests in Mozambique's natural gas in first African foray The deal will give ADNOC a share of the liquified natural gas output from the concession, which has a combined capacity of over 25 million metric tons per pear, the company said in a statement. United Arab Emirates
Dubai beats Singapore, London as top city for 'greenfield' FDI projects FDI Markets data, compiled by the Financial Times, found the UAE's financial capital ranked top overall in global "greenfield" FDI projects attracted in 2023. United Arab Emirates
Emirates airline reports record $4.7B profit as Gulf competition heats up The Dubai-based airline has posted strong performance figures in recent months. United Arab Emirates
Dubai’s real estate boom keeps rolling, emboldening investors despite risks Samuel Wendel In Washington, DC, reporting on regional business and tech
Record rainfall forces Gulf cities to rethink climate change A climate change monitor estimates that global warming made the Gulf deluge 10-40% more intense than it would have been in the pre-industrial era. United Arab Emirates
Dubai crowned wealthiest city in Middle East, home to 72,500 millionaires The number of individuals in Dubai with liquid investment wealth — assets that can be readily converted to cash — of $1 million or more increased by 78% between 2013 and 2023 to 72,500, according to a report. United Arab Emirates
UAE’s non-oil revenues hit by April floods, but quick recovery expected The seasonally adjusted S&P Global UAE Purchasing Managers’ Index fell to 55.3 points in April, still indicating growth, but had been at 56.9 the previous month. United Arab Emirates
UAE-backed RedBird IMI pulls out of Telegraph deal, will sell UK newspaper RedBird IMI effectively took control of Telegraph Media Group in December, when it repaid the owner family’s debts, including a $753 million loan against the media outlets. United Arab Emirates
UAE, Ukraine conclude trade deal talks, Emirates to help post-war reconstruction Ukraine’s bilateral trade has sharply fallen since Russia invaded the country in February 2022. United Arab Emirates
Gulf telcos flexing investment might amid drive to become global brands Samuel Wendel In Washington, DC, reporting on regional business and tech
UAE company agreed to loan $13B to South Sudan in exchange for oil A $13 billion loan to South Sudan, funded by Hamad Bin Khalifa Department of Projects, marks the largest-ever cash deal for the country. United Arab Emirates