Saudi Arabia joins China, UAE in digital currency project

The kingdom is joining the Switzerland-based Bank for International Settlements' central bank digital currency platform.

Saudi Arabia

In rare clash with Iran, China reaffirms solidarity with UAE over disputed islands

Iran seized control of Abu Musa and the Greater and Lesser Tunbs several decades ago, though the United Arab Emirates has long claimed sovereignty over the islands, a claim backed by Gulf states and Russia.

Iran

Analysis

Can Gulf investors outstrip China in Africa as UAE expands reach?

As the UAE, Saudi Arabia and other GCC states boost investments in Africa,Beijing’s Belt and Road Initiative could face serious challenges.

By Sabena Siddiqui

In Karachi, reporting on South Asia, Middle East, Iran

Middle East economic outlook caught between low growth, high debt convergence

Karen Young

In Washington, DC, reporting on regional energy

UAE main destination for smuggled African gold, report claims

Swissaid estimates that 405 metric tons of gold, mostly mined by small-scale or artisanal miners, were smuggled out of Africa in 2022 and ended up in the UAE.

United Arab Emirates

South Korea, UAE ink trade deal lifting tariffs on over 90% of imports

The agreement was signed by ministers at a summit in the capital Seoul during the UAE president's first state visit.

United Arab Emirates

UAE president arrives in South Korea to talk defense, energy, business ties

The visit, the first by the Emirati president, aims to enhance the already strong ties between the two countries.

United Arab Emirates

Malaysia courts Gulf investment and economic ties, but Saudi relations remain question mark

Samuel Wendel

In Washington, DC, reporting on regional business and tech

Analysis

Gaza war complicates IMEC plans even as Gulf-India ties warm

The India-Middle East-Europe Economic Corridor's progress is facing some difficulties related to geopolitical complexities, funding and conflicts in the Red Sea and Gaza.

By Adam Lucente

In New York City, reporting on regional news, militancy, climate change

UAE president to finesse ties in upcoming Beijing visit amid US-China rivalry

The Emirati president's first trip to China in two years comes as ties to the People’s Republic are strengthening across a variety of sectors.

United Arab Emirates

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