Oil back above $100 as US moves to blockade Strait of Hormuz Soaring energy prices can be expected to remain volatile while the US begins its blockade of the Strait of Hormuz. Iran
UAE says no more 'niceties' with Iran, seeks clarity on fragile truce terms The UAE said Iran must pay “compensation” for damages incurred during the conflict. United Arab Emirates
Newsletter: City Pulse Dubai UAE’s ‘Washwasha’ brings sound, memory to Venice Biennale Also this week: New wine bar VNTG opens and ‘All at Once’ lands in Dubai. By Rebecca Anne Proctor In Dubai, reporting on culture
Iran hits Gulf, threatens truce as Israel escalates in Lebanon: What to know Iranian attacks continued in the United Arab Emirates, Saudi Arabia and Kuwait hours after a ceasefire between Iran and the US was announced. Iran
Analysis Hostage to Hormuz, can Gulf rewire future energy flows to bypass Iran’s chokepoint? By Samuel Wendel In Washington, DC, reporting on regional business and tech
UAE to store carbon dioxide in rocks The carbon mineralization project is part of the Abu Dhabi National Oil Company's $15 billion investment in decarbonization initiatives. Legacy: Gulf
UAE announces new guidance to control money laundering The United Arab Emirates has been working to counter money laundering since being added to the Financial Action Task Force’s “grey list” in 2022. Legacy: Gulf
Explainer: Interpol nabs alleged Libya-based trafficker The UAE assisted in the task force to arrest Kidane Zekarias Habtemariam, who allegedly extorted migrants through a camp in Libya. The North African country is a major embarking point for irregular sea voyages to Europe. Legacy: Gulf
UAE offers corporate tax orientation as implementation nears The Gulf state decided last year to start taxing business profits and the new tax will go into effect this June. Legacy: Gulf
Uber Travel now available in Saudi Arabia, UAE, Egypt The American ride-hailing giant faces significant competition in the Middle East and North Africa, but continues to expand in the region. Legacy: Gulf
Abu Dhabi to invest $15 billion in decarbonization The Abu Dhabi National Oil Company’s interest in carbon capture and hydrogen is not new, and is part of a wider shift in the United Arab Emirates. Legacy: Gulf
Dubai unveils $8 trillion economic plan Dubai's plan includes measures to boost its foreign trade, sustainability and position as a tech hub. Legacy: Gulf
Dubai’s use of solar power increased in 2022 Dubai is playing a large role in the UAE’s move toward solar energy. Legacy: Gulf
UAE, Saudi, others condemn Israeli minister’s visit to Jerusalem holy site Ben-Gvir’s visit to the Temple Mount/Haram al-Sharif could hurt the new far-right Israeli government's relations with Arab states and Turkey. Israel
Abu Dhabi bank launches tokenized payment system using wearables There have been numerous fintech developments in the United Arab Emirates this year. Legacy: Gulf
Analysis 2022 in review: Saudi-China, Qatar-Germany deals cap Middle East's energy developments Hydrogen power, oil price fluctuations and electric vehicles could feature prominently in the region in 2023. By Adam Lucente In New York City, reporting on regional news, militancy, climate change
Abu Dhabi bank launches new sustainability program Several Middle Eastern banks and funds are pursuing finance focused on green technology and the environment. Legacy: Gulf