IMF slashes Mideast outlook by nearly 3 points as Iran war hits economies The International Monetary Fund cut gross domestic product forecasts for the Middle East and North Africa, with the fallout from the conflict exposing stark divergences between the region’s energy exporters and importers. Iran
China signals bigger Gulf role as UAE crown prince visits Beijing China, which maintains close ties with both Iran and Gulf states, is hosting one of the UAE's top officials this week as a fragile ceasefire in the region holds. China
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 By Rebecca Anne Proctor In Dubai, reporting on culture
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
Dubai’s AMEA Power wins solar contract in South Africa Both the UAE and Saudi Arabia are seeking better ties with sub-Saharan African states, including in regards to energy. Legacy: Gulf
UAE's Ports Group expands footprint in Sudan The agreement allows the Abu Dhabi-based logistics giant to operate ports in Sudan and will contribute to the UAE’s growing influence on the African continent. Legacy: Gulf
UAE to open facility that converts waste to green hydrogen The Gulf state already has one waste-to-energy plant and is looking to build more. Legacy: Gulf
Inside UAE, Saudi roles in facilitating release of Brittney Griner A high-level Gulf source with access to the details of the exchange told Al-Monitor that the exchange happened at a UAE airbase at 5:00 pm Abu Dhabi time (8:00 am ET). Legacy: Gulf
UAE business center releases whistleblowing guidelines The UAE is seeking to improve financial transparency among other major financial changes happening in the Gulf state. Legacy: Gulf
Dubai’s AMEA Power advances wind, solar projects in Egypt The project is one of many that Emirati entities have announced this year. Egypt could benefit from more renewable energy, but already has some solar and wind plants in the country. Egypt
Amazon to open online grocery store in UAE The US retail giant has also been in the news regarding Saudi Arabia and Egypt recently. United Arab Emirates
Etihad launches initiative on sustainable aviation fuel to decarbonize flights Sustainable aviation fuel, which is sourced from biological materials, has great carbon reduction potential. However, airlines' reluctance to spend more on fuel is hampering its development, according to some observers. Legacy: Gulf
Abu Dhabi launches new cryptocurrency hub despite downturn Despite a global slump, cryptocurrency is growing in the UAE in line with the government’s diversification goals. Legacy: Gulf
Israel’s OurCrowd invests in a $60 million AI hub in Abu Dhabi The Israeli investment platform will build on the UAE's efforts to become a world leader in artificial intelligence and attract more futuristic technology companies to the country. Legacy: Gulf