Saudi stocks hit 2026 high, bucking global war-driven volatility The kingdom's stock market climbed to its highest level of the year on Wednesday, with the kingdom’s equities now far outperforming the S&P 500 and other global and regional indices. Saudi Arabia
UAE's deputy PM holds first call with Ghalibaf amid push to extend US-Iran ceasefire The Emirati vice president and Iran’s parliament speaker talked de-escalation on the phone in the first such contact since the Iran war began. United Arab Emirates
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
Newsletter: City Pulse Dubai UAE’s ‘Washwasha’ brings sound, memory to Venice Biennale By Rebecca Anne Proctor In Dubai, reporting on culture
Etihad tests out environmentally friendly flights The airline said that sustainable aviation fuel will be needed to make planes pollute significantly less, but the technology is not ready for mass use. United Arab Emirates
Explainer: Oman may follow as most Gulf central banks raise rates Inflation in the Gulf has not been as severe as in other parts of the region. Saudi Arabia
Breaking | Last Updated: May 6, 2022, 10:28 am Qatar's sovereign wealth fund, Dubai's Vy Capital help Elon Musk buy Twitter Musk's takeover of Twitter has several implications for the Middle East, particularly Saudi Arabia and Turkey. Qatar
UAE announces date for auction of dirham bonds The Emirati government began selling bonds for the first time last year in a bid to diversify financially. This is the first time bonds will be sold in the local currency, as opposed to the US dollar. United Arab Emirates
Abu Dhabi removes COVID-19-related capacity restrictions, masks remain The United Arab Emirates’ largest city also recently mandated the resumption of in-person classes for students, and is heading toward a return to the pre-coronavirus normal. United Arab Emirates
Crypto hacking event returns to Dubai The UAE is emerging as a regional hub for cryptocurrency activities. United Arab Emirates
Explainer: UAE business delegation visits Kashmir, meets Indian PM The UAE and India have a strong economic relationship. The Kashmir visit could affect UAE-Pakistan ties. United Arab Emirates
Dubai-based transportation startup Swvl acquires Turkey’s Volt Lines Swvl has recently bought other firms in Europe and Latin America and has received funds to help advance the transportation safety of women in Egypt. United Arab Emirates
UAE crypto push continues as Kraken invades Abu Dhabi Two other cryptocurrency exchanges have also announced moves to Dubai recently. United Arab Emirates
Abu Dhabi, South Korea pledge to boost economic relations South Korean entities have signed major deals with Egypt and Saudi Arabia recently. United Arab Emirates
UAE-India economic agreement to lower tariffs, duties in bid to boost trade India is one of the UAE’s largest trading partners, with oil, jewelry and textiles forming a bulk of the trade. United Arab Emirates
Emirati firm to build solar power plants in Morocco Morocco is heavily dependent on imports for its energy needs, and is working to increase its use of renewable sources. Morocco