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  • For GCC, a Challenge Within Reach: The Gulf Rail Network
     

    Railways have never been the preferred mode of transportation in the Gulf, neither for passengers nor for goods, for geographic reasons and, mostly, due to the affordable prices of fuel for road transportation. But in the next few years, and in order to boost trade, Gulf countries are expected to spend more than $100 billion on rail […]

     
  • Many in GCC Prefer to Get Medical Treatment Abroad
     

    While Gallup surveys show that most GCC residents are satisfied with the availability of quality healthcare in their area, outbound medical care remains an expensive problem for Gulf governments, with the UAE alone spending $2 billion per year to send its residents abroad for treatments. Patients may choose to travel abroad because of poor quality […]

     
  • With customs union, GCC edges toward closer economic ties
     

    Saudi Arabia, the biggest Arab economy, is leading moves toward political and economic cooperation, which it believes would give the mostly Sunni-led monarchies of the Gulf more power to withstand any confrontation with Shi’ite Iran. Closer business ties within the GCC, which consists of Saudi Arabia, the UAE, Kuwait, Qatar, Oman and Bahrain and has […]

     
  • More than half of GCC population under age 25
     

    The countries of the Gulf Cooperation Council (GCC) have a low population compared with other regions, totaling 45 million people in 2011, less than 1 percent of the global population, a recently published report read. The report, filed by Kuwait Financial Center (Markaz), highlighting the GCC demographic shift, said the region is young, with 54 […]

     
  • Study finds ’80 more years of Saudi oil at current production levels’
     

    Saudi Arabia, the biggest oil producer in the world with a proven reserve of 264 billion barrels, could continue oil supplies for the next 80 years at the current production levels, the Kuwait-based Diplomatic Center for Strategic Studies (DCSS) said in a study. Saudi Arabia retains 38.7 percent of world oil reserves whereas the shares […]

     
  • Why Saudi Arabia’s Travel and Tourism Sector Is Ripe for Growth
     

    Saudi Arabia’s travel and tourism sector is poised for rapid growth in the next decade and beyond, and both Saudi and international corporations are looking to cash in on the opportunities ahead. A product of the changing economic and social landscape in Saudi Arabia, the coming tourism boom is likely to contribute to the Kingdom’s […]

     
  • Saudi, UAE, Qatar top Cleantech list
     

    Saudi Arabia, the UAE, Qatar and Jordan are the most attractive markets for clean technologies, thanks to their government plans, budgets and long-term strategies, said a report by Ernst & Young. These countries have also demonstrated investments in large initiatives such as KACARE, Masdar and the ‘Green’ Fifa World Cup 2022, said E&Y in the […]

     
  • Saudi, Kuwait, UAE lead Q1 GCC corporate earnings growth
     

    Earnings of Saudi Arabian companies totalled $6.7 billion, an increase of 15 per cent YoY and 28 per cent QoQ. SABIC, which reported $1.9 billion in Q1 profits, saw its bottom-line decline by five per cent YoY due to softening of global petrochemical prices when compared to Q1 2011. Saudi Banks continued its stable growth […]

     
  • Saudi ‘tops in mobile users’
     

    Saudi Arabia has the highest proportion of mobile phone users in the world with 188 per cent, followed by Vietnam and Oman in the second and third places respectively, according to a recent study. The study which was conducted by the United Nations Conference on Trade and Development (UNCTAD) indicated that this percentage is by far […]

     

MUST-READS

  • UAE Leader Consolidates Power Amid Regional Uncertainty

    On March 29, Sheikh Mohammed bin Zayed Al Nahyan (MBZ), the president of the United Arab Emirates (UAE) and ruler of Abu Dhabi emirate, appointed three brothers and a son to key positions, consolidating his authority and clarifying the succession. Most significantly, MBZ appointed his 41-year-old eldest son, Sheikh Khaled bin Mohammed bin Zayed Al Nahyan, as Abu Dhabi crown prince - effectively positioning him as heir apparent to the 62-year-old leader.

  • Leaked US intel: Russia operatives claimed new ties with UAE

    U.S. officials declined to comment on the document, which bore known top-secret markings and was viewed by The Associated Press. The Emirati government on Monday dismissed any accusation that the UAE had deepened ties with Russian intelligence as “categorically false.” But the U.S. has had growing concerns that the UAE was allowing Russia and Russians to thwart sanctions imposed over the invasion of Ukraine.

  • What Does Saudi-Iranian Détente Mean for the UAE’s Regional Ambitions

    Although most regional actors regard any progress toward regional de-confliction favorably and recognize some critical sectors—such as the security of energy infrastructure and commercial waterways—as a collective interest, each actor has its specific reasons to pursue appeasement instead of head-on confrontation with Iran. Tellingly, Riyadh is not alone in extending an olive branch to Tehran. The United Arab Emirates (UAE), which has also suffered poor historical relations with the Islamic Republic, has sought to mend fences with its quarrelsome neighbor since early 2021.

  • Vaccines save up to 5 million lives in UAE, other GCC countries every year

    According to UAE’s National Emergency Crisis and Disaster Management Authority (Ncema), vaccinations are the best way to defeat Covid pandemic, and the higher the level of vaccination in the community, the higher the percentage of immunity.

  • UAE issues warning, tells companies to hire Emiratis or face fines

    In a new Twitter post, the authority listed five important factors related to Emiratisation targets that were amended at the beginning of 2023

  • Iran appoints envoy to UAE, meeting with Saudi Arabia expected

    Iran has appointed a new ambassador to the United Arab Emirates shortly ahead of an expected meeting of the foreign ministers of Iran and Saudi Arabia in China. Iranian state media confirmed on Tuesday that the foreign ministry has selected Reza Ameri as the new envoy to the UAE after a gap of over seven years.

  • UAE’s Top Oil Executive Has a Plan to Fix COP28

    In an hour-long interview with Bloomberg Green, one of the few he’s granted since assuming leadership of COP28, Al Jaber laid out his view that there’s no contradiction in an oil executive running a pivotal climate forum. He says his role as the public face of clean energy from the UAE has often made him misunderstood. “I can tell you that in most of the meetings people used to react in a different way,” he says, looking back on his early days at state-owned renewables company Masdar. “Some would get very excited, and some were puzzled: ‘You’re a major oil-producing nation.’ ”

  • Entrepreneur behind Call of Duty video game looks to open Saudi Arabia, UAE offices

    The CEO of Los Angeles-based Mythical Games, John Linden, told Al Arabiya English that his company is in talks with government agencies in the Kingdom and the UAE. “I’d say within the next year, we’ll probably try and put a physical opening [in the region] and start growing some teams,” Linden said. “We’re seeing most of the growth right now, at least in entertainment media around Saudi Arabia and the UAE,” Linden explained, adding that he thinks anyone in the media and entertainment industry not “paying attention” to the region is going to be “left behind.”

  • The Abraham Accords and Israel–UAE normalization

    The normalization of relations between Israel and the UAE under the September 2020 Abraham Accords brought together two ambitious regional states with shared threat perceptions. The accords heralded greater political, economic and regional security integration in the Middle East, and after decades of discreet engagement between Israel and Gulf Arab states, have since led to high-level open diplomatic ties, commercial opportunities, technology transfers and dialogue on regional security.

  • Israel, UAE sign free trade pact into effect

    Israel and the United Arab Emirates on Sunday signed a free trade pact into effect, reducing or removing tariffs on about 96% of goods traded between the nations, Israel's Foreign Ministry said. The countries first reached the agreement last May, promising to boost bilateral trade after they normalized ties in 2020 in a U.S.-brokered deal.