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  • Egypt and Qatar agree to resume diplomatic relations: Cairo

    The move follows an agreement between Saudi Arabia, the United Arab Emirates, Bahrain and Egypt earlier this month to end their boycott of Qatar - which began in 2017 over allegations it supported terrorism, a charge that Doha denies. “The Arab Republic of Egypt and the State of Qatar exchanged, today, January 20, 2021, two official memoranda, in virtue of which the two countries agreed to resume diplomatic relations,” a foreign ministry statement said.

  • Analysis: Diplomacy in the Gulf follows the money

    2020 marked a disastrous year for global FDI, with UNCTAD estimates of a 49% decline in the first half of the year. China was on the receiving end of FDI more than it deployed. For the Middle East, China has all but exited the region as a source of FDI. According to AEI's China Global Investment Tracker, there was no Chinese FDI into the UAE or Saudi Arabia, and contract awards amounted to 8% of 2019 awards in the first half of 2020.

  • Saudi Arabia hosts Israelis for Dakar Rally after diplomatic inroads

    Among the teams dashing around the dunes in their cars at the Dakar Rally in Saudi Arabia this month, there were two whose presence would have been unthinkable a year ago.

  • Luxembourg, EU snub Pompeo in final Europe trip, diplomats say

    U.S. Secretary of State Mike Pompeo cancelled his Europe trip at the last minute on Tuesday after Luxembourg’s foreign minister and top European Union officials declined to meet with him, European and U.S. diplomats familiar with the matter said.

  • Biden to nominate William Burns as CIA director, turning to a longtime diplomat to lead agency in post-Trump era – CNNPolitics

    President-elect Joe Biden on Monday will nominate William Burns as director of the Central Intelligence Agency, CNN has learned, tapping a respected veteran American diplomat who has served in posts around the world from the Reagan to the Obama administrations. "The American people will sleep soundly with him as our next CIA Director," Biden said in a statement.

  • Explosion heard in Yemeni city of Aden

    A loud explosion was heard in the Yemeni city of Aden on Thursday evening, residents and a security source told Reuters. The explosion took place just outside a central prison in the southern port city, they added.

  • Saudi, UAE Business Conditions Improve, Though Employment Falls

    Purchasing Managers’ Index surveys compiled by IHS Markit in December for the two Gulf nations rose above the threshold of 50 that separates growth from contraction. In Saudi Arabia, the gauge rose to the highest since November 2019, driven by an increase in output and new business.

  • OPEC+ Warns of Risk to Oil Recovery as Group Plots Next Move

    OPEC warned of risks to the oil market from the resurgent pandemic, a day before the group and its allies meet to consider whether to increase production. “The outlook for the first half of 2021 is very mixed,” OPEC Secretary-General Mohammad Barkindo said at a preparatory meeting on Sunday. “There are still many downside risks to juggle.”

  • Explosions rock Yemen airport as new government arrives from Saudi Arabia, killing at least 25

    A large explosion struck the airport in the southern Yemeni city of Aden on Wednesday, shortly after a plane carrying the newly formed Cabinet landed there, security officials said. At least 25 people were killed and 110 wounded in the blast. Yemen's internationally recognized government said Iran-backed Houthi rebels fired four ballistic missiles at the airport. Rebel officials did not answer phone calls from The Associated Press seeking comment. No one on the government plane was hurt.

  • Saudi Arabia sets stage for new scientific horizon to explore camel’s genome

    Saudi Arabia has successfully managed to lay the ground for a new scientific horizon for more world-class research to explore the camel's genome through the International Camel Organization (ICO). The fruits of such a move are widely expected to appear, within the upcoming few years, with regard to camel-related researches, especially, in the domain of its genome, administered by the International Center for Camel Research and Studies.