Netflix in crosshairs as Middle East streaming competition mounts Samuel Wendel In Washington, DC, reporting on regional business and tech
Interview Nomo Bank sees increasing appetite for Islamic investments, ETFs Paul Szumilewicz, chief revenue officer at UK-based Nomo Bank, said there is a growing demand from the bank’s clients to invest in exchange-traded funds (ETFs) — a pre-defined group of bonds, stocks or commodities poured into a fund and listed on the stock exchange. With Paul Szumilewicz Nomo Bank Chief Revenue Officer
Analysis Will Saudis’ $1.5B cash infusion help Lucid compete with Tesla? The Saudi-backed electric vehicle maker Lucid has never been profitable, but the kingdom remains strategically committed to it amid the growing EV market in the Gulf. By Adam Lucente , Jack Dutton
Analysis What to expect as Russia's oil and gas woes impact Middle East As Iran's expected retaliation against Israel threatens to upset geopolitical dynamics, Russian gasoline export restrictions are placing pressure on global oil and gas markets from another angle. By Paul J. Saunders In Washington, DC, reporting on Russia in the Middle East
Analysis Saudi Arabia lures in Turkey’s defense giants as its military industry grows By Francesco Schiavi In Bologna, reporting on security, defense, economy, governance
Saudi Arabia to invest $1 billion in Pakistan, following UAE and Qatar Pakistan is seeking help from the Gulf amid its foreign currency reserves crisis. Saudi Arabia
Saudi Central Bank approves fintech companies Lean Technologies, Mod5r Saudi Arabia recently launched a fintech strategy with the goal of becoming a regional hub for financial technology. Saudi Arabia
Saudi Arabia strengthens ties with Uzbekistan via wind power, investment deals Uzbekistan’s relations are also improving with the United Arab Emirates and Israel. Gulf
Saudi authorities find amphetamine pills in cleaning supplies Smugglers continue to use creative methods to bring drugs into the kingdom, which struggles with amphetamine addiction. Gulf
Golf commentator who criticized Saudi-backed LIV Golf sued for defamation The Golf Channel’s Brandel Chamblee has been one of the most virulent critics of LIV Golf and is now being sued by Patrick Reed, who plays for the breakaway tour. Saudi Arabia
Saudi Public Investment Fund acquires shares in Amazon, Google, Uber The sovereign wealth fund led by the crown prince has shown a strong interest in technology such as video games. Saudi Arabia
Saudi Arabia secures funding for electricity interconnection with Egypt Egypt just approved a plan to ration electricity, though the government said there is not a shortage of power. Egypt
Saudi Arabia’s Public Investment Fund acquires stakes in Egyptian state-owned firms The acquisitions help make good on Saudi Arabia’s pledge to invest billions in Egypt. Saudi Arabia
Gulf states changing labor, visa and residency policies to attract foreign wealth, talent Robert Mogielnicki
Saudi Arabia-China relations strengthen with Aramco-Sinopec deal The ties between China and Saudi Arabia are largely based on trade and energy cooperation. Saudi Arabia
Middle East reactions: Al-Qaeda leader Zawahiri killed in US drone strike Saudi Arabia and Israel praised the operation which killed the Al-Qaeda leader; a Syrian jihadist group appeared to offer condolences. Syria
Saudi Aramco acquires lubricant giant Valvoline Aramco has been investing in futuristic technology amid high oil prices and profits. Gulf