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Semafor World Economy

Ed Clowes

Ed Clowes

Gulf News Editor

Email Ed
@edclowes

UAE’s super stallions will compete in Japan’s Asian Games

The UAE fielded its first-ever Asian Games dressage team in Hangzhou in 2023. The 20th Asian Games run Sept. 19 to Oct. 4 in Nagoya, Japan.
Rider Ali Khalfan Al Jahouri and his horse, Lotus-S.
Courtesy of UAE Equestrian and Racing Federation

Saudi Arabia’s well-timed uranium find near Medina

Though the element is more abundant than gold, the timing is curious. Beijing reportedly helped build a facility to extract yellowcake from ore.
Sample rocks containing uranium deposits from the NexGen exploration site in Athabasca Basin, Canada, Aug. 13, 2026.
Divya Rajagopal/Reuters

Gulf airlines muscle up, fending off European rivals

Nowhere is this clearer than in Dammam, where Saudi Arabia has ordered a new budget airline and an expansion of King Fahd International Airport.
A Saudi woman is seen with her luggages as she arrives at King Fahd International Airport in Dammam, Saudi Arabia, August 21, 2019.
Hamad I Mohammed/Reuters

Gulf carriers bulk up their fleets

Saudia Cargo will double its fleet, adding four Boeing 777-200F jets over more than two years.
A Saudi Cargo plane.
Courtesy of Saudi Cargo

Saudi’s $8.1B beauty market dominates Gulf

The boom is being driven by Saudi women’s rising disposable income.
A Sephora store in New York.
Eduardo Munoz/Reuters.

UAE real estate developer Arada agrees to build $7B district in Damascus

The deal is the latest example of Gulf capital being funneled into Syria’s reconstruction, aligned with a broader US effort to keep the country out of Iran’s orbit.
A rendering of Arada’s proposed development in Syria.
Courtesy of Arada

Iran war widens split in Gulf stock markets

Dubai and Qatar have fallen as they remain more exposed to the Strait of Hormuz closure, while Saudi Arabia and Oman have performed positively.

The Gulf faces uneven rebound from war downturn

As diplomats, schoolchildren, and executives trickle back into the region, inbound flight data for August paints a picture of uneven recovery.

Famous London bakery fires warning shot at Saudi copycat

The bakery did a stellar job knocking off the OG, as social media users in Saudi Arabia celebrated the arrival of the London shop.

Disentangling UAE-Iran economic ties could prove difficult

The UAE was Iran’s largest source of imports before the war, ahead of China.

Dubai’s DP World pushes ahead with $800 million Syria port

It’s the latest evidence of Syria attracting much-needed capital from the Gulf.

Iran’s export lifeline runs dry as US defends blockade

The embargo is the sharpest edge of a campaign to starve Tehran of oil revenue and undermine its economy.

UAE establishes mandatory pet register as ownership soars

Failure to register a prize pooch with the Department of Municipalities and Transport can now cost owners 1,000 dirhams ($272) per animal.

Egypt could be the latest addition to the Mecca defense pact

The so-called Mecca pact commits members to jointly retaliate against attacks on any of them in the style of NATO’s Article 5.

Trump ‘low-keying it’ on Iran, as he bets on economic pressure

“We are just watching Iran with its huge inflation and the fact they have no money,” Trump said in an interview with Axios.

Saudi-Türkiye-Pakistan sign defense pact as peace talks drag

The pact stipulates that an “armed attack against any one of the three states shall be regarded as an attack against them all.”

Deal to open Strait of Hormuz nears ‘final stages’

Iran and Oman are close to an agreement on a commercial route through the Strait of Hormuz, but dysfunction at the top of the Iranian regime is likely slowing talks.

Dubai population tops prewar peak, countering fears of expat exodus

After an initial exodus, the loss of 61,000 residents was quickly reversed.
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