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Semafor World Economy

Manal Albarakati

Manal Albarakati

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Sign up for Semafor Gulf: Navigating the region’s capital, influence, and power.

Iran-backed Houthis test Mecca’s sacred shield

WhatsApp groups and social media across Saudi Arabia lit up on Tuesday with variations of the same message: The Houthis are attacking Mecca.
Mecca.
Ibraheem Abu Mustafa/Reuters

Dubai crams events delayed by the war into autumn

The twice-rescheduled Arabian Travel Market finally opens this week, while GITEX will bring 200,000 tech visitors in December.
Visitors walk at the Arabian Travel Market in Dubai Trade Center.
Abdel Hadi Ramahi/Reuters

DP World expands Africa network with new industrial park in Kenya

The Dubai port operator formalized plans for a 222-hectare industrial park at Mombasa.
A Djibouti policeman stands guard during the opening ceremony of DP World’s Doraleh container terminal in Djibouti port.
Ahmed Jadallah/Reuters

Saudi soccer cuts spending

Saudi clubs spent the lowest amount since the 2023 buying spree that aimed to boost the kingdom’s international soccer cachet, according to FIFA’s transfer report.
Al Nassr’s Cristiano Ronaldo celebrates after Angelo Gabriel scores their first goal.
Ibraheem Abu Mustafa/Reuters

Chinese carmaker ROX begins production in Abu Dhabi

The brand, which moved its global headquarters to the UAE last year, plans to have production capacity for 20,000 vehicles in 2027.
A Rox 01 SUV displayed at the Shanghai Auto show.
Go Nakamura/Reuters

$300k falcons fly off the shelves in Abu Dhabi

Bred on the same American farm, an ultra-white gyrfalcon chick went for 1.1 million dirhams ($300,000) while a pure-white gyr fetched 1.5 million dirhams.
An “Ultra White Pure Gyr Garmousha” falcon chick sold in Abu Dhabi.
Courtesy of Emirates News Agency

New museum reflects on Saudi’s post-oil future

As the kingdom plans for life after oil, crude has become a muse, with art spanning the eras before, during, and after it.

Dimon and Dalio RSVP to Saudi’s flagship investment summit

Saudi Arabia’s flagship investment conference has published its RSVPs nearly two months out.

Gulf’s biggest port Jebel Ali waits for the war to end

Six months into the Iran war, Dubai’s port operator is spending $100 million a month to keep its flagship facility ready for a recovery.

UAE AI firm pitches video compression for Saudi security

Abu Dhabi-based Neurovia AI says its software can shrink video files by up to 95% while maintaining near-original clarity.

LEAP returns to a changed Gulf after months-long delay

Chief executives including HUMAIN’s Tareq Amin, Cisco’s Chuck Robbins, and AMD’s Lisa Su are expected to speak.

Saudi intensifies $13.3 billion buildout of indoor entertainment centers

The kingdom is starting with its underserved second-tier cities, which are often in areas that attract year-round tourism because of their cooler climate.

Qatar enters regional EV race with first production facility

The factory is part of a deal between the local JTA International Investment Holding and British startup Watt Electric Vehicle Company.

Hormuz closure dents DP World earnings

Container volumes at Jebel Ali plunged nearly 90% in the second quarter, but overall revenue still rose as the group’s global network of ports helped to offset the slowdown in its home market.

Israeli textbook watchdog commends Saudi education reforms

Riyadh has removed material viewed as intolerant and introduced lessons on coexistence and critical thinking over the past decade.

Dubai developers ride out property slowdown

Five months into the US-Iran war, activity has slowed, but prices have remained more stable.

Saudi builds maritime coalition to secure safe shipping routes

Rear Admiral Abdullah bin Salem Alshehri will lead the effort, which includes Egypt, Pakistan, and Türkiye.

Saudis flock to new navigation app Hudhud

Standard maps are of little help when the Saudi Arabian capital, which redraws itself weekly, with closures and new interchanges outpacing the Big Tech cartographers.
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