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Intelligence for the New World Economy
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Home
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© 2026 Semafor Inc.
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Matthew Martin
Saudi Arabia Bureau Chief
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Saudi’s $100 billion electronics fund removes head, drops chip ambitions
Public Investment Fund executive takes over to refocus Alat’s efforts on data centers.
Amit Midha. Courtesy of Future Investment Initiative
Gulf stocks surge and oil falls after ceasefire deal
Dubai’s benchmark index rose more than 6% as real estate stocks rebounded and Abu Dhabi’s was up around 3% on Wednesday.
Staff/Reuters
Riyadh evacuates main business hub over Iran threat
Businesses have been told not to send employees into work at King Abdullah Financial Center.
Isabel Infantes/Reuters
US tech company eyes Saudi’s lithium resources
The kingdom has lithium and vanadium in its oil-field brine, which Pure Lithium wants to use to produce rechargeable batteries.
An automated lithium-ion battery production line. China Daily via Reuters.
Wall Street bosses stick by the Gulf despite war
Foreign firms know that Gulf leaders have long memories and will reward those who stand by them.
Carlo Allegri/File Photo
Benefit Street Partners looks for Gulf private credit deals
Undeterred by the Iran war, Franklin Templeton’s credit arm looks to expand in the Gulf.
David Manlowe. Courtesy of the Future Investment Initiative.
General Atlantic says ‘biggest mistake’ would be pulling back on Gulf deals
US private equity investor will remain committed to Gulf even as war rages with Iran.
Saudi’s Miami confab showed its future is tied to the US
No one learned anything new at a glitzy event in Miami, but US-Saudi ties were reinforced.
Miami draws Wall Street crowd still eager to do Gulf business
Saudi’s US investment conference shows Gulf cash still attracts western finance, even if execs are holding off going back to the region.
Saudi, US investors meet in Miami as war rages on
Iran’s attacks on Gulf countries are serious and disrupting, but this makes it even more important to meet, said Richard Attias, CEO of the FII Institute.
‘Zombie tankers’ sail in the Strait of Hormuz
At least two tankers have passed through the strait while impersonating ships scrapped long ago, as Iran continues to exert a tight hold on traffic through the waterway.
Saudi promotes Trump ties in Miami, even as war rages
Trump’s scheduled attendance at a Saudi investment conference in Miami this week could solidify the Gulf country’s ties to the US administration, despite a war Riyadh didn’t want.
Saudi Arabia opens land and sea trade routes to UAE
The need to cooperate on logistics is helping to reset Riyadh’s fractured relations with the UAE.
Saudi Arabia ramps up anti-corruption drive
Efforts to root out corruption under Mohammed bin Salman, once written off as a power grab, have picked up.
Restoring confidence to the Gulf will be costly
Gulf economies will need to spend to get their economic diversification plans back on track once the war ends.
Gulf economies projected to contract because of war
In a prolonged conflict, with the Strait of Hormuz blocked until the end of April, the worst-hit economies, Qatar and Kuwait, would contract by 14%.
US and Saudi firms team up for Africa minerals deals
Cove Capital and Saudi family conglomerate aim to raise multi billion dollar fund to acquire African mining operations.
UAE banks move data abroad following Iran strikes
UAE banks suffered service outages after an Amazon data center in the country was hit by drones.