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Semafor gulf

Israel launches major strikes on Beirut ahead of Oct. 7 anniversary

The balance of power in the Middle East has been indelibly altered in the year since Hamas attacked Israel.
Smoke rises from Beirut's southern suburbs.Mohamed Azakir/Reuters

Construction resumes on world’s tallest skyscraper after nearly seven-year hiatus

Dubai’s long-cherished superlative will soon be snatched by Saudi Arabia.
A view shows the construction site of Jeddah Tower in Jeddah, Saudi Arabia February 6, 2018.Reem Baeshen/Reuters

Saudi HQ rules force firms to scramble for loopholes

Riyadh’s requirement to set up regional headquarters in the kingdom are puzzling executives.
Ahmed Yosri/Reuters

Gulf strives to put a lid on boiling Middle East tensions

Saudi Arabia is continuing to push for Saudi-Israel normalization, even as its foreign minister met with Iran’s president Wednesday.
An Israeli Air Force air strike on a southern Lebanon village.An Israeli Air Force air strike on a southern Lebanon village. Jim Urquhart/Reuters

ADNOC’s still on the hunt after $13 billion acquisition

ADNOC’s biggest global deal so far is part of a $150 billion five-year spending plan.
Christopher Pike/Reuters

Gulf watches Israel shape a new Middle East order

As Israel changes the balance of power in the Middle East, Gulf countries won’t engage until the new order emerges.
Stringer/Reuters

Saudi Arabia to expand cloud seeding program

The program aims to boost rainfall over the kingdom’s arid territory — but is hugely controversial.

In the Gulf as in the US, crises can remove barriers to long-term investment

The Gulf’s economic visions gained momentum after a crisis, mirroring the US development of shale oil decades earlier. 

The shifting foundations of Gulf-US ties

As oil’s primacy recedes, technological cooperation emerges as a new lever in Gulf-US political and business links.

UAE’s Pure Harvest seeks over $100 million for expansion

Pure Harvest Smart Farms, a UAE-based agriculture tech firm, plans to raise at least $100 million as it expands into Singapore, Morocco, and Kuwait.

Fossil fuel companies pour billions into sports, with Saudi Aramco leading the charge

The kingdom’s state-owned oil company Aramco has put more than a billion dollars into sports as the country seeks to improve its image internationally.

The myths that are building the Saudi nation

The new Saudi national identity goes beyond custody of Holy Mosques to one built on Arab unity and stable government.

UAE to focus on business and tech in US state visit

The UAE’s presidential adviser said the country is seeking a US partnership on economy and tech as oil enters its twilight years.

A radical idea to make the UAE an AI innovation hub

A tech sandbox where copyright law doesn’t exist is one idea discussed by investors, making the Emirates more attractive than the US.

Senators in both parties open to treaty vote on US-Saudi defense pact

If the next administration can clinch a deal with Riyadh, it will likely take a lot: an end to the Israel-Hamas war, momentum toward a Palestinian state — and 67 Senate votes.

The deeper question haunting OPEC

The oil-producers group meets in December. Analysts want to know if it will cut or raise production. But more vexing challenges are lurking.

Saudi Arabia is betting big on Egypt

After decades of providing cash assistance, the kingdom will invest $5 billion in companies and projects that promise yield.

Silent anniversary of Abraham Accords, despite record trade

Diplomatic ties between the UAE and Israel generated economic opportunities that persist, even during an unpopular war.