Haluk Bayraktar, CEO of the drone manufacturer which is co-run by one of Erdogan's sons-in-laws, in a tweet called the deal "the biggest defence and aviation export contract in the history of the Turkish Republic". The value of the deal has not been made public.

Doha, Qatar--Small and medium-sized companies in Qatar have signed deals worth $201 million during the first half of 2023, benefiting from the various services of the Qatar's Export Development & Promotion Agency (Tasdeer). In a report, Tasdeer highlighted the momentum witnessed by the participation of small and medium-sized companies in...

Turkish President Recep Tayyip Erdogan has embarked on a three-state Gulf tour, beginning with Saudi Arabia, as he seeks to attract foreign investment in Turkey's ailing economy. The visit comes as Turkey battles currency collapse and soaring inflation. The Saudi-Turkish business forum was aimed at enhancing trade and investment relations.

The UAE and India vowed to make this year's COP28 conference in Dubai a success, as Indian Prime Minister Narendra Modi paid a visit to the Gulf state. The oil-rich UAE will host the COP28 UN climate talks in November and December, as nations are still far on means to...

Abu Dhabi Investment Authority ($853 billion) and Kuwait Investment Authority ($803 billion) ranked fourth and fifth respectively, while Saudi Arabia's PIF was sixth in terms of assets. ADIA invests, on behalf of the government of Abu Dhabi, in equities, bonds, real estate and infrastructure., with most of its investments concentrated...

LAUSANNE, SWITZERLAND - Cristiano Ronaldo's Saudi club Al-Nassr are banned from registering new players until unpaid debts are settled, FIFA said on Thursday. The team "is currently prevented from registering new players due to outstanding debts", a FIFA spokesperson told AFP, without revealing the amount of the debts. World football's governing...

Riyadh, Saudi Arabia--Former Liverpool captain Steven Gerrard is the latest star name to make the move to Saudi Arabia after signing a deal to become head coach of Al-Ettifaq. The 43-year-old has been out of the game since being sacked by Aston Villa in October. Gerrard had previously said he...

KUWAIT CITY, KUWAIT -  Kuwait reinvited Iran on Monday to talks on their sea borders after Tehran said it was ready to start drilling in a disputed gas field in the resource-rich Gulf. Kuwait insisted it held "exclusive rights" to the maritime field along with Saudi Arabia, after the neighboring countries...

The Pacific bloc represents 12 of 55 votes in the United Nations' Asia-Pacific region, which also includes Saudi Arabia and the UAE. Pacific affairs expert Stewart Firth said "influence comes at a cheap price" in the small, developing economies that make up the Pacific.

MECCA, SAUDI ARABIA- If a landmark reconciliation between Saudi Arabia and Iran has eased tensions in the Gulf, clouds have also lifted at the hajj pilgrimage, where Iranian visitors finally feel welcome again. Seven years of enmity between the Sunni and Shiite powers had made for a cool reception for Iranian...

Saudi Aramco and France's TotalEnergies signed contracts to start building an $11-billion petrochemicals facility in the Gulf kingdom, the two companies said. A signing ceremony for the engineering, procurement and construction contracts for the Amiral complex took place at Aramco's headquarters in Dhahran, in Saudi Arabia's Eastern Province.

Hossein Amir-Abdollahian's visit to the UAE followed stops in Qatar, Kuwait and Oman -- the latest in a flurry of diplomatic moves by Tehran as it seeks to reduce its isolation, improve its economy and project strength. He discussed "bilateral relations and ways to enhance cooperation" with UAE President Sheikh...

ran said last week it had been engaged in indirect negotiations with the United States through Oman, with nuclear issues, US sanctions and detainees on the agenda. The following day, Iran's nuclear negotiator said he had met with diplomats from three European countries in Abu Dhabi to discuss a number...

Riyadh, Saudi Arabia -- The Ministerial Council of the Gulf Cooperation Council (GCC) has stressed the need for coordination, integration and interdependence among GCC countries in all fields. At its 156th session on Sunday, the Council focused on strengthening joint Gulf action, with the Council reviewing the integration process among...

Blinken spoke during a Gulf Cooperation Council ministerial meeting in the capital Riyadh following talks with Saudi Foreign Minister Prince Faisal bin Farhan and Crown Prince Mohammed bin Salman.

"As a result of our ongoing evaluation of effective security cooperation with all partners, two months ago, the UAE withdrew its participation in the Combined Maritime Forces," a statement carried by the official WAM news agency said. The Bahrain-headquartered CMF was established in 2001, initially as a partnership between 12...

Baghdad, Iraq--Iraq is looking to deepen cooperation with Iran in the transport sector and facilitate the movement of pilgrims between the two countries. The issue was discussed in a meeting in Baghdad between the Iranian and Iraqi ministers focusing on the ways to expand cooperation between the two countries. The meeting...

Kuwait - Kuwait's Constitutional Court has upheld a previous ruling that declared the September 2022 parliamentary election void, in which the opposition had made gains, Reuters reported.  The court rejected an appeal against this decision, which was filed by members of the 2022 parliament who argued that the court had...

The new envoy, Alireza Enayati, previously served as Iran's ambassador to Kuwait, assistant to the foreign minister and director general of Gulf affairs at the foreign ministry, the English-language Iran Daily said. There was no immediate confirmation of his appointment from the foreign ministry of the Islamic republic.

With little investment and few projects in operation around the world so far, the technology to capture carbon before it goes into the atmosphere as a potential global warming solution is currently nowhere near the scale needed to make a difference to global emissions.

Tehran, Iran--Iran's trade with six Arab states has vaulted to $35.11 billion in the fiscal year of 2022-2023, according to the latest data released by the Islamic Republic. According to Iran Customs Administration, the Islamic Republic traded 58.25 million tons of goods (excluding crude oil exports) worth $35.11 billion with...

The United States said it was sending reinforcements to the Gulf after what it called increasing harassment by Iran of ships in the oil-rich waters. "The Department of Defense will be making a series of moves to bolster our defensive posture" in the Gulf, National Security Council spokesman John Kirby...

Riyadh, Saudi Arabia - A delegation of Saudi Arabia discussed steps to enhance cooperation in maritime transport and ports with South Korea, local media reports said. Led by Saleh Al-Jasser, Saudi Minister of Transport and Logistic Services, the delegation visited South Korea and met Cho Seung-hwan, Minister of Oceans and...

Saudi Arabia regularly announces seizures of amphetamine pills without specifying whether they are captagon, used by wealthy Saudis as a party pill.

Since the beginning of 2023 alone, three digital and physical platforms have been launched by Qatar, Oman and Kuwait to facilitate investments by foreigners and the local private sector.

TEHRAN, IRAN- Iran said on Thursday it had "forced" a US submarine to surface as it was crossing the strategic Strait of Hormuz in the Gulf, a claim the Americans promptly denied. Admiral Shahram Irani, the commander of Iran's navy, told state TV the USS Florida nuclear submarine was "approaching and...

"The technical committees are now doing their work in this context, and it is expected that there will be exchange visits to consider the procedures we need to reopen embassies." foreign ministry spokesperson Majid Al-Ansari told a briefing. A UAE official confirmed that the reopening of embassies is "under process".

Doha, Qatar: Chinese oil giant Sinopec on Wednesday became the first Asian firm to get a stake in Qatar's expansion of North Field East, the Gulf country's energy company announced. North Field contains the world's biggest natural gas reserves and extends under the Gulf into Iranian territory. China is already...

The delegation's arrival comes roughly a month after China helped broker a surprise rapprochement between Saudi Arabia and Iran, fuelling hopes for progress on ending the Yemen conflict that has claimed hundreds of thousands of lives. Omani mediators arrived in the Yemeni capital, Sanaa, on Saturday.

Iran's foreign ministry said a delegation will visit Saudi Arabia by April 14 to pave the way for reopening its diplomatic missions there following a similar move by Riyadh. The announcement comes a day after a Saudi delegation arrived in Tehran and follows a historic meeting between the two Gulf...

The poll discovers people struggling across the Middle East to cope with high cost of living in the holy month of Ramadan, with inflation in some places reaching 100.

Cuts by the Saudis, Iraq, UAE, Kuwait, Algeria and Oman from May to the end of the year will total more than one million barrels per day -- the biggest reduction since the OPEC+ cut 2 million bpd in Oct. A Saudi official called it a measure "aimed at supporting...

The UAE is likely to remain the top e-commerce market in the GCC in 2023 but Saudi represents the largest potential growth over the medium and long term.

It suffers from constant stand-offs between elected lawmakers and cabinets installed by the ruling Al-Sabah family, despite a parliamentary system in place since 1962.

Abu Dhabi, which normalized relations with Assad's government in 2018, has led aid efforts in the aftermath of the February 6 earthquake that struck southeastern Turkey and northern Syria, killing tens of thousands. A diplomatic momentum generated by aid efforts in the quake's aftermath could bolster Damascus's relations with Middle...

There is chaos in the crypto market and the dust rises with an episode of failure, but failures must not be generalized, says Don Tapscott of Blockchain Research Institute.

According to state newspaper Al-Ahram, a decision by Prime Minister Mostafa Madbouli published in the official gazette,  says the premier can now "grant Egyptian nationality" to applicants that meet one of four conditions. Foreigners can either buy at least $300,000 of real estate in Egypt, invest $350,000 in the country,...

BEIRUT, LEBANON - Lawmakers attending an inter-parliament gathering in Bahrain's capital this week should seize the "opportunity" to address the Gulf state's "dismal rights record", rights groups have said. Parliamentarians from around the world are planning to attend this year’s Inter-Parliamentary Union (IPU), the oldest and largest organization of parliaments in...

As the governments and private organizations in the region are taking measures to encourage and support women entrepreneurs in the tech industry, their prospects across the setor are improving, and there is a growing sense of optimism that more women will continue to break through the glass ceiling in this...

New tracks have been launched in the Gulf common market to supplement the 10 current tracks. The bloc also seeks collaboration with the private players in the region.

Sultan Haitham and Assad "held official talks" at the royal palace in Muscat, Oman's foreign ministry said in a statement. The Omani ruler "extended anew his condolences and sincere sympathy to.... the president and to the brotherly Syrian people for the victims of the devastating earthquake", it added.

Qatar-based Gulf International Service has successfully accomplished the merger.

The annual expansion of more than 100 fuel stations in the Gulf countries add around US$500,000 per day to companies' revenues in each country in the region, say experts.

Emirati President Sheikh Mohamed bin Zayed Al Nahyan "has ordered the provision of an additional US$50 million as relief aid for quake-affected people in Syria", reports said.

Experts say the deals could be a win-win for all sides, but unlike old Gulf largesse of unconditional aid, the new deals will require reforms. Cairo hopes the cash injection will plug what the IMF warns is "a financing gap of about $17 billion over the next four years".

Rayyana Barnawi will join fellow Saudi male astronaut Ali Al-Qarni on a mission to the International Space Station (ISS) "during the second quarter of 2023".

More dams are being built in the region to shield the residents against floods, offer a lifeline during drought and work towards food sufficiency by enhancing agriculture output.

Spending will rise by 11.7 percent to more than $86 billion, with 80 percent going on civil service wages and public subsidies.

Robust monetary policies curtail the impact of geopolitical tensions, energy crisis, worsening inflation rates and market volatility on the region during 2022, a report highlights.

BAGHDAD, IRAQ - The Civil Aviation Authority announced the work to conclude new air agreements with the Gulf states. A spokesman for the Civil Aviation Authority, Jihad Al-Diwan, told local media agency: "We have agreements with all Gulf countries and all Gulf national carriers that land in Iraqi airports, except for...