On Tuesday, in a significant development Israel has signed a free trade agreement (FTA) with the United Arab Emirates marking its first big trade accord with an Arab state. The agreement sees removal of tariffs as well as a boost… Read More ›
Middle East
Saudi Arabia could cut June crude prices for Asia, as it competes for marketshare with Russia
On Friday, oil traders opined, Saudi Arabia is likely to cut crude oil prices to Asia in June following a slump in demand from China, which is seeing increasing COVID lockdowns which are curbing demand. China is the world’s biggest… Read More ›
Grains rotting away on blockaded Ukrainian ships: Ukrainian Farm Minister
In a statement Ukrainian Farm Minister said, nearly 1.25 million tonnes of oilseeds and grains, loaded on commercial vessels are rotting away in Ukrainian seaports with Russia enforcing a blockade. Before the war, Ukraine used to export the bulk of… Read More ›
Jared Kushner’s investment firm Affinity Partners raises more than $3 billion in committed funding
According to a source familiar with the fund raising effort, Jared Kushner’s global investment firm, Affinity Partners, has raised more than $3 billion in committed funding from international investors. Kushner, a former top aide to former US President Donald Trump… Read More ›
Israel-UAE hold historic meeting, Iran continues to be in focus
In the first ever public meeting, Abu Dhabi Crown Prince Sheikh Mohammed bin Zayed al-Nahyan played host to Israel’s prime minister Naftali Bennett, following the formalisation of Israel-UAE ties in 2020. Ahead of the talks, Israeli ambassador to Abu Dhabi… Read More ›
US weapons sales to Saudi Arabia passed by Senate
The U.S. Senate has rejected a resolution that aimed to prohibit the sale of advanced medium range air-to-air missiles, missile launchers and other weapons to Saudi Arabia. The vote, 67 to 30, against the resolution, was introduced by Republicans Rand… Read More ›
Biden Administration invites Taiwan to Summit of Democracy
In a significant development, the Biden Administration has invited Taiwan to its “Summit for Democracy” scheduled to take place next month. The summit, the first-of-its-kind gathering of democracies, marks a test of US President Joe Biden’s assertion that he would… Read More ›
US Saudi to intensify efforts against Iranian violations of international treaties on nuclear agreement
In a statement on Friday, Saudi Arabia’s foreign ministry said, Foreign Minister Prince Faisal bin Farhan Al Saud met U.S. Secretary of State Antony Blinken in Washington and exchanged views on Iran’s nuclear program. “Had a productive meeting today with… Read More ›
Digital payment giant Stripe expands into Middle East, opens office in Dubai
On Tuesday, digital payments giant Stripe announced the opening of an office in Dubai, marking its first expansion into the Middle East region. Founded in 2010 by Irish brothers Patrick and John Collison, Stripe is used by more than 50… Read More ›
Saudi Aramco hires bankers ahead of multi-tranch U.S. dollar denominated bond issue
On Monday, oil giant Saudi Aramco stated, ahead of its launch of its U.S. dollar-denominated bond issuance, it has hired a group of banks, in a stock exchange filing. Saudi Aramco, the world’s biggest oil company is aiming to raise capital… Read More ›
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