Declining fossil fuel output and surging demand spark energy shortage despite production from vast Zohr field
Sheikhs Hamdan and Maktoum take on greater responsibility as their father Sheikh Mohammed gradually steps back
Bank earnings in Palestinian territory have been hit and theft is rising as Israeli curbs and war fallout leave over $1bn idling in vaults
Move underlines progress in country’s $1tn economy since pivot to more conventional monetary policy
Riyadh builds studios and offers financial incentives in drive to develop lucrative creative sector
Some pro-reform citizens lack faith in country’s tightly controlled politics but their participation could be critical
UAE and Saudi Arabia are leading region’s efforts to reduce dependence on oil and gas
Presidential election comes as Iranians face cost of living crisis — even much-derided cheap car is unaffordable for many
Aramco’s Prosperity7 takes part in investment round for start-up Zhipu AI
First rise in more than 35 years risks sparking unrest and comes as government grapples with huge debt servicing bill
Disgruntlement rises over role of outside experts in running the kingdom
Companies would face less political scrutiny in a region where ties are mainly centred around economic interests
Bankers hope successful listing of high-end grocer heralds wave of private companies going public
Fund expects growth in region to be a ‘lacklustre’ 2.6% this year as instability rises
War in Gaza hastens rescue package aimed at rebooting economy
Planned deal aims to shore up country’s economy and curb migration
Global groups largely comply with Riyadh’s edict but banks and professional services firms are more wary
Fund agreed to inject cash after Cairo allowed pound to drop to record low against US dollar
Cash for Mediterranean development could unlock IMF deal for most populous Arab country, say analysts
GDP plummeted in annualised terms in last three months of 2023 amid conflict with Hamas
Alibaba and SenseTime secure huge joint ventures in Gulf kingdom but agreements come with stringent requirements
Entrepreneurs operating in Gulf state hope their delicate commercial links can withstand the conflict
Impact of Gaza war gives new impetus to long-running talks over a package estimated to be $10bn
Deal marks high-profile investment in Israel, which has been at war with Hamas since October
Governor urges government to start budget tightening this year to pay for cost of war
