Dubai-based Alcazar Energy is reportedly in talks with the Egyptian authorities to acquire the Jabal Al-Zait wind farm on the Red Sea coast.

Iraq has suffered from power shortages and has plans to take electricity from its Gulf neighbours

Bahrain has approved the launch of Starlink, the satellite internet service owned by US billionaire Elon Musk.

Crown Prince Mohammed bin Salman’s highly anticipated visit to Washington this week represents both a recognition of Saudi Arabia’s elevated geostrategic role and an opportunity to advance mutual interests in areas from defence to technology, according to analysts. Saudi Crown Prince and Prime Minister Mohammed bin Salman speaks during a meeting with U.S. President Donald Trump in the Oval Office of the White House in Washington, DC, USA, on November 18, 2025. © Evelyn Hockst

Senior officials from Saudi Arabia and Peru held virtual discussions last week about opportunities to jointly tap into 5 million tons of lithium reserves in the Andean country’s southern Puno region. Alamy via Reuters | A lithium worker in Argentina. The soft metal is a vital ingredient of EV batteries Saudi to grow EV manufacturing Lithium is critical to batteries Talks with Peru, Argentina and Chile This is the latest chapter in the kingdom’s all-of-the-above pursuit of the

Saudi Arabia’s Public Investment Fund is expanding its US footprint by backing a proposed skyscraper in New York City. Alamy/Clare Jackson via Reuters Connect Sightseers take photos of the towers that encircle Central Park in Manhattan. The PIF-backed skyscraper will be 1,200 feet tall The PIF is taking a two-thirds stake in a development site near Central Park, the Wall Street Journal reported. The 1,200-foot office building is being built in partnership with US real estate

A prominent Dubai business leader has downplayed the threat of tariffs from the incoming US administration of Donald Trump. Hindustan Times/Sipa USA via Reuters | DP World chairman and CEO Sultan bin Sulayem met with Indian prime minister Narendra Modi in January Bin Sulayem: trade will thrive Tariffs will bolster Brics appeal Delivery is the big issue Sultan bin Sulayem, chairman and CEO of DP World, one of the world’s largest port operators and a flagship enterprise of the

Bahrain is to build a new airport on reclaimed land in the north west of the country. Alamy via Reuters | With Middle East air travel expected to surge, Bahrain aims to secure its aviation future with a new 50 million capacity airport Middle East passenger growth Brand new facility planned Increasing capacity levels Just three years after the new terminal building of Bahrain International Airport was officially opened, plans are being developed for a new facility following th

Abu Dhabi Investment Authority (Adia), the UAE’s largest sovereign wealth fund, will invest about $750 million in the debt of India’s GMR Group, giving it a foothold in one of the world’s fastest-growing aviation markets. Alamy via Reuters | The Indira Gandhi International Airport in Delhi operated by GMR Group: Adia’s investment will support the continued growth of GMR Airports Refinancing debt Aviation market presence GMR Airports growth The investment will also allow the

Investment banking fees on bond and sukuk issuance in the Middle East and North Africa (Mena) have surged this year as governments, corporations and commercial banks raise increasing amounts of debt to meet their funding needs. Alamy/Hasan Zaidi via Reuters | Central Riyadh. Of total Mena investment banking fees, 45 percent were generated in Saudi Arabia Fees in Mena region up 74% Highest nine-month total this century $150bn estimate for 2024 issuance Mena debt capital marke

Suez Canal revenues have fallen by $6 billion this year amid regional geopolitical issues, president Abdel Fattah El Sisi has said. Alamy via Reuters | In July, Egyptian prime minister Mostafa Madbouly said that the Suez Canal was reporting losses of up to $550 million per month The income from the waterway, connecting the Mediterranean and the Red Sea, declined by between 50 percent and 60 percent in the first eight months of 2024, local media reported, citing the president’

Egypt’s central bank intends to list the state-run United Bank on the local stock exchange in the first quarter of 2025. United Bank | United Bank’s total assets increased to EGP106 billion ($2.2 billion) in June 2024 from EGP72 billion in 2021 The central bank is working to secure approvals from the Financial Regulatory Authority and the Egyptian stock exchange to launch the initial public offering (IPO), the UAE state-run Wam news agency reported. Details of the IPO were no

Saudi Arabia will provide $55 million financing for the development of an airport project in The Bahamas that will more than double its capacity. Unsplash.com/Niklas Jonasson | The Saudi funding aims to more than double North Eleuthera International Airport’s operational capacity The project aims to expand North Eleuthera International Airport’s operational capacity from 300,000 to 700,000 visitors annually, the state-run Saudi Press Agency reported. The expansion will gene