Jonathan Ferziger

Dubai is planning to build what its leaders describe as the world’s largest and most advanced car market. Officials signed a contract with DP World on Thursday to build and manage a 20 million square-foot facility connected to 77 international ports that is expected to generate an estimated $3.8 billion in sales. “The new market... Read More

Oman is pushing forward with plans to impose a personal income tax on high-earning citizens and expats that would make it the first member of the GCC to take such a step. The proposal, which has been floated by the government for more than a decade, was recently presented for consideration to the State Council,... Read More

Saudi Arabia’s drive to establish an electric vehicle industry in the kingdom – clinching deals over the past year with the U.S., China and Europe – will be on display this week during the Global EV and Mobility Technology Forum in Riyadh. The two-day conference, which gets underway tomorrow at the Riyadh International Convention and... Read More

The UAE signed a series of deals and preliminary agreements with Russia this week at the Innoprom industrial exhibition in Yekaterinburg, Russia’s fourth largest city. Led by Dr. Sultan Al Jaber, Minister of Industry and Advanced Technology and Group CEO of state energy company ADNOC, the Emirati delegation met Russian officials and discussed a variety... Read More

Chief executives from three of Europe’s largest energy companies and a top Japanese conglomerate came to Abu Dhabi this week to sign agreements backing state-owned ADNOC’s ramped-up efforts to sell liquified natural gas. Each of the firms – Shell, BP, TotalEnergies and Mitsui & Co. – will take a 10% interest in ADNOC’s Ruwais LNG... Read More

As China seeks to strengthen economic ties with the Gulf, investors from the world’s second biggest economy are getting an opportunity to place their bets on Saudi stocks while paying with their own currency. Two exchange-traded funds focused on Saudi Arabia, the largest Arab economy, debuted today in the corporate centers of Shanghai and Shenzhen... Read More

Saudi Arabia’s determination to develop an electric vehicle industry and expand its role in the international mining industry is taking its leaders to South America. Bandar Alkhorayaf, Saudi Arabia’s Minister of Industry and Mineral Resources, will visit Brazil and Chile over the coming two weeks as the world’s leading oil exporter seeks to expand its... Read More

UAE Minister of Economy Abdullah bin Touq headed to India with a bevy of Emirati business leaders in tow as the world’s most populous nation looms ever larger as a magnet for sovereign investment. Bin Touq is leading a trade delegation that will engage with top government officials and corporate chieftains in India, which is... Read More

The UAE’s steady campaign to conclude free trade agreements with partner nations around the world has reached Africa. In a ceremony on Monday, senior leaders of the UAE and Mauritius met in Dubai to sign a Comprehensive Economic Partnership Agreement that will eliminate more than 97% of all import tariffs between the two countries. Dr.... Read More

Amid Boeing’s global travails ranging from delays in the delivery of its new generation airliners to lawsuits from the mid-flight blowout of a cabin door, the world’s No. 2 planemaker is determined not to lose Saudi Arabia. Peter Bellew, chief operating officer of Riyadh Air, says Boeing executives have sought to assure the kingdom’s new... Read More