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  • Will the Gaza War Derail the India-Middle East-Europe Economic Corridor?

    The corridor is envisioned as a maritime and rail trade route connecting India to the Middle East through countries including Saudi Arabia, Jordan, and Israel as well as to various parts of Europe. The project carries significant geopolitical implications: Built on India’s sustained effort to strengthen relations with Arab and European states, the corridor is supported by the United States as an alternative to China’s Belt and Road Initiative that will bolster regional integration.

  • Germany Blocked A Eurofighter Sale To Saudi Arabia, Then Lifted It. Will Berlin Do The Same With Turkey?

    Turkey wants to buy 40 Eurofighters and was revealed in late 2023 to be in talks on a deal with the United Kingdom and Spain. While London and Madrid would happily sell Ankara Typhoons, they can only do so with German approval since Germany is a member of the consortium that developed and built the Eurofighter. Germany is reluctant to approve any deal given its opposition to numerous Turkish government policies, including Ankara’s condemnation of Israel, attacks against Syrian Kurds, acquisition of advanced Russian missiles, and natural gas drilling in the East Mediterranean.

  • Saudi Arabia’s Islamic Trade Finance Corp to provide $1.4 billion to Bangladesh Petroleum

    The Islamic Trade Finance Corporation (ITFC) signed an agreement on Monday to provide $1.4 billion to the Bangladesh Petroleum Corporation, Saudi Arabia's state news agency SPA reported. The ITFC, part of Saudi Arabia's Islamic Development Bank, said the financing was aimed at developing Bangladesh's energy infrastructure. "This agreement is a testament to the successful long-term partnership between the two parties and the financing plan will ensure energy security for one of the fastest-growing economies in South Asia," SPA said.

  • Europe’s pro-nuclear leaders seek atomic energy revival

    Leaders from pro-nuclear European countries and energy experts called for a nuclear energy revival on Thursday at a summit in Brussels, seeking to rebuild the European industry after years of gradual decline. The political push to expand nuclear - a low-carbon energy source - is part of the drive to meet Europe's ambitious climate targets. But it faces headwinds including a lack of investment and cost overruns and delays that have plagued recent projects.

  • UAE seeks bilateral EU trade talks with GCC negotiations at impasse, sources say

    The United Arab Emirates is quietly urging the European Union to start talks on a trade pact separate from an Arab bloc, five people familiar with the matter said, as the Gulf state seeks closer political and economic ties with Europe. They told Reuters that Abu Dhabi is frustrated at long-stalled trade negotiations between the EU and the Gulf Cooperation Council (GCC), an Arab bloc that includes the UAE and Saudi Arabia. The UAE, an influential, oil-rich Middle East state, has long advocated deeper EU involvement in the Gulf region. It is the Arab world's second-largest economy after Saudi Arabia, a major Middle East trade partner for many other nations, and its sovereign wealth funds rank among the world's most active.

  • Becoming “Neutral”: Addressing the Increasing Stakes of Qatar’s Hamas Mediation

    In Israel’s war in Gaza, Qatar has played an integral role as a mediator, leveraging its long-term contacts with Hamas. Playing a role procuring hostages from a warzone and trying to broker a cease-fire might seem like unalloyed positives. Yet, beyond its catastrophic humanitarian consequences, the Gaza conflict is proving to be poisonous in exacerbating ideological tensions within the Arab world and well beyond, deeply dividing people into diametrically opposed camps, or at least reinforcing existing political and ideological divisions.

  • Saudi Arabia launches Euro 5 clean petrol and diesel in the market

    The Saudi Ministry of Energy announced on Tuesday the completion of its launch of Euro 5 clean petrol and diesel in the Kingdom’s markets, to replace the petrol and diesel fuels that were existing in the market. The ministry stated that the two new fuels, like the earlier ones, are suitable for all means of transportation, and that the change aims to provide highly efficient, low-emission fuel that contributes to preserving the environment and achieving the goals of the Kingdom’s Vision 2030.

  • How Saudi Arabia exported tomatoes to Europe for the first time

    In February 2024, fresh produce from Saudi Arabia was exported to Europe for the first time. The event was so unique that it was featured on television news. How did Saudi Arabia, with its harsh climate and heavy reliance on imports to cover its local market's needs, manage to export tomatoes to Europe? The answer lies in high-tech greenhouses and vertical farming, and the company behind this feat is Dava Agricultural Co.

  • Turkey to keep rates steady at 45% as tightening cycle ends: Reuters poll

    Turkey's central bank is expected to keep its key interest rate steady at 45% next week, after a 250 basis-point hike last month, marking the end of its aggressive tightening cycle, a Reuters poll showed on Friday. The monetary policy committee meeting on Feb. 22 comes after Fatih Karahan was appointed central bank governor on Feb. 3 after the resignation of Hafize Gaye Erkan, who cited a need to protect her family from what she called a media smear campaign. All 11 economists surveyed by Reuters agreed that the policy rate (TRINT=ECI), opens new tab will be kept steady this month.

  • Report: Saudi Arabia’s strategic maneuvers in the face of the Red Sea shipping crisis

    In the midst of escalating shipping disruptions in the Red Sea, a new report has shed light on Saudi Arabia’s Aramco circumventing the Houthi-led crisis, showcasing the oil giant’s resilience and strategic advantage. Saudi Aramco’s ability to bypass the Bab el Mandeb Strait via its East-West Petroline provides a significant competitive advantage over regional competitors, according to a report by Kpler, which specializes in commodities market data and analytics solutions.