Showing results for "Shoura Council"

Saudi Arabia’s semiconductor revolution

  • At a time of rapid technological innovation and data-driven economies, semiconductors have emerged as the so-called new oil. These tiny chips that will court an estimated global investment of $1 trillion by 2030 are the cornerstone of modern societies. From computing to consumer electronics to ...
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New British Middle East policy on the horizon under Labour

  • This is a pivotal year, with people in more than 60 countries heading to the polls to vote in national elections. Among these is the general election in the UK that will take place on July 4, in which the Conservative Party, which has ruled for the last 14 years, is predicted to lose power. In...
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Mutual benefits of growing Sino-Iraqi relations are clear

  • Iraq has emerged as a significant partner for China as the latter actively expands its economic and diplomatic presence in the Gulf. In particular, Beijing has shown interest in investing in the Gulf state’s oil and gas sector, which continues to be a lifeline for the Iraqi economy. In the pa...
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Gulf states on track with renewable energy investments

  • The Gulf states that are concerned with economic transformation are beginning to focus on diversification, with the development of robust infrastructure for renewable energy. As urban developments and populations expand across the Gulf region, the demand for electricity is growing rapidly and t...
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Revitalized Maghreb union would benefit all member states

  • Developments in the Maghreb last month have once again drawn attention to the Arab Maghreb Union, the ambitious plan to unite the western region of the Arab world. The last meeting of the Arab Maghreb Union took place three decades ago, in 1994. Amid a variety of political and economic differ...
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Climate change has the region both in drought and flooded

  • The opposite ends of the Arab world are experiencing two extreme weather conditions simultaneously: while the UAE and Oman in the east recover from last week’s unprecedented rain and flash floods, Morocco in the west is experiencing its sixth continuous year of drought. Flooding killed at lea...
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Gulf states balance China, US collaborations in AI space

  • Increased Gulf investment in artificial intelligence is the latest trend in the region’s ongoing economic transformation. AI is projected to contribute at least $320 billion to Middle Eastern economies and more than $15 trillion to the world economy by 2030. Regional powers such as Saudi Arabia...
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Growing Gulf-Iraq economic ties a welcome boost for region

  • The past year has witnessed an upswing in the Gulf states’ investment in Iraq. The year 2023 was a crucial one for the Iraqi economy, as the Saudi Public Investment Fund in May established the $3 billion Saudi-Iraqi Investment Company to finance multisectoral investments in Iraq. This was follo...
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Pipeline dispute exposes Iraqi-Turkish tensions

  • A year since Ankara stopped important repairs and operations on the Iraq-Turkiye oil pipeline, Iraq’s Ministry of Oil last week accused foreign oil companies with a presence in Iraqi Kurdistan of interfering in internal Iraqi affairs. Less than a month after the Association of the Petroleum Ind...
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Space is the latest pillar of the emerging Saudi knowledge economy

  • Saudi Arabia is undergoing a massive economic overhaul and the domestic space industry has emerged as a particularly promising sector for innovation and investment. Globally, the space economy is a lucrative area for investment that is forecast to grow in value to $1 trillion this year. In 20...
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