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Jack Dutton

Jack Dutton

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Despite war, Israeli startups raise over $12B in 2024

Despite war, Israeli startups raise over $12B in 2024

Despite Israel’s economic stagnation last year, a new report found that high-tech — which accounts for 16% of all Israeli jobs — saw its gross...

14.01.2025 3

Al Monitor

Jack Dutton

Venture capital funding in Middle East falls by 29% in 2024

Venture capital funding in Middle East falls by 29% in 2024

Saudi Arabia, which saw $750 million in venture capital funding last year, saw a 44% drop in funding volume in 2024 compared to 2023.

08.01.2025 20

Al Monitor

Jack Dutton

UAE's Dar Global to enter US property market after partnering with Trump Organization

UAE's Dar Global to enter US property market after partnering with Trump Organization

Dar Global has agreed to a string of real estate deals with the Trump Organization, the company founded and owned by US President-elect Donald Trump.

07.01.2025 2

Al Monitor

Jack Dutton

Israel sells $582M air defense system to Slovakia: What to know

The air defense system, developed by Aviv Israel Aerospace Industries, is designed to counter various aerial threats such as ballistic missiles and...

23.12.2024 4

Al Monitor

Jack Dutton

Turkey, Hungary receive US sanctions waiver to pay Russia's Gazprombank

Turkey and Hungary said Friday that they had received waivers on gas payments to Russia after the United States imposed sanctions on Gazprombank...

20.12.2024 4

Al Monitor

Jack Dutton

UAE energy giant gets green light for $16B takeover of German firm Covestro

ADNOC agreed in October to buy Covestro for 14.7 billion euros (then around $16.3 billion), including its debt, in its biggest-ever takeover.

19.12.2024 6

Al Monitor

Jack Dutton

Mideast merger and acquisition activity hits $36B in 2024 led by UAE, Saudi Arabia

For the first 10 months of the year, merger and acquisition deals in the region reached $36 billion, up by 88% from a year earlier, a Bain &...

18.12.2024 7

Al Monitor

Jack Dutton

UAE Middle East's most economically competitive country in 2024: IMD

A 2024 survey of 67 countries has ranked the United Arab Emirates first globally in 223 competitiveness indicators as the Gulf nation continues to...

17.12.2024 4

Al Monitor

Jack Dutton

Saudi Public Investment Fund takes 15% stake in London's Heathrow Airport

Saudi Arabia’s Public Investment Fund said late Thursday it had taken a 15% stake in FGP Topco Ltd, the company that owns London’s Heathrow...

13.12.2024 3

Al Monitor

Jack Dutton

Trump Organization, Dar Global to build luxury housing in Riyadh

The Trump Organization and London-listed Dar Global will launch two new projects in the Saudi capital of Riyadh, as the incoming US president’s...

09.12.2024 5

Al Monitor

Jack Dutton

Israel denies striking north Gaza hospital

Israel on Friday denied claims it had struck or entered a flashpoint hospital in northern Gaza, saying it was operating nearby, after the clinic's...

06.12.2024 4

Al Monitor

Jack Dutton

Bpifrance, Saudi PIF sign $10B financing agreement

The five-year agreement will increase collaboration between PIF and Bpifrance Assurance Export, focusing on projects to support Vision 2030, Saudi...

06.12.2024 5

Al Monitor

Jack Dutton

Airbus becomes latest multinational to open regional HQ in Saudi Arabia

The European plane maker aims to develop local talent and technological expertise in the fast-growing Gulf market.

05.12.2024 4

Al Monitor

Jack Dutton

Norway's sovereign fund divests from Israel's Bezeq over West Bank links

Norway’s sovereign wealth fund said it has sold all of its shares in Israel’s largest telcoms firm Bezeq, as it provides services to the...

04.12.2024 3

Al Monitor

Jack Dutton

Dubai property market prices to rise further next year, Knight Frank says

Dubai’s real estate market, which has been booming for the last five years, is predicted to soar even higher.

03.12.2024 4

Al Monitor

Jack Dutton

France's Macron eyes defense deals, Lebanon support on Saudi state visit

French President Emmanuel Macron will meet Saudi Crown Prince Mohammed bin Salman for a one-on-one dinner on Tuesday.

02.12.2024 3

Al Monitor

Jack Dutton

Heineken to draft in Gulf’s first large-scale brewery in Dubai

The Dubai-based brewery will begin construction in late 2025 and has secured all necessary permits, Heineken said in a statement.

28.11.2024 3

Al Monitor

Jack Dutton

ADNOC launches $80B low carbon energy company XRG: What we know

XRG, which will operate separately to ADNOC, is expected to double its asset value over the next decade.

28.11.2024 3

Al Monitor

Jack Dutton

Emirates airline 'frustrated' at aircraft shortage due to manufacturer delays

Executives at the Middle East’s largest airline have frequently expressed their dismay over delays and uncertainty around the delivery of the...

27.11.2024 3

Al Monitor

Jack Dutton

Turkey in talks for US sanctions waiver to pay for Russian gas

The United States introduced Ukraine war-related sanctions last week against 118 individuals and entities tied to Russia’s financial sector,...

26.11.2024 6

Al Monitor

Jack Dutton

Three Uzbeks held in UAE over Israeli rabbi's murder

Emirati authorities said Monday three suspects from Uzbekistan were in custody over the murder of a rabbi, a rare violent incident involving an...

25.11.2024 2

Al Monitor

Jack Dutton

Barclays fined $50M for failing to disclose 2008 Qatari funding

The UK-headquartered bank will pay a fine of 40 million pounds to British regulators for failing to disclose information of its rescue by Qatar...

25.11.2024 2

Al Monitor

Jack Dutton

Turkey’s big plan to launch IPOs for state energy companies: What we know

Turkey's financial recovery travails are likely to be the key reason for the change in energy policy.

19.11.2024 1

Al Monitor

Jack Dutton

BlackRock gets nod to establish Abu Dhabi office after Saudi HQ plans set

BlackRock, which manages around $11.5 trillion in assets, announced last month that it had obtained a license from the Saudi authorities to open a...

18.11.2024 7

Al Monitor

Jack Dutton

Ben & Jerry's sues Unilever, accuses parent of muzzling views on Gaza war

It is not the first time tensions have been frosty between Ben & Jerry's and its parent company over the Israeli-Palestinian conflict.

14.11.2024 2

Al Monitor

Jack Dutton

From golf to the Gulf: Who is Trump’s new Middle East envoy, Steve Witkoff?

Trump's long-time friend will face a tough job in trying to quell a regional war that has been raging since Oct. 7, 2023, between Israel, Lebanon...

13.11.2024 2

Al Monitor

Jack Dutton

UAE's ADNOC doubles down on gas, allocating $15B over next 5 years

In a Monday statement ADNOC Gas said it had raised its capital expenditure plan to around $15 billion for the next five years, from about $13 billion.

11.11.2024 3

Al Monitor

Jack Dutton

Middle East businesses lack clear climate guidelines, WEF report warns

Middle Eastern and North African companies face increasing pressure from investors, regulators and global markets to strengthen transparency and...

07.11.2024 3

Al Monitor

Jack Dutton

Middle East markets rally after Donald Trump's election victory

Saudi Arabia’s benchmark index, the TASI, gained 0.9%, while Dubai's main share index gained 0.5%. The Abu Dhabi Securities Exchange, a key player...

06.11.2024 4

Al Monitor

Jack Dutton

China to issue up to $2B in bonds in Saudi Arabia as business ties deepen

The two countries have been deepening economic and trade ties to help each other meet strategic initiatives such as China’s Belt and Road...

05.11.2024 2

Al Monitor

Jack Dutton

Saudi Arabia's PIF signs $51B in MoUs with Japanese banks amid Asia push

The signings come amid the Future Investment Initiative this week in Riyadh, which attracted hundreds of international companies and investors to...

31.10.2024 2

Al Monitor

Jack Dutton

France, Morocco ink over $10B in deals during Macron visit

King Mohammed VI welcomed Macron to Morocco as part of a three-day visit by the French president in which around 20 deals were agreed upon.

30.10.2024 2

Al Monitor

Jack Dutton

In first, Saudi Arabia to begin trading China-focused ETF: What we know

The ETF, which will begin trading on the Saudi Stock Exchange, has raised more than $1.2 billion.

29.10.2024 2

Al Monitor

Jack Dutton

Israel clinches $500M deal with Elbit Systems, Rafael for Iron Beam defense system

Expected to be operational within a year, the 100-kilowatt class, high-energy Iron Beam system is designed to complement Israel's existing Iron...

28.10.2024 2

Al Monitor

Jack Dutton

After decade halt, Eni, BP resume hydrocarbon exploration in Libya

Onshore drilling had been suspended for a decade, since the beginning of the Libyan civil war between rival factions in the country’s east and west.

28.10.2024 3

Al Monitor

Jack Dutton

India revokes UAE operator's authorization to handle cross-border transactions

India's central bank announced the decision in a statement noting that the UAE's exchange body showed “non-compliance with regulatory...

25.10.2024 2

Al Monitor

Jack Dutton

Starbucks sales see 7% drop, largest since pandemic, amid Gaza boycotts

The company has been grappling with protests and boycott campaigns on social media due to the Israel-Gaza war and the union fight in the United...

23.10.2024 2

Al Monitor

Jack Dutton

Qatari emir in Germany to boost economic ties

According to the German chancellery, Scholz will host the emir at Meseberg Castle, with the meeting focusing on deepening energy, trade and...

22.10.2024 2

Al Monitor

Jack Dutton

Oman state energy firm raises $2B from IPO, sultanate's largest ever

OQ raised the funds for its exploration and production business on the local stock exchange.

17.10.2024 1

Al Monitor

Jack Dutton

Maersk, Hapag-Lloyd to partner on Africa route avoiding Red Sea

Gemini Cooperation will use the Cape of Good Hope network, which has been the alternative transit route for hundreds of vessels since the Houthis...

09.10.2024 2

Al Monitor

Jack Dutton

Middle East startups see 34% uptick in global investors

Data firm MAGNiTT reported Tuesday that the Middle East far outperformed other markets and regions, including Africa and Southeast Asia, which saw...

08.10.2024 2

Al Monitor

Jack Dutton

A year after Oct. 7, Israel’s economy battered by endless multifront wars

A year after the deadly attack on southern Israel by the Hamas militant group and the ensuing war in Gaza, the direct cost to the Israeli economy...

07.10.2024 2

Al Monitor

Jack Dutton

Iran says its allies 'will not back down' in war with Israel

Iran's supreme leader vowed in a rare address on Friday that his allies around the region would keep fighting Israel, as he defended his country's...

04.10.2024 3

Al Monitor

Jack Dutton

Iranian oil tankers flee crude loading site amid fears of Israeli attack

US President Joe Biden was asked Thursday whether he would support Israel attacking Iranian oil infrastructure, and in off-the-cuff remarks, he...

04.10.2024 20

Al Monitor

Jack Dutton

Middle East airlines alter, axe flights following Iran missile attack on Israel

Late on Tuesday, Iran launched more than 180 ballistic missiles at Israel in what it said was in retaliation for last Friday’s assassination of...

02.10.2024 1

Al Monitor

Jack Dutton

UAE's ADNOC seals $16B deal to buy German chemical firm Covestro

The deal is set to be the largest takeover ever by a Middle Eastern company of a European firm.

01.10.2024 1

Al Monitor

Jack Dutton

UAE’s Sheikh Tahnoon discusses AI, tech with Jeff Bezos, Elon Musk in US

His meetings came after UAE President Sheikh Mohammed bin Zayed met earlier this week with President Joe Biden and Vice President Kamala Harris.

27.09.2024 2

Al Monitor

Jack Dutton

Uber, China's WeRide to launch self-driving robotaxis in UAE

WeRide already operates the largest robotaxi fleet in the UAE, where residents can access its robotaxi services through the TXAI app.

25.09.2024 3

Al Monitor

Jack Dutton

Biden pleads for democracy in final UN address

Joe Biden gave a somber farewell address to the United Nations on Tuesday, using his own decision to drop out of the US presidential election to...

24.09.2024 2

Al Monitor

Jack Dutton

Turkey’s Erdogan calls for end to US defense sanctions amid reports of S-400 deal

Relations between the two NATO allies have worsened in recent years over political rifts regarding the Eastern Mediterranean, Gaza and Syria, as...

24.09.2024 3

Al Monitor

Jack Dutton