Skip to content Skip to Search
Skip navigation

Elections

The Trump hotel and tower in Chicago; details of location and construction of the Dubai tower are expected to be released before the end of the years

Dar Global to build new Trump tower in Dubai

The Trump real estate brand got another boost in the Gulf on Thursday as developer Dar Global announced it would build a Trump Tower in Dubai. The London-listed overseas arm of Saudi Arabia’s largest developer Dar Al Arkan said further details about the agreement with the Trump Organization, such as the exact location and construction […]

New Iranian president Masoud Pezeshkian

Masoud Pezeshkian is elected president of Iran

Masoud Pezeshkian urged people on Saturday to stick with him on “the difficult road ahead” after beating Saeed Jalili in the run-off for Iran’s presidential election. The election was called following the death of former president Ebrahim Raisi in a helicopter crash in May. Pezeshkian, a 69-year-old cardiac surgeon, has pledged to promote a pragmatic foreign policy, ease […]

UK Business and Trade Secretary Kemi Badenoch attended the sixth round of UK-GCC trade talks in Riyadh in February

UK election adds urgency to GCC trade talks

An imminent general election in the UK and a potential change of government has accelerated pressure on negotiators to resolve talks about a GCC trade deal. Talks between the six countries of the Gulf Cooperation Council – the UAE, Saudi Arabia, Bahrain, Qatar, Oman and Kuwait – and the UK are almost two years old.  […]

Supporters of Ekrem İmamoğlu, Istanbul's CHP mayor, celebrate his re-election on March 31

Erdoğan election blow poses questions for Turkey’s economy

Turkey’s opposition has dealt the ruling bloc of President Recep Tayyip Erdoğan a resounding blow in municipal elections – a result that could have a significant impact on the country’s economy. The Republican People’s Party (CHP) won more than 38 percent of the popular vote on March 31, compared to 36 percent for Erdoğan’s Justice […]

As part of his March budget, the UK's Jeremy Hunt announced plans to abolish the country's 200-year-old non-dom tax status

UK’s non-dom shake-up to attract high earners to Gulf

There is likely to be an influx of expats and returning nationals to the Gulf as a result of the UK’s abolition of non-domicile tax status from April 2025, experts told AGBI. ‘Non-doms’ live in the UK but claim to have a permanent residence in another country, so they do not pay tax on overseas […]

Technicians working for Otokar, a maker of heavy commercial and military vehicles, on the production line at a factory in Sakarya, Turkey

Turkish manufacturers buoyed by rise in PMI

Turkish producers are cautiously optimistic after the Turkey Production Managers Index (PMI), which measures the outlook of the country’s manufacturing sector, returned to positive territory in February. According to the latest report issued by the Istanbul Chamber of Commerce and Standard and Poor’s, this is the first increase after seven straight months of contraction.  The […]

Donald Trump draws crowds on the campaign trail in Conway, South Carolina; meanwhile his brand is a bonus in the Gulf

Trump still has ‘big pull’ for $2m branded villas in Oman

Donald Trump may be facing criminal investigations in the US, but the 45th president’s brand continues to wield substantial influence in the Gulf. Last week there were more than 100 expressions of interest in a launch of 20 Trump-branded villas in Oman, within 24 hours, according to the project’s developer. “Trump as a brand still […]

Egypt economy election

Currency and inflation in focus ahead of Egypt polls

In the run-up to Egypt’s December 10-12 presidential election, financially strapped people queue at state-managed cooperatives trying to buy scarce rations of subsidised sugar. It is the latest sign of economic pressures that have risen sharply since early last year, leaving Egyptians grappling with soaring prices and an unresolved foreign currency crunch, and overshadowing pledges […]

Egypt's President Abdel Fattah Al-Sisi is thought to be delaying devaluing the pound until after the next election, which could take place this year

Egypt’s economic outlook darkens as IMF postpones review

Egypt’s efforts to revive its economy were dealt a major setback this week after the IMF postponed its eagerly awaited September review of Egypt’s $3 billion bailout programme until the first quarter of 2024.  Originally scheduled to take place in March, it would have been the IMF’s first review of the $3 billion loan it […]