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Flying car takes to the skies – and that’s just day one of Gitex

A flying car made its first public test flight in Dubai Marina on Monday evening.  The two-seater VTOL (vertical take-off and landing) electric vehicle was built by Chinese manufacturer Xpeng and was one of the star attractions on day one of Gitex Global, the annual technology exhibition that runs until Friday in Dubai.  The X2 […]

Liz Truss and Kwasi Kwarteng

UK tipped to see record levels of Middle East capital in 2022

Outbound investment from the Middle East to the UK is forecast to rise sharply this year, particularly for deals up to $250 million. Corporate finance specialist Lumina Capital Advisers said the strong dollar, weak sterling and the UK’s uncertain economic outlook made it a “highly attractive destination” for Middle East capital.  Sterling tumbled to a […]

New foreign secretary James Cleverly was previously in charge of Middle East and North Africa at the UK Foreign, Commonwealth & Development Office
  • Analysis

New UK foreign secretary Cleverly to bolster Gulf ties

New UK foreign secretary James Cleverly’s experience and knowledge of the Gulf region should help pave the way for a stronger start to relations between economies, according to industry professionals. Cleverly was given his new role by Britain’s new prime minister Liz Truss, who appointed many of her closest allies to key roles in her […]

Talks under way to forge UK-GCC trade deal

Discussions to broker a trade agreement between the UK and GCC have begun, with the trade commissioner for the Middle East, Simon Penney, describing the Gulf as an “important region” for the UK.   “Today marks the launch of the first round of negotiations towards a UK GCC Free Trade Agreement,” Penney said.  “The GCC is […]

The road from Jeddah: US and Saudi set out their 19 priorities

Clean energy, investment deals and space exploration are at the heart of the Jeddah communiqué – the partnership agreement issued by the US and Saudi governments after President Joe Biden’s meeting with King Salman and Crown Prince Mohammed bin Salman. Among the agreements reached during the president’s visit on July 15 and 16 was a […]