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Canada must do more to capitalise on billion dollar Saudi projects

Canada and Saudi Arabia have made progress towards ending a five-year diplomatic spat and mending trade and economic relations. However experts say that more could be done to deepen exchanges and investment ties – especially as US President Donald Trump kicks off a tariff war that may encourage Ottawa to widen its circle of trading […]

Governments from 89 countries gathered at the Future Minerals Forum in Riyadh in January. Global demand for minerals and rare earth metals is expected to double by 2040

Saudi Arabia turns to recycling to enhance mineral recovery

As part of its push to make mineral mining a pillar of its otherwise hydrocarbon-dominated economy, Saudi Arabia is investigating how to increase extraction by recycling mining waste. This is providing a valuable opportunity for local startups and US technology companies. Since the start of the year, several startups in the critical minerals and rare […]

The US is likely to pump more oil under Donald Trump's presidency

Investors may shun Gulf as oil prices fall, BoA says

President Donald Trump’s “drill, baby, drill” push to increase US oil production and potentially drive lower prices could dampen investor appetite for Gulf Arab markets, according to the Bank of America. Saudi Arabia, the world’s second-largest oil producer, has been on a marketing blitz in the US this past week, hosting an investor conference in […]

Donald Trump spoke at the FII summit on Wednesday

InvestSaudi to open second US office in Miami

Saudi Arabia’s investment promotion authority, InvestSaudi, will establish its second office in the United States in Miami to target flows to and from North and South America. Khalid A. Al-Falih, the Saudi investment minister, made the announcement on Thursday at the Future Investment Initiative summit in the South Florida city. “By selecting Miami as our […]

An oil production facility in the Texas Permian Basin. US oil is set to take a greater market share from Opec+ members

Opec+ market share to fall as US ramps up oil output

Opec+ members’ market share is likely to shrink this year and in 2026 as non-Opec supply led by the US accelerates, according to energy experts. The Opec+ group’s market share was 53 percent when it was set up in 2016. That figure is likely to drop to 46 percent in 2025 and 2026, even as […]

Money, Adult, Male

Iraq bans five local banks from US dollar deals  

Iraq’s central bank will ban five more local banks from engaging in US dollar transactions following meetings with US treasury officials. The move is in line with efforts to combat money laundering, dollar smuggling and other violations, two sources with direct knowledge of the matter told Reuters on Sunday. Meetings were held in Dubai last […]

Gulf Trump tariffs, US GCC trade, US GCC tariffs, US Gulf trade, US Gulf tariffs

Gulf likely to escape Trump tariffs, analysts say

Saudi Arabia, the UAE and the other Gulf Arab states are likely to escape US President Donald Trump’s tariff ire, analysts say. This is because the world’s largest economy by and large runs a trade surplus with them, their value added tax (VAT) is relatively low and they peg their currencies to the US dollar. […]

Saudi Arabia mining Jabal Sayid mine

Canada’s Barrick seeks to tap $2trn of Saudi minerals

100 mining-related startups last year $20bn investment for sector Developing downstream industries A year ago Saudi Arabia almost doubled the estimated value of its mineral resources, from $1.3 trillion to $2.5 trillion, primarily on hi... Register now: It’s easy and free This content is available for registered members only. Register for your free account today […]

Men look at jewellery in the gold souk, Dubai. An unprecedented amount of gold has been sent from Dubai and other markets to New York in recent days in response to tariffs

Trump’s tariffs inject volatility into metal markets

President Donald Trump’s on-again, off-again tariffs have increased uncertainty for global metals and minerals markets.  Demand for gold – a traditional safe haven – soared on Tuesday, with the price of international spot gold rising to $2,819.46 an ounce. The precious metal was trading still higher on Wednesday morning at $2,851.21 an ounce. This is despite […]

US President Donald Trump with China's President Xi Jinping at a G20 conference: both countries are vying for Gulf trade

A 10% tariff on China – and a tricky calculation for the Gulf

At one minute past midnight in Washington, the United States’ 10 percent tariff on Chinese imports came into effect. Beijing retaliated moments later, announcing even heavier levies on US goods from next week. Canada and Mexico were granted a temporary reprieve after talks on Monday, but there was no last-minute deal for President Donald Trump […]

Water, Waterfront, Port

Oil up 2% after US tariff may kick off trade war  

Oil prices jumped on Monday after US president Donald Trump imposed tariffs on Canada, Mexico and China, raising fears of crude supply disruption from two of the biggest suppliers to the US, but the prospect of lower fuel demand capped gains. US West Texas Intermediate crude futures were at $73.97 a barrel, up $1.44, or […]

QIA is open to investing in joint ventures similar to the one announced this week between SoftBank, OpenAI, and Oracle

QIA alert to Trump’s tech push

The Qatar Investment Authority (QIA) is open to exploring further technology investment opportunities, as it expects a sharp increase in US tech deals under the Trump administration. The presence of Elon Musk, Mark Zuckerberg and Jeff Bezos at President Donald Trump’s inauguration suggests his government will be supportive of the tech industry, Mohammed Al Hardan, the head of technology, media […]

Donald Trump, flanked by the first lady Melania Trump, Vice President JD Vance and US House speaker Mike Johnson, addressed energy and trade at his inauguration

Trump doubles down on energy and trade on first day in job

US President Donald Trump pushed forward with multiple, controversial campaign pledges on the first day of his second term in the White House, including on issues such as energy and trade that are bound to affect Gulf economies. Ascribing stubbornly high inflation to “massive” government overspending and “escalating” energy prices, Trump declared after his inauguration […]