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Articles by Andrew Mills
Saudi defense pact states hold talks in Iran as Yemen’s Houthis launch more attacks
Reuters — Top officials from Saudi Arabia, Turkey and Pakistan met Iranian officials in Tehran on Monday in a bid to de-escalate the Middle East conflict, as Yemen’s Iran-backed Houthis launched new attacks on Saudi Arabia and Egypt approved defense support for the Gulf kingdom.
Top officials from Saudi Arabia, Turkey and Pakistan met Iranian officials in Tehran on Monday in a bid to de-escalate the Middle East conflict, as Yemen's Houthis launched new attacks on Saudi Arabia and Egypt approved defense support for the Gulf kingdom. The talks were the first high-level contact between Iran and the three nations — which signed the Mecca mutual defense pact in August — since a war that began with US and Israeli strikes on Iran also spread to Saudi Arabia and Yemen.
Mecca Pact defence alliance opens high-level security talks with Iran in Tehran
Top officials from the newly formed Mecca Defence Alliance—comprising Saudi Arabia, Turkey, and Pakistan—are meeting Iranian leaders in Tehran to negotiate regional security architecture amid shifting global alliances. SN How Streamline reports this story Build your reading streak0/3 today·Counts at 25% No sign-in required. Choose up to two. This captures your response to the story—it is not a vote on whether the reporting is true.
Officials From Mecca Pact Countries to Meet Iranian Officials on Monday
By Andrew Mills and Ariba Shahid – Top officials from the Mecca Pact countries Saudi Arabia, Turkey and Pakistan are set to meet Iranian officials in Tehran on Monday to discuss regional coordination, two people with knowledge of the matter said. Saudi Arabia will be represented by Defence Minister Prince Khalid bin Salman, and Pakistan by army chief Field Marshal Asim Munir, the people said, speaking on the condition of anonymity.
Iran deal includes $300bln fund, more than half of which already committed, source says
A $300 billion private fund designed to trigger investment into Iran is outlined in the U.S.-Iran framework agreement and more than half that sum has already been committed, a source with direct knowledge of the deal told Reuters. The fund is designed to give both sides an economic incentive to conclude a final deal to end the war, said the source, who spoke on condition of anonymity because the plan has not yet been announced as Washington and Tehran prepare to sign on Friday.
Iran deal includes $300bln fund, more than half of which already committed, source says
DUBAI - A $300 billion private fund designed to trigger investment into Iran is outlined in the U.S.-Iran framework agreement and more than half that sum has already been committed, a source with direct knowledge of the deal told Reuters. The fund is designed to give both sides an economic incentive to conclude a final deal, said the source, who spoke on condition of anonymity because the plan has not yet been announced as Washington and Tehran prepare to sign on Friday.
Explainer-How the UAE's OPEC exit could affect its trade ties with Saudi Arabia
Containers are seen at Abu Dhabi's Khalifa Port after it was expanded in Abu Dhabi, UAE, December 11, 2019. REUTERS/Satish Kumar By Andrew Mills, Rachna Uppal and Federico Maccioni Abu Dhabi, April 29 (Reuters) - The United Arab Emirates' withdrawal from OPEC weakens the group's control over global oil markets and potentially risks widening a rift with Gulf neighbour Saudi Arabia, the de facto leader of the crude producers' organisation.
UAE says no change to investment plans as Gulf states review SWF strategies
DUBAI: Three Gulf states are reviewing how they deploy trillions of dollars invested by their sovereign wealth funds in anticipation of offsetting the losses triggered by the U.S.-Israeli war on Iran, a Gulf official told Reuters.
Qatar's QIA to expand venture capital programme by $2bln
DOHA - The Qatar Investment Authority will expand its venture capital programme by $2 billion, Qatar's Prime Minister Sheikh Mohammed bin Abdulrahman Al Thani said on Sunday. The "Fund of Funds" initiative, currently valued at $1 billion, was created to attract venture capital firms to Qatar to build a stronger environment for entrepreneurship in the country and help diversify its economy away from gas revenues.
QIA and Goldman Sachs plan to expand partnership with $25bln investment target
DOHA/DUBAI: Qatar Investment Authority and Goldman Sachs have signed a preliminary agreement to expand their strategic partnership, targeting $25 billion in investments by the Gulf wealth fund in Goldman-managed vehicles and co-investment opportunities. Under the memorandum of understanding, QIA will commit to be an anchor investor in several of the U.S. bank's flagship and innovative strategies, they said in a joint statement on Tuesday.
Reuters Gulf Currents Newsletter - Wheat Woes Hit Fertile Crescent
Deputy Bureau Chief, Gulf This week's Gulf Currents spans geopolitics, grain, and glitter. Saudi Arabia's Midad Energy is circling Lukoil's global assets, while Yemen’s fragile calm fractures under southern separatist gains. China presses the Gulf to seal a long-stalled trade pact and Qatar bets cheap power will fuel its AI leap. Plus, Riyadh's Soundstorm festival turned the desert neon and Cardi B into "Halal B".
Reuters Gulf Currents Newsletter - Gulf funds chase Hollywood spotlight
Deputy Bureau Chief, Gulf This week’s Gulf Currents: Yemen’s separatists redraw the map, Asian money floods Gulf debt markets, and Qatar dives headfirst into AI with a $20 billion mystery venture. Plus, Gulf funds muscle into Hollywood—and could Mo Salah be the next star to join Saudi’s football revolution?
Saudi Budget: Crude Still Rules
Confusion in Baghdad, a visa-free pact between Riyadh and Moscow, and Saudi Arabia’s budget blueprint that still leans on crude - this week’s Gulf Currents unpacks the region’s financial, energy and tech shifts. Plus: OPEC+’s quota rethink and Binance’s Dubai bash ReutersNEXT, our flagship live journalism summit, is still underway in New York. You can still catch a highlight from our region, Syria’s Central Bank governor speaking today at 10:40 am ET. Check it out here.
Reuters Gulf Currents Newsletter - Doha’s Big November Blitz
Deputy Bureau Chief, Gulf I’m back in Qatar this week, and as a longtime resident I’ve rarely seen so much packed into one month - film, fashion, fights, and F1 - as Doha tries to shed its “boring” label and attract tourists. Plus: Abu Dhabi’s diplomatic double play, Maersk eyes a Red Sea comeback, the UAE bets $1 billion on Yemen’s energy future and Saudi Arabia expands access to booze, quietly. Chart of the Week: [Insert line on chart]. What’s next for geopolitics, tech, and sustainability?
Reuters Gulf Currents Newsletter - MBS gets F-35s and a US shield
Deputy Bureau Chief, Gulf This week’s Gulf Currents features a special guest analysis by Samia Nakhoul, Reuters’ global foreign policy editor and former Middle East Editor. She dissects U.S. President Donald Trump’s audacious bid to put Riyadh on par with Israel.
Reuters Gulf Currents Newsletter - Qatar buys in as Egypt sells coast
Deputy Bureau Chief, Gulf The Reuters Gulf team was on the ground in Abu Dhabi for the annual ADIPEC meeting this week, where energy, AI, and geopolitics collided. Microsoft is doubling down on the UAE’s AI boom. ExxonMobil and QatarEnergy turned up the heat on Brussels, warning that proposed EU climate rules could jeopardize LNG supplies to the continent. And a $35 billion Israeli gas deal with Egypt is on ice, with politics — not pipelines — holding things up.
Qatari Diar to invest $29.7 billion in project on Egypt's Mediterranean coast
Qatari Diar to invest $29.7 billion in project on Egypt's Mediterranean coast Project part of Qatar's $7.5 billion investment pledge to Egypt Largest Qatari investment in Egypt since diplomatic ties restored Project to generate $1.8 billion annually, benefiting New Urban Communities Authority Alam Al-Roum project rivals UAE's Ras El-Hekma development Qatari Diar, the real estate arm of Doha's sovereign wealth fund, will invest $29.7 billion in a luxury development including golf courses and...
Qatari Diar to invest $29.7 billion in luxury project on Egypt's Mediterranean coast
Qatari Diar to invest $29.7 billion in luxury project on Egypt's Mediterranean coast Qatari Diar, the real estate arm of Doha's sovereign wealth fund, will enter into a partnership deal to develop a project on Egypt's Mediterranean coast with investments worth $29.7 billion, a source with direct knowledge told Reuters on Wednesday.
Reuters Gulf Currents Newsletter - Big pivot for Saudi’s wealth fund
Deputy Bureau Chief, Gulf I’m writing Gulf Currents this week from an aircraft 20,000 feet above the Saudi desert, because, like most Reuters’ Gulf correspondents in recent weeks, I too am crisscrossing the Arabian Peninsula to break news on the region’s most important stories. This week’s main offering comes from Riyadh, where Saudi Arabia has just concluded its annual flagship investment event, the Future Investment Initiative (FII) conference.
Reuters Gulf Currents Newsletter - Investment goals, energy shifts, diplomatic signals on Gaza
Deputy Bureau Chief, Gulf This week, members of Reuters’ Gulf Bureau and our colleagues from the Middle East Breaking News Hub have been in Abu Dhabi, pitching in to cover and help run the inaugural ReutersNEXT journalism summit to be held in the Gulf. This week’s edition of the newsletter focuses almost entirely on themes that emerged from the summit, which aimed to take a snapshot of the Gulf region now and to look ahead to the future.
REUTERS NEXT-Red Sea Global targets Italy in first step beyond Saudi
By Maha El Dahan and Andrew Mills Luxury resort developer Red Sea Global plans to expand beyond Saudi Arabia, its CEO John Pagano told Reuters, with a first project abroad focused on tourism and hospitality in Italy. Pagano also said on Wednesday that he will be joining the board of the kingdom's mega project NEOM.
Reuters Gulf Currents Newsletter - Qatar threatens to halt gas to Europe
Deputy Bureau Chief, Gulf The ceasefire in Gaza was still holding at the end of the week, even as Israel and Hamas traded blame over violations of the truce. Mediators, including those from Qatar, fretted about a row over the return of bodies of hostages held by Hamas in Gaza, which is just one of the potential threats to the truce.
Qatar Airways posts 28% jump in net profit to record $2.1bln
DOHA - Qatar Airways posted a 28% jump in annual net profit to a record 7.8 billion Qatari riyals ($2.1 billion), according to a preliminary statement issued by the airline on Monday. "We have also successfully implemented strategic partnerships throughout the industry, in order for the Group to remain agile in the face of ever-shifting world events, whether political, economic or environmental," CEO Badr Mohammed Al-Meer was quoted as saying in a statement from the airline.
Trump announces $200bln in deals during UAE visit, AI agreement signed
ABU DHABI: President Donald Trump on Thursday pledged to strengthen U.S. ties to the United Arab Emirates and announced deals with the Gulf state totalling over $200 billion and the two countries also agreed to deepen cooperation in artificial intelligence.
Qatar signs $200bln deal to buy jets from Boeing during Trump visit
Qatar signed a deal on Wednesday to purchase jets from U.S. manufacturer Boeing for Qatar Airways during President Donald Trump's visit to the Gulf Arab country. Trump said the deal was worth $200 billion and included 160 jets. Trump and Qatar's Emir Sheikh Tamim bin Hamad Al-Thani witnessed the signing ceremony in Doha. The deal was announced during Trump's second stop on a tour of Gulf states after he struck a string of deals with Saudi Arabia on Tuesday.
The New College Classroom, by Cathy Davidson and Christina Katopodis - Volume 47, Issue 2, June 2024
Volume 47, Issue 2, June 2024 Andrew P. Mills Pages 308-312 The New College Classroom, by Cathy Davidson and Christina Katopodis Already a subscriber or member? Open this document Not yet a subscriber or member?
Netanyahu calls Hamas ceasefire proposal 'delusional'
DOHA/TEL AVIV: Israeli Prime Minister Benjamin Netanyahu on Wednesday rejected Hamas' latest offer for a ceasefire and return of hostages held in the Gaza Strip, but U.S. Secretary of State Antony Blinken said there was still room for negotiation toward an agreement. Hamas, the Palestinian militant group that rules Gaza, proposed a ceasefire of 4-1/2 months, during which all hostages would go free, Israel would withdraw its troops from Gaza and an agreement would be reached on an end to the war.
Saudi Arabia launches $12bln three-tranche bond amid strong demand
DUBAI: Saudi Arabia launched a $12 billion, three-part bond issue on Monday, generating more than $30 billion in orders amid strong investor demand. The kingdom sold $3.25 billion, $4 billion and $4.75 billion in tenors of six, 10 and 30 years respectively, for domestic budgetary purposes, capital markets publication IFR reported.
Qatar says four-day humanitarian pause in Gaza subject to extension
DOHA: Qatari foreign ministry said on Wednesday Hamas and Israel have agreed on a humanitarian pause in Gaza hostilities for four days, subject to extension, the starting time of the which will be announced within the next 24 hours.
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