Jack Dutton

United Kingdom

Chief Business Correspondent at Al-Monitor

Chief Business Correspondent at @almonitor. 📩: [email protected], DM for Signal. Ex-@newsweek, @thenationalnews and @airfinancenews. RTs ≠ endorsements

Featured in: Favicon

al-monitor.com Favicon

msn.com

theguardian.com Favicon

businessinsider.com Favicon

nature.com Favicon

independent.co.uk Favicon

thesun.co.uk Favicon

yahoo.com (+5) Favicon

metro.co.uk Favicon

newsweek.com + 71 more

Articles

Al-Monitor Business and Tech: Trump tariff pain in the Mideast: Short-lived or enduring?

1 week ago | al-monitor.com | Jack Dutton

Sign up here for Al-Monitor Business & Tech, a weekly newsletter on the latest business, tech and economy trends shaping the Middle East. Welcome back to Al-Monitor Business and Tech. This week, we follow the roller-coaster ride of global stock markets in the wake of President Donald Trump’s tariffs and subsequent 90-day pause after US Treasuries took a beating. We break down what it means for Middle Eastern economies and whether the economic damage is likely to be short-lived or more enduring.
Mideast airlines cancel flights as outage closes Heathrow Airport

1 month ago | al-monitor.com | Jack Dutton

LONDON — The Middle East’s three biggest carriers — Emirates Airline, Etihad Airways and Qatar Airways — have canceled flights to and from London’s Heathrow Airport after it remained closed Friday due to a power outage caused by a fire at a nearby substation. Flights operated by EgyptAir, Gulf Air, Oman Air, Royal Air Maroc, Turkish Airlines and Saudia were also disrupted. At least 1,357 flights were scheduled from Heathrow Friday, according to aviation data platform Cirium.
UAE’s ADNOC, Austria’s OMV merge businesses to create $60B plastics firm

1 month ago | al-monitor.com | Jack Dutton

Abu Dhabi National Oil Company (ADNOC) and Austria’s OMV plan to merge their polyolefin businesses — and acquire another one — to create a $60 billion plastics firm. In a statement on Tuesday, ADNOC and OMV said they had agreed on terms to merge their Borouge and Borealis subsidiaries and acquire American polyethylene producer Nova Chemicals Corporation.
Turkish inflation dips under 40% in February to lowest in nearly 2 years

1 month ago | al-monitor.com | Jack Dutton

Turkish annual inflation dropped below 40% in February, the lowest in almost two years, ahead of an expected interest rate cut by the central bank this week. Inflation slowed to 39.1% in February compared to the same month in 2024, according to data from state statistics agency TurkStat released Monday. Estimates had ranged between 39.5% and 40.3% after January’s inflation was 42.1%. Energy costs rose by 43.92% year-on-year in February, slightly more than January’s 43.05%.
Saudi Arabia's PIF bans PwC advisory, consulting services: What to know

1 month ago | al-monitor.com | Jack Dutton

Saudi Arabia’s sovereign wealth fund has temporarily suspended the global professional services firm PricewaterhouseCoopers from advisory and consulting services contracts, according to a report published Friday, restricting its business in one of the world’s fastest growing markets.
Saudi Arabia markets Middle East's first euro green bond: What to know

1 month ago | al-monitor.com | Jack Dutton

Saudi Arabia has begun the sale of its first euro-denominated green bond, according to reports, marking a regional milestone in sustainable finance. The bond aims to support the kingdom’s Vision 2030 plan, which seeks to diversify the economy away from oil dependence by the end of the decade. Bloomberg reported Wednesday, citing a source close to the transaction, that the seven-year green debt offering is being marketed alongside a 12-year conventional bond from the kingdom.
JPMorgan to reclassify Qatar, Kuwait as developed markets: What it means

2 months ago | al-monitor.com | Jack Dutton

JPMorgan will reclassify Kuwait and Qatar as developed markets and will soon begin their phased removal from its Emerging Markets Bond Index, from which the United Arab Emirates might also be removed next year. The US-headquartered lender's EMBI tracks the performance of emerging market bonds — debt issued by countries with developing economies. These bonds typically carry higher risk but offer investors higher returns. The EMBI is closely followed by investors worldwide.
Why is Iran urging Qatar to release $6B in frozen oil payments?

2 months ago | al-monitor.com | Jack Dutton

Iranian Supreme Leader Ayatollah Ali Khamenei has asked the Qatari emir, Sheikh Tamim bin Hamad Al Thani, to release $6 billion in Iranian oil revenues held in Doha, despite US pressure not to do so. “[Qatar is] a friendly and brotherly country, although there are still ambiguous and unresolved issues,” Khamenei said on Wednesday, during a meeting with Sheikh Tamim in Tehran.
World Bank puts Gaza reconstruction cost at $52B as Arab leaders mull plan

2 months ago | al-monitor.com | Jack Dutton

Gaza’s reconstruction will cost an estimated $52 billion, according to an assessment by the World Bank, United Nations and the European Union released late Tuesday. The report comes as a fragile ceasefire between Israel and the Gaza-based Hamas militant group manages to hold and hostages and prisoners continue to be traded. On Oct. 7, 2023, after Hamas launched a surprise attack on southern Israel, killing more than 1,200 people and abducting 250 more, Israel declared war on the group.
UAE, Ukraine finalize trade deal on Zelenskyy visit to Emirates

2 months ago | al-monitor.com | Jack Dutton

The United Arab Emirates and Ukraine signed a trade deal on Monday during Ukrainian President Volodymyr Zelenskyy’s visit to the Gulf country to meet his counterpart Sheikh Mohammed bin Zayed Al Nahyan. The so-called Comprehensive Economic Partnership Agreement (CEPA) will bolster trade, investment and economic collaboration between the two countries.