Mohammed Sergie

1 week ago | semafor.com | Mohammed Sergie

The International Court of Justice (ICJ) dismissed and terminated Sudan’s case alleging that the UAE backed the Rapid Support Forces, a militant group accused of committing genocide during the African country’s civil war. The UAE — a signatory to the Genocide Convention — opted out in 2005 of an article granting the ICJ jurisdiction to decide on disputes between states. The court said it therefore lacks jurisdiction to hear Sudan’s case.

1 week ago | semafor.com | Mohammed Sergie

The hottest ticket in Riyadh next week — aside from the royal gala feting US President Donald Trump and Gulf leaders — is the Saudi-US Investment Forum. The invitation-only gathering on May 13 will bring together senior officials and executives to discuss the details behind deals valued in the trillions. Saudi Arabia has already pledged to invest $600 billion in the US over the next four years, while the UAE said it will pump in $1.4 trillion over the next decade.

1 week ago | semafor.com | Mohammed Sergie

Global economic growth is slowing, but Gulf countries won’t be the drag. The International Monetary Fund slashed its forecast for growth in the Middle East and North Africa this year , down from 4% in October, citing weaker global demand, lower oil prices, and continued production cuts by OPEC+ (which are being phased out).

1 week ago | finance.yahoo.com | Mohammed Sergie

Unlock stock picks and a broker-level newsfeed that powers Wall Street. Mohammed Sergie Mon, May 5, 2025, 5:15 AM 1 min read Global economic growth is slowing, but Gulf countries won’t be the drag. The International Monetary Fund slashed its forecast for growth in the Middle East and North Africa this year , down from 4% in October, citing weaker global demand, lower oil prices, and continued production cuts by OPEC+ (which are being phased out).

2 weeks ago | semafor.com | Mohammed Sergie

Khalaf Al-Habtoor is done with Lebanon — and he’s taking his five-star hotel with him. The outspoken Dubai-based real estate and hospitality billionaire has invested around $1 billion in Lebanon, sticking with the country through years of security and economic turmoil. But a dispute over the withdrawal of his funds from Lebanese banks last year — and a threat that he would be “slaughtered and killed” — drove him to withdraw from the country, literally.