What role is Jordan playing in Syria's reconstruction? As Syria’s southern neighbor, Jordan is already positioning itself as a logistics hub and diplomatic broker for Syria’s reconstruction. Syria
Saudi PIF eyes $27B Japan portfolio as kingdom courts Asian investment Saudi Arabia is strengthening economic ties with Asian countries as it pursues its economic transformation goals. By Jack Dutton In Bristol, reporting on regional business, climate change, AI, tech
Saudi Arabia opens Nomu Parallel Market to new investors: What to know Easing investing rules and deepening capital markets to diversify the Saudi economy are key to fulfilling Vision 2030. Saudi Arabia
UAE showcases global AI ambitions with $1B Africa pledge at G20 The Gulf country is the world's top investor in Africa, with Emirati companies committing $100 billion to projects on the continent between 2019 and 2023, according to data from the Financial Times. United Arab Emirates
Pakistan thanks 'brotherly' Saudis for $2 billion ahead of IMF bailout decision Pakistan received Saudi Arabia's $2 billion deposit a day before the International Monetary Fund is expected to approve a $3 billion bailout on Wednesday that the country desperately needs. Saudi Arabia
Turkey's finance, banking chiefs to visit Saudi Arabia in search of foreign funds The Saudi visit of Finance Minister Mehmet Simsek and Central Bank Governor Gaye Erkan is expected to be followed by the Turkish President's Gulf tour. Turkey
Dubai crypto authority suspends BitOasis The cryptocurrency platform BitOasis' license was suspended by Dubai's VARA due to noncompliance of licensing requirements. United Arab Emirates
Israel pauses interest rate hikes, first time in a year The Bank of Israel signaled it could raise rates in the future, as inflation remains above the target range. Israel
UAE breaks foreign direct investment record as Saudi Arabia sees 59% dip Israel and the United Arab Emirates led the Middle East and North Africa for the highest FDI inflow — the purchasing of assets in another country — and globally placed 15th and 16th, respectively, according to a UNCTAD report released Wednesday. United Arab Emirates
Analysis Israeli government postpones interest rates bill for checking accounts The postponement of the bill was decided after an unusually harsh letter by Bank of Israel Gov. Amir Yaron, warning such a move would harm the bank's independence. By Rina Bassist In Paris, reporting on Israeli politics and European affairs
Israel: seizure of millions of dollars in crypto linked to Iran IRGC, Hezbollah The news follows Hamas announcing it will not use Bitcoin anymore and more government scrutiny of cryptocurrency transactions, including by the United States. Israel
Libyan police detain 50 Chinese nationals in crypto farm bust Media from the Tripoli Attorney General Office’s Facebook page show a dingy-looking, windowless room full of hardware, wires and servers being raided by authorities. Libya
Dubai leaps to world’s 7th most expensive city for luxury living, overtaking Paris, Zurich The UAE finance hub made the top 10 list for the first time in Julius Baer’s global wealth index published Tuesday. United Arab Emirates
Putin, MBZ meet in St. Petersburg, vow to boost Russia-UAE ties UAE President Sheikh Mohammed bin Zayed Al Nahyan called for de-escalation of the Russia-Ukraine war and a political resolution. United Arab Emirates
Dubai free zone reports 24% increase in Chinese companies The Dubai Multi Commodities Center has more than 770 Chinese companies in its free trade zone. United Arab Emirates
UAE ranked first globally in attracting new millionaires in 2022 The UAE had the highest net inflow of millionaires in the world in 2022, while China had the highest net outflow, followed by India and the United Kingdom. United Arab Emirates
