Gulf investment to turn inward to rebuild postwar infrastructure: QNB Charles-Emmanuel de Beauregard, Qatar National Bank’s head of corporate and institutional banking, said that the Gulf countries will need to rebuild their logistics capabilities after the closure of the Strait of Hormuz. Qatar
Saudi Aramco's VC arm sees boom in emerging technologies, retail Anas Alqahtani, CEO of Wa'ed Ventures, expects strong growth in Saudi Arabia’s emerging technology and retail sectors over the coming years. Saudi Arabia
Analysis As Trump admin drops Halkbank case, S-400 last big hurdle in US-Turkey ties The move eases a key source of friction with Turkey ahead of a NATO summit in Ankara. By Amberin Zaman Reporting on geopolitics, minorities, human rights, culture
Bessent says Iran's frozen assets will pay for Gulf damage, Hormuz tolls US Treasury Secretary Scott Bessent said that any damage Iran inflicts on Gulf allies will be paid for with funds extracted from Iranian accounts. Iran
Who is Bill Pulte, Trump loyalist tapped as intelligence director? By Jared Szuba In Washington, DC, reporting on defense, national security, military
Analysis Ports and infrastructure: UAE embraces new economic order in Syria By Samuel Wendel In Washington, DC, reporting on regional business and tech
Israeli autonomous driving firm goes public Mobileye’s stock rose on its first day trading on Nasdaq. Israel
Dubai-based crypto firm to offer payment card The partnership between BitOasis and Mastercard could make cryptocurrencies more usable for daily purchases. Legacy: Gulf
Egyptian Central Bank plans to establish new index of gold, foreign currencies The Egyptian pound is performing poorly against the US dollar but faring better compared to other currencies. Egypt
Saudi Arabia opens up to new fintech players While Saudi Arabia’s fintech sector presents opportunities for entrepreneurs, VC investors and consumers, there are specific, long-standing challenges hindering the market’s full potential. Legacy: Gulf
Is Saudi Arabia changing approach to cryptocurrencies? Although Saudi Arabia seems to be warming to cryptocurrencies, it is unlikely to displace the UAE as the region’s crypto hub anytime soon. Legacy: Gulf
Egyptian households turn to credit as inflation bites In the past, locals used to buy only durables in installments. Today, breadwinners buy clothes, schoolbooks, stationery and groceries on credit. Egypt
Egyptian pound continues to lose value Economists expect Egypt's central bank to loosen its grip on the exchange rate of the Egyptian pound in its meeting later this month, but the possible move is fraught with fears from a sharp rise in commodity prices. Egypt
Egypt to adopt Russian Mir payment system to encourage tourism, trade exchange Russian tourists and companies will be allowed to pay through the Russian Mir system in Egypt ahead of the winter season, which Cairo is hoping will boost its tourism sector. Egypt
Egypt to issue bonds in China’s currency yuan The US dollar may be losing its dominance in the Middle East to the yuan. Egypt
Egypt's Central Bank governor resigns amid economic crisis The resignation of Egypt's central bank governor has put the country's economy under pressure. Egypt
Money inflows of unknown origin headed for record in Turkey As Turkey’s current account deficit continues to widen in the coming months, foreign currency inflows of unknown origin might end up covering more than 70% of the gap. Turkey
Family of man who held up Beirut bank stages protest Bassam al-Sheikh Hussein took hostages at gunpoint to get his own money out of the bank. Many Lebanese, who are unable to access their savings amid the economic crisis, called him a hero. Lebanon
