Macron secures Gulf diesel supplies as France grapples with fuel costs, unrest France now has commitments for 295,000 metric tons of diesel per month from the Gulf, accounting for just over 10% of the European country’s consumption. Bahrain
Saudi Arabia postpones 'Davos in the Desert' until 2027 amid Houthi attacks The Future Investment Initiative, which typically attracts the CEOs of some of the biggest companies in business, finance, and technology to Riyadh, will now be held next year. Saudi Arabia
Analysis How Hormuz crisis is reshaping economic ties between Iraq and Syria Iraq and Syria are expanding trade and energy cooperation, but security risks, economic challenges and longstanding mistrust raise questions about whether their growing partnership can endure. By Shelly Kittleson In Baghdad, reporting on Iraqi politics
Syria to rejoin Arab group at IMF, leaving Russian-led constituency Syria will rejoin the Arab constituency at the International Monetary Fund beginning Nov. 1 and has applied for membership in the EBRD. Syria
Qatar to pump nearly $11B into French start-ups, funds until 2030 The new investments will target key areas, including the aerospace, energy, semiconductor, artificial intelligence, digital, health, hospitality and cultural sectors. Qatar
Oman jumps 39 places on 2024 Economic Freedom Index, UAE ranks 22 Oman's economic reforms are paying dividends, according to the latest Heritage Foundation index on economic freedom. Legacy: Gulf
Qatari emir in France to discuss Gaza war, economic deals — and talk Mbappe Qatari Emir Sheikh Tamim bin Hamad Al Thani has a wide-ranging agenda on his first state visit to Paris. Qatar
Qatar’s first VC fund of $1B expected to 'fuel startup ecosystem in region' The program has two objectives: to generate market-level commercial returns for Qataris and to develop a “vibrant VC and startup ecosystem” in line with the country's national development strategy. Qatar
Israel’s military exports to India booming, 'unaffected' by war in Gaza Israel has been one of the top military exporters to India over the past decade. Israel
Egypt, UAE sign $35 billion development deal amid foreign currency crunch The deal could help Egypt’s struggling economy and builds on previous Emirati investment in the North African country. Egypt
Turkey’s Fidan set to visit Venezuela and meet Maduro The Turkish foreign minister is set to make his inaugural visits to Venezuela and Mexico in his capacity as his country’s top diplomat. Turkey
UAE dropped from global watchdog’s illicit finance list in quick turnaround The Gulf country was added to the Financial Action Task Force's grey list in March 2022. United Arab Emirates
UAE, Kenya conclude trade deal talks as Abu Dhabi expands influence in Africa The United Arab Emirates has established economic partnership agreements with 10 countries as it seeks to diversify its oil-based economy. Legacy: Gulf
Morocco-Spain thaw continues with investment pledge, aerospace deal Spain and Morocco have historically been at odds over Western Sahara, migration and territorial disputes. Morocco
Analysis How Red Sea crisis is battering Egypt's manufacturing, textile industries The Suez Canal is a cornerstone of the Egytian economy, providing a vital source of foreign currency for the cash-strapped country. By Jack Dutton In Bristol, reporting on regional business, climate change, AI, tech
Saudi tech giant expands investments into China, AI as part of $100B plans Alat plans to invest $100 billion by 2030 to coincide with Crown Prince Mohammed bin Salman’s Vision 2030 plan to wean the kingdom’s economy off of its reliance on oil. Saudi Arabia
