China slams Trump over economic war on Iran: What to know China’s once significant oil imports from Iran have been impacted by the war in the region and increasing US sanctions. Iran
Explainer King Abdullah visits China as region hedges against US unpredictability With no end in sight to the war in Iran and an unchecked Israeli policy across the region, the kingdom is hedging against future uncertainty and a less predictable US policy. China
Trump’s Iran ‘economic D-Day’ threat sends oil prices above $94 In a Truth Social post, the president threatened that any country that provides a financial lifeline to Iran will face "tremendous economic consequences." Iran
Jordan's King Abdullah heads to China in first visit since 2015: What to know Ahead of the visit, King Abdullah said that Jordan hopes to expand cooperation with China in green energy, tourism and aviation. Jordan
Analysis Jordan shores up US lifelines as Iran targets Amman’s reliance on Washington By Samuel Wendel In Washington, DC, reporting on regional business and tech
UK, Turkish trade ministers meet in Turkey, announce joint railway deal The two countries have an existing trade deal that covers goods but not services, digital trade or data. Turkey
Saudi PIF invested $31.6B in 2023, record in global sovereign wealth funds The PIF is estimated to have nearly $800 billion in assets and wants to become the world’s largest sovereign wealth fund by 2030. Saudi Arabia
Turkey’s exports to Saudi Arabia, UAE and Russia shoot up in 2023: Erdogan The Turkish president also said the country’s total export revenues reached an all-time high. Turkey
2023 in review: Iran sees opportunity in Gaza war, steps up crackdown at home Iran's theocratic establishment engaged in a flurry of foreign diplomacy to try to ease the international isolation it is facing, while at home it intensified its crackdown on dissent. Iran
What is behind Iran-Russia de-dollarization deal as sanctions bite? The long-awaited agreement was one among several solutions the two countries have sought to salvage their battered economies, which remain cut off from key international banking systems. Iran
Saudi mining firm Ma’aden announces gold discovery Saudi Arabia seeks to boost its mining sector, including via investment at home and abroad. Legacy: Gulf
Explainer: Major shipping giants resume Red Sea routes amid Houthi attacks The Iran-backed Houthi rebels in Yemen have fired on international ships and Israel’s port in the Red Sea since the Gaza war began, wreaking havoc on the global shipping industry. Legacy: Gulf
How Starbucks fell from favor with pro-Israel and pro-Palestinian activists The coffee giant is no stranger to frothy accusations of being pro-Israel, and now a pro-Palestinian post on one of its union's social media accounts has sparked a boycott. Israel
Houthi missile hits Norwegian-flagged tanker in latest Red Sea attack Iran-backed rebels hit a Norwegian-owned chemical tanker with a cruise missile, but the ship had no clear connection to Israel, signaling the Houthis may be widening the aperture of their attacks. Legacy: Gulf
With 32% trade boost, Turkey eyes Saudi investments amid domestic downturn Trade between the two countries reached $5.86 billion in 2022, a 32.6% increase over the previous year. Turkey
Kuwait, Qatar, UAE telecoms merge assets into $2.2B tower company Three Gulf companies will create a new entity, which has not yet been publicly named, combining around 30,000 tower assets in Algeria, Iraq, Jordan, Kuwait, Qatar and Tunisia. Legacy: Gulf
What is behind Turkey’s inflation spike to 61.9% in November? November's consumer prices also rose by 3.28%, data released by the Turkish Statistical Institute showed on Monday. Turkey
