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
Saudi sovereign wealth fund invests in US mixed martial arts league The new area of sports investment follows major Saudi investments in golf and soccer. Legacy: Gulf
UAE’s non-oil trade hits record $340B in first half of 2023 Trade is set to increase after the BRICS bloc of major developing economies announced last week that the United Arab Emirates was among the list of countries invited to join the group. United Arab Emirates
Will BRICS throw a lifeline to dollar-strapped Egypt? Economists believe BRICS membership will give Egypt a chance to ease pressure on the dollar, but is not a quick remedy for the country’s economic woes Egypt
Egypt, Iran, Saudi Arabia, UAE to join BRICS The Shanghai-headquartered New Development Bank, or so-called “BRICS bank”, had already admitted the UAE and Egypt as shareholders. Iran
Analysis Saudi holdings of US Treasuries hit record low, signaling push to diversify from dollar Saudi Arabia's stockpile of US Treasuries fell to $108.1 billion in June, the lowest point since December 2016. By Salim A. Essaid
Protests in southern Syria as economy worsens Syria’s economy is in tatters, and the removal of subsidies has led to relatively rare protests in government territory. Syria
Israel’s inflation drops to 3.3%, beating expectations Inflation in Israel has dropped to 3.3% from 4.2% in June, even as analysts predicted it would rise in July. Israel
Why did Turkey restrict gold imports as it rolled new economic measures? Observers believe Turkey’s new economic leadership is unlikely to take strong measures to curb inflation before Erdogan gets through local elections in March 2024. Turkey
In radical shift, Israel's El Al airline in talks to buy Airbus planes El Al is in "serious" talks with Airbus to purchase new planes but continues to negotiate with Boeing as well. Israel
Tunisia, Libya strike deal on stranded sub-Saharan African migrants Anti-migrant sentiment in Tunisia has led to a crisis on the border with Libya, adding to Tunisia’s political and economic woes. North Africa
Egypt’s headline inflation hits all-time high of 38.2% in July Surging food prices helped July’s headline inflation numbers break the record of 36.8% in June. Egypt
Egypt’s power cuts persist amid heat, declining natural gas production Egypt wants to export more natural gas, including in cooperation with neighboring Israel, but domestic production is declining amid the government’s efforts to reduce consumption. Egypt
