Explainer Qatar blast underscores challenges in race to restart Gulf energy flows The deadly explosion marks an early test of Gulf efforts to revive oil and gas production following a historic energy supply shock caused by the US-Israel-Iran war. Qatar
Interview US-Egypt fund makes case for economic statecraft in hard power era As Washington focuses on war and deterrence, the Egyptian-American Enterprise Fund argues private-sector investment can advance US strategic interests. Cornelius Queen Senior Vice President of the Egyptian-American Enterprise Fund
Oil falls more than 3% after Iran, US signal progress in talks International benchmark Brent crude fell to $78.68 as of 7:06 a.m. EDT. Iran
Analysis US-Iran deal delivers $300 billion controversy, reconstruction questions Under the US-Iran agreement signed on June 17, Tehran stands to receive sweeping sanctions relief, renewed oil sales, access to frozen assets abroad and perhaps the most controversial incentive of all: a proposed $300 billion investment fund. By Samuel Wendel In Washington, DC, reporting on regional business and tech
Interview Franco-Gulf investment holds firm despite Iran war, French official says Axel Baroux France’s trade and investment commissioner for the UAE and Middle East
Sudan conflict poses credit risk to economies in region: Moody’s The credit agency warned that the fighting had shut down the Sudanese economy and could leave multilateral development banks exposed. The Horn of Africa
Israel to supply Azerbaijan with satellites in $120 million deal Commenting on his recent visit to Uzbekistan, Israel’s Foreign Minister Eli Cohen said Baku will purchase two satellites from the Israel Aerospace Industries. Israel
Egypt charges tourist ships in dollars as greenback crisis spirals Egypt commits tourist boats arriving in its ports to pay in US dollars amid a tough dollar shortage crisis in the populous country. Egypt
Israel's new embassy in Turkmenistan sends message to Iran After a visit to Azerbaijan, Foreign Minister Eli Cohen traveled to Turkmenistan to inaugurate Israel’s permanent embassy in Ashgabat. Israel
In UAE, Brazil’s Lula looks east for climate investments, peace brokering President Luiz Inácio Lula da Silva looks to exert Brazil's power in a geopolitical landscape that has significantly shifted since he last held office. Legacy: Gulf
US, India, UAE, Israel announce creation of I2U2 joint business coalition The new coalition will see officials and business councils from the four countries collaborate to attract private sector partners to the I2U2 initiative. Legacy: Gulf
Lebanon raises minimum wage from $27 to $92 a month Hundreds of retired soldiers protested outside government headquarters as the Cabinet discussed an increase in public sector salaries. Lebanon
Signaling Iran, Israel's FM visits Azerbaijan, will open embassy in Turkmenistan Israeli Foreign Minister Eli Cohen is holding meetings in Azerbaijan before traveling to Turkmenistan, where he will inaugurate Israel’s embassy. Israel
Brazil signs $12.65 billion in deals with UAE, China amid struggling economy Brazil signed agreements worth $2.53 billion with the UAE and $10.12 billion with China. Legacy: Gulf
Israel in budget deficit in another fallout post Moody’s downgrade The credit rating agency downgraded Israel’s credit outlook due to the judicial reform controversy in the country. Israel
Airlines suspend Sudan flights after Saudi plane hit by gunfire A number of Middle Eastern airlines have banned flights after the power struggle between the Sudanese army and a rival paramilitary group turned deadly on Saturday. Legacy: Gulf
Saudi Arabia opens four special economic zones with eye on foreign investment The special economic zones offer incentives such as competitive corporate tax rates, 100% ownership of companies and flexibility in employing foreign labor. Legacy: Gulf
