UAE’s cash request tests US ties as Iran war strains Gulf financial muscle Amid growing economic fallout from the regional war, Abu Dhabi’s bombshell request for a war-time financial lifeline from the United States is less about cash and more about clout — for now. United Arab Emirates
How are Iran-linked tankers still moving through Hormuz blockade? At least 19 Iran-linked tankers have passed through the US blockade on the strait to exit the Gulf while at least 15 have entered, according to the cargo-tracking group Vortexa. Iran
Analysis Gulf energy deals face Iran war stress test as global expansion meets oil shock ADNOC, Aramco and QatarEnergy have aggressively expanded their international portfolios in recent years, a strategy facing new constraints as the US-Israel-Iran war impacts Gulf production and exposes structural risks. By Samuel Wendel In Washington, DC, reporting on regional business and tech
Syria’s Sharaa makes fourth visit to Saudi Arabia, first since Iran war: What to know The visit comes in light of the deepening economic relations between Syria and Saudi Arabia post-Assad. Syria
Analysis Ceasefire without relief: How Iranians are grappling with post-war repression By A correspondent in Tehran In Tehran, reporting on politics
Iran war deepens Gaza crisis as prices soar, aid falters By Daoud Kuttab In Amman, reporting on Palestinian politics
Gaza’s poor, reconstruction projects victims of Russia-Ukraine war The Russia war on Ukraine took a toll on the Gaza Strip, where the vulnerable population is facing increasing hardships in securing basic necessities as a result of soaring prices, in addition to halting construction projects due to high prices of building materials. Palestine
Israeli business leaders expect surge in trade with Morocco Morocco hopes to replicate, and even exceed, Israel-UAE business ties. Israel
Oman's fiscal outlook improves as oil prices surge Efforts to put public finances on a healthy footing and tackle chronic budget deficits have started to pay off, facilitated by a sharp increase in oil prices, Oman’s main export. Legacy: Gulf
Egypt seeks to contain price hikes caused by Ukraine crisis Egypt is dealing with soaring prices of bread and food products. Egypt
Israel, UAE to cooperate on clean hydroelectricity Israeli companies are eager to cooperate with Emirati partners for the development of clean, cheap and low-energy hydrogen production. Israel
Emirati and Turkish businesspeople discuss bilateral trade, investment The meeting between the Abu Dhabi Chamber of Commerce and Turkey’s ULUSKON business federation occurred in the context of rapprochement between the United Arab Emirates and Turkey. Turkey
Lebanese turn to cryptocurrency as economy tanks Lebanon is bursting with crypto mining shops, traders and online mentors to fulfill the surging demand from people desperately looking to gain financial freedom and much-needed US dollars. Lebanon
Egypt raises interest rates for first time since 2017 Inflation and bread prices have risen significantly in Egypt recently, and Saudi Arabia and Qatar have also raised their rates. Egypt
Jihadi group raises prices in Syria’s Idlib as war rages in Ukraine While some believe the Russian war on Ukraine has upped prices in northwest Syria, others accuse Hayat Tahrir al-Sham of exploiting the crisis to make gains. Syria
Israel implements some but not all sanctions against Russian oligarchs Israel’s leadership said that the country will not enable Russian oligarchs to bypass Western sanctions, but at the same time it did not commit clearly to adopt all the sanctions. Israel
Saudi GDP grew 3.2% in 2021, highest in seven years Saudi economic progress includes growth in the non-oil sector, as foreign direct investment moves more slowly. Saudi Arabia
Israel unhappy over unregulated cryptocurrency trade Israeli authorities are demanding the international crypto stock-exchange Binance to explain unregulated digital currency trade in the country. Israel
