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
Turkey’s ‘wealthless’ wealth fund a tangle of problems Turkey’s sovereign wealth fund is under mounting criticism for being exempt from public auditing despite using major public assets in its transactions. Turkey
France scores big Iraqi construction project at Turkey's expense A French company has beaten out a Turkish one for the Mosul airport project; political considerations along with economic concerns seem to have factored into Baghdad's decision. Iraq
Jordan bets on GCC deal to boost economy Jordan has attempted to remain neutral in the Gulf feud that erupted in 2017 when a Saudi-led bloc of nations cut diplomatic ties with Qatar. The kingdom has welcomed the agreement recently signed to end the Gulf dispute. Jordan
PA shuts down Palestinian Airlines, shuttering hopes for airport The Palestinian Authority decides to shut down the Palestinian Airlines, which is seen as a symbol of sovereignty, citing financial burdens and maintenance costs of its only two aircrafts. Palestine
Is the worst behind in Turkey’s economic turmoil? Ankara’s policy reversal on interest rates has led to some positive developments in the economy, but many observers warn that it is still too early to rejoice. Turkey
Iraq devalues dinar to boost economy, factory production The Central Bank of Iraq cuts the value of the dinar against the dollar in the context of policies to address Iraq's economic crisis. Iraq
Saudi, Kuwaiti investments boost Cairo, Sphinx airports Egypt received offers from Saudi Arabia and Kuwait to invest in projects to expand the Cairo and Sphinx international airports, as part of efforts to boost tourism and put Egypt on the global transit map. Egypt
Gulf economies face major challenges in post-COVID 19 world Signals indicate the embargo imposed on Qatar could come to an end, but can the Gulf Cooperation Council play a coordinating role vital to diversify Gulf economies post-pandemic? Legacy: Gulf
Lebanese citizens see no relief as economic downturn worsens Amid plans to lift subsidies and private universities’ decision to raise tuition fees, the Lebanese people continue to suffer under the country’s crumbling economy with no end in sight. Lebanon
Turkish Central Bank to pursue tight monetary policy against inflation Turkey’s Central Bank Governor Naci Agbal said Wednesday he would seek to stem inflation, possibly through further rate hikes, pledging to continue tight monetary policies and stabilize the nation’s currency. Turkey
Iran’s budget banking on US lifting sanctions The projected reliance on oil revenues is wildly optimistic, likely making the budget a wish list, at best. Iran
Iraqi government considers sales tax to relieve budget crisis Iraq is mulling the possibility of imposing a sales tax amid concerns over the consequences of such a move on Iraqis already struggling in a down economy. Iraq
