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
Turkish lira makes gains on renewed optimism After hitting a series of record lows, Turkey’s currency rebounded more 7% this week as investors expect sharp policy reversals by the nation’s newly appointed economy team. Turkey
International financial alliance forms to help Iraq Several countries are forming an economic alliance to help Iraq in its financial crisis. Iraq
Amid market tumult, Erdogan appoints new finance minister Investors are watching for policy shifts as Turkey’s Former Deputy Prime Minister Lutfi Elvan takes the helm of the nation’s Finance Ministry following the surprise resignation of President Recep Tayyip Erdogan’s son-in-law Berat Albayrak. Turkey
Israeli fashion industry could collapse from pandemic losses Shopkeepers warn that if the government does not take serious steps to save them from the coronavirus-induced crisis, the whole national fashion industry could go down. Israel
Shakeup of economy team stuns Turkey, cheers investors Presidential son-in-law Berat Albayrak has quit as finance minister amid economic turmoil, but most news outlets pretended it didn’t happen. Turkey
Egypt bets on oranges to boost exports to Japan Japan allowed the Egyptian government to export citrus fruits after long negotiations between the two sides, in a step officials and experts believe will contribute to increasing Egyptian exports, pumping foreign currency into the country, creating job opportunities and increasing farmers’ income. Egypt
Lebanese brace for lifting of subsidies as conditions deteriorate As Lebanon suffers from its worst economic crisis in decades, the Lebanese are growing concerned as the central bank warns that its reserves will soon be depleted, forcing it to lift subsidies off basic commodities. Lebanon
Inflation rises in Turkey as lira falls for ninth consecutive day Turkey’s lira hit new lows Tuesday, becoming the worst-performing emerging market currency of the year following a rise in inflation last month. Turkey
Egypt, Ukraine discuss cooperation in furniture industry Egypt and Ukraine step up cooperation in the furniture industry, as both countries eye new markets in Africa and Eastern Europe. Originals
Egypt-Sudan eye cross border railway network Railway discussions follow increased engagement and coordination over Egyptian dispute with Ethiopia over Grand Ethiopian Renaissance Dam. Egypt
Egypt looks to South Korea to revitalize small businesses Egypt has moved to cooperate with South Korea to develop its small and medium-sized enterprises sector, which is the main pillar of sustainable development and a key to creating jobs for the country’s youth. Originals
Al-Azhar, Egyptian observers and activists divided over boycotting French products Egypt’s Al-Azhar, along with social media activists from Egypt and the Arab world, launched harsh campaigns against the French government for supporting the cartoons that offended the Prophet Muhammad. Egypt
