In Europe's cannabis market, Morocco faces stiff competition from Israel

Israel

What's driving Gulf interest to join BRICS?

Joining the bloc allows Gulf states to gain traction in their status and stake holding as providers of both a model of economic growth and development, and in the mechanisms to provide capital.

Karen Young

In Washington, DC, reporting on regional energy

UAE trade offensive continues, this time with New Zealand deal

The UAE is looking to secure its sixth trade agreement of the year as it increases its non-oil trade globally, with intentions to reach $1.09 billion by 2031.

United Arab Emirates

Brazil set to capitalize on Saudi-UAE competition as investments take shape

South America’s largest economy has been actively engaging with the UAE and Saudi Arabia under newly reelected President Luiz Inácio Lula da Silva.

Samuel Wendel

In Washington, DC, reporting on regional business and tech

Iran's oil production bounces back as exports to China rise despite sanctions

Iran's oil industry was hurt by the reimposition of US sanctions in 2018, but has largely recovered since then, in part due to increased exports to China.

Iran

US bans Nvidia, AMD AI chips' export to some Mideast countries, amid China fears

The technological war between the United States and China is heating up, with both countries imposing limits on their prized assets.

Legacy: Gulf

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

Iran's startups will continue to face pressure from hardline agenda

The security establishment has recently targeted entrepreneurs and entities in the country's startup ecosystem — but how far are Iran's hardliners prepared to go and what will be the reaction of constituents?

Bijan Khajehpour

In Vienna, reporting on Iranian politics

Egypt to drill 35 gas wells by 2025 as BP invests

The energy giant pledged $3.5 billion in investment into gas exploration in Egypt over the next three years.

Egypt

Saudi Arabia’s foreign reserves shrink by $16B in July amid oil cuts

The kingdom’s net foreign assets declined to 1.53 trillion riyals ($407 billion), according to the central bank’s monthly report published on Monday.

Saudi Arabia

Saudi Arabia’s ADES to launch IPO

ADES rebooted its plans for an initial public offering, having delayed it earlier in the year after the kingdom’s stock exchange experienced difficulties.

Legacy: Gulf