What to know about Iran's 'Persian Gulf Strait Authority' to control Hormuz traffic The establishment of an entity seeking to control maritime transportation in the Strait of Hormuz is the latest sign that Iran wants to formalize authority in the strategic waterway. Iran
Egypt ramps up energy investments amid war-driven price pressures Prime Minister Mostafa Madbouly said Wednesday that Egypt has secured commitments exceeding $19 billion from international oil companies over the next three years. Egypt
Newsletter: Business & Tech Brent dips on Hormuz, Iran deal optimism Energy markets swing on Iran deal hopes as Hormuz disruption drives global costs higher. By Jack Dutton In Bristol, reporting on regional business, climate change, AI, tech
Few ships pass Hormuz despite US efforts to break Iran's hold Only four commercial vessels had transited the strait in the 24 hours before Tuesday morning, according to ship-tracking data. Iran
Analysis MENA wheat importers face food security risks as Hormuz crisis festers By Samuel Wendel In Washington, DC, reporting on regional business and tech
Australian LNG deal marks latest step in Turkey's energy diversification push Although Turkey does not have abundant oil and gas resources, Ankara wants to position itself as a regional gas hub linking Europe and Asia. Turkey
Feature Cheap oil, tighter finances, wars constrained Mid East economies in 2025 Low oil prices, tighter financial conditions and elevated geopolitical risk hampered growth across much of the Middle East and North Africa this year. By Jack Dutton In Bristol, reporting on regional business, climate change, AI, tech
Analysis Egypt’s $35B Israel gas deal buys time, tests fragile energy partnership The agreement is a critical stopgap as Cairo grapples with domestic power demands, but the last two years have tested Egypt-Israel energy cooperation in unprecedented ways. By Samuel Wendel In Washington, DC, reporting on regional business and tech
Newsletter: Business & Tech A year of rapid growth reshapes Gulf finance Maersk’s limited return to the Red Sea, rising competition between Gulf financial hubs and new solar and tech deals across the region dominated this week’s business and technology news. By Jack Dutton In Bristol, reporting on regional business, climate change, AI, tech
Turkey hits renewable milestone as solar surpasses gas in power capacity Energy and Natural Resources Minister Alparslan Bayraktar said in a statement that wind and solar capacity combined had risen to 39,215 megawatts by the end of November. Turkey
Analysis Gulf finance hubs race to expand as hedge funds flock to Dubai, Abu Dhabi The Gulf’s top financial hubs have posted another strong year in 2025, with the UAE spearheading a regional push to attract hedge funds, asset managers, crypto and fintech firms as regional neighbors target growth of their own. By Samuel Wendel In Washington, DC, reporting on regional business and tech
Maersk resumes Red Sea passage after two-year halt amid easing Houthi threat A ceasefire reached between Israel and Hamas in October has prompted some shipping companies to consider resuming services, but security concerns persist. Yemen
Egypt lands $572M UAE-backed solar deal, expanding Gulf's clean-energy footprint Gulf companies have been increasing their investments in North African renewable energy. Egypt
Newsletter: Business & Tech World Cup spending boosts Morocco stocks This week, Morocco’s stock market surged on 2030 World Cup hype, Egypt secured its first Qatari industrial investment in sustainable aviation fuel, Yemen’s oil-rich south saw renewed conflict, and AI-driven robots are helping the UAE meet construction demands. By Jack Dutton In Bristol, reporting on regional business, climate change, AI, tech
Morocco’s markets rise as World Cup spending fuels largest IPO in decades Shares in SGTM jumped by 10% on Dec. 16 after the construction firm raised roughly $550 million from its IPO, underscoring demand in a market that has featured few new listings in recent years. Morocco
India’s Modi eyes closer ties with Jordan, Oman during visits Modi’s two-day visit to Jordan made investments and economic cooperation a central piece of the talks with Amman. Jordan
Egypt secures Qatari investment boost, launches first SCZONE industrial deal Bilateral trade between the two countries rose to $143 million during the first 10 months of 2025. Egypt