UAE establishes investment ministry, forms EV and green policies

Sheikh Mohammed bin Rashid Al Maktoum, the UAE Prime Minister and Ruler of Dubai, chaired a high-level cabinet meeting in Abu Dhabi on Monday and formed the country's Ministry of Investment.

United Arab Emirates

Analysis

After Saudi golf merger, will Qatar’s entry into NBA change US sports?

The Qatari Investment Authority’s bid to purchase stakes in Washington’s professional basketball and hockey teams could boost Qatar’s image and influence in the United States and coincides with similar moves by Saudi Arabia.

By Adam Lucente

In New York City, reporting on regional news, militancy, climate change

Turkish lira outlook: Policy shift indicates progress, but bolder rate hikes needed for investor confidence

The recent rise in interest rates in Turkey could potentially signal a turning point for the Turkish lira.

Piero Cingari

Kuwait rejects Iran's drilling plans in disputed gas field in Gulf

Kuwait and Saudi Arabia have a longstanding dispute with Iran over the Durra gas field. The recent disagreement follows improvement in Iran's relations with both countries.

Legacy: Gulf

Saudi Arabia, UAE invest $6 billion in Iraq operations

The United Arab Emirates and Saudi Arabia will join together to boost trade and commerce in Iraq.

Iraq

Saudi Arabia extends oil production cut in attempt to increase prices

Russia also moved to tighten supply, announcing it would reduce oil exports to 500,000 bpd in August.

Saudi Arabia

Analysis

US sanctions on UAE Wagner Group affiliate could impact Libya operation

A brief mutiny in Russia last weekend by the Wagner Group has shifted the spotlight back on the mercenary organization.

By Jack Dutton

In Bristol, reporting on regional business, climate change, AI, tech

Analysis

How Israel’s government can ensure tech sector recovery

Data shows that fundraising for Israeli technology firms fell more than 65% in the second quarter from over $5 billion in the same period in 2022.

By Jack Dutton

In Bristol, reporting on regional business, climate change, AI, tech

Oil prices reach fourth quarterly decline on fears of economic slowdown

Benchmark Brent crude futures for September were up 82 cents, or 1.1%, at $75.33 a barrel on Friday.

Legacy: Gulf

Iran to become full member of Shanghai alliance: Russian FM

Gulf states are also seeking to join China and Russia in the Shanghai Cooperation Organization.

Iran

Qatari royal could be overpaying by $3.16B for Manchester United

The sale has reportedly been delayed because of disagreements between the six siblings of the Glazer family, the current owners of the British soccer club.

Qatar

IMF warns Lebanon crisis will intensify as corruption, paralysis continue

Lebanon's economic and political crisis is worsening, as currency depreciation, political instability, lack of reform, corruption and anti-refugee sentiment continue to plague the country.

Lebanon