Western Union shuts services in Sudan's Khartoum 'until further notice'

The international money transfer service said its agents were unable to operate safely and securely in the restive country.

The Horn of Africa

Sudan conflict poses credit risk to economies in region: Moody’s

The credit agency warned that the fighting had shut down the Sudanese economy and could leave multilateral development banks exposed.

The Horn of Africa

Iran and GCC verge upon new era of oil ties

Bijan Khajehpour

In Vienna, reporting on Iranian politics

What's at stake for China in Sudan as fighting drags on?

China’s economic interests, deep-rooted diplomatic relations with Khartoum, leaves Beijing worried about instability in Sudan and the Horn of Africa.

Sudan

Egypt charges tourist ships in dollars as greenback crisis spirals

Egypt commits tourist boats arriving in its ports to pay in US dollars amid a tough dollar shortage crisis in the populous country.

Egypt

Analysis

What role will Middle East play in Ukraine's post-war reconstruction?

Since Russia invaded Ukraine in February 2022, there has been a raft of commitments from Western allies to help rebuild the war-torn state, but few from the Middle East.

By Jack Dutton

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

Saudi Arabia poised to become the Gulf’s most competitive e-commerce market

The UAE has long been the Gulf’s most dynamic e-commerce market, a hub for industry players from Amazon to Uber. But Saudi Arabia’s digital economy is developing rapidly and could soon overshadow its smaller neighbor.

Samuel Wendel

In Washington, DC, reporting on regional business and tech

Israel gears up to begin natural gas exports to Europe

David Rosenberg

In Tel Aviv, reporting on business and tech

Egypt’s debt crisis impacts other African credits, Goldman Sachs warns

As bond yields rise in Egypt, so have yields for sovereign bonds for Angola, Kenya, Nigeria and Senegal.

Egypt

US, India, UAE, Israel announce creation of I2U2 joint business coalition

The new coalition will see officials and business councils from the four countries collaborate to attract private sector partners to the I2U2 initiative.

Legacy: Gulf

Qatar's Sheikh Jassim still confident in Manchester United takeover bid

The son of a former Qatari emir is reportedly still assured that his debt-free bid to take over the soccer club will succeed, despite an ESPN report suggesting that the current owners, the Glazer brothers, will now stay put.

Legacy: Gulf

Tunisia faces water cuts amid severe drought, public frustration

The drought-hit North African country is imposing water rationing at night for the first time in its fourth dry year, which may increase social tension as Tunisians struggle with high inflation and a weak economy.

Tunisia