Credit Suisse calamity could see Gulf investors shift priorities, avoid banking deals

Credit Suisse’s March meltdown continues to reverberate across the Gulf. Here's how it could impact regional investments going forward.

Samuel Wendel

In Washington, DC, reporting on regional business and tech

Saudi firms face 6.7% higher Twitter verification fees than US

Syria, Sudan, Iran, the West Bank and Gaza Strip are not on the price list and appear to be unable to purchase this subscription.

Legacy: Gulf

Bank of Israel raises interest rate again, warns about judicial fallout

The OECD is predicting GDP growth rate to slow in Israel this year, while the Bank of Israel has worked out different scenarios based on fallout from the judicial reform controversy.

Israel

Oil prices rise by 5% after OPEC's surprise output cut decision  

Brent Crude had its sharpest price increase in almost a year on Monday after reports that major oil producers will slash their output.

Legacy: Gulf

OPEC+ likely to maintain output in light of Kurdish oil dispute

Analysts say the OPEC+ alliance is unlikely to cut production and there could be be a oil glut in the second half of 2023.

Legacy: Gulf

Saudi's Aramco could list in Hong Kong as China relations warm

Aramco's latest deals in the Chinese market are fueling speculation that the Saudi giant could be set to list one of its subsidiary companies on the Hong Kong Stock Exchange (HKSE).

Legacy: Gulf

Report: Israel tech sector still among world’s strongest

Judicial fallout and layoffs have not hurt the industry's world standing, according to a report from Dealroom.co and Tel Aviv Tech.

Israel

Grueling Ramadan for Lebanon's Muslims as prices, dollarization bite

As all goods are priced in dollars this year, food prices have skyrocketed, making the holy month more burdensome for the Lebanese whose wages are limited while the value of the local currency continues to deteriorate.

Lebanon

Egypt’s new grain security strategy put to test as Ukraine war enters second year

Egypt's new strategy to cope with major grain supply disruptions from the Ukraine war has worked well in its first year. But there are still challenges ahead.

Marc Español

Lebanon on cusp of network blackout as dispute grows with telecom workers

The Lebanese government has threatened to take over the country’s state-run telecom company with the help of the army as workers continue to strike for a salary increase.

Lebanon

UAE Central Bank revokes license of Russia's MTS Bank as sanctions tighten

The Central Bank of the UAE plans to close the Russian bank’s operations within six months from the date of the decision. 

Legacy: Gulf

UAE, Qatar lead Middle East in 2023 global foreign investment ranking  

The United Arab Emirates sat in the top position among MENA markets and ranked 4th globally.

Legacy: Gulf