Analysis UAE-Iran trade relationship becomes key test of Trump’s wartime strategy The Gulf state suspended trade with Iran after new attacks in August. Experts point to risks for both sides as the Trump administration seeks to squeeze Tehran economically. By Samuel Wendel In Washington, DC, reporting on regional business and tech
China slams Trump over economic war on Iran: What to know China’s once significant oil imports from Iran have been impacted by the war in the region and increasing US sanctions. Iran
Trump’s Iran ‘economic D-Day’ threat sends oil prices above $94 In a Truth Social post, the president threatened that any country that provides a financial lifeline to Iran will face "tremendous economic consequences." Iran
Newsletter: Business & Tech UAE-Iran trade freeze raises economic stakes The UAE is a critical trade partner for Iran and has been its largest source of imports for five consecutive years. By Jack Dutton In Bristol, reporting on regional business, climate change, AI, tech
Erdogan’s home loan incentives threaten to fan inflation A further increase in already skyrocketing home prices appears inevitable in Turkey following Erdogan’s announcement of loan incentives, a move that many pundits see as pouring fuel on the inflation fire. Turkey
What do rising wheat prices, India’s export ban mean for Egypt? Egypt is seeking to import wheat from India due to the Russian war on Ukraine. Egypt
Global energy crisis opens possibilities for Israeli natural gas Experts say that the global energy crisis is exactly the moment when Israel must expand its natural gas export quotas. Israel
Ukraine war drives more traffic to Egypt's Suez Canal, increasing revenues Although Egypt is being adversely affected by the war in Ukraine, the Suez Canal is benefiting greatly from Western countries sailing into the Gulf in search of oil. Egypt
Dubai airport’s passenger traffic reaches pre-pandemic levels Air travel in the UAE has returned to normal after the industry suffered major losses due to virus-related travel restrictions. United Arab Emirates
Egypt considers issuing bonds in China’s yuan Saudi Arabia may also price oil sales in the Chinese currency. Egypt
UAE meets $400 million target in first bond auction The Emirati government decided to sell bonds in dirhams to boost the local banking sector and diversify financially. United Arab Emirates
Russian ambassador to Iraq: ‘No objections’ to Kurdistan Region exporting gas to Europe Elbrus Kutrashev spoke to the Kurdish news outlet Rudaw about plans to export natural gas from the autonomous part of northern Iraq to Europe in response to the war in Ukraine. Iraq
Passenger traffic at Abu Dhabi airports triples, aided by travel from India The quarterly results from airports in Abu Dhabi indicate that the air travel industry in the United Arab Emirates has recovered from the COVID-19 pandemic. United Arab Emirates
World Bank praises Palestinian easing of COVID rules, criticizes Israeli control The international financial body recommended several governance reforms for the Palestinian Authority to increase economic growth. Palestine
UAE, Greece sign $4.2 billion agreement The UAE and Greece have become close allies in recent years. United Arab Emirates
Egypt, EU sign development grants worth 138 million euros The European Union has provided Egypt with numerous grants in recent years, while also criticizing the country on some human rights issues. Egypt