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
Egypt’s non-oil exports up 20% at start of 2022 Egypt’s main exports are related to oil and the non-oil sector has been hurt by the war in Ukraine. Egypt
Israel reopens crossing to Gaza workers After Gaza took huge financial and economic losses in just three days of closure, Israel has reopened the border to a small number of workers. Palestine
UAE announces date for auction of dirham bonds The Emirati government began selling bonds for the first time last year in a bid to diversify financially. This is the first time bonds will be sold in the local currency, as opposed to the US dollar. United Arab Emirates
Abu Dhabi removes COVID-19-related capacity restrictions, masks remain The United Arab Emirates’ largest city also recently mandated the resumption of in-person classes for students, and is heading toward a return to the pre-coronavirus normal. United Arab Emirates
Israeli shekel at one-year low against dollar There have been significant changes to Israeli monetary policy recently, including the addition of the Chinese yuan to the country’s reserves. Israel
Turkish Central Bank revises inflation outlook The bank significantly raised its inflation projections, citing the effects of the war in Ukraine, but inflation was high before the war. Turkey
IMF: Oil producers better prepared for Ukraine-related economic downturn The International Monetary Fund’s report also highlighted currency depreciation in Egypt, economic effects of the war in Yemen and Jordan’s fledgling tourism sector. By Adam Lucente In New York City, reporting on regional news, militancy, climate change
Iraq grapples with rising food costs as a result of Ukraine war Ripple effects from the Russian invasion of Ukraine are driving the Iraqi government to allot additional funds to ensure the food supply is stable. Iraq
Italy's ENI to tap North African gas for Europe Europe’s race to reduce its energy dependence on Russia has put the spotlight on Algeria, Egypt and Libya, but their capacity to boost exports in the short term is limited and any significant increase would require large investments and stability. North Africa
Saudi Arabia, France pledge aid to Lebanon for food, health sectors Some countries have been reluctant to provide aid to crisis-stricken Lebanon without the government's implementation of economic reforms. Lebanon
Egypt wants shipping agencies to deal in pounds amid dollar flight After Egypt’s currency devaluation in March, the Egyptian government hopes to ease the strain on its banking system by mandating that international shipping agencies accept Egyptian pounds instead of US dollars as payment. Egypt
Explainer: UAE business delegation visits Kashmir, meets Indian PM The UAE and India have a strong economic relationship. The Kashmir visit could affect UAE-Pakistan ties. United Arab Emirates