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
Will sanctioned Russian oligarchs find haven in Egypt? Its current economic hardships may prompt Cairo to double down on investments with Russia. Egypt
US becomes Turkey's second biggest gas supplier, but for how long? Turkey's second biggest gas supplier over the past winter was the United States, but Ankara may have to turn back to its neighbors to ensure it has sufficient supplies. Turkey
Ankara’s interest liabilities balloon to dizzying heights The ratio of the Turkish government’s interest liabilities to its principal domestic debt has hit a staggering 117%, up from 60% last year. Turkey
Brent crude falls nearly 10%, OPEC basket drops slightly Saudi Arabia has acted to keep prices high recently against the wishes of the US. Saudi Arabia
War in Ukraine tests Algeria’s wheat reserves amid inflation, drought Wheat supplies should be sufficient for the rest of 2022. But the country will eventually be compelled to secure additional quantities at higher prices Algeria
Fundraising by Israeli startups expected to decline during 2022 A survey of Israeli startup companies shows a significant drop in fundraising. Israel
UAE investments boost Egyptian economy The United Arab Emirates is seeking profits by investing $2 billion in Egyptian state-held stakes in some companies. Egypt
Abu Dhabi, South Korea pledge to boost economic relations South Korean entities have signed major deals with Egypt and Saudi Arabia recently. United Arab Emirates
Fitch gives Egypt ‘stable’ debt rating, citing reforms Egypt is pursuing deregulation and tax reforms to some success, but the war in Ukraine has severely hurt the country’s economy. Egypt
Russian invasion of Ukraine slams Turkey’s transportation industry Traffic at the Turkish border crossings have come to a grinding halt after trucks en route to Russia, Belarus and Central Asia diverted routes to Turkey and Georgia following Russia’s invasion of Ukraine. Turkey
Oman on cusp of introducing personal income tax Income tax is now in the pipeline in Oman, and other nations in the Gulf, one of the world’s largest bastions of tax-free wages, are watching with interest. Legacy: Gulf