What to know about Iran's 'Persian Gulf Strait Authority' to control Hormuz traffic The establishment of an entity seeking to control maritime transportation in the Strait of Hormuz is the latest sign that Iran wants to formalize authority in the strategic waterway. Iran
Egypt ramps up energy investments amid war-driven price pressures Prime Minister Mostafa Madbouly said Wednesday that Egypt has secured commitments exceeding $19 billion from international oil companies over the next three years. Egypt
Newsletter: Business & Tech Brent dips on Hormuz, Iran deal optimism Energy markets swing on Iran deal hopes as Hormuz disruption drives global costs higher. By Jack Dutton In Bristol, reporting on regional business, climate change, AI, tech
Few ships pass Hormuz despite US efforts to break Iran's hold Only four commercial vessels had transited the strait in the 24 hours before Tuesday morning, according to ship-tracking data. Iran
Analysis MENA wheat importers face food security risks as Hormuz crisis festers By Samuel Wendel In Washington, DC, reporting on regional business and tech
Analysis Israel posts record $14.7B in defense deals as European demand soars: What to know European customers are largely behind the jump in Israeli weapons sales, and one expert said concerns over Israel’s conduct in the war in Gaza appears to have had only a limited effect on Europe’s demand for Israeli weapons. By Adam Lucente In New York City, reporting on regional news, militancy, climate change
Analysis North Africa’s rail race spurred by World Cup, trade and bullet trains Algeria, Egypt, Morocco and Tunisia are betting on high-speed rail, long-distance routes and expanded networks to improve their economic outlook and project power. By Samuel Wendel In Washington, DC, reporting on regional business and tech
Morocco’s agricultural, fishing sectors plunge in 2024 amid drought, climate strain Agriculture is a pillar of the Moroccan economy, and in 2023, it amounted to more than 11% of the country’s gross domestic product. Morocco
Egypt launches 5G network as North Africa's digital push accelerates North African states are moving to introduce high-speed internet and data-intensive applications to business and government sectors in the face of increasing demand. Egypt
Iran oil exports to China fall sharply amid US sanctions, weakened demand China is by far Iran’s largest customer for oil, snapping up around 90% of the Islamic Republic’s shipments. Iran
UAE's Alterra targets Italian solar as part of $250B green finance drive The Emirati private investment fund aims to mobilize $250 billion through partnerships in global climate finance annually. United Arab Emirates
Mideast airlines to deliver industry’s highest profit margins in 2025 The region's airlines are forecast to hit a profit margin of 8.7% in 2025, slightly lower than last year's figure of 8.9% but the highest in the industry. Saudi Arabia
Japan unfreezes assets of 4 Syrian banks while most sanctions remain Tokyo has been moving more cautiously than its Western allies in liftin sanctions on Syria and still has many in place. Syria
Qatari-led consortium signs $7B deal with Syria for 5,000 MW of electricity Syria’s electricity grid needs extensive expansion after 14 years of civil war. Syria
China expands visa-free policy to Saudi Arabia, Oman, Bahrain, Kuwait During a landmark summit in Malaysia, China announced an exemption for nationals from Saudi Arabia, Oman, Bahrain and Kuwait from the need for entry visas. China
Saudi Arabia's flyadeal joins growing list of airlines flying to Syria Several regional airlines have resumed or plan to resume flights to Syria. Saudi Arabia
Gulf states court China, ASEAN at landmark Malaysia summit: What to know The Gulf Cooperation Council’s summit with the Southeast Asia bloc was expanded to include China, bringing the emir of Qatar and Saudi Arabia’s top diplomat to Malaysia. Qatar