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
Explainer Iraq seeks special Hormuz access from Iran in scramble to keep oil flowing As Iran's parliament speaker holds talks in Baghdad, Iraq has asked Tehran for special consideration for its oil exports. Iraq
Turkey looks to expand Syria energy footprint into oil, gas Turkish Energy Minister Alparslan Bayraktar said state oil giant TPAO and private companies are ready to explore for oil and gas onshore and offshore in Syria. Turkey
Oil nears $92 on UAE missile alert as Trump claims Iran talks stuck Brent crude climbed near $92 a barrel on Tuesday, reaching its highest level this month amid new escalatory developments. United Arab Emirates
Analysis Beyond bases: Russia’s foothold in Syria shrinks even as ties endure By Samuel Wendel In Washington, DC, reporting on regional business and tech
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
Analysis US sanctions relief key to Syria’s recovery but hinges on global coordination The levies include secondary sanctions targeting individuals or companies who engage with Damascus, so private sector companies will only move after a US green light. By Jack Dutton In Bristol, reporting on regional business, climate change, AI, tech
China expands foothold in Egypt’s Suez with $17M garment deals China has signed more than a billion dollars' worth of deals in the Suez Canal Economic Zone this year as the waterway reels from the Red Sea crisis. Egypt
EU greenlights lifting of all economic sanctions on Syria The European Union and the United Kingdom had already lifted some sanctions on Syria in certain sectors including aviation, energy and media. Syria