Analysis

Beyond migration, what does EU's $8bn package mean for Egypt?

The 27-member bloc's 7.4 billion euros in funding in the North African country will be disbursed over the next three years and cover economic and trade relations, energy and immigration.

By Jack Dutton

In Bristol, reporting on regional business, climate change, AI, tech

What’s behind Iran’s $13B investment in domestic oil industry?

Iran’s oil exports are on the rise, particularly to China, though the country faces challenges in maintaining its oil production levels.

Iran

Turkey hands Meta $148K daily fine over antitrust violation

Turkey’s competition watchdog also imposed an interim measure to suspend data-sharing between Instagram and Threads.

Turkey

Gulf players chase data center demand as AI race heats up

Samuel Wendel

In Washington, DC, reporting on regional business and tech

Delta resumes Israel flights as Ryanair, American hold off

Several international airlines have resumed flights to Tel Aviv in recent weeks, though major carriers like American Airlines and Turkish Airlines have not.

Israel

Turkey, UK to begin trade deal talks in June

The official talks, set to begin on June 10, were announced following a Thursday meeting between the countries’ trade ministers in London.

Turkey

Hungary signs $5.5B deal with UAE firm to develop Budapest neighborhood

The new project around the Rakosrendezo freight train station is expected to bring the futuristic, high-rise style of Dubai and other Emirates to the Hungarian capital.

United Arab Emirates

Israel’s NewMed Energy says UAE deal suspended amid Gaza 'uncertainty'

Israel-UAE relations have been negatively impacted by the war but still remain intact.

Legacy: Gulf

EU readies $8B aid package for Egypt to help economy, stem immigration

European Commission President Ursula von der Leyen is set to travel to Cairo Sunday with the Belgian, Italian and Greek prime ministers to complete and announce the aid agreement for Egypt.

Egypt

Turkey doubles down on coal despite European efforts to decarbonize

Turkey has been importing around three quarters of its coal from Russia as prices have fallen since the Ukraine war began in Feb. 2022.

Turkey

Saudi Aramco turns to China for future oil demand as profits fall 25%

China is the biggest customer for Saudi crude but is also crucial in Aramco’s ambitions to convert 4 million bpd of its oil production into petrochemicals by 2035.

Saudi Arabia

Will UAE's $35B investment help Egypt recover from financial crisis?

The Gulf state has stepped in with a major deal that could throw an economic lifeline to President Abdel Fattah al-Sisi's government.

Egypt