Israel pauses interest rate hikes, first time in a year

The Bank of Israel signaled it could raise rates in the future, as inflation remains above the target range.

Israel

In Iraq and Algeria, TotalEnergies signs major deals

The deal between Iraq and TotalEnergies has been delayed for years and aims to help Iraq fix its longstanding power issues.

Iraq

UAE sees higher Chinese car sales as China faces decline at home

China relied on overseas markets to maintain 56% of its vehicle sales in June, and the Middle East is a hot spot.

United Arab Emirates

Analysis

Morocco's agricultural independence to get boost from green ammonia plant

The project by the state-owned company in Tarfaya will help the North African country meet the domestic demand for the compound, which is a crucial ingredient in nitrate fertilizers.

By Jack Dutton

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

Analysis

Saudi Arabia, Kuwait's gas dispute with Iran tests recent detente

Kuwait and Saudi Arabia consider the Durra gas field to be theirs, but Iran claims a part of it. The issue shows disagreements remain between Riyadh and Tehran following the resumption of diplomatic relations.

By Adam Lucente

In New York City, reporting on regional news, militancy, climate change

Qatar joins Gulf IPO spree as post-World Cup economic plans advance

Samuel Wendel

In Washington, DC, reporting on regional business and tech

Analysts skeptical new Iran-US arrangement would significantly impact oil market

Tehran has been increasing its output over the last year despite the sanctions on its oil industry.

Iran

Turkey raises taxes up to 20% on basic goods as deficit, inflation linger

The move follows changes to Turkey’s monetary policy and a new cabinet following President Recep Tayyip Erdogan’s reelection.

Turkey

UAE breaks foreign direct investment record as Saudi Arabia sees 59% dip

Israel and the United Arab Emirates led the Middle East and North Africa for the highest FDI inflow — the purchasing of assets in another country — and globally placed 15th and 16th, respectively, according to a UNCTAD report released Wednesday.

United Arab Emirates

UAE COP28 president calls on oil firms to 'deliver climate action'

Sultan Ahmed Al Jaber gave a televised address to delegates at the OPEC International Seminar in Vienna, a meeting of oil executives and OPEC ministers.

United Arab Emirates

OPEC on hunt for new members, secretary-general says

The oil cartel currently has 13 members, and 10 more countries form the OPEC+ group.

Legacy: Gulf

Saudi Arabia to launch new sports investment group: report

The Financial Times report follows the merger between the Saudi-funded LIV Golf and the PGA Tour, but challenges remain as the kingdom eyes investment in golf, tennis and possibly American football.

Legacy: Gulf