Turkey's electricity use reaches all-time high in hottest July on record

A report found that Turkish electricity needs are skyrocketing as the climate warms.

Turkey

Saudi Arabia licenses charter operator VistaJet as first foreign airline for domestic flights

The Dubai-based private airline group looks to capitalize on the kingdom's growing super-rich luxury travel market.

Saudi Arabia

12 international, local firms bid to operate Iraq's Mosul airport destroyed by ISIS

Iraq seeks to develop its air sector now that security conditions have improved in the country, hoping to play a bigger role in regional transit corridors.

Iraq

UAE breaks ground on 50 MW solar plant in CAR, expanding Africa footprint

Abu Dhabi’s financial footprint has expanded across Africa, making the UAE the continent’s fourth-largest source of foreign capital.

United Arab Emirates

Egypt, Japan sign 12 investment deals as Cairo floats industrial zone plan

Egypt has been wooing foreign investment as it recovers from its worst financial downturn in over six decades.

Egypt

Serbia, Slovenia still buying Israeli arms despite embargo: What to know

The Elbit Systems deal with Serbia is one of the largest in the company’s history, second only to a $1.7 billion agreement to modernize the Hellenic Air Force’s training program in Greece.

Israel

Egypt to open four new free trade zones by end 2026: What to know

The zones will be in 10th of Ramadan City, New October City, New Borg El Arab City, and New El Alamein City.

Egypt

Syria, Saudi Arabia sign mutual investments deal: What to know

The deal came during a Saudi-Syrian meeting in Riyadh that was held in continuation of the Syrian-Saudi Investment Forum held in Damascus last month that saw the signing of 47 deals worth $6.4 billion.

Syria

Analysis

Egypt’s stocks boom 20% as global investors bet on economic turnaround

Powered by banking, tobacco and building companies, the North African country's EGX30 index has soared to new records in August.

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

Diverging Gulf bets: PIF exits US tech stocks as Mubadala reshuffles portfolio

During a quarter in which US stocks began surging toward record highs, two of the Gulf's most influential investors took different approaches to the market.

United Arab Emirates

China expands auto investment in Egypt with $1B Suez tire plant

Egyptian Prime Minister Mostafa Madbouly said the project aligned with his country’s strategy to localize the automotive industry and manufacturing supply chains.

Egypt

Saudi Ferrari among $9.4M in cars seized during London 'supercar season'

Dozens of supercars were seized by London police last week during a popular time for the world's wealthy vehicle owners to tour the city.

Saudi Arabia