Trump’s Iran ‘economic D-Day’ threat sends oil prices above $94 In a Truth Social post, the president threatened that any country that provides a financial lifeline to Iran will face "tremendous economic consequences." Iran
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
Newsletter: Daily Briefing Iran warns Gulf states against assisting US Netanyahu yields to Trump on Gaza; Turkey slams Israel's 'untenable' claims after strikes on Syrian base; and more. By Ezgi Akin In Ankara, reporting on diplomacy, EU-Turkey ties, NATO
UAE halts all trade ties with Iran after missile attack The incident follows the UAE blaming Iran for strikes on ADNOC vessels in the Strait of Hormuz. United Arab Emirates
Newsletter: FutureVerse Coinbase joins UAE crypto rush By Samuel Wendel In Washington, DC, reporting on regional business and tech
Dubai apartment prices soar, spooking expats The cost of the average apartment in Dubai rose 20% in one year through August. United Arab Emirates
Mubadala opens office in Beijing as UAE-China ties grow The United Arab Emirates' Mubadala Investment Company began operations in the Chinese capital this week. Legacy: Gulf
UAE places technology at top of COP28 agenda in Dubai The UAE Ministry of Industry and Advanced Technology, UAE Space Agency and COP28 signed an agreement in July to coordinate on technology-focused sustainable solutions ahead of the major climate change conference in Dubai later this year. United Arab Emirates
US presses UAE over dual-use goods fueling Russia's war US officials, along with their counterparts from the European Union and United Kingdom, are visiting the UAE this week to discuss the Gulf country's financial dealings with Russia. United Arab Emirates
Spain investigates Saudi Arabia’s 9.9% acquisition of Telefonica Saudi Arabia’s STC Group announced a 9.9% purchase in the $2.1 billion telecom company, but the Spanish government must approve the plan. Saudi Arabia
Western diplomats visit UAE to discuss Russia ties, Ukraine sanctions Western officials landed in the UAE on Monday, reportedly in a bid to keep computer chips, electronic parts and dual-use products away from Russia. United Arab Emirates
UAE trade offensive continues, this time with New Zealand deal The UAE is looking to secure its sixth trade agreement of the year as it increases its non-oil trade globally, with intentions to reach $1.09 billion by 2031. United Arab Emirates
Brazil set to capitalize on Saudi-UAE competition as investments take shape South America’s largest economy has been actively engaging with the UAE and Saudi Arabia under newly reelected President Luiz Inácio Lula da Silva. Samuel Wendel In Washington, DC, reporting on regional business and tech
UAE’s non-oil trade hits record $340B in first half of 2023 Trade is set to increase after the BRICS bloc of major developing economies announced last week that the United Arab Emirates was among the list of countries invited to join the group. United Arab Emirates
Saudi Arabia's SRMG invests in music streamer Anghami, Spotify’s Middle East rival Beirut-founded Anghami is the most popular music streaming platform in the MENA region, with 120 million registered users, up from 75 million in 2021. Saudi Arabia
Hungary inks deal for Qatari gas Hungary and Qatar have signed a gas exportation deal as Europe diversifies its energy sources. Qatar
How significant is India's first ever use of rupees for UAE oil payment? Abu Dhabi National Oil Company (ADNOC) received the rupee payment of an undisclosed amount from Indian Oil Corp., according to an Indian Embassy statement acquired by Reuters. United Arab Emirates