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
Iran president Raisi invites UAE's MBZ to visit Tehran The invite was extended on the same day that Iran conducted a naval drill on Abu Musa Island, which is disputed with the UAE. United Arab Emirates
Saudi Arabia, UAE lead Forbes’ 2023 Arab family business ranking Although Saudi Arabia and the UAE dominated the list, with 33 and 29 of the top 100 spots respectively, Egypt’s Mansour Group sat in first place, with the UAE’s Al-Futtaim Group in second and Saudi Arabia’s only female-led company, Olayan Financing Company, at third. Saudi Arabia
Gulf investment in UK property expected to reach $3.2 B in 2024 Middle Eastern investors are capitalising on lower property valuations and those investors are likely to refinance when interest rates start falling, the Islamic bank said. Legacy: Gulf
Japan’s Nomura subsidiary receives crypto license in UAE The crypto sector is booming in the United Arab Emirates thanks to clear regulations on virtual assets. Legacy: Gulf
Analysis UAE rice ban after major exporter India spikes global supply fears The UAE was the world's 16th-largest importer of rice in 2021 and the majority of it came from India. By Salim A. Essaid
China, UAE overtake US companies at Turkey’s IDEF 23 weapons fair During the 15th edition of the IDEF in 2021, the global fair saw more than a thousand companies from 53 countries attend and had more than 94 signing ceremonies take place. Turkey
Bahraini cryptocurrency firm Rain to operate in UAE Cryptocurrency is growing in both the UAE and Bahrain amid regulatory challenges and market downturn. Legacy: Gulf
Who is Sultan Al Mansouri, Qatar’s first UAE ambassador in 6 years? A career diplomat who previously served as Qatar’s ambassador to Austria in 2019 and as the ambassador to China in 2014, Mansouri brings a negotiating and economic skillset to the position. Qatar
EU commission sees Tunisia's migration deal as 'blueprint' for region On July 16, the bloc agreed to spend 100 million euros on Tunisia to combat human trafficking and illegal crossings of the Mediterranean Sea. Tunisia
Popular Mexican food chain Chipotle coming to UAE, Kuwait The fast-food giant that specializes in Mexican food is one of the biggest in the United States. Legacy: Gulf
UAE passport ranks among world's 'most powerful,' Iraq, Syria at bottom of list The 2023 Henley Passport Index features the world’s most powerful passports based on the number of destinations passport holders can access visa-free. United Arab Emirates
Turkey, UAE ink $50 billion in trade deals during Erdogan visit The $50 billion worth trade deals come as the Turkish government is struggling to draw foreign funds to ease its currency crisis. United Arab Emirates