Could UAE tap US currency swap line as Iran war strains Gulf economies? The Gulf country apparently wanted reassurances from Washington in case its economy is severely damaged by the Iran war. United Arab Emirates
Why are Wall Street banks posting record profits amid Iran war? The US-Israel-Iran war has roiled the global economy since Feb. 28, but the resulting market volatility has boosted trading profits for some. Iran
Analysis Ceasefire without relief: How Iranians are grappling with post-war repression Despite the ceasefire, pressure is mounting inside Iran: arrests are rising, the internet remains largely shut down, and millions face deep economic uncertainty. By A correspondent in Tehran In Tehran, reporting on politics
Iran names US tech, finance firms in new Middle East threat list Firms listed as potential targets included Oracle, Microsoft, Apple, Google, Meta, IBM, Palantir and Nvidia, while banking giant JPMorgan and UAE-based AI firm G42 were also listed. Iran
Analysis Iran war tests Gulf dealmaking as foreign investors assess risks By Samuel Wendel In Washington, DC, reporting on regional business and tech
Analysis How long can markets hold their bet on Gulf resilience as war drags on? By Jack Dutton In Bristol, reporting on regional business, climate change, AI, tech
Group of 32 states to release 400M barrels of oil reserves: What to know By Jack Dutton In Bristol, reporting on regional business, climate change, AI, tech
Qatar forum warns of economic downturn, shift in cryptocurrency One Qatar Economic Forum participant says it will take at least a generation to reach a point where the world can depend on clean power. Qatar
Qatar rolls out $275M market program in latest foreign investment push The Qatar Investment Authority is setting up a market-making initiative to draw in more foreign investor interest and build up its capital markets. Qatar
Double trouble: Lebanon’s Salameh gets second arrest warrant from Germany Riad Salameh is under increased scrutiny in Europe on suspicions of money laundering at a time Lebanon is grappling with a deteriorating financial and economic crisis. Lebanon
Turkey Elections: Currency fears grow ahead of presidential runoff Turkey’s foreign exchange crunch has become so grave that the authorities would even go for limiting cash withdrawals from credit cards to keep the Turkish lira from plunging. Turkey
Israel raises interest rates to highest level since 2006 The Israeli economy was also affected by the government’s controversial judicial reform plans earlier in the year, though the situation may normalize following the reform’s pause. Israel
Germany, Italy hold talks with Saudi Arabia, Qatar to strengthen energy ties Italy is looking for capital from Saudi Arabia's Public Investment Fund for a new fund Rome is setting up to help domestic companies in strategically important sectors. Saudi Arabia
Morocco’s economy to benefit as EU drops it from money laundering list The North African country was removed from the list of high-risk countries for money laundering and terrorism financing in a decision announced by the European Commission on Wednesday. Morocco
Coinbase 'welcomed' to Abu Dhabi's Hub71, hinting at new base in UAE Coinbase CEO Brian Armstrong said at a Dubai-based tech event that the UAE could serve as a hub for parts of the Middle East, North Africa and Asia. United Arab Emirates
Will Telecom Egypt stake sale help country achieve IMF reforms? An expert said it was "unclear” whether the sale helped solve Egypt’s “key problem” of accessing hard currency. Egypt
Analysis Saudi Aramco, high-value IPOs face impending pressure in 2023 The United Arab Emirates saw the world’s largest IPO of first quarter 2023, with ADNOC Gas PLC raising $2.5 billion on the Abu Dhabi Securities Exchange. By Salim A. Essaid
Egypt inflation drops to 31.5%, but food prices still rising Annual inflation fell slightly in April compared to the previous month as the central bank readies its next decision on interest rates. Egypt
Lebanon’s angry depositors demand their money back from banks Bank depositors staged a sit-in in Beirut to protest the banks' illegal policies imposed on their deposits amid a stifling economic crisis. Lebanon
