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
Middle East countries must do more to recover, say IMF event panelists While oil producing countries are projected to benefit from a windfall due to high energy prices, for others the coming years "will be more challenging than ever." Legacy: Gulf
Israel to work with France against money laundering, terror financing The memorandum of understanding signed last week between Israel and France is just part of the very extensive battle championed by Israel’s Money Laundering and Terror Financing Prohibition Authority against criminal money laundering and financing of terror activities. Israel
Israeli autonomous driving firm goes public Mobileye’s stock rose on its first day trading on Nasdaq. Israel
Dubai-based crypto firm to offer payment card The partnership between BitOasis and Mastercard could make cryptocurrencies more usable for daily purchases. Legacy: Gulf
Egyptian Central Bank plans to establish new index of gold, foreign currencies The Egyptian pound is performing poorly against the US dollar but faring better compared to other currencies. Egypt
Saudi Arabia opens up to new fintech players While Saudi Arabia’s fintech sector presents opportunities for entrepreneurs, VC investors and consumers, there are specific, long-standing challenges hindering the market’s full potential. Legacy: Gulf
Is Saudi Arabia changing approach to cryptocurrencies? Although Saudi Arabia seems to be warming to cryptocurrencies, it is unlikely to displace the UAE as the region’s crypto hub anytime soon. Legacy: Gulf
Egyptian households turn to credit as inflation bites In the past, locals used to buy only durables in installments. Today, breadwinners buy clothes, schoolbooks, stationery and groceries on credit. Egypt
Egyptian pound continues to lose value Economists expect Egypt's central bank to loosen its grip on the exchange rate of the Egyptian pound in its meeting later this month, but the possible move is fraught with fears from a sharp rise in commodity prices. Egypt
Egypt to adopt Russian Mir payment system to encourage tourism, trade exchange Russian tourists and companies will be allowed to pay through the Russian Mir system in Egypt ahead of the winter season, which Cairo is hoping will boost its tourism sector. Egypt
Egypt to issue bonds in China’s currency yuan The US dollar may be losing its dominance in the Middle East to the yuan. Egypt
Egypt's Central Bank governor resigns amid economic crisis The resignation of Egypt's central bank governor has put the country's economy under pressure. Egypt
