Gulf investment to turn inward to rebuild postwar infrastructure: QNB Charles-Emmanuel de Beauregard, Qatar National Bank’s head of corporate and institutional banking, said that the Gulf countries will need to rebuild their logistics capabilities after the closure of the Strait of Hormuz. Qatar
Saudi Aramco's VC arm sees boom in emerging technologies, retail Anas Alqahtani, CEO of Wa'ed Ventures, expects strong growth in Saudi Arabia’s emerging technology and retail sectors over the coming years. Saudi Arabia
Analysis As Trump admin drops Halkbank case, S-400 last big hurdle in US-Turkey ties The move eases a key source of friction with Turkey ahead of a NATO summit in Ankara. By Amberin Zaman Reporting on geopolitics, minorities, human rights, culture
Bessent says Iran's frozen assets will pay for Gulf damage, Hormuz tolls US Treasury Secretary Scott Bessent said that any damage Iran inflicts on Gulf allies will be paid for with funds extracted from Iranian accounts. Iran
Who is Bill Pulte, Trump loyalist tapped as intelligence director? By Jared Szuba In Washington, DC, reporting on defense, national security, military
Analysis Ports and infrastructure: UAE embraces new economic order in Syria By Samuel Wendel In Washington, DC, reporting on regional business and tech
Gulf central banks raise interest rates after Fed move Many Gulf nations have mirrored the US Federal Reserve’s decisions on interest rates all year. Israel and Egypt have also raised rates, but Turkey has been cutting — despite skyrocketing inflation. Legacy: Gulf
World Bank says debt increasing in Middle East countries Egypt, Iran and Turkey’s debt rose significantly last year. Legacy: Gulf
Egypt’s non-oil private sector records two years of contraction The last time the Purchasing Managers Index, which offers insight into the private sector, recorded expansion in Egypt's economy was back in November 2020. Egypt
Some Egyptian companies still dealing with Russia's alternative financial system Some Egyptian companies are secretly dealing with a Russian alternative financial system, in anticipation of international sanctions by the United States. Egypt
Venture funding in Maghreb region gets facelift As the number of startups in the Maghreb region increases and venture funding experiences a meteoric rise, the region is gradually taking a visible spot in the MENA startup ecosystem. North Africa
Kuwait benefits from oil price boom but long-term economic challenges loom Key reforms and a lack of a diversified economy remain only two of Kuwait's major challenges. Legacy: Gulf
Binance CEO takes heat at Abu Dhabi event after FTX fall Changpeng Zhao maintained that crypto is the future, despite cryptocurrency exchange FTX filing for bankruptcy last week. Legacy: Gulf
Egypt’s Banque Misr receives loan from African Development Bank, China The loan could help Egyptian startups and comes amid Egypt’s ongoing economic crisis. Egypt
‘Stars aligned’ for Palestinian startups, Gulf investors say Entrepreneurs from the West Bank and Gaza recently visited Dubai to attend a conference on funding for new businesses. Palestine
Israeli cryptocurrency market attempts to catch up with global pace An Israeli crypto firm becomes the first in the country to get a capital markets license. Israel
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
