Explainer Qatar blast underscores challenges in race to restart Gulf energy flows The deadly explosion marks an early test of Gulf efforts to revive oil and gas production following a historic energy supply shock caused by the US-Israel-Iran war. Qatar
Interview US-Egypt fund makes case for economic statecraft in hard power era As Washington focuses on war and deterrence, the Egyptian-American Enterprise Fund argues private-sector investment can advance US strategic interests. Cornelius Queen Senior Vice President of the Egyptian-American Enterprise Fund
Oil falls more than 3% after Iran, US signal progress in talks International benchmark Brent crude fell to $78.68 as of 7:06 a.m. EDT. Iran
Analysis US-Iran deal delivers $300 billion controversy, reconstruction questions Under the US-Iran agreement signed on June 17, Tehran stands to receive sweeping sanctions relief, renewed oil sales, access to frozen assets abroad and perhaps the most controversial incentive of all: a proposed $300 billion investment fund. By Samuel Wendel In Washington, DC, reporting on regional business and tech
Interview Franco-Gulf investment holds firm despite Iran war, French official says Axel Baroux France’s trade and investment commissioner for the UAE and Middle East
Turkey-China in 'advanced' talks on EV manufacturing as Beijing footprint grows Turkey and the Gulf states are aggressively pursuing electric vehicles with entities eyeing cooperation with China. Turkey
Gulf consolidates stature as sovereign wealth hub, lags on per capita holdings A frenzy of recent initial public offerings has again highlighted Gulf states' statuses as global wealth hubs. By Sebastian Castelier In Dubai, reporting on regional business
Israel's Smotrich will abolish free trade deal with Turkey, slap 100% tariff As Israel becomes increasingly isolated internationally, the army stated that two Thai workers, presumed kidnapped by Hamas, were actually killed by the group on Oct. 7. Israel
Dubai beats Singapore, London as top city for 'greenfield' FDI projects FDI Markets data, compiled by the Financial Times, found the UAE's financial capital ranked top overall in global "greenfield" FDI projects attracted in 2023. United Arab Emirates
Saudi Arabia 'conservative' on oil revenue as it pares back Vision 2030 plans Mohammed Al-Jaadan warned that being a resource-rich country was a curse as well as a blessing because being dependent on one commodity such as oil can hold a country "hostage" to the volatility of global demand and prices. Saudi Arabia
How Iran could benefit from Chabahar Port deal with India India has been reluctant to move ahead with its plans for Chabahar due to US sanctions, despite an exemption. Iran
What does Turkey's three-year austerity plan to curb inflation entail? The plan is to increase the efficiency of the public sector through cost-cutting measures such as a ban on buying new vehicles for civil servants. Turkey
Emirates airline reports record $4.7B profit as Gulf competition heats up The Dubai-based airline has posted strong performance figures in recent months. United Arab Emirates
Turkey, Israel tangle in fresh row over trade ban The fresh tensions between the two regional powers seem to be stemming from a Turkish directive sent to companies that were doing business with Israel to introduce a three-month adjustment period for implementation of the trade ban. Turkey
Israel's Elbit clinches $53M deal to sell mortar systems to Europe Between 2019 and 2023, Israeli weapons constituted 2.4% of the global market, massively reshaped by Russia's invasion of Ukraine and increased imports by European countries. Israel
Dubai crowned wealthiest city in Middle East, home to 72,500 millionaires The number of individuals in Dubai with liquid investment wealth — assets that can be readily converted to cash — of $1 million or more increased by 78% between 2013 and 2023 to 72,500, according to a report. United Arab Emirates
Turkey and Kuwait sign six deals as Erdogan hosts country's Emir The Kuwaiti emir traveled to Turkey for his first foreign visit to a non-Arab country since he took the oath of office in December. Turkey
