China slams Trump over economic war on Iran: What to know China’s once significant oil imports from Iran have been impacted by the war in the region and increasing US sanctions. Iran
Explainer King Abdullah visits China as region hedges against US unpredictability With no end in sight to the war in Iran and an unchecked Israeli policy across the region, the kingdom is hedging against future uncertainty and a less predictable US policy. China
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
Jordan's King Abdullah heads to China in first visit since 2015: What to know Ahead of the visit, King Abdullah said that Jordan hopes to expand cooperation with China in green energy, tourism and aviation. Jordan
Analysis Jordan shores up US lifelines as Iran targets Amman’s reliance on Washington By Samuel Wendel In Washington, DC, reporting on regional business and tech
IMF chief urges governments to increase carbon prices, reduce fossil fuel subsidies Kristalina Georgieva was addressing an audience of business leaders and philanthropists at the COP28 climate summit in Dubai. United Arab Emirates
UAE-China ink multibillion-dollar deals as ties grow The United Arab Emirates and China are major trade partners and have strengthened cooperation in both finance and energy in recent months. Legacy: Gulf
What does Saudi Arabia hosting of Expo 2030 mean for its economy? Winning the rights to host the world fair follows news that the kingdom will likely host the 2034 FIFA World Cup, among several other major events. Legacy: Gulf
Italy and Saudi Arabia in talks for major deals as ties grow under Meloni The government of Italian Prime Minister Giorgia Meloni, which came into power in October 2022, has been working to deepen ties with energy- and cash-rich states in the Middle East and North Africa. Saudi Arabia
As Israel’s economy slows, investors ask how long will Hamas war go on Despite fears, previous periods of violence in Israel, Gaza and the West Bank showed the Israeli economy emerging stronger on the other side. Israel
Why is Turkey securing trade with Israel as Erdogan cheers on Hamas? The Turkish president may be the loudest leader speaking up for the Palestinians, but he has paid no heed to calls for sanctions that could really bite Israel. Turkey
Business & Tech Briefing: Dubai gears up for COP28 By Jack Dutton In Bristol, reporting on regional business, climate change, AI, tech
What $6.9B China-Saudi currency swap means for Beijing’s efforts to globalize yuan China’s increasing economic influence and the high price of the US dollar, which has increased amid increasing interest rates to tame inflation, have led some economies to switch to cheaper yuan-denominated transactions. Saudi Arabia
Analysis How the Hamas war wreaked havoc on Israel’s economy Israel’s central bank said that the war with Hamas is a “major shock” to the economy and has been more expensive than initially estimated. By Jack Dutton In Bristol, reporting on regional business, climate change, AI, tech
What awaits Turkey's economy as its foreign exchange woes ease? After the March local polls, Ankara will be free of major domestic political concerns and is expected to enact a stern program to cool the economy and make real progress in fighting inflation. Turkey
Russia and China big participants at Dubai Airshow At this year's event, the UAE is balancing friendly relations with the United States as well as with China and Russia, including via the BRICS alliance. Legacy: Gulf
In first, Bahrain asset manager targets up to $550 million in China yuan fund Gulf buyers have announced 13 acquisitions of public and private Chinese companies so far in 2023, compared to just one in the same period of last year, according to data compiled by LSEG. Bahrain
