Explainer Lebanon advances controversial $500K golden visa law: What to know While its supporters say the scheme would help Lebanon's economy recover, critics say it could offer a channel for corruption. Lebanon
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 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
Egypt’s headline inflation hits all-time high of 38.2% in July Surging food prices helped July’s headline inflation numbers break the record of 36.8% in June. Egypt
Egypt’s power cuts persist amid heat, declining natural gas production Egypt wants to export more natural gas, including in cooperation with neighboring Israel, but domestic production is declining amid the government’s efforts to reduce consumption. Egypt
From Beijing to Chengdu, UAE’s ENOC establishes first China jet fuel network The Dubai government-owned oil and gas company said the expansion will extend to strategic cities including Beijing, Shanghai, Guangzhou, Shenzhen and Chengdu. United Arab Emirates
Ukraine sanctions Israeli-Georgian billionaire accused of backing Russia Israeli press reported today that Israeli-Georgian businessman Mikhael Mirilashvili, considered close to Prime Minister Benjamin Netanyahu, was blacklisted by Ukraine several months ago. Israel
Iran’s foreign minister meets Japanese counterpart in rare Tokyo trip Hossein Amir-Abdollahian's visit to Japan comes amid mounting tensions in the region over Iran’s nuclear activities and attacks on commercial vessels in the Gulf. Iran
Israel to include Gaza Americans in US visa waiver trial After agreeing to facilitate the passage of American-Palestinians in the West Bank, Israel has agreed to similar conditions for those residing in Gaza. Israel
Qatar loans Argentina $775 million to repay IMF Qatar continues its practice of assisting financially strapped countries by providing a loan to Argentina, which is also planning to use the yuan to purchase Chinese imports. Legacy: Gulf
UAE’s ADNOC buys stake in Azerbaijan gas field The move follows a wind and solar energy deal between an Emirati firm and Azerbaijan. Legacy: Gulf
Turkey’s new economy team wins over foreign investors Turkey’s economy czar and central bank chief have met with foreign investors amid a fresh push to draw foreign funds. Turkey
Lebanon: Republicans in Congress call for sanctions against political class The letters come amid Lebanon’s continued political paralysis, economic crisis and rising tensions with Israel. Some members of Congress are calling for sanctions on parliament speaker Nabih Berri, an ally of Hezbollah. Lebanon
Iran president Raisi invites UAE's MBZ to visit Tehran The invite was extended on the same day that Iran conducted a naval drill on Abu Musa Island, which is disputed with the UAE. United Arab Emirates
Saudi Arabia, UAE lead Forbes’ 2023 Arab family business ranking Although Saudi Arabia and the UAE dominated the list, with 33 and 29 of the top 100 spots respectively, Egypt’s Mansour Group sat in first place, with the UAE’s Al-Futtaim Group in second and Saudi Arabia’s only female-led company, Olayan Financing Company, at third. Saudi Arabia
