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
Egypt’s economy braces for new hit from Sudan conflict Egypt fears that a prolonged conflict in Sudan, a major market for its exports, will add to its economic hardships. Egypt
Dubai’s DP World signs deals with China seaport companies in latest push Ningbo-Zhoushan port said it will boost its Dubai station project as part of China’s Road and Belt Initiative. United Arab Emirates
In Saudi, US embraces a West Asia architecture with India, UAE New relationships across the continent may promote both economic development and security. Legacy: Gulf
HSBC projects strong China-Middle East economic growth In 2021, trade between countries of the Gulf Cooperation Council (GCC) and China surpassed GCC trade with the United States and Europe for the first time, according to the IMF. Legacy: Gulf
Analysis Saudi Aramco, high-value IPOs face impending pressure in 2023 The United Arab Emirates saw the world’s largest IPO of first quarter 2023, with ADNOC Gas PLC raising $2.5 billion on the Abu Dhabi Securities Exchange. By Salim A. Essaid
Egypt: Leading textile executive pushes for low-interest loans to save industry Textile manufacturing is Egypt’s second-largest industry, but it was severely impacted by the pandemic and now the country’s economic downturn. Egypt
Iran increases trade with BRICS including China as it looks to join bloc Iran has seen a 14% year-on-year increase in non-oil trade with members of the five-state alliance, which includes Brazil, China, India, Russia and South Africa. Iran
Egypt inflation drops to 31.5%, but food prices still rising Annual inflation fell slightly in April compared to the previous month as the central bank readies its next decision on interest rates. Egypt
Analysis Turkey Elections: Israel never saw Erdogan as an ally, unsure about Kilicdaroglu Turkey’s opposition leader Kemal Kilicdaroglu had made several anti-Israel statements in the past, but might adopt a more pragmatic attitude toward Israel if he wins the election. By Rina Bassist In Paris, reporting on Israeli politics and European affairs
Israel’s FM cuts India trip short after Gaza escalation, meets Modi Israeli Foreign Minister Eli Cohen's trip follows Indian national security adviser Ajit Doval's visits to Iran and Saudi Arabia last week, aiming to strengthen bilateral strategic ties and encourage Delhi to further engage with the Abraham Accords peace circle. Israel
Lebanon’s angry depositors demand their money back from banks Bank depositors staged a sit-in in Beirut to protest the banks' illegal policies imposed on their deposits amid a stifling economic crisis. Lebanon
US delegation in Israel after Saudi visit, discussing regional projects with Netanyahu Advancing the I2U2 initiative, Prime Minister Benjamin Netanyahu was set to meet in Jerusalem with envoys of the Biden administration, following their trip to Saudi Arabia where they held extensive talks on infrastructure projects that involve India, Gulf countries and Israel. Israel
