Oil falls below $71 as US-Iran talks continue, Gulf exports rebound Qatar’s Foreign Ministry spokesperson said in an X post on Wednesday that Iran and the United States had made "positive progress." Iran
Newsletter: Business & Tech The race to restore Hormuz US and Iranian negotiators are seeking a lasting agreement on shipping through the Strait of Hormuz as Tehran pushes for long-term control over the strategic waterway. By Jack Dutton In Bristol, reporting on regional business, climate change, AI, tech
Trump earns $810M from UAE-backed crypto firm: What to know According to the disclosure, Trump earned $810 million from crypto token sales and sales of interests in UAE-backed World Liberty Financial. United Arab Emirates
Kuwait's Zain eyes $1.5B mobile network in postwar Syria: What to know The Kuwaiti company is planning to invest more than $1.5 billion in Syria after securing a license to operate there, Bloomberg reported Tuesday. Syria
Interview Saudi labor localization will take ‘generation or two': Armada CEO Olivier Badard CEO of Armada Holding
Analysis Why the Hormuz oil shock never became an energy catastrophe By Samuel Wendel In Washington, DC, reporting on regional business and tech
No magic tap for Europe to replace Russian gas via Turkey Europe has been looking to Azerbaijan, Israel and other countries to transit gas via Turkey, but assuming political obstacles can be overcome, the massive investments needed will take time to realize. Turkey
Real estate in Yemen’s Sanaa still thrives despite war Despite the destruction in Yemen, land and residential prices are skyrocketing and the industry is becoming an attractive investment. DONT USE - Gulf Pulse
Israel implements some but not all sanctions against Russian oligarchs Israel’s leadership said that the country will not enable Russian oligarchs to bypass Western sanctions, but at the same time it did not commit clearly to adopt all the sanctions. Israel
Jericho’s casino may reopen after 21 years The Oasis Casino in the West Bank, once considered the largest gambling hall in the Middle East, has returned to the fore again amid talks about reopening the venue 21 years after it closed. Palestine
Gazans outraged over millions of dollars spent building mosques The upcoming inauguration of a mosque that was built at a cost of $2 million in the cash-strapped Gaza Strip has shocked residents whose homes have been destroyed by the repeated wars. Palestine
Israel, Egypt launch new flight route ahead of Passover Following up on the September meeting between Egyptian President Abdel Fattah al-Sisi and Israeli Prime Minister Naftali Bennett, Jerusalem and Cairo announced the opening of a flight route between Tel Aviv and Sharm el-Sheikh. Israel
Saudi GDP grew 3.2% in 2021, highest in seven years Saudi economic progress includes growth in the non-oil sector, as foreign direct investment moves more slowly. Saudi Arabia
Analysis Saudi considering China’s yuan for oil purchases Saudi Arabia and China have been growing closer for years, and the news comes at a time of frustration among Gulf states with the US. By Adam Lucente In New York City, reporting on regional news, militancy, climate change
As West ups sanctions on Russia's oligarchs, many maintain Israeli citizenship Dozens of Russian oligarchs have obtained Israeli citizenship in recent years due to their Jewish heritage. Western sanctions over Russia’s invasion of Ukraine could affect Israel’s relationships with the billionaires as well as its technology sector. By Adam Lucente In New York City, reporting on regional news, militancy, climate change
Israel's ultra-Orthodox reject housing in new Negev town Ultra-Orthodox leaders search for a solution to the housing crisis in the sector, but they are not in favor of the solution proposed by the government to establish a new ultra-Orthodox town in the Negev region. Israel
Egypt to see wheat imports resume from Ukraine, Russia Egypt also banned wheat exports to protect its grain supply, which has been threatened by the Russian invasion of Ukraine. Egypt is one of the largest wheat importers in the world. By AL-MONITOR Staff
Saudi cooperation with China continues with finalization of long-planned refinery deal Saudi oil giant Aramco has made a few agreements with Chinese companies in recent years. Saudi Arabia