Iran oil exports to China fall sharply amid US sanctions, weakened demand

China is by far Iran’s largest customer for oil, snapping up around 90% of the Islamic Republic’s shipments.

Iran

UAE's Alterra targets Italian solar as part of $250B green finance drive

The Emirati private investment fund aims to mobilize $250 billion through partnerships in global climate finance annually.

United Arab Emirates

Mideast airlines to deliver industry’s highest profit margins in 2025

The region's airlines are forecast to hit a profit margin of 8.7% in 2025, slightly lower than last year's figure of 8.9% but the highest in the industry.

Saudi Arabia

Japan unfreezes assets of 4 Syrian banks while most sanctions remain

Tokyo has been moving more cautiously than its Western allies in liftin sanctions on Syria and still has many in place.

Syria

Qatari-led consortium signs $7B deal with Syria for 5,000 MW of electricity

Syria’s electricity grid needs extensive expansion after 14 years of civil war.

Syria

China expands visa-free policy to Saudi Arabia, Oman, Bahrain, Kuwait

During a landmark summit in Malaysia, China announced an exemption for nationals from Saudi Arabia, Oman, Bahrain and Kuwait from the need for entry visas.

China

Saudi Arabia's flyadeal joins growing list of airlines flying to Syria

Several regional airlines have resumed or plan to resume flights to Syria.

Saudi Arabia

Gulf states court China, ASEAN at landmark Malaysia summit: What to know

The Gulf Cooperation Council’s summit with the Southeast Asia bloc was expanded to include China, bringing the emir of Qatar and Saudi Arabia’s top diplomat to Malaysia.

Qatar

Analysis

US sanctions relief key to Syria’s recovery but hinges on global coordination

The levies include secondary sanctions targeting individuals or companies who engage with Damascus, so private sector companies will only move after a US green light.

By Jack Dutton

In Bristol, reporting on regional business, climate change, AI, tech

China expands foothold in Egypt’s Suez with $17M garment deals

China has signed more than a billion dollars' worth of deals in the Suez Canal Economic Zone this year as the waterway reels from the Red Sea crisis.

Egypt

EU greenlights lifting of all economic sanctions on Syria

The European Union and the United Kingdom had already lifted some sanctions on Syria in certain sectors including aviation, energy and media.

Syria

Qatar Airways reports highest-ever yearly profit of $1.7B

The Gulf airline said in a statement it was the strongest financial performance in its 27-year history.

Qatar