Egypt urges BRICS to deepen financial ties after Trump threatens tariffs

Egyptian Prime Minister Mustafa Madbouly said that due to the global decline in multilateralism and crises engulfing the world, members of the bloc of developing nations should bolster their financial and economic ties.

Egypt

UAE ranks second globally as digital nomad destination: What to know

The Gulf country was rated highly for its internet quality, public safety, low tax environment, comprehensive health-care system and overall infrastructure.

United Arab Emirates

Interview

How Red Sea attacks prepared Egypt’s economy for future shocks

The CEO of Egypt's third-largest bank tells Al-Monitor why he is hopeful about the country's economic recovery.

Hisham Ezz Al-Arab

CEO, Commercial International Bank

Analysis

Gulf bets on LNG boom power ahead amid regional energy shifts, war risks

Gulf oil powers are emerging as key LNG players, leveraging rising consumer demand to justify strategic global gas investments and to scale up their own LNG production at home.

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

After Israel war, Iran reopens airspace to domestic, international flights

Authorities opened all airports on Friday except for those at Isfahan and Tabriz.

Iran

Saudi Arabia, Indonesia announce $27B in oil, clean energy deals: What to know

Saudi Arabia and Indonesia signed agreements for investments worth $27 billion in various fields during Indonesian President Prabowo Subianto’s visit to the kingdom.

Saudi Arabia

Norway removes sanctions on Syria: What to know

Norway has moved to increase humanitarian assistance to Syria.

Syria

Saudi renewables firm ACWA Power eyes major China expansion: What to know

By 2030, ACWA Power aims to expand its global assets to around $250 billion, with China projected to contribute between $30 billion and $75 billion.

Saudi Arabia

Turkey closes livestock markets amid foot-and-mouth disease outbreak: What to know

The Agriculture Ministry has closed all livestock markets to prevent spread of the disease while vaccination efforts are underway.

Turkey

Newsletter: Business & Tech

Saudi Arabia’s Public Investment Fund sees 2024 profits drop

By Jack Dutton

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

Israeli startups raise $1.6B in June as war with Iran fails to rattle investors

Israeli startups raised funds through 18 deals in June, marking their highest monthly total since 2022, according to Startup Nation Central.

Israel

Iran’s rial falls by 3% as Tehran grapples with war aftermath

The rial has fallen considerably since May, as officials lash out against the US despite the recent conflict coming to a close.

Iran