Turkey secures $2.8B green financing for Azerbaijan railway: What to know

The 223-kilometer railway will connect to the existing train route that joins Turkey’s northeastern city of Kars and the Georgian and Azerbaijani capitals of Tbilisi and Baku.

Turkey

Saudi crude oil exports hit 3-month high as production soars: What to know

The increase comes as the kingdom is reeling from negative effects of lower oil prices and production boosts from OPEC+ under US pressure.

Saudi Arabia

Egypt pitches new investment plan to US firms: What to know

Egypt is hunting foreign investment as part of its Vision 2030 strategy for sustainable development.

Egypt

Why Turkey plans to end its 52-year oil pipeline deal with Iraq

The Turkish decree stipulated that the 1973 Turkey-Iraq Crude Oil Pipeline Agreement — along with all amendments to the deal — would be terminated effective July 27, 2026.

Turkey

Saudi Arabia's Diriyah awards Chinese firm $1.53B contract: What to know

Saudi Arabia’s Diriyah Company has awarded a major contract to China Harbour Engineering Company for the development of a Vision 2030 project.

China

Analysis

Trump tariffs, BRICS threats unlikely to erode Middle East’s trade war edge

The US decision to delay tariff penalties until Aug. 1 doesn't dramatically impact the Middle East, but the coming weeks could still have important ripple effects in the region.

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

Egypt banks on Beijing as premier visit seals yuan, payment deals

The deals were announced during the visit by a senior Chinese delegation led by the country’s premier to Cairo this week.

China

From Iraq to Algeria, Trump’s looming tariffs could target 4 MENA countries

The United States has a trade deficit with Iraq, Algeria, Libya and Tunisia, according to the US government, prompting the president to send them letters warning of new tariffs.

Iraq

UAE, Azerbaijan sign trade deal as officials meet in Abu Dhabi for Armenia peace talks

The deal is expected to contribute around $680 million to the UAE’s gross domestic product by 2031, according to UAE Minister of Foreign Trade Thani bin Ahmed Al Zeyoudi.

United Arab Emirates

UAE green energy giant Masdar invests in $6B UK wind farm: What to know

A consortium of 24 international banks has raised $4.8 billion in financing for the British energy project.

United Arab Emirates

Oman launches $200M clean energy fund with China’s Templewater

China, a major clean energy player in its own right, already has multiple investments in the sector in Oman, particularly in solar and wind.

Oman

China’s premier makes first visit to Egypt as ties grow: What we know

Egypt and China have significantly deepened their ties in recent years across various sectors such as trade, defense, technology and the economy.

Egypt