Analysis

Saudi holdings of US Treasuries hit record low, signaling push to diversify from dollar

Saudi Arabia's stockpile of US Treasuries fell to $108.1 billion in June, the lowest point since December 2016.

By Salim A. Essaid

Analysis

Russia pushes North African trade area as Ukraine sanctions bite

Russia's influence across North Africa is varied, but regional countries could benefit from discounted Russian hydrocarbons, grain and fertilizer.

By Jack Dutton

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

Hungary inks deal for Qatari gas

Hungary and Qatar have signed a gas exportation deal as Europe diversifies its energy sources.

Qatar

With Gulf charm offensive, Turkey’s Erdogan sets up dealmaking deluge across defense, energy

A Turkish drone factory is coming to Saudi Arabia following a $3.1 billion deal with defense firm Baykar — one of many key deals that should soon take flight across numerous sectors as Turkey deepens cooperation with former Gulf rivals.

Samuel Wendel

In Washington, DC, reporting on regional business and tech

Protests in southern Syria as economy worsens

Syria’s economy is in tatters, and the removal of subsidies has led to relatively rare protests in government territory.

Syria

Head of Tunisia’s bakery owners union arrested amid bread crisis

President Kais Saied is targeting those he accuses of monopolizing flour amid an ongoing bread shortage.

Tunisia

US greenlights Israel's $3.5B sale of Arrow 3 air defense system to Germany

Germany has been trying to acquire the system for around a year now, with tension rising between Russia and NATO over the Ukraine war.

Israel

Saudi Arabia, China sign $1.33 billion in housing deals

The Saudi-China Business Forum represents the latest sign of increased Chinese interest in Saudi Arabia.

Legacy: Gulf

Morocco to continue to attract likes of Boeing and Airbus as aeronautics industry grows

Morocco’s aeronautics industry has come a long way over the past decade.

Francisco Serrano

In Lisbon, reporting on North Africa business

Saudi oil exports fall to 21-month low

The decline in the kingdom’s oil exports follows its production cuts as well as those of Russia. Saudi Arabia may face difficulties maintaining price stability moving forward.

Legacy: Gulf

Offshore gas rig sets up in cash-strapped Lebanon

The arrival of the machinery marks a significant development for Lebanon, which hope gas exploration will revive its ailing economy.

Lebanon

Israel’s inflation drops to 3.3%, beating expectations

Inflation in Israel has dropped to 3.3% from 4.2% in June, even as analysts predicted it would rise in July.

Israel