Analysis Oil crisis stokes inflation risks for Mideast as Iran war exposes importers With crude oil briefly nearing $120 per barrel on Monday before giving up gains, the conflict is poised to reignite inflationary pressures around the world, including for vulnerable economies such as Egypt and Turkey. By Samuel Wendel In Washington, DC, reporting on regional business and tech
G7 readies strategic reserves after oil nears $120 amid Iran war It is the first time oil prices have passed $100 in nearly four years as the key producers in the energy-rich Middle East curb output amid the conflict. Iran
Analysis Qatar gas shock roils Middle East energy risk profile amid Iran war The disruption to energy transportation through the Strait of Hormuz predictably threatens crude prices, but it's natural gas supplies that are shocking the markets. By Samuel Wendel In Washington, DC, reporting on regional business and tech
UAE to freeze billions in Iranian assets following strikes The UAE's move to freeze Iranian assets will hit Iran’s economy hard, as it is straining under high inflation, unrest and now a war. United Arab Emirates
Analysis Iran’s assault reveals Gulf defense gaps and reliance on US tech and intel By Francesco Schiavi In Bologna, reporting on security, defense, economy, governance
UAE tax authority announces whistleblower program A major financial center in Dubai also recently launched a whistleblower mechanism as the Emirates seeks to improve financial transparency. United Arab Emirates
Dubai regulator announces increased protection for whistleblowers The UAE is working to increase its financial transparency after being linked to sanctions evasion and the flow of dark money. United Arab Emirates
Culture Abu Dhabi private schools returning to in-person classes Remote education has led to difficulties for students throughout the world, including in Middle Eastern countries. United Arab Emirates
Dubai partnering with Singapore to improve public transportation Dubai and Abu Dhabi are also working to make their public transit systems more environmentally friendly, though oil is still a major part of the Emirati economy. United Arab Emirates
Report: One third of Israelis and Emiratis own cryptocurrency Both Israel and the UAE have emerged as centers of cryptocurrency in the Middle East. Israel
Israel-UAE friendship continues with mutual recognition of driving licenses The agreement has been in the works since shortly after the signing of the Abraham Accords in 2020. Israel
Bybit, Crypto.com head for Dubai as UAE pushes cryptocurrency The Emirates wants to become a cryptocurrency hub for the region, but faces some competition from Israel. United Arab Emirates
UAE expands nuclear power plant, doubles electricity production The UAE is still reliant on oil and gas, though nuclear energy is rising in the country and across the region. United Arab Emirates
Israel, UAE to cooperate on clean hydroelectricity Israeli companies are eager to cooperate with Emirati partners for the development of clean, cheap and low-energy hydrogen production. Israel
Emirati and Turkish businesspeople discuss bilateral trade, investment The meeting between the Abu Dhabi Chamber of Commerce and Turkey’s ULUSKON business federation occurred in the context of rapprochement between the United Arab Emirates and Turkey. Turkey
UAE continues to grow influence in Africa with Zimbabwe trade The Emirates has expanded its presence on the African continent in recent years via infrastructure investments, military bases and more. United Arab Emirates
UAE sticks to OPEC+ production limits The Biden administration is asking Gulf partners to increase production in response to rising oil prices, but so far the cartel is holding to its earlier agreement. United Arab Emirates