Egypt's Sisi visits Qatar, nabs $7.5B in investments: What to know President Abdel Fattah al-Sisi’s trip to Doha comes amid Egypt’s moves to improve ties with Turkey and tensions with the UAE over the Gaza war. Egypt
David Petraeus, ex-CIA head, tapped to lead KKR's push into Mideast markets The newly-formed team will identify investment and partnership opportunities in the region, with a focus on the Gulf Cooperation Council countries, the private equity firm said. Saudi Arabia
Turkey's Simsek says economy will ride out Trump tariffs without lasting scars Mehmet Simsek stressed that his government’s economic program has made the economy more resilient against internal and external shocks, highlighting that inflation has fallen and continues to drop. Turkey
UAE becomes observer in Asian money laundering group The move follows the UAE being added to a financial watchdog’s list of countries with deficiencies in countering money laundering. Gulf
Saudi Public Investment Fund reports $11 billion loss for 2022 Saudi Arabia's sovereign wealth fund reports its assets have risen from $676 billion to about $778 billion in 2022 in a rare gesture of transparency for the Gulf. Saudi Arabia
Pakistan thanks 'brotherly' Saudis for $2 billion ahead of IMF bailout decision Pakistan received Saudi Arabia's $2 billion deposit a day before the International Monetary Fund is expected to approve a $3 billion bailout on Wednesday that the country desperately needs. Saudi Arabia
Turkey's finance, banking chiefs to visit Saudi Arabia in search of foreign funds The Saudi visit of Finance Minister Mehmet Simsek and Central Bank Governor Gaye Erkan is expected to be followed by the Turkish President's Gulf tour. Turkey
Dubai crypto authority suspends BitOasis The cryptocurrency platform BitOasis' license was suspended by Dubai's VARA due to noncompliance of licensing requirements. United Arab Emirates
Israel pauses interest rate hikes, first time in a year The Bank of Israel signaled it could raise rates in the future, as inflation remains above the target range. Israel
UAE breaks foreign direct investment record as Saudi Arabia sees 59% dip Israel and the United Arab Emirates led the Middle East and North Africa for the highest FDI inflow — the purchasing of assets in another country — and globally placed 15th and 16th, respectively, according to a UNCTAD report released Wednesday. United Arab Emirates
Analysis Israeli government postpones interest rates bill for checking accounts The postponement of the bill was decided after an unusually harsh letter by Bank of Israel Gov. Amir Yaron, warning such a move would harm the bank's independence. By Rina Bassist In Paris, reporting on Israeli politics and European affairs
Israel: seizure of millions of dollars in crypto linked to Iran IRGC, Hezbollah The news follows Hamas announcing it will not use Bitcoin anymore and more government scrutiny of cryptocurrency transactions, including by the United States. Israel
Libyan police detain 50 Chinese nationals in crypto farm bust Media from the Tripoli Attorney General Office’s Facebook page show a dingy-looking, windowless room full of hardware, wires and servers being raided by authorities. Libya
Dubai leaps to world’s 7th most expensive city for luxury living, overtaking Paris, Zurich The UAE finance hub made the top 10 list for the first time in Julius Baer’s global wealth index published Tuesday. United Arab Emirates
Putin, MBZ meet in St. Petersburg, vow to boost Russia-UAE ties UAE President Sheikh Mohammed bin Zayed Al Nahyan called for de-escalation of the Russia-Ukraine war and a political resolution. United Arab Emirates
