Iran names US tech, finance firms in new Middle East threat list Firms listed as potential targets included Oracle, Microsoft, Apple, Google, Meta, IBM, Palantir and Nvidia, while banking giant JPMorgan and UAE-based AI firm G42 were also listed. Iran
UAE steps in to support banks as war pressure builds: What to know The United Arab Emirates' banks have seen their stocks plummet since the war erupted on Feb. 28. United Arab Emirates
Analysis Iran war tests Gulf dealmaking as foreign investors assess risks A multibillion-dollar pipeline sale in Kuwait has emerged as one of the early signs that the Gulf’s dealmaking machine is taking a hit from the US-Israel-Iran war. By Samuel Wendel In Washington, DC, reporting on regional business and tech
Analysis How long can markets hold their bet on Gulf resilience as war drags on? A prolonged closure of the Strait of Hormuz and continued assaults on Gulf energy infrastructure are likely to lead to regionwide credit deterioration, experts say. By Jack Dutton In Bristol, reporting on regional business, climate change, AI, tech
Group of 32 states to release 400M barrels of oil reserves: What to know By Jack Dutton In Bristol, reporting on regional business, climate change, AI, tech
World Bank says debt increasing in Middle East countries Egypt, Iran and Turkey’s debt rose significantly last year. Legacy: Gulf
Egypt’s non-oil private sector records two years of contraction The last time the Purchasing Managers Index, which offers insight into the private sector, recorded expansion in Egypt's economy was back in November 2020. Egypt
Some Egyptian companies still dealing with Russia's alternative financial system Some Egyptian companies are secretly dealing with a Russian alternative financial system, in anticipation of international sanctions by the United States. Egypt
Venture funding in Maghreb region gets facelift As the number of startups in the Maghreb region increases and venture funding experiences a meteoric rise, the region is gradually taking a visible spot in the MENA startup ecosystem. North Africa
Kuwait benefits from oil price boom but long-term economic challenges loom Key reforms and a lack of a diversified economy remain only two of Kuwait's major challenges. Legacy: Gulf
Binance CEO takes heat at Abu Dhabi event after FTX fall Changpeng Zhao maintained that crypto is the future, despite cryptocurrency exchange FTX filing for bankruptcy last week. Legacy: Gulf
Egypt’s Banque Misr receives loan from African Development Bank, China The loan could help Egyptian startups and comes amid Egypt’s ongoing economic crisis. Egypt
‘Stars aligned’ for Palestinian startups, Gulf investors say Entrepreneurs from the West Bank and Gaza recently visited Dubai to attend a conference on funding for new businesses. Palestine
Israeli cryptocurrency market attempts to catch up with global pace An Israeli crypto firm becomes the first in the country to get a capital markets license. Israel
Middle East countries must do more to recover, say IMF event panelists While oil producing countries are projected to benefit from a windfall due to high energy prices, for others the coming years "will be more challenging than ever." Legacy: Gulf
Israel to work with France against money laundering, terror financing The memorandum of understanding signed last week between Israel and France is just part of the very extensive battle championed by Israel’s Money Laundering and Terror Financing Prohibition Authority against criminal money laundering and financing of terror activities. Israel
Israeli autonomous driving firm goes public Mobileye’s stock rose on its first day trading on Nasdaq. Israel
