Mideast private equity down 38%, but higher-value deals dominate Saudi Arabia was the region’s most active market with 13 transactions, followed by the UAE with 12. Saudi Arabia
Wealthy flock to UAE, fueling Dubai’s 32% company surge: What to know Gulf states are diversifying their economies away from reliance on oil, and the UAE is leading the charge, with the country on track to welcome nearly 10,000 high-net-worth individuals this year. United Arab Emirates
Meet Karim Attiyeh, youngest Arab American billionaire of Lebanese origin Karim Attiyeh, a Lebanese-born technologist, has been named by Forbes Middle East as the youngest billionaire of Arab origin in the United States, joining the list of the 125 richest immigrant billionaires in the US. Lebanon
Saudi Arabia to invest $6B in Syria in boost to Sharaa: What to know The kingdom has been at the forefront of diplomatic and economic efforts to support Syria's recovery. Syria
Bahrain's Investcorp buys 50% of Corsair's $4.8B infrastructure business The new entity, Investcorp Corsair, will continue to grow with a particular focus on transportation, logistics and related subsectors, a statement from the two companies said. Bahrain
France, Germany, Italy push for EU sanctions against Hamas leaders In a letter to the European Union Foreign Affairs chief Josep Borrell, the foreign ministers of the three countries stress they would like to see more Hamas leaders sanctioned. Israel
Explainer: Did investors profit from Hamas attack on Israel? The Tel Aviv Stock Exchange said there was no irregular trading after US researchers noted an increase in short volume and interest of some Israeli securities in the days leading up to Hamas’ deadly incursion. Israel
After Yahya Sinwar sanctions, France looks to deepen EU's anti-Hamas push France announced Tuesday it was freezing the assets of Hamas leader Yahya Sinwar for six months, a move it says is a prerequisite for enforcement of European Union sanctions on Hamas leaders. Palestine
As Israel’s economy slows, investors ask how long will Hamas war go on Despite fears, previous periods of violence in Israel, Gaza and the West Bank showed the Israeli economy emerging stronger on the other side. Israel
What $6.9B China-Saudi currency swap means for Beijing’s efforts to globalize yuan China’s increasing economic influence and the high price of the US dollar, which has increased amid increasing interest rates to tame inflation, have led some economies to switch to cheaper yuan-denominated transactions. Saudi Arabia
Turkey reports account surplus amid fiscal policy changes Turkish bonds may also become more attractive, according to a top bank, as Turkey’s new economic leaders raise interest rates and end unpopular policies. Turkey
Turkey returns to dollar bond market as Erdogan shifts approach The Turkish government has made several fiscal policy changes since the president's reelection in May in an effort to win back investors and address economic problems. Turkey
After Israel attack, US follows Hamas trail of money As Israel fights Hamas in the Gaza Strip, the United States is waging its own battle against the militant group’s finances. Qatar
Saudi Aramco, QatarEnergy, UAE’s Emirates among Fortune Arabia top 10 The list of 500 companies from 22 Arab countries posted around $1.6 trillion in revenues in 2022, yielding a net profit of $343 billion. Saudi Arabia
Gaza war could double oil prices, threaten global food security Washington-based multilateral lender World Bank compared the situation to the 1973 Arab oil embargo in its latest Commodities Market Outlook. Israel
Israel credit outlook lowered, budget to be amended amid Hamas war Israel’s credit rating was in trouble before the war in Gaza due to the government’s controversial judicial reform plans, and the war is affecting the country's fiscal situation. Israel
