Egypt urges BRICS to deepen financial ties after Trump threatens tariffs Egyptian Prime Minister Mustafa Madbouly said that due to the global decline in multilateralism and crises engulfing the world, members of the bloc of developing nations should bolster their financial and economic ties. Egypt
Interview How Red Sea attacks prepared Egypt’s economy for future shocks The CEO of Egypt's third-largest bank tells Al-Monitor why he is hopeful about the country's economic recovery.
Analysis At Brazil summit, BRICS welcomes new Middle East members as divisions continue A year after formally joining at the Kazan summit, Iran, Egypt and the UAE attend their first BRICS summit hosted outside Russia — as Saudi Arabia continues to weigh whether to join. By Sabena Siddiqui In Karachi, reporting on South Asia, Middle East, Iran
Analysis Gulf bets on LNG boom power ahead amid regional energy shifts, war risks Gulf oil powers are emerging as key LNG players, leveraging rising consumer demand to justify strategic global gas investments and to scale up their own LNG production at home. By Samuel Wendel In Washington, DC, reporting on regional business and tech
Analysis Kuwait's heatwaves, high demand strain fragile power grid: What to know By Sebastian Castelier In Dubai, reporting on regional business
Interview Former French PM says Trump has ‘immense opportunity’ in Mideast Dominique de Villepin Former French prime minister
Yellen warns Israel against blocking Palestinian banks, battering West Bank Israel has been threatening to cancel a vital waiver that expires July 1 between Israeli and Palestinian banks that allows Israeli banks to process shekel payments for vital services and PA salaries. Israel
UAE's ADNOC invests in Mozambique's natural gas in first African foray The deal will give ADNOC a share of the liquified natural gas output from the concession, which has a combined capacity of over 25 million metric tons per pear, the company said in a statement. United Arab Emirates
Saudi crown prince cancels Japan trip over King Salman's health concerns The Saudi Press Agency reported Sunday that the crown prince’s 88-year-old father, King Salman Bin Abdulaziz, was suffering from lung inflammation and will be treated at the Al Salam Palace in Jeddah. Saudi Arabia
Turkey-China in 'advanced' talks on EV manufacturing as Beijing footprint grows Turkey and the Gulf states are aggressively pursuing electric vehicles with entities eyeing cooperation with China. Turkey
Gulf consolidates stature as sovereign wealth hub, lags on per capita holdings A frenzy of recent initial public offerings has again highlighted Gulf states' statuses as global wealth hubs. By Sebastian Castelier In Dubai, reporting on regional business
Israel's Smotrich will abolish free trade deal with Turkey, slap 100% tariff As Israel becomes increasingly isolated internationally, the army stated that two Thai workers, presumed kidnapped by Hamas, were actually killed by the group on Oct. 7. Israel
Dubai beats Singapore, London as top city for 'greenfield' FDI projects FDI Markets data, compiled by the Financial Times, found the UAE's financial capital ranked top overall in global "greenfield" FDI projects attracted in 2023. United Arab Emirates
Saudi Arabia 'conservative' on oil revenue as it pares back Vision 2030 plans Mohammed Al-Jaadan warned that being a resource-rich country was a curse as well as a blessing because being dependent on one commodity such as oil can hold a country "hostage" to the volatility of global demand and prices. Saudi Arabia
How Iran could benefit from Chabahar Port deal with India India has been reluctant to move ahead with its plans for Chabahar due to US sanctions, despite an exemption. Iran
What does Turkey's three-year austerity plan to curb inflation entail? The plan is to increase the efficiency of the public sector through cost-cutting measures such as a ban on buying new vehicles for civil servants. Turkey
Emirates airline reports record $4.7B profit as Gulf competition heats up The Dubai-based airline has posted strong performance figures in recent months. United Arab Emirates
Turkey, Israel tangle in fresh row over trade ban The fresh tensions between the two regional powers seem to be stemming from a Turkish directive sent to companies that were doing business with Israel to introduce a three-month adjustment period for implementation of the trade ban. Turkey
![CORRECTION / A picture taken in Riyadh shows the sign in Arabic of an Aramco gas station on the outskirts of the Saudi capital Riyadh on November 5, 2024. Energy giant Saudi Aramco reported a 15 percent year-on-year drop in third quarter profit on November 5, 2024, citing low oil prices. (Photo by Fayez Nureldine / AFP) / "The erroneous mention[s] appearing in the metadata of this photo by Fayez Nureldine has been modified in AFP systems in the following manner: changing the second phrase to refer to Saudi](/sites/default/files/styles/large/public/2025-06/GettyImages-2182386773.jpg?h=cf3e9931&itok=vPhlaZPc)
