US stock markets soar to new records amid Hormuz deal hopes The S&P 500, Nasdaq Composite and Dow Jones Industrial Average are on track for their best five-day performance since April 2025. Iran
Explainer Iran-Oman Hormuz route talks near 'completion': What to know The new framework would give Iran a greater role in managing one of the world’s most strategically important maritime choke points. Oman
Lebanon’s Riad Salameh hospitalized as arrest roils Beirut: What to know Lebanon's former Central Bank governor, Riad Salameh, was taken from prison to a hospital over his deteriorating health. Lebanon
Saudi Arabia's economy shrinks by 4.8% amid Iran war: What to know The kingdom saw a 24.7% year-on-year decline in its oil sector for the April 1 to June 30 period due to the closure of the Strait of Hormuz. Saudi Arabia
Explainer Saudi airlines outbuy Gulf rivals at Farnborough air show: What to know United Arab Emirates
Egypt secures $220M from domestic, Gulf, Chinese investors for solar project Foreign investment from three countries comes at a pivotal time in Egypt’s recovery from its worst financial crisis in over six decades. Egypt
Lebanese PM meets Egypt’s Sisi amid Hezbollah disarmament push: What to know Egyptian President Abdel Fattah al-Sisi pledged support for Lebanon’s stability and reconstruction during talks in Cairo with Lebanese Prime Minister Nawaf Salam. Lebanon
Abu Dhabi’s Lunate buys stake in UK hedge fund, launches $2B investment arm With $1.7 trillion in sovereign wealth, Abu Dhabi has long sought to establish itself as a global financial hub. United Arab Emirates
In China, Saudi investment minister looks to build on $100B+ trade ties China is the kingdom’s largest trade partner, with bilateral trade between the two reaching roughly $107.5 billion in 2024. Saudi Arabia
UAE president makes first-ever visit to Angola as part of Africa push The UAE president’s visit to Angola, his first, marks a major step in the already strong relations between the two nations. United Arab Emirates
Analysis Turkey to end costly $60B currency-protection scheme — for now Ankara could soon close the book on a monetary intervention launched to defend the lira in 2021, the latest pivot back to more conventional economic policies following the country's 2023 presidential election. By Samuel Wendel In Washington, DC, reporting on regional business and tech
China, UAE are transforming African economies, but on whose terms? China and the UAE are racing to get ahead in Africa’s economic future, each using a different playbook. United Arab Emirates
Qatari royal expands Africa push with $12B in Botswana after $39B in DRC, Zambia A Qatari delegation began a tour of 10 African countries on Aug. 13 in Kinshasa, Democratic Republic of Congo, to explore investment opportunities. Qatar
Sudan restricts gold trade as currency falls: What to know The UAE, historically the largest importer of Sudanese gold, could be affected by the move, and Khartoum is seeking to reduce exports of the commodity to the Gulf state over a dispute related to the civil war. Sudan
Egypt's Sisi, Saudi crown prince discuss Red Sea, Gaza, trade in Neom Egypt’s President Abdel Fattah al-Sisi headed to Saudi Arabia as the two countries continue to strengthen bilateral ties and enhance cooperation on regional and international issues. Egypt
UAE breaks ground on 50 MW solar plant in CAR, expanding Africa footprint Abu Dhabi’s financial footprint has expanded across Africa, making the UAE the continent’s fourth-largest source of foreign capital. United Arab Emirates
Egypt, Japan sign 12 investment deals as Cairo floats industrial zone plan Egypt has been wooing foreign investment as it recovers from its worst financial downturn in over six decades. Egypt
