UAE-Syria move ahead on $20 billion real estate mega-developments Major housing and tourism projects in Damascus and Latakia are set to advance following a new agreement with UAE real estate tycoon Mohamed Alabbar. Syria
Iran’s economy deteriorates, oil minister resigns, workers protest: What to know Iran’s oil minister has resigned amid mounting economic pressure from US sanctions and restrictions on the country’s exports. Iran
Analysis Turkey’s $20B fund crisis: Who profited, and who will pay? Opposition parties are demanding immediate government compensation for affected investors, who face up to a six-month wait as independent banks oversee the asset liquidations. By Jack Dutton In Bristol, reporting on regional business, climate change, AI, tech
Iran’s rial hits record low as pressure on oil exports mounts The rial was trading at more than 2.5 million to the dollar in Tehran's open market on Tuesday. Iran
Analysis After France's settlement ban, Israel sees no warming of ties with Macron government By Rina Bassist In Paris, reporting on Israeli politics and European affairs
Will Egypt’s cooling inflation, economic growth satisfy IMF ahead of $8B loan review? The IMF is set to send a mission to Cairo this fall to review Egypt’s $8 billion loan program. Egypt
Hong Kong inks agreements with Gulf partners at BRI Summit Some 36 business agreements covering finance, technology, logistics, professional services and education were set to be signed at the event. Saudi Arabia
Saudi firm to pump $700M into economic zone developer in Africa The kingdom's Vision Invest will invest in pan-African developer Arise Integrated Industrial Platforms, which will use the funds to expand across the continent and develop green industrial ecosystems. Saudi Arabia
EU Commission chief seeks sanctions, partial trade freeze on Israel: What to know The proposal comes in response to Israel’s actions in Gaza, but divisions among the EU’s 27 member states make it uncertain whether the measures will be adopted. Israel
China calls on BRICS to boost multilateral trade as Iran, UAE eye closer ties The UAE’s and Egypt’s trade with BRICS members is on the rise, while Iran’s efforts to increase economic ties are complicated by sanctions. China
Cyprus courts UAE amid Greek pressure on subsea cable: What to know The project has been beset with delays due to longstanding disagreements between NATO members Greece and Turkey over territory in the Eastern Mediterranean. United Arab Emirates
India, Israel ink new investment deal: What to know The deal comes just a week after the Shanghai Cooperation Organization summit in Tianjin, China, where India signed a declaration condemning Israeli actions in Gaza and Iran. Israel
Turkish, Armenian envoys to meet Wednesday amid renewed peace push The sixth round of Turkish-Armenian normalization talks will follow the Washington peace summit between Armenia and Azerbaijan, which is expected to inject fresh momentum into reconciliation efforts. Turkey
Turkey's trade deficit falls to lowest level in nearly four years: What to know Turkey’s trade deficit in August shrank to $4.17 billion, its lowest level in 46 months, Trade Minister Omer Bolat said. Turkey
UAE says Israel’s West Bank annexation push a ‘red line': What to know There are growing indications that the Israeli government is seeking to annex the Palestinian territory, but the UAE is becoming increasingly critical of the plan. Israel
Egypt, Turkey ink investment deals with China on SCO Summit sidelines Egyptian Prime Minister Mostafa Madbouly and Turkish President Recep Tayyip Erdogan were in China for the two-day summit. Egypt
Analysis Arid Gulf states pursue global water deals, leveraging desalination expertise After becoming leaders in domestic water desalination, Gulf states are spotting opportunities to generate lucrative returns by exporting their know-how in a world facing growing water pressures. By Samuel Wendel In Washington, DC, reporting on regional business and tech
