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
Chemi Peres: Israeli tech back to business, cyber security among most resilient Despite the war and the divides within the Israeli society, tech entrepreneur Chemi Peres embraces the optimism of his father, late President Shimon Peres, for the future of the country’s innovation ecosystem. Israel
GCC, Turkey launch talks on free trade agreement According to the Turkish trade minister, the new free trade agreement will create one of the world’s largest free trade areas. Turkey
Saudi Arabia offers $182M package, other incentives for mining investors The kingdom is prioritizing the lucrative sector as part of its ambitious Vision 2030 plan to diversify its economy away from a reliance on oil. Saudi Arabia
Analysis Beyond migration, what does EU's $8bn package mean for Egypt? The 27-member bloc's 7.4 billion euros in funding in the North African country will be disbursed over the next three years and cover economic and trade relations, energy and immigration. By Jack Dutton In Bristol, reporting on regional business, climate change, AI, tech
Analysis India courts Israel while calling for Gaza cease-fire and expanding Gulf ties In Jerusalem, Indian national security adviser Ajit Doval expressed his country’s support for Israel while also calling for a cease-fire in the Gaza Strip. By Rina Bassist In Paris, reporting on Israeli politics and European affairs
Iran sends delegation to Afghanistan as Taliban-Tehran ties see boost Iran’s relations with the Taliban are seeing a thaw after a period of tension over deportation of Afghans from the Islamic Republic last year. Iran
Turkey, UK to begin trade deal talks in June The official talks, set to begin on June 10, were announced following a Thursday meeting between the countries’ trade ministers in London. Turkey
Hungary signs $5.5B deal with UAE firm to develop Budapest neighborhood The new project around the Rakosrendezo freight train station is expected to bring the futuristic, high-rise style of Dubai and other Emirates to the Hungarian capital. United Arab Emirates
Israeli cryptocurrency exchange to launch shekel-backed stablecoin Stablecoins, which are digital currencies that are pegged to stable assets such as fiat currencies, have a degree of appeal in the Middle East. Israel
Will UAE's $35B investment help Egypt recover from financial crisis? The Gulf state has stepped in with a major deal that could throw an economic lifeline to President Abdel Fattah al-Sisi's government. Egypt
AI and cloud investments dominate Saudi Arabia's LEAP tech summit Amazon Web Services and DataVolt were among the companies that made significant cloud investments in the kingdom, which is looking to become a global technology hub. Saudi Arabia
UAE-India ties grow as DP World secures $422M for Gujarat container terminal Intiatives like the India-Middle East-Europe Economic Corridor have seen business deals flourishing between India and the United Arab Emirates. United Arab Emirates
