Crypto crash collides with UAE’s big bet on digital assets After hitting record highs in 2025, Bitcoin’s sell-off is roiling global markets and making waves in the UAE. United Arab Emirates
Merz courts Gulf as Germany seeks energy alternatives to US, China Berlin is seeking to capitalize on ties with Gulf energy giants as relations with the United States have cooled amid strains over transatlantic defense commitments, Washington’s pursuit of Greenland and tariffs. Qatar
Gulf markets recover after gold rout, buoyed by Iran de-escalation hopes Saudi Arabia’s benchmark stock index, TASI, rose 1.4%, a day after falling the most in nearly 10 months amid a broad sell-off in the commodities market. United Arab Emirates
Analysis As envoys recalled, what's driving Israel-South Africa rupture? South Africa has expelled the Israeli charge d'affaires, deepening the diplomatic crisis between the two countries. By Rina Bassist In Paris, reporting on Israeli politics and European affairs
Analysis Saudi Arabia downsizes megaprojects, chases cash amid AI push By Samuel Wendel , Jack Dutton
Egypt's economy hit with downgrades as Sisi seeks third term Egypt continues to reel from high inflation, a weak exchange rate and more. Rare protests occurred in the country following President Abdel Fattah al-Sisi’s reelection bid announcement. Egypt
UK, Turkey in talks about third railway project The project follows the UK government underwriting financing in July to support the construction of a 286-kilometer high-speed electric railway in southern Turkey. Turkey
Saudi Arabia projects $21 billion deficit as economy diversifies from oil The kingdom was among the world’s fastest-growing economies last year with almost 9% GDP growth after a petrodollar boom amid a global rise in energy prices due to inflation and the Ukraine war. Saudi Arabia
After Nagorno-Karabakh offensive, can Turkey play nice with Armenia? Following Azerbaijani victory in Nagorno-Karabakh, Turkey is now laying the foundations for a rapprochement with Yerevan. Turkey
Pakistan, Gulf Cooperation Council sign 'preliminary' free trade agreement When the final trade deal comes into effect, it will likely be the GCC's first since 2009. Legacy: Gulf
Analysis Saudi Arabia fastest growing crypto economy globally amid regional drive The kingdom led globally with a 12% increase in crypto transaction volume reaching nearly $31 billion from July 2022 through June 2023, according to an industry report released Tuesday. By Salim A. Essaid
Russia becomes UAE’s top gold supplier as Ukraine sanctions bite The United Arab Emirates bought 96.4 tons of gold from Russia in 2022, making it Moscow's top gold importer. United Arab Emirates
UAE eyes Serbia trade deal as CEPA blitz continues Non-oil trade between the two countries reached $57.6 million in the first half of 2023, surpassing their entire non-oil trade value for the year 2020. United Arab Emirates
China’s Alibaba to invest $2 billion in Turkey The news follows economic changes in Turkey as well as improving ties between Turkey and China. Turkey
Dubai ranks first in luxury home sales in second quarter: report Dubai was one of only four markets to see growth in its overall sales volume of luxury homes between Q2 2022 and Q2 2023 at 79%, along with Sydney (46%), Paris (17%) and Geneva (7%). United Arab Emirates
Dubai's $1 billion Captagon bust ranks as one of world’s biggest Sales of the highly addictive stimulant continue to fund the Syrian government, despite regional efforts to break up smuggling rings. United Arab Emirates
