Analysis Turkey pushes Iraq, Syria trade routes as Hormuz crisis disrupts Gulf shipping Turkey is using the Hormuz crisis to promote Iraq- and Syria-based Gulf-Europe corridors, but experts say the routes remain too costly, underbuilt and politically fragile to rival maritime shipping. By Barin Kayaoglu In Ankara, reporting on geopolitics and national security
UAE eyes first multifuel pipeline as Hormuz crisis drags on State-owned Abu Dhabi National Oil Company is considering building a refined oil products pipeline that bypasses the Strait of Hormuz. United Arab Emirates
Interview Saudi Arabia eyes state-backed stablecoin amid digital finance push Tokenization in Saudi Arabia has rapidly evolved from concept to early-stage execution since the early 2020s.
Gulf celebrates Eid al-Adha under shadow of war The holiday marks the first time in decades that Gulf states are observing one of Islam’s holiest celebrations against the backdrop of a regional conflict. United Arab Emirates
Analysis Why Turkey sees opportunity in Hormuz crisis to boost Middle Corridor By Barin Kayaoglu In Ankara, reporting on geopolitics and national security
Analysis Pushed out of Sahel, Macron turns to Egypt and Africa's anglophone countries By Rina Bassist , Rosaleen Carroll
Analysis Pakistan’s six corridors offer Iran a trade lifeline, could outlast Hormuz crisis By Sabena Siddiqui In Karachi, reporting on South Asia, Middle East, Iran
Analysis From hoarding to unemployment: Iran's economy buckles under US pressure By A correspondent in Tehran In Tehran, reporting on politics
UK, Turkish trade ministers meet in Turkey, announce joint railway deal The two countries have an existing trade deal that covers goods but not services, digital trade or data. Turkey
Saudi PIF invested $31.6B in 2023, record in global sovereign wealth funds The PIF is estimated to have nearly $800 billion in assets and wants to become the world’s largest sovereign wealth fund by 2030. Saudi Arabia
Turkey’s exports to Saudi Arabia, UAE and Russia shoot up in 2023: Erdogan The Turkish president also said the country’s total export revenues reached an all-time high. Turkey
2023 in review: Iran sees opportunity in Gaza war, steps up crackdown at home Iran's theocratic establishment engaged in a flurry of foreign diplomacy to try to ease the international isolation it is facing, while at home it intensified its crackdown on dissent. Iran
What is behind Iran-Russia de-dollarization deal as sanctions bite? The long-awaited agreement was one among several solutions the two countries have sought to salvage their battered economies, which remain cut off from key international banking systems. Iran
Saudi mining firm Ma’aden announces gold discovery Saudi Arabia seeks to boost its mining sector, including via investment at home and abroad. Legacy: Gulf
Explainer: Major shipping giants resume Red Sea routes amid Houthi attacks The Iran-backed Houthi rebels in Yemen have fired on international ships and Israel’s port in the Red Sea since the Gaza war began, wreaking havoc on the global shipping industry. Legacy: Gulf
How Starbucks fell from favor with pro-Israel and pro-Palestinian activists The coffee giant is no stranger to frothy accusations of being pro-Israel, and now a pro-Palestinian post on one of its union's social media accounts has sparked a boycott. Israel
Houthi missile hits Norwegian-flagged tanker in latest Red Sea attack Iran-backed rebels hit a Norwegian-owned chemical tanker with a cruise missile, but the ship had no clear connection to Israel, signaling the Houthis may be widening the aperture of their attacks. Legacy: Gulf
With 32% trade boost, Turkey eyes Saudi investments amid domestic downturn Trade between the two countries reached $5.86 billion in 2022, a 32.6% increase over the previous year. Turkey
Kuwait, Qatar, UAE telecoms merge assets into $2.2B tower company Three Gulf companies will create a new entity, which has not yet been publicly named, combining around 30,000 tower assets in Algeria, Iraq, Jordan, Kuwait, Qatar and Tunisia. Legacy: Gulf
What is behind Turkey’s inflation spike to 61.9% in November? November's consumer prices also rose by 3.28%, data released by the Turkish Statistical Institute showed on Monday. Turkey
