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
Turkey’s Fidan set to visit Venezuela and meet Maduro The Turkish foreign minister is set to make his inaugural visits to Venezuela and Mexico in his capacity as his country’s top diplomat. Turkey
UAE dropped from global watchdog’s illicit finance list in quick turnaround The Gulf country was added to the Financial Action Task Force's grey list in March 2022. United Arab Emirates
UAE, Kenya conclude trade deal talks as Abu Dhabi expands influence in Africa The United Arab Emirates has established economic partnership agreements with 10 countries as it seeks to diversify its oil-based economy. Legacy: Gulf
Morocco-Spain thaw continues with investment pledge, aerospace deal Spain and Morocco have historically been at odds over Western Sahara, migration and territorial disputes. Morocco
Analysis How Red Sea crisis is battering Egypt's manufacturing, textile industries The Suez Canal is a cornerstone of the Egytian economy, providing a vital source of foreign currency for the cash-strapped country. By Jack Dutton In Bristol, reporting on regional business, climate change, AI, tech
Saudi tech giant expands investments into China, AI as part of $100B plans Alat plans to invest $100 billion by 2030 to coincide with Crown Prince Mohammed bin Salman’s Vision 2030 plan to wean the kingdom’s economy off of its reliance on oil. Saudi Arabia
Egypt’s Sisi: Suez Canal revenue down as much as 50% over Red Sea attacks The decrease in revenue and traffic in the canal due to attacks by Yemen’s Houthi rebels is exacerbating Egypt’s foreign currency shortage and overall economic crisis. Egypt
Israel’s Ashdod port bounces back from Gaza war setback Israel's Ashdod port is grappling with increased competition, threats from Yemen's Houthis and other regional challenges. Israel
In south Lebanon, schools resume classes as displaced shelter inside Hezbollah steps in as municipalities struggle to respond to the growing number of displaced. Lebanon
Back to roots: India, the Arabian Gulf and the reemergence of West Asia Building personal connections with Gulf leaders has proven instrumental for Modi in fostering stronger ties between India and the region. Legacy: Gulf
Brazil’s Lula signs cooperation deals on Egypt visit, will head to Ethiopia next The Brazilian president met his Egyptian counterpart, Abdel Fattah al-Sisi, attended an Arab League meeting and is seeking to expand the strong trade ties between the two countries. Egypt
What’s behind Egypt decision to raise minimum wage, government salaries by 50%? Egypt’s economy has suffered from high inflation for years, and now the spillover from the Gaza war is exacerbating the situation. Egypt
