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
Ukraine sanctions Israeli-Georgian billionaire accused of backing Russia Israeli press reported today that Israeli-Georgian businessman Mikhael Mirilashvili, considered close to Prime Minister Benjamin Netanyahu, was blacklisted by Ukraine several months ago. Israel
Iran’s foreign minister meets Japanese counterpart in rare Tokyo trip Hossein Amir-Abdollahian's visit to Japan comes amid mounting tensions in the region over Iran’s nuclear activities and attacks on commercial vessels in the Gulf. Iran
Israel to include Gaza Americans in US visa waiver trial After agreeing to facilitate the passage of American-Palestinians in the West Bank, Israel has agreed to similar conditions for those residing in Gaza. Israel
Qatar loans Argentina $775 million to repay IMF Qatar continues its practice of assisting financially strapped countries by providing a loan to Argentina, which is also planning to use the yuan to purchase Chinese imports. Legacy: Gulf
UAE’s ADNOC buys stake in Azerbaijan gas field The move follows a wind and solar energy deal between an Emirati firm and Azerbaijan. Legacy: Gulf
Turkey’s new economy team wins over foreign investors Turkey’s economy czar and central bank chief have met with foreign investors amid a fresh push to draw foreign funds. Turkey
Lebanon: Republicans in Congress call for sanctions against political class The letters come amid Lebanon’s continued political paralysis, economic crisis and rising tensions with Israel. Some members of Congress are calling for sanctions on parliament speaker Nabih Berri, an ally of Hezbollah. Lebanon
Iran president Raisi invites UAE's MBZ to visit Tehran The invite was extended on the same day that Iran conducted a naval drill on Abu Musa Island, which is disputed with the UAE. United Arab Emirates
Saudi Arabia, UAE lead Forbes’ 2023 Arab family business ranking Although Saudi Arabia and the UAE dominated the list, with 33 and 29 of the top 100 spots respectively, Egypt’s Mansour Group sat in first place, with the UAE’s Al-Futtaim Group in second and Saudi Arabia’s only female-led company, Olayan Financing Company, at third. Saudi Arabia
Gulf investment in UK property expected to reach $3.2 B in 2024 Middle Eastern investors are capitalising on lower property valuations and those investors are likely to refinance when interest rates start falling, the Islamic bank said. Legacy: Gulf
Saudi Arabia borrowing rate hits new high, posing risk to foreign investments The Saudi Arabian Interbank Offered Rate climbed above an average of 6% in July, which was higher than the rate during the 2008 global financial crisis. Saudi Arabia
Turkey, Egypt seek to boost mutual trade by 50% in 5 years In the first visit of its kind in a decade, Egypt's trade and industry minister traveled to Turkey on Tuesday. Turkey
