Iran war deepens Gaza crisis as prices soar, aid falters Gazans fear that Israel could exploit the wider regional war to reenter Gaza, especially as buffer zones along the border continue to expand and civilians are targeted to keep them away. By Daoud Kuttab In Amman, reporting on Palestinian politics
Israel energy minister says gas flowing to Egypt, Jordan despite shutdown reports Israeli Energy Minister Eli Cohen told Al-Monitor that despite security concerns and partial shut down of marine gas platforms, Israel continues to supply gas to Egypt, Jordan and Israeli consumers. Israel
Saudi Arabia launches new Bahrain maritime link as Hormuz routes strain The service connects King Abdulaziz Port in Dammam with Bahrain’s Khalifa Bin Salman Port. Saudi Arabia
How Egypt is navigating limited options in Iran war to stay neutral Egypt, so far spared from Iranian retaliatory attacks, is pushing for a diplomatic solution as the war with the US and Israel threatens its already fragile economy. Egypt
Analysis How Iran's strike on Qatar gas field could impact LNG market for years By Samuel Wendel In Washington, DC, reporting on regional business and tech
Analysis How long can markets hold their bet on Gulf resilience as war drags on? By Jack Dutton In Bristol, reporting on regional business, climate change, AI, tech
Saudi sovereign wealth fund invests in US mixed martial arts league The new area of sports investment follows major Saudi investments in golf and soccer. Legacy: Gulf
UAE’s non-oil trade hits record $340B in first half of 2023 Trade is set to increase after the BRICS bloc of major developing economies announced last week that the United Arab Emirates was among the list of countries invited to join the group. United Arab Emirates
Will BRICS throw a lifeline to dollar-strapped Egypt? Economists believe BRICS membership will give Egypt a chance to ease pressure on the dollar, but is not a quick remedy for the country’s economic woes Egypt
Egypt, Iran, Saudi Arabia, UAE to join BRICS The Shanghai-headquartered New Development Bank, or so-called “BRICS bank”, had already admitted the UAE and Egypt as shareholders. Iran
Analysis Saudi holdings of US Treasuries hit record low, signaling push to diversify from dollar Saudi Arabia's stockpile of US Treasuries fell to $108.1 billion in June, the lowest point since December 2016. By Salim A. Essaid
Protests in southern Syria as economy worsens Syria’s economy is in tatters, and the removal of subsidies has led to relatively rare protests in government territory. Syria
Israel’s inflation drops to 3.3%, beating expectations Inflation in Israel has dropped to 3.3% from 4.2% in June, even as analysts predicted it would rise in July. Israel
Why did Turkey restrict gold imports as it rolled new economic measures? Observers believe Turkey’s new economic leadership is unlikely to take strong measures to curb inflation before Erdogan gets through local elections in March 2024. Turkey
In radical shift, Israel's El Al airline in talks to buy Airbus planes El Al is in "serious" talks with Airbus to purchase new planes but continues to negotiate with Boeing as well. Israel
Tunisia, Libya strike deal on stranded sub-Saharan African migrants Anti-migrant sentiment in Tunisia has led to a crisis on the border with Libya, adding to Tunisia’s political and economic woes. North Africa
Egypt’s headline inflation hits all-time high of 38.2% in July Surging food prices helped July’s headline inflation numbers break the record of 36.8% in June. Egypt
Egypt’s power cuts persist amid heat, declining natural gas production Egypt wants to export more natural gas, including in cooperation with neighboring Israel, but domestic production is declining amid the government’s efforts to reduce consumption. Egypt
