Hong Kong exchange expands Gulf presence with new Dubai commodities arm The emirate has positioned itself as a global commodities trading hub, with the UAE ranking second globally after the US in last year’s Commodity Trade Index. United Arab Emirates
US Senate approves repeal of Caesar Act sanctions on Syria: What to know The 2019 Caesar Act imposed sweeping sanctions on Syria to hold the government accountable for human rights abuses committed during the country’s civil war. Syria
Saudi investment minister visits Morocco, Senegal on Africa trade drive Saudi Arabia has pledged more than $41 billion in investment in sub-Saharan Africa over the next decade. Saudi Arabia
Iran, Russia, Central Asia states ink Caspian Sea pact, plan naval drills The navies of Iran, Russia, Azerbaijan and Kazakhstan signed a comprehensive strategic cooperation agreement on Wednesday, aimed at strengthening security in the Caspian Sea basin as the four countries deepen their relations. Iran
Syria, Iraq discuss boosting trade The two countries also discussed cooperation on oil imports earlier this year. News Brief
US, Palestinian officials hold first economic dialogue in five years The US-Palestinian Economic Dialogue covered infrastructure development, access to US markets, US regulations, free trade and other financial issues. News Brief
Qatar, Israel reach agreement on diamond trade Qatar is not part to the Abraham Accords for normalizing ties with Israel, but this did not prevent it from reaching a bilateral agreement with Israel on the trade of diamonds. Israel
Will Lebanon’s economic crunch stir demographic change? The emigration of Lebanese, especially Christians, raises concerns in Lebanon in terms of the demographic change that it may lead to, in light of the economic crisis that the Lebanese have been experiencing for nearly two years. Lebanon
Israeli PM pays landmark visit to UAE On a first official visit to the Emirates, Prime Minister Naftali Bennett met with Crown Prince of Abu Dhabi Sheikh Mohammed bin Zayed Al Nahyan. Israel
Will other Gulf states follow UAE decision to shift workweek? The Emirates' push to better align its economy with global markets elicited mixed reactions across the Gulf. Legacy: Gulf
Lebanese opt for new emigration destinations amid crises Lebanon is witnessing one of the biggest waves of emigration in its history as the country faces its worst socio-economic conditions amid a worsening political crisis; Turkey, Armenia and Georgia have become new destinations. Lebanon
Lebanon's elderly population devastated by crash As one of the 16 countries in the world that don’t offer social security, older people in Lebanon are spending their last years struggling and depending on aid groups to survive. Lebanon
Sweeping legal reforms aim to maintain UAE's competitive edge The new amendments will add more flexibility to a wide range of economic sectors and industries, reaffirming the UAE’s standing as a leading business hub. Legacy: Gulf
How feasible is Raisi’s economic roadmap for Iran? The ministry of finance's new set of economic goals and timelines outlines lofty ambitions but ignores the current limits that sanctions place on Iran's international trade. Iran
Erdogan appoints champion of low interest rates as new finance minister Nureddin Nebati, who has fiercely defended the president’s low rate policies, has replaced Lutfi Elvan as Turkey's finance minister. Turkey
Turkish Central Bank intervenes to curb 'unhealthy' lira losses Amid a sharp slide in the nation’s currency, the Turkish Central Bank announced it would intervene in markets and sell foreign exchange reserves Wednesday to stem volatility in the Turkish lira. Turkey
