UAE, Russia host first joint business forum despite Ukraine war sanctions Trade between the two countries is projected to exceed $10 billion in 2025. United Arab Emirates
Analysis Russian leak signals Su-35s for Iran moving to production: What to know Recently leaked documents suggest 16 fighters are already on Russian assembly lines, with deliveries slated through 2027. For Tehran, it would be the first meaningful fighter upgrade in decades. By Francesco Schiavi In Bologna, reporting on security, defense, economy, governance
Iran rial hits record low 1.13M to dollar as UN snapback sanctions resume: What to know The sanctions, which were trigged by the three European signatories to the nuclear deal, will not hinder Iranian oil exports to China, an official said. Iran
From F-35s to Ukraine: Erdogan-Trump talks signal reset, but sanctions obstacles remain The summit underscored both leaders’ personal chemistry while highlighting the limits of what the partnership can deliver. Turkey
Analysis As Trump plays Russia oil sanctions gambit, will Middle East profit or pay? By Samuel Wendel In Washington, DC, reporting on regional business and tech
Saudi oil exports hit new low, dropping by more than one-third In May of this year, Saudi Arabia’s value of oil exports hit a low of just over $19 billion, reported the kingdom’s General Authority for Statistics. This includes both crude and refined products. Saudi Arabia
Russian migration to Turkey spikes by 218% in aftermath of Ukraine war Nationals of Iran and Iraq, meanwhile, constitute the largest group of foreigners who left Turkey in 2022. Turkey
Iran shrugs off fresh US reinforcements in Persian Gulf, boasts drone power The latest episode of potential US-Iran tensions in the Persian Gulf ensued Iranian encounters with commercial vessels in the strategic oil passage, the Strait of Hormuz. Iran
Turkey's Fidan says no solution without Russia to grain deal impasse The top Turkish diplomat Hakan Fidan dismissed Kyiv's alternative solution offer to ship Ukrainian grain without an agreement with Moscow. Turkey
Russia pulls inspectors from Turkey after Kremlin nixes grain deal The joint operation center in Istanbul, which was set up as part of the Black Sea grain deal, has been the sole mechanism through which Ukrainian and Russian officials were directly working together on a regular basis since the invasion of Ukraine. Turkey
UK sanctions 13 Wagner-linked firms and officials in Sudan, CAR, Mali The mercenary group has been operating across Africa for many years, exploiting the continent's natural resources and providing military support for its own financial gain. The Horn of Africa
European Parliament rebuffs Turkey's NATO-EU trade-off Turkey’s EU accession process cannot resume under the current circumstances, but new ways to cooperate should be explored, EP members say ahead of an EU foreign ministers meeting. Turkey
Analysis On Gulf tour, Japan's PM secures energy ties as China’s influence grows Prime Minister Fumio Kishida’s three-day trip that began Sunday to Saudi Arabia, the United Arab Emirates and Qatar — its key energy suppliers — is seen as a crucial move to secure Japan’s energy future. By Salim A. Essaid
Turkey, Russia discuss Ukraine grain export deal after Moscow halts pact The conversation between the top Russian and Turkish diplomats comes as Ankara is amping up its efforts to salvage the deal critical for global food markets. Turkey
Wheat prices rise by nearly 3% as Russia-Ukraine grain deal expires Turkish President Recep Tayyip Erdogan said he may call his Russian counterpart, Vladimir Putin, in an effort to save the export deal. The deal’s termination could have economic effects on the Middle East. Turkey
Inside Turkey's three dimensions for changing tune on Sweden's NATO bid Turkey’s surprise decision on the Swedish NATO bid seems to be underpinned by considerations on defense and economic areas. Turkey
Erdogan’s NATO moves agitate Russia but don’t spell Turkey's sharp shift to West The Turkish leader is navigating Ankara’s relationships in ways that he believes best benefit Turkey’s interests and above all his own political survival. Turkey
