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
Turkey may 'lock' borders with Syria and Iraq to deal with Kurdish militants There is speculation about a secret deal between Ankara and Baghdad eyeing a contiguous, 30-kilometer-deep buffer from Syria to Iraq. Turkey
Egypt wants shipping agencies to deal in pounds amid dollar flight After Egypt’s currency devaluation in March, the Egyptian government hopes to ease the strain on its banking system by mandating that international shipping agencies accept Egyptian pounds instead of US dollars as payment. Egypt
Military minds gather in Israel as war in Ukraine resets strategies As it closely follows the changing battlefield in Ukraine, Israel will soon need to take a definitive stance on the Russian invasion. Israel
Will sanctioned Russian oligarchs find haven in Egypt? Its current economic hardships may prompt Cairo to double down on investments with Russia. Egypt
US becomes Turkey's second biggest gas supplier, but for how long? Turkey's second biggest gas supplier over the past winter was the United States, but Ankara may have to turn back to its neighbors to ensure it has sufficient supplies. Turkey
Brent crude falls nearly 10%, OPEC basket drops slightly Saudi Arabia has acted to keep prices high recently against the wishes of the US. Saudi Arabia
US urges Iraqi government formation as stalemate drags on The deadlock has left Iraq without a new budget amid the economic uncertainty stemming from Russia's war in Ukraine. Iraq
Will Erdogan sustain balance between West, Russia as Ukraine war drags on? If the West and NATO remain united during the long war in Ukraine, Turkey’s policy of straddling between Kyiv and Moscow would be unsustainable. Turkey
Fitch gives Egypt ‘stable’ debt rating, citing reforms Egypt is pursuing deregulation and tax reforms to some success, but the war in Ukraine has severely hurt the country’s economy. Egypt
Russian invasion of Ukraine slams Turkey’s transportation industry Traffic at the Turkish border crossings have come to a grinding halt after trucks en route to Russia, Belarus and Central Asia diverted routes to Turkey and Georgia following Russia’s invasion of Ukraine. Turkey
In policy shift, Israel will send Ukraine defensive equipment After unsuccessful attempts at mediation between Russia and Ukraine, Jerusalem tilts toward Kyiv. Israel
