Analysis What UAE’s $3.45B pullback from Pakistan signals about Abu Dhabi's priorities As Abu Dhabi pulls back long-rolled deposits while investing selectively, Pakistan faces an era of more conditional Gulf support tied to strategic alignment. By Sabena Siddiqui In Karachi, reporting on South Asia, Middle East, Iran
Analysis MENA wheat importers face food security risks as Hormuz crisis festers Home to many of the world's largest wheat importers, the Middle East and North Africa face acute food security risks as the US-Israel-Iran war disrupts global fertilizer flows and pushes up prices. By Samuel Wendel In Washington, DC, reporting on regional business and tech
Israel rejects Ukraine's claim that Russian shadow fleet vessel docked in Haifa Ukraine alleges the vessel unloaded wheat taken from occupied territories in Haifa, while Israel says ship had not entered the port. Israel
UAE’s cash request tests US ties as Iran war strains Gulf financial muscle Amid growing economic fallout from the regional war, Abu Dhabi’s bombshell request for a war-time financial lifeline from the United States is less about cash and more about clout — for now. United Arab Emirates
Analysis Gulf energy deals face Iran war stress test as global expansion meets oil shock By Samuel Wendel In Washington, DC, reporting on regional business and tech
Why is Turkey prioritizing shopping malls in reopening plan? Ankara’s haste to reopen shopping malls may be an effort to revive sagging consumption, but it also has to do with a tight nexus between politicians and businesses in the country. Turkey
Uber lays off 40% of Cairo office, largest in Middle East The layoffs come amid global cuts as the coronavirus pandemic sees revenues drop. Egypt
With virus numbers low, Turkey turns to ailing lira Nearly 83,000 people in Turkey have recovered from the novel coronavirus but as the government touts its success on the public health front, another fire has ignited: a record low in the lira as foreign investors flee. Turkey
Iran says it is exporting coronavirus diagnostic kits Iran announced the export of its first batch of domestically produced coronavirus diagnostic tests to Germany, saying it is receiving similar orders from other nations plagued by the pandemic. Iran
Saudi Arabia braces for economic impact Saudi Arabia and other Gulf Cooperation Council states must make dramatic cuts in spending, and not just on megaprojects, as unsustainably large annual deficits have arrived. Legacy: Gulf
Report: Private sectors in UAE, Egyptian, Saudi economies suffer dramatic losses IHS Markit, a global information provider, shows how the private sector has suffered major blows in the UAE, Egypt and Saudi Arabia. Saudi Arabia
Some Lebanese restaurants reopen with restrictions in place Not all Lebanese restaurants could afford to reopen after the government allowed them to operate at a limited capacity today. Originals
Lebanon to seek IMF assistance to help with economic crisis The prime minister said Lebanon would seek $10 billion in loans from the international financial institution after passing a reform bill. Lebanon
Despite cafes opening, Gazans still reluctant to go out Gaza restaurants are reopening their doors weeks after the lockdown, amid a low turnout of citizens who are still afraid of the coronavirus. Palestine
Lebanese protest dire economic conditions as coronavirus lockdown eases Protests have resumed in Lebanon, with many people lamenting hunger and economic strife as the country's financial crisis continues during the coronavirus lockdown. Lebanon
Israel under coronavirus: Economic straits revive social protests In the spirit of the wave of social justice demonstrations in 2011, Israelis in desperate economic situations due to the coronavirus outbreak are taking to the streets of Tel Aviv. Israel
Gaza farmers destroyed flowers amid lockdown The state of emergency imposed on the Gaza Strip due to the coronavirus pandemic has not spared the flower cultivation sector. Palestine
