Oil falls below $71 as US-Iran talks continue, Gulf exports rebound Qatar’s Foreign Ministry spokesperson said in an X post on Wednesday that Iran and the United States had made "positive progress." Iran
Kuwait's Zain eyes $1.5B mobile network in postwar Syria: What to know The Kuwaiti company is planning to invest more than $1.5 billion in Syria after securing a license to operate there, Bloomberg reported Tuesday. Syria
Oman's sultan meets Macron in first France visit since 1989: What to know French President Emmanuel Macron has been pushing against any form of toll for the Strait of Hormuz. Iran
Traffic plummets through Strait of Hormuz after Iran, US trade fire Shipping through the Strait of Hormuz had recovered somewhat before renewed fighting between Iran and the United States saw traffic drop sharply over the weekend. Iran
Interview Saudi labor localization will take ‘generation or two': Armada CEO Olivier Badard CEO of Armada Holding
Analysis Why the Hormuz oil shock never became an energy catastrophe By Samuel Wendel In Washington, DC, reporting on regional business and tech
Will loan initiative turn around Egypt's struggling factories? Egypt’s Central Bank has launched a funding initiative to help defaulting factories deal with their debt and bolster production. Egypt
Pressure mounts against importing Israeli gas to Jordan While Jordan is expected to start receiving natural gas from Israel in a matter of weeks, demands that the government cancel the deal are growing. Israel
Egypt focuses on developing Africa With the goal of promoting investment opportunities in Africa and Egypt and signing development and investment agreements, Egypt organized the Africa 2019: Investment for Africa Forum, as President Abdel Fattah al-Sisi holds the presidency of the African Union. Egypt
Turkey’s economic crisis takes toll on wealth holders Hit by the Turkish lira’s slump against the dollar, economic contraction and decline in real estate prices, Turkey’s richest have watched their wealth erode. Turkey
Israel: plenty of bread but no butter Since the price of butter is controlled by the government, Israeli dairies prefer using the butterfat for other dairy products. Israel
How Suez Canal will continue to change Mediterranean Sea The Suez Canal has changed the Mediterranean Sea from environmental and economic perspectives since its opening 150 years ago, and these changes are only expected to worsen in light of the expansion of the canal. Egypt
Reduction in Iran's gasoline subsidy sparks anti-government protests President Hassan Rouhani’s announcement of a large reduction in the gasoline subsidy sparked protests across a number of cities, with deaths having been reported. Iran
Dubai's aviation boom in question as airshow kicks off The profitability of UAE airlines is on the decline as Dubai Airshow 2019 kicks off. United Arab Emirates
Egypt conducts joint drills with Greece, Cyprus amid Turkey tensions The naval forces of Egypt, Greece and Cyprus conducted joint military exercises in the Mediterranean amid tensions with Turkey over its drilling activities in the area. Egypt
Iran plans to wean budget off oil income by next year Iranian officials say the country will kick its dependence on oil revenues by next year, using them only for development projects and to acquire capital assets. Iran
Egypt's powerful military companies to go public President Abdel Fattah al-Sisi has called for listing companies affiliated with Egypt's armed forces on the stock exchange, allowing citizens to buy the shares in an effort to increase transparency. Egypt
Million-dollar lobbying campaign against Kuwait suffers major setback A Kuwaiti court has sentenced a Russian businesswoman to 15 years of hard labor despite pressure from former US officials. Here's who's behind the campaign to release Marsha Lazareva. United Arab Emirates
