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
Profiteering, smuggling push Iran to consider ‘electronic’ food stamps Rampant profiteering and smuggling are forcing Iranian authorities to move toward a revamped system of direct subsidies for essential goods. Iran
Turkish-Iranian trade disappoints big time Turkish-Iranian trade has declined to its lowest level in nine years despite political rapprochement, a preferential trade agreement and the use of local currencies in economic ties. Turkey
Syrian truckers fear for jobs as Turkish drivers cross border Turkish trucks have been entering Syria through the recently opened Bab al-Salam crossing, to the protests of Syrian truckers and shippers. Syria
Rouhani in Baghdad seeks outlets against US sanctions Iranian president Hassan Rouhani is paying his first visit to Iraq with the hope of expanding economic relations to allow Iran to counter the tightening noose of US sanctions. Iraq
Turkey's economy sinks into recession Financial media say the Turkish economy is in recession, and Turkey refuses to renew the press cards of three German journalists. Turkey
Why Turkey’s export rise is hard to sustain A heavy reliance on imported inputs to manufacture goods for export casts a shadow on Turkey’s hype about headway in foreign trade. Turkey
Salih: Iraq can be a 'bridge to the economies of the region' Iraqi president charts new direction for Iraqi foreign policy based on "interrelated interests" at Sulaimani Forum; Iraq-Jordan trade deal should help address Jordan’s unemployment crisis; Rouhani arrives in Iraq to boost trade; US shifted arms from Iraq to Syria in second half of 2018. Iraq
Egypt’s first sovereign wealth fund to tap unused assets Egypt recently announced the establishment of a sovereign wealth fund aimed at managing the state’s unused assets to promote development and investment projects. Egypt
Egypt to supply Sudan with electricity Egypt announced the completion of a substation in the south of the country that will export electricity to Sudan in exchange for goods. Egypt
Saudi investment fund hires US PR firm to create distance from crown prince New York-based Karv Communications will be paid $120,000 a month to “create a clear distinction” between the $200 billion fund and its embattled chairman. Saudi Arabia
Why artists are speaking up against ‘dirty money’ in Iranian cinema The increasing emergence of “dirty money” in Iranian cinema has sparked an outcry among artists, producers and directors, who are urging action to stop the phenomenon from ruining the industry. Iran
As Iran mulls joining financial watchdog, Israel sees win-win situation If Iran joins the FATF anti-money laundering organization, the Islamic Republic might find it harder to fund militant organizations in the region, but if Iran does not join, it may lose what few international banking connections it already has. Israel
