China warns US not to interfere with Iran trade: What to know China's Foreign Ministry said Beijing was firmly opposed to what it called “illegal unilateral sanctions” and would take “all necessary measures” to safeguard its rights. Iran
Large UAE delegation set to arrive in Lebanon in major investment push A large Emirati delegation of around 70 business leaders and government officials is heading to Beirut, in the latest sign of thaw between the United Arab Emirates and Lebanon. Lebanon
France, Saudi Arabia announce more than $10B in deals on MBS visit Among the deals included a 6 billion euro ($7 billion) pledge from the Public Investment Fund in three manga-themed amusement parks on the outskirts of Paris. Saudi Arabia
China slams Trump over economic war on Iran: What to know China’s once significant oil imports from Iran have been impacted by the war in the region and increasing US sanctions. Iran
Lebanon implements ration card program as economic crisis worsens The Lebanese parliament approved a law to fund ration cards for the most vulnerable families, while ending subsidies. Lebanon
King Abdullah to be first Arab head of state to meet with Biden King Abdullah will visit Washington for the first time in two years and is to meet with US President Joe Biden on July 19. Jordan
Egypt-Turkey economic ties so far unaffected by political differences Despite the ongoing political differences between Egypt and Turkey, Cairo remains Ankara’s largest trading partner in the African continent. Egypt
Will high oil prices setback Gulf reforms? Push harder or take a breath on economic reforms? The question can be tricky for Gulf rulers Legacy: Gulf
Egypt anticipates gains from expanding economic ties with Iraq Egypt, Iraq and Jordan are working to establish an alliance to boost cooperation in various economic fields. Egypt
Islamic State exploits economic downturn in Iraq, Syria, US envoy says John Godfrey said the thousands of suspected Islamic State fighters held in northeast Syria constitute a security threat to the region. Syria
Lebanon's parliament backs $556M cash subsidy As Lebanon grapples with an economic crisis, qualifying families would receive up to $137 per month to help cover basic goods. News Brief
Iraq hosts historic summit with Jordanian, Egyptian leaders The visit by Egyptian President Abdel Fattah Al-Sisi to Baghdad is the first by an Egyptian head of state since 1990. Iraq
Egypt looks to Islamic bond market for foreign investment boost Egypt’s sovereign bonds bill paves the way for Egypt to join the Islamic finance market, allowing foreign investment in national projects such as the Suez Canal and Aswan Dam, which affects Egyptian national security. Egypt
Iraq automates its customs service to reduce corruption at border crossings The Iraqi government has taken several new initiatives to fight corruption, from automating border crossings, arresting corrupt figures and imposing restrictions on the economic interests of militias and political parties. Iraq
Emirates loses more than $5 billion in 2020 The Dubai-based airline's financial struggles amid the coronavirus pandemic has led to job cuts and a massive cash injection from the government. News Brief
Iran's presidential hopefuls promise big on economy, but can they deliver? While candidates for the election this Friday have a long list of promises to fix the economy, inefficiencies in Iran's political structure limit the president's ability to make lasting change. Iran
