Lebanon, UAE ink deals, deepen economic ties on Emirati Beirut visit An Emirati business delegation signed the agreements in Beirut and met with President Joseph Aoun, indicating the UAE's interest in deepening economic ties with Lebanon. Lebanon
Newsletter: Business & Tech Iran keeps Hormuz reopening on hold Traffic in the Strait of Hormuz remained low, with only five commodity vessels transiting the waterway on Tuesday, according to data from maritime tracking firm Kpler. By Jack Dutton In Bristol, reporting on regional business, climate change, AI, tech
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
Newsletter: Daily Briefing Syria, Israel hold US-mediated talks Pakistan’s Munir arrives in Tehran; major UAE economic delegation to visit Beirut; and more. By Ezgi Akin In Ankara, reporting on diplomacy, EU-Turkey ties, NATO
Analysis UAE-Iran trade relationship becomes key test of Trump’s wartime strategy By Samuel Wendel In Washington, DC, reporting on regional business and tech
Newsletter: Daily Briefing Iran warns Gulf states against assisting US By Ezgi Akin In Ankara, reporting on diplomacy, EU-Turkey ties, NATO
Middle East fintech funding sees 650% spike in 2020-2023 Fintech is one of the most funded and transacted industries across the MENA region, according to a MAGNiTT report, accounting for 24% of all venture investment in the region in the first half of 2024. Saudi Arabia
Netanyahu priority may be Sinwar, not Gaza cease-fire A recap of Al-Monitor reporting from Israel, Iran, the UAE and Turkey. Palestine
Saudi Arabia, UAE speak out against Israeli far right's moves on Al-Aqsa Riyadh and Abu Dhabi have called for an end to provocations at one of Islam's holiest sites amid comments by Israel's national security minister about building a synagogue on the site. Israel
Pakistan to raise $4B from Middle East banks amid economic turbulence For many years, Pakistan has relied on China and Gulf allies Saudi Arabia and the United Arab Emirates to roll over some of its debt to avoid having to repay it sooner. Saudi Arabia
UAE asks France for 'urgent' consular services to arrested citizen Telegram’s Durov Russian-born Pavel Durov has been a resident of the UAE since 2017 and a citizen of the Gulf state since 2021. United Arab Emirates
Analysis Qatar rivalry, security concerns drive UAE thaw with Afghanistan’s Taliban The UAE has formally acknowledged a Taliban-appointed representative, making it only the second country, after China, to do so. By Sabena Siddiqui In Karachi, reporting on South Asia, Middle East, Iran
Who is Taliban’s first UAE envoy since its return to power? The United Arab Emirates is only the second country to accept an ambassador from the Taliban-led government in Afghanistan, after China. United Arab Emirates
Abu Dhabi’s Mubadala invests in UK cloud data center developer Yondr It marks Mubadala’s third major investment in cloud data centers in three years, as the wealth fund looks to cash in on the ballooning demand for data center infrastructure. United Arab Emirates
Analysis Global brands still can’t shake Israel boycotts hitting Starbucks, McDonald’s Consumer backlash continues hitting the bottom line of multinationals as the Gaza war nears the one-year mark. By Samuel Wendel In Washington, DC, reporting on regional business and tech
UAE port operator DP World's profits fall 60% amid Yemen's Houthi Red Sea attacks The Dubai-based logistics firm reported $265 million in profit for the first half of 2024 ending June 30, down from $651 million the same time last year. United Arab Emirates
Netflix in crosshairs as Middle East streaming competition mounts Samuel Wendel In Washington, DC, reporting on regional business and tech