Jordan's King Abdullah heads to China in first visit since 2015: What to know Ahead of the visit, King Abdullah said that Jordan hopes to expand cooperation with China in green energy, tourism and aviation. Jordan
Explainer What would BRICS Bank membership mean for Iran's reeling economy? Iran’s Central Bank governor said the country will soon join the New Development Bank as he traveled to India this week for a meeting of the group’s finance leaders. Iran
Explainer UAE-Egypt ties keep growing as Cairo navigates shifting Gulf landscape An Emirati investor could soon strike a $2.7 billion deal to develop another tourism project on Egypt's North Coast, the latest in a string of UAE-linked pacts that have continued advancing despite turmoil from the US-Iran war. Egypt
Analysis Jordan shores up US lifelines as Iran targets Amman’s reliance on Washington Already a leading recipient of US aid, Jordan has secured fresh funds from the United States as the Iran war tests Amman and Washington's partnerships. By Samuel Wendel In Washington, DC, reporting on regional business and tech
Analysis How Gulf banks are absorbing Iran war shocks By Jack Dutton In Bristol, reporting on regional business, climate change, AI, tech
US deputy treasury secretary in Turkey to warn against evading Russian sanctions In a visit to Ankara Wednesday, US Treasury Deputy Secretary Wally Adeyemo plans to remind Turkey that anyone evading US sanctions against Russia will be held accountable. Turkey
Iran, Russia to establish trade centers The two countries will focus on energy-related trading and establishing a north-south corridor to rival the Suez Canal. Iran
Israel raises interest rates, following Gulf, US Inflation is rising throughout the Middle East and many countries' central banks are raising interest rates in response. Legacy: Gulf
Gulf states blacklist terror financiers linked to Iran, Islamic State, Syrian regime Lead figures in the Assad regime’s Qatirji oil-smuggling network were among those sanctioned. Legacy: Gulf
Israel interest rates to continue upward trend Battling growing inflation, the Bank of Israel has significantly raised the country’s interest rates twice in recent weeks. Israel
How interest rate hikes affect Egypt’s economy The central bank may raise rates further by 100 to 200 basis points in 2022 to be in line with tightening global monetary policies. Yields on T-bills are set to rise. Egypt
Turkey’s middle class priced out of home ownership Buying a home has become an elusive dream even for middle-class professionals in Turkey as the country’s economic woes erupt into a perfect storm over the housing market. Turkey
Turkish lira continues to fall Turkey is in the midst of an economic crisis marked by high inflation. By Adam Lucente In New York City, reporting on regional news, militancy, climate change
UAE meets $400 million target in first bond auction The Emirati government decided to sell bonds in dirhams to boost the local banking sector and diversify financially. United Arab Emirates
World Bank praises Palestinian easing of COVID rules, criticizes Israeli control The international financial body recommended several governance reforms for the Palestinian Authority to increase economic growth. Palestine
Egypt wants shipping agencies to deal in pounds amid dollar flight After Egypt’s currency devaluation in March, the Egyptian government hopes to ease the strain on its banking system by mandating that international shipping agencies accept Egyptian pounds instead of US dollars as payment. Egypt
Fundraising by Israeli startups expected to decline during 2022 A survey of Israeli startup companies shows a significant drop in fundraising. Israel
