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
Egypt cotton exports record high revenues despite Russia-Ukraine war Despite the Russian war on Ukraine and its negative repercussions on global trade, Egypt succeeded in exporting 50,000 tons, or up to 75%, of its cotton production this season. Egypt
Egypt turns to Suez Canal to boost revenues The waterway’s authority has announced significant increases in transit tolls in recent weeks that are expected to bring in much-needed additional resources to help Cairo navigate its economic challenges. Egypt
Turkey-Colombia trade doubles in 2021 Turkey has also sought good relations with Venezuela in South America. Turkey
Gaza’s poor, reconstruction projects victims of Russia-Ukraine war The Russia war on Ukraine took a toll on the Gaza Strip, where the vulnerable population is facing increasing hardships in securing basic necessities as a result of soaring prices, in addition to halting construction projects due to high prices of building materials. Palestine
Israeli business leaders expect surge in trade with Morocco Morocco hopes to replicate, and even exceed, Israel-UAE business ties. Israel
Oman's fiscal outlook improves as oil prices surge Efforts to put public finances on a healthy footing and tackle chronic budget deficits have started to pay off, facilitated by a sharp increase in oil prices, Oman’s main export. Legacy: Gulf
Egypt seeks to contain price hikes caused by Ukraine crisis Egypt is dealing with soaring prices of bread and food products. Egypt
Israel, UAE to cooperate on clean hydroelectricity Israeli companies are eager to cooperate with Emirati partners for the development of clean, cheap and low-energy hydrogen production. Israel
Emirati and Turkish businesspeople discuss bilateral trade, investment The meeting between the Abu Dhabi Chamber of Commerce and Turkey’s ULUSKON business federation occurred in the context of rapprochement between the United Arab Emirates and Turkey. Turkey
Lebanese turn to cryptocurrency as economy tanks Lebanon is bursting with crypto mining shops, traders and online mentors to fulfill the surging demand from people desperately looking to gain financial freedom and much-needed US dollars. Lebanon
Egypt raises interest rates for first time since 2017 Inflation and bread prices have risen significantly in Egypt recently, and Saudi Arabia and Qatar have also raised their rates. Egypt
Jihadi group raises prices in Syria’s Idlib as war rages in Ukraine While some believe the Russian war on Ukraine has upped prices in northwest Syria, others accuse Hayat Tahrir al-Sham of exploiting the crisis to make gains. Syria
