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
Syria gets new central bank head The last central bank governor was fired as the Syrian pound remains at historic low points against the US dollar. News Brief
Suez Canal receives giant dredger in planned upgrade The Suez Canal Authority is talking about plans to widen the southern section of the canal, only days after the giant Panama-flagged container vessel, Ever Given, went aground and became wedged across the international maritime passageway, causing a weeklong blockage. Egypt
Tuk-tuks become common sight in Lebanon's streets amid economic crisis Amid the devastating economic crisis and the deteriorating living conditions in Lebanon, many have replaced their vehicles with tuk-tuks to run errands, work or deliver goods. Lebanon
Surprising economic upside seen for Egypt, Morocco and Iran Reports this month by the IMF and the US intelligence community also underscore troubling trendlines. Egypt
Kuwait, China seek to diversify via Belt and Road Initiative Kuwait has been working on diversifying its national economy in light of economic variables, so it has made efforts to bolster cooperative ties with several partners like China and others to serve Kuwait Vision 2035. DONT USE - Gulf Pulse
Gold industry in Gaza booms amid coronavirus outbreak The gold industry in Gaza has thrived amid the outbreak of the coronavirus pandemic in terms of increased production locally and enhanced quality and availability of a variety of gold products and jewelry. Palestine
Dubai restaurants to stop screening dining areas during Ramadan fast Restaurants in the UAE's largest city previously had to screen off places where people ate during fasting hours during the Islamic holy month, as is customary throughout the region. United Arab Emirates
Kadhimi deepens cooperation with Saudi Arabia, UAE in Gulf tour Iraqi Prime Minister Mustafa al-Kadhimi is pursuing two-track diplomacy, expanding cooperation with both Levant and Gulf countries. Iraq
Post-COVID Saudi Arabia doubles down on Vision 2030 Although foreign investors mostly took a pass on Vision 2030, Saudi companies and the Public Investment Fund will pour money into a $3.2 trillion reform plan. Legacy: Gulf
War over economic routes heats up in Syria Syria’s economic collapse is stoking the struggle over commercial routes between government-held areas and US- and Turkish-backed enclaves, fueling also disagreements on humanitarian aid. Turkey
Why Turkey is wooing Egypt How will improved relations between Cairo and Ankara boost bilateral trade and joint investment? A number of Egyptian businesspeople are keeping fingers crossed that easing tensions between the two Mediterranean countries will open up new opportunities. Egypt
Crisis-hit Turkey risks disastrous foreign investor flight Erdogan’s interference with the central bank is badly damaging foreign investor confidence in Turkey, threatening hard-currency crunches that could send the Turkish lira to new lows. Turkey
