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 The Gulf state suspended trade with Iran after new attacks in August. Experts point to risks for both sides as the Trump administration seeks to squeeze Tehran economically. By Samuel Wendel In Washington, DC, reporting on regional business and tech
Trump’s Iran ‘economic D-Day’ threat sends oil prices above $94 In a Truth Social post, the president threatened that any country that provides a financial lifeline to Iran will face "tremendous economic consequences." Iran
Explainer Iraq seeks special Hormuz access from Iran in scramble to keep oil flowing As Iran's parliament speaker holds talks in Baghdad, Iraq has asked Tehran for special consideration for its oil exports. Iraq
Newsletter: Daily Briefing Iran warns Gulf states against assisting US By Ezgi Akin In Ankara, reporting on diplomacy, EU-Turkey ties, NATO
Newsletter: FutureVerse Coinbase joins UAE crypto rush By Samuel Wendel In Washington, DC, reporting on regional business and tech
Emirates airline reports record $4.7B profit as Gulf competition heats up The Dubai-based airline has posted strong performance figures in recent months. United Arab Emirates
Dubai’s real estate boom keeps rolling, emboldening investors despite risks Samuel Wendel In Washington, DC, reporting on regional business and tech
Record rainfall forces Gulf cities to rethink climate change A climate change monitor estimates that global warming made the Gulf deluge 10-40% more intense than it would have been in the pre-industrial era. United Arab Emirates
Dubai crowned wealthiest city in Middle East, home to 72,500 millionaires The number of individuals in Dubai with liquid investment wealth — assets that can be readily converted to cash — of $1 million or more increased by 78% between 2013 and 2023 to 72,500, according to a report. United Arab Emirates
UAE’s non-oil revenues hit by April floods, but quick recovery expected The seasonally adjusted S&P Global UAE Purchasing Managers’ Index fell to 55.3 points in April, still indicating growth, but had been at 56.9 the previous month. United Arab Emirates
UAE-backed RedBird IMI pulls out of Telegraph deal, will sell UK newspaper RedBird IMI effectively took control of Telegraph Media Group in December, when it repaid the owner family’s debts, including a $753 million loan against the media outlets. United Arab Emirates
UAE, Ukraine conclude trade deal talks, Emirates to help post-war reconstruction Ukraine’s bilateral trade has sharply fallen since Russia invaded the country in February 2022. United Arab Emirates
Gulf telcos flexing investment might amid drive to become global brands Samuel Wendel In Washington, DC, reporting on regional business and tech
UAE company agreed to loan $13B to South Sudan in exchange for oil A $13 billion loan to South Sudan, funded by Hamad Bin Khalifa Department of Projects, marks the largest-ever cash deal for the country. United Arab Emirates
Dubai's record rainfall spotlights Gulf’s troubled relation with water The Gulf’s longterm love–hate relationship with water lies behind a year and a half's worth of rain that fell on Dubai in 24 hours. It includes climate change-induced shifting rainfall patterns, groundwater extractions and unsustainable consumption. United Arab Emirates