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
Achieving consensus at COP28 will be test of UAE’s diplomatic skills The violence between Israel and the Palestinian militant group Hamas could complicate the effort to achieve a consensus agreement on tackling the climate emergency at the forthcoming climate summit in the United Arab Emirates. Kate Dourian In Dubai, reporting on energy
COP28 could allow oil industry to form coalition to cut emissions: TotalEnergies TotalEnergies CEO and chairman Patrick Pouyanne said that national oil companies as well as public and private ones must join the group. United Arab Emirates
Iran's parliament speaker visits UAE, meets MBZ as detente continues The trip was the latest in a flurry of bilateral diplomacy that has seen top Iranian officials in a chain of meetings with the Emirati leadership, though little progress has been reported on core disputes. Iran
UAE’s Masdar signs sustainable aviation fuel deal with Boeing Several Gulf entities are investing in the bio-based alternative jet fuel, though its development faces several challenges and is not ready for mass use. Legacy: Gulf
Abu Dhabi’s ADQ in talks with Turkey to build railway for trade corridor Amid increasing cooperation between the two countries, an alternative trade corridor is planned linking Europe, the Middle East and Asia. Turkey
UAE’s Masdar to triple Southeast Asia’s largest floating solar plant The new agreement between Masdar and Indonesian power utility PLN Nusantara Power will launch Phase II of the Cirata floating solar plant in the Indonesian province of West Java. United Arab Emirates
Russia becomes UAE’s top gold supplier as Ukraine sanctions bite The United Arab Emirates bought 96.4 tons of gold from Russia in 2022, making it Moscow's top gold importer. United Arab Emirates
China development financier AIIB opens first global office in UAE Bank officials expect that the new Abu Dhabi location will help extend their reach to finance sustainable development projects. United Arab Emirates
Highlights: Al-Monitor/Semafor Middle East Global Summit The Al-Monitor & Semafor inaugural Middle East Global Summit on the sidelines of the UN General Assembly meetings on Wednesday brought together the region’s leaders, newsmakers and business heads. Jordan
UAE eyes Serbia trade deal as CEPA blitz continues Non-oil trade between the two countries reached $57.6 million in the first half of 2023, surpassing their entire non-oil trade value for the year 2020. United Arab Emirates
UAE revenue jumps 31.8% in 2022 The UAE Ministry of Finance reported a 6.1% increase in expenditure last year compared to 2021, which amounted to around $116.3 billion. United Arab Emirates
Dubai ranks first in luxury home sales in second quarter: report Dubai was one of only four markets to see growth in its overall sales volume of luxury homes between Q2 2022 and Q2 2023 at 79%, along with Sydney (46%), Paris (17%) and Geneva (7%). United Arab Emirates