Hormuz traffic sinks to one-week low as ships attacked, talks stagnate The United States and Yemen's Houthi rebels carried out separate attacks on commercial ships on Tuesday in the Gulf of Oman and the Red Sea. 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 Amid realignment with Egypt, Turkey steps up support for Sudan’s Burhan Turkey has been intensifying engagement with the Sudanese army leader as Red Sea security concerns grow and to protect its interests in the broader Africa region. By Barin Kayaoglu In Ankara, reporting on geopolitics and national security
Newsletter: City Pulse Dubai Threads of history at Jameel Arts Center Also this week: La Lupa brings the Mediterranean to Dubai, "Summer Vibes" opens at Opera Gallery and Avni Doshi returns with a new novel By Rebecca Anne Proctor In Dubai, reporting on culture
Analysis How Gulf banks are absorbing Iran war shocks By Jack Dutton In Bristol, reporting on regional business, climate change, AI, tech
Explainer Saudi airlines outbuy Gulf rivals at Farnborough air show: What to know 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
Turkey, Iraq, UAE, Qatar ink $20B transportation deal during Erdogan visit The Turkish president’s visit heralds a new chapter between the two neighbors after more than a decade of turbulent ties. Turkey