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
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
Dubai's $1 billion Captagon bust ranks as one of world’s biggest Sales of the highly addictive stimulant continue to fund the Syrian government, despite regional efforts to break up smuggling rings. United Arab Emirates