4+ day, 16+ hour ago   (622+ words) Middle Eastern banks face fresh hurdles in establishing and maintaining US correspondent relationships as the Trump administration intensifies efforts to choke off Iran’s global financial dealings. US officials have targeted one institution in the UAE and Turkey each in the…...

5+ day, 7+ hour ago   (491+ words) Valentina Pasquali and Pramod Kumar Oil prices rose above the crucial $100 level for the first time since July on Wednesday, up for a fourth straight session as the US-Iran conflict flared over control of the Strait of Hormuz. International benchmark…...

5+ day, 16+ hour ago   (929+ words) Yemen’s Houthi militia has attacked energy and military infrastructure across four cities in southern Saudi Arabia, raising the prospect that the conflict could have a bigger impact on the kingdom’s economy and global energy markets. Saudi Arabia’s main crude-producing fields,…...

1+ week, 16+ hour ago   (582+ words) Saudi Arabia and Turkey are in discussions to develop a regional electricity corridor through Jordan and Syria that could eventually connect Gulf power supplies with European markets. The proposed network would strengthen Turkey’s ambitions to become a regional centre for…...

1+ week, 6+ day ago   (247+ words) Egypt’s exports to China tripled in the first half of the year after Beijing removed tariffs on Egyptian goods in May. China began granting full customs duty exemptions to exports from 53 African countries on May 1, prompting several Egyptian companies to…...

1+ week, 6+ day ago   (377+ words) Solar panel imports to the Gulf have plunged after the US-Iran war disrupted shipping routes and drove up freight, insurance and equipment costs, new research shows. Each month from March to June, the UAE on average imported equipment capable of…...

1+ week, 6+ day ago   (715+ words) Abu Dhabi defence company Edge is expanding deeper into Europe as governments across the world embark on their biggest military spending increase in decades. Edge expects international business to account for a growing share of its portfolio, as rising military…...

2+ week, 6+ hour ago   (703+ words) The group no longer has the capacity or geopolitical luxury to control prices as the power balance in energy markets shifts US ownership of Venezuelan oil is the antithesis of Opec’s obsession with sovereign control of national resources. Trump has…...

2+ week, 6+ day ago   (598+ words) Qatar has increased its foreign-currency deposits at domestic banks by $13 billion since the US-Israeli war on Iran began, easing liquidity pressures as non-resident deposits dwindled. Government foreign-currency deposits surged by QAR46 billion ($13 billion) to QAR130.5 billion between the end of February and…...

3+ week, 11+ hour ago   (829+ words) On the crucial matter of due diligence, herd mentality is more common than many would care to admit Making your first investment in a startup can be both exciting and daunting. For me, it began with Nabta, a UAE-based health-tech…...